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Some states have cheaper fuel due to there state policys, theres always a give and go.
Fuel excise tax is a that is only going to increase prices and inflation anyway, doesnt really make a difference whether the govt scraps it or not.
Finally someone that's done their research. Fact is, ethanol is a total waste. It is incredibly inefficient (all the arable land in the U.S. wouldn't keep us supplied and we would prioduce no food), it drives up corn prices and it subs utes the oil problem for starvation.
Fact is, prices will never go down because we are running out, and oil's lifetime isn't as long as people think. We peaked before the point it should peak and will run out before the time is should run out. Why? Because we need oil for things other than fuel, such as manufacturing plastics. Supply and demand will probably make oil too expensive as a fuel sources before it runs out, which is good because we get off of it faster and don't screw every manufacturing industry that turns oil into other goods.
Because of supply and demand, we will never convert off oil before it's time comes naturally. Oil and coal as energy is too efficient. The only way is to force the issue with taxes (which makes alternate fuel cheaper) or massive government subsidies (what we currently do to fund alternative fuel). Because of the way economics works, the environmental costs have to be catasprophic for the market to switch to a different fuel on it's own. The only solution here is again artificial, by internalizes the external costs of pollution with taxes or fines for envirnmental damage.
The world of courses currently prefers the middle road. No free-market country has taxed oil and coal to raise it's price above alternate fuel (and hence make it undesirable), and for understandable reasons as people are afraid of the market. In theory once oil is out of the picture a large demand on say solar energy causes it's price to fall as the components that make up solar energy lower their prices in a competetive market. Problem is, the demand isn't there, it's niche and will remain so for the forseeable future.
It will work itself out eventually. You can see it at work right here. People are angry at high prices. Representatives should respond. Of course, the time period for the response is extremely drawn out since big oil special interests are involved in politics.
I wait for the day that special interest and lobbyists are banned from the political process.
Some states have cheaper fuel due to there state policys, theres always a give and go.
Fuel excise tax is a that is only going to increase prices and inflation anyway, doesnt really make a difference whether the govt scraps it or not.
All I can say is that my Civic Hybrid turned out to be a very good investment and the more gas goes up the better it gets. Yah I'd rather have $2 gas too but if not ...
They know they got us by the balls, so why let go?
Ya corn based ethanol is really ing us up a lot.
Not only is it the stupidest and least efficent 'renewable' its causing food prices to rise thoughout the nation.
So now, in addition to rising fuel costs, we got rising food costs too. How awesome.
Thanks Detroit. Make no mistake, their lobbyists are very much behind that movement.
I'm more educated than you are carny. And secondly when the oil companies continuously hoard barrels of oil and put them in the "reserve" that is why the supply is limited.
I'm going to invent my own fuel. I will sell it to you.
You are the epitome of the type of individual that has
no earthly idea of what is going on in the world. You
and boutons.
You want to drive a stupid riding lawn mower, be my
guest, but don't try to tell me or anyone else what they
should drive.
Oil is abundant and should be exploited for the good of
the human race, which it has been for the past hundred
years. How in the do you think the world progressed
to the point it has without the energy supplied by oil?
The good fairy?
People like you and boutons have caused more pain and
suffering through your stupid environmental crap and oil
is bad BS than the law allows. Alternative fuels my
butt. These so called alternate fuels being pitched now
cause more harm than good, cost more and pollute more,
using you terms.
Go back into your little world and leave us to ours.
i think i better invest in horses and carriages....
who knows 40yrs from now...we be back to the good ol times of transportation
I'm sick of the prices going up too. I am shocked as to how high its gone in such little time. Its all about money though. I hate hearing in the news of how much money Exxon made this quarter and that quarter. DUH!!!! Of course they're gonna make record profits.
Translation: I've always been a resource hog and nothing will stop me.
As long as you people fight with the middle east, I think it'll never go down.
that's a little agro, but i do blame environmentals to a degree. expecially these al gore groupies. don't give me this global warming crap. i can't wait for the carbon tax. i'm sure everyone's wazoo is just humming over that one.
The era of cheap oil is fast coming to a close. There is plenty of oil shale and tar pits for niche uses, however.
More refineries would mean using it up faster at lower prices, perhaps. That's just what we need to do: more pollution, more global warming, and more funding of ME extremism.
Opening up Alaska or other US reserves in ecologically sensitive areas would be a drop in the long-term bucket. See above for using it up faster at lower prices.
Rather than wait for the technological tooth fairy to save us in a crisis, I would rather push alternatives and research now. For the medium-term, I think we'll have to depend much more on nuclear energy.
Middle East fighting has gone on for hundreds of years, but when oil dries up0 when can go back to not giving a
Another misguided soul. Has all the answers but none of
them are correct.
What makes you think your answers are the correct ones?
OPEC has reduced production to keep the price high.
Because I have history on my side. Just thought of
something. You still wear the bandana on your head.
1. Demand is up because of growing economies like China and India, but supplies can't keep pace.
2. We are close to the point in history when oil production will plateau and then slowly start an irrevocable decline. Since the American economy, its infrastructure, its cities, etc. are all designed with the assumption of cheap and readily available oil, this means we are screwed. Sorry. The party is over. We will invade lots of countries to forestall this as long as possible, but ultimately we are screwed. If we don't bankrupt our economy because we can't compete anymore, we'll bankrupt it by fighting all the wars.
3A. There is a lot of misinformation in this thread about things like corn ethanol and refineries. Liberals do not support corn ethanol, and neither do conservatives. Archer Daniels Midland, ConAgra, and Cargill support corn ethanol because basically the scheme consists of giving them free money from taxpayers. We should be impaling their executives on blunt poles like the Turks and Romanians used to do, and/or eviscerating them with dull, rusty tools, and/or subjecting them to the Iron Maiden, but we don't seem to practice viciously cruel, medieval-style violent torture like that anymore.* Pity. The bas s deserve it.
3B. The whole talking point about "no new refineries since 1979" is bull meant to mislead you. Of course no oil company in its right mind is going to build a greenfield facility when it can just expand its existing refineries over and over again; why spend the money to recreate the infrastructure and logistics that they already have? Dozens of refinery expansion projects are going on right now; that is why my company has to keep throwing money at me so that Chevron, ExxonMobil, or Motiva won't lure me away.**
4. Even when oil supply and demand reaches an equilibrium, the price rises in dollars because the dollar is turning into Monopoly money lately. The British pound is $2 now; the Euro is $1.52. Our fiscal policies have been Third-World stupid since January 2001, and eventually the chickens come home to roost. Inflation is running at an annual rate of 7%.***
In summary, oil prices are never going down ever again, they'll actually go much higher, it will affect the cost of all goods that require transport such as food, and basically your quality of life is going to decline significantly. The post-WWII era of American hegemony and boundless prosperity is ending. Sorry.
*Except for waterboarding, WHICH IS TEH AWESOME
**Yes, while your life is collapsing into an economic unseen since the 1930's, I'll be doing OK. Thanks for asking. This is why I give to the homeless, because eventually a lot of them will be people I know.
***Zimbabwe runs 150,000% inflation, which is worse than 7%. THANK GOD for term limits on the Presidency. That was one seriously enlightened amendment.
Well that sucks.
Got damn, no kidding.
I never wore a bandana nuts.
For a really good time, read Extra Stout's post with The Carpenters' "Top of the World" playing in the background.
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