His point of drilling in Alaska causing prices to go down is in the same tone as hurricane Ike causing prices to go up. Prices for gasoline were going up from estimates alone. Would they not go down for the same reason?

His point of drilling in Alaska causing prices to go down is in the same tone as hurricane Ike causing prices to go up. Prices for gasoline were going up from estimates alone. Would they not go down for the same reason?

 

 

 

Like I said, it hasn't got much to do with "estimates". It has to do with the refining and transportation of oil, and the price per barrel. When the hurricane struck, it hit oil refineries hard. There was then a shortage of workers/places of operation to refine the oil, transport it, and distribute it, so therefore the prices went up. It was estimated, it's simple cause and effect.

His point of drilling in Alaska causing prices to go down is in the same tone as hurricane Ike causing prices to go up. Prices for gasoline were going up from estimates alone. Would they not go down for the same reason?

 

 

 

Like I said, it hasn't got much to do with "estimates". It has to do with the refining and transportation of oil, and the price per barrel. When the hurricane struck, it hit oil refineries hard. There was then a shortage of workers/places of operation to refine the oil, transport it, and distribute it, so therefore the prices went up. It was estimated, it's simple cause and effect.

 

 

 

 

 

Prove it. ;) I'm am e-mailing my dad atm cause he has proof, but he's in Germany so it may be a while, but I remember gas prices going up before Ike even came close to America. ;)

Prove it. ;) I'm am e-mailing my dad atm cause he has proof, but he's in Germany so it may be a while, but I remember gas prices going up before Ike even came close to America. ;)

 

 

 

Prove it he says. This guy.

 

 

 

http://www.enterstageright.com/archive/ ... prices.htm

 

http://auto.howstuffworks.com/gas-price.htm

 

 

 

There you go. I hope your dad can read.

His point of drilling in Alaska causing prices to go down is in the same tone as hurricane Ike causing prices to go up. Prices for gasoline were going up from estimates alone. Would they not go down for the same reason?

 

 

 

Like I said, it hasn't got much to do with "estimates". It has to do with the refining and transportation of oil, and the price per barrel. When the hurricane struck, it hit oil refineries hard. There was then a shortage of workers/places of operation to refine the oil, transport it, and distribute it, so therefore the prices went up. It was estimated, it's simple cause and effect.

 

 

 

That would be true, except for the fact that Ike stayed away from refineries. Gas prices went up because of everyone saying they were going to, and oil companies took advantage of that. And, actually, saruman is exactly right about why gas prices go up. All it is is speculation on the oil companies part. Each day, a very small amount of gas is consumed compared to the supply we have. But if the consumption is greater/less than the day before, prices are raised/lowered speculating that the trend will stay the same. However, I don't think that drilling in Alaska would lower the prices. Even though companies will know that oil is eventually coming, their greed will control them, and prices will stay the same or only lower a few cents because not enough oil is entering the market. I don't think they have a problem profiting from guessing, but they want to maximize their profit.