Why is it that every time the middle east has a crisis gas prices go up...
 

It doesn't make sense, since Canada is the top supplier of Crude Oil to the US and has been for a long time.. wtf lol.

http://www.eia.doe.gov/pub/oil_gas/p...nt/import.html

Just ridiculous.

i don't get it either the way i understand it is that they base everything on the future possibilty of oil prices rising... and the possibilty of our country having to rely on the middle east for oil

supply and demand

http://www.opec.org/home/Monthly%20O...f/MR082006.pdf

Because they can

It's all done in an effort to line their pockets a little finer.

There's a reason they had record profits this last quarter.

SAUDI ARABIA, IRAQ, KUWAIT, LIBYA.

All of those are in the list you showed. What didn't you get?

Supply and demand, if those countries stop producing the rest of the world will have to buy from countries like Canada, that's why the price will go up.

Something about Saudi Arabia and Iran having most of the oil reserves and it being a global market. So even though Canada may provide us with most of our crude, if other countries are willing to pay more when their suppliers raise prices, Canada would have to adjust as well.

Though honestly I never really cared enough to know why. I try not to buy much gas anyways. On another note though I notice the same with assorted California products. Certain weather during certain times of the year that will effect next years crops will raise the price of the product currently on the market.

Ok, but take a look at the volume of what they're trading... If the US worked a little harder to improve relations to the north, we have WAYYYYY more than what you guys are gobbling up.. Wouldn't it simply be easier to cut out the unknown factor and work with a stable country/government for mutual profit? Oh wait, that bridge was already burned.. Canadians don't like GW :)

That would mean that the companies supplying our demand would be paying a higher price themselves (whehter it be in purchasing or producing) as their demand gets higher as well. Their profit margin should level out if their supply really was lower.

But it's not. They're just racking up more points in the profits column.

Enough with your ........ logic lol ;)

Would the price really go up that much? It would be cheaper to ship it from Canada, they don't have to spend TRILLIONS on a stupid war to get it, and for what...?

But in truth there is no real lack of supply, the real lack is in refineries. There is a lot of supply (currently) to meet demand.

Transportation costs would be MUCh lower too.. no trans-oceanic journeys.

I will not argue about our countries lack of refineries. Nor about added taxes and the like or being located in CA or one of the other states that need special gas, etc. Yet that was not really your initial question.

you just don't get the miles per gallon with that Canadien stuff.
just not worth the bother.