$2.50-Gallon Gasoline and Energy Independence.

Human Events ^ | February 15, 2012 | Newt Gingrich

[true believer forever]

The fact that Americans must cope with ballooning gas prices and energy vulnerability while living in a country with some of the richest untapped energy resources on the planet is an absurdity that can only be accomplished by bad government. By unleashing the American people from regulations and bureaucracy designed to promote the agenda of radical environmentalists, we can tap our enormous oil and natural gas supplies to drive fuel prices down.

Most Americans have no idea that the United States is sitting on enough technically recoverable oil to power us at current rates of consumption for over 250 years. We are estimated to have 1.4 trillion barrels of oil—or 1.7 trillion, adding in the resources of Canada and Mexico.

That amount of oil, as a report from the Institute for Energy Research recently explained, is “more than the world has used since the first oil well was drilled over 150 years ago in Titusville, Pennsylvania” and 6 ½ times the proved oil reserves of Saudi Arabia.

[unkus]

And frack 0bama.

[kalee]

I remember that. She let the cat out of the bag.

[kalee]

I remember that. She let the cat out of the bag.

[meatloaf]

There’s a reason trucks run on diesel carry up to 300 gallons in their fuel tanks. Diesel is the highest BTU content fuel available. You don’t have enough room to store the natural gas BTU equivalent on a truck to make it from one refueling point to another or make deliveries to out of the way places and get back.

The hours of service fiasco are also a limitation on converting to natural gas for large trucks. There’s a shortage of parking places for truckers to get their rest now. I’m not saying you’d have to double up on truck stops but there would have to be more. You can’t pull a bunch of those rigs into the local 7/11 to refuel.

A better idea is to start building mutifuel cars and light trucks like Ford did once. That would sharply cut into the demand for gasoline and imported oil to produce it. That would kill worldwide support for high oil prices.

Check out House Bill 1380.

[true believer forever]

Irenic, is this fast enough for you? :)

"Newt, Explain Your First 30 Days as President"

I will ask the Congress to stay in session on the third of January. I will ask them to repeal Obamacare, Dodd-Frank, and Sarbanes-Oxley. My request will be to have all three repeals ready so that on the day that I am sworn in, I can sign all three repeals that day. That's a real start. I will then on the first day.... -- Newt Gingrich

Watch the video to find out what else Newt Gingrich will do in the first thirty days as president to turn this economy around.

Learn more at http://www.newt.org

Originally broadcast on FOX News, January 30, 2012

[true believer forever]

oops, here’s the utube link

http://www.youtube.com/watch?v=WlAIPosvNP0&feature=youtu.be

“Newt, Explain Your First 30 Days as President.”

[wastedyears]

Perpetual motion

[Irenic]

Well...mmmm...I would like it all done yesterday but I suppose 30 days is acceptable. ha! :p

Go Newt!

[true believer forever]

thanks for posting this, it really makes the comparison a little more understandable... I like visuals... I think they impact more.

[Syncro]

We can only hope for the best, good article.

Here's another interesting article:

Be prepared because sky-high gas prices are coming!

The price of gas could soon soar to $4 a gallon or more, according to ABC News. The average price of gas, across the country, is $3.52 per gallon. The country came close to $4 gas last Spring but gas prices haven’t actually surpassed $4 since the summer of 2008.

Tom Kloza, of the Oil Price Information Service, believes that “it’s going to be a chaotic spring.” And, Andrew Lipow, president of Lipow Oil Associates, in Houston, opines that where the price of gas peaks “depends if the Middle East blows up in a war or not. That’s really the big headline out there: Whether or not geopolitical events disrupt supply. We see that affect already.”

Regarding this month’s crude oil prices, Kloza said that, “early February crude oil prices are higher than they’ve ever been on similar calendar dates through the years, and the price of crude sets the standard for gasoline prices.”

As reported by ABC News, while demand is falling (people are not driving as much), U.S. inventories are rising and prices aren’t declining because of increased uncertainty.

Underscoring the situation is the fact that Sunoco, Lipow points out, has begun closing refineries because of the decrease in demand. But, they have also been impacted by the switch from gasoline to renewable fuels and by competition from foreign imported gas. One third of Sunoco’s Northeast refineries have been closed in the past two years. Lipow notes that once a refinery is closed, it is not likely to reopen.

U.S. Defense Secretary Leon Panetta has been quoted as saying that there is a “strong possibility” that Israel will strike Iran’s nuclear facilities this coming spring. Analysis performed by NBC News indicates that any military aggression in the Middle East will result in an accession in crude oil prices:

“But if crude were to spike to $200, and we’re at $100 per barrel now, the industry consensus generally holds that for every $10 increase in crude we typically see about a 25-cent increase in the price at the pump. So if you’re seeing $3.50 a gallon in your local market and Israel attacked today, add $2.50 to that and now we’re looking at $6 gasoline. “

To read the complete NBC report, click here

Countering NBC’s analysis, are a few Israeli and American experts. According to an article by Michael Hirsh, in National Journal, they argue that an attack on Iran’s nuclear facilities will have less of a negative impact than originally thought. The following points are offered in support of this position:

• Iran’s governmental disorganization and infighting. The military is also disorganized and lacks strength.
• Iran is dealing with a poor economy
• Hezbollah and Hamas are reluctant to launch a counter attack on Israel
• Iran’s primary ally, Syria, is engulfed in civil war
• A “deterrent threat” from the U.S. could keep the Strait of Hormuz open
• Iran desperately needs oil sales in order to keep its gutted economy going, so it is unlikely to halt the petroleum trade.

Either way–regardless of whether a Middle East war is on the agenda, it appears that gas prices will accelerate.

-Candice Lanier

It wasn't that long ago that refineries were full to capacity, and that kept the price up as no more could be refined to meet the demand.

Now the Obama/Soros/leftist/Marxist plan is in full swing.

Refineries closed never to reopen again.

If they try (under an Obama regime), regulations and red tape will prevent them from doing it.

[true believer forever]

Newt was on Greta tonight, I don’t think the vid is posted yet, but he said that the future prices are what is keeping prices high, and if the Hormuz situation was defused, the futures market would feel a little more certainty about the situation. And that is one of the things that would effect prices most quickly... he said a lot of other things, also.

I was busy and only half listening, but that does make sense to me... actually, I don’t understand it all that much...

[U-238]

Thanks for putting up that chart!!

:)

[Syncro]

Well, they want to keep it as confusing as possible so we will be in the dark.

The main thing is that politics is what keeps the price up.

We’ve got all the oil we need and the left hates that.

Clear out all the politics (EPA, Dept of Energy, all the czar types and Obama suckups) and the price will go down.

Drill, baby, drill.

Pump, baby, pump.

Refine, baby, refine!

[true believer forever]

"Clear out all the politics (EPA, Dept of Energy, all the czar types and Obama suckups) and the price will go down."

Clear 'em out and GET NEWT IN!!

[Apogee]

It’s semi off topic, I suppose. I would love to see Gingrich, or Santorum (or Mickey Mouse) address the ethanol mandate and subsidy issue.

The math says I am using a good percent more gasoline to drive the same distance, plus the added corn alcohol.
Using more gas, plus more corn, seems to be a win only for certain industries, and OPEC.

Try this (actual mileage will vary with vehicle and driving conditions, but this has been observed):
1000 miles at 18 miles per gallon = 55.56 gallons of “gas with up to 10% ethanol added”
1000 miles at 22 miles per gallon = 45.45 gallons of pure gas

if the full 10% ethanol is added, example one requires 50 gallons of gasoline, plus 5 gallons of ethanol, to drive the same 1000 miles that 45.45 gallons of gasoline plus NO ethanol will take me.
In 20,000 miles (I drive a lot), that is an extra 90 gallons per year of gasoline, plus 100 gallons of ethanol, to go the same distance.
Our actual gas consumption has gone up thanks to mandate as much as to more driving on our part. But it is environmentally friendly, big oil gets to sell more, big agra gets to sell more, opec gets to sell more. I get to spend more and pay more for it due to increased demand (and put 90 more gallons’ worth of burnt petroleum pollutants into the air).

There are a lot of variables that are hard to control - driving conditions, maintenance conditions - but the 18% reduction reported above seems to be within the typical range, and no politician seems inclined to address the issue that stupid policies are driving up demand and prices, or say that we ought not only do away with the corn subsidy, but the requirement that it be added even unsubsidized (so to speak). So I wonder if they are influenced by big oil and big agra to ignore it, since these groups gain from over use.

Of course, I could be utterly wrong in how I am looking at this, but no one has shown me the error of my thinking yet (please do, if it is there). So it would be better if someone could come up with harder, more statistically valid numbers on actual mileage figures before making a case.

[re_nortex]

Clear out all the politics (EPA, Dept of Energy, all the czar types and Obama suckups) and the price will go down.

Here in the Dallas area, I was paying 77 cents a gallon for regular grade unleaded when Newt Gingrich and his Conservative Patriots were in power back in the 90's. Clinton was merely a figurehead then since, under Gingrich's brave leadership, American got back on track undoing the damage inflicted by the Democrats.

I'm all in for Newt Gingrich and can't wait for him to be sworn in as President in January 2013. His long coattails along with dissatisfaction with Obama will start the process of restoring America. With government held in check and regulation reduced, we'll again see plentiful, cheap energy.

[berdie]

Your first sentence said it all.

Everyone in disparaging Newt for trying to keep up with the times.

He said it would be mostly funded by private enterprise.

[re_nortex]

I would love to see Gingrich, or Santorum (or Mickey Mouse) address the ethanol mandate and subsidy issue.

In spite of the good-natured rivalry between Texas and our neighbors to the north, Oklahoma, one of the things I enjoy when driving across the Red River are numerous signs like this at gas stations:

I think they have it right. 100% pure gasoline yields better mileage and doesn't damage the engine as does an ethanol mix.

[true believer forever]

Okay. Between your simplification, and nortex’s pic, I understand it... Pure gas is better and more efficient... and to be truthful, when Newt was in Iowa, I think he did say he supported subsidies, though at the time, I didn’t really know what that meant.

Try this (actual mileage will vary with vehicle and driving conditions, but this has been observed):
1000 miles at 18 miles per gallon = 55.56 gallons of “gas with up to 10% ethanol added”
1000 miles at 22 miles per gallon = 45.45 gallons of pure gas

[GVnana]

MY MAN NEWTZILLA!