Gas Crunch just beginning?

[PotshotPolka]

I'm not going to bother citing any information because each article conflicts with the next, but what do you think, are we going to driving SUVs at $10.00 two years from now or getting Road Warrior on each other's asses?
I've had to do several reports, and most research states that oil production is at its peak this year, and will only go down, and will do so as demand from new sources (India/China) soar.
A 10-15% drop in oil inports to America is estimated to cripple our economic "backbone", causing disruptions in communication, trade, and even gasoline and food, which could lead to political instability, riots, anarchy etc.



Sigh, I might not be getting that damn 73' Maverick now .

[Captain Colon]

I've had to do several reports, and most research states that oil production is at its peak this year, and will only go down, and will do so as demand from new sources (India/China) soar.

Everything I've heard says that overall demand actually isn't increasing that rapidly; it's just that supply isn't increasing as much as expected and that's what's going to cause problems. Demand in the east is particularly high for diesel though, especially in China after the earthquake; supposedly they're having some electricity issues.


I don't even pay attention to it anymore because nobody agrees and it's to the point where it's impossible to seperate the facts from the fearmongering bullshit. I read one article where they interviewed some prominent oil market analyst and he basically said "yeah I think the prices are gonna skyrocket in the next decade...but you really can't predict a market like this, it's just not possible, there's always room for something unexpected to happen. But yeah gas prices are definitely going to keep going up probably to $10 a gallon by 2020."

[Itch]

It is hard to separate fact from B.S. when it comes to something covered by the media.

I've heard all kinds of theories on what the problem is.. If there is such a huge problem and a real need for the price increase... Why are the Oil Companies all reporting record profits?

I've also heard the following.. although I have no idea if there is truth to it or not... That the U.S. currently has enough oil drilling to cover it's needs but due to Environmental restrictions isn't able to refine enough... Not sure if that's got any truth to it.. but it would be interesting to know..

I'm anxiously waiting for the new Hybrid Deisel VW that's supposed to get 80 MPG so that I can get rid of my gas guzzling commuter car (35-40 MPG Kia Rio)

[Captain Colon]

I've also heard the following.. although I have no idea if there is truth to it or not... That the U.S. currently has enough oil drilling to cover it's needs but due to Environmental restrictions isn't able to refine enough... Not sure if that's got any truth to it.. but it would be interesting to know..

Refining capacity is an issue but I don't think it has anything to do with environmental issues. The only environmental issues I've heard of are the ones about drilling in protected wildlife areas, and if you look at it realistically it's a non-issue; for example the Alaskan reserve most frequently mentioned has enough oil to meet around a day of US demand, and it would take years and billions of dollars to fully exploit. How is that going to help the situation at all?

Since 2003, crude has gone up in price about 500%, gas has gone up about 100%, so I don't understand what people are complaining about. Buncha fat sissy crybabies if you ask me.

[SpikedRocker]

Refining capacity is an issue but I don't think it has anything to do with environmental issues. The only environmental issues I've heard of are the ones about drilling in protected wildlife areas, and if you look at it realistically it's a non-issue; for example the Alaskan reserve most frequently mentioned has enough oil to meet around a day of US demand, and it would take years and billions of dollars to fully exploit. How is that going to help the situation at all?

From what I've heard some of the refinaries need air quality upgrades.

We are running a story today where people are finally staying home instead of traveling. Most research done has shown 3 bucks wasn't enough but 4 is. Even Exxon's CEO said on the Today Show that he thinks people are actively thinking about gas and its prices. Its effecting peoples choices in driving. I know for me. I am second guessing my visits home and even going out for the evening. Hopefully after this holiday, the prices will platau and maybe drop back a bit before the end of summer.

[LegalSmash]

Im not as worried about the gas crunch as about the OMFGZ what are we gonna do, no more Gas evaAr problem.

We really need to invest in building infrastructure to an alternate fuel source, be it either nuke, elec, or SOMETHING that can be sustainable and non-other-country-dependent. I think that we WILL eventually go all mad max if we run out of oil/petroleum/gas, and have nothing as a reliable,

( I know I'll get shoes thrown at me for that one).

I also think that the alleged "crises" can also be slightly fixed by making more fuel efficient vehicles. There is NO reason why a car cannot be engineered to get 100-200 mpg on highway or at least a minimum of 80. The car manufacturers do not have the push from the consumer, however, and this is part of the problem to us. Rather than telling me "2.99 a gallon" for a lease period, give me a car that gets 80-100 MPG in idea conditions and I'll pay the 4 a gallon we are breaking now.

This is part of the reason that I really could not give a shit less for ANY of the candidates, none are adressing the issue of infrastructure and i guess id say "weaning" off the petroleum tit. Gas prices are subject to more than just a soccer mom's desire to cart around her crotch droppings in an SUV, and these guys arent acknowledging that.

[Red Tampon]

and it would take years and billions of dollars to fully exploit. How is that going to help the situation at all?

This is what they say EVERY decade.

If we had gotten off our asses in the 70's, 80's, 90's and beginning of this decade and actually fucking done it, then we would have some/ a lot of that oil by now.

Saying "It won't help now" Over and over and over and over is fucking ridiculous and infuriating and has increased the supply shortage we have now. How much fucking higher does the price have to go before people stop with the rote "it wont help now"? It's called PLANNING FOR THE FUTURE asshats.

I agree we should be looking for alternatives etc, but at the same time why the fuck not tap the resources we are sitting on while Cuba and China drill off our coast without hesitation.

And as for the "environmental" factors, blow it out your ass, it's minimal and wildlife is doing just fucking dandy.

I don't want to hear Chuck Schumer saying "Drilling for 1 million barrels of oil in ANWAR will only lower gas a penny a gallon" then a few weeks later when grilling the oil bosses saying "If we could get Saudi Arabia to pump out 1 million barrels more a day it would lower gas 60 cents a gallon".

So getting oil domestically only lowers it a cent while foreign oil lowers in 60 cents? Please, go fuck yourself with your environmental bullshit, the only "solutions" they have are to increase taxes on oil/oil companies who will pass those wonderful taxes on to us, restrict oil exploration/restrict supply and grilling oil execs pointlessly purely for political gain in front of the drone media. All of which does FUCKLE to help ANYTHING.

Fuck environmentalists and the fucking flock of Politicians and Media that pander to them and put us in our current situations and point the finger and everyone BUT themselves where it belongs. Twats.

I don't want to hear a single more whine about gas prices from libs who hinder our very ability to become more energy independent.

More nuke plants, nope, more oil, nope, more coal, nope, more wind turbines, okay, but not where I live, they're too ugly (Read: Ted Kennedy).


edit: Oh and Alfred, there are cars that get 50+ miles a gallon out already in Europe, but they run on DIESEL, GASP, the evil dirty fuel /sarc. Catalytic converters and filters allow diesel cars to run cleanly, but thanks to the Environmental lobby (THANKS AGAIN ASSHATS), the sale of Diesel cars is pathetic and the supply of Diesel fuel is also pathetic.

When I was in Spain we rented a Diesel Peugeot and drive round trip to Portugal and back on mountainous terrain with four of us in the car on ONE tank, at the end we had over a 1/4 tank left. But nope, can't get that car here, it's too "Dirty". But using twice as much "clean" gas for the same distance isn't apparently. Go figure.

[Edo]

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.


The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.




from:http://www.nextenergynews.com/news1/...news2.13s.html

[Red Tampon]

^ Good find.

But is it environmentally friendly?????????????????????????????????????????? ?????

[Itch]

^ Good find.

But is it environmentally friendly?????????????????????????????????????????? ?????

You can use the Environment as an argument against anything.. They are now saying that the disposal of the batteries in Hybrid cars is far worse on the environment than the pollution would have been from the higher fuel consumption.. and that the low wattage florescent light bulbs are also worse on the environment than a conventional bulb.. so you're damned if you do.. and you're damned if you don't..

I use mass transit as much as possible.. but I'm sure some would argue that the diesel electric hybrid train is bad for the environment as well.

Fuck em!