We cannot go after our own oil in ANWAR though, it might disturb the mating habit of a Caribou.
Isn't it about time for an international law covering cartels? In the US we do not allow a group to set prices on the goods they sell by having a meeting and agreeing what to charge. International law always seems to go against America, let's use it to our advantage for once.
OK, drill Alaska. By the time the price-gouging hits us like that, we'll have our own supply.
That, and a democratic Iraq would be more inclined to drop rates for it's biggest ally.
Just keep buying those SUVs and filling the Saudi coffers.
Why don't we just tax gasoline a bit more so that consumption goes down. That way the higher price of gas will flow into the American treasury rather than the Saudi one.
Isn't it amazing that China will soon have higher fuel efficiency standards than the US?
Gasoline in (per capita income approx $850) has more expensive gasoline than the US.
Why is a country so focused on independence, so blind to its oil addiction? with our greatest enemies as the big suppliers.
then sally struthers can do an infomercial about a correspondence course in 'blacksmithing'
People need to start thinking smarter. For example in Vegas people should have solar panels for residential energy use. Noone in Crete or Cyprus has fuel heated hot water tank. They have a tank on the roof of the house and the sun warms their water. Save oil and gas for cars and where you have no energy alternative.
So within 2 years, I should convert to gas?
GOOD then we can finally start drilling in Alaska : ))
I will gladly pay more to start that off : ))
Speculators are ruining the markets. It used to be about long term gains; now it's all about that quick score.
Went to a big boat show a couple weeks ago. The sailboats were tucked in one small corner of the exhibition hall; >90% of the boats on display were huge powerboats with monstrous twin inboards or gas outboards the size of cars stood on end. And this was in Boston - supposed liberal bastion of environmentally-conscious greenfreaks. Freakin' hypocrits.
By and large, America just doesn't care about the price of oil, or the suppressive effect that gratuitous consumption of it has on the overall economy. Apparently, our conspicuous displays of status are more important. That's Ok though; this is America and we're free to set our own priorities. I just can't wait 'til the weather improves so I can start commuting on my 50mpg motorcycle again.
Time to dust off the ANWR bill, open up domestic and off-shore exploration, and shove it down the Dimwits throats - the time is right, even if there is no immediate impact aside from OPEC fears that the ANWR field may be bigger than anyone believes.
There is way too little public discussion of the pervasive economic impact of ultra-high oil and gosloine prices and, from my perspective, a lot of half-baked, off-the-cuff explanations for the reasons that oil has shot up to the $50-plus range, is staying there, and may go much higher. Our dependence on foreign oil obviously has been a major vulnerability for some time; it seems that vulnerability has gotten worse and it's escalated from a vulnerability to a liability.
Publicly predicting a future price instead of forcasting is called Market Manipulation.
Eyes on oil shale again
Pricey extraction techniques might be feasible if price keeps going up
By Leigh Dethman
Deseret Morning News
Oil prices Thursday peaked at their highest level since late October sparking yet another debate about the viability of Utah's high-cost, high-risk shale oil reserves as an alternative fuel source.
The Green River Formation, a geologic swath stretching into Utah, Colorado and Wyoming, contains an estimated 1.5 trillion barrels of oil, according to the American Association of Petroleum Geologists.
The problem is, nobody seems to know how to get it out at a reasonable price.
"The technology has been around for a long time," said Larry Nation of the association "Now might be the time to put it to good use."
http://deseretnews.com/dn/view/0,1249,600116213,00.html
I'm glad I have a few acres of trees. I think I'll invest in a new chainsaw, woodstove and log splitter.
Oil prices could hit $80 within two years.....U.S.A. a 3rd world country.
Bump for future reference.
ping.
Think of all that oil in Utah, Wyoming and Alberta that it becomes profitable to go after at $80/BBL.