Date: Fri, 4 Mar 2005 19:11:44 -0500
Reply-To: "Daniel L. Katz" <katzd54@YAHOO.COM>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: "Daniel L. Katz" <katzd54@YAHOO.COM>
Subject: Re: gas prices going up.....more...
john:
surely you jest!
petroleum is produced and consumed as fast as possible. that is the way
the world works. wells being capped while oil companies wait years for
prices to rise is a myth. dry wells and wells in fields proven too small
to be worth building pipelines and other infrastructure (to get the oil
out) are examples of vaild reasons wells are capped. an oil company could
not attract shareholders if it spent millions drilling a well and then
received no return on investment - it would be much wiser just investing
the milions in something else - especially given the possibility that a
potentially producing well might not produce if left idle for too long.
no, the truth is that the price increases are real, while the conspiracy
is not.
dan
On Fri, 4 Mar 2005 16:04:45 -0600, John Rodgers <inua@CHARTER.NET> wrote:
>Now you know someone who limits driving because of the price of gas.
>
>I have a fixed income, and the gas thing is making me take a hit. I saw
>this coming some time ago, and rearranged my life because of it. I no
>longer make the long commute drive to work every day. I get up, walk 50
>feet to my home shop - from which I make my living, and work there all
>day. If I leave the premises more than twice a week I have had a busy
>week. This is now my "normal" routine. I may make a trip once in a
>while, and that increases my cost, but just for daily living, I'm very
>cognizant of this fuel price stuff.
>
>I think the oil shortage is hoakum - partly the consequence of extremely
>poor planning on the part of our government, partly because of
>contrived conditions on the part of industry, and partly because of
>stupidity of the public. We have allowed ourselves to get snared into
>this relation with foreign oil interests, haven't developed our own
>resources, haven't developed more fuel efficient technology, haven't
>developed conservative habits. We burn fuels like there is no tomorrow.
>There is plenty of oil. It has just been easier to purchase from the
>middle east than to develop our own resources, even when purchasing at a
>higher price. There is plenty of oil!! But our infrastructure won't
>handle the processing of more. Our refineries are limited. in their
>capacity to the point they can't meet production demands. So, marginal
>availability is the result, which drives up prices. Has every one
>running scared. Part of the oil scare right now is to try and drive
>through the development of ANWAR in Alaska. It is stupid! Alaska
>politicians are looking for another boondoggle circa 1970's. If you
>look around, the gulf of Mexico off the coast of Alabama has oil rig
>after oil rig after oil rig sitting out there with capped wells. They
>are simply not pumping. Same is true for Louisiana, Texas, Oklahoma, and
>parts of New Mexico, and I don't know where else. And then there are the
>shale oil fields that are in the western states, just waiting to be
>tapped. This oil thing is crazy. Add to that the fact that Alabama, and
>other Gulf coast states, as well as Alaska, have an absolutely untold
>amount of natural gas that could be tapped, liquified, and distributed,
>giving us a relatively contaminant free byproduct of combustion.
>
>The fuel thing is manipulated to get the most money out of all of us. I
>believe that. If you had a refinery sitting in an oil field, why would
>the gasoline produced there cost (sell) for as much as gas produced
>anywhere else. Fuel costs increase the further they are distributed from
>the cracking plant. But get this......Alaskans pay the same prices for
>gasoline as those in the Lower 48 States. And they have the Cook Inlet
>Oil Fields in their backyard, and a Tesoro Cracking Plant right there.
>The plant takes the oil from the oil field - the oil platforms being
>with in eyesight of the refinery , cracks it, sends it 100 miles through
>a pipeline to Anchorage where it is delivered to various Distribution
>companies,- Shell, Texaco, Mapco, to name a few - and it is all the
>same gasoline from one plant. And Alaskans are charged the same price as
>if they were "Outside" buying gas in California or some where. Why??
>Because of "Rules" that allow the manipulation of the prices.
>
>We Americans really can be stupid about things, sometimes.
>
>OK, Rant over, and the soap box is put away.
>
>Regards,
>
>John Rodgers
>88 GL DRiver
>
>
>
>Jonathan Farrugia wrote:
>
>>everyone likes to whine about the price of gas but i don't know anyone
>>that drives any less than they used to, at least not over the price of
>>gas. nor do people seem to be getting rid of their suv in favor of
>>something that make more sense.
>>
>>jonathan
>>
>>On Fri, 4 Mar 2005 JordanVw@AOL.COM wrote:
>>
>>
>>
>>>and you thought it was bad enough..
>>>last night i put $40 of gas in my car.. its just insane..
>>>chris
>>>-----
>>>from USA today:
>>>(March 4) Gasoline prices could rocket 24 cents a gallon the next few
days,
>>>as stations across the USA scramble to keep up with big jumps in the
prices of
>>>oil and wholesale gas, a veteran energy-price analyst forecast Thursday.
>>>
>>>"It's going to be brutal, horrendous," says Peter Beutel, president of
>>>energy-price tracker Cameron Hanover. He has followed energy markets
for nearly
>>>three decades.
>>>
>>>Thursday, light, sweet crude oil for April delivery traded as high as
$55.20
>>>a barrel in New York before closing at $53.57.
>>>
>>>A 24-cent jump in the price of gas would bump unleaded regular to a
>>>nationwide average of about $2.16 a gallon, blowing through last May's
record of about
>>>$2.06. It could go higher as increased warm-weather driving in another
two
>>>months pushes up demand, and therefore prices, forecasters say.
>>>
>>>Adjusted for inflation, gas would have to hit about $2.95 for a record.
>>>
>>>The price increase translates to "$90 million a day, every day that it
>>>remains in effect," which could be several months, Beutel says.
>>>
>>>
>>>
>>>
>>>
>>
>>
>>
>>
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