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Thread: Gasoline prices zip toward $3 mark

  1. #101
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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Catawba View Post
    Let Oil Drilling Ban Expire, Top Republican Says
    Thursday, August 21, 2008

    Just as I thought, campaign hype aimed at those unaware we passed peak oil decades ago.
    So you say yet the earth keeps making oil. it is under the ocean.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Dirty Harry View Post
    Drilling is only banned in a few areas. There are plenty of places in the US the oil companies could drill. Oil companies have cut back new drilling and exploration until prices go back up.
    Refineries are being shut down and production cut. There is no need for new refineries. They are not very profitable right now because the price of gas is down and crude is up.


    After years of failed energy policies that contributed to skyrocketing fuel prices and environmental degradation, the Bush-Cheney White House and their congressional allies now seek to divert the public's attention.

    After almost eight years of subsidizing a wealthy oil industry and refusing to appropriately diversify our energy resources, their best and brightest solution is drilling a path that would further distance us from what should be our shared goal of reducing our dependency on fossil fuels.

    From 1999 to 2007, drilling permits issued for the development of public lands increased by more than 361 percent. Despite this increase, gasoline prices rose exponentially. At that rate, the United States, which uses about 25 percent of the world's energy, but has only an estimated 2 percent of energy reserves, will never drill its way to a solution.

    Additionally, oil companies have refused to even file for permits to build refineries that could process crude oil, thus keeping supplies of gasoline and heating fuel low and prices and their profits high. Furthermore, companies already lease 91.5 million acres of on-land and offshore federal lands; yet only 23.7 million acres are actually used for production. One could be justified in concluding that the industry is simply speculating by stockpiling more federal lands.

    There are ways to affect fuel prices. Although it would have slow and minimal effect on current prices, we could start by compelling oil companies to actually develop the already-leased acres or risk losing their permits or incurring an escalating charge for letting them lie unused. The money collected could be applied to lowering prices for consumers or for research and development of alternative sources of energy. Such a bill is being passed by the New Majority in Congress.

    That same New Majority Congress has already passed a law over strenuous administration opposition mandating new fuel-efficiency standards for vehicles and requiring new standards for appliances and building materials. The U.S. House of Representatives has also passed bills to combat price fixing, market manipulation and price gouging by unscrupulous companies. It is moving to curb unregulated market speculation that experts claim may be adding $30 or more to the cost of every barrel of oil.

    The Bush administration and its accomplices are opposing these obvious solutions, as well. Pundits are right when they suggest that if this oil-oriented White House isn't going to lead, then it should get out of the way.

    Still, we should not have to wait for sensible action. Together, with the aforementioned legislation, we should act now to move forward on support for mass transit, and on the redirection of fossil fuel subsidies of big oil companies toward support for efficiencies and alternative energy resources.

    So, yes, drill the leases already available as a bridge to the future, but stop misleading the public by claiming that drilling in fishing grounds and conservation areas is the solution America needs and deserves, and let us move forward with an honest and effective energy policy for the future.
    Makes no sense to drill if there is not oil there. Give leases where there is oil.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by ptif219 View Post
    Makes no sense to drill if there is not oil there. Give leases where there is oil.
    There is oil there, why do you think they bought the leases? Hello? The oil companies are looking out for their future profits. Can't drill it all at once. The are millions of square miles just in the Gulf of Mexico left to drill.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by ptif219 View Post
    So you say yet the earth keeps making oil.
    Not as fast as we draw it out. That has been the problem. We have been dependent on foreign oil since the 70's.
    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: Gasoline prices zip toward $3 mark

    I see it as a mixed blessing. Sure it finacially harms many poor families which is a bad thing, it also reminds us that we are much to dependent on oil. Manking survived without oil for thousands of years yet suddenly we base our entire society on it. I feel that the world as a whole would be better off if we took a step back and reevaluated our relationship with oil and readjusted our priorities.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Baralis View Post
    I see it as a mixed blessing. Sure it finacially harms many poor families which is a bad thing, it also reminds us that we are much to dependent on oil. Manking survived without oil for thousands of years yet suddenly we base our entire society on it. I feel that the world as a whole would be better off if we took a step back and reevaluated our relationship with oil and readjusted our priorities.
    A well reasoned approach to sustainable energy? Nah, they'll never go for that!

    Excellent post! We are 3 to 4% of the earth's population, use up 25% of its resources and some bitch when they have to pay $3 a gal to fill up their gas hogs.
    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: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Dirty Harry View Post
    There is oil there, why do you think they bought the leases? Hello? The oil companies are looking out for their future profits. Can't drill it all at once. The are millions of square miles just in the Gulf of Mexico left to drill.
    They buy the leases and have done no exploration it is not known if there is oil there when the get leases. Can't drill in many areas of the coast like off Florida.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Catawba View Post
    Not as fast as we draw it out. That has been the problem. We have been dependent on foreign oil since the 70's.
    Thanks to democrats and the environmental whackos putting restrictions on drilling and refineries.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by ptif219 View Post
    They buy the leases and have done no exploration it is not known if there is oil there when the get leases. Can't drill in many areas of the coast like off Florida.
    That was Bush's fault.
    The Spokesman-Review.com - Bush prevents oil, gas drilling off Florida coast
    Not to mention Arnold banning drilling off Calif.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Catawba View Post
    A well reasoned approach to sustainable energy? Nah, they'll never go for that!

    Excellent post! We are 3 to 4% of the earth's population, use up 25% of its resources and some bitch when they have to pay $3 a gal to fill up their gas hogs.
    There is no reason for $3 a gallon.I will keep my gas hog.

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