Gas & Diesel are going down! WOOT!

[DrakeMaiden]

I think drilling and even not drilling for environmental reasons have both become a moot point. JMO based upon the scale of human activities.

 

[gumpsgirl]

Quote:
You definitely are right there. We do need to drill in Alaska, but I don't see how that is ever going to happen. The thing that the environmentalists aren't understanding or even wanting to look at is that with the technology the way it is now, I really don't think that the drilling would disturb the environment as much as they think it will. Sure there will have to be roads put in, but I think this could all be done with a very minimal amount of impact on the animals and environment.

 

[Easter_pink_silkies]

about 3.74 at best here in northern va.

 

[denahli]

Quote:

Wow, everyone is entitled to their opinion. So here is mine:


LMAO @ decades.....come on is that a solution? And how much will it cost to repair the damage in the end? How many decades will our taxes be raised to fix that cluster-youknowwhat

Drilling domestically is not going to dramatically drop oil prices. Much of our current cost is domestic. You want to blame someone for our current crisis blame your politicians who are backed by these companies and LOVE the speculators who make the prices spriral sky high based on what? Oh yeah based on NOTHING, thats why they are speculators.

Demand is driven largely by the energy squandering of the United States and by the rapidly growing economies of China and India. These forces, along with investor speculation, will continue to drive prices up.

Drilling in Alaska won't change this equation.



Currently your pump price breaksdown like this:

Less than 50% is for the purchase of crude oil

shocking huh.

Domestic Refining is nearly a quarter of the cost and the other 25% is for marketing and taxes.

Even if the crude were domestic the cost per barrel would not vary by much, you would be talking about a savings of pennies.

Go ahead ruin ANWR, drill every corner of the earth, but until we find SUSTAINABLE energy sources it wont make much of a difference. Destroying the wildlife refuge is a bandaid at what cost?

Did you know that the vast majority of the first automobiles that were made ran on electricity. We have the technology to send rovers to mars yet can't improve on the modern transportation crisis...hmmmm

 

[PurpleChicken]

Diesel is still $4.69 here.


There are too many factors and variables that affect the cost of fuel. I do hope
that people understand that when Bush lifted the White House ban of offshore
drilling the price dropped $.20. Our congress just took 5 weeks off without a vote
on offshore drilling.

All our politicians need to do is get the ball rolling and the price will drop. Unfortunately
it looks like congress wants to keep it high so all the Bush haters can blame him.

The answer to this problem is do all we can. That includes drilling(increase supply),
conserving(decrease demand), and continue to develop good alternatives.

Historically the end of summer always decreases demand and therefore decreases
the price.

 

[MissPrissy]

We paid $3.53 in central Va.

Just 4 years ago gas was $1.23 a gallon

 

[Davaroo]

Quote:
I hate to rain on your parade, but dont get comfortable. The reasons for petroleums meteoric rise haven't gone away.
The good news is that oil accounts for less than 2% of industrial costs in this country. But we are using less because we can't afford to use more.

This is because other economic factors that go aginst you continue unabated.
The Euro and other solid currencies are turning down. Less demand for American goods, blah, blah, blah... That's bad.
The Russians are making OPEC look good. That's always bad.
Taxes will be rising next year. That's bad.
Consumer costs on every level rose last week, more than any other single week in 20 years. Thats bad.


At the risk of sounding harsh, I suggest you shore up against the onslaught to come. Call me a pessimist.

 

[DrakeMaiden]

Quote:
Agreed

 

[tygab]

I too don't feel terribly optimistic about transient decreases in price of oil/gas. Something like 4/5ths of new car purchases in China are to people who have never owned *any* car, new or used. It's hard to conceptually imagine that, but consider that there may only be 1 car per 80 people in China today and the scale of where this may lead is staggering. We here in the US simply don't get what the reality is of the economy in China, and what a country with 1.3 billion people who are beginning to get the means to live like Westerners could do to the planet.

I'm not blaming the Chinese, rather I blame Americans/Eurpeans for creating such a crappy non-sustainable image of the "good" life.

Good luck to us all. I think Davaroo and DrakeMaiden are on the right track...

 

[smom1976]

one thing that drilling on US soil will do ....


It will totally mess up the supply and demand that we have in place right now with forien oil they will have to lower their prices.

Then oil will drop..