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Thread: Gas prices are highest ever for this time of year

  1. #391
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Gill View Post
    Only problem is that the military was wrong. Oil production is growing rapidly in the U.S. and Canada. Many are predicting that we could soon be the number one oil producing country in the world, Brazil has found a vase oil field off their coast and are now oil self sufficient.
    The problem remains as it was when we passed peak oil in this country in 1971. Our demand increases faster than our supply. Both the US and Canada consume more oil than each produces.

    I suppose those like yourself that refuse to see this truth will forever be surprised with each increase in gas prices.
    Last edited by Catawba; 03-01-12 at 04:08 PM.
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    The problem remains as it was when we passed peak oil in this country in 1971. Our demand increases faster than our supply. Both the US and Canada consume more oil than each produces.

    I suppose those like yourself that refuse to see this truth will forever be surprised with each increase in gas prices.
    We have enough coal and oil (in shale and tar sands) to last a good while, but burning it all would be an environmental disaster. Also, a lot of it is only economically viable when prices are high.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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  3. #393
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    The problem remains as it was when we passed peak oil in this country in 1971. Our demand increases faster than our supply. Both the US and Canada consume more oil than each produces.

    I suppose those like yourself that refuse to see this truth will forever be surprised with each increase in gas prices.
    In the US, gasoline supplies are about 20% higher than demand.

  4. #394
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by AdamT View Post
    We have enough coal and oil (in shale and tar sands) to last a good while, but burning it all would be an environmental disaster. Also, a lot of it is only economically viable when prices are high.
    Exactly right, if we could produce enough cheaply ourselves there would not have been the need to acquire so much national debt for the military expense to keep the middle east oil flowing.
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Samhain View Post
    In the US, gasoline supplies are about 20% higher than demand.
    Thank you for providing an example of why US gasoline supplies and demand has little effect on world oil prices.
    Last edited by Catawba; 03-01-12 at 04:29 PM.
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  6. #396
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    The problem remains as it was when we passed peak oil in this country in 1971. Our demand increases faster than our supply. Both the US and Canada consume more oil than each produces.

    I suppose those like yourself that refuse to see this truth will forever be surprised with each increase in gas prices.
    Yeah, the ole peak oil theory............. only problem is we just keep finding more and more.

    I fully expect gas prices to increase as long as people like you push to block access to our resources. People like YOU are the reason prices are high.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    What's new??? Had no one noticed the upward trend before now?






    USD School of Law: EPIC: Data Center: Transportation Energy

    Your Chart from the lefty Marxists at UCSD is wrong....Gas price was lower than they show on the chart in 2008.


    j-mac
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    Thank you for providing an example of why US gasoline supplies and demand has little effect on world oil prices.
    And since the thread is about gas prices in the US......

    But anyway, the reason gas prices are high is because we are closing refineries since the supply is outstripping demand, speculation on the oil market, supply disruptions in Africa, and Iranian sanctions on oil contracts.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Gill View Post
    Yeah, the ole peak oil theory............. only problem is we just keep finding more and more.
    But our demand keeps growing greater than affordable new supplies, which is why there has not been a single year since 1971 that we have produced more oil than we consume.

    I fully expect gas prices to increase as long as people like you push to block access to our resources. People like YOU are the reason prices are high.
    Drill baby drill is simply a campaign slogan son. The GOP was in complete control of the WH and Congress from 2003 through 2005, and the only thing they could come up with to "drill our way out of our problem" was ANWR, which would result in a 1% reduction of oil prices by 2025. Even McCain said it was stupid idea, when he voted against drilling in ANWR.

    Of course if you wish to keep your head buried in the sand, that is completely your choice.
    Last edited by Catawba; 03-01-12 at 04:42 PM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by j-mac View Post
    Your Chart from the lefty Marxists at UCSD is wrong....Gas price was lower than they show on the chart in 2008.


    j-mac

    You think that might have anything to do with decreased production due to the Recession????
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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