Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

[Wapasha]

Originally Posted by ovcatto

His green energy?

So my solar panels, wind generated energy will come to me from Obama Power and Light (OPL)?

Don't be stupid. If you have a light generator on your mountain bike, yeah, I'm sure that is classified as OPL too.

When 0bama inserts tens of billions for green energy into legislation that only needs a simple majority, that's 0bama. When Henry Waxman submits a global warming energy bill that he has not read, and 0bama signs without reading, that's 0bama's green energy too.

There is no debate going on in congress, just a few democrats deciding our fate, and they don't even know what is in the bills they sponsor or sign.

Our electricity rates are going to skyrocket and our national debt is ballooning, and they tell us to trust their staff, and the politically motivated crooks at the UN's IPCC? After all this pain and suffering on our part, the Waxman-Markey bill might theoretically lower the earth's climate by0.05 degrees by 2050. I'm glad this number is so small, so as not to have the future prove them wrong.

[wade52]

Originally Posted by ProudCapMarine

If Obama wants to investigate something, he should investigate why gas and oil prices are still going up.

Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up? - Yahoo! News (http://news.yahoo.com/s/time/20090529/wl_time/08599190144600;_ylt=ArqyD3vCqkMCX0sI.cYDrwFxieAA;_ ylu=X3oDMTJzMTZkbGN0BGFzc2V0Ay90aW1lLzIwMDkwNTI5L3 dsX3RpbWUvMDg1OTkxOTAxNDQ2MDAEY3BvcwM3BHBvcwM3BHNl YwN5bl90b3Bfc3RvcmllcwRzbGsDb2lscGxlbnRpZnVs - broken link)

Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year.

Your own quote answers your "question."

Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year.