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DRUDGE: White House Studies $4 Gallon 'Nightmare' Scenario
Drudge Report ^ | Sun Mar 20 2005 | Matt Drudge

Posted on 03/20/2005 5:09:02 PM PST by West Coast Conservative

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To: West Coast Conservative

You would think that eventually instead of handing out farm subsidies, we could put the farmers back to work and use the crops to make alternative fuel. it's a win win situation, but of course it would be too simple of a fix.


21 posted on 03/20/2005 5:30:55 PM PST by Bostton1
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To: oceanview
..the brokerage houses and hedge funds are using oil as the new "tech stocks" - that must be broken, or they will kill us all

Being self-employed, I'm all for an honest profit on a day's work,
but the speculative bastards who produce nothing are doing more damage to us right now than the f'n terrs !

22 posted on 03/20/2005 5:31:13 PM PST by tomkat
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To: West Coast Conservative

Time to drill off the coast of California and Florida.


23 posted on 03/20/2005 5:31:17 PM PST by Rebelbase (Member, National Rightwing Alternative Media Blog Mafia.)
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To: West Coast Conservative

Sunday night headline.


24 posted on 03/20/2005 5:31:53 PM PST by Indy Pendance
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To: West Coast Conservative

"Thank you", Democrats, for blocking all attempts to drill for oil in ANWR, off-shore, etc.


25 posted on 03/20/2005 5:32:07 PM PST by Signalman
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To: West Coast Conservative

Chavez could really fu@k us right not if he wanted to, imagine if he cut us off. If gas gets up to $3.00 a gallon, theres gonna be problems, if it gets up to $4.00 a gallon, theres gonna be real big problems.


26 posted on 03/20/2005 5:32:30 PM PST by Husker24
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To: tomkat
Strip the friggin' taxes off and we immediately get about 40% relief.

Also get rid of all of the damn EPA regulations and build more refineries!

27 posted on 03/20/2005 5:33:36 PM PST by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: tomkat
$2.189 in NJ but that was for the 94 octane Sunoco Ultra "good stuff"!

T. Boone Pickens said $60/bbl and $3/gallon.

Close enough for crystal ball work! I've been taking my chips off the table!

28 posted on 03/20/2005 5:33:39 PM PST by Sooth2222
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To: West Coast Conservative; Grampa Dave; Dog Gone; BOBTHENAILER

Dump the "regional botique" formulations and get more danged refineries built... PRONTO!!! That's about the extent of the stupid GovernMental/EnvironMental created problem!!!


29 posted on 03/20/2005 5:34:23 PM PST by SierraWasp (GovernMental EnvironMental Parasitic Pissants perpetually tormenting America Progress!!!)
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To: Rebelbase

"Time to drill off the coast of California and Florida."

Bush II locked up Florida. Some say there's too much there - might "hurt" doemstic producers.


30 posted on 03/20/2005 5:34:28 PM PST by Shermy
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To: West Coast Conservative

Im going to have to by a motorcycle, at least that will get about 60-65 mpg.


31 posted on 03/20/2005 5:34:55 PM PST by Husker24
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To: Shermy

"Bush II locked up Florida. Some say there's too much there - might "hurt" doemstic producers."

Time to unlock it.


32 posted on 03/20/2005 5:35:44 PM PST by Rebelbase (Member, National Rightwing Alternative Media Blog Mafia.)
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To: Husker24

There is really quite a lot Bush could do. We also have refinery capacity problems. One of our biggest problems is all these differnt gasoline formulations. All we need is two; summer and winter formulations. Bush could order compromises on all the formulations to just two. He could relax regs that hamper new refinery capacity and US drilling & production.


33 posted on 03/20/2005 5:36:20 PM PST by umgud
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To: Husker24

Part of the problem is that the Saudis, etc. traditionally feared that high prices would propel massive research into alternatives. They have that fear no longer, our government in the oil industry pocket.

Once in a while "market solutions" are touted. But the "market" is invested in the oil economy, so that isn't going to happen.


34 posted on 03/20/2005 5:37:13 PM PST by Shermy
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To: tomkat

Exactly.


35 posted on 03/20/2005 5:38:19 PM PST by rintense
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To: umgud

The only problem is, is that it would probably take 5 years to get an refinery online, thats after the 5 year "environmental impact study".


36 posted on 03/20/2005 5:38:48 PM PST by Husker24
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To: SierraWasp

There are now 60 different kinds of gasoline sold in the US.


37 posted on 03/20/2005 5:39:15 PM PST by Eric in the Ozarks
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To: Rebelbase

To be even handed, the Saudis have several times pointed out the main cause of increased oil imports to the US. The relaxation of energy conservation rules for automobiles. NO. 1 by a mile - the redefinition of the small truck exemption to fit SUVs.


38 posted on 03/20/2005 5:39:52 PM PST by Shermy
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To: West Coast Conservative

FYI to the "a falling dollar does not matter" crowd
A significant (not all obviously) hunk of the price increase is related to the devaluation of the dollar. Oil is a world commodity priced in dollars.

Weaker dollar = higher oil price.

graph -->
http://xfactorstudio.com/image001.gif


39 posted on 03/20/2005 5:40:33 PM PST by ndt
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To: Husker24

Also, the rise of oil per bbl prices has nothing to do with US refineries or gasoline rules.


40 posted on 03/20/2005 5:41:03 PM PST by Shermy
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