N.B.- Slumlord has hit on a subject that the Polititions largley avoid.. From a book issued a few years ago called the "Population Bomb". There's no way the price of commodities like oil can stay low, when there is a never ending increase in demand.. Historians have estimated the world's population around year 1800 was about 1.25 -1.3 billion. It's now headed for "8" Billion!.. Hence amongst other things, the push towards electric cars.. But, I don't see that as a panacea either, but that's a subject for another format..        


Paul

N.B.- Another  thing causing the rise in prices is the " insanity" happening over in the Ukraine.. Apparently that country has some of the best agriculture land anywhere near Russia. And fairly well developed industry also. Putin & company want to take it back, at any cost!.  Uncertainity seldom results in lower prices of major commodities..  


Paul

"FREE SAMPLE"

I've said for decades that if we don't do something to slow or stop the population increase mother nature will and she will not be nice about it. The planet cannot continue to support an increasing population. Gasoline is one of many problems. When we start running out of food and water things will get nasty really quick. Hope I'm long gone before that happens but I worry about my kids and grandkids.

If you think the prospect of fuel shortages are worrisome (you can always walk), think about ‘food’ (what to eat then?).  It likely takes 10X the resources to produce meat/dairy than veggies & grains (much of which now goes to feed livestock instead of people).  Glad I won’t be around when that 8 billion becomes 16 billion starving people! Things could get tense.

6 VOLTS/POS. GRD. NW INDIANA

Blacktie, is on to something all the Politition's never talk about. He mentions that Calif's population has tripled since 1955!. Hense Water shortages, Wildfires etc. And up here in western Canada record floods etc. Still our esteemed (?), Canadian  Prime Minister is inviting 200,000+ people a year to come to Canada! .And we wonder why housing prices here have doubled in just a few years & the price of fuel has also doubled etc.. And then of course Covid 19 hit.. Mother Nature is rebelling!.  As one of my car buddies says & he's seen a lot in his now 90 years.. "too many people".  Winston Churchill, a man who had seen a lot in his life time, said many years ago, a couple should only have 2 children, 3 at the most, because you might lose one. The World is moving towards 8 Billion people!!.  Historians have estimated that in year 1800, the world's estimated population was likely about 1.3 Billion..  And we wonder why comodities like Gas keep climbing in price?....             


Paul

If the oil companies can sustain/increase profits by selling less gas, there's no incentive for them to produce more. When it's gone, it's gone. Producing more could result in a surplus, in which case prices will come down. Buying less gas will have the same effect, but how many people are willing/able to do that?

Two years ago, nobody would touch an oil company's stock and banks wouldn't lend money for oil investment. Most US refineries are between 50 and 120 years old, with the average age right about 40. When you make oil enemy number one before you have a working alternative, this is what happens.  Blaming oil companies is not going to fix the problem. The government should call all the oil executives to the white house and ask them what can be done.  This will never happen because those in power don't want to hear it. 

I apologize for pushing the thread a little off subject but check Exxon Mobol stock (XOM) for the last 12 months..............

64F100 57FAIRLANE500

I heard a report that said exxon-mobil profits have doubled over the last few months.


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