About Oil Prices

asked:


Monetary expansion
SR output increase, interest decrease, price level increase
MR output no change, interest no change, price level increase

Increase Oil Price
SR output decrease, interest increase, price level increase
MR output decrease, interest increase, price level increase

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Given these is it safe to assume in the …
SR output will be ambiguous as will ith interest rate and a increase in price leve?

MR output will decrease, interest rate will increase, as will price level?

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asked:


Most airlines start charging fees for check-in luggage, food, etc due to high oil price. Now, oil price has come back down to the level before the dramatic rise, why do these fees continue to stay?

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rocd asked:


I know oil is currently around $100/barrell but who sets this price and is this just the U.S. price or international? If the price of oil is the same internationally, it seems the price at the pumps should also be the same but they aren’t.

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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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