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Post by blackandblue on Feb 14, 2012 21:34:23 GMT -5
What and why is actually going on?If I remember correctly these increases started in 05 after Katrina because they claimed the refineries where down from the storm.Now for the last six years it's one different reason after another.The world has seen problems in the Middle east since before we imported oil.Hurricanes are nothing new.I heard today (again)$5 a gallon this summer is a real possibility.In Wisconsin we had thousands marching on the capitol over Gov.employees collective bargaining rights not to mention what has happened nationally with the 99% occupations yet it seems noone has stood up on the fuel increases.Really?These prices affect everyone as everything we do and consume is centered on energy.Opinions?What can be done?
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Post by crashcravin on Feb 14, 2012 22:16:15 GMT -5
Supply is the problem,there just isn't enough to satisfy the world anymore. China and India have boomed in the past few decades bringing wealth to their people and driving up demand for gas and diesel as they went from bikes and scooters to cars. Some say drill for more oil the problem for the U.S. is there are no guarantees that the oil found even here will end up in our market to help the price to drop. If China is willing to pay more that's where it's going. The answer in my opinion really is bio fuels made from things we can grow and sold in markets we control. It doesn't matter if a 100% ethanol powered car uses twice as much if the raw materials are dirt cheap to produce and manufacturing is improved to make it yield more causing it to sell for 1.35-50 a gallon.
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Post by psychojimmy on Feb 14, 2012 22:46:02 GMT -5
fuel prices are what is tanking the economy IMO, peoples income has not risen as sharply as the prices did in 03 then 05 and now have stayed
3.95 for diesel here
wanna female dog about a $600 rust vic? 4200# call it 2 ton @ 285 x2 $570 plus fuel and its no pick nick
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Post by jfaucett on Feb 15, 2012 18:23:40 GMT -5
3.19 for unleaded in Fishers Indiana today!
3.30 in Frankfort, Indiana....
jdf
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Post by derbyman521 on Feb 15, 2012 18:34:00 GMT -5
i am getting gas for an average $2.99 a gallon and diesel for $3.35 on average
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Post by jfaucett on Feb 15, 2012 18:37:57 GMT -5
i am getting gas for an average $2.99 a gallon and diesel for $3.35 on average I heard on Fox News that Colorado had the cheapest gas in the nation! jdf |
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Post by derbyman521 on Feb 15, 2012 18:51:57 GMT -5
Yes that is true but i am not really sure why or how that is
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Post by jfaucett on Feb 15, 2012 18:55:30 GMT -5
Your Governor and State Reps must hate speculaters and they know it! lol
jdf
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Post by crashcravin on Feb 15, 2012 22:44:47 GMT -5
They are debating the merritts of the U.S. and Isreal bombing Irans Nuclear Program on CNN. Think that isn't going to affect the price of gas very soon?? Get it why you can
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Post by buzzkillrubber on Feb 15, 2012 23:24:03 GMT -5
The last time gas prices were under $2.00 was Jan 2009. The last day President Bush was in Office, gas was $1.84 which was Jan 20th. Gas has went up almost every month since Obama took office. No pipeline, Obama's new EPA regulations and the treehuggers telling him not to drill Alaska and more in North Dakota is killing us.
Another answer would be raise the price of corn and soybeans that we sell at $7/bushel to the Middle East to the same price of the barrel of oil they sell to us $110/barrel (last I saw) and I bet the oil prices drop!!!!!!!!!
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Post by buzzkillrubber on Feb 15, 2012 23:26:10 GMT -5
Heres an interesting chart about who we import oil from the most...
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Sep-11 Aug-11 YTD 2011 Sep-10 YTD 2010
CANADA 2,324 2,240 2,157 1,937 1,971
SAUDI ARABIA 1,465 1,075 1,180 1,082 1,072
MEXICO 1,099 1,150 1,113 1,108 1,132
VENEZUELA 759 806 893 919 928
NIGERIA 529 854 826 1,107 1,018
COLOMBIA 510 365 364 308 328
IRAQ 403 637 473 422 464
ECUADOR 299 303 203 229 215
ANGOLA 283 311 323 404 413
RUSSIA 275 252 246 286 295
BRAZIL 163 213 225 177 270
KUWAIT 145 165 164 172 204
ALGERIA 139 140 204 366 337
CHAD 74 32 54 30 14
OMAN 72 52 39 0 0
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Post by crashcravin on Feb 15, 2012 23:44:52 GMT -5
The problem is that other Countrys import oil from those people too and it is a free market if we are out bid it's gone. You mentioned the pipeline, if you look at the existing line from Canada it ends in Illinois, why arent we paying less for fuel? We have the supply close to our area. The proposed extension takes it to the Gulf....where it can be exported. There would be short term job gains in building the line but not much else IMO.
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Post by derbyman521 on Feb 16, 2012 6:08:50 GMT -5
Lets just take over Iraq and only ship oil to ourselfs that will solve the issue  |
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Post by kenny on Feb 16, 2012 8:41:01 GMT -5
all of the above. we got rid of sadam and bin landen and quadffi. lots of oil in the u.s.a. I'm all for ethenol and soy based fuels if I have to retro fit my old cars to run on e-85 or 100% ethenol so be it. strange thing is that e=85 here in Lake county Illinois is 2 cents higher priced then gasoline at the station! gas is 3.37 e-85 is at 3.39??/ not sure how that all works but figure that someone is getting rich and it ain't me everytime i fill up. I'm all for raising the price of food to the middle east to the price of a barrel of oil.
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Post by buzzkillrubber on Feb 16, 2012 10:23:46 GMT -5
Some of the new regulations that Obama's EPA has implemented effect the ethanol plants thus causing the price to go up.
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