I read about about congress taxing windfall profits. First thing i thought of, well thats nice. Now the goverment is going to want to have high gas prices so everytime the oil company makes more money, they can get more money for themselves. Im beginning to think the government is reason for these high prices, more so than the oil companies.
1980s Perspective
- Thread starter srercrcr
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STLRegal said:
That was my point. We can lower prices by taking the roadblocks away that keep us from developing domestic production. Just remember that it is all about power, and the government wants more of it. The more money it takes out of the private sector, the more power it has and the less power the citizen has over his or her own life. High prices are being manipulated by the Democrats as a way to seize power over a larger chunk of our lives. Remember too that class warfare is another classical Marxist ideal, and the whole idea of taxing the rich is just that. Class warfare. The end result is that every single person in the economy has a smaller economic pie from which to get their piece from. Not just the rich.
Let's talk (as friends) about the US supply. Yes, we can go into ANWR and we can drill offshore CA, FL, and up the East Coast, but there are two issues...environment and supply of crude.
We currently tap crude off the Texas (where I live) and Louisiana coasts.
I read we're drilling at an angle down by Mexican waters, it's harder and harder to economically pull the crude from our waters. If we want domestic crude we're gonna have to pay more. Forget about going to visit the Texas beaches. When you go swimming you'll find oil globlets on you and the beaches. Your clothes are ruined. It's nasty. The only saving grace is it's so hot alot of people wouldn't want to be out in the sun. Some consolation! Is that what you want on your beaches? Where will you draw the line? No oysters, no shrimp, no red snapper? All because of a failed policy that drives us to seek more and more oil....we're even dying in Iraq to get the stuff.
Supply....how much crude do you think US based supplies will provide? For how long, until the inevitable? Keep in mind, the whole existing TX and La offshore contribution is only 7% of our total US needs. It is estimated ANWR could contribute 4%. This is not gonna help much. We're importing 7% just from Venezula, which could be jeopardized at any time. 33% of our needs is imported from OPEC countries...do you see the scale? Another 39% is imported from non-OPEC countries, the bulk of which is Canada and Mexico. So 72% of our needs are imported, and we're still the largest consumer of crude in the world. All so that guy can sit in the parking lot in his big Excursion enjoying his cold A/C while his wife shops in the market. I say the hell with him, I'm drawing the line. We cannot achieve self-sufficiency...our leaders have let us down.
We currently tap crude off the Texas (where I live) and Louisiana coasts.
I read we're drilling at an angle down by Mexican waters, it's harder and harder to economically pull the crude from our waters. If we want domestic crude we're gonna have to pay more. Forget about going to visit the Texas beaches. When you go swimming you'll find oil globlets on you and the beaches. Your clothes are ruined. It's nasty. The only saving grace is it's so hot alot of people wouldn't want to be out in the sun. Some consolation! Is that what you want on your beaches? Where will you draw the line? No oysters, no shrimp, no red snapper? All because of a failed policy that drives us to seek more and more oil....we're even dying in Iraq to get the stuff.
Supply....how much crude do you think US based supplies will provide? For how long, until the inevitable? Keep in mind, the whole existing TX and La offshore contribution is only 7% of our total US needs. It is estimated ANWR could contribute 4%. This is not gonna help much. We're importing 7% just from Venezula, which could be jeopardized at any time. 33% of our needs is imported from OPEC countries...do you see the scale? Another 39% is imported from non-OPEC countries, the bulk of which is Canada and Mexico. So 72% of our needs are imported, and we're still the largest consumer of crude in the world. All so that guy can sit in the parking lot in his big Excursion enjoying his cold A/C while his wife shops in the market. I say the hell with him, I'm drawing the line. We cannot achieve self-sufficiency...our leaders have let us down.
Quote from CNN article...Thursday, the International Energy Agency gave advance warning that its previous forecast for supply and demand remaining in pleasant equilibrium over the next two decades was flawed. Its new projections, due in November, will say supplies may fall 10 percent short of demand, according to a report in the Wall Street Journal.
Leeb said Russia was already seeing a drop in production, and there's little evidence Saudi Arabia could increase production even if it wanted to.
"If the two biggest oil producers in the world can no longer increase production, that's a catastrophe, not a bubble," he said.
Mexico production is also decreasing.
Leeb said Russia was already seeing a drop in production, and there's little evidence Saudi Arabia could increase production even if it wanted to.
"If the two biggest oil producers in the world can no longer increase production, that's a catastrophe, not a bubble," he said.
Mexico production is also decreasing.
First off... WE pay those taxes at the pump which go directly to our gooberment. Prices at the pump are a good .30 cheaper here in MO than in IL. (More state tax added on there, its a Blue state too... Hmmmm).
And while we pay all these gas taxes, our gooberment makes it more difficult for oil companies to conduct business. The government is not your friend when you conduct business. They are like the mafia, the want to make the rules and they want a good cut for you to sell in their house.
Everyone wants cheaper oil, but no wants an oil well in their back yard. Cant have it both ways... but I would say that us spoiled rotten Americans better take a good look at how wasteful we are. Maybe these high prices will teach folks a thing or too... doubt it though.
Steve, I've been to the beaches of Corpus Christie as a kid. And there were oil cleanup stations on the beach... it was nasty.. we didn't even go swimming, talk about a waste. It's a shame to see our enviornment get wrecked and the president to create a war and send our kids to die over oil.
And while we pay all these gas taxes, our gooberment makes it more difficult for oil companies to conduct business. The government is not your friend when you conduct business. They are like the mafia, the want to make the rules and they want a good cut for you to sell in their house.
Everyone wants cheaper oil, but no wants an oil well in their back yard. Cant have it both ways... but I would say that us spoiled rotten Americans better take a good look at how wasteful we are. Maybe these high prices will teach folks a thing or too... doubt it though.
Steve, I've been to the beaches of Corpus Christie as a kid. And there were oil cleanup stations on the beach... it was nasty.. we didn't even go swimming, talk about a waste. It's a shame to see our enviornment get wrecked and the president to create a war and send our kids to die over oil.
They can sink an oil well in the middle of the sand of each of Florida's best beaches and I would not really care. They are not as important as cheaper oil and a better economy. Yes, we DEFINITELY do need to develop alternatives to fossil fuels, I would not deny that. However, we have so much of our industry, transportation, and general infrastructure base on it, that if a new car that ran on free toxic waste and gave off nothing but happiness and sunshine in return were to come out today it would still take 10-30 years to replace what we have now.
srercrcr -
Well, the one assumption you made that is correct is ... yes I'd like to see lower oil prices. Unless you've got investments IN oil, who doesn't? Aside from that - the name calling and feeble attempts to display a superior intellect are in vein. You don't know me personally. Who I am or my capacities to you are just as much an opinion as my views towards big business practices.
I do believe our government can do a few things to ease the burden, but ultimately I think greed is the culprit here. That is my opinion. As for my age, I can recall how rough I thought it was (warning more opinion) keeping a full tank of gas in my first G-body at over $.70 a gallon and after the first Gulf War broke out ... Concerned how much gas would rise. You obviously like numbers, you can do the math and form an opinion as to if I am still young or already old.
All that I have driven (and maintained) since then were the cars listed in my signature. Please limit the assumptions and respect opinion (even if you disagree).
Well, the one assumption you made that is correct is ... yes I'd like to see lower oil prices. Unless you've got investments IN oil, who doesn't? Aside from that - the name calling and feeble attempts to display a superior intellect are in vein. You don't know me personally. Who I am or my capacities to you are just as much an opinion as my views towards big business practices.
I do believe our government can do a few things to ease the burden, but ultimately I think greed is the culprit here. That is my opinion. As for my age, I can recall how rough I thought it was (warning more opinion) keeping a full tank of gas in my first G-body at over $.70 a gallon and after the first Gulf War broke out ... Concerned how much gas would rise. You obviously like numbers, you can do the math and form an opinion as to if I am still young or already old.
All that I have driven (and maintained) since then were the cars listed in my signature. Please limit the assumptions and respect opinion (even if you disagree).
Tony_SS -
off topic but ...
That's a pretty sweet car there, Got pix of the Elky too. If memory serves I do believe I have a couple of your T-shirts too.
off topic but ...
That's a pretty sweet car there, Got pix of the Elky too. If memory serves I do believe I have a couple of your T-shirts too.
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