Source for chart: http://www.energy.ca.gov/gasoline/margins/index.html
Please call & email your representatives & senators.
S.2958 needs to be passed and it needs to be passed NOW!
ping
It is all the fault of the Rats and their eviromentalist Marxist buddy’s who want to take us back to the dark ages.
I’m going to read this later. It’s just too depressing to contemplate on a Saturday morning. I fully expect to find a lot of common-sense, well-thought-out solutions to our energy problems in this bill, a bill which I fully expect to fail. Which is why it’s depressing. But I will read it later.
And by the way, why don’t we just FEED the friggin’ polar bears if we care so much about them?
The bill should be amended to expedite the permitting process for nuclear power plants.
It makes no sense to burn fossil fuels to generate electricity when we have ample domestic supplies of uranium. That’s the key to energy self-sufficiency.
Putting a stop to the oil market manipulations might be helpful too.
“it’s been more than 30 years since America built its last new oil refinery during which time Congress has repeatedly blocked efforts to expand capacity and build more refineries”
Finally, someone is actually beginning to tell the truth about the energy situation in America. Unfortunately, the MSM and the Democrats will say that it is entirely the fault of the greedy oil companies and many people will be stupid enough to believe it.
Source for chart: http://www.energy.ca.gov/gasoline/margins/index.html
bump
Dingy Harry Reid will never let it come to the floor for a vote!
We could put an end to these exotic blends, free up refining capacity and the effect would be immediate lowering of prices, at least as much as suspending the gas tax with little economic impact. But hey, I’m just a dumb, greedy, delusional Republican.
Recent EIA information shows that US refineries are running at a lower percentage of capacity this year than last. US imports of finished products are essentially unchanged relative to last year. US demand for products is about equal to last year. US inventories of crude oil plus gasoline are above last year. In other words, there is plenty of crude oil and the refining capacity to turn it into gasoline, of which there is already a sufficient inventory.
Here is the link: http://tonto.eia.doe.gov/oog/info/twip/twip.asp
World wide crude oil prices are apparently being driven up by two factors; 1.) demand in the rest of the world compared to perceived overall world wide supply, and 2.) depreciation in the US dollar, in which oil is traded, relative to the majority of other currencies in the world.
It appears that the value of the US dollar may be the most important current factor. As the US Fed reacts to the sub-prime credit crisis by lowering US interest rates and injecting more money into the US system, that devalues the US dollar. Almost by definition, the cost of crude oil, gold, and any other commodity priced in dollars, but consumed by countries whose currency is not the US dollar, will have to rise.
Simply put, the Fed's action devalue the US dollar, which makes US exports more competitive with the rest of the world. It also makes imports into the US more expensive. Oil is largely an import.
“the Left’s decades-long refusal to address domestic energy supply “
Umm - didnt we own the house, senate, and Pres for a couple years there?
Senators of the 110th Congress http://www.senate.gov/general/contact_information/senators_cfm.cfm
This one gets it!
All the while the Democrats (In their Socialist brilliance) have drafted another amazing piece of legislation that is designed to punish American Oil Companies for trying to do something about this problem. (Like they did to punish Tobacco.)
But Like Tobacco, they will simply move off shore and leave America. Tobacco is still selling in foreign countries like China and India at increasing volumes now that their economies are gaining from free enterprise.
While our own government, with the help of those spineless Republicans, are doing the opposite.
Get ready for double digit unemployment, inflation, etc. All the government induced projects in the World will not stop it. It is headed rapidly for the same situation we had when Jimmy Carter tried to ruin the Capitalist World but failed.
Henry Ford.
We hear and read daily about the efforts of the left to tax the big bad oil producers and other left wing economic stupidity but never about the affects of decades of the left to prevent supply and refining development. Where is the right? Too busy stuffing their own pockets and protecting their own seats in congress rather than doing the job they were elected to do. Stinking mess. None of them are worth a damn.