The dollar strengthened Friday but oil still headed higher on Nigeria- see prior item. Commentators were saying to expect oil to drop off a bit this week if there is no further trouble in Nigeria this weekend. Every time oil has moved down though it has come back up.

Oil producing countries and oil companies have forgotten one thing, if we run out of oil, they have no industry, their trillions of dollars will be worth nothing. Shouldn't oil companies be worried?
The catch is that oil companies feel that they have enough time for inflation to cripple the US dollar to a point that they can line their pockets with as much as possible; and why waste their worthless dollar(today) on better technology when "John Doe" will end up coming up with the technology in his garage on a government Grant. Now I'm all for the "small businesses", however in the end they will sell the technology to the oil companies at a rediculously low charge, the nation will adapt to the new technology, the dollar will soar and all the money that they have "horded" from us now will be worth more than even they can imagine. I'll take solar panels on my car and roof of my house, I'll also take four windmills in my backyard regardless of neighborhood ordinance.
From the time my mother began driving in 1971 to when I started driving in 1998, the price for unleaded at the pump went up from .25 to .65. I have watched gas go from .65 to 3.49 in my 10 year driving span.
Screw Iran, OPEC, the oil companies, and oil in general. Quit spending trillions on the war, (notice I didn't say "pull out"), quit sending money to China, Russia, and the Middle East, and bring the dollar back up so I can pay US$1.00 at the pump.

Mahmoud Ahmadinejad is a physical as well a mental midget who, typical of those in that part of the world, overloads his ass with what comes out of his mouth.

The Iran president wants to cause everyone to go bankrupt. I am on a fixed income and inflation keeps on taking more and more. What am I going to do 10 yrs from now. Right now I make too much for "food Stamps." In 10 yrs I may qualify but will there be any to "give out?"

IRAN's so called President is a muslim on crack,

The pain that most of america feel when they fill there tanks in the BIG-SUV's and auto's is self inflected, 6 yrs ago I sold all my gas hogs and got a Vibe, @ pontiac, built by Toyota, 36mpg road, 28 town, (Its a TOYOTA), fun to drive, not one problem @ 110000 miles,plan to buy a new one @ 300000 miles.

Those of you who feel you only have to get rid of your gas guzzler to absorb the high cost of gasoline are kidding yourself. How do you intend to absorb the increasing cost of food, airline, train and bus transportation? what about the increase in cost of fuel to heat and cool your home? I suppose the military should get rid of the Humvees they are using in Iraq. They are certainly gas hogs. Fighter jets and bombers burn fuel by the ton. what do you suggest we do about that?

This guy says anything that - a.) is against the U.S. and b.) anything that is against Israel. The only thing that is consistent about this screwball is that he hates both - equally.
He just jacked the price of gas in his own country (to the residents disdain), but don't worry Mah-Mah knows best.
To the Bush beaters - You think we have a problem - how would you like to have this guy!!!

Ahmadinejad is not wrong in trying to up the price of oil. Oil is their country's main souce of revenue. Money is power in this world. Just drive less and as a country be more resourceful in energy consumption.

Ahmadinejad is not wrong in trying to up the price of oil. Oil is their country's main souce of revenue. Money is power in this world. Just drive less and as a country be more resourceful in energy consumption.

I can see oil go up even further. It hasn't stopped yet. That is why alternate energy is a must for the future.

http://www.stocks-simplified.com

WHILE CONGRESS HOLDS ON TO ITS DREAM OF ELECTRIC CARS AND CONSERVATION. THOSE OF US IN THE REAL WORLD KNOW THAT ONLY MORE DOMESTIC EXPLORATION AND PRODUCTION WILL LOWER PRICES. STOP BLAMING THE OIL THE COMPANIES FOR LIBERAL PIPE DREAMS AND STUPIDITY. BIG OIL HAS PROVIDED THIS WITH OUR GREAT NATION WITH CHEAP AND PLENTIFUL SUPPLIES OF ENERGY FOR A HUNDRED YEARS. WHILE I BELIEVE TECHNOLOGY AND INOVATION WILL WIN OUT OVER STUPIDITY ON THE LEFT. ONLY MORE DOMESTIC SUPPLIES HELP IN THE NEAR TERM. UNTIL WERE WILLING TO USE LESS, DRILL MORE AT HOME JUST SHUT AND SEND YOUR DOLLARS OVERSEAS.

Bakkens oil field, N Dakota=200-400 billion barrels

Iran doesn't have enough refineries to produce all the gasoline they need. If he feels this way, why don't we make sure he doesn't get any more gasoline imported. Good enough

Oil is too cheap. He's 100% correct.

People can forget about oil ever being cheap again. Only a global recession would cause that, and the cheap price would last just a few months past the end of that recession. In any future growth economy, oil will get aggressively more expensive.

Lee Raymond, the recently retired CEO of ExxonMobil, used to suggest conservation would be a very good idea. Nobody was listening. Of course, he wasn't exactly shouting it. He would put it out there, take it or leave it, and the United States of America ignored him.

Well, they ain't ignorin' him now.

This country has made horrific gasoline decisions for 40 years. Scientists have been warning us, and we called them pinheads. There were some pinheads, but it wasn't the scientists.

Conservation is always a good idea. The technical way to do conservation is High Efficiency Integrated Heat Engine (HEIHE). With HEIHE, higher engine efficiency will let you enjoy helf-priced gasoline any time and anywhere. Please invest in HEIHE: www.heitech.com

I do not understand why the government doesn't put any pressure on OPEC to increase the oil supply. And they keep filling the SPR at these high prices. Until they do something about it, you just have to take advantage and invest in Energy stocks. I like the Nat Gas stocks in the short term. They are on fire!
www.TheMarketNewsletter.com

why dont people ever complain about paying over 10 percent of the price of gas for tax?

I say nuke this little hitler....then enslave those people like we should have...remember who got the oil out of the ground for them....WHITE people not arab camel jockeys......THEN TAKE A-L-L of their oil for pennies a barrel.....death to all ragheads

Lets see here. one brain surgeon mentions the Tax on gas is 10%, sorry its $.18 , thats about 3-4%. Another Genious is saying that Iran is raising its gas prices, well the consumer in iran pays about $.89 a gallon, because the government owns the oil companies and sells it at no profit to help the people while Exxon/Mobile makes 11 billion dollars a quarter, thats equates to 44 billion a year by the was to only one company. If we put that money into rebates on gas, the price would go down insstead of lining the pockets of Washintons friends at Exxon/Mobile
Another brain surgeon thinks if Opec produces
more, the price will go go down, well there is plenty of supply my freind, if Opec doubles production the price will increase anyway.
The main reason gas is so high is exactly what the Ahmadinejad said about the value of the American dollar, it is worth "Nothing" on the international market because of the huge debt that Bush has created because of the private war he created and the poor state of the economy which he also created.
Oh and none of the brain surgeons think that Bush giving huge subsidies to the Corn growers to produce ethynol is an interestin idea even though the cost to make ethynol is more then the fuel is ises to produce it and the fact that now the farmers stopped growing anything except corn and the food prices have soured, gee what a great idea, piss money away growning corn to make ethynol which is an impossibility to ever replace gasoline and cuase the price of wheat and rice to double. Your hero Bush is a real genious and you still love jhim don't you.
Its sad that all the brain surgeons here are waving the great American flag and touting their hero Bush and can't see past their noses as to why gas prices are so high, I feel sorry for all the genious's here, they need a lesson in civics and economics.