Someone explain gas to me

I'm thinking it has more to do with politics than world news

so someone explain why gas costs so much to me. As far as I know, it's because China and India are becoming more powerful (something to do with the MADE IN CHINA thing our products seem to have the nasty habit of having)and now want cars and the same standard of living as Americans. Also because Americans only want big and hefty cars and the dollar going down in value

am I missing anything?

It is due to something like buying oil futures. The huge reduction of gas usage in the states vastly outpaces any sort of gas increase due to china/india.

Look it up, we've dropped like 10% since 2005.

tl;dr it's the jews again.

>>2

"Look it up, we've dropped like 10% since 2005."

HUH? did you just pull that out of you're ass?

There is no single reason why oil hit such a high price, its many. Declines in production, unstable global politics and speculators to name a few. But blaming it all on one is dishonest.

>>3
Jews are the reason.

Gas prices are just an issue of supply and demand. People want more, the supply goes down, the price increases. The Republicans are unfairly scapegoated on this.

Let's see..  in order for gas prices to rise 2x on supply and demand alone, China and India combined would need to consume an equal amount of gas as the US..  this clearly isn't the case.

Several interesting things have happened in the last 8 years, most of which are NOT President Bush-related, despite what some libfags would like you to think.

In 2001, CONGRESS de-regulated the commodities exchange (the market which oils, minerals, and crops are traded on. This allowed banks, which have access to a lot more money than the average investor, to engage in trading. This also allowed speculation to be the main setter of price per barrel of oil.

Also, you had mandates passed by congress to increase the amount of ethanol in fuel. Ethanol is more expensive to bring to market and the addition to gas was part of an economic package to help farmers.

During this time, we have increased violence in the middle east, a major hurricane that "threatened" the largest deposit of oil refineries in the US, and China and India allowing more production of cars in their countries.

Increased speculation + more money in market + higher demand internationally + perceived threats against supply lines = higher prices.

If you wanted to bring the price of oil down, you must do several short-term and long term programs that both Presidential candidates are not willing to do:

1) Re-regulate the commodities market (Less money buying in means less people who can buy which means lower price)
2) Stop putting ethanol into gasoline (It increases the cost of the product)
3) Mandate that oil companies use ALL the land they are leasing or force them to give it up (this would force oil companies to drill for oil or give land back to the government, land they KNOW that has oil under it)
4) Issue permission for new refineries to be built (Large bottleneck in production pathway)
5) Allow offshore oil drilling by US companies (The market will react in the sort-term with a drop in oil price on the speculative market and will yield new oil in the long-term)
6) Take money gained from selling of leases to offshore drilling  and ONLY invest in alternative fuel research (These "magic fuels" will get to market AFTER the oil from any new offshore drilling reaches market)

The fact is, local governments make more in TAXES off of oil than EXON MOBILE does. EM makes $0.09/gal while my states and local governments get $0.34/gal... who REALLY is making money hand-over-fit?