Why aren't fuels prices dropping?

I'll tell you what! I get better gas mileage with my Jeep Wrangler than my
wife gets with her Ford Windstar.

 

with the unions in this country it is cheaper to import

 

Unions have nothing to do with why we import......

We import to burn up THEIR oil reserves rather than burning up OUR oil
reserves. Shale oil requires the development of better technical extraction
techniques, which are not far off, in order to be available cheaply. Our own
available resources are good a very long time, once we use up the resources
of other countries......

Unions, except for government workers and teachers, are moribund in the
USA - even with the vast government and teacher's unions, less than 17% of
the U.S. work force is unionized. The number gets smaller every year.....

PC

| with the unions in this country it is cheaper to import
|
|
| | >
| > | > > We won't be running out any time soon - just the shale oil deposits in
| > > Colorado, currently unexploited, will sustain current usage for about
| 600
| > > years - currently exploited deposits will also last hundreds of years.
| We
| > > have plenty of time to develop "alternative transportation" and SUVs
| ain't
| > > no problem except in the minds of the environmentalist whackos who
don't
| > > live in the real world.....
| > >
| >
| > That would certainly be nice, though why then are we still dependent on
| > middle eastern sources and considering drilling in the wildlife refuge?
I
| > don't consider myself an environmentalist but that just sorta defies
| common
| > sense. When it comes right down to it I don't really care what people
| drive,
| > though IMO anything less than 25 mpg is pathetic unless it's a vehicle
| used
| > for towing something or hauling heavy cargo.
| >
| > I still don't have much sympathy for those who whine about gas prices, I
| can
| > afford gas for my car, if you can't then get a more efficient car or
don't
| > drive as much.
| >
| >
|
|

 

Then why is it that a 'cost' of a barrel of domestic oil is 70% more than
foreign oil?

gj

 

It isn't...don't believe everything you hear from "The Media".....at today's
prices, we could bring our own oil to market for considerably less than
we're paying the Saudis and others....

PC

| Then why is it that a 'cost' of a barrel of domestic oil is 70% more than
| foreign oil?
|
| gj
|
| | > Unions have nothing to do with why we import......
| >
| > We import to burn up THEIR oil reserves rather than burning up OUR oil
| > reserves. Shale oil requires the development of better technical
| extraction
| > techniques, which are not far off, in order to be available cheaply. Our
| own
| > available resources are good a very long time, once we use up the
| resources
| > of other countries......
| >
| > Unions, except for government workers and teachers, are moribund in the
| > USA - even with the vast government and teacher's unions, less than 17%
of
| > the U.S. work force is unionized. The number gets smaller every
year.....
| >
| > PC
| >
| > | > | with the unions in this country it is cheaper to import
| > |
| > |
| > | | > | >
| > | > | > | > > We won't be running out any time soon - just the shale oil
deposits
| in
| > | > > Colorado, currently unexploited, will sustain current usage for
| about
| > | 600
| > | > > years - currently exploited deposits will also last hundreds of
| years.
| > | We
| > | > > have plenty of time to develop "alternative transportation" and
SUVs
| > | ain't
| > | > > no problem except in the minds of the environmentalist whackos who
| > don't
| > | > > live in the real world.....
| > | > >
| > | >
| > | > That would certainly be nice, though why then are we still dependent
| on
| > | > middle eastern sources and considering drilling in the wildlife
| refuge?
| > I
| > | > don't consider myself an environmentalist but that just sorta defies
| > | common
| > | > sense. When it comes right down to it I don't really care what
people
| > | drive,
| > | > though IMO anything less than 25 mpg is pathetic unless it's a
vehicle
| > | used
| > | > for towing something or hauling heavy cargo.
| > | >
| > | > I still don't have much sympathy for those who whine about gas
prices,
| I
| > | can
| > | > afford gas for my car, if you can't then get a more efficient car or
| > don't
| > | > drive as much.
| > | >
| > | >
| > |
| > |
| >
| >
|
|

 

where?
oil is traded openly, if foreign oil is $30 per bbl and US oil is $70
per bbl, guess what, no US oil would be sold

 

And don't you find it strange that there is a "shortage" when we have
proven reserves of NG extending a into couple of centuries???



--
Regards,

JT (Residing in Austin, Texas)

Just Tooling Down The Internet Superhighway With my G4.......

 

|
|
| Proconsul wrote:
| >
| > | > |
| > | >Then why is it that a 'cost' of a barrel of domestic oil is 70% more
than
| > | >foreign oil?
| > | where?
| > | oil is traded openly, if foreign oil is $30 per bbl and US oil is $70
| > | per bbl, guess what, no US oil would be sold
| >
| > We aren't "trading" our oil - we're buying.......
| >
| > The major product of U.S. producers is natural gas.....
| >
| > PC
|
|
|
| And don't you find it strange that there is a "shortage" when we have
| proven reserves of NG extending a into couple of centuries???

There is no shortage - and anyone with the IQ of a ficus plant knows
that.....

PC

 

It costs next to nothing to get oil out of the ground in Saudi Arabia. It
costs a fortune to get it out of the North Sea. Price remains same/similar
globally. The price only determines which sources are still economically
viable. It just means that Saudi oil can be pumped out at very low prices,
long after other sources stop. This would drive prices up again and other
sources would come on-stream again etc...

DAS

 

We import to burn up THEIR oil reserves rather than burning up OUR oil
reserves
+++++++++++++++++++++++++++++++++++++++
So what's wrong with burning "their" oil. They make a decision to sell it
on the open market and we make a decision to buy it. And as far as a
natural gas shortage, there is none. These "shortages" are all marketing
events. You always have the choice not to use natural gas or to use less if
the price goes too high. And guess what, when people use less the price
goes down.

 

As the one who posted that line, I find nothing wrong with burning up THEIR
oil......

However, what we should do is tell them flat out that we'll buy it at a set
price - or they can drink it and we'll buy from others. There are plenty of
alternate sources......including our own.....!

PC

| We import to burn up THEIR oil reserves rather than burning up OUR oil
| reserves
| +++++++++++++++++++++++++++++++++++++++
| So what's wrong with burning "their" oil. They make a decision to sell it
| on the open market and we make a decision to buy it. And as far as a
| natural gas shortage, there is none. These "shortages" are all marketing
| events. You always have the choice not to use natural gas or to use less
if
| the price goes too high. And guess what, when people use less the price
| goes down.
|
|

 

However, what we should do is tell them flat out that we'll buy it at a set
price - or they can drink it and we'll buy from others. There are plenty of
alternate sources......including our own.....!
++++++++++++++++++++++++++++++++++++++
Sounds good to me.....

 

Great, but who is "we" and who is "they" and who decides what to do???

DAS

 

There are plenty of

Not so.
Time to read up and get with the realization that the supply is finite and
going to be gone sooner than we've previously been told.

 

| > There are plenty of
| >alternate sources......including our own.....!
|
| Not so.
| Time to read up and get with the realization that the supply is finite and
| going to be gone sooner than we've previously been told.

It is so, and the "known" resources that we have access to are good for
hundreds of years......all the notions to the contrary are insupportable
when compared to facts and when reason and logic are applied....! While it's
certainly true that the supply is "finite", we ain't close to exhausting it
yet and won't for the determinate future. Lots of time remains to develop
alternative fuels - which we will, in good time, accomplish....!

PC