Newt: 3 Ways To Lower The High Price Of Oil

By Tuesday June 24, 2008


 

July 4, Oil Independence Day. Sounds great. What year?

Thanks to my gorgeous friend Shirley



47 Comments
  1. Cinaedh says:
    6/25/2008 at 4:48 am

    This ‘debate’ is a lot of sound and fury, signifying nothing. I mean, how stupid are we?

    Anyone who believes Bush and Cheney aren’t going to do this little favor (Drill Here, Drill Now, Pay More!) for themselves and their friends and backers before the end of their term of office, please send me a hundred dollars in cash, for no reason at all.

    Reply
  2. QB says:
    6/25/2008 at 5:46 am

    It depends on how you define shortage of oil – that’s a phrase open to debate eh? Simply put, the increasing demand for carbon based energy (oil, gas, coal) is outstripping the increasing demand for it worldwide. Oil production has flattened out over the last decade due to flat and low prices – it is now increasing again. It takes 5-10 years for production to respond.

    As for dumping reserves on the market: the short term contracts would devalue, oil producing nations and companies would cut back production to compensate, and the market would fluctuate madly for a couple of months. By the end of the year oil would be $40 higher than it is now. Gingrich is one stupid socialist asshole down deep.

    Reply
  3. The Monster's Lawyer says:
    6/25/2008 at 5:48 am

    Our dependence on fossil fuels is the root problem. Exploiting our resources to obtain more will just prolong our dependency. I believe that everyone is now trying to shed themselves from the shackles by cutting back their personal usage and buying more efficient transportation. They are not doing this out of some global philosophy but because it is the most expedient solution to an immediate problem. But like true junkies acceptance of current situations will allow them to justify ever higher gas prices as long as they have the means to buy. And like true junkies will only seek to be ‘clean’ when a) forced to by intervention or b) cannot afford a fix by any means (borrowing, stealing, prostituting). Both of these lead to back sliding and I’m sure the recidivate rate is quite high because of the long term history of usage. “Just Say No to Oil” is a lame sentiment but it must be done to kick the Greasy Monkey.

    Reply
  4. ArianeB says:
    6/25/2008 at 8:19 am

    #39
    Where do people get this crap? THERE IS NOT A SHORTAGE OF REFINERIES!!!! If there was, they would be building them.

    Many refineries especially around the gulf coast are running at BELOW capacity due to declining supplies of oil coming from Mexico and Venezuela, both of which are in post peak declines. The US has been post peak oil since 1972, hence the reason refineries have not been built here in decades.

    What there might be a shortage of is refineries that can handle the crappy “tar sand” oil coming from Canada, but all that requires is retrofitting old refineries.

    Reply
  5. QB says:
    6/25/2008 at 10:09 am

    #44 “What there might be a shortage of is refineries that can handle the crappy “tar sand” oil coming from Canada, but all that requires is retrofitting old refineries.”

    Not so fast. Your last congressional energy bill may screw that plan, and it’s an election year. As usual, don’t hold your breath.

    http://tinyurl.com/4xw798

    Reply
  6. QB says:
    6/25/2008 at 5:18 pm

    Heard on the news that the Obama campaign is against importing oil sands crude since the carbon footprint is too high. That’s over a million barrels per day that we can sell to China. ;-)

    Reply
  7. Rick Cain says:
    6/26/2008 at 11:47 pm

    You know if we would just convert to alternative energy we could save hundreds of billions, even trillions. We wouldn’t need a Soviet-sized army to protect saudi arabia and we wouldn’t have to maintain a floating armada to retake oil resources lost to turbulent governments overseas.
    The only problem I foresee is convincing private industry because their business model is based on artificially creating shortages to keep prices high.
    its hard to convince people there’s a sunlight or wind shortage.

    Reply

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