Government Forcing Gas Prices Up So We Go Green?

[338Shooter]

I have a green pickup truck.

 

[Perrone]

I have a green pickup truck.

 

[dennishoddy]

Electric cars are powered by coal.
Coal fired power plants being the #1 producer of electric energy in this country. When you charge your "green car" you are doing it with coal.

 

[Perrone]

Electric cars are powered by coal.
Coal fired power plants being the #1 producer of electric energy in this country. When you charge your "green car" you are doing it with coal.

I don't really know much about green cars, but isn't that still better than our gas and diesel powered vehicles? If not, please explain.

 

[Shadowrider]

....snipped
The U. S. Geological Service issued a report in April 2008 that only
Scientists and oil men knew what was coming, but man was it big. It
Was a revised report (hadn't been updated since 1995) on how much oil
Was in this area of the western 2/3 of North Dakota, western South
Dakota, and extreme eastern Montana ..... Check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's
Prudhoe Bay , and has the potential to eliminate all American
Dependence on foreign oil. The Energy Information Administration (EIA)
Estimates it at 503 billion barrels. Even if just 10% of the oil is
Recoverable... At $107 a barrel, we're looking at a resource base worth
More than $5.3 trillion.

"This sizable find is now the highest-producing onshore oil field found
In the past 56 years," reportsThe Pittsburgh Post Gazette. It's a
Formation known as the Williston Basin , but is more commonly referred
To as the 'Bakken.' It stretches from Northern Montana , through North
Dakota and into Canada . For years, U. S. Oil exploration has been
Considered a dead end. Even the 'Big Oil' companies gave up searching
For major oil wells decades ago. However, a recent technological
Breakthrough has opened up the Bakken's massive reserves..... And we
Now have access of up to 500 billion barrels. And because this is
Light, sweet oil, those billions of barrels will cost Americans just
$16 PER BARREL!

U. S. Oil Discovery- Largest Reserve in the World

Stansberry Report Online - 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the
Largest untapped oil reserve in the world. It is more than 2 TRILLION
Barrels. On August 8, 2005 President Bush mandated its extraction. In
Three and a half years of high oil prices none has been extracted. With
This motherload of oil why are we still fighting over off-shore
Drilling?

They reported this stunning news: We have more oil inside our borders,
Than all the other proven reserves on earth.. Here are the official
Estimates:

- 8-times as much oil as Saudi Arabia

- 18-times as much oil as Iraq

- 21-times as much oil as Kuwait

- 22-times as much oil as Iran

- 500-times as much oil as Yemen

- and it's all right here in the Western United States .

HOW can this BE? HOW can we NOT BE extracting this? Because the
Environmentalists and others have blocked all efforts to help America
Become independent of foreign oil! Again, we are letting a small group
Of people dictate our lives and our economy.....WHY?

There is some truth to this. This is the area I'm working and we have others in the Rockies. The competition is fierce! And that usually means something in the oil business. Just sayin...

I don't really know much about green cars, but isn't that still better than our gas and diesel powered vehicles? If not, please explain.

No, they are not better. One example: It takes more energy just to produce a hybrid than will ever be saved in fuel costs. Electric? See Dennis Shoddy's post again. Why do you think hybrids cost so much? If you took out all the .gov subsidies the sticker would give you a coronary.

Europe has the better idea. Diesel. Get rid of the EPA mandated emission controls and they will get 50% better fuel mileage than the same displacement gasoline engine, and possibly more with all the new injection and computer systems we have now. If you cut the amount of fuel burned by that much, how are emissions more than gas?

Our .gov isn't serious about ending our dependence on oil. However, they are serious about having control over every aspect of our lives. People better wake the hell up.

 

[Perrone]

No, they are not better. One example: It takes more energy just to produce a hybrid than will ever be saved in fuel costs. Electric? See Dennis Shoddy's post again. Why do you think hybrids cost so much? If you took out all the .gov subsidies the sticker would give you a coronary.

Europe has the better idea. Diesel. Get rid of the EPA mandated emission controls and they will get 50% better fuel mileage than the same displacement gasoline engine, and possibly more with all the new injection and computer systems we have now. If you cut the amount of fuel burned by that much, how are emissions more than gas?

Our .gov isn't serious about ending our dependence on oil. However, they are serious about having control over every aspect of our lives. People better wake the hell up.

Thanks for explaining. I wish I still had my diesel VW. I would like to have another one some day. Those suckers do get some great mileage.

 

[Werewolf]

Speculation has been around for awhile. Oil futures are traded no differently than cattle or grain. Why it is allowed is simple, there are huge profits to be made if you are smart enough (of course I am not smart enough)

Speculation is allowed because it creates liquidity in the commodity markets. Around 70% of all trading in the commodity markets is speculation. Without it the holders of contracts who actually want to take delivery of a commodity or who are the suppliers of a commodity would be trading in a non-liquid market place where if a contract needed to be modified, closed or traded it might take days or even never. The consequences of that considering the volume of real goods traded wouldn't be pretty.

Take the Securities and Derivatives course at OU to learn more.

 

[SMS]

What roadblocks? Either way, just curious how it's affected the refiners, drillers, oil service industry, etc? Because this is y'alls little secret. Currently, we reportedly have more surplus than any time in the Obama administration.

How about the lack of new offshore drilling permits since the BP spill? Can't say that isn't affecting the world supply AND speculation....and causing many drilling resources to be moved elsewhere.

 

[Nraman]

Obama made it perfectly clear, before the election, that he wanted to see higher gas prices....for the obvious reason of forcing 'alternatives'.

It is an openly admitted policy of the 'greens'. Why do people keep acting shocked?

You are right, that was the reason they were pushing the so called cap and trade (for the money also)

How about the lack of new offshore drilling permits since the BP spill? Can't say that isn't affecting the world supply AND speculation....and causing many drilling resources to be moved elsewhere.

Shell just gave up trying to get a permit in the arctic. Preventing domestic production is and has been the official policy for a long time.
If you wonder why, you might want to take a look towards the Middle East. Almost all of them have lobbies in DC and for a variety of reasons want us to be dependent in foreign oil, even though most of our imports come from Venezuela and Canada.
The Green River Basin has 2-3 trillion barrels. More in the Gulf, Alaska, everywhere. In every case, there is a "good" reason why we must not produce that oil.
While we find many reasons to prevent production, every other country in the world is doing their best to produce. We need to do some thinking here. IMHO the environmentalists are nothing but "useful idiots" in a bigger game.

 

[barratt]

With that said, it's all manipulation. All of it. Even the supposed events that are contributing to the rise in oil prices.

You can have your republicans and you can have your democrats. It doesn't matter which party is in office, the ship will continue to sink.

But that's just my opinion.

Agree