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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (237859)	6/18/2005 3:23:40 PM
From: SilentZ	Read Replies (1) \| Respond to of 1578718

>How much of the price of gas really reflects the cost of pumping it out of the earth? And how much of it reflects demand, speculation, taxes, and OPEC's control of supply? Not sure, but over the last two years, I think speculation has taken a larger share than in the past. -Z

To: Tenchusatsu who wrote (237859)	6/18/2005 3:26:11 PM
From: combjelly	Respond to of 1578718

"Maybe that's the best argument FOR supporting biofuels, hybrids, etc., using government tax breaks and grants." You betcha. However, we have to have some follow through. Dumping R&D every time the price of oil drops means that nothing ever gets done.

To: Tenchusatsu who wrote (237859)	6/18/2005 4:12:39 PM
From: tejek	Respond to of 1578718

Hence the reason OPEC doesn't totally have the whole world by the balls. They realize that there are alternatives to oil out there, which means they only have so much room to jack up prices before we resort to the alternatives. Maybe that's the best argument FOR supporting biofuels, hybrids, etc., using government tax breaks and grants. True, such solutions theoretically go against the free market, but thanks to OPEC, the oil market isn't that "free" to begin with. OPEC doesn't have the world entirely by the balls because it doesn't control as much of the world's oil as it once did. Countries like Russia, Norway, Mexico, Canada, Malaysia, East Timor, Brunei, etc.......all are net producers of oil and are not members of OPEC. Only the OPEC nations of Iraq, Nigeria and Saudi Arabia have any sizable reserves left. ted