$2.00 or LESS a gallon for gas!

[300CAWDDUB]

Originally Posted by usnis0922

Sorry to say we consume 20million bpd

You are correct. My mistake. I was looking at the wrong stats.

20.73 million barrels would be the exact number. Thats still 1506 years of oil, at our current pace, from one spot.

[300CAWDDUB]

Originally Posted by marlinspike

Ok, so we become oil independant. Of course, because we're pumping it all with American labor rather than illegal immigrant Pakistani labor, the costs of production skyrocket, but let's ignore that for now and presume that the oil companies' costs drop because of this.

So their costs drop. What is there to drop the price? Where is the downward pressure in the automobile fuel market? They'll charge the price that makes them the most money, which may well be $4/gallon since even at this price people have only changed their consumption so much (i.e. demand for gas is inelastic). There isn't the invisible hand of competition to push the price down because there is very little competition in the sale of automobile fuel.

OPEC is the single major contributor to the price we see gas at the pump. A combo of 13 countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
Together, these 13 nations are responsible for 40 percent of the world's oil production and hold the majority of the world's oil reserves, according to the Energy Information Administration (EIA). When OPEC wants to raise the price of crude oil, it simply reduces production. This causes gasoline prices to jump because of the short supply, but also because of the possibility of future reductions. When oil production dips, gas companies get nervous. The mere threat of oil reductions can raise gas prices.
In April 2001, OPEC decided to reduce its collective production by one million barrels per day. This was at the same time that American consumers saw gas prices rise, hitting an average high of $1.71 per gallon on May 14, 2001.

OPEC increased its production in June 2005, when it raised to 28 million barrels per day with an increase of 500,000 barrels per day pending changes in oil prices. In September 2005, it made all of its member countries' "spare output" available, an estimated 2 million barrels per day. However, in November 2006, OPEC again reduced its rate of production by 1.7 million barrels per day to keep the price from falling below $50 per barrel [Source: Joint Economic Committee ]. OPEC's estimated production for the first quarter of 2008 was an average of 32.3 million barrels per day [source: EIA].

Beyond OPEC, there are several other countries that contribute to the world's crude-oil supplies, including the United States, Mexico, Canada, Equatorial Guinea, Russia and China. In February 2008, the United States imported from Canada approximately 1.9 million barrels of crude oil per day [Energy Information Administration]. OPEC tracks the oil production of these nations and then adjusts its own production to maintain its desired barrel price.


Bottom line, eliminate dependency on foreign oil, eliminate the cost as well.

[marlinspike]

Originally Posted by 300CAWDDUB

OPEC is the single major contributor to the price we see gas at the pump. A combo of 13 countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
Together, these 13 nations are responsible for 40 percent of the world's oil production and hold the majority of the world's oil reserves, according to the Energy Information Administration (EIA).

You need to start looking at the contracts. While OPEC does regulate production (though nobody actually follows those regulations) a lot of the oil that comes out of those countries actually comes out of access rights contracts where US companies are doing the pumping.

FWIW, barrel prices do not directly correlate to pump prices.

[300CAWDDUB]

Originally Posted by marlinspike

FWIW, barrel prices do not directly correlate to pump prices.

Yes i do understand this. There are a lot of other factors that each contribute in a small way to the end price you see at the pump. - Gas taxes, speculators, demand, and station profits to name a few.


I would like to get other peoples opinions on this matter. Anyone else have any insight/ solutions to the energy problems we are facing today?

And please, like i stated before, lets keep this civil.

[marlinspike]

Originally Posted by 300CAWDDUB

Yes i do understand this. There are a lot of other factors that each contribute in a small way to the end price you see at the pump. - Gas taxes, speculators, demand, and station profits to name a few.

I'm not saying they don't equate, I'm saying they don't need to correlate. It could be $10/barrel and $10/gallon at the pump if they thought they could make more money that way.

Now, part of the reason it somewhat correlates is that they try to keep public opinion from becoming negatively directly towards them too much.

[bling300c]

sign this petition
American Solutions - Petitions

[bling300c]

drill now, drill everywhere and we will pay less. i don't really care if we drill through Rudolph's red nose if we have to.

really, as soon as we commit to drilling we take all the oil speculators out of the equation. Alternative energy is 15 year away before it is ready for prime time. we could have US oil production in 5 year if we really work hard. this will allow us more time to develop alternative fuels.

build Nuclear power plants now too. since we only make steam with it this is very clean and carbon free. nuclear power plans generate very little waste and it should be buried - just like they do in France.

Sweden, Norway, Iceland all drill for oil proving it is safe. these are some of the biggest environmental friendly countries in the world.

China, Vietnam, Cuba, Russia will all be drilling off our coast soon. they will be taking our oil right under our nose.

like i said, drill here, drill now, drill everywhere, pay less.

[DaveW68]

Originally Posted by Aleks202

...the new conservative democratic candidate aka. Obama...

Now that's a very funny statement from an obviously very uninformed person. Obama is as far from conservative as you can get. I believe that his voting record in the Senate is the most liberal out of all 100 Senators since he's held the position. And I don't think he's going to be elected either, even though our nation has unfortunately been gravitating towards liberalism. I can think of nobody worse (other than the Taliban, psycho Arab leaders, terrorists, etc) to lead this great country. Over time, people will be begging to have George Bush back in office if Obama gets elected. Just wait and see.

[marlinspike]

Originally Posted by bling300c

. Alternative energy is 15 year away before it is ready for prime time. we could have US oil production in 5 year if we really work hard.

What are your sources for these two timeframes? I don't know that I buy the first one.

Also, nobody has addressed the increased costs of production associated with US labor versus illegal immigrant Pakistani labor.

[usnis0922]

Originally Posted by marlinspike

What are your sources for these two timeframes? I don't know that I buy the first one.

Also, nobody has addressed the increased costs of production associated with US labor versus illegal immigrant Pakistani labor.

All I know is my 6.1 HEMI is bigger than your 5.7.........and nothing to do with this topic...