Thread: 4 dollar gas

Originally Posted by Stinger

Like actually rebutting the other persons statement instead of complaining about someone actually refuting their argument?

I laid this out, it is the administrations fault. There lies caught up with them, gee wiz golly now we get to pay the price. When is it going to cost you enough to quit carrying their water? My guess is never!

Gee this thread got quiet!

Originally Posted by michaelr

Gee this thread got quiet!

Other than bitching a lot I think most of us feel pretty powerless about this. And this absolute lack of global warming in the northland is keeping me off my motorcycle. Damn you Al Gore, I've been counting on GW.

That's probably right to a large degree, however keep in mind big oil hasn't built a new refinery in over 23 years ! So even if we had scads more supply of gas it wouldn't help unless we have the refineries to refine it.

The trick is to convince oil companies to invest in more refineries or add a lot more onto the ones they already have, and I don't see that due to environmentalists and all the politicians wanting to take away tax breaks for oil companies, they have no inncentives to build more refineries especially when there's all this talk about how they are ruining the good earth and a push for going green, so if we are supposedly working to use a lot less gas, where's the incentive to build more refineries ?

Big oil, the politicians and Opec are in the same bed, they are here to stick it to the people and get as much for a barrell of gas as possible, you''re right, $4 gas is not all that far away.

This is also true, however keep in mind that China is now the 2nd largest user of energy including gasoline, that puts a serious supply/demand pressure on oil especially with declining oil output from Opec, their wells are getting very old and many will be shut down and can't be replaced anytime soon, this is one of the new pressures causing it to go up.

Originally Posted by shadow2008

That's probably right to a large degree, however keep in mind big oil hasn't built a new refinery in over 23 years !

And the reasons for that are...?

The staggering cost of environmental impact statements.

The ridiculous cost of federal, state, county, and city regulations.

Neighborhood whiners.

Scumbucket lawyers.

The EPA controlling processes and products. I bet it's the oil companies that will pay for the MBTE contamination of the nation's ground water, not the EPA that demanded it be used or the environmental gangs..er groups supporting the EPA blindly.

Insurance costs.

And the actual cost of the physical plant itself.

Why bother going through all that merely to provide back up capacity when present facilities provide sufficient volume of product for national needs?

Originally Posted by shadow2008

This is also true, however keep in mind that China is now the 2nd largest user of energy including gasoline, that puts a serious supply/demand pressure on oil especially with declining oil output from Opec, their wells are getting very old and many will be shut down and can't be replaced anytime soon, this is one of the new pressures causing it to go up.

The biggest pressure driving the price of oil up is the collapse of the dollar because of unlimited unconstitutional social welfare spending.

Originally Posted by shadow2008

That's probably right to a large degree, however keep in mind big oil hasn't built a new refinery in over 23 years ! So even if we had scads more supply of gas it wouldn't help unless we have the refineries to refine it.

The trick is to convince oil companies to invest in more refineries or add a lot more onto the ones they already have, and I don't see that due to environmentalists and all the politicians wanting to take away tax breaks for oil companies, they have no inncentives to build more refineries especially when there's all this talk about how they are ruining the good earth and a push for going green, so if we are supposedly working to use a lot less gas, where's the incentive to build more refineries ?

Big oil, the politicians and Opec are in the same bed, they are here to stick it to the people and get as much for a barrell of gas as possible, you''re right, $4 gas is not all that far away.

Supply is not the issue right now there is plenty of gas. The problem is the value of the dollar. It takes more dollars to purchase the oil we import so the cost of refined products increases.

Damn, it looks like FFA bet me to my point.

Originally Posted by michaelr

I laid this out, it is the administrations fault. There lies caught up with them, gee wiz golly now we get to pay the price. When is it going to cost you enough to quit carrying their water? My guess is never!

^ Americans consumed more gas within the last month for gas to be at such a high price right now?

Originally Posted by Coolio43

^ Americans consumed more gas within the last month for gas to be at such a high price right now?

No man, oil is bought and sold with a devalued dollar, bring back the dollars value and the cost of oil will go down, it is a simple problem to fix. They need to make the dollar attractive again, until then you will see more recession and could lead into a major problem on a global scale.