Posted on 05/21/2008 3:35:11 PM PDT by kellynla
ping
Good too ping Thackney ........:o)
It is time to beat up our Congress-critters with emails demanding they pass legislation to increase domestic production. I told my delegation today that despite their efforts, I hold them and not the oil companies responsible.
The minute the approval went out to drill the price would collapse.
I think the price will probably crash on its own sooner then later anyway when usage drops off.
You are assuming the drop off in the US. That may be true but the real increase in demand is from China and India. I saw or heard a statement the other day that at the present rate of growth in China and India, they will be using the total production of oil by 2018.
Even the dumb-asses in the electorate are eventually going to realize who it is making them pay $4.00 a gallon. It ain’t “Big Oil”. It’s liberal polar bear huggers and crustacean-worshippers.
I am a courier who fills up a mini-van every day on my own dime. I’m now spending $60.00 a day to save the earth. Independent truckers are feeling the same pain.
It’s past time for a temper tantum on the part of normal Americans, directed at elitist douchebags like the congress and our own presidential candidate.
BTW, the reason the Saudis pumped up oil production in the mid-80s was that Ronaldus Magnus asked them to. See, the Soviet economy was dependent on their one decent exportable resource, oil, providing enough income to keep trying to take over the world. Reagan’s ploy was the most unrecognized strategy of the cold war, though perhaps as significant as SDI. See the DVD “In The Face of Evil” to check out the truth on this.
It’s not 1986. You have different factors and new sources of demand for a finite amount of a monopoly good. The price of oil is going to destroy our economy.
“The price of oil is going to destroy our economy.”
You’ve got that backwards. You do that a lot.
Although I don't use this product, since people are starting to use bicycles more, people might be interested in this autoshifting bicycle.
Autoshifting bicycleAlso, I'm keeping an eye on developments in bio-fuel production.
First, the bad news about ethanol. Ethanol fires are evidently harder to control than gasoline fires.
Ethanol fires hard to control 1Hopefully, ways will be developed to make controlling ethanol fires easier.
Ethanol fires hard to control 2
On the brighter side concerning ethanol, there's now evidence that people might get as much, or more, bang per buck for their gas dollars with gas / ethanol mixtures.
Gas-competitive gas / ethanol mixturesAlso, I was surprised by the introduction of a machine (popularly known as a still) for making home-made ethanol.
EFuel100In stark contrast to the 1700 gallons of water required to make one gallon of corn-based ethanol as indicated by the OP, the EFuel100 uses only 170 gallons of water to produce 35 gallons of ethanol In other words, the EFuel100 uses less than 1% (about 0.2%) as much water as corn ethanol, under five gallons, to produce one gallon of ethanol.
But also note that the water used in the EFuel100 process does not take into account the water needed to grow the sugar that is used for this process.
And watch out for fines for violating biofuel regulations.
Fines for violating biofuel regulationsAlso, progress is being made in the development of other non-corn ethanol production technologies as well.
Non-corn ethanolFinally, I've also been hearing good things about biodiesel production but need to find some links.
The Demons are hell bent on destroying the middle class by refusing to allow domestic drilling for oil. If only McCain would start pointing this out.
“The Demons are hell bent on destroying the middle class by refusing to allow domestic drilling for oil. If only McCain would start pointing this out.”
Unfortunately, McCain is against drilling in ANWR too!
But just like we finally opened McCain’s eyes to “securing the border”, I’m hoping we can convince him that the solution to the problem is more domestic supply from ANWR and everywhere else in America!
We're gonna get screwed by both sides of the aisle.
No, it would help but it would not collapse oil prices. And if it did collapse oil prices the E&P in the States would grind to a halt.
However, we should drill in ANWR right away but the world were to decrease oil consumption by 0.11% that would do the same for the price of oil as bring ANWR on line.
I remember going on spring break in 1986. Gas was 57.9 cents in South Carolina.
And in 1986 there was little or no oil exploration in the United States and many oil field hands were out of work.
But Baby Bush and his oil buddy cronies don’t want the price of oil to drop. They are making record profits donchankow.
My recollection is that 1986 is the only year in modern America where the national economy experienced deflation, due to the oil bust. Texas went through a depression.
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