The future of oil prices? Please Answer!?

What are some of the reason oil prices will be higher in the future?
What is your see on this issue?
Any ways to stop this?
Any other questions or connserens?

Oil prices in the future will increase, because:
1) Inflation.
2) It is a limited resource; no new oil is being MADE.
3) We (humans) are consuming it faster than we are replacing it through new discoveries.
4) Global consumption is increasing due to greater (total) energy demands.

Unrest in the middle east and greed with oil companies will keep prices soaring.

I guess I am going to switch to a hybrid.

I think as the supply of oil dwindles, the price will keep going up. We need to make oil less needed, by getting alternate fuel sources.

As with any commodity, when demand is greater than supply prices increase. Oil prices will continue to increase in the foreseeable future because of the demand from developing countries and the lack of state of the art extraction processes which results in supply problems. Eventually oil will reach a price which will make it economically feasible to produce other forms of energy. When there is competition there is a better product at lower costs.

OIL PRICES are going to be so high in the future , just because some people say that we are going to run out of oil. right now gas prices are because the us needs to support it's troops, did you know that the u,s.a. takes about a 10,000 barrels of oil from iraq for free!!( exept for the cost of the war) , but still, the USA is getting a lot of oil from other countries and sells then for high and buys for cheap!!( from middle eastern countries and other)
scientist say that we are runing out of oil but i don't think so, BUT we might have less oil b/c it forms slowly, also prices are higher because of oil also bieng transported., ANY WAY, prices are going to keep rising and rising since that cars are going to run on hydrogen and soil bean, in california there is already 20 gas station with soil bean . there is no way that this can stop, unless the gov lowers prices( which is not going to happen)!!!
and so that is what s really happenning out there that people dont know, they said that the hurricanes, - that is also a reason but not mostly. AND then they are going to make cars run on water a we will have a drought then evrybody will die of thurst ( after a couple hundreds of years!!) there will also be more wars in the future over oil, just like the movie SYRIANA.

As long as demand continues and the supply decreases, the price continues to rise.

Demand will keep rising while supply will continue to drop, the laws of economics say that prices will keep rising until it is no longer affordable.

Oil prices are only going up! Because it has to be imported but alaskan pipeline oil ain't selling any less! Probably no way to stop it. If someone discovers a way to get energy from water the first few yrs it will be cheap then we'll have a drought and prices will go up!

http://www.total-knowledge.com/~willyblues/

I agree with lynda_is. Oil is cyclical. The price has been weak lately and supplies have been rising. With the high prices alternatives have been gaining ground. And consumers cant afford the high prices forever. Demand growth in other parts of the world will level off or slow. I think we are near the end of this cycle.

Oil prices will increase 25 to 50 percent over the next couple of years. Hydrogen & other alternate sources will then start to take hold and that will finally stabalize prices. Then as demand drops further oil prices will drop even further.

Eventually the middle east will have no market for oil and the third world war will start because they will not be able to feed themselves and will lash out in desperation..

Sources say oil will be gone in 50 years. So oil prices will sky-rocket unless we find another fuel source.

Increased demand (increased demand in China in particular) combined with much of the world's oil reserves being in the volatile middle east have driven the price up.

Oil is like anything, two things will reduce the price of it. One, a reduction in demand. Two, an increase in supply. A large increase in supply seems unlikely. The globe has been scoured intensively for the last 30 years for new oil, meaning the likelihood is low that there is some big gigantic new source yet unfound. So the main event that has to happen to reduce price is a reduction in demand.

If the world economy slowed down, that would reduce demand. If technological advances can allow us to use less oil, and use alternative energy sources in the place of oil, that would reduce demand. That is what we in the USA, Canada, Japan, England and Europe need to be working on.

Already, we have technology we do not utilize. There are cars that deliver 40 MPG on the highway, and around 30 MPG in the city. Problem is, very few people in Canada and the USA choose to drive them. Also, solar energy needs to become widely used. If every home put a couple of panels on the roof, and got say 25% of their energy from the panels for heating/cooling/lighting etc, that would change everything.

here's what I heard the other day on the news, there are 20,000 first time car owners per day in China. The law of supply and demand, more people wanting gasoline the higher the price. If and when people want something else for energy is the only thing that will effect that equation. you can effect one side or the other, supply or demand.

Hopefully they will tank. I believe that they will. Prices of things go in cycles. Right now the cycle is high. I don't think it will stay that way. What goes up must come down.

oil prices will be down because they are finding oil somewhere I forgot where

This makes a lot of sense~ read to the end!!!
A man eats two eggs each morning for breakfast. When he goes to the grocery store he pays 60 cents a dozen. Since a dozen eggs won't last a week he normally buys two dozens at a time.

One day while buying eggs he notices that the price has risen to 72 cents. The next time he buys groceries, eggs are .76 cents a dozen. When asked to explain the price of eggs the store owner says, "the price has gone up and I have to raise my price accordingly".

This store buys 100 dozen eggs a day. I checked around for a better price and all the distributors have raised their prices. The distributors have begun to buy from the huge egg farms. The small egg farms have been driven out of business.

The huge egg farms sells 100,000 dozen eggs a day to distributors. With no competition, they can set the price as they see fit. The distributors then have to raise their prices to the grocery stores. And on and on and on. As the man kept buying eggs the price kept going up. He saw the big egg trucks delivering 100 dozen eggs each day. Nothing changed there.

He checked out the huge egg farms and found they were selling 100,000 dozen eggs to the distributors daily. Nothing had changed but the price of eggs.

Then week before Thanksgiving the price of eggs shot up to $1.00 a dozen. Again he asked the grocery owner why and was told, "cakes and baking for the holiday". The huge egg farmers know there will be a lot of baking going on and more eggs will be used. Hence, the price of eggs goes up. Expect the same thing at Christmas and other times when family cooking, baking, etc. happen.

This pattern continues until the price of eggs is 2.00 a dozen. The man says, "there must be something we can do about the price of eggs".

He starts talking to all the people in his town and they decide to stop buying eggs. This didn't work because everyone needed eggs. Finally, the man suggested only buying what you need.

He ate 2 eggs a day. On the way home from work he would stop at the grocery and buy two eggs. Everyone in town started buying 2 or 3 eggs a day.

The grocery store owner began complaining that he had too many eggs in his cooler. He told the distributor that he didn't need any eggs. Maybe wouldn't need any all week.

The distributor had eggs piling up at his warehouse. He told the huge egg farms that he didn't have any room for eggs would not need any for at least two weeks.

At the egg farm, the chickens just kept on laying eggs.

To relieve the pressure, the huge egg farm told the distributor that they could buy the eggs at a lower price. The distributor said, " I don't have the room for the eggs even if they were free".

The distributor told the grocery store owner that he would lower the price of the eggs if the store would start buying again. The grocery store owner said, "I don't have room for more eggs. The customers are only buy 2 or 3 eggs at a time". "Now if you were to drop the price of eggs back down to the original price, the customers would start buying by the dozen again".

The distributors sent that proposal to the huge egg farmers. They liked the price they were getting for their eggs but, them chickens just kept on laying.

Finally, the egg farmers lowered the price of their eggs. But only a few cents. The customers still bought 2 or 3 eggs at a time. They said, "when the price of eggs gets down to where it was before, we will start buying by the dozen."

Slowly the price of eggs started dropping. The distributors had to slash their prices to make room for the eggs coming from the egg farmers. The egg farmers cut their prices because the distributors wouldn't buy at a higher price than they were selling eggs for.

Anyway, they had full warehouses and wouldn't need eggs for quite a while.

And them chickens kept on laying.

Eventually, the egg farmers cut their prices because they were throwing away eggs they couldn't sell. The distributors started buying again because the eggs were priced to where the stores could afford to sell them at the lower price.

And the customers starting buying by the dozen again.

Now, transpose this analogy to the gasoline industry.

What if everyone only bought $10.00 worth of gas each time they pulled to the pump. The dealers tanks would stay semi full all the time. The dealers wouldn't have room for the gas coming from the huge tank farms. The tank farms wouldn't have room for the gas coming from the refining plants. And the refining plants wouldn't have room for the oil being off loaded from the huge tankers coming from the Middle East.

Just $10.00 each time you buy gas. Don't fill it up. You may have to stop for gas twice a week but, the price should come down.

Think about it.

As an added note...When I buy $10.00 worth of gas, that leaves my tank a little under half full. The way prices are jumping around, you can buy gas for $2.65 a gallon and then the next morning it can be $2.15. If you have your tank full of $2.65 gas you don't have room for the $2.15 gas. You might not understand the economics of only buying two eggs at a time but, you can't buy cheaper gas if your tank is full of the high priced stuff.

Also, don't buy anything else at the gas station, don't give them any more of your hard earned money than what you spend on gas, until the prices come down..

The Limited supply of fossil fuels. Also the fact that wars in oil producing companies create less oil intake into the U.S. Surprisingly our biggest threat is China because they have become the largest automobile users in the World. I think we will have to turn to hybrid and electric cars soon.

Oil prices will keep going up because no new oil fields have been found in the last 10 years. China and India are huge new consumers and they will drive demand up for oil.

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