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Real Solutions To High Gas Prices »

Posted by: hurr1 1 month, 3 weeks ago

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Once again, we're being held hostage by the big energy companies, and we're paying for it at the pump. Some people think more drilling is going to help, but that sort of flawed thinking is what got us into this mess to begin with. Instead of prolonging our addiction to oil, we need to...

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    mivan41 month, 3 weeks ago

    No, more drilling didn't get us into this mess. In the 50's we didn't import oil and we had low prices. After Jimmy Carter we drilled allot and went from 60% dependent on foreign oil to 28% dependent. And what happened - prices plummeted. Yes we need alternatives, but the truth is is we really don't have a viable alternative yet and until we do drilling is part of the solution.

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      GWHayduke1 month, 3 weeks ago

      In the 50s we had far fewer drivers on the road and most families did not own two or three cars.

      This is an issue of consumer behavior and their value for petrol. When fuel was cheap and abundant with relatively little tax applied, there was little value. We built giant trucks and enormous SUV's for a single person to commute in because it was affordable as a result of cheap gas.

      Its like having a pocket full of pennies, nickles and dimes. They spend like any other type of currency, but if they fall out of your pocket onto the ground...someone else can pick them up.

      NOW that gas is $4.50 a gallon, suddenly it has incredible value! Cant afford to fill up that mega vehicle anymore? Better look into a foreign machine capable of something over 20mpg.

      Funny how all of those countries with reasonable taxes controlling the value (yes, government regulation) produce the most fuel efficient autos which are...suddenly, in high demand and have much higher value!

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    mivan41 month, 3 weeks ago

    No, more drilling didn't get us into this mess. In the 50's we didn't import oil and we had low prices. After Jimmy Carter we drilled allot and went from 60% dependent on foreign oil to 28% dependent. And what happened - prices plummeted. Yes we need alternatives, but the truth is is we really don't have a viable alternative yet and until we do drilling is part of the solution.

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      Wolfie20071 month, 3 weeks ago

      Excellent, mivan4, and I get to give you two positives for that intelligent comment. Why can't we do it all, oil,wind, solar, nuclear, natural gas, methane, hydrogen and even little microscopic bugs that are supposed to be able to produce oil. So what's the big problem with drilling for oil even if it takes 5 to 10 years to reach the pump? Right now there isn't a good alternative, ethanol is expensive to produce, costs the same as gasoline apparently* and it's difficult to transport.

      *We are being told that 10% of the fuel we are buying at the pump is ethanol. Does the price of ethanol increase every time the price of oil goes up?

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        Xaos1 month, 3 weeks ago

        Ethanol futures closed yesterday at $2.70/gal. It has roughly tracked the price of oil and gasoline but still runs at least a dollar less that gasoline in futures trading.

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        chevydog1 month, 3 weeks ago

        Wolfie -- Agree that a multiplicity of solutions is necessary. More drilling is just one of the facets.

        Ethanol dificult to transport? It's a standard flammable. All sorts of concerns are currently moving huge volumes of it or materials with equivalent physical properties. The company I used to work for was a biiig user of both methanol and butanol, alcohols on either side of ethanol. I've watched E-85 trucks unload at local stations with no special provision except to avoid high-traffic hours.

        True, I wouldn't want someone with a cigarette in his mouth to be unloading the stuff. But if one ignores both common sense and safety procedures the whole world is hazardous.

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      coolrayfruge1 month, 3 weeks ago

      Go back to Horses.

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        Wolfie20071 month, 3 weeks ago

        coolray

        I could go back to horses but algore might be upset over all the methane and poop horses put out. lol

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        orfeus1 month, 3 weeks ago

        Horses in USA didn't exist before the europeans :)) So go back and walk! Stop destroyng our plannet!

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          ligniteman1 month, 3 weeks ago

          The person who wrote this blog is an idiot.

          If all the green idolators who scream "Stop destroying our planet" from the rolled down windows of the gas guzzling SUVs they are driving down the freeway would just start "practicing what they preach" we wouldn't be in the mess we are in right now.

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            Natureboy1 month, 3 weeks ago

            What do you drive, and what are you screaming?

            And are the "green idolators" you reference worshipping the green of dollar bills? Those idolators are the ones we need to worry about.

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            nicerice1 month, 3 weeks ago

            eyellusion, please read the report of oil demand, because it's growing perfectly normal with 4-6%, it's just some crazy oil capitalist or investor are ripping off our money with creating the illusion of high demand.

            Anyway, with our current path of how we depend on oil, we definitely need to rethink of our technology.

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              nikkibabe1 month, 3 weeks ago

              Vote the OIL LOBBY out of White House. Simple.

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                Natureboy1 month, 3 weeks ago

                Sadly, the oil lobby, like most megabucks lobbies, makes sure that whoever is in office is bought.

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                Natureboy1 month, 3 weeks ago

                "Real Solutions To High Gas Prices"

                Stay home.

                Trade in your gas guzzler

                Move closer to where you work

                Walk, or ride a bike

                Drive 55, not 75

                Check the air in your tires

                Buy locally grown food

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                  jumpmaster1 month, 3 weeks ago

                  Real solutions?

                  Stay home - good idea. The world can come to me.

                  Trade in your gas guzzler - no brainer.

                  Move closer to where you work - so very simple. Can you front me the cash differential for the more expensive house?

                  Walk, or ride a bike - agree

                  Drive 55, not 75 - the differnce in MPG is insignificant. Plus the additional time would cost me about $20k per year in lost time.

                  Check the air in your tires - big one. Pump them to max and get about an additional 1mpg

                  Buy locally grown food - better yet, grow your own.

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                jumpmaster1 month, 3 weeks ago

                The real root of the problem is overpopulation. Limit each family to one child, max.

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                  billion91 month, 3 weeks ago

                  I think we have to aware on fuel consumption.

                  Reduce fuel usage by improve alternative transportation is the better way for fuel usage reduction.

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                    cheif1 month, 3 weeks ago

                    Drilling in America or offshore won't mean a thing to our gas companies - the cost of gas at the pump won't decrease if they drill. The drilling we do in Alaska - and we got a lot of oil there - all goes to the Asian market. We don't see a drop of it. If we drill and strike billions of barrels of oil here, there is nothing that says the oil companies HAVE to sell the stuff to Americans at a low price. They're going to sell it to the highest bidder, who, at that time, will be Asia. We won't see a dime of it because the oil companies will all be foreign owned at that time. We can't get out of this hole unless we take over the oil companies and run them as a state run utility and that way we can regulate the price of oil we sell to ourselves.

                    If we don't find a good alternative soon, we can't compete anywhere and the USA won't be around much longer - it'll be divided among foreign energy companies...good luck folks!!!

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                      Xaos1 month, 3 weeks ago

                      That would be a much better comparison, the Futures markets I follow all trade liquid fuels in gallons or barrels. Should be an easy number to calculate however.

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                        Wolfie20071 month, 3 weeks ago

                        Well, after reading all your remarks this morning I find no one has attempted to answer my question, "why can't we do it all".

                        Btw,cheif, considering your remarks, you seem to be lacking a lot of knowledge regarding oil production, refining and distributing. Do you want to know why we send the oil from Alaska to Japan? Ask me, I'll catch you up on that.

                        Maybe you can understand this, it's really simple. If there is more oil available in the world then the price will decrease unless the demand goes higher. It's all about supply and demand, get it?

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                          Xaos1 month, 3 weeks ago

                          I would actually expect ethanol to be higher than oil and gasoline due to less supply and increasing demand, however it tends to follow the movement of crude oil and gasoline futures prices. I have been observing this trend in the futures market for the past 3 years now. Natural gas is the same story, increases in crude oil usually also mean increases in natural gas prices. I can see how oil and gasoline future prices would effect ethanol but natural gas is another story. Last couple of years natural gas has experienced the same spring run up in price as crude oil. I find that very odd for a commodity that experiences its lowest consumption in the spring and fall months.

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