Promise - High Gas - Stock- Promise-High gas -More stock, Do you agree that stock is driving up gas prices?f?

Question

The more they predict that Gas is going up, The more Stock will be purchased in the gas/oil stock. When it is predicted its going down, people will sell their stock- when they say its going up- they will buy stock. As long as people buy this stock in the oil, its gonna go up. So, do you agree that Oil stocks should be frozen or something to stop it from driving up the price of gas?

Answer 1

Oil speculation on futures drive prices (not costs) more than stock speculation. Plus the global glut. The GLUT. China has greater energy demands than before and its faster growing economy threatens to edge America out somewhere down the line within the next twenty years or so. Dont take no genius to figure that out.

Thats why the stupid Neo-Con concept of a Roman-style global US colonial empire is absurd. China already has a rocket which kills satellites and its Silkworm missile can disable naval vessels. Iran has a 200 mph torpedo, unstoppable by todays defense systems. Oil prices will continue to climb to perhaps $210 a barrel. Lets hope not. but you better ditch the SUV.

Answer 2

Go take a look at this:

http://inflationdata.com/inflation/infla...

As you can quickly see, gas prices, when calculated with inflation, are not really rising or falling, but just basically staying even.

Which means stocks have nothing to do with it.

Answer 3

I agree that the futures market is driving up the price of gasoline.  Also, every time the feds drop the interest rates, the value of the dollar goes down.  Its somewhere around 65 cents right now.  That means for OPEC to get the same amount of money for their oil, they have to charge 35% more since it is traded in US dollars.  Some countries are switching to Euros.  Even if we drill our own oil, my guess is that the price of the oil will be the same as OPEC charges.

Answer 4

Actually stock is not the sole reason for the gas prices going up.  The reason gas prices continue to soar is due to lack of resources when it comes to oil over seas.  This has to do with "supply and demand".  Right now, a barrel of oil exceeds the cost of $130 and climbing.  So this is due to the scarce resources of oil.  The suppliers don't have all of the materials they need so they are hiking up the prices on oil so they can compensate for what they don't have.  So as a result we pay more because of the high oil prices..