Oil and Gas
Yes, gas prices are higher - or they are finally adjusting to reality?
- The reality that China and India are becoming economic powerhouses in their own right (read this Supply and Demand piece from RCP);
- the reality that 30+ years of liberal thought have gutted this country's refining capacity to the point that we are now IMPORTING gasoline from overseas (we haven't built a refinery in THIRTY YEARS!);
- "green" rules that require the creation of 30 or 40 different "summer blends" of gasoline that further erodes the ability of refineries to keep up with demand
- the reality of environmental overreaction keeps us from even exploring the possibility of building new nuclear reactors or drilling for new sources of oil in Alaska;
Can someone from the Left please tell us when and where all the oil BushCheneyHaliburton stole from Iraq in the "War for Oil" will finally make it here? Or are we finally admitting that it was nothing more than an election year lie?
posted by SCC at 12:03 AM
10 Comments:
Hi SCC
The gas thing isn't really political in the long run. World oil discoveries have now rolled over relative to increased demand, such that even the prospect of new "potential" supplies (yearly) is decreasing (year over year) while demand increases. The price of gas and oil is going to greatly outpace inflation over the next 50 years. This is all based on the same model used by a guy who predicted the rollover of U.S. discoveries relative to demand in the 70's, about a year before it actually happened.
Am I first?
second! oooooooooh yeah.
Third, eh, not so exciting...oh well....Go Fighting 017!!!!
Bush Rejects Tax on Oil Companies' Profits
Big f-ing surprise!
the reality of environmental overreaction keeps us from even exploring the possibility of building new nuclear reactors or drilling for new sources of oil in Alaska;
SCC, you are such a tool! Iraq has the second largest oil reserves in the world. Yet, Sadam put more oil on the world's market, then we are being in control.
Its funny! All you fools who drive those big SUVs. HA HA Pay the price. Even those rolling cement mixers you call harley's get crappy mileage. Do like the Mayor says, Ride a bicycle! Come on you fatties peddle. huff huff!
Oh yes! And now you can run those red light camera intersections and flip the bird! Like to see them catch those bicycle riders.
The price of gas went down a dime from last Monday where I buy.Filled up today gotta keep my SUV happy!
with bush making america beg china for loans to pay the deficit this republican congress rose every year and bush unable to find oil just like wmds in iraq thats the reason its rising
Folk's the oil issue isn't just for fuel. Yes we need alot of gas to drive our dumb ass big truck's around, but the real and total consumption of petrolium is for plastic. Look at the computer in front of you, the t.v., your clothes ect. ect. ALL consumer good's are pertol based (except food good's, that's vegetable oil based).
keep buying! Keep spending!
DO NOT SAVE!
REPEAT, DO NOT SAVE!
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