Is it time to boycott OPEC yet?, page 1
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Topic started on 28-3-2004 @ 08:40 PM by cyberzee
What will it take for prices to go back down, Should we boycott? From now on I will buy nothing from the gas station but gas. Soon as they no longer make money maybe they in turn will refuse to buy the gas. Sure for some time things might be hard but soon OPEC will cave! BEGIN THE BOYCOTT NOW!!! FART ON OPEC!

Read:

U.S. Gas Prices Hit New Record High

Mar 28, 8:07 PM (ET)

By TIM MOLLOY

LOS ANGELES (AP) - Gasoline prices across the country climbed another 3 cents in the past two weeks to a record-high average of $1.80 per gallon for all grades, according to a study released Sunday.

There is little chance of prices falling significantly in the near future, because increased demand will likely result from an improving economy, Memorial Day travel, and even the extra hour of light from daylight savings time, said Trilby Lundberg of the Lundberg Survey of 8,000 stations nationwide.

"The demand push this time of year is adding to supply tightness and therefore price," Lundberg said. "I don't see any recipe for substantial gasoline price cuts anytime soon."

Friday's average price surpassed the record of $1.77 set in the last Lundberg Survey, conducted March 12. But when adjusted for inflation, pump prices remain well below levels reached in the early 1980s.

Even if the Organization of Petroleum Exporting Countries decides at its meeting Wednesday to cancel plans to reduce oil production April 1, growing demand makes it unlikely prices will fall much, Lundberg said. Worldwide demand for crude oil is increasing along with U.S. demand for gasoline, she said.

Gasoline prices are up 29 cents per gallon nationwide since late December, Lundberg said. The national weighted average price of gasoline, including taxes, at self-serve pumps Friday was about $1.77 per gallon for regular, $1.87 for midgrade, and $1.96 for premium.

Gasoline prices usually rise between March and May as refiners temporarily shut down their plants to prepare for the peak summer driving season, when special clean-burning blends of fuel are required.

Adjusted for inflation, the current price fell short of the record set in March 1981, when a gallon of gas cost the equivalent of $2.85 in today's dollars, Lundberg said.


reply posted on 30-3-2004 @ 12:07 AM by outsider
While it would be nice to hit em where it hurts, I have the feeling that a boycott would hurt us more than them.

If I decided to quit buying gas. I'd lose a couple hours of my time a day riding public transportation. Either I sacrifice money making hours or my free time. The revenue's collected by the local & federal government in the per gallon gas tax would eventually hurt them & they would have to come up with a new revenue stream & or sacrifice services.

There may be a way to do a coordinated boycott of a specific company (as has been suggested), that own both the refineries & stations. That would be complicated though because there are many generic stations that we'd have to know where the fuel was coming from. Also, it would be important not to hurt the mom & pop folks as well. We would almost have to create a list of stations.

I do realize that opec controls the price of crude, but from what I've read, that the actual price of gas is manipulated more by the refineries than OPEC. That type of boycott might hurt a refinery & or a specific supplier, but the oil would be sold anyway & thus if your idea was to hurt OPEC that would not work.

While I'm sure there's several different business models for gas stations I would like to know who actually owns the oil refinerys & who owns the gas stations. Then maybe we'd have a clearer picture of what's happening instead of so much speculation & bs.

Maybe a chart of where the oil comes from who, sells it to who and so on. What is really important is who are these people, how much do they get for what they contribute etc. We all know the shell (not oil) game played by companies that own companies who own companies. I don't have a problem with folks getting rich for making good choices, but I do have a problem when it gets to the point of manipulating world economies and we don't even know who they are.

BTW - I have friends in the oil business on the extraction side & they have nothing to do with the price of crude, but they're more than happy when they get paid more for it. Some fields cost much more to retrieve the oil then others and as the price goes up it & technology for extracting the oil gets better it allows for oil production on fields once considered dead.

In my opinion using less oil will just result in higher prices in the long run and will only help them extend their wealth and control over us.

The only hope lies in alternative sources of energy such electric cars that can be powered by batteries that have been charged with solar, wind, water etc.

On the other hand. Gas has been more expensive in the past than it is today. With the exception of a few places gas is more expensive in most places in the world and many double & triple of what we pay today.

Those who own the land the oil is on can charge whatever they like. Why do they have to all be bad guys & terrorist just cause they got a good gig going. Do you think it would be any cheaper if we owned all the oil? Maybe for us, but we'd still charge the rest of the world what we could get.

Demonizing OPEC is not the answer, I doubt they have much if anything to do with what's happening in the US today. The get stinking rich quick culprits who manipulate the energy market are the demons, but they are well hidden by their counterparts in the corporate controled media.



[Edited on 30-3-2004 by outsider]

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