Another record price, you say...hmmmmm.
Posted on 05/16/2008 2:57:01 PM PDT by meandog
NEW YORK - As President Bush wrapped up a meeting with Saudi Arabia's King Abdullah on Friday, the country's oil minister announced the Middle Eastern nation had opened its taps and was pumping an additional 300,000 barrels of crude a day. Back in Washington, the Bush administration bowed to congressional pressure and agreed to temporarily stop filling a key government oil stockpile, potentially increasing supply even further. One day, two moves designed to allay concerns about an overheated oil market that's squeezing drivers and inflating the prices of all sorts of goods. The response on Wall Street? Traders did what they've been doing for months now, and pushed crude oil and gasoline futures to brand new highs.
(Excerpt) Read more at msnbc.msn.com ...
Please do not alter headlines.
You’d save some keystrokes by simply typing, “BUSH’S FAULT!”
But I feel it was BUSH'S MOM's fault; after all, she gave birth to him!
Oh. No. The sky. Is Falling.
I believe, since oil is the key to freedom, growth, wealth and power, that there is a group of speculators who want to restrict it, make it as expensive as gold, and hold up our country to ensure the establishment of a socialist eww-topia so the elites can be entrenched in power forever. Destroy liberty, honor, the family and make this a serfdom along with the rest of the world. To do that they have to crucify Bush and conservatives. Soros is behind this I betcha.
Not nearly high enough. We need to be about $6.00 plus a gallon
Only extreme pain at the pump will get Americans off their butts and make Congress do something about our socialist energy polices.
Personally, we need to march on DC, drag the assclowns out of the Capital, tar and feather them and latch on the front of Amtrack train.
$6.00 a gallon will probably do it.
Autoshifting bicycleAlso, I'm keeping an eye on developments in biofuel production.
First, the bad news about ethanol. Ethanol fires are evidently harder to control than gasoline fires.
Ethanol fires hard to control 1Hopefully, ways will be developed to make controlling ethanol fires easier.
Ethanol fires hard to control 2
On the brighter side concerning ethanol, there's now evidence that people might get as much, or more, bang per buck for their gas dollars with gas / ethanol mixtures.
Gas-competitive gas / ethanol mixturesAlso, I was surprised by the introduction of a machine (popularly known as a still) for making home-made ethanol.
EFuel100In stark contrast to the 1700 gallons of water required to make one gallon of corn-based ethanol as indicated by the OP, the EFuel100 uses only 170 gallons of water to produce 35 gallons of ethanol In other words, the EFuel100 uses less than 1% as much water as corn ethanol, under five gallons, to produce one gallon of ethanol (corrections welcome).
But watch out for fines for violating biofuel regulations.
Fines for violating biofuel regulationsAlso, progress is being made in the development of other non-corn ethanol production technologies as well.
Non-corn ethanolFinally, I've also been hearing good things about biodiesel production but need to find some links.
Ouch.
I remember two summers when oil hit a record high of $64/barrel. I remember thinking how ridiculously high that was. I’m laughing at that now.
Something’s going to happen in the Middle East soon, and it’s not gonna be pretty. Get ready for a fun summer.
*two summers AGO...
Succinct.
170/1700 = 10%. not 1% :-)
Right idea, wrong place ... they're back home now .... AND WE KNOW WHERE THEY LIVE.
It is his fault, what’s your point?
I'm glad that somebody is keeping an eye on me. :^)
Your calculation is what I had first thought. But then I noticed that 35 gallons of ethanol comes out of the 170 gallons of water which I think changes the ratio.
What do you think?
How is it Bush’s Fault™? He didn’t fly up to ANWR and start drilling himself? I thought Cheney was the old Halliburton hand, anyway.
I think the 1% refers to a small amount of water in the final mix of ethanol. Remember that most of the water needs to be removed or your car won't start ;-).
Personally, I would like to see the bacteria version working so I can make ethanol from sunlight and CO2 rather than 10 pound bags of sugar.
Our national energy policies has been anti oil, anti drilling, for more than 30 years.
I never realized Bush as a mere lad was the reason Congress as acted in total disregard to this countries energy needs for decades.
Bush is far more powerful than I ever knew : )
No. It says it uses 0-4 gallons of water for each gallon of ethanol produced. Compared to 1700 gallons for corn based ethanol.
I'm not finding the figures. But 1% of 1700 is 17, so 0-4 doesn't make sense either. Why not say 0.25%?
Hmmm. After 7 years in office, oil boy Bush and his entire administration didn't see this coming? Did the Republican Congress? The Republican Senate?
Where were the Republicans in the past 7 years when they controlled nearly everything in D.C.?
Who we gunna blame now? The other corrupt party?
What $128?
Looks like $126.29
But 1% of 1700 is 17, so 0-4 doesn't make sense either. Why not say 0.25%?
It said less than 1%.
$6 a gallon will destroy the economy.
Okay, wow, I didn’t look through all the pdfs.
The only phrase that scares me on that page is “unique membrane, designed specifically for the MicroFueler”. I have a feeling that the big plastic tanks are not the most expensive part of this machine...
Well, I don't know if it will destroy it, but you can bet it will severely jack hammer the hell out of it much more so than now, in addition crime will start to increase dramatically.
....You guessed it, Automobiles. The two just don't seem to mix and motorists seem in no mood to share the road.
No price is too high for energy independence. LOL!
Bullish!
The dollar is solid. Inflation is dead. Housing is on the rebound. Get out there and get deeper in debt folks! Party like there is no tomorrow. All is good. The economy couldn’t be better.
Do you even have a clue as to what the price of oil was when all mighty, can do no harm, Jorge Bush took office?
Try and figure it out for yourself and stop listening to the drop outs.
Like I told your friend.
Do you even have a clue as to what the price of oil was when all mighty, can do no harm, Jorge Bush took office?
Stop listening to the drop out!!!!!!!!!!!!!!!!!
The traders are the ones responsible. They did this last May too.
Prices won’t come down until after Memorial Day.
I fail to see where I said Bush did not harm and was almighty. Personally, he's been a complete failure in many aspects of his administration
If you reread what I posted, it's Congress who failed us in the last 30 years. The executive branch of the government has very little to do with energy policy and the laws that control it.
Primer in US government: Congress passes legislation, the POTUS signs it or veto's it.
BTW, do you really think Bush controls the price of oil?
I hope you are not that simplistic
Are you sure? I'm not.
Definitely, will lower our standard of living several notches.
At what point does the average American take back control of our country and hold the Congress accountable for our socialist energy policy ?
At some point free men stand up and take destiny into their own hands....
Maybe that's the problem, most Americans forgot what a free man looks and acts like
Historically speaking the dems have been the most egregious in keeping us hostage to OPEC and not allowed domestic drilling and refinery capacity so we can control our energy destiny for the last 30 years.
Only of late have the gutless, feckless "pubbie" congress have thought it was expedient to act like "rats"
All are fault and need to hold accountable
Good Job,
Now what’s the cause of a 270% increase in gas prices? Could it be an endless war for nothing, or maybe the exuberant nonsensical spending by an incompetent administration, or maybe it’s the oil companies knowing that moronic gutless cowards like you are pretty much willing to pay anything as long as the Golfer tells you it’s ok.
Now as the Wall-Banger, and Golfer would say, Be a good American and go vote for Mccain.
I may just vote for McCain, you cretin, because at least then it’ll cancel out your vote for Obama. No blood for oil! LOLOLOL
Prices are determined on the open-worldwide market by supply and demand. The idiot democRAT senate this week refused to allow us to increase our own supply by drilling domestically. What a bunch of anti-American losers.
Supply and demand? Bosh. A little pixie-dust sprinkled here and there and gas would be 95 cents a gallon.
We just keep feeding the billions to the terrorists who turn around and fund their takeover of us.
Are you sure? I'm not.
Definitely, will lower our standard of living several notches. At what point does the average American take back control of our country and hold the Congress accountable for our socialist energy policy ?
Take it back? From Whom?
Isn't that why we elected Republicans to the House, Senate and White House? Like I said, they held all power in D.C. for almost 7 years.
Now, we've got 3 inept socialist running for President, and the Republicans have most of the country *very* PO'd.
Take back what from whom? These people are clearly as entrenched as their party insiders.
One more thing ya ought to remember. If your doing so so or OK economically, it might only be a few notches for you. However, if your borderline busted economically, your going down in flames over deep water if these trends continue.
This Republican is a conservative who believes in capitalism and the price of oil is determined by the market and not by Republicans. If oil returns to $30/bbl, guess who will be hurting then? The Bush administration has spent 7 years trying to convince Congress to drill, use more coal, improve efficiency, and build nuclear. When the public demands action, Congress will respond. $3.50/gal when Europe has been paying twice that for years is still a good deal. If Saddam or Ahmanutjob had traded nukes with each other or Israel, what do you guess the price of gas would be now?
Well, one can hope that the fear of getting their Congressional butts tossed out in 2008, 2010 will get them motivated to actually listen to the American people.
He has? Hmmm.
So your suggesting Bush could not even get a Republican majority in Congress to support him?
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