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
This comment has been removed by a blog administrator.
ReplyDeleteBrittany
ReplyDeleteThe supply of oil is decreasing in Libya. They shut down the country so that they could overthrow their leader.
Gas prices will get higher because if we keep on getting less oil, then they will have to raise the gas prices up. THIS WOULD BE TOTALLY STUPID!
I say the final price for gas will be $3.50 or $4.00. This may take years to stabilize because it has to get bad enough that the Americans will have to rebel against gasoline. Then we would have to invent something else so we would be able to get around. LIBYA NEEDS TO THINK ABOUT WHAT THEY ARE DOING!
Brittany
Dear mr Garvin this is ashley b, i have been able to answer your question oil is now98.22 it has went up .+2.80 and it is now 2.93% exactly.
ReplyDeletealso it now harder for people to buy gas and oil becaus it is so expensive and that's why people should get to lower price's for gas and oil. it will be hard on mr.garvin to make it to work and where ever if he cannot buy gas because of the stupid prices. so I hope the community will improve so people can do more fun things.♥
ashley jade<33.
Dear Mr.Garvin,
ReplyDeleteThe supply of oil is decreasing in Libya. That will affect the whole economy people will not be able to get around as easy. Oil has went up +2.63 and the percentage is +2.76%. You have to have oil to make gas and that will take more money out of peoples hard earned money because Libya will no longer pump oil. The final cost of gas may go up to the next dollar making gas be 4.00$ which would be rather expensive. Hopefully,the price of oil stabilizes and gas isn’t so expensive. I think,gas prices should go down to help people out and there will be less conflict. -BB
Emily Renee
ReplyDeleteThe supply of oil is decreasing in Libya. They stopped making oil. Now the prices are going up. Since Libya is one of the main oil people we get oil from there is not going to be that much oil here. Now they could have other countries to replace the oil that way the price of oil would stay down.
If the price of oil rises then a lot of people won’t be able to go to work. They won’t be able to do a lot of the things we need or want. I f higher prices are formed then hardly anyone would be able to get the things they need.
Hopefully the price of gas doesn’t get much to high. We need the price to stay low, so we can do special things.
Hopefully Libya will come to a conclusion and start making oil again. I just hope it wont be too much longer.
Dear Mr. G,
ReplyDeleteIf we use my aunt’s car we won’t be able to go ride around like we used to. We’ll be walking. Plus the more money we put into gas the less money will have for our own selves. I know that we need gas so we can get around, but we also need food, water, shelter, clothes, etc. We have needs and wants but gas prices are getting higher each day.
I believe that the gas prices are insane! Why can’t it be like the old days when gas prices were low? This is just unbelievable. I have the things that I need and want but can’t really get the things I want because of gas prices. The things I need are starting to become a problem also because of gas prices.
I honestly think that gas prices need lowered because we are people and we need food and what not. I know that we need gas for our vehicles but we also need food to survive and clothes on our backs and a place to live in instead of boxes. Gas prices are way to high these days and it’s getting worse I think. I want to be able to have the things I like and a car to ride in but pay less. Gas prices are becoming a problem for some people.
-Laci
Kayla
ReplyDeleteIf gas gose up then it can hurt my chances of getting home visits. My family has to use the car a lot.It will be very exensive to come and get me every other week.I will be very upset if the priceof gas Gets up to 10.00$ a gallon.
It will also hurt my chances of getting nice shoes when I need them because
The plastic on my shoes are made with oil
Miranda
ReplyDeleteOil surged to $100 a barrel in New York for the first time in two years as Libya’s Violent uprising threatened to disrupt exports from Africa’s third-biggest supplier and spread to other Middle East oil producers.
Futures gained as much as 4.8 percent after heavy gunfire broke out in Tripoli again today, army units defected and a former aide to Libyan leader Muammar Qaddafi warned the spreading revolt may topple the regime within days. Companies including Total SA, OMV AG, Eni SpA, and REW AG scaled back their Libyan operations.
We’re crossing $100 because with the cut in Libyan output, the unrest in the Middle East is actually having an impact on oil supply, said Phil Flynn, vice president of research at PFEGBest in Chicago. There’s concern that unrest will spread further, threatening Saudi Arabia and other producers.
Crude for April delivery increased $4.46, or 4.7 percent, to $99.88 a barrel at 1:05 p.m. on the New York Mercantile Exchange. Earlier, it touched $100, the highest level since Oct. 2, 2008. Futures are up 27 percent from a year ago.
Dear Mr. G
ReplyDeleteI think that they should make gas prices up to 50cents a gallon and 60cents a gallon oil because some people can’t afford it. I really don’t know what else to say I mean I understand a little bit of it but not that much they need to make pieces lower everyone agrees on that.
Jessica 2/23/11 you’re a great teacher Mr. G and I love your class..
Dear Mr. G
ReplyDeleteIt can affect us people because if the supply of oil goes down, the price of gas will fo up. That means if the price of gas goes up then how are we going to get any where? I mean our economy isnt very good anyways. Jobs are coimg and going just has fast as the oil is decreasing. I have no clue why they are going to stop making oil. Just because they want their president to leave doesn’t mean they have to take it out in us. I mean I’m in placement and those people are free. they should stop thinking about themselves and start thinking about others.
Where is the supply of oil decreasing? It is decreasing in Libyan. A plane crashed because a pilot was refusing to bomb a city in Libyan. To me I think that’s just down right stupid. The U.S imported 80,000 barrels a day. To me that’s not very much. Most of our stuff is made out of oil. Plus we need gas to go back and forth to work, school, stores, and hospitals. What happens if one of my friends or family are sick. Those people just want them to die. Well I don’t freaking think so. I think they should stop and think for one damn minute. So they really wanna do this?
I think the final cost for a gallon will be $4.00. Which I think is freaking stupid. I remember when gas was $1.69 like no joke. Gas is high as it is right now. The people in Libyan might not think so but I do. I hope I get good paying job so I can support my family and pay my bills and stuff.
They shouldn’t stop making oil period!!! Hopefully they will find a price and just you know stick with it.
Justine M.