obscurite: blog 
obscurite's blog
who's to blame for $4 gas
Published May. 20, 2008
Probably the most comprehensive yet simple to understand history of how we got to the highest gas prices in our nation's history (and a very interesting read):
http://money.cnn.com/2008/05/20/news/economy/gas_price_history/index.htm?cnn=yes
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High gasoline prices are here to stay. We can change how we move from one place to another, or we can just suck it up and absorb the extra cost it takes to fill the gas tank. I won't disagree with 40 years or so of oil left, but it's also important to consider that oil gives us many products besides fuel for our various modes of transportation.
GOLO member since August 31, 2007
May 20, 2008 10:12 a.m.
GOLO member since July 17, 2007
May 20, 2008 9:47 a.m.
Besides, how much do you realistically think we can reduce our demand? 10%? 15%? That's 2-3 million barrels per day, which is a drop in the global bucket. That's about a 2% reduction in the global market. Using straight math, (and assuming GLOBAL demand would stay stagnant, which it won't) you could expect the cost of a barrel of oil to decrease by about $2.50 per barrel. That's a decrease of 5 cents per gallong of gas.
Woopie.
GOLO member since July 17, 2007
May 20, 2008 9:45 a.m.
Given three-fourths of global consumption is beyond our control, probably not much. Reducing consumption on our part reduces our dependency on foreign oil. "Drill more, Refine more" only delays the inevitable. Is delaying the inevitable a good long term solution?
GOLO member since August 31, 2007
May 20, 2008 9:39 a.m.
GOLO member since July 17, 2007
May 20, 2008 9:31 a.m.
Our demand was about 20 million per day during this period. How much do you think we can decrease that and have a dramatic effect on the world market?
GOLO member since July 17, 2007
May 20, 2008 9:17 a.m.
GOLO member since July 17, 2007
May 20, 2008 9:11 a.m.
GOLO member since November 15, 2007
May 20, 2008 9:10 a.m.
Smorg: This was your quote; you passed blame and pointed fingers not I. Let’s not get confused with our own words.
GOLO member since November 27, 2007
May 20, 2008 9:04 a.m.
That might make one feel better by being able to place blame, but it solves NOTHING.
What we need are solutions, not finger pointing.
GOLO member since July 15, 2007
May 20, 2008 8:58 a.m.
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