Archive for October, 2008

Why Is Commodity Futures modernization act by McCain Advisor Phil Grahm tied to increase in gas prices?

gas futures
Nuts !! asked:


What’s the london dubai loophole?

Will gas prices start to go back up after the election?

gas prices
I LOVE PETA AND I’M GAY asked:


Is there a connection between the lower gas prices this last month or so and the upcoming election? Once the election is over will prices rise again?

Pressure on Govt on Gas Pricing

gas prices
asked:


More trouble is brewing for the next round of exploration acreage auction, with more companies and investment bankers expressing nervousness over political pressure on the government to renege on contractual commitment to allow market-pricing of oil/gas from new finds.

The latest to join the chorus on the issue is British major BP (formerly British Petroleum). The TOI had on July 10 first reported that Chevron, Niko, BG (British Gas) and Hardy had written to the government expressing apprehensions over the government reneging on the terms of contracts due to political interference. Such views among global majors will hit efforts to attract investments during the coming auction.

In a letter to oil minister Murli Deora, BP’s India head Ashok K Jhawar says, “Were the government to consider the reintroduction of some form of administered pricing for natural gas, we would be concerned since, as a long-term investor in India, of primary importance to us is fiscal stability for the life of our contract”.

“Subsidies in energy pricing should come at the consumer end, not at the exploration end, otherwise experience shows that countries which set an unrealistic well head price of gas suffer from lack of exploration and development since investment tend to flow to higher-price locations.”

Even investment bankers are getting jittery over demands from Andhra CM YSR Reddy and state-owned entities that will require the government to renege on contractual commitments. ” Investor nervousness increases when government arms like NTPC and a chief minister, who is from the same party ruling the Centre, challenge existing law and policies,” a Singapore-based investment banker said on condition of anonymity.

Though oil/gas is a Central subject, Reddy has rejected market-pricing for gas from Reliance Industries’ find off his state’s shores and is pressuring the PM for preferential pricing and first right of use. NTPC, which has dragged Reliance to court on the liability clause of a gas sale agreement, is also asking the government to take its share of profit in kind. A panel of secretaries is now grappling to form a gas pricing policy, which could undo the benefits of auctioning acreages.

“Investors are not worried about court battles. But when ruling party voices oppose a policy (acreage auction) that had been put in place by Parliament and received wide support from parties that rule today as well as those in the opposition, it signals a politically risky situation to be pumping money,” the investment banker said.

How to Save Money When Gas Prices are Rising

gas prices
sunshine01 asked:


The price of gas keeps rising up at a high lever, and people all around word worry about it. What can we do, facing this kind of situation? You will always find some way to keep your money in your pocket as long as you keeping your eyes open.

You should collect information of the prices of gas, which are set by oil companies. For doing this, they can sell the oil, and you can’t control it. The only thing we can do is to be smart and sensible. Watch the news and visit news Web sites for information. As gas prices rise, we all get more interested in saving at the pump. Finding gas prices lower than the norm has become big news. Change your perception of gasoline. Remember that gasoline is a necessity, not a luxury or something you deserve. Oil prices will go down if oil consumption goes down first. The consumers use a huge amount of gasoline each day, and if every consumer reduced their gasoline consumption by just one gallon per week, it would make a big difference.

The way you drive your vehicle should be change. Drive your car as less as possible. This means consolidate your driving. Reduce your errands so that you drive your vehicle less. On your way back from work, if you drive past the supermarket, take that as a chance to do your grocery shopping. But make sure that your stops are on the way. You won’t be saving gas if you’re going off your way, even if you do everything in one trip. Fortunately, I’ve been adhering to this tip even before this oil crisis. I live in an apartment with a small garage, and getting in and out of it is not the most convenient. Maybe the tip should really be to find an apartment with a tiny, overcrowded garage.

A hybrid car or a free car provided by ad companies is another option. To drive around in this kind of car will save you a lot of money, even though you also need pay for gas. But there is no need for you to worry about car payment and pay your car maintenance.

Gas Prices Breaking the Bank? How About a Water Powered Car?

gas prices
Ron Subs asked:


We’re in a definite crisis here. Gas and oil prices are extremely high in the world. And consumers are looking high and low to find some relief. Companies have been making water powered cars for a very long time. And just now they’re strutting out on the public scene like a tourist in Miami.

People everywhere are perking their ears up and opening their eyes wide at the possibility of using water to run their cars instead of expensive fuels. It’s not complex at all to run a car on water. The cars just operate using hydrogen. The hydrogen is put into the car’s fuel. And on earth, you just can’t run out of hydrogen. It’s in the form of water. And water is everywhere.

There’s a lot to smile about when it comes to water powered cars. They’re really great for the environment. A lot of regular cars fill the air with carbon dioxide as they run. Water powered cars are much better with carbon dioxide emissions. And people are saying they experience increased mileage when drive cars that are fueled by water.

Water powered cars are the same size as regular cars and they are designed the same way. They don’t look like alien air crafts or any other unconventional looking car you may have considered. Water cars look the same as the regular cars you are used to seeing on the roads. You may be able to pick a water car out on the roads. But that’s only because you’ll notice that water powered cars are so quiet in comparison to regular cars.

There’s really no question about it. Gas prices are increasing and people haven’t found a way to stop prices from going up. As an attempt to cure their money woes, some people have begun purchasing hybrid cars, or cars that run on electricity.

Others have gone out and bought things to turn their cars into cars that can operate on water. And it’s not abnormal for some people to shake their heads at the thought of a car running on water, but there are many instances where this has occurred. Trucks drivers are converting their vehicles in to water cars. Since, truck drivers drive so much, they are very negatively affected by the increase in gas prices. So a truck that runs on water is much less pricey than a truck that runs solely on gas.

There are really two roads to go down when it comes to saving money on gas. You can purchase a hybrid car or make the car you have operate on gas and water. The option is up to you. You may find that converting your car to a car that runs on water is much less expensive than the hybrid car option. And you won’t have any problem finding a kit to turn your car into a water powered car. But you can’t just purchase a water car kit from anywhere. Go to a source that you can depend on.

You’ll have an easy time installing the kits. And if gas prices drop back down again, you can always reverse the process.

Soaring Gas Prices Usa – 7 Tips – Fast Ways to Save Big at the Fuel Pumps

gas prices
Aaron M Phillips asked:


With Gas Prices in the USA going out of sight, here are 7 tips that can have you saving money on gas fast. If you practice them all, you may even double the mileage you get on a gallon of gas! That may seem a bit far fetched but it really is possible with some vehicles. So, in reverse order (the best is last) here are 7 tips to help you conquer high Gas Prices – USA:

High Gas Prices USA – Tip #7 – Use Overdrive Gears

When you use overdrive gears, your car’s engine speed is reduced. The slower engine speed saves fuel and lowers engine wear.

High Gas Prices USA – Tip #6 – Use Your Cruise Control

Using your cars cruise control on the highway helps you sustain a constant speed and, in the majority of cases, will help you save gas. Note that you should not use your cruise control around town or in heavy traffic.

High Gas Prices USA – Tip #5 – Avoid Excessive Idling

While idling your car is getting 0 miles per gallon. Cars with larger engines typically waste more gas at idle than do cars with smaller engines.

High Gas Prices USA – Tip #4 – Eliminate Surplus Weight

Stop keeping needless items in your car, particularly heavy ones. An extra 100 pounds in your vehicle could shrink your mileage by up to 2%. The reduction is based on the percentage of excess weight relative to the vehicle’s weight and affects smaller vehicles more than larger ones.

 Fuel Economy Benefit: 1-2%/100 lbs

 Equivalent Gasoline Savings: $0.04-$0.08/gallon

High Gas Prices USA – Tip #3 – Observe the Speed Limit

While each automobile attains it’s best possible fuel economy at a different speed (or range of speeds), gas mileage usually decreases rapidly at speeds over 60 mph. You can estimate that for every 5 mph you drive over 60 mph is like paying an extra $0.30 per gallon for fuel. Observing the speed limit is also safer.

 Fuel Economy Benefit: 7-23%

 Equivalent Gasoline Savings: $0.29-$0.94/gallon

High Gas Prices USA – Tip #2 – Drive Sensibly

Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower your gas mileage by 33 percent at highway speeds and by 5 percent around town. Sensible driving is also safer for you and others, so you may save more than gas money.

 Fuel Economy Benefit: 5-33%

 Equivalent Gasoline Savings: $0.20-$1.35/gallon

High Gas Prices USA – Tip #1 – BEST TIP: Convert your car to a Hydrogen Hybrid

When you do it yourself (you don’t need to be a mechanic), you can convert your car to a Hydrogen Hybrid for less than $200 total and no modifications to the engine are required. Your car will run smoother, have less harmful emissions, and you can easily have 20% to 50% better fuel economy. Although one 1990 Jeep I know of went from 17 MPG to 35 MPG with this conversion, that is a bit unusual. The average is a 20-50% increase in mileage. Additional cars can be converted for about $70-$80 per car because the total above includes buying the ‘how to’ instructions.

 Fuel Economy Benefit: 20-50% (or more)

 Equivalent Gasoline Savings: $0.68-$1.89/gallon

 

This collection of tips is just tips unless you use them. Using them will undoubtedly reduce the amount you spend at the pump regardless of what Gas Prices are in the USA.

Note: Cost savings are based on an assumed fuel price of $4.08/gallon.

What Can Be Done About the High Gas Prices?

gas prices
Ron Subs asked:


We’ve all watched them over the past several months and the gas prices just continue to get higher and higher. So what can we do? We don’t want to be dependent on foreign oil anymore, so the option of walking, riding a bicycle, etc is only a temporary solution to our problem. However there are two viable solutions. One is to purchase a hybrid hydrogen or water powered car. The second is to convert your current vehicle into a water powered car. This solution is probably the least expensive of the two solutions. There are several kits on the market, which will enable you to convert you vehicle into a water powered vehicle. You will need to make sure you purchase your kit from a reputable dealer. The kits are simple to install and is just as easy to remove should you want to revert back to gas powered.

The first water powered car was created in 1805 before the creation of gasoline came about in the 1870s. So t he technology for water powered cars has been around for over two centuries. Because the creators have all met with some untimely deaths, t here are speculations as to why and who.

It has been reported by those who are driving the water powered cars their gas mileage has increased by 100%. This is just one of the many benefits of the water powered car. These cars also produce and emit less carcinogens in the air than their gas powered counterparts. Using water powered cars are environmentally friendly. It we release fewer and fewer carcinogens the air will be cleaner, the ozone will heal and global warming will cease. One of the other benefits to using water as fuel in our vehicles is the fact these cars are very quiet and have no vibrations when they are running. Also you might want to remember that hydrogen is the most plentiful element on this earth because it is in the form of water.

If you are skeptical as to whether or not water powered cars actually work, some truck drivers have already converted their trucks to use water as fuel. The freight trucks do a lot of traveling. Our stores would not have any products on their shelves, if the freight trucks did not bring them merchandise. The freight trucks are the lifeline of this country. Life would be much harder on us if the freight trucks stop running. Some models of cars have been made to use water as fuel. So the idea is becoming more and more popular.

What happens with future gas prices?

gas futures
rosey-chick asked:


The promise of alternative fuel for cars will cause the automotive companies to make cars that will cast outrages prices. The cost for the Hybrids today are out of my price range. So those of us who can’t afford the prices of the cars today, how are we suppose to afford the cost of the future cars and if they are still gas fueled cars,whats the cost of gas going to be then?

Are the High Gas Prices Eating at Your Wallet?

gas prices
Nocita Carter asked:


I don’t know about you, but the continued increase in the cost of gas that we are paying at the gas pump is kicking me where it hurts! What’s that you say? I say in my wallet and I’m sure you may be feeling this same pain as well. I’m sure you’re wondering like me, how high will the gas prices go? Some predict that the fuel prices may escalate to $10.00 or more a gallon at the pump. I don’t know about you, at that point or even possibly sooner the price hitting that level, there is really no point in going to work! You would be probably working to pay for gas to go into your vehicle and virtually nothing else. Most people are average folks just trying to make it in our economy and it would be difficult for them to manage paying high gas prices that continue to go up! As a matter of fact, it may already be difficult for some people. We are already at record level gas prices at the present time. In some places the price for regular unleaded gas is already over $4.00 per gallon and steadily approaching $5.00 per gallon as of this writing. It appears that the future outlook on the gas prices coming down are bleak and the stress on our wallets will continue.

High gas prices impact almost everything we try to do in some form. That’s right, most everything we do we are impacted by the high price we are paying for gas. The higher gas prices eventually trickle down to cost us more in such areas as: food, clothing, airfare, utilities, entertainment, retail products, etc… Just think, we are getting hit left and right with increased fees in these areas due to the high price that we are currently paying for gas and appears will continue to pay for a long period of time. Some think the high gas prices are here to stay. So much for having extra money to spend on other things! We’re going to be busy trying to put the money we have towards gas for our vehicles to get from point A to point B. We’ll be trying to make sure we have enough money to purchase gas to get to work and necessary places we need to go. We find that we really do not have much money left to spend for unnecessary purchases, entertainment or other activities.

What can we do to help ourselves in these hard times while we’re trying to deal with our anxiety and sometimes anger over these extremely high prices we are paying for gas? Here are some tips that you may want to consider to help you cope. You may find that you have already started to make some of these adjustments already:

1) Consider using public transportation if this is something you can realistically do. The modes of public transportation you may consider would be: bus, train and car pooling.

2) If you have a bicycle, consider using this mode of transportation for local short trips if this would be realistic of course.

3) Go to places that are necessary and actually needed. In other words if it is something you want to do and it is not needed, don’t do it. Consider letting your needs supersede your wants to save in your wallet on gas. For example, necessary trips would be: work, school, doctor appointments, etc….

4) Reduce your leisure, entertainment and travel commuting distances. Consider doing more of these activities at home or near your home.

5) Consider purchasing a vehicle if this is within your budget to assist you in reducing the cost you are paying for your overall fuel costs. Look for vehicles that provide higher mpg(miles per gallon) for the freeway and city. You may want to even consider a hybrid vehicle.

6) Slow down! Reduce your speed on the roadways you travel on. This will also assist you in better fuel economy. Put less petal to the metal!

7) Try to make your trips to the places you need to go count. Make a list beforehand of the places you need to travel and consider consolidating your trips. This means instead of making several multiple trips you combine trips(consolidate) by going to the place you need to go along the way and your list will assist you with this. For example, if you need to go to your local grocery store, cleaners and post office, just plan to make one trip instead of three separate trips back and forth from your home. You would take your list and stop at each place you need to along the way and strategically make sure that you plan your stops based on where these particular places are located. This really can work well if you plan your list ahead of time. Just by doing this you can save on gas!

8) Try to locate and compare prices of gas stations in your area to determine who has the lowest price on fuel and consider going there for gas. A good way to do this is when you are driving to the places you need to go, just observe the gas station prices along the way and you will be able to determine which locations have the best prices for your money.

9) Talk to your relatives, friends, neighbors, coworkers and others on the gas stations they are getting their gas from. You can compare with each other on which gas stations have the lowest prices to get your fuel from. You would be helping each other. This is similar to networking.

10) Make sure your tires are property inflated. This can also assist in providing you with better fuel economy.

11) Count from one to ten and try to relax before you start to pump your gas to assist you in relieving your anxiety and stress over the amount of money you will be paying for the gas you are about to put into your vehicle.

Who knows whether or not we may get some relief on the amount of money we’re spending on gas. However, it is unclear if this will happen anytime soon. In the short and long run we must do what we have to do to help ourselves through this major problem that is affecting our wallets. So, do what you can to help yourself and your family to reduce the amount of money you may be spending on gas.

Why do people think Bush has manipulated the gas prices?

gas futures
I am all that is man asked:


Oil prices, from which gas prices are derived, are driven by the laws of supply and demand. The summer was driving season and is peak time for fuel consumption. In the fall, demand tapers off, before it regains steam for heating in the winter. As such, oil prices are a function of supply and demand.

Theoretically, all the oil companies could band together to push prices down, but that would be extraordinarily difficult.

Bush cannot control the price of gas.

Also consider all of the financial institutions that trade oil futures. They would not gain from depreciation (except from shorting) so they wouldn’t manipulate it either.

Oil prices have dropped roughly 29% over the past 2 months and gas prices have subsequently dropped by 28-30%.
Thank you; I realize what OPEC is.

I also realize that individual countries produce beyond their OPEC-mandated quotas in order to generate more revenue. I also realize that the planned OPEC production cut is likely to affect MAYBE 1/2 as much as they say it will because member countries do not want to lose that income stream.

Also, OPEC provides 1/3 the world’s oil, which is, of course, a huge number, but that still leaves 2/3.

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