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Technology has come far from the time it was signed though... |
They banned it for political reasons – a feel good move and oil then was irt cheap. We are paying for it now – typical of politicians. I hear people saying o/s drilling will cause environmental issues – they ignore that there was little to no impact from Katrina in regards to o/s drilling. Facts suck. LOL
Opening up off shore, Alaska, etc., is good long term sense, plus may add some psychological impact to slow oil speculation, since perceived supply is supposedly the reason for the price jump. The more oil we can get domestically helps our trade deficit, which last I read is nearly 100% energy related, meaning if you take out energy we have no trade deficit. That would help with the spiraling $$. Then is the fed would stop printing money (literally) and raise rates it would bring the dollar back into line which will help more then anything. $4 will likely never go away – the best we can do is contain it where it is, really. I still think we need a multi-pronged attack on all this – drill, nukes, clean coal, whatever we have inside our borders and within our current delivery infrastructure. It would also have a big impact on national security. Couple all that with energy savings (hybrids, etc) and alternative fuel development and we are on our way. There is no 1 answer; there are lots of small parts that make up the whole. |
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All this oil price crap reminds me of the California Enron scandal where they were causing power outages by purposely shutting off power in order to justify the need for rate increases
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Hind sight is 20/20
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Supply is not a problem, they just say it is.
We cannot refine it fast enough, but demand has only increased 3-4% world wide. Dollar is down, speculation is up. See what happend today when the dollar rose a bit? Oil went down over 5 dollars a barrell And yesterday went down 4.. If the dollar rose back to where it was a few years ago, 100 dollar a barrel oil would be a thing of the past. Then cut the balls off teh speculators, and we could see 60 dollars a barrell a day after. |
There were a few places around here the dropped a few cents....the local Quick Check was down to 3.93 for reg. last night :)
- Justin |
I just put some gas in my car for the first time in three monthes, only had ten bucks on me and I got a massive 2.5 gallons.... :shock:
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Shut up commie.
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Weird, Iran tested some missiles but the price of crude didn't go up. Whats going on? :lol:
Maybe tomorrow... |
I filled up the other day at the Delta station on Wanaque Ave in Pompton Lakes. Reg was 3.84. Premium was 3.99.
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