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Wednesday, February 23, 2011

Why is the supply of oil decreasing? Why does this mean the price of gas is increasing?




1) Open WORD & put first name at top of page
2)Access the following WEB sites
3)Review sites information
3) Search additional info if needed
4) Respond in Essay form with introduction/Body/Conclusion the following questions
Where is the supply of oil decreasing?
How will this result in higher gas prices?
What may be the final cost for a gallon of gas?
When will this stabilize?
5)Copy and post to comments

WEB SITES

When Complete

12 comments:

  1. The supply of oil is decreasing in Libya. With the supply of oil decreasing it makes the price of gas increase. I think the final cost for a gallon of gas will be five dollars. This may stabilize in a couple months or so. Give or take. This is going to affect me very much. With being a teenager I will soon have a car of my own. I will then need to pay car payments and pay for gas. This will take out a lot of money from me and my family. I will not be able to go to a lot of places because gas is so expensive.
    Next I will have to say that in the aftermath that gas may keep going up. People are going to keep getting more and angrier and cause more and more violence. In the end there will be many disputes and it will take us a long time to recover from this.
    By nicholas k C-3/ Kiowa

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  2. The supply of oil is decreasing in Libya. With the supply of oil decreasing it makes the price of gas increase. I think the final cost for a gallon of gas will be five dollars. This may stabilize in a couple months or so. Give or take.


    BURT

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  3. Eddie B.
    I think they make the prices go up because theirs not much. Soon we will be stuck home.

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  6. Alonzo
    The leader told the man to bomb. The southwest oil fields and the man refused to bomb. And told the other men to pear shoot out but they didn’t and the pilot recked.they called the military to crack down on anti-government protesters. , reports came in Wednesday that a military aircraft had crashed because the crew refused to carry out bombing orders. The oil will affect my home visits.

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  7. Name zeke
    Libya ‘supply is going down on oil and the gas is going higher . Then oil goes back up gas will go back down tell oil will go back down .. The oil will be more money because people will need it to get oil for there cars. Then Libya is losing a lot of oil and the gas is going up and proble go up to $4.00 … then every body will go and stop driving cars and motors bikes because the gas is going up again.. a barrow of oil is about $ 150.00 a barrow of oil is .. gas is about 3.80 right now. Because it would effect me because I couldn’t ride my dirt bike if the gas goes up and visit will go up and I my not be able to go home to my family

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  8. The supply of oil is decreasing in Libya. With the supply of oil decreasing it makes the price of gas increase. I think the final cost for a gallon of gas will be five dollars. This may stabilize in a couple months or so. Give or take.
    It would affect me because I won’t be able to get shoes. The result would be that the prices of gas are that the lower the amount, they want to not only save the amount of gas but they also want to make money at the same time. I think they make the prices go up because there’s not much. Soon we will be stuck home.
    BURT

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  9. Alonzo
    The leader told the man to bomb. The southwest oil fields and the man refused to bomb. And told the other men to pear shoot out but they didn’t and the pilot recked.they called the military to crack down on anti-government protesters. , reports came in Wednesday that a military aircraft had crashed because the crew refused to carry out bombing orders. The price of gas will make it hard to travel it may or may not affect my home visits.

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  10. The supply of oil is decreasing in Libya. Because the supply of oil is decreasing gas prices will increase because a barrel of oil is refined and when it is it becomes gas and if the supply of oil keeps on decreasing gas will decrease and the prices of gas will increase because of the low supply of oil of which gas is produced from and it also takes gas to transport oil and dispute it as well. The final cost of a gallon of gas will probably make its way near the eight dollar mark if the oil will keeps decreasing in Libya.

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  11. Justin
    Libya is the place where the oil is stopping. The production is stopping because of a revolution there, as a result would be that the prices of gas are higher. That the higher amount, will not save the amount and the price of gas will be higher. They also want to make money at the same time. The price of gas will soon be $5.00 . Hopefully in a month the wells will again open, and supply will increase.

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  12. Trystian R.h
    The oil disputing is going down in libya? this could stabilize at anytime. The gas prices can be any price but I think it is going to be over $5.00 . The reason that gas is going up is because the supply of oil is going down. The supply of oil is decreasing because Libya and other coutries are wanting to have new leaders of government. This means that they are going to stop supplying oil to buyers. When this happens we lose a lot of the oil we want and need. This means the gasoline suppliers are going to raise the prices to make more money.

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