Gas Prices - Is it possible?

[jleger98]

just remember, whatever is being done to the water takes power.....

I wonder where that might come from? hmmm......

a big-a$$ alternator

[Lucky 275]

I just choose not to purchase gas from companies who get their oil from the middle east ( or Venezuela) Shell is one that doesn't. Citgo is run my Hugo Chavez, and they've been hit pretty bad here in Middle TN by boycotts. But their gas prices aren't dropping.

http://www.eia.doe.gov/pub/oil_gas/p...mmary2007.html

[Costigan]

Impossible. Write your local government to open up restricted areas to drilling (ANWR, coastlines,etc), increasing domestic supply and reduce foreign dependency. Oil companies aren't gauging (your local gas station makes cents on the gallon by the way), its a world commodity and oil prices reflect global supply and demand.

Maybe we could boycott and not buy anything from
Jared jewelers to get the price of gold to come down too.

I agree. By the time we start using "our" oil. There will be something better and it won't be worth as much. Let's start using our own resources.

[dgutz]

2009 Tige Delorian

An insider told me tige is coming out with a boat that runs on trash and beer cans. I hope it is true, but i need to get ahold of my contact and verify. If so, that will show the oil companies.

[chpthril]

An insider told me tige is coming out with a boat that runs on trash and beer cans. I hope it is true, but i need to get ahold of my contact and verify. If so, that will show the oil companies.

Empty beer cans, right?

[DieselPWR]

This from CNN the other day:

(CNN) -- Gasoline prices set a record for the 16th consecutive day Wednesday. A gallon of gas cost an average of $3.62, according to AAA, and much more in some markets.

All three presidential candidates have weighed in on the issue, and President Bush on Tuesday addressed it during a news conference.

John Hofmeister, president of Shell Oil Co., the U.S. division of Royal Dutch Shell, addressed rising gasoline prices during an interview Wednesday with John Roberts on CNN's "American Morning."

ROBERTS: What do you say to people who are in this budget crunch of trying to fill up the family car?

HOFMEISTER: I say we need more gas to be produced in this country. I've been saying that for three years, ever since I took this position [as president of Shell].

If the U.S. set a goal to produce 2 to 3 million barrels more a day in this country, we would send a shock around the world that would immediately say to the speculators, hey, U.S. is serious. President [Bush] said something yesterday about this. I didn't hear him, but I think that's good news. But we should set a specific target.

The presidential candidates should be out there on the postings saying let's increase domestic production by 2 to 3 million barrels a day. That would be something that would put money back into this country, jobs back into this country, and it would bring more supply toward the Americans who need it.

ROBERTS: The president is advocating more drilling on U.S. territory. Isn't it true that globally we're starting to reach a peak in production and that within maybe a decade or two oil production will begin to decrease?

HOFMEISTER: Well, I think there is some argument [that] with convenient, easy oil we will peak sometime in the next decade. I think Shell sees that coming, but in terms of total oil supply to the world, we're a long way from reaching peak oil because it doesn't take into account unconventional oil.

I think the president brings up a good point in that we could, we have the available domestic supplies off the coast of Alaska as well as [the Alaska National Wildlife Refuge]. Shell has won $2 billion worth of high bids for the Chukchi Sea -- that's a few years off before we could begin production.

But let's remember there's more than 100 billion barrels of untouched oil and gas in this country that is subject to a 30-year moratorium. Now, there's only one body in this country that can set a 30-year moratorium, and that's the U.S. government.

ROBERTS: Sen. Hillary Clinton wants to slap you with a 50 percent tax on what she calls windfall profit, profit above a certain level. Is that a good idea?

HOFMEISTER: Look at our revenues and our income for the last quarter. If we had made $7.8 million on $114 million of revenue, nobody would call that excessive, because that's 7½ percent. We made $7.8 billion profit on $114 billion revenue -- same 7½ percent. So to me that is not an excessive number when banks and pharmaceuticals and IT companies earn a whole lot more.

ROBERTS: Would it hurt you if she put in place this tax on the windfall profits?

HOFMEISTER: Sure it would. It would slow down investment. Taxing the oil companies was tried in the '80s. It drove us to do imports, which is exactly the problem we have today.

ROBERTS: Where is the top of all this? How high can the price of a barrel of oil go? How high will the cost of a gallon of gasoline go?

HOFMEISTER: I heard somebody say the other day it's as long as a piece of string. We don't know.

ROBERTS: The president of OPEC said $200 a barrel.

HOFMEISTER: Yeah, well, there are some countries out there subsidizing the cost of their energy to their consumers and industries to compete with America -- or against America -- because they think America won't solve the problem.

ROBERTS: You're saying you have no idea where the top is.

HOFMEISTER: We don't know. But we should produce more oil in this country

AMEN!!!

[dogbert]

Makes you wonder why we have a moratorium on local resources

[eks]

Makes you wonder why we have a moratorium on local resources

Two words: "three huggers"

[dogbert]

Two words: "three huggers"

...who are the first ones to whine about high gas prices and how we need a new energy policy.

BTW, what's a three hugger? Is that similar to a two-banger?

[da.bell]

^^^ lol

[eks]

LOL

[balair]

Maybe we could boycott and not buy anything from
Jared jewelers to get the price of gold to come down too.

Are you crazy? That's like saying lets boycot the stock market so it goes down too lol.

[balair]

An insider told me tige is coming out with a boat that runs on trash and beer cans. I hope it is true, but i need to get ahold of my contact and verify. If so, that will show the oil companies.

That would be nice since we try to maintain a steady supply of emptys and trash in my boat

[dogbert]

An insider told me tige is coming out with a boat that runs on trash and beer cans. I hope it is true, but i need to get ahold of my contact and verify. If so, that will show the oil companies.

Sounds like someone's been watching "Back to the Future"...let me guess, it's got a flux capacitor?

[sparky216]

1.21 Giga-watts

My mom was talking about this boycott crap this afternoon.....I think we all need to conserve more or just get used to paying more for fuel. I would like to see historical data on the price of fuel adjusted for inflation to see how much we are really paying to fill up compared to the 60's and 70's