Posted on 02/26/2008 4:30:47 PM PST by reaganator
Gasoline is $3.19 here in Ohio today. Is anyone fighting to lower the over reaching, restrictions on production. Is there any hope for the abilty to manufacture gasoline to dramatcally increase in the near future?
If the answer is nothing, what then?
And as related to oil production from off the coasts those reasons are?
When we're talking about barrelage, it's pretty much a supply and demand proposition -- with a little speculation mixed in for spice. Long-term, under current conditions, supply will grow only slowly while demand will grow at a faster rate.
When we're talking about refined products, much of the cost reflects largely irrelevant subjects -- like multiple blends, inventory, distribution, oxygenator supplements -- that are mandated by law, but have no purpose other than to enrich or assuage particular special interest groups.
In addition, refineries are operating at 97% of capacity. After downtime for routine maintenance, there's absolutely no room to accommodate any outage for storms, pipeline disruptions or accidents. Consequently, every one of these incidents is going to result in a price spike.
Net:net -- the price of gasoline is going to remain high until we have an energy policy that makes frigging sense.
Thank you......even with the increase in demand, prices CAN be driven down with an increase in supply. However, with the tree-hugging, cross-the-isle policies from the looking glass...prices will not fall anytime soon. And with my first statement/question.....how far wil prices rise with more fuel efficient vehicles??? Oregon is already looking at policies which will tax vehicle owners on the DISTANCE they drive b/c they are afraid of losing tax revenues to more fuel efficient vehicles............
Take some cars off the roads, I can only guess but its no small amount but if there was stronger laws and detections of non registered vehicles or vehicles driven illegally by illegal immigrants there would be no shortage.
We do not need to be subservient to gasoline in the future, we should start now to lessen its use.Diesel is a fair stop gap measure and I applaud the use of E85 fuel so long as its from non-edible starches like sawgrass. I would think even sugarcane would be a good choice without spending time to research it.
Those that are crying about the price of gas are probably spending their money foolishly and not realizing just how fortunate we really are, they can take whatever they own be a ‘62 Chevy or an H2 and trying filling it up in Italy or the UK.
Just one more example of how the people have to "tighten their belt" in tough times. But governments can't be asked to do without "their money".
^
You got a source for that figure? Lowest I can find is abotu $12 per barrel, adjusted for inflation put that price at $15...
Nov 98 to Feb 99
United States Crude Oil Spot Price http://tonto.eia.doe.gov/dnav/pet/hist/wtotusaw.htm
Oh, I see, like Kennedy and Biden both oppose offshore windpower because they might look out their respective seaside homes and catch a glimpse of them. Really strong reasons...
Or how about this one I happen to know first hand... Farmer bulldozes out a single tree in the middle of a 120 acre field - It rains before he got it cut up and the hole filled in - now he can't fill it in - it is officially a wetland - because there was a puddle of rainwater in it when they saw it from the air! Another excellent environmental reason...
I could go on and on, but what's the use... Until the faux conservationists begin starving, you will not see any change.
But their general idea is that there are too many people and their activities are destroying the biosphere which supports us all. Environmental laws have been put in place to try and reduce or suspend the most destructive of those activities and they are generally quite good. Gutting them will only accelerate the destruction.
Objections to the laws come not from those who think they have a better way but from those who want to continue what doing what they're doing regardless of the consequences...and that tells me everything.
What's required of us is hard, even terrifying but what's the alternative? There simply is not enough oil to go around. Acting as if there was will only make things worse...and sooner.
$8.90/bbl is close enough.
That’s not even the point.
Morons who claim the oil industry either orchestrated the current prices or are doing nothing to increase supply today are just morons on so many levels.
Not only is not remotely true, but it wouldn’t even make sense.
Hmmmmmmmmmmm what could happen between now and the fall that would make more voters not look favorably at Clintoon, Obanana, or McRat?
My husband and I have been discussing suggesting to the local Indians (WA State) that they build a refinery, they’re the only ones that can do it without a lot red tape.
Here it is again with your comment (minus the editorializing) to which I responded:
Environmental restrictions are in place for excellent reasons.And as related to oil production from off the coasts those reasons are?
I'll add this: make them excellent OK?
Absolutely WRONG!
I have been involved as an environmentalist since the 1950's, even had a weekly radio program on the subject. Anytime you think you can improve the environment by committee or legislation, you will do far more damage than you will help!
Stop and think - US environmental laws tend to push companies to move production overseas - Gee, just think how this helps - China only produces 8 times the pollution that was created when made here... Really helps the planet doesn't it...
Gas for my Pontic.
And my Indian motorcycle.
:>)
OOOPPSSS Not sure where the hell I got that one. Thanks for the correction. CIA fact book says 20.8 from 2005.
Why would they charge you $2.00/gallon when you are willing to pay $4.00 or $5.00? The demand will not fall one bit. Sure people will bitch and whine but they will keep filling up, driving 100 mph, taking off like its a Drag Strip, and then bitch and whine when they fill up again.
Simple economics...
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