Can We Blame Laffy Gaddafi for Todays Gas Prices?

[AVG-JOE]

Should we? Does the world need to be rid of him? Why is there discussion of 'ground troops'? Can we not simply bomb Tripoli into rubble and see what crawls out? Should we? I think fair warning to the populace at large with 48 hours for L.G. to give himself up is fair...

What a stupid FUCK he is wasting the time and resources of the children of earth for his ego! And what kind of mercenary whore would call themselves a 'supporter' of that idiot?!? Oh yeah... That RICH idiot! That's what kind of whore kills for a little prick like Gaddafi!!

The People of Libya are already organized enough to harvest and sell some of the oil that rightfully belongs to them..... If we do level Tripoli and see what The People of The Great State of Libya set up for themselves, I'll bet you a dollar that the oil flows faster and prices stabilize sooner than if we do ANYTHING else. Besides, Laffy Gaddafi and his kind are baggage that kind of belong to the children of Europe, historically speaking.

 

[strollingbones]

no, we should place the blame strickly on our refusal as a culture to understand that we should not place ourselves in the position of needing a resource we dont have or dont have enough of...we need to cut our dependence on oil period..domestic or foreign and focus on a future energy and a future mod of transportation...

i just find it odd that no high mileage cars are coming out...30 mph just doesnt get it now days

 

[slukasiewski]

No - we should blame our Commander In Chump, as soon as he returns from vacation

 

[Claudette]

Nope.

Libya sells 70% of its oil to Europe.

You can blame the high gas prices on speculators.

 

[Herbie Hancock]

There is plenty of blame to go around.
1) instability of Libya as well as around the middle east is not helping..........
2) leading to yes speculation raising prices
3) the BP spill has made a left wing radical president less likely now to drill than he was before, which was near zero
4) If he were to lessen restrictions on NEW leases the price would drop, history proves this
5) We should be drilling everywhere we can get at including ANWR, oil shale, and yes be investing through private sources in alternative energies
6) This isn't just Obama's fault Bush had majorities in both houses and didn't open up drilling in ANWR likely because he didn't want to appear to cozy with the oil companies, which in the end didn't matter
7) The pricing will fluctuate every two-three years or so with the change of the wind and only then does the topic come up with oh shit what do we do now.

BTW, to a previous poster, there is plenty of oil out there to keep current and future consumption running for a long time, so your premise that we need an alternative now is incorrect.

 

[Mad Scientist]

Nope.

Libya sells 70% of its oil to Europe.

You can blame the high gas prices on speculators.

Libya only pumps 1.5% of the worlds oil so gas prices should have only risen a MAXIMUM of: 1.5%.

So yes, the blame can be laid at the feet of speculators and those that control the flow of oil and refining of gasoline.

 

[AVG-JOE]

Do we, as a part of 'the children of Europe' bear any responsibility for cleaning up the messes that Western 'Civilization' basically created in our propping up of some of these regimes?

Does there remain a noble use of 'war'? If not this situation, what?

 

[waltky]

Investment funds gettin' fat off rising oil prices...

Oil Price Rise Fueled by Investment Funds
April 22, 2011 - As the price of crude oil rises on world markets, complaints from consumers, industries and politicians are also on the rise. Some blame the Organization of Petroleum Export Countries, the cartel known as OPEC, while others blame unrest in the Middle East and North Africa and still others blame market speculators.

U.S. Attorney General Eric Holder has formed a Financial Fraud Enforcement Task Force Working Group to look into possible fraud in energy markets, but the price may be driven more by investment trends. Energy analysts see some of the usual factors driving oil prices this year, including increased demand in rapidly developing nations like India and China, restrictions on drilling in some areas like the eastern coast of the United States and unrest in oil-producing countries like Libya. But petroleum has also become a favored asset for investors looking for future profits and their dollars sometimes distort the market.

Most investment money these days, from individual investors as well as from institutions, charitable groups and even governments, is now in various types of managed funds. Tom Kloza of the Oil Price Information Service says the managers of those funds can have a big impact on commodity prices, including the price of oil. "Probably no one is breaking any rules, but a couple of key strokes by a money manager can move millions and billions of dollars into a market, and affect the price of something which is a life blood for consumers and people on the margins of society all over the world," said Kloza.

He says governments can't eliminate all speculation from the market, but that some kind of regulation is needed, especially outside the United States. "I think unfettered is unforgivable and oil futures markets, particularly offshore, are largely unfettered," he said. Speaking at a meeting in Kuwait this week, OPEC Secretary General Abdalla El-Badri said world oil prices are now being driven more by speculation than supply and demand. Kloza and other analysts do not believe speculation plays a large role in the price rise, but they are not putting all the blame on OPEC either.

Saudi Arabia, the OPEC member nation with the world's largest reserves, has cut back on some of its production, thereby limiting supply and driving up prices, according to OPEC critics. But Tom Kloza believes OPEC leaders themselves are concerned about high prices. "I think that many of the moderates, the doves within OPEC, are very uncomfortable with where prices are heading, because if we keep heading at this pace, we will open the door for some alternative technologies that would otherwise need subsidies or some sort of government give outs," said Kloza.

MORE

 

[AVG-JOE]

Investment funds gettin' fat off rising oil prices...

Oil Price Rise Fueled by Investment Funds
April 22, 2011 - As the price of crude oil rises on world markets, complaints from consumers, industries and politicians are also on the rise. Some blame the Organization of Petroleum Export Countries, the cartel known as OPEC, while others blame unrest in the Middle East and North Africa and still others blame market speculators.

U.S. Attorney General Eric Holder has formed a Financial Fraud Enforcement Task Force Working Group to look into possible fraud in energy markets, but the price may be driven more by investment trends. Energy analysts see some of the usual factors driving oil prices this year, including increased demand in rapidly developing nations like India and China, restrictions on drilling in some areas like the eastern coast of the United States and unrest in oil-producing countries like Libya. But petroleum has also become a favored asset for investors looking for future profits and their dollars sometimes distort the market.

Most investment money these days, from individual investors as well as from institutions, charitable groups and even governments, is now in various types of managed funds. Tom Kloza of the Oil Price Information Service says the managers of those funds can have a big impact on commodity prices, including the price of oil. "Probably no one is breaking any rules, but a couple of key strokes by a money manager can move millions and billions of dollars into a market, and affect the price of something which is a life blood for consumers and people on the margins of society all over the world," said Kloza.

He says governments can't eliminate all speculation from the market, but that some kind of regulation is needed, especially outside the United States. "I think unfettered is unforgivable and oil futures markets, particularly offshore, are largely unfettered," he said. Speaking at a meeting in Kuwait this week, OPEC Secretary General Abdalla El-Badri said world oil prices are now being driven more by speculation than supply and demand. Kloza and other analysts do not believe speculation plays a large role in the price rise, but they are not putting all the blame on OPEC either.

Saudi Arabia, the OPEC member nation with the world's largest reserves, has cut back on some of its production, thereby limiting supply and driving up prices, according to OPEC critics. But Tom Kloza believes OPEC leaders themselves are concerned about high prices. "I think that many of the moderates, the doves within OPEC, are very uncomfortable with where prices are heading, because if we keep heading at this pace, we will open the door for some alternative technologies that would otherwise need subsidies or some sort of government give outs," said Kloza.

MORE

To gasoline leveling off at $7.50 per gallon, inducing the research required to scrap oil as the fuel of choice in transportation.

 

[LibocalypseNow]

No. In fact we can probably blame the U.S.,Allies,UN,and NATO for escalating this War. Their bombings have only made this War so much worse. How many Civilians have they killed so far? We had no business getting involved with their Civil War. This Libyan War is unjust and illegal. I'm ashamed of our Politicians who got us involved with it.