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[QUOTE=kydonky;481451]Most educated geologists and other reasonable people that have discovered the world is round and that fossil fuels are a "limited" resource.[/QUOTE]
Yes, it's limited, but there's going to be PLENTY of it still around while we're alive.......yes we need to find alternative sources, but with plenty to go around there's no need for this ridiculous pricing while we keep working on a solution.
[QUOTE=DJD;481435]LOL your reason for editing was great!!!!!
I wonder at what point americans actually get tired of this crap? We are sitting on and around plenty of oil but play happy time with all these countries that control our oil and let "green" freaks control our legislators and potus.
Let gas hit $4-$5 a gallon for the summer and see what happens to this economy. Maybe then someone with an applesack will say thats enough:confused:.
The politicians kick this "oil crisis" can down the road each time it comes up. Any decision that is made to help reduce our dependency on foreign oil is gonna take years to actually feel any relief on.
Sure, if Iran was wiped clean off the map, we started building refineries, deepwater offshore drilling resumed, ANWR drilling started and building the keystone pipeline happened it still takes time to get any real relief. BTW...obamy still has this deepwater drilling tied up in courts. This is gonna hurt him as well come election time....Thousands of dormant jobs, dormant oil production and high gas prices.
[URL]http://www.bloomberg.com/news/2011-02-03/u-s-administration-in-contempt-over-gulf-drill-ban-judge-rules.html[/URL][/QUOTE]
Exactly right.....if it hit's $4-5 a gallon again you will see the economy go down hill again. Not sure what they don't understand about that. I love how they say the last economy downfall was becasue the banks were lending money to non qualified buyers etc. etc. when in reality it was the $4 gas that killed the economy. $4 gas equals $4 a gallon for milk and a nice increase in all other groceries. That takes its toll on the average american. Pretty sad that I can go to the grocery now and spend $100 and carry it all in the house in one trip. Looks like my plans of fishing more this year have already come to an end. Should have just sold the boat last year.
Why don't we just quit beating around the bush, go over to the middle East and just take over the countries and the oil. That's what it's going to come down to anyways might as well do it now while we still have the gas to get stuff over there.
[QUOTE=psprowler;481456]Why don't we just quit beating around the bush, go over to the middle East and just take over the countries and the oil. That's what it's going to come down to anyways might as well do it now while we still have the gas to get stuff over there.[/QUOTE]
We don't NEED their oil. If we could produce our on domestic oil, burn our own coal, use our own resources, we could SQUEEZE opec out of business.
Actually not, because Opec would just sell to India and China. If we put 1-2 million barrels/day on the market........there would be no crisis.
Later,
Geo
[QUOTE=GeoFisher;481458]We don't NEED their oil. If we could produce our on domestic oil, burn our own coal, use our own resources, we could SQUEEZE opec out of business.
Actually not, because Opec would just sell to India and China. If we put 1-2 million barrels/day on the market........there would be no crisis.
Later,
Geo[/QUOTE]
Geo it gets more complicated all the time.
Gasoline is America's largest export to other countries surpassing food exports. One of the arguments to the Canadian pipeline across the US was that the pipeline terminated at a port for export (not necessarily my agrument, but one of the arguments).
Supplies are more than adequate, demand is moderate, very mild winter with low heating oil demand, no catistophic weather related events. Exports are at record highs even conservative analyists indicate the tension with Iran should only be having a marginal effect on the markets.
One could suspect market manipulation/gouging. I don't know the short term answer, but the long term answer is find an alternate energy source.
Quote from the AP "NEW YORK (AP) ? For the first time, the top export of the United States, the world's biggest gas guzzler, is ? wait for it ? fuel."
"There's at least one domestic downside to America's growing role as a fuel exporter. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that's sent overseas, the less of a supply cushion there is at home."
I read kydonkys reply on the 2nd page. He is absouletly right, why would exxon or anyone else refine one more drop of oil than necessary to keep the price up.
[QUOTE=TimE;481272]How are yal liking this 86% CHANGE in gas prices? HOPEless yet?[/QUOTE]
Had the chance to grab all the oil when we were in Iraq, kind of a payment for all we did for that country. Will kill A$$holes for oil.
Parker - Dag gone!!! lol...
Ok...now on to the original subject matter, lol...The best I can tell in my peabody little brain...what comes to mind for me about these gas prices is several factors.
1. Wall Street has their hand in it.
2. Iran trying to close off the Strait of Hormuz.
3. The tax man has his hand in it.
4. Supply and demand. Back in the day (after WWII) we were the only true oil thirsty machine in the world....so here you had all these oil guru's in the middle east wanting our business, cutting each others prices so they could get a share of the United States thirst for oil..."Mr. United States, how much are you paying for oil, $5.00 dollars per barrel? I'll sell it to you for $4.00 dollars per barrel, (and so on). Now...fast forward to today...it's still a supply and demand thing...the only difference now is the demad is much greater than it was "back in the day"...Now we have China, Japan, India and I don't know who all, that have as strong of a thirst for oil as we do...in fact I think China is more thirsty for oil now than we are.
This is how I see it...I tend to think that unless we drill our own, things ain't gonna get any better. But if we DO drill our own, I'm afraid the EPA, PETA, OSHA, USGBC (United States Green Building Council), etc (whatever other agency is out there)...will all have something to say and it will cost a fortune to drill it ourselves.
I like Parker's avatar..........ALOT
Were exporting more refined product than we ever did.Big oil is profiting by that. We aren't. Speculators are raisining crude oil prices in america.They are profitingt by that.Big oil THEY GOT IT, WE GET IT IN THE END[BOTH WAYS]
Based on 15,000 miles per year, and 16 mpg.
Every dollar/gallon it goes up costs me about $80 dollars per month/about $960/year.
Each dime it goes up, about $8/month, or $96/year.
With those figures in mind I can try to figure out how to make that up each month and year. If I just quit smoking, I'd have no worries until gas went up $2 more per gallon.
1ST COLUMN:GAS COST PER GALLON
2ND COLUMN:GAS COST FOR 1 YEAR
3RD COLUMN: GAS COST PER MONTH
$2.49 $2,334 $195
$2.59 $2,428 $202
$2.69 $2,522 $210
$2.79 $2,616 $218
$2.89 $2,709 $226
$2.99 $2,803 $234
$3.09 $2,897 $241
$3.19 $2,991 $249
$3.29 $3,084 $257
$3.39 $3,178 $265
$3.49 $3,272 $273
$3.59 $3,366 $280
$3.69 $3,459 $288
$3.79 $3,553 $296
$3.89 $3,647 $304
$3.99 $3,741 $312
$4.09 $3,834 $320
$4.19 $3,928 $327
$4.29 $4,022 $335
$4.39 $4,116 $343
$4.49 $4,209 $351
$4.59 $4,303 $359
$4.69 $4,397 $366
$4.79 $4,491 $374
$4.89 $4,584 $382
$4.99 $4,678 $390
$5.09 $4,772 $398
$5.19 $4,866 $405
$5.29 $4,959 $413
$5.39 $5,053 $421
$5.49 $5,147 $429
Here's a web place you can do the same: [url]http://www.fueleconomy.gov/feg/savemoney.shtml[/url]
OR: Email me at [email][email protected][/email] if you want a copy of an Excel spreadsheet that allows you to compare 2 vehicles, by just entering the miles per year and the expected mpg.
any and all oil drilled, here and elsewhere will be sold on the world market. having the supply of oil isn't the problem. they have the oil, they say they can't refine enough to keep up with the demand for the finished product. how many oil refineries would 4 TRILLION DOLLARS build. and built here in the USA. would gas not be cheaper at the pump. I think 4 TRILLION would build enough refineries to keep up with demand and lower our gas prices. but this won't be happening, our 4 TRILLION was wasted. The tally for post-9/11 military costs is staggering. More than 8,300 American service members or contractors dead in Iraq and Afghanistan. Nearly 200,000 civilians killed in those two wars. An estimated final financial cost of up to $4 trillion. And the only “benefits” of these human and monetary outlays, according to the Brown researches, are “democracy” and “greater rights for women.”