What do you think about price of petroleum and gold to escalate ?
551795
I Think:\nPetrolium (gas) will be well over $4 allover the world by July. But nows its only $2.99 a gal here.\nStupid lack of oil refineries by big oil money people\nGold will be substitutable in 2010 but for now, the price will escalate
1165074
Well with the look at gas prices rising every year...   Yeah I know sad..  I would say yes\n\nExxon Mobil  these money grabbing corporation is not going anywhere. Even if we change to a differnt kind of fuel... They will still be using oil... for the next couple of hundered years...\n\nI pray that judgment comes before... that happens..
727590
I'd suggest that you do both. \n\nA pension fund is insurance, and it will pay off if the economy remains prosperous. Gold is insurance, and it will pay off if the economy goes into the toilet.\n\nThink about it. The Federal Government spent $620 billion more, last year, than it took in. The only way that massive hole in the budget can be plugged is to close down Department after Department, in the Executive Branch, or to raise taxes to the tune of $2,000 or more for every person in the country. If neither option is exercised, the dollar will have to lose value. That's just the way it is. And if the dollar loses value, then whatever you have in savings will also lose value. It's called inflation, and it is a killer of wealth.\n\nGold is a hedge against inflation. If inflation is high, the price of gold goes up, maintaining the security of your savings.\n\nThe price of gold didn't start going down, in the 80s, until the Government proved that it was serious about fighting inflation, and maintaining some sort of stability in the value of the dollar. The price of gold is going up, now, because the Government has proved that it doesn't give a damn about the value of the dollar. Inflation is already raging at a rate higher than it was, when Nixon initiated his failed attempt to control wages and prices, in the 70s.\n\nThe way I look at it, inflation will eat away at the savings you've invested in your pension fund. That's why I'd recommend buying gold bullion. But, on the off chance that we manage to muddle through, somehow, due to some sort of divine intervention, I'd keep contributing to my pension plan, too.\n\nLook at the price that you think gold will achieve, in the next few years. How many ounces of gold will you have to own, at that price, in order to be able to pay off your house? I'd suggest that you find a way to accumulate that many ounces of gold.\n\nOf course, there's always the risk of a second gold confiscation, in the US. They did it before, and they can do it again. Beware.
368868
I seriously  doubt that will happen but just adding the oil into the market will bring prices down,but the American military hands are once again tied thanks to American liberal media looking for any excuse to accuse military of anything so called illegal in the eyes of the liberal world and in turn attach it to bush to try and bring him down.meaning military can not do its job and do what it was meant to do(kill,destroy,teach a lesson and make what their boots stand on American)
502628
Not that I am for this--But dear it wouldn't matter and why you ask---well here is an article--this is starting to open up a new can of worms--please understand--Anyone in the world could have all the oil in the world..and it really wouldn't matter at this point...\n\n$3-a-gallon gas: Blame Washington, not Big Oil\nWhat's driving up gas prices? It's not just higher crude costs; it's new regulations.\nNelson D. Schwartz\nMay 3, 2006: 2:20 PM EDT\n\n\n(FORTUNE Magazine) - With gas prices roaring past $3 a gallon and consumer fury rising even faster, Congress and the White House are engaged in a Kabuki-like ritual: pointing fingers at each other over who's to blame, while furiously attacking Big Oil for reaping gargantuan profits - as drivers get hosed at the pump.\n\nIf the politicians really want to figure out who's responsible for the latest round of price increases, though, they'd be better off looking in the mirror. That's because the rise isn't only due to higher crude costs. It's also fallout from some little-noticed provisions in the energy bill passed by Congress and signed into law by President Bush last summer.\n\nBuried in the 551-page energy bill - which was supposed to ease energy shortages, not worsen them - were new regulations governing what additives go into gasoline and how it's refined. Corn-based ethanol is replacing the petroleum-derived additive MTBE, but Congress timed this logistically tricky switchover to occur just as demand for gasoline peaked ahead of the summer driving season - right about now.\n\nThe end result is an extra strain on the refining and distribution system when it can least afford it.\n\n"It's too late now, but Congress has consistently failed to sequence regulatory requirements in a responsible fashion," says Bob Slaughter, president of the National Petrochemical & Refiners Association.\n\nAdds Larry Goldstein of the Petroleum Industry Research Foundation: "The gasoline crisis is made in the U.S.A., not in Iran or Venezuela or Nigeria. At least half the increase in gasoline prices is due to unintended consequences of the energy bill, but no one in Washington wants to admit that."\n\nIndeed, while crude prices have risen 21% since the end of 2005, gasoline is up 37% - a sign of just how stretched the system is. Congress's mistake, says Goldstein, was setting the new law to go into effect 270 days after it was signed - May 5 - rather than waiting until fall, when gas demand is typically on the downswing.\n\nNow the big question is, How high can gas go? Well, perhaps the only good thing that can be said about paying three bucks per gallon is that it seems to be slowing consumption - which should, in turn, reduce prices. Over a four-week period in April, says oil analyst Jamal Qureshi of consulting firm PFC Energy, U.S. gasoline demand dropped by half a percent, to just over nine million barrels a day. That may not sound like much, but it's a reversal from the 1.7% average annual increase in gas consumption the U.S. has experienced over the past decade. If $3 is indeed the tipping point at which consumers change their behavior and alter their driving habits, it's the one silver lining in an otherwise very dark cloud for drivers.\n\nThe wildcard in this scenario, of course, is the increasing risk of a military confrontation with Iran. If that happens, says Qureshi, "all bets are off." Given that crude oil accounts for 55% of the cost of each gallon of gas (refining accounts for 22%, taxes for 19%, and distribution and marketing for 4%), an upward spike in crude oil would push gas up even if the bottlenecks caused by the energy bill ease this summer.\n\nThat's why Red Cavaney, president of the American Petroleum Institute, says the answer in the short term is conservation. Washington is indeed being turned upside down when it's left to Cavaney, Big Oil's chief lobbyist, to talk conservat
850775
they already started to go up, ON ELECTION DAY.  opec must be sick with the election outcomes.  i hope the investigate 4.00 a gallon last year, i hope nobody forgot
643735
We have already - It's just a matter of the 'powers that be' letting it on to the market. That won't happen until crude oil is almost completely depleted and they can make top dollar on the substitutes (or take your house, first child etc...).
517644
I don't want to create a conspiracy theory here - that the gas companies haven't built refineries, so that the supply has remained steady whereas demand skyrocketed, driving up the price...as the companies have seen quarterly profits that are unheard of.  I won't try and say that this was a carefully constructed plot on their behalf, ahem.  Well, ok, I don't think it is but I do think that they've been cheap and that their current plans to expand existing refineries won't solve our problems.\n\nDemand for energy will continue to grow (disproportionately here in the U.S...) and I really believe STRONGLY in seeking alternative sources of energy so that we can not only reduce costs for Americans (costs for living...crude oil costs affect EVERYTHING...prodution, shipping...driving up prices...costs to commute, etc.) but will reduce our dependence on foreign oil - doesn't get much better than THAT!!
64539
Gas/Oil everytime anything happens anywhere prices go up.\n\n\nGuy 1 "sir a mouse farted in Juarez"\nGuy 2 "raise the price of fuel now!!!"
804932
$2.40  from $2.10 in the last two days, coinsidence, or some more gouging from the oil company's? I think we will see some $4.00 a gallon before Christmas.
1102521
Absolutely not.  If the government confiscated every ounce of gold in the entire world, gold would be worth $5000 an ounce.  No government today can say that its currency is backed by any such standard, nor has our government been capable of doing so for at least 60 years.
1140134
Nobody knows what the price of gold will do in the future.  If someone claims to know, they are fooling themselves or trying to fool you.\n\nYou could sell a portion of your gold (1 coin at a time, or whatever) at regular intervals, say each week or each month.  That way if it keeps going down, you're getting some money out at today's relatively higher price.  If it goes back up, you'll still have some left to sell at the higher price.  Good luck.
785376
Not too long !!!\nDollar is ready to explode !!!\nUSA econmomical policies does not make any sence.\nWe have huge budget and trade deficit.\nWe spent hudreds of billions in Iraq and what is our economical \ngain-none \nUntil end of 2008  $ will explode and with it other fiat currencies.\nGold,silver and other precious metals + commodities will atleast tripple probbably in next few years
452439
I think those things will become increasingly important given the trends in the price of oil. Companies will shift to alternative forms of energy to save money. I don't know that it will stop wars among nations.
616291
Do not forget money and gold :)
202996
I have! Oil prices go down and gas goes up. Supplies increase the price at the pump goes up. The 2nd biggest oil deposit in the world comes under U.S. control.... You get the idea. Enough is enough. His friends have all made a buck on this insanity, let's go back to $1.00 a gallon.
382180
Of course not. \n\nUnlike the case of the 1970's embargo, there is no shortage. Oil and gas are abundant. The oil producers and their cronies realized that a demand for the product exists at a higher price, and have proceeded to manipulate the market to jack up the price. Of course, the government is looking the other way. In the past, everytime they tried to do that, a small portion of the Strategic Oil Reserve was released and oil prices soon dropped. \n\nWhy is that not being done now?\n\nCan anyone guess the answer? \n\n(A cue: remember Farenheit 911?)