Comments on: What will happen to oil prices once the global economy recovers?

By: Cliff Vaz

Cliff Vaz — Tue, 05 May 2009 22:23:46 +0000

“Energy companies are postponing energy research projects that could help alleviate an energy crisis over the next few years. Once the global economy recovers, the demand for energy will soar once again, and so will gas prices.” This statement is exactly the kind of propaganda that allows these energy companies to profit without any consequence. It is one thing to make money but for these companies to actually purposely postpone projects that could not only help with the energy crisis, but also the global economy is absolutely absurd. I believe that the appropriate people that are in power and can put certain laws into affect should step in by setting sanctions towards these companies. This could help prevent these companies from profiting to the point where the consumer is being affected adversely. Not only that but, if we can prevent these companies from holding back on these energy research projects than we can further the progress necessary to bring energy costs down.

By: Ashley Rocca

Ashley Rocca — Tue, 05 May 2009 01:44:40 +0000

I feel that once demand increases as the economy recovers, price and supply will also increase. Demand will be higher when economy recovers and then eventually output supply will increase which will lead to the prices going up initially until it evens out.

By: Chris Marino

Chris Marino — Fri, 01 May 2009 05:10:12 +0000

The government needs to either cut into are supply which would be a brig help or they need to take some of that bailout money and invest it into companies building hybrids and electirc cars. Also they need to invest in better alternatives to get us away from oil. If this way going on then at the same time people could make an attemp to not use so much fuel but it wouldnt be so easy because thats what we no.

By: Lauren LaCommare

Lauren LaCommare — Fri, 01 May 2009 03:12:39 +0000

There is no way to accuratley no what is going to happen to gas prices once the economy recovers. There is a possibility that once the people begin to have more money and the demand for oil begins to increase the price of oil will most likley rise.

By: Arthur DiPaolo

Arthur DiPaolo — Wed, 29 Apr 2009 23:38:38 +0000

Some things that can be done about the next energy crisis because gas prices are likely to higher once summer hits is finding new was of transportation to get to where people need to go. I’m sure there are lots of people who work and go to school that’s not in any kind of walking or biking distance. I know that’s a lot but if gas was about $4ish dollars last summer, it can only go higher. I’ve been going to this one gas station that been under $2 for a while so until that changes I’m going be using my car. this could be a great way for people to be forced to get exercise. If you really think about it, there are plenty of bikers out there who bike 30 plus miles to go to school or work. It works for them and maybe it can work for us. Maybe public transportation should expand and perhaps lower prices. That is asking for a lot but times like these what really can we do. i know the mbta has been going up and down with their prices because they’ve been in debt, but people are still riding the T because they have no other way.

By: John Shaw

John Shaw — Wed, 29 Apr 2009 22:46:42 +0000

Okay now this is a topic I love. I think it is insane the price of fuel as we all do. This is where a ton of our economic stimulus should go. Into the research and realization of ways to better our energy problems. I have a quick and easy solution but first here is my side. Last year I drove thousands of miles. I spent literally about 5 thousand dollars at least on gas for my truck. If only I had saved up if I knew this would happened I would’ve bought a foreign car such as Honda or better yet, Nissan. I think the stimulus could help us all. Do you realize how many gas guzzlers are out there?! that get about 16 mpg? I think the U.S could easily work out a deal with foreign automakers to buy in bulk, that would keep them busy for a long time. In doing this, we could get a good deal on cars like Nissan. If only we could somehow put cars such as a Nissan Sentra in the hands of EVERY American that drives, and be put on some type of plan to pay it back or raise taxes and do it that way as is what an economic stimulus plan is. Doing that alone, the percentage of gasoline that cars use would drop incredibly. A Ford truck getting 15mpg traded in for a Nissan truck that gets 25+? Imagine how much less fuel we’d need. How much money we’d save. With all the billions and trillions out there we could make something like this happen. But my other idea is, look at England. Cars are somewhat rare, a luxury over there. Why? Because of their damn transportation system. You can get anywhere on their busses. They have so many that you will have virtually no problem getting anywhere. Also their cities are well designed in which many things are walking distance. Personally I think the luxuries of things like HDTV’s and all these cars, etc, have made us all lazy. I am one of them. “AW I have to get up to change the TV?!?!?!?!” that is a reason we are turning so obese. a huge reason. I think as much as I and everyone else LOVE having our own cars, imagine if we had a round the clock bus system everywhere? it would employ lots of drivers, workers to keep up all the bus’ roads and highways. None of us would have to pay for gasoline except the gas used by the buses, covered by our taxes, and just pay a small fee such as 1.50 to go somewhere, if even that much. None of us would have to pay rediculous insurance, less accidents, no drunk driving, no car payments, etc. As great as having our own cars are, imagine a world with no gas fee’s no insurance fee’s no car payments, extreme decline in accidents/drunk driving…

By: John Devlin

John Devlin — Sat, 25 Apr 2009 16:22:44 +0000

i think that the best way to show the oil companys that we arnt in demand for their fuel is if everyone for one day dosent use any. just think on how much we would save just for that one day, and it would slow down the demand so the price would lower and subside with what it should be.

By: Jenny Frost

Jenny Frost — Tue, 21 Apr 2009 12:58:58 +0000

the fuel prices are going up once again to make us pay more than what we paid for when it was under $2 and now most of the places ive seen are now over $2 for regular gas. other transportation fairs will go up in cost once again when the gas rises in order for them to keep the buses or other things going. If you think of it just the cost of food will go up when the gas prices rise again.

By: Stephen Ikalainen

Stephen Ikalainen — Tue, 21 Apr 2009 01:07:19 +0000

I believe that we must find other investors to keep funding our research for alternate ways to fuel our cars. If we postpone researching new ways to find alternate energies we are putting our future at risk because we don’t know when another economic or natural crisis occurs and then we may start running out of oil sooner than we thought. We need to conserve our gas right now and try to use less vehicles that suck up gas at a higher rate making our gas reserves diminish quicker. Public transportation should become a major benefactor in this situation because it conserves gas and allows less traffic on the road. Also people should start driving one car and not having multiple cars that take up too much gas. When the economy comes back and the gasoline rises public transportation should advertise the idea of conserving because it will help allow more people to start thinking of the future and our oil reserves.

By: Bianca LeBranti

Bianca LeBranti — Mon, 20 Apr 2009 21:39:04 +0000

I think that our country still needs to concentrate on the future. We can not depend on gasoline fueling our cars forever. 1) There is only a limited supply of gasoline, eventually its going to run out, which is going to make gas prices soar even further up. 2) Our environment is slowly diminishing because all the pollution we are creating. Eventually if we don’t find an alternative fuel we are going to see more of an increase in natural disasters. I think that if one of these car companies such as GM that is slowly going bankrupt came up with an affordable, energy efficient car they would no longer be in the situation that they are in. These car companies keep begging the government to bail them out of debt, however they never took responsibility for the reason that they are in debt. Many American’s are looking in the future and realizing that they can’t drive a gas guzzler, especially after gas prices soared to about 4 dollars a gallon in summer 08′. I think that we need to start concentrating on not only making the economy better but making better decisions regarding the environment.