And Brent Crude ALWAYS gouges.. they don't follow OPEC rules.
But Obama's on record saying he'd prefer a gradual adjustment on gasoline prices.. so maybe that's what $4+ gasoline is - a gradual adjustment. That fits in nicely with his administrations policies of pushing and gambling on green energy company's.
“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.
[Second bolded] This is the whole idea, I'm afraid. Run the gas price up to $4, so we'll feel "better" when it goes to $3, which was too high to begin with. Now, run it up to $5 to condition us to accept $4.
As soon as we can get to the European socialistic standards of $6-8 per gallon, the better, right?
And all we have to do is drill our own better, and build some refineries. Why don't we?
This is about reducing US consumption.. which we have done... Becoming more efficient... which we are still doing ... and increasing domestic production.. which we have also done.
Refinery maintenance isn't an excuse... its a fact of life twice a year.. every year.
Gasoline isn't going down in cost.. Its costly everywhere in the world UNLESS it is subsidized by the government.
Build more refineries for what? A refinery costs $5 billion dollars.. and if it isn't running to capacity its losing money.
Don't you see that's the issue with the Keystone export pipeline? That oil was formerly refined in the Mid West and those refineries will now be by-passed.
Last edited by sharon; 02-20-12 at 10:19 AM.