Do you think this will lower the price of gas?
 

The long awaited survey of arctic oil and natural gas reserves was released today. Here's the link to the U.S.G.S. news release with a link to even more details.
http://www.usgs.gov/newsroom/article...;from=rss_home

Re: Do you think this will lower the price of gas?
 

John...........Didn't you see where our "Elected" Officials said that Drilling for more Oil won't make any Difference LOL.............Seems like the "Only" Place where the Laws of "Supply" and "Demand" doesn't seem to make any difference is with them........But.....Again.......They are much "Smarter" than we are.......Aren't they????

Ken

Re: Do you think this will lower the price of gas?
 

Ever notice when the price of gas goes up overnight on the world market,we see an immediate increase at the pump the next day..But when the price of gas goes down overnight,they say we won't begin to feel that decrease at the pump for months.. http://forums.serverbeach.com/images...mashfreakB.gif

Re: Do you think this will lower the price of gas?
 

Saw an article online today (analyst prediciton stuff) that said that gas could be down to $3.50 by labor day.

Found it: http://cbs2chicago.com/local/gas.pri....2.778351.html

I'll believe it when I see it, of course.

Re: Do you think this will lower the price of gas?
 

Me too, 427,....out here in the people's republic of California, with boutique blends of gasoline designed to meet different emission standards for different parts of the state, I'd be happy with $4/gallon by Labor Day.

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Me too, 427,....out here in the people's republic of California, with boutique blends of gasoline designed to meet different emission standards for different parts of the state, I'd be happy with $4/gallon by Labor Day.

[/ QUOTE ]

Wow, I don't feel too bad if someone is hoping for $4.00 by Labor Day. I just saw $3.98 a gallon today. https://www.yenko.net/ubbthreads/imag...s/headbang.gif https://www.yenko.net/ubbthreads/imag...s/headbang.gif https://www.yenko.net/ubbthreads/imag...s/headbang.gif

Re: Do you think this will lower the price of gas?
 

Until the oil companies decide to replace imported oil with domestic oil this won't make much difference.
Domestic crude oil production has been cut in half since 1970 and has been replaced by imported oil. I suspect until the last couple of years, it was cheaper to buy foreign oil instead pumping it out of US soil...

If you want to get educated in oil production, refinement, importation, capacity, history etc. go here, it's very informative:
Energy Information Administration

Mike

Re: Do you think this will lower the price of gas?
 

Retailers really don't make much on a gallon of gas, that's why they hold the prices when fuel goes down and increase them immediately when the price goes up. An independent retailer may make ten cents per gallon, when a credit card company charges them 3% of the cost of a gallon of fuel they cut into that margin by about 100%. Retail fuel sales is a tough business, they need to have you buy all the inside the store items to make it because they don't make much on the fuel.

Re: Do you think this will lower the price of gas?
 

Watch this!!http://youtube.com/watch?v=UOpcPfAarjY

Re: Do you think this will lower the price of gas?
 

Somebody make above clickable?

Re: Do you think this will lower the price of gas?
 

http://youtube.com/watch?v=UOpcPfAarjY

Mike

Re: Do you think this will lower the price of gas?
 

Thanks Mike. Interesting tape

Re: Do you think this will lower the price of gas?
 

Yeah...we'll pump domestic oil, but us business savvy Americans will sell it on the open market to the highest bidder instead of keeping for ourselves...

Re: Do you think this will lower the price of gas?
 

Yep, and if we got serious about domestic drilling, doing so would piss-off the Arabs and we can't have that! There's a very good reason why our president eagerly holds hands with the Saudi oil sheiks when he goes over for a visit. They have the cheapest available oil and we need it BAD. Domestic drilling will happen only when OPEC oil hits $200--no, $300 a barrell AT LEAST. Wonder why oil has been dropping in price? Maybe because the Saudis saw Americans conserving/using less gas and screaming for domestic drilling. The OPEC boys got together (yes, they collude in secret) to stop all this talk about conservation and alternative sources of oil. Price creeps down and crisis (for Saudis and OPEC) subsides. Whew, Allah be praised!

Okay, okay, I'll stop now!

Re: Do you think this will lower the price of gas?
 

Don't blame this President. The Sudi deal was cut 50 years ago not to peek over the fence at each other. I think Roosevelt started it. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: Do you think this will lower the price of gas?
 

Your congress & senate our the ones SCREWING us. Vote them OUT.

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Your congress & senate our the ones SCREWING us. Vote them OUT.

[/ QUOTE ]

https://www.yenko.net/ubbthreads/imag...ins/stupid.gif

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Your congress & senate our the ones SCREWING us. Vote them OUT.

[/ QUOTE ]

How is that? https://www.yenko.net/ubbthreads/imag...s/confused.gif

Re: Do you think this will lower the price of gas?
 

That's just Kim being Kim. We still love him anyway.

Re: Do you think this will lower the price of gas?
 

poke HERE!

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
[ QUOTE ]
Your congress & senate our the ones SCREWING us. Vote them OUT.

[/ QUOTE ]

How is that? https://www.yenko.net/ubbthreads/imag...s/confused.gif

[/ QUOTE ]

Congress is preventing any serious domestic exploration which could lead to increased availability of oil. They claim it will take ten years to get it out so it's not a solution. Guess what? If we had started ten years ago we would have a very different situation today.

And don't get me started on ANWR. The environmental activists have effectively brainwashed Congress (and most of the media) on this one...

Re: Do you think this will lower the price of gas?
 

Congress & Senate passed a law we can't drill for oil anymore. That's SCREWING us. https://www.yenko.net/ubbthreads/images/graemlins/bs.gif

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Congress & Senate passed a law we can't drill for oil anymore. That's SCREWING us. https://www.yenko.net/ubbthreads/images/graemlins/bs.gif

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In 1990, an executive order was signed by the president that banned offshore drilling. The president is not part of the legislative branch, is he?

Drilling is not the solution. Long-term energy policy is; drilling is mutually exclusive. To panic in lean times and make demands that won't pay off for a few years is not the way we need to behave as a country. The world is much more competitive than it was before, so what can we do for ourselves to come out ahead instead of using short-sighted solutions?

Certainly your view is not unique in Internet-land, but just because many people are saying the same thing doesn't mean it's what should be.

Re: Do you think this will lower the price of gas?
 

IMO, I'm not convinced it's because they (oil companies) can't drill, it's that they didn't want to. Again, it was easier/cheaper for them to buy foreign oil and refine than to explore for new reserves.
It has been reported that it costs the oil companies about $60 per barrel for US oil and up until a year or so ago, foreign oil was less than that.

Now that oil is $1xx a barrel, it's now more lucrative to explore and refine US reserves. We'll see what happens...

Mike

Re: Do you think this will lower the price of gas?
 

The large 4WD SUV persona is what really amazes me today.
Every dealer lot around here is filled with them,even with 1/2 off sticker and looking to go the way of the DoDo.
Once part of every familes DNA for the last 15 years.So much so that the Govt.threatened to step in & pull the reins back on SUV production in the mid 1990's,wanting automakers to offer more of a balance of fuel efficient vehicles in each of their line ups.
The automakers lobbied hard against that and won,basically telling the Govt. this is America so mind their own business and let the American consumer tell them what to do.
Well we have & literally overnight,with SUV sales/production at an all time low and factories retooling as I type.
I swear I saw the salesman who sold me mine flipping burgers yesterday.

Re: Do you think this will lower the price of gas?
 

Once there were wagons. Then there were minivans. Then there were SUVs. Then they started having SUVs based on car platforms. And now these crossovers are evolving even more.

I still lament the loss of station wagons in our culture, but while it's true Detroit built what the market demanded, a great number of consumers wanted utility and Detroit gave them SUVs due to their profit margins. Detroit has no one to blame but themselves for their short-sightedness, but it isn't like there hasn't been any precedent.

Re: Do you think this will lower the price of gas?
 

"In 1990, an executive order was signed by the president that banned offshore drilling. The president is not part of the legislative branch, is he?

Drilling is not the solution. Long-term energy policy is; "

President lifted the drilling ban, but it has no meaning because of the Congressional ban. It did however wake up the oil suppliers of the world because gas prices immediately started going down after the ban lift. Apparently they are afraid of us drilling for oil here- so I'm for it.

Drilling is a very important part of what our energy policy should be.
Conserve, drill in the US, Nuclear power, Coal and alternative energy. I didn't fill my truck up with alternative energy today- it uses gas like everyone elses vehicle. Windmills, solar panels and french fry grease are great unless you want to get to work tomorrow.

Re: Do you think this will lower the price of gas?
 

"It did however wake up the oil suppliers of the world because gas prices immediately started going down after the ban lift. Apparently they are afraid of us drilling for oil here- so I'm for it."

I was surpised by that too and agree,they must see us as a much bigger threat then even we thought we were.

Re: Do you think this will lower the price of gas?
 

Who was the dude who put the ban on offshore drilling anyways? https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif

It seems like all the other countries in the world can drill off of our shores...just not us... https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Do you think this will lower the price of gas?
 

The ban has been enforce 27 years. I don't who started but your speaker of the house & head leader our for it. Nancy Pelose & "good old boy" Harry Reid.

Re: Do you think this will lower the price of gas?
 

Like I said VOTE them all out!! https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: Do you think this will lower the price of gas?
 

I'll say it again:

[ QUOTE ]
if we got serious about domestic drilling, doing so would piss-off the Arabs and we can't have that!
They have the cheapest available oil and we need it BAD. Domestic drilling will happen only when OPEC oil hits $200--no, $300 a barrell AT LEAST. Wonder why oil has been dropping in price? Maybe because the Saudis saw Americans conserving/using less gas and screaming for domestic drilling. The OPEC boys got together (yes, they collude in secret) to stop all this talk about conservation and alternative sources of oil. Price creeps down and crisis (for Saudis and OPEC) subsides.

[/ QUOTE ]

The business of America is BUSINESS and business LOVES cheap (see: outsourcing). Arab-OPEC oil is the CHEAPEST available so it will remain our major source until it becomes CHEAPER to drill here and in Alaska. Believe me, all those anti-drilling politicians will come right around when OPEC oil hits 300/bbl because voters will march to D.C with torches to demand domestic drilling or we'll burn the place down.

The current worldwide system of oil extraction, refining, and distributiuon will remain in place until it is no longer cost-effective. When that day comes, and it surely will someday, opposition to domestic U.S. drilling will crumble and the wells will go in, yes, even in ANWR.

Kim's right, but I'll add that ALL Washington politicians are corrupted by the very wealthy and very powerful corporate lobbies that control the government. Only a precious few of them are not 100% compromised by the cancerous corruption that keeps the status quo in place. If we were to vote them out we'd only get a whole new crop of ready-to-be-corrupted (and made rich) eager beavers in their place.

Okay, okay, I'll stop now!!!

Kim: https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: Do you think this will lower the price of gas?
 

Kim , They can't be any worse than what we have in there now. https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Bill

Re: Do you think this will lower the price of gas?
 

I pray that we drill and stop sending billions of dollars to other countries that use our money to invest in their military, and drilling will add hundreds of thousands of US JOBS, the speaker of the house refused to put the subject to discussion today.............NICE

Re: Do you think this will lower the price of gas?
 

I have called Pelosi (202-225-0100) repeatedly and asked her to AT LEAST let there be a discussion and vote on domestic drilling. Looks like all that has accomplished is raise my phone bill. That woman is a horrible person.

Re: Do you think this will lower the price of gas?
 

try this one.....very interesting

http://video.google.com.au/videoplay...74697167011147

Re: Do you think this will lower the price of gas?
 

According to Harry Reid.........."Oil is No Good.....Because it makes us Sick"..........This Guy has a Bag of Rocks for a Brain.....

This is what we have in Washington.........Wonder why their approval Rating is at 9%........Sheesh......

https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Do you think this will lower the price of gas?
 

My grand son has more common sense than our current congress!! https://www.yenko.net/ubbthreads/imag...ns/shocked.gif

Re: Do you think this will lower the price of gas?
 

You're underestimating your Grandson.

Re: Do you think this will lower the price of gas?
 

https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif