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Sticker Shock-$3 a gallon gas? Some links
various FR links | 03-17-04 | The Heavy Equipment Guy

Posted on 03/17/2004 2:08:40 PM PST by backhoe

http://www.freerepublic.com/focus/f-news/1059185/posts
Summertime shocker: Gas could hit $3 a gallon
Chicago Sun-Times ^ | 1/16/04 | Lucio Guerrero
http://www.oilcrisis.com/magoon/
 
 
Oil Hits One-Year High [at $37.80 per barrel]
Source: Reuters
URL Source: http://www.reuters.com/newsArticle.jhtml? type=businessNews&storyID=4579593
 
 
http://www.freerepublic.com/focus/f-news/1098993/posts
Oil At New Highs - Opinions wanted on synthetic oil
MSNBC ^ | 3-16-04 | Jason Rines
This seems like this could be our ace in the hole...
Anything into oil
Stephen den Beste on this process
Anything Into Oil
http://www.discover.com/issues/may-03/features/featoil/
http://www.changingworldtech.com/home.html
 
 
 
Oil Races $1 Higher
CNNFN ^ | 3-15-2004 | Reuters
 
 
 
 
4 DOLLARS A GALLON FOR GAS BY ELECTION DAY - BREAKING ON DRUDGE RADIO
 
 
 
 
 
 
 
 
To find all articles tagged or indexed using calpowercrisis, click below:
  click here >>> calpowercrisis <<< click here  
(To view all FR Bump Lists, click here)
 
 
I've been saying for years the way to revive and restore the economy ( and it would have headed off these oil price problems as well ) was to-
1- drill for gas & oil like crazy- onshore, offshore, and in Alaska
2- go nuclear for power
3- convert stationary plants to clean coal technology
4- slash taxes and regulations like crazy
 
 
Wow- just in time for $3 a gallon gasoline...
 
 
Gas seen hitting $2 per gallon
Washington Times ^ | Tuesday, March 9, 2004 | By Tom Ramstack
Don't forget the knee-jerk reaction of all left wing liberals when it comes to energy--
First, they just lie. They always lie. They start every single argument with lies. They paint ANWR as some pristine wildlife refuge where all of our cute furry animals are sitting in green fields frolicking with each other.
Second, their history of bad predictions that never panned out are never brought up. All of this garbage was brought up decades ago with drilling in Purdhome Bay and the pipeline.
Third, the left  demands energy independence but can't get their brains out of the toilet long enough to realize what it will take to do so. They won't allow nuclear, coal digging, oil drilling, offshore rigs, etc. But they instead throw out more decade old arguments about solar power and wind power (unless those windmills are off the coast of Martha's Vineyard and ruin a liberals view).
-more-
When I started driving in 1977 the price of regular was $ 0.58 per gallon.
God forbid we drill Alaska...
 
 
 
 
 
 
 
Most of the price of a gallon of gas is from taxes. But don't hold your breath waiting for any pol to suggest a cut. I heard three retail clerks talking the other day about how we should tap the Strategic Petroleum Reserve. Like that would fix everything. Sheesh. People are so unbelievably clueless.
 
 
U.S. sees cause for concern over gas
Yahoo ^ | 3/5/04 | James R. Healey and James Cox
 
The $1.60 or so a gallon we are paying is about 80 cents gas and 80 cents tax. Europeans $4.00 a gallon is 80 cents gas and $3.20 tax.
 
Most of the price of a gallon of gas is from taxes. But don't hold your breath waiting for any pol to suggest a cut. I heard three retail clerks talking the other day about how we should tap the Strategic Petroleum Reserve. Like that would fix everything. Sheesh. People are so unbelievably clueless.
 
 
 
Other ideas?
 
 
Oil from Coal....Boon, Bane, or Boondoggle?
various links | 12-31-01 | backhoe
 
 
 
http://www.freerepublic.com/focus/f-news/1098832/posts
Students Gas Up Buses with Fryer Oil
Washington Post ^ | March 16, 2004 | Leef Smith


TOPICS: Extended News; News/Current Events
KEYWORDS: backhoe; biodiesel; energyprices; ethanol; gasprices
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To: Eva
A major problem is that we no longer have a single totally US oil company.

You confuse citizenship with trade, Eva.

While we as individuals may care about the citizenship of those with whom we trade, we all would lose a great deal if we imposed citizenship to which you refer in your post on COMPANIES.

61 posted on 03/18/2004 7:31:04 AM PST by TopQuark
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To: Made In The USA
Agree, and the confiscation your speak of is relentless. Blind... all too blind...

If you do not see me pumping gas at the gas station and ONLY see that I am handing my money over to the attendant, you might similarly think that he robbed me.

You would be equally wrong in that case, of course.

62 posted on 03/18/2004 7:33:03 AM PST by TopQuark
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To: TopQuark
I understand that. There is plenty of supply here. Demand has tapered from it's high in 1999. Price is up considerably since. What we actually have in this area is one major owner who runs three brands (Chevron, Texaco and Shell). Everyone waits to see how he's gonna price his fuel for the day and then sets theirs.

Get away from his stores and the local competitors and the prices drop significantly.

63 posted on 03/18/2004 7:37:51 AM PST by IYAS9YAS (Go Fast, Turn Left!)
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To: AdamSelene235
Petronski:(b) on a logarithmic scale;
AdamSelene235:Ugh....This speaks volumes.

Yes, Adam it does: you apparently are uncomfortable not only with economics but also with logarithms if you think of them as level of education beyond reading.

If you knew anything about prices, you would know that that is a relative notion, and their ratios make more sense than they themselves. And it is changes in ratios that are captured by a logarithm.

Now, you prefer something else: arbitrarily singled out notions and measures that don't measure anything. Well, as COBOL programmers used to say in ancient Rome, purgamentum init, exit purgamentum: garbage in, garbage out.

Of course, if one puts a you-should-love-liberty slant on garbage, you expect it somehow to be transformed into a philosophical thought...

64 posted on 03/18/2004 7:40:24 AM PST by TopQuark
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To: Petronski
How about posting a chart of M3 Money Stock (a) over thirty years; (b) on a logarithmic scale; (c) that starts at zero.

Oh no, Mr. Petronksi: this may uncover facts, you cannot do that with a libertarian. Plus, knowledge of logarithms immediately give you away as an elitist and thus disqualifies you from "feeling the pain of the masses." You should not have admitted to knowing logarithms... They don't even use them is business schools any more.

65 posted on 03/18/2004 7:43:03 AM PST by TopQuark
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To: TopQuark
No, I was referring to the takeover of ARCO by BP. ARCO was a totally US company, with a totally domestic supply of crude. There was no foreign currency involved and no foreign markets either, to drive up the price of oil. BP stated at the time of the take over that they wanted to see a single price for oil in all their markets, that they hoped to raise the price of gasoline in the US to the same price that they pay in Europe. That was $4/gal at the time.
66 posted on 03/18/2004 7:43:38 AM PST by Eva
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To: TopQuark
An accurate graph as I have described would also cut down on the fear factor. And if we do that, how will they ever sell more gold? Gold! GOLD!!!
67 posted on 03/18/2004 7:45:03 AM PST by Petronski (Kerry knew...and did nothing. THAT....is weakness.)
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To: JTG
Suggestion. Buy more fuel efficient cars, people.

This suggestion is hardly practical: it presupposes the ability to process information and, more importantly, take responsibility for one's own actions. The suggestion and motivation of the oroginal post on this thread is much more practical: b---ch and moan about the markets, evil Fed, stupid government... Don't you see how much more practical THAT is?

68 posted on 03/18/2004 7:46:53 AM PST by TopQuark
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To: Eva
No, I was referring to the takeover of ARCO by BP. I understood what you were refering to, although I did not know the specific example you had in mind.

You have an erroneou perception that oil companies are insulated in those countries where they drill:

ARCO was a totally US company, with a totally domestic supply of crude. There was no foreign currency involved That's what you think. It would've been terrible if their finance department did not trade currency futures, and I would be VERY surprised if their shareholders and directors allowed that for long. Oil and gas are international markets, and even if you sell only in Montanta you are subject to price oscillations that are smoothed out by forward currency contracts. In addition, a domestic oil company tips into spot oil markets when they are short in supply or have excess volume.

and no foreign markets either, to drive up the price of oil. The price for oil was not determined by ARCO. It was determined by demand and AGGREGATE supply.

BP stated at the time of the take over that they wanted to see a single price for oil in all their markets, that they hoped to raise the price of gasoline in the US to the same price that they pay in Europe. And you thing that ARCO, being good Americans they were, would not want the same thing?

In addition, you misunderstood what BP said: it is a well-managed company and I cannot believe that someone could say such a silly thing, which would cause laughter even in an MBA class...

69 posted on 03/18/2004 7:57:24 AM PST by TopQuark
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To: Petronski
Gold! GOLD!!!

Yeh... That's the ticket...

Snake oil is also good, I hear. Unfortunately, it was all confiscated by the Fed, masons, and international Jewish bankers as part of enslavement of the American people. Otherwise I would definitely buy some: a solid investment.

70 posted on 03/18/2004 8:00:03 AM PST by TopQuark
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To: TopQuark
Thanks a lot! That's a great compliment.
71 posted on 03/18/2004 8:10:59 AM PST by OneTimeLurker
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To: TopQuark
What you said about ARCO was true after Lod Cook retired as CEO, but under his leadership the company was more interested in preventing a takeover than in pleasing stock holders. With this in mind, Cook increased the debt to value ratio to a such a high level that a take-over was unattractive. The idea was to keep the company going, rather than please the stock holders. After the embargo of '78, ARCO pulled out of all it's foreign holdings and concentrated solely on it's Alaskan oil, purposely to be free of the OPEC pressure. ARCO was one of those companies that people were proud to work for, because they seemed to believe that doing the right thing was the only way to do business. (At least in the divisions that my husband worked) The other companies didn't like ARCO because they made them look bad.
72 posted on 03/18/2004 8:11:25 AM PST by Eva
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To: Steve_Seattle
"Someone on the radio was predicting $5/gallon by summertime. I wonder if OPEC would do that to undermine Bush's re-election.."


BS maybe $3 in CA but $5? C'mon.

Yes, OPEC would prefer Kerry.
73 posted on 03/18/2004 8:12:02 AM PST by raloxk
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To: Coleus
"1- drill for gas & oil like crazy- onshore, offshore, and in Alaska 2- go nuclear for power 3- convert stationary plants to clean coal technology 4- slash taxes and regulations like crazy>>>
"

that is a solution but not for 2004. More like 2010
74 posted on 03/18/2004 8:13:14 AM PST by raloxk
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To: TopQuark
The price for oil was not determined by ARCO. It was determined by demand and AGGREGATE supply.

I forgot to explain my remarks on this. Another poster was claiming that the weak dollar was the cause of the price rise. There is no foreign exchange involved in the sale of domestic crude. Also, the philosophy of the board changed to a more market conscious strategy after the Lod Cook left. They reversed everything that Cook had done and basicly prepared ARCO for the takeover by BP, for which they were paid handsomely.

75 posted on 03/18/2004 8:21:47 AM PST by Eva
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To: TopQuark
Markets do not provide public goods,

There is no such thing. Is a polio shot a public good to the one child in a million who dies from it? Is a highway a public good to the man who loses his farm for it?

and we hire the government to provide them.

Hiring refers to a voluntary process. You are referring to a non-voluntary process based on violence not collaborative activity.

Naturally, any contract grants privilages and imposes duties, so to partake of public goods you as individual do forgo certain freedoms.

Please provide evidence that I have signed such a contract.

Having common currency, including that which is "faith-based," in a public good

Not for young folks trying to purchase inflated housing. Or old folks being robbed of their benefits and savings via inflation. Remind me how falsifying the CPI is a public good?

76 posted on 03/18/2004 8:36:16 AM PST by AdamSelene235
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To: backhoe
3- convert stationary plants to clean coal technology 4- slash taxes and regulations like crazy

The 4 makes the 3 superfluous as you will be able to go dirty like crazy.

77 posted on 03/18/2004 8:40:00 AM PST by A. Pole (<SARCASM> The genocide of Albanians was stopped in its tracks before it began.</S>)
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To: TopQuark
If you knew anything about prices, you would know that that is a relative notion, and their ratios make more sense than they themselves. And it is changes in ratios that are captured by a logarithm.

The ratio of what to what?

Now, you prefer something else: arbitrarily singled out notions and measures that don't measure anything.

What do you propose we use a unit of monetary measure? Lord Greenie himself has rejected all the M's and MZM.

78 posted on 03/18/2004 8:42:50 AM PST by AdamSelene235
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To: TopQuark
Gold! GOLD!!! Yeh... That's the ticket... Snake oil is also good, I hear.

Actually just plain dumb steel, copper, soybeans or oil have been sufficient for the last several years.

Now why is that?

Could it have something to do with the fact the Feds probably have more unfunded liabilities than all privately held wealth in America?

79 posted on 03/18/2004 8:48:13 AM PST by AdamSelene235
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To: Eva
What you said about ARCO was true after Lod Cook retired as CEO, but under his leadership the company was more interested in preventing a takeover than in pleasing stock holders.

Eva, "prevewnting" a takeover IS in the interest of shareholders. Takeovers cannot be prevented altogether: poison pills increase the price, which is in the interest of the shareholders.

Sound like you'be been subjected to a great deal of anti-management rhetoric from armshair generals in your company: somehow, even if one's expertise is limited in makign two-sided copies, he still knows best what is good for the company --- having never seen its books even!

With this in mind, Cook increased the debt to value ratio to a such a high level that a take-over was unattractive. And what happened to the price of the stock?

The idea was to keep the company going, rather than please the stock holders. I would think that to let the company function as a going concern IS the mains interest of the shareholders.

After the embargo of '78, ARCO pulled out of all it's foreign holdings and concentrated solely on it's Alaskan oil, purposely to be free of the OPEC pressure. That is a bet the company made, like many strategic decisions management faces.

ARCO was one of those companies that people were proud to work for, What people are proud of is the function of their psyche and often has little to do with the object of pride. Witness, for instance, the pride of a parent in her or his child: it is there even when the child's achievements are average. There is nothing wrong with that (in fact it's great for the lucky child) but it has nothing to do with the child itself.

In those times, Eva, Americans were generally proud of their corporations. The same was true about people who worked for GM, GE, aerospace industry: you were a part of something big, you were making America great. A generation before that, Americans were proud of their country in general, but by '70s the civil rights movements not only achieved equality for minorities but went further and imposed guilt and shame on Americans. We were no longer proud of our country and ashamed of what "we" have done to the VIetnamese, blacks, women, Latin Americans: the leftists have won that territory. However, we were still proud of our corporations.

Well, the battle continued and granted more victories to the left, which after patriotism went on to dismantle other insitutuions: family, parenting, primary education (liberal arts higher education is dead since 1050s) -- and, finally, capitalism itself. The change in attitude manifested itself in 1987-1989 or so with a notable increase in labor turnoover: loyalty to companies has disappeared. Companies have responded, of course, by cutting costs in that area --- from reduced benefits to "hotelling" (office-sharing).

You may or may not see the point in the specifics I offered, but the main point is valid: whether employees feel good or bad working for the company has nothing to do with the company's strategy in the global market. This is simply because people do not know management, although they believe they do --- just because they observed their managers (sort of like fancying oneself being an engineer just because you've seen a car or better yet --- drove one!) Havig very little reason of that kind, people liked working for ARCO in 1970s and they do not, as you say, now --- with equally little reason.

Most certainly, this feeling has nothing to do with the company strategy or country of incorporation.

80 posted on 03/18/2004 8:50:22 AM PST by TopQuark
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