It's a bunch of Bullshit and the oil compainies continue to post record earnings... Greedy Bastards !!!!
It's a bunch of Bullshit and the oil compainies continue to post record earnings... Greedy Bastards !!!!
This sounds like a great reason to shut down the border. Our population 'growth' is coming from the invasion from the southern border.
Correction: About 1000 billion(not million) barrels have been pumped up. Known resources--those which researchers are 90% certain about--are another 800-1200 billion barrels.
Today, three barrels are used for every one that's now found. There is no independent reserve data center; OPEC countries have low levels of democracy and precious little insight into their public processes.
OPEC countries have strong incentives to over-report reserves. It reassures buyers that the supply is plentiful, thus insuring large revenues.
The North Sea deposit peaked in 2001 and is now going downward.
Ok, so since we're totally screwed in 10-25 years, as you say, then what should we be doing?
Redouble efforts in solar, wind, nuclear(?), and geothermal technologies, in which the US led in the 1970s. Other countries now lead in these areas.
Invest in cellulose-based fuels, which can be blended with or replace fossil-based fuels. They trap as much CO2 as is emitted when processed and burned, thus making a closed loop process.
Pebble bed nuclear reactors may be a "least worst" type of solution, or interim solution.
Continue research into hydrogen fuel cells and hybrid technologies.
Turn away from centralized corporate farming, which now requires massive amounts of fossil fuels for pesticides, fertilizers, etc. Grow and buy local produce in more sustainable ways(less fuel burned in transport).
Invest in more walkable, bikeable, RUNNABLE infrastructure.
That 293 in the picture - is that 2 dollars 93 cents?
God, I wish.
You Yanks don’t know when you’re well off!
I just filled my tank in England at 7 dollars 32 cents a gallon!
Vex wrote:
It's a bunch of Bullshit and the oil compainies continue to post record earnings... Greedy Bastards !!!!
And you propose what? That they stop making money? Excellent bussiness advice.
Bang!
xc04 wrote:
Thomas Friedman in the Times goes on about this all the time. We need a gasoline tax to keep gas at about $4.00 all the time and then people will surely change their lifestyles to use less oil and gas. Additionally the price at the pump would not fluctuate depending on global events as the tax could be raised or lowered depending on the price of crude oil. Remember Americans pay far less at the pump than do most Western countries.
The standard rebuttal to this is that it easy for people in NYC to harp on about using mass transit but that it is not feasible in 95% of the country.
A tax on SUV's seems obvious, but then again obvious things never get passed in Congress (REP or DEM - before this post gets removed for violating the no REP Bashing rules)
Yeah, tell the car company employees that are going to get laid off when you beloved tax goes into place that it is all good. The US had a luxury tax for a while on certain items (boats costing more than $X)--it cost a lot of jobs and did virtually nothing to increase revenues since people stopped buying them.
As to the cost, I suspect that the additives and ethanol are also driving up the cost of gas. The demand for ethanol has grown so the cost of ethanol will increase as well.
How about let's start letting more oil drilling in the US to increase the supply and thus drive down the prices.
PS: Before you start talking about "all time high" prices, you really need to adjust for inflation.
You need to learn about profit margins.
KidStallyn wrote:
At some point we have to attempt to do SOMETHING that will say enough is enough. Face it, the Oil Industry is an old fashioned Monoploy. No it's not a single company making the call and setting prices, it's obviously three. We all have to buy gasoline to get to work every day....So how do we knock down one or all 3....The only way I can see is the good 'ol boycott system. Will it work, who knows...I would prefer that everyone ride a bike to work, but that's just now realistic in the US today....
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This was originally sent by a retired Coca Cola executive It came from one of his engineer buddies who retired from Halliburton. It's worth your consideration.
Join the resistance!!!! I hear we are going to hit close to $ 4.00 a gallon by next summer and it might go higher!! Want gasoline prices to come down? We need to take some intelligent, united action.
Phillip Hollingsworth offered this good idea. This makes MUCH MORE SENSE than the "don't buy gas on a certain day" campaign that was going around last April or May! The oil companies just laughed at that because they knew we wouldn't continue to "hurt" ourselves by refusing to buy gas. It was more of an inconvenience to us than it was a problem for them. BUT, whoever thought of this idea, has come up with a plan that can really work. Please read on and
join with us!
By now you're probably thinking gasoline priced at about $1.50 is super cheap. Me too! It is currently $2.79 for regular unleaded in my town. Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50 - $1.75, we need to take aggressive action to teach them that BUYERS control the marketplace..not sellers. With the price of gasoline going up more each day, we consumers need to take action. The only way we are going to see the price of gas come down is if we hit someone in the pocketbook by not purchasing their gas! And, we can do that WITHOUT hurting ourselves. How?
Since we all rely on our cars, we can't just stop buying gas. But we CAN have an impact on gas prices if we all act together to force a price war.
Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL. If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit. But to have an impact, we need to reach literally millions of Exxon and Mobil gas buyers. It's really simple to do! Now, don't wimp out on me at this point...keep reading and I'll explain how simple it is to reach millions of people!!
I am sending this note to 30. If each of us send it to at least ten more (30 x 10 = 300) ... and those 300 send it to at least ten more (300 x 10 = 3,000)...and so on, by the time the message reaches the sixth group of people, we will have reached over THREE MILLION consumers.
If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!!
Again, all you have to do is send this to 10 people. That's all! (If you don't understand how we can reach 300 million and all you have to do is send this to 10 people.... Well, let's face it, you just aren't a mathematician. But I am. so trust me on this one.) :-)
How long would all that take? If each of us sends this e-mail out to ten more people within one day of receipt, all 300 MILLION people could conceivably be contacted within the next 8 days!!! I'll bet you didn't think you and I had that much potential, did you! Acting together we can make a difference.
If this makes sense to you, please pass this message on. I suggest that we not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP THEM DOWN.
I bet you respond to all those Nigerian emails telling you that if you send them $1000 you will get back $1,000,000.
You need to set
www.snopes.comas your homepage.
http://www.snopes.com/politics/gasoline/gasout.aspFYI- there is a "gas guzzler" tax on new vehichles.
GAS GUZZLER TAX
Unadjusted MPG (combined)* Tax
at least 22.5 No tax
at least 21.5, but less than 22.5 $1000
at least 20.5, but less than 21.5 $1300
at least 19.5, but less than 20.5 $1700
at least 18.5, but less than 19.5 $2100
at least 17.5, but less than 18.5 $2600
at least 16.5, but less than 17.5 $3000
at least 15.5, but less than 16.5 $3700
at least 14.5, but less than 15.5 $4500
at least 13.5, but less than 14.5 $5400
at least 12.5, but less than 13.5 $6400
less than 12.5 $7700
Limey wrote:
That 293 in the picture - is that 2 dollars 93 cents?
God, I wish.
You Yanks don’t know when you’re well off!
I just filled my tank in England at 7 dollars 32 cents a gallon!
We know you are lying since the Brits use pounds, not dollars!
Wink, wink.
I am assuming the poster meant an increase in the tax.
luv2run wrote:
How about let's start letting more oil drilling in the US to increase the supply and thus drive down the prices.
Not looked at the exact figures but can say with some certainty that more drilling in the United States would not have a great impact on the worlds supply of oil.
Perhaps the government is looking long term and when all the oil reserves run out they will start drilling here and can either use what they need or sell for a ridiculous amount.
Going back to supply and demand barrels per day used to operate at about 80% of maximum output and this could be raised and lowered to maintain stable prices as neccessary. Production has been at 100% for a few years now so no way prices are going to decrease dramatically any time soon.
yeah this will be a long term solution -- nice on buddy
luv2run wrote:
How about let's start letting more oil drilling in the US to increase the supply and thus drive down the prices.
luv2run wrote:
How about let's start letting more oil drilling in the US to increase the supply and thus drive down the prices.
The only really big oil field out there that remains to be drilled is ANWR. Even if you started today it would be 10 years before that oil came to market. There's a great USGS document out there about this...once the oil finally hit market it would drop foreign imports from 76% of the total to 72% of the total, or something close to that (I don't have the #'s in front of me).
There seems to be an assumption that there's a ton of oil waiting around to be discovered. The reverse is true. Discoveries of major oil fields peaked around 1930-1940. The only remaining places to find large oil deposits in this country are probably in the worst possible places.
Other solutions include increased use of the Alberta tar sands, but that's already happening. Imagine a strip mine as far as the eye can see with the largest dump trucks in the world hauling tar sand out to be processed. We're already buying it.
And, then, there's the shale out in CO, WY, etc. Some suggest strip mining that shale, heating it to the point where oil is formed...back to a strip mine as far as the eye can see. But then who cares about Wyoming anyway? As long as I can fill up my Expedition for $1.39/gallon!
That is funny because they do that in Wyoming ... Sinclair Oil ... it was interesting to see that a gallon of gas cost the same in Denver last summer, eventhough it was drilled, pumped and refined in Wyoming.
luv2run wrote:
How about let's start letting more oil drilling in the US to increase the supply and thus drive down the prices.
Actually legislation has been presented that would place a tax on fuel efficient cars. According to the Republican Congressman who wrote the proposed bill, fuel efficient cars do not pay their fair share of gas taxes. I wonder which politicians campaign contributors are not reaping enough of record after record oil profits.