Comments on: Beware of false prophets in the market for oil

By: Jl

Jl — Wed, 05 Nov 2008 03:12:50 +0000

Reasons why betters would pick Obama over McCain:
-Poor economy
-Credit crisis
-Poor Rating for Pres Bush
-Obama’s Message of reason for change
-Voters not being able to connect with McCain

By: Jl

Jl — Wed, 05 Nov 2008 02:05:32 +0000

Obama is being projected to win Penn. Looks like the betters have this one in the bag. It’s early yet.

By: Justin Soniat

Justin Soniat — Sun, 29 Jun 2008 22:10:49 +0000

The current prices of gas should not be all that surprising. Many predictions stated that a gallon of gas would cost around $4 this summer. Consumers are only noticing now because it is directly affecting their budgets. Sen. Obama’s plan may be beneficial, but government intervention doesn’t necassarily fix economic problems. Both Obama and McCain plan to change a policy enacted by then President Bill Clinton. While I also agree that investigating alternative fuel is a worthwhile investment, its benefits will not affect consumers in the near-future. For a more immediate impact, consumers should make a dedicated effort to reduce consumption. Improving maintenance of vehicles and planning of outings that require driving will reduce consumption for the individual. Lowering the demand for oil will cause prices to decrease and allow for greater preservation of oil.

By: Aarion Lyons

Aarion Lyons — Sun, 29 Jun 2008 09:26:21 +0000

It is constantly being brought to my attention about gas prices, gas crisis, and future gas shortages. Honestly, I think I agree with Erika Andrews. I think Senator Obama and future Presidents should look for more alternatives to gas. I think we should realize that even if the gas price issue is solved, that still leaves a problem of global warming and how gas emission from our automobile, big or small, affect that. It seems as though today: gas prices, and tomorrow something else. I don’t know what to think anymore. I look on the news and people are steadily complaining about gas prices and how we can just solve the problem by drilling in our reserves. The truth is that there is no easy way to fix this problem. Plus, it has been recently drawn to my attention, that some countries are going to be given, or already have, permission to drill off of the coasts of Cuba. This, in itself, is a threat to America because people drilling could be tapping into our reserves. There is always one person saying that they are more right with the other. I think that America should focus more on America, drill our own soil, and only trade with other countries to strengthen our trade and trust with other countries. We need to re-evaluate what is good for our country in the long-run rather than worry about the now. The decisions we make right now will effect the FUTURE, and whether or not, Obama sits with the president or leader of any nation, someone will not like it,and it will cause a chain-reaction of something else to happen. Inflation is inevitable. I think we need to find alternative ways to almost everything to prevent stuff like this controversy from happening.

By: Erika Andrews

Erika Andrews — Sat, 28 Jun 2008 03:51:03 +0000

Perhaps Sen. Obama should focus on developing alternatives to oil, such as Ethenol gas. Obviously, the demand for less costly transportation is rising rapidly. If there were cheaper, more efficient substitues, the demand for oil would surely decrease. Thus, saving it for the future and decreasing the current price. The key here would be for corn producers to stay competitive in their pricing. Surely, this raises the concern that the production of corn would inhibit the production of more important crops such as wheat and make those lands less fertile for future use. However, when this method becomes overwhelming, we can then resort back to oil as our primary source of gasoline. It seems to me that it could work, at least for while. The greatest thing about our economy combined with the peoples’ will to “come out on top” is that it always seems to fix itself. However, if people disrupt this cycle by jumping in to fix every problem at the first sight of trouble, the market will be jepordized and cannot “save itself” with the law of demands.