http://www.freerepublic.com/tag/gasprices/ en-us Thu, 31 Dec 2009 14:09:30 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2418313/posts A state senator says Alaska oil refineries have been gouging Alaskans at the gas pump for more than a year, reaping profit margins unparalleled to ones in the Lower 48, and he is once again calling for government to step in. The state's oil refineries are making far more profit on their gasoline as the national average, according to the report released Wednesday by Sen. Bill Wielechowski and authored by the nonpartisan Legislative Research Services Division. But not everyone -- including the refineries and at least one legislator -- agrees with Wielechowski's conclusions, calling them an oversimplification of complicated market... Anchorage Daily News http://www.freerepublic.com/focus/f-news/2418313/posts#comment Thu, 31 Dec 2009 14:09:30 GMT http://www.freerepublic.com/focus/f-news/2384960/posts Has this been a trying decade for the average American, or what? It's bad enough that we've have had to cope with stagnant wages and tax increases at just about every level. But in the months ahead, we may have to deal with yet another nightmare: surging gasoline prices. Factors are lining up that could end up pushing gas prices back over $4 per gallon sometime next year. If you're already exasperated about prices at the pump, you're not the only one. Gasoline demand in 2009 has been comparatively low -- take 7.6 million Americans out of the workforce through... Dailyfinance.com http://www.freerepublic.com/focus/f-news/2384960/posts#comment Thu, 12 Nov 2009 20:30:38 GMT http://www.freerepublic.com/focus/f-news/2375015/posts The oil platforms provide an unusual artificial reef for advanced divers. Youtube 2:41 minutes http://www.freerepublic.com/focus/f-news/2375015/posts#comment Sat, 31 Oct 2009 00:56:08 GMT http://www.freerepublic.com/focus/f-news/2373052/posts Domestic oil refiners kept up their attack of climate legislation, saying a Senate bill under consideration could increase gas prices. Domestic oil refiners kept up their attack Wednesday of climate legislation, saying a Senate bill under consideration could increase gas prices. The group, among the fiercest critics of the measure, said the proposal could add 77 cents a gallon, or around 30 percent above today’s prices. Democrats on a key Senate panel shot back, saying the industry’s estimate is based on an inflated projection of the price of permits companies will have to hold to cover their carbon emissions. A... The Hill http://www.freerepublic.com/focus/f-news/2373052/posts#comment Wed, 28 Oct 2009 18:34:22 GMT http://www.freerepublic.com/focus/f-bloggers/2372929/posts Greenpeace is running rampant across Alberta’s oil sands. In the past few weeks, 37 activists have been arrested in a spate of incidents targeting North America’s most important energy resource. The most recent occurred on Oct. 5 when 19 activists stormed an upgrader in Fort Saskatchewan, Alberta. They tied themselves to equipment which is used to transform heavy oil into gasoline. The protesters unfurled banners reading “Climate Crime” and “Climate SOS” to draw attention to an industry they say is killing the planet. In September, two-dozen Greenpeace commandoes kayaked down the Athabasca River to intercept a Suncor bridge where conveyor... Personal Liberty Digest http://www.freerepublic.com/focus/f-bloggers/2372929/posts#comment Wed, 28 Oct 2009 16:19:22 GMT http://www.freerepublic.com/focus/f-news/2372671/posts U.S. consumers turned decidedly more pessimistic in October, according to a report released Tuesday, with households increasingly worried about job prospects. The Conference Board, a private research group, said its monthly Consumer Confidence Index fell to 47.7 this month, from a revised 53.4 in September, which was originally reported as 53.1. The current month's reading was well below economists' projections of 53.2, according to a survey conducted by Dow Jones Newswires. The downturn in consumer confidence at this stage of the recovery is to be expected, as it has occurred in previous recoveries (please see chart below), and does not... Seeking Alpha http://www.freerepublic.com/focus/f-news/2372671/posts#comment Wed, 28 Oct 2009 10:16:55 GMT http://www.freerepublic.com/focus/f-news/2371068/posts HA NOI — Three Vietnamese banks will jointly provide a loan of up to US$51 million to the PetroVietnam Exploration and Production Corporation (PVEP) to exploit oil and gas in the Ca Ngu Vang (Gold Tuna) oilfield. Under a credit agreement signed in Ha Noi on Thursday with the Viet Nam International Commercial Joint Stock Bank (VIB), Asia Commercial Joint Stock Bank (ACB) and the Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB), the PVEP would use the five-year loan to pay for the development and exploitation of oil and gas at the oilfield, located southeast of Viet Nam’s continental... Vietnam News Service http://www.freerepublic.com/focus/f-news/2371068/posts#comment Mon, 26 Oct 2009 14:48:05 GMT http://www.freerepublic.com/focus/f-news/2367286/posts There's something the Democratic lawmakers who are pushing cap-and-trade legislation don't want the public to know. The controversial climate-change legislation winding its way through Congress will impose a massive new national gas tax on the American people. We discovered this by analyzing what the Waxman-Markey cap-and-trade bill would do to gas prices and what Americans spend on gasoline, diesel and jet fuels. We found that cap-and-trade legislation will levy a $3.6 trillion gas-tax increase that will impact every American and important segments of our economy. Americans travel more than 200 million vehicle miles each month, and annually we spend nearly... The Washington Times http://www.freerepublic.com/focus/f-news/2367286/posts#comment Wed, 21 Oct 2009 08:42:59 GMT http://www.freerepublic.com/focus/f-chat/2366552/posts Twice an Exxon Valdez spill worth of oil seeps into the Gulf of Mexico every year, according to a new study that will be presented January 27 at the Ocean Sciences Meeting in San Antonio, Texas. But the oil isn't destroying habitats or wiping out ocean life. The ooze is a natural phenomena that's been going on for many thousands of years, according to Roger Mitchell, Vice President of Program Development at the Earth Satellite Corporation (EarthSat) in Rockville Md. "The wildlife have adapted and evolved and have no problem dealing with the oil," he said. Oil that finds its... Science Daily http://www.freerepublic.com/focus/f-chat/2366552/posts#comment Tue, 20 Oct 2009 14:05:19 GMT http://www.freerepublic.com/focus/f-news/2366064/posts Oil enters the marine environment from human activity and natural seeps. A National Academy of Science study recently estimated that about 47 percent of the oil entering the marine environment is a result of natural seepage from subsurface reservoirs. The Gulf of Mexico is an area where such natural seepage occurs at a very high rate. Of the 200,000 metric tons of oil seepage that is thought to occur each year, about 150,000 metric tons escapes from the floor of the Gulf of Mexico. Geology.com http://www.freerepublic.com/focus/f-news/2366064/posts#comment Mon, 19 Oct 2009 21:56:33 GMT http://www.freerepublic.com/focus/f-news/2365981/posts Crude-oil futures rose Monday for an eighth straight session, ending at a new one-year high near $80 a barrel as a weaker dollar and rising U.S. stocks stirred more bullish sentiment among energy traders. Crude for November delivery gained $1.08, or 1.4%, to $79.61 a barrel on the New York Mercantile Exchange, MarketWatch http://www.freerepublic.com/focus/f-news/2365981/posts#comment Mon, 19 Oct 2009 19:59:59 GMT http://www.freerepublic.com/focus/f-news/2365919/posts Since taking office as the President of the United States, President Obama has encountered crisis after crisis. His next major crisis will be oil prices. Read full article... http://newsflavor.com/politics/international-relations/next-major-obama-crisis/ State_of_America http://www.freerepublic.com/focus/f-news/2365919/posts#comment Mon, 19 Oct 2009 18:37:02 GMT http://www.freerepublic.com/focus/f-bloggers/2360255/posts The government is, increasingly, the enemy. Imagine the jobs, the wealth, the independence, and cutting the jihad snake off at the head. There is no downside. We could easily extract that oil with minimum impact to the trees. ..... For decades, Democrats have blocked efforts to responsibly develop this nation's energy resources, transforming vast areas of opportunity into "The No Zone." (hat tip Jim) Atlas Shrugs http://www.freerepublic.com/focus/f-bloggers/2360255/posts#comment Mon, 12 Oct 2009 00:18:39 GMT http://www.freerepublic.com/focus/f-news/2355798/posts A call to drill for oil and natural gas in the narrow strip of Florida-controlled waters in the Gulf of Mexico will be the subject of a forum late this month at Florida State University. Rep. Dean Cannon, R-Winter Park, wants the Legislature to lift the ban on offshore rigs in state waters and give the Cabinet authority to consider drilling applications. Cannon’s proposal came as a surprise earlier this year -- it died in the waning days of the legislative session -- and he’s now waging a campaign to win support for a drilling bill he plans to file... Orlando Slantnel http://www.freerepublic.com/focus/f-news/2355798/posts#comment Tue, 6 Oct 2009 11:54:37 GMT http://www.freerepublic.com/focus/f-news/2091845/posts The Subprime home mortgage collapse...a Primer. It's ALL about the CRA of 1977 Community Reinvestment Act (CRA) of 1977 - This required banks to offer credit throughout their entire market area for “underserved” populations and small businesses. The CRA gave incentives to help low income borrowers become “home owners”. Liberals call this group “low income borrowers”. Conservatives call them a RISK!The CRA was passed by the Carter administration. In 1995 the Clinton administration authorized subprime loans under the CRA. Democrats added these provisions for the securitization of subprime loans and then ENFORCED the lending to high risk individuals. By 2000,... Various http://www.freerepublic.com/focus/f-news/2091845/posts#comment Sat, 27 Sep 2008 17:08:08 GMT http://www.freerepublic.com/focus/f-news/2338607/posts California's gasoline taxes are 43 percent higher than the national average, according to a recent study by University of California and California State University economists. Since 1997, Californians have paid up to 60 cents more per gallon of gas than residents of other states. That is simply unacceptable. Major fuel consumers and employers in this state, like United Airlines, who rely heavily on affordable fuel prices, are being hit hard by these California-only fuel polices. What causes this disparity in fuel prices? It's simple: California prices are increasingly inflated by the state's policies, taxes and fees. These California-specific rules and... Sacramento Bee http://www.freerepublic.com/focus/f-news/2338607/posts#comment Sun, 13 Sep 2009 15:24:42 GMT http://www.freerepublic.com/focus/f-news/2334601/posts Senators Tom Coburn, M.D. and John McCain released a report on $78 billion from the Highway Trust Fund not being spent on bridges or roads. “Out of Gas: Congress Raids the Highway Trust Fund for Pet Projects While Bridges and Roads Crumble” includes an analysis of a newly published GAO study the two Senators requested to determine how Congress is spending Highway Trust Fund receipts. Coburn Oversight Committee http://www.freerepublic.com/focus/f-news/2334601/posts#comment Tue, 8 Sep 2009 15:04:48 GMT http://www.freerepublic.com/focus/f-news/2324451/posts Energy Policy: A new study shows that Waxman-Markey will increase prices at the pump, deepen our dependence on foreign oil and shred our ability to turn crude into gasoline. Even fuel-efficient cars will still need fuel.Oil may bubble up out of the ground, but gasoline does not. It's made in those ugly little NIMBY places called refineries we are loath to build anymore because we're too busy trying to save the Earth rather than our economy and American jobs. When Hurricane Katrina shut down 20% of our refining capacity in a single day and raised gas prices in a single... IBD Editorials http://www.freerepublic.com/focus/f-news/2324451/posts#comment Wed, 26 Aug 2009 00:59:14 GMT http://www.freerepublic.com/focus/f-news/2315557/posts Cap-And-Trade: The administration likes to defend bad policies with analogies to the post office. New studies from a business group and the administration itself confirm that cap-and-trade belongs in the dead-letter bin.Along with Energy Secretary Steven Chu, Rep. Ed Markey likens the cost of the Waxman-Markey cap-and trade bill to "about a postage stamp a day," based on estimates made by the Congressional Budget Office and the EPA. But as we and others have shown, they arrive at this magical number in part by ignoring the hit on gross domestic product and employment that will occur. As Garret Vaughan, economist... IBD Editorials http://www.freerepublic.com/focus/f-news/2315557/posts#comment Fri, 14 Aug 2009 00:27:29 GMT http://www.freerepublic.com/focus/f-news/2315519/posts asoline prices are up since the start of the year, but the summer of 2009 has thus far been a bargain at the pump compared to a year ago when prices exceeded $4 a gallon. However, the respite from sky-high prices is likely temporary. A return to $4 a gallon gas--or higher--will be made even more certain if Congress and the President succeed in enacting a host of proposals to crack down on domestic energy supplies. Instead, the federal government should support several pending pro-domestic energy measures that would help meet the nation's growing demand in the years ahead. heritage http://www.freerepublic.com/focus/f-news/2315519/posts#comment Thu, 13 Aug 2009 23:50:11 GMT http://www.freerepublic.com/focus/f-bloggers/2309356/posts It is estimated that there are anywhere from 18-95 BILLION Barrels of oil underneath our continental shelf. There are almost 7 TRILLION Barrels of Oil in the shale under the Rocky Mountains (to be fair, with present technology we can only get to around 800 billion barrels of it). Today America Consumes about 20 Million Barrels/day approximately 7.5 million of which we get domestically. My math tells me, using the minimum numbers (18+800 Billion) divided by 20 million, divided by 365 days, the US has an import free Oil reserves of at least 112 YEARS. Drilling would be a true... IBD/The Lid http://www.freerepublic.com/focus/f-bloggers/2309356/posts#comment Thu, 6 Aug 2009 04:17:42 GMT http://www.freerepublic.com/focus/f-news/2300908/posts Imagine the post-oil apocalypse, with modern American society heading into a direction with no Disney vacations, no airlines – a world devoid of one-stop convenient big retailers. Sounds like a desolate place, but that’s an ideal society according to Forbes magazine Christopher Steiner. Steiner appeared on NBC’s July 24 “Today” and described a world with gas headed to $20 a gallon, but according to him it wouldn’t necessarily be a bad thing. ...more (w/video)... businessandmedia.org http://www.freerepublic.com/focus/f-news/2300908/posts#comment Sat, 25 Jul 2009 16:31:40 GMT http://www.freerepublic.com/focus/f-news/2300402/posts Retail gas prices are increasing around the country even though U.S. supplies have swelled for six weeks in a row. Pump prices rose the final three days this week, including a half cent Friday, to a new national average of $2.47 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of gas is still more than 20 cents cheaper than it was a month ago, and it's priced at a major discount to last year, when the national average was above $4.02. But with so much unused gasoline in storage, analysts said prices... AP http://www.freerepublic.com/focus/f-news/2300402/posts#comment Fri, 24 Jul 2009 20:37:53 GMT http://www.freerepublic.com/focus/f-news/2296870/posts As you're filling up your tank this weekend, it'll be hard not to think about the cost. Back when gas was $4/gallon, many of us made seemingly radical changes to our lifestyle, cutting back how much we went out to eat, riding the subway more, even moving closer to work. But $4 gas was only the tip of the iceberg, says Chris Steiner, author of the new book "$20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better" (Hachette Book Group, June 2009). According to Steiner, a staff writer at Forbes... Seeking Alpha http://www.freerepublic.com/focus/f-news/2296870/posts#comment Mon, 20 Jul 2009 19:51:27 GMT http://www.freerepublic.com/focus/f-news/2292370/posts WASHINGTON – Higher energy prices rippled through the economy in June, helping to drive a bigger-than-expected gain in retail sales. The sharp rise in wholesale prices — as well as "core" prices that exclude food and energy — could fan investors' fears about inflation. Economists viewed the energy cost hikes as temporary and not the beginning of a dangerous bout of spiraling prices, but said consumers likely will remain cautious as the unemployment rates ticks up. The 1.8 percent jump in the Producer Price Index, which tracks the costs of goods before they reach store shelves, came after wholesale prices... Ap via yahoo.com http://www.freerepublic.com/focus/f-news/2292370/posts#comment Tue, 14 Jul 2009 17:21:37 GMT