Gas and Diesel Prices Need to be Regualted

[Tom N]

Stopping no down payment home loans, with marginal credit, would be a good place to start. I guess you could call it being upside down the same as some RV owners.

-Tom

[Hillbilly2]

Everybody keeps blaming the oil companies, but our "Friends" the Saudies refuse to increase production keeping prices high. The oil companies are just willing accomplices, because it helps their bottom line. We are far too reliant on foreign oil. We needed to be drilling in Anwar and off the coast of Florida years ago. Castro has no problem drilling there, as he can tell the radical enviromentalist to take a flying leap.

[Spikester]

We are quick to jump on the oil company band wagon which points the finger saying they are manipulating the price of our gas and/or diesel. I wonder how many of those that do jump on that band wagon have portfolio's/IRA's that are invested in the oil companies that we love to bash. Lets see if you own the company stocks then you are bad mouthing yourself aren't you?

When I went to school the economics classes I attended basically stated that our economy is driven by supply and demand. In the case of the price of our gas/diesel isn't driven by supply of the commodity not the supplies of oil. Our refineries are running at max capacity all over the US, the only way to increase our supplies is to import GAS/DIESEL which effects our GNP, therefore the value of our $$. What we need in this country is more refining capacity. How soon we forget the near past. Several years ago after having a bad hurricane season, which knocked out domestic oil production in the gulf, the Government released some of the National Oil Reserves for refining. Did it do any good! No because the oil companies couldn't refine the oil fast enough to meet the demand. Almost all the cures to high fuel prices will take forever to have an impact.

One of the actions the Government needs to take is be pretty simple to me, allow oil companies to build refineries on the 100,000's of acres of Federal Land that is not doing much for the average American taxpayer except draining our pocketbooks. This would alleviate the NIMBY (Not In My Back Yard) crowd from the equation, make licensing a little easier, and to some extent keep the environmental crowd at bay. This would effect the supply part. Only we the consumer can effect the demand part.
You want to drive the price of oil down, I wonder how many barrels of oil a day are burnt firing electrical generation plants. Maybe we should think about getting rid of them, oh that's right we are afraid to use Nuclear Energy to generate electricity, again NIMBY's rear their ugly head, Solar Farms, Wind Generation oh that's right NIMBY. We protest high fuel prices but would not stand for a Nuclear Power Plant being built in our area, or driving down the road seeing hundreds of Wind Turbines, or hundreds of acres of land devoted to a solar farm next door.

Maybe we have become to used to having our cake and eating the most of it ourselves. Sometimes I wonder who really is to blame?

Spike

[Hillbilly2]

[Tom N]

Recently I saw a PBS documentary on oil. Mentioned was the fact that in less than 20 years China will have more vehicles on the road than the USA.

When oil approaches $200 a barrel other alternatives, such as electric and hydrogen will be a bargain. Not to mention the huge environmental problem of fossil fuels. And the oil producing countries will drop down a few levels. As the old saying goes, what goes around, comes around.

-Tom

[FrontRangeRVer]

Thats all we need...liberals to "regulate" something like energy.

Mark (Energy Trader)

[Park]

To think all this time for my wife and I to work up to a class A. I knew I should have kept the tents.

[cb5300]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Spikester:
We are quick to jump on the oil company band wagon which points the finger saying they are manipulating the price of our gas and/or diesel. I wonder how many of those that do jump on that band wagon have portfolio's/IRA's that are invested in the oil companies that we love to bash. Lets see if you own the company stocks then you are bad mouthing yourself aren't you?

When I went to school the economics classes I attended basically stated that our economy is driven by supply and demand. In the case of the price of our gas/diesel isn't driven by supply of the commodity not the supplies of oil. Our refineries are running at max capacity all over the US, the only way to increase our supplies is to import GAS/DIESEL which effects our GNP, therefore the value of our $$. What we need in this country is more refining capacity. How soon we forget the near past. Several years ago after having a bad hurricane season, which knocked out domestic oil production in the gulf, the Government released some of the National Oil Reserves for refining. Did it do any good! No because the oil companies couldn't refine the oil fast enough to meet the demand. Almost all the cures to high fuel prices will take forever to have an impact.

One of the actions the Government needs to take is be pretty simple to me, allow oil companies to build refineries on the 100,000's of acres of Federal Land that is not doing much for the average American taxpayer except draining our pocketbooks. This would alleviate the NIMBY (Not In My Back Yard) crowd from the equation, make licensing a little easier, and to some extent keep the environmental crowd at bay. This would effect the supply part. Only we the consumer can effect the demand part.
You want to drive the price of oil down, I wonder how many barrels of oil a day are burnt firing electrical generation plants. Maybe we should think about getting rid of them, oh that's right we are afraid to use Nuclear Energy to generate electricity, again NIMBY's rear their ugly head, Solar Farms, Wind Generation oh that's right NIMBY. We protest high fuel prices but would not stand for a Nuclear Power Plant being built in our area, or driving down the road seeing hundreds of Wind Turbines, or hundreds of acres of land devoted to a solar farm next door.

Maybe we have become to used to having our cake and eating the most of it ourselves. Sometimes I wonder who really is to blame?

Spike </div></BLOCKQUOTE>

From everything I have researched oil companies have CUT their refineries back, taking them off line, or selling their interest off to foreign interest...There is no lack of oil, there is plenty out on the open market, however between the oil companies controlling the supply and the commodities market brokers running up the price the American public is getting raped like a grape ape. If you don't think the oil companies right doing everything in their power to keep the price of gas high then I've got some swamp land I'll sell you. Just last month the oil companies were reported as shipping our surplus gas overseas to a country that was running low... A surplus that would help hold our gas prices down..gone...then we have price jumps of .35 gal or more...Come on people pressure your congressman to vote to some type of controls on big oil, treat them to a dose of "Ma Bell"... Break up the big companies and lets get some competition going again, that's the only way gas prices will start to come down.

[Hillbilly2]

If we could breakup OPEC, that would help too.

[diandtom]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by FrontRangeRVer:
Thats all we need...liberals to "regulate" something like energy.

Mark (Energy Trader) </div></BLOCKQUOTE>
Well that is what is controlling the Senate and Congress now and come next November we are going to have a liberal President
Tom

[Tom N]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by diandtom:
Well that is what is controlling the Senate and Congress now and come next November we are going to have a liberal President
Tom </div></BLOCKQUOTE>

Get ready for an income tax increase. It's coming. The capital gain tax is definitely increasing! This will hurt us retirees.

-Tom

[Scott Fleming]

While I do believe the Oil Companies have engineered this whole debacle (diesel now 4.40 here) you can thank the 'other' party for allowing them to do so. Or should I say enabling them to do so by limiting supply (we need to drill drill drill) and fail to build refineries ( NIMBY NIMBY NIMBY ) OR build nike plants.

But then McQueeg stands up there and sounds just like Shrillery on the subject so its no longer them and us. Washington is the home of elitist snobs who have decided they need to run our lives and get rich doing it.

Letting these drones regulate ANYTHING will only make life worse. Maybe DC could be wiped out by a giant tidal wave or something and we could start over. Only chance we might save this land.

The market works. But we have regulated the market into a dysfunctional retarded crippled caricature of its once wealth building prosperity creating self.

[Scott Fleming]

nuke plant ...


not nike plant

[Bald Eagle]

Getting back to the original poster's question: Gas and Diesel Prices Need to be Regulated.

I say NO! A thousand times NO!

Everything our government does is usually either wrong or corrupt in some way.

I say "Keep the government out of our lives as much as possible!"