Why do you think our gas prices are so high and why we have a shortage of oil?

This made me laugh so hard!!!! that is so true!

America's domestic oil production "peaked" in 1972 (remember the first "oil crisis"?) no matter how many holes we put in the ground we will never produce more than we did in 1972. Worldwide oil production "peaked" in December 2005 and will steadily decline until the last drop is pumped...same story here no matter how many holes the world puts in the ground it will never produce as much as it did in 2004.

This isn't propaganda it is Science based on the "Hubbard Peak Oil Curve" developed in the 1950's so oil companies could calculate the production run of a particular oil field BEFORE putting holes in the ground. The curve also works for whole systems of oil fields and worldwide production. Oil "experts" debated the "Peak Oil" problem for decades but virtually ALL now agree that we are past the peak.

THAT is what the wars in the middle east are all about...cornering the remaining oil reserves to control the world from here on.

However the current rise in gas prices is being blamed on refinery problems...there's plenty of oil just not enough refineries to turn it into gasoline...at least that's what we are being told. I think it is to push the USA past the point of financial collapse so the people who really run the world can easily convert the world economy away from the US dollar/pile of debt. The dollar bought 1.67 Euros in 2000...it now buys .63 Euros! The current US economy is holding on by a thread and a sharp rise in gas prices which will cause a fall in consumer discretionary spending and consumer confidence will cause the US economy to collapse.

1. There is a huge demand for oil at the moment, particularly from the growing Chinese economy. The supply is unstable as a result of problems in Venezuela, Nigeria and many parts of the Middle East. Part of this Middle Eastern instability was caused by the US going to war with Iraq. Also, the production capacities are not generally there in oil producing countries.

2. Although there is some oil in the US, it is not enough to meet demands for oil. Also, the US stockpiles oil for when it really needs it. It would not be a good idea for the US to use all its oil reserves right now. That would help only in the short term and would have disastrous political and economic consequences for the US in the longer term. Can you imagine being held hostage because you do not have a spare supply of oil to fall back on?

supply and demand....most people will not stop driving tomorrow, so people need gas and gas stations hike up prices by 200%, and we still pay for it.......some company made billions in quarter one only, jeez........there is no shortage....

It's simple supply and demand. The demand is jumping up everywhere and supply can't keep up. It's that simple, and that's it.

blame the goverment...