The truth behind those $#@*!# gas prices

[MDimitri]

Found this on MSN and found it an interesting read, thought you guy's might like to read it. End of the day it all boils down to the environmentalists blocking the new development and construction of some much needed refineries. According to the article current US production of Gasoline per day is 17million barrels, current daily demand is 22million, therefore, the US needs to import 5 million barrels a day just to sustain itself, now throw in a harsh winter or severe tropical storm this quickly damages the supply ratio causing the US to purchase more in order to compensate for the difference. Since the US cannot produce any more internally it has to go externally to purchase it's requirments and help replenish what was lost or used up. This leaves them wide open to global oil pricing predominately controlled by the Saudi's and since they will sell their oil only to the highest bidder (changes daily) that leaves everyone out in the dark when it comes to pricing. How do we stop this? Build four to five new refineries that can stabalize the demand and prices, buy more oil from Canada and stabalize the North American gas prices. Domestic made gas is way cheaper to produce because it does not have to travel so far in order to get to it's final destination. Oil companies break even when the price per barrel is around $20-$25US/Barrel, if we could get the price per barrel down to the $40-$50 mark we would be laughing.


Those $#@*!# gas prices

Cheers!

[lonePalm]

[Agriv8r]

interesting reading....thanks...

[IRA51]

Like the song says "YOU AIN'T SEEN NOTHING YET"
That's all well and good but,the oil company's have made more profit in the last 3 years than at any other time in history . anyone care to adress that ? we are getting screwed and they are getting rich .

[Ed G.]

With a government that is as straight-up CORRUPT as ours, we can expect it to get worse. How much worse? It's up to our government ,meaning we're screwed!

[MDimitri]

Originally Posted by IRA51

Like the song says "YOU AIN'T SEEN NOTHING YET"
That's all well and good but,the oil company's have made more profit in the last 3 years than at any other time in history . anyone care to adress that ? we are getting screwed and they are getting rich .

I absolutely 100% Draw back is that it has not been going on for just three years, it's been going on for a hell of alot longer than that...domestic produced gas or oil products costs no more than $20.00US/barrel to produce, and even at this price oil companies make a crap load of cash! If based on 17 million barrels a day being produced that would be an average daily haul of $340million dollars a day! When the world price of crude is $66.00US/barrel (I Believe that is todays current price), if we just compare the difference, that would equate to $782Million dollars/day!!! But how would we implement a two tier gas price system? one for domestic and one for imported? Impossible it will never happen...answer is reduce offshore dependancy for fuel, especially flaky unstable countries such as Nigeria, Venezuela, and especially the middle east! Get the troops home and let them (People in mideast countries) take care of thier own flippin problems out there. Stop being the worlds police force!! Especially if your military presence is unappreciated! My favorite statement is "RULES OF WAR" who TF came up with that????In order to have rules you need to ensure all parties will accept them, it's fundamentally flippin useless if your side is the only one observing them!! Severe Problem's coming from a village or city? LEVEL IT!!! ASK QUESTIONS LATER!! Don't give people time to escape...sorry but this is how war's should be delt with, like the Romans use to say "UNLEASH THE DOGS OF WAR"... all gloves off...army with the best toy's wins!!

Yea yea I know, I digressed a little bit!

Cheers!

[IRA51]

We no longer know how to fight a war .we are at a time and place in our history that will determine our survival .we need to grab our nuts and do what is needed to ensure that we remain the greatest,most powerful nation on the planet .

[HummBob]

Okay....But then explain why US IN CANADA pay more than the US??

[Agriv8r]

cause...

[RazM]

Originally Posted by HummBob

Okay....But then explain why US IN CANADA pay more than the US??

Because we're suckers?

The Canadian dollar is soon to be level with the US dollar, yet we're still paying through our noses for EVERYTHING, as if the exchange rate were from 3 years ago. Do you see anybody complaining? Nope. We're Canadians, we're polite...