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librarycard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:38 AM
Original message
I need some information on the price of oil
What was the price of oil per barrel before Bush took office? I know it's nearly $100 per barrel now.

I paid $3.33 gal last night, but today it will be $3.45, an increase of about 35 cents per gallon over the past month.

Thanks.
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mahina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:50 AM
Response to Original message
1. $24. a barrel
Edited on Sat Nov-17-07 01:51 AM by mahina


This is not current really since we're now even higher. Thanks Dubya.
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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:51 AM
Response to Original message
2. The price of oil was $27.69/bbl on January 22, 2001. n/t
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:52 AM
Response to Original message
3. In california, $ 3.33 is CHEAP! n/t
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Emit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:56 AM
Response to Original message
4. Here's some info
Crude oil, at $29.59 a barrel when President Bush took office in January 2001, is now pushing toward $100.

http://seattlepi.nwsource.com/opinion/337435_gasprices3...


Record Prices...
Since Bush's 2nd Inauguration, Gas Prices Have Risen 32 Cents-a 17 Percent Increase. According to the Energy Information Administration, the price of regular, unleaded, gasoline has risen by 32 cents, or 17.4 percent, since Bush's 2nd inauguration. On January 17, 2005, just before Bush's 2nd inauguration the average price of gasoline was $1.84 a gallon. As of May 16, 2005, the average price of gasoline is $2.16 per gallon. www.eia.doe.gov >

Since Bush's 1st Inauguration, Gas Prices Have Risen 70 Cents-a 48 Percent Increase. According the Energy Information Administration, the price of regular, unleaded, gasoline has risen by 70 cents, or 47.9 percent, since Bush's 1st inauguration. On January 15, 2001 just before Bush's first inauguration the average price of gasoline was $1.46 a gallon. As of May 16, 2005, the average price of gasoline is $2.16 per gallon. www.eia.doe.gov >

Much more at link:
http://www.democrats.org/a/2005/05/record_prices_r.php
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nightrider767 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 01:57 AM
Response to Original message
5. Gas in 2000 was about a buck fifty a gal.
One thing you didn't have when Bush was elected was fear factor built into the price.

Current barrel of oil cost about $100, with an estimated mark-up of $30 for fear "risk" in the Middle East, ran up by commodity brokers.

Keep in mind that the "fear" factor of 30% is applied to all oil sold, no matter if it's from the Middle East, or from right here in Texas. So all the rhetoric being thrown at Iran has a real affect on your wallet.

Remember those big assed Texas Cadillacs, the convertibles with the longhorns on the front grill?

I'd imagine they're comin back. And dang, I hate those cars... Texas is getting rich of this $hit...

Er,, well at least the various multi-national oil companies are.

Multi-national, by the way means the company has spun off parts to the Caribbean in order to avoid paying us taxes, or to allow them do do business with countries that are banned by us law.

Like when Halliburton was making money off of Iran and Iraq.

Why was there never an investigation in the "oil for food" scandal.

Because the U$ was knee deep in it.
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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 02:01 AM
Response to Original message
6. Also to add about pricing-
It really depends on what grade of oil you are talking about. There are (I think) four different grades of oil sold on the New York and London exchanges. Brent crude is usually more expensive.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 02:14 AM
Response to Original message
7. I can remember paying around a buck forty per gallon when that turd took over
Of course, I vividly remember when gas was under thirty cents a gallon, too!
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librarycard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 09:00 AM
Response to Original message
8. Thanks to all the responders for their information
It is very helpful.

My cost of $3.33 is for Super Unleaded. I wonder how soon before it's over $4.00.
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