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?
Then by all means stay away from any article involving ethanol ... better known as the farmer/ag bashing parties. There are an abundance of ignorant opinions there.
If we classify this problem as a science and engineering problem, and let those possessing above room temperature IQs (e.g., NOT the poly sci majors), this problem can be solved tres vite. If we classify this problem as a political one and leave it to those who could not obtain sustainable employment outside of politics or law, we are doomed. Be afraid, be very afraid.
“It will continue to increase because total world consumption will continue to increase”.....
So consumption is the ONLY thing driving up prices????
Not really. The cost of production of everything is increasing. Some of it feeds on itself of course, but there is still some excess capacity if they want to jump production a little more.
Sooner it hits 10.00 a gallon the better the nation will be.
That article is nearly 2 1/2 years old.
How so?
Yours is the most reasoned response in the hole string! Nice to see that someone can actually frame a problem and then start to develop a solution.
The price of oil is increasing for two reasons. Demand is increasing and the dollar is falling.
The oil companies have no control over either of those factors.
You cannot find an example of an American oil company who is holding back production at these prices. They are drilling, spending, and producing as fast as they possibly can.
And they would be nuts not to.
Oil refineries need to located near sources of crude oil and distribution systems for refined products. The lack of land is not the problem for building a new refinery, it is the immense restrictive regulations that prevent it. That is why the oil companies continue to expand the existing ones.
Yes, you read that right. $8.00 dollars
At that price Americans will actually storm DC and make our baboons in Congress DO SOMETHING
American only pay attention after getting their bottoms spanked. $8.00 a gallon will do that.
There is an 18.4¢ federal gas tax and each state is twice or more than the federal tax. I think the guy who mentioned the tea tax is on to it. The people are always the ones to cut back, drive less, pay more for goods and services, but the government NEVER has to cut back. It makes me ill to see the pontificating politicians drone on and on about price gouging, yet never consider for a moment what a difference it would make if the federal gas tax were cut in half, let alone the large bite each state takes.
Oil companies don’t make their money off gasoline refining.That would explain why we don't have more then wouldn't it.
And so it was 30 years ago. We should be happy we have a sort of stability in the oil industry now.
The domestic production of gasoline continues to expand through expansion and upgrades of existing refineries.
U.S. Weekly Finished Motor Gasoline Production
http://tonto.eia.doe.gov/dnav/pet/hist/wgfrpus24.htm
Making the big bucks, huh?
“The supply is 100% and any more there would be no place to store it.”
Unless, of course, you had more places to store it.
Your point is taken, in that there isn’t a viable alternative to ICE powered cars.
With effective electric and hybrid alternatives, the price of gasoline will drop. It’s already been demonstrated that most hybrids are $3k worth of extra battery packs away from actually delivering 100 MPG. For some reason, the manufacturers aren’t modifying their products to hit this mark when they know they can.
Let me turn that around and ask you what you think should be done given that
a) Saudi Arabia, OPEC, and all other major oil producing countries have no surplus and no prospect of a surplus in the near future. You can take Yergin's side against Simmons, and contend that the best evidence is not very good but - for the sake of this argument - agree with this limitation.
b) Environmental restrictions are in place for excellent reasons. Again you can dispute that they are unreasonable - despite consensus expert judgement that they are not - but, for the sake of this argument - agree with this limitation.
Either they do or don’t.
Pick which side of your mouth you want to speak out of and stick with it. Helps with your ultimate credibility.
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