About Oil Prices

Jacob asked:


I’ve just read that the oil spill is the equivalent of 2.5 hrs of U.S. consumption. So Obviously there is a lot of oil and it is more plentiful then they would have us believe. Also the insurance policy on the oil rig was twice the value of it so they made millions off of this spill. So my question is did they plan this whole thing to cash in on their insurance policy and then jack up oil prices and in turn make even more money?

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Uncle Pennybags asked:


For instance, I know the ETF GLD goes up and down with gold prices.

Is there anything equivalent to Oil?

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sokrates asked:


Notice that oil prices have “surged” today on reports that say supplies of sweet crude oil have dropped.

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toor y asked:


The price of oil decreased from $76 per barrel to $70 per barrel. What is the percentage change in oil prices?

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Critical_rationalist asked:


that’s what was said BEFORE the election. Jimmy Carter even said it, but the election is OVER and gas prices and oil prices are still dropping!

Why isn’t big oil forcing the prices back up since they set the prices at will (according to liberals)?
a lot of you need to look up “sarcasm”!

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Jeremy P asked:


They don’t it’s not in there power to control the gas prices or oil they may have shares like a lot of people but they don’t control the prices.
bush doesn’t own exxon etc seperate buisness does

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Matthew D asked:


Venezuela and Iran both depend almost entirely on oil revenues to keep their America hating governments in power. Since they spend so much on defense and public works and public welfare, a sudden decline in revenue spells their doom. They also have inferior oil compared to other countries which means theirs costs more to extract and refine, meaning that oil below a certain value literally prices Venezuela’s and Iran’s oil out of the market. Is there a way we can take advantage of the fall of the price of oil and sink those America hating regimes?

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