I know, as I was going back and reviewing a lot of old threads I thought it was pretty funny...

It's fun to dig through the old threads sometimes...

You know, I was once responsible for over 30% of the posts here? I marked the start of my decline at 25%... Now I think I am responsible for like 10%... Shows how much the site has grown. You've done good Jonny...

It's true... And thanks to people driving less, the price per barrel of crude is dropping. Though I doubt we will see that at the pumps...

It may drop, but it will be a slow process at the pumps. Maybe by the time I filler up next time, which may be in two weeks, gas may drop below $4.00 here in San Diego.

But we shouldn't stop there. If we keep on driving less, then let's hope it keeps on dropping. It is a team effort on the part of all of us who want to see the price of gas to keep on falling.

GasBuddy.com - Find Low Gas Prices in the USA and Canada

The decreased driving is one aspect of the dropping price of crude. Another major point is we are not acting beligerently with regards towards Iran. No songs of "Bomb, bomb, bomb, bomb, bomb Iran ;" no talk of wiping them off the map from us or Iran (toward Israel). This leads to the lessening of tensions. As long as it continues, the drop will continue.
People, there is no oil shortage in the Middle East. The rising prices come from fear of the interruption of that supply that comes along with that tension!
Now, just add a larger down payment for oil speculators on oil futures and options. We might just get these prices back down to a more bearable level for people!

Absolutely right. We can't just go out there and lose our minds while resting assured the prices will come down. We need to continue to drive as little as possible, and to seek out alternatives when possible. It's better for the environment as well as our purse...

Oil speculators are war profiteers.

Oil speculation is betting on future price based on supply and demand. The commodities are all the same and oil is now bought and sold as "value" like gold or copper. The US is a major consumer of oil but our consumption up and down doesn't impact the market price as much as our economy does. If the market fears the US economy will go down then the price of oil will go down because we are a consumer nation that buys the stuff other countries want to sell to us. Much of the market price is based on the value of the dollar and that relates to our import export trade deficit... so if we import more stuff than we export our dollar becomes worth less... we buy more oil from outside of the US and the dollar is worth less. We import $700 billion in oil every year, a little less this year because of the pain at the pump. But if the economy stays strong prices stay high because the consumption continues to rise in India and China... China will have more cars than the US in 18 years and that's up from three cars two decades ago.

Most of our exported oil dollars go to Canada, Mexico and Venezuela with the remaining going to the Mid East. Europe has not seen the rise in energy prices we have because their money continues to out pace our money.

To fix the problem of the dollar we need to have free trade agreements so we export more stuff. We need to produce domestic energy so we make American oil companies rich in stead of Canada, Mexico and Venezuela and the Mid East. Americans needs to save money and Americans need to be the ones buying American debt in stead of folks from China and the Mid East.

The oil futures also look at peak oil that will be here in just less than a decade if America doesn't explore domestically... That is the prime reason oil is valued and bought and traded as gold... it is an almost extinct source that remains in demand. As we reach peak oil prices will skyrocket if there is no alternative.

That's why I support not drilling for what wwe think we have until the last minute. Wen are gonna need it to defend ourselves.