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      06-09-2008, 11:13 AM   #1
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After 8 years of Bush/Cheney...

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      06-09-2008, 11:28 AM   #2
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and people act surprised....
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      06-09-2008, 11:34 AM   #3
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Don't forget the special interest and environmental clowns that wont let us drill for our own oil.
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      06-09-2008, 11:37 AM   #4
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Blame Bush/Cheney?



How about the do-nothing Congress who won't allow production at our refineries to increase past 50% because their pockets are lined with Big Oil Lobby's bribes?

At least get a clue as to how to properly complain about shit. Jesus.
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      06-09-2008, 11:37 AM   #5
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well...the economy (the dollar) does suck!
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      06-09-2008, 11:39 AM   #6
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http://zfacts.com/p/35.html
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      06-09-2008, 11:43 AM   #7
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Quote:
Originally Posted by The Cleaner View Post
Don't forget the special interest and environmental clowns that wont let us drill for our own oil.
Won't let us...
Get real...70% of americans are those special interest "clowns" that want the US out of Iraq, but the leadership gives rat's ass about it...
Now, someone's stopping Bush to do whaever he wants...funny...
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      06-09-2008, 11:44 AM   #8
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$4.61? hahahha....

I paid $4.99 this morning

EDIT: I don't see anything stopping the price...probably $5.49 by end of summer?
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      06-09-2008, 11:45 AM   #9
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How about instead of blaming the administration you look in the mirror and shift the blame to where it should be. As consumers we are responsible for 99% of the economic activity that takes place in this country regardless of what the current monetary policy is. It's our own damn fault that the mortgage industry is in chaos, inflation is rising and oil prices are at an all time high. Get over it. Blaming the President for our greedy over spending and economic apathy just doesn't cut it anymore. I am no supporter or the current administration by any means, but it is a cop out to say that they had anything to do with the pickle we're in.
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      06-09-2008, 11:45 AM   #10
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Quote:
Originally Posted by dr325i View Post
Won't let us...
Get real...70% of americans are those special interest "clowns" that want the US out of Iraq, but the leadership gives rat's ass about it...
Now, someone's stopping Bush to do whaever he wants...funny...
LOL how did we get to Iraq from drilling for oil? wrong thread for Iraq.
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      06-09-2008, 11:57 AM   #11
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ur joking right? before u take a pic like that let me know. those prices are cheap(er) than what im seeing
we're hitting 4.65/67
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      06-09-2008, 11:59 AM   #12
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This is what I wrote in another thread regarding drilling in Alaska...

"I was just crunching some numbers and the oil companies believe there is 5-16 billion barrels of oil in ANWR (the US dept of Interior believes there is 10.4 billion). 1 barrel of oil makes 19.5 gallons of gasoline...lets just say 20 gallons.

That makes 320,000,000,000 gallons of gas if we go with the Oil companies high of 16 billion.

Americans use 385 million gallons of gas a day...

So divide 320 billion by 385 million a day and you get....

831 days or a little over 2 years worth of gasoline.

Doesn't sound like enough does it...

Supposedly we would only be able to produce 1.4 million barrels of oil a day out of ANWR, and right now americans use around 20 million...that would give us a 7% increase for 11,428 days or 31 years.

The question is how much would a 7% increase in the amount of oil we produce instead of import drop down the price of gas? That's what I don't know, but would like to find out. However I'm sure the growth of India and China will quickly off set it causing prices to stay at the level they are now...at least until India and China don't exceed that 7%...and who knows how long that would last...look how quickly it took us to get from $2.50 a gallon to $4.00 today.

This just sounds like putting a Flintstones ban-aid over a gushing wound..."

Oil companies will be quick to tell everyone that there is plenty of oil in Alaska...16 billion barrels of it!!! Oh wow that sounds like soooo much. Then they get everyone on their side to support their efforts to make us "energy independant" and now everyone thinks we won't need oil from the middle east anymore. "This is such a great idea!" we say. Then when we realize it doesn't do enough to help our pockets we're the ones who are stuck and the oil companies are laughing their asses off ass they count all their new cash.

The only way to successfully lower the price of oil is to not use it anymore. Impossible I know...but that's reality...unfortunently there are no quick fixes for this dilemma that neither president bush or Obama/McCain can fix. We need car companies to boost research and start coming out with more efficient automobiles for us to drive.

Honda came out with its first hybrid in 1999
Ford & GM came out with its first hybrid in 2004

Someone needs to tell the US automakers to get their shit together.
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      06-09-2008, 12:22 PM   #13
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Quote:
Originally Posted by TMNT View Post
This is what I wrote in another thread regarding drilling in Alaska...

"I was just crunching some numbers and the oil companies believe there is 5-16 billion barrels of oil in ANWR (the US dept of Interior believes there is 10.4 billion). 1 barrel of oil makes 19.5 gallons of gasoline...lets just say 20 gallons.

That makes 320,000,000,000 gallons of gas if we go with the Oil companies high of 16 billion.

Americans use 385 million gallons of gas a day...

So divide 320 billion by 385 million a day and you get....

831 days or a little over 2 years worth of gasoline.

Doesn't sound like enough does it...

Supposedly we would only be able to produce 1.4 million barrels of oil a day out of ANWR, and right now americans use around 20 million...that would give us a 7% increase for 11,428 days or 31 years.

The question is how much would a 7% increase in the amount of oil we produce instead of import drop down the price of gas? That's what I don't know, but would like to find out. However I'm sure the growth of India and China will quickly off set it causing prices to stay at the level they are now...at least until India and China don't exceed that 7%...and who knows how long that would last...look how quickly it took us to get from $2.50 a gallon to $4.00 today.

This just sounds like putting a Flintstones ban-aid over a gushing wound..."

Oil companies will be quick to tell everyone that there is plenty of oil in Alaska...16 billion barrels of it!!! Oh wow that sounds like soooo much. Then they get everyone on there side to support their efforts to make us "energy independant" and now everyone thinks we won't need oil from the middle east anymore. "This is such a great idea!" we say. Then when we realize it doesn't do enough to help we're the ones who are stuck and the oil companies are laughing their asses off counting in the dough.
Another way to look at it is that 1.4 million barrels a day is about what we import from Saudi Arabia. It is a significant sum of oil that would have an impact on price. It would also be significant in that it represented a source of oil immune from the instability of the Gulf region.

We have denied ourselves this source of oil for what exactly? The people of Alaska overwhelmingly support exploration and drilling (75%), the area is remote and barren, less that 2,000 people visit the entire 19 million acres a year. This really should be a no-brainer.
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      06-09-2008, 12:40 PM   #14
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Another way to look at it is that 1.4 million barrels a day is about what we import from Saudi Arabia. It is a significant sum of oil that would have an impact on price. It would also be significant in that it represented a source of oil immune from the instability of the Gulf region.

We have denied ourselves this source of oil for what exactly? The people of Alaska overwhelmingly support exploration and drilling (75%), the area is remote and barren, less that 2,000 people visit the entire 19 million acres a year. This really should be a no-brainer.
While I am not completely opposed from drilling in Alaska, my concern is the american peoples' preception that everything will be ok after that and assume that we can go back to normal when in fact that's not the case. I feel that we will go back to our old ways until we run into another issue like this again and start the whole process all over again.

I feel that we will be temporarily covering up the problem and never really address it.
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      06-09-2008, 12:48 PM   #15
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Quote:
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While I am not completely opposed from drilling in Alaska, my concern is the american peoples' preception that everything will be ok after that and assume that we can go back to normal when in fact that's not the case. I feel that we will go back to our old ways until we run into another issue like this again and start the whole process all over again.

I feel that we will be temporarily covering up the problem and never really address it.
Maybe we are looking at two separate issues. My issue is the high price of gas at the pump. That problem would be mitigated, if not solved by increased supply.
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      06-09-2008, 12:56 PM   #16
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LOL how did we get to Iraq from drilling for oil? wrong thread for Iraq.
Read my comment again, maybe you'll understand the point second time...
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      06-09-2008, 01:15 PM   #17
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Quote:
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Maybe we are looking at two separate issues. My issue is the high price of gas at the pump. That problem would be mitigated, if not solved by increased supply.
That's the misnomer. While simple economic theory would seem to make sense, our per barrell cost of crude is actually based on the pricing of gasoline, which is based on our ability to refine oil quickly.

I know it seems crazy, but that's actually the issue. There is no shortage of supply of crude that's driving pricing up. There's plenty of crude. It's the fact that we haven't built a single refinery in the US since the 70s, and that our current refineries are only at half capacity.

This is a lot more complicated of an issue than just finding more oil.

The benefits of ANWR aren't permatant relief for America, and it's kind of silly to speculate how much one singe reserve would carry the US, when we buy from 20 different countries (it would obviously just compliment our current supply chain) and can't refine it quickly enough to do that anyways.

The benefit of ANWR drilling is reducing our Middle Eastern dependance on oil, which is some 10% of America's imports (yes, that's it, 10% - Most people don't know that 40% of America's oil is actually domestic (down from 70% in the 1970s).
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      06-09-2008, 01:26 PM   #18
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Blame Bush/Cheney?



How about the do-nothing Congress who won't allow production at our refineries to increase past 50% because their pockets are lined with Big Oil Lobby's bribes?

At least get a clue as to how to properly complain about shit. Jesus.
Congress sucks big time...I am not affiliated with any party. My post is very factual. After 8 years of Bush Cheney, gas prices are soaring. That's all.
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      06-09-2008, 01:36 PM   #19
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Originally Posted by AWD Addict View Post
That's the misnomer. While simple economic theory would seem to make sense, our per barrell cost of crude is actually based on the pricing of gasoline, which is based on our ability to refine oil quickly.

I know it seems crazy, but that's actually the issue. There is no shortage of supply of crude that's driving pricing up. There's plenty of crude. It's the fact that we haven't built a single refinery in the US since the 70s, and that our current refineries are only at half capacity.

This is a lot more complicated of an issue than just finding more oil.

The benefits of ANWR aren't permatant relief for America, and it's kind of silly to speculate how much one singe reserve would carry the US, when we buy from 20 different countries (it would obviously just compliment our current supply chain) and can't refine it quickly enough to do that anyways.

The benefit of ANWR drilling is reducing our Middle Eastern dependance on oil, which is some 10% of America's imports (yes, that's it, 10% - Most people don't know that 40% of America's oil is actually domestic (down from 70% in the 1970s).
I agree in part. We do need to build more refining capacity but US refining capacity is not responsible for the increase in the world-wide price of crude. That is largely the result of the weak dollar (which is something the administration could and should do something about) and the demand leaving little cushion in available supply.

The sharp rise in gas prices is not confined to the US. I took a look at the Weekly Retail Premium Gasoline Prices (Including Taxes) and it shows that the rise as been uniform across the countries tracked.

From Jan 2001 to June 08, the prices ($US) have increased as shown below:

Belgium: $3.47 to $9.20

France: $3.58 to $8.80

Germany: $3.55 to $8.93

Italy: $3.74 to $8.93

Netherlands: $4.02 to $9.89

UK: $4.42 to $8.74

US: $1.61 to $4.20

A rise of about 250% across the board except for the Brits who only saw a 200% increase.
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Last edited by ganeil; 06-09-2008 at 02:48 PM.
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      06-09-2008, 01:52 PM   #20
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(which is something the administration could and should do something about)
Well put. Even a broken clock is correct twice a day.

I'm tempted to call you my friend, but I won't make any rushed decisions.
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      06-09-2008, 02:01 PM   #21
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Thought this would cheer everyone up...
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      06-09-2008, 04:33 PM   #22
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It's the fact that we haven't built a single refinery in the US since the 70s, and that our current refineries are only at half capacity.
I have heard of this before, but why is this the case? Pollution? After a quick search it looks like these refineries are extremely pollutant. I wonder how many more refineries we would need to reduce the cost of gasoline and what kind of cost reduction we're talking about (if we're talking chump change then why pollute the air? I would like to see that the pros over take the cons)

Do you happen to know more about this subject or were I can read more on it?
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