Will price of gasoline go down when war in Iraq is ended?

It takes a lot of gas to fuel a war. Tanks, jets, Humvees, helicopters, and other vehicles drink fuel with no thought of miles per gallon. This fuel is diverted from the marketplace and has a large impact on the present market price of oil.

However, it all depends on the stability of Iraq, whether or not the oil makes it to the marketplace, once the war ends? No doubt, we will leave a few troops there to guard the oil wells. After all, that is why we are there. So long as they can IV that vital product into our polluting machines, that is all that matters. We will soon forget whether or not they have freedom or democracy.

I think the price of gas has more to do with the condition of the $ than anything else. There are many places in the world, particularly in oil-producing nations, where gas is pennies per gallon.

Mission Accomplished.

I saw a program on CNN a couple weeks ago that was showing people "how to get the most out of their gas dollar". Not a single person in the audience on that show was asking why we have to put up with this crap.

Only when The People seize control of the American Government from the oligarchs.

This will take more than electing Obama, unfortunately. That will be a small step forward, however.

The price of gas will go down next year when we have a Democrat for president. It may even go down this Fall when the Republicans try to look good for the November election. The Chinese and Indians are not to blame for the high price of oil.

...when the Senator Obama is elected in November. Big Oil has no dog in the Obama camp, we know it, they know it and if they want to maintain a somewhat more reasonable level of profitability they are going to roll back prices to prevent the call for and eventual signing of legislature of an onerous Big Oil windfall tax.

Gee, and they though a campaign comprised mostly of small donors wouldn't work.

Oh, and for you fucks at Big Pharm, Big InsuranceLie, and Big Farm you're next.

like this war ending. More optimistically I actually believe unlike a lot of people that some day the billing will stop as well.

It's just used to help spike the price on the commodity markets.

Although the occupation of Iraq is a factor, energy company corporate greed is a factor, futures speculation is a factor, and politics maybe a factor -- the truth is that there is simply a declining supply vis-a-vis demand.



Too many Americans are looking for a scapegoat or a conspiracy to blame for the price of a gallon of gasoline today -- but mostly it has been our profligate and wasteful use of petroleum over the decades that explains why we have so soon reached the peak of production for cheap, easy to pump oil.

So, while there will be ups and downs based on a variety of tangential factors, the new reality is that oil is going to cost a lot more from here on out.

:grr:

I hope it will go down but I won't hold my breath.

How many gallons in a barrel? Is it still 55 gallons? That means they could still make a profit if were a dollar per gallon? It's time for something to happen. Either windfall profits tax or consider nationalizing the oil industry. They are robbing us blind.

Years ago, when oil finally stabilized at around $14 a barrel, companies started shutting in the domestic wells because the bidness did not want to sell their oil at that price. One of the top execs I know said at that time that the companies could make a decent profit (maybe not a complete killing) at $14, but he laughed and said, "They're not gonna do that." So, shut-in wells equal reduced profits and thus, no WPT.

Once the market became destablized again (hmm, Reagan years?), the oil went up and pumpjacks got back to work.

Yes, still 55 gallons in a barrel. I think a gallon of oil makes about 2/3 gallon of gas.

Sorry.

The prices will come down a little around election time as a last ditch effort to pump up McSame to try to make it close, probably from about $5/gal to about $4.75, but that's about it. We already know we'll never see sub-$3 gas again. Probably won't ever see sub-$4 after Memorial Day.

The oil companies are pushing the envelope, finding out how much gouging they can get away with. Nobody is going to stop them. Nobody. There is not enough outcry, no political will to do anything else. Windfall profits taxes will just add that much more to the price at the pump.

Yeah there are a lot of other factors going into the price-setting, but no one really has the balls to stand up to the oiligarchy, who really don't care about the survival of the American economy or its people. It's not their job and irrelevant to their interests.

The price of gas needs to be made moot, but that's years and years away. We are truly f*ck'd, Bush's Folly notwithstanding.

US businessmen with Arabian/Kuwaiti/UAE ties agreed to control the Iraqi reserves, allowing for a supply and demand, manufactured snafu. They used the US military to enforce their profit scheme, and the taxpayer to fund it.

Look at who's getting rich, and who has worked in oil all their lives, and who knows who/who contributed to whos campaigns. Review Fahrenheit 9/11 and ignore the 9/11 bit completely (focus only upon what these people did afterward), and it becomes pretty clear.

If some Iraqis have a problem with this scheme, they may fight back a bit. You would too. That's not a war, it's a resistance.

following the INVASION of a sovereign country. :grr: :mad:



I know you know that, it just gyrates my hormones every time I think about it. :grr:

its deficit spending, and 2)our national debt is reduced enough to strengthen the US dollar.

will come down in price

:shrug:

on diesel??? Wouldn't that just drain the supply out of America? It seems like we could use that diesel over here, and the price should come down.

if you can just pump and atomize the damn stuff.



(Not kidding)

while they're at war versus while they're stateside is microscopic compared to the total world oil consumption.

The main drivers of high oil prices are increased demand from India and China, a speculative bubble created as big investors divert their funds from the lackluster performance of securities into something that's seen huge gains in the last year, and likely collusion among oil producers to keep supply low. None of these factors have anything to do with Iraq.

Supply and demand.

Iraq is #3. Iran is #2. Arabia, UAE, and Kuwait are the rest of the first five. Only Iran need be controlled to allow a monopoly of the top five resources.

http://lugar.senate.gov/energy/security/reserves.cfm

The CIA have been screwing around with Iran and Iraq, both internally and also in terms of getting them to fight each other to destablize the region, leaving it ripe for further "aid" (just like China are "aiding" Tibet).