So an oil pipeline broke, oil going up whats your prediction on how much in 2 weeks??

It was just in the news an alaskan oil pipe line broke due to errosion. Now they raised the prices on us after Katrina. But they havent gone back down to b4 Katrina, just up. Is this another ploy by the oil companies to raise their profits even more. Stop production. Was it a ';terrorist'; attack on our pipeline and they dont want people knowing we are vunerable? or was it really caused by errosion and the prices will go back down after 3 months?!?!? hmmmmmmmm lots of questionsSo an oil pipeline broke, oil going up whats your prediction on how much in 2 weeks??
I'm an economist and I am predicting about an $.10-15 raise over the next week. It crippled 8% of US Oil production which is a lot but we also have a large amount of reserve and foreign oil coming in. It won't be a huge increase but it will have an economic impact.





No it was not a terrorist attack or any type of cover up.So an oil pipeline broke, oil going up whats your prediction on how much in 2 weeks??
Depends on how long they take to fix it! Stock markets all over the world just enjoy to play up things to get more money for themselves. Oh, so much happenings around the world that will send oil prices up anyway. The Alaskan problem is nothing unusual...
3.50 a gallon and then settle back down to 3.10 thus creating an increased demand and interest in ethanol
yeah, ';an alaskan pipeline is broken';. i bet the bp ceo just didnt make his car payment
its probabaly errosion, i think those pipes are like 50/60 years old. i would think its going to go up by like $.25/gallon for about 6-9months. then maybe go back down. maybe.
The prices aren't likely to come down soon. At the rate of gas price inflation, gas could be $3.50 a gallon by December.





I think we should have a national oil boycott which may or may not be a good idea. However, that would show the oil companies that we are sick of the inflation they are giving our society.
The price of oil going up is due to the fact that the Bush administration encouraged the outsourcing of American jobs to other countries, the people of these countries can now afford cars. The demand has gone up. The supply is kept low, because America is pissing off the whole middle east with unjustified invasions of Iraq, and Bush's flat out refusal to comply with a direct request from the King of Saudi Arabia to interviene in the Isreal Lebanon conflict, etc. Not to mention he probably has stock in Exon/Mobil and is making a killing off of that.
They have not reached their pre summer goal of over $4.00 a gallon, this might be one way to do it. Hey I got an idea, everybody stop working until gas is at $1.00 a gallon. Just call in broke.
I don't think the price of gas will ever come down. Once it is up there it maybe drops a few cents but nothing real drastic. It was my understanding that all the big oil companies were going to use their windfall profits 56 billion for some to build ne w refineries and research new technogolies. But I don;t see that happing real soon. I am gals I own a horse because some day he may come in real handy to get to work.
gas will be up .25 a gallon in the next two weeks

lips