Yahoo !!! Gas crisis Over

[EddieWalker]

OK, I admit that some of them are right some of the time. When I was growing up, we would get El Nino and El Nina currents all the time off the coast of California. They are pretty common events, and the results are fairly predictable. One time while watching the news, I realized that some of the "experts" were predicting totally radical and oposite thoughts on what will happen because of this. They were wrong, but that's when I realized what was going on.

If they had been right, then they would have become the new experts. Who knows what that entails, but I'd bet that becomeing the expert and the one who predicted such a thing would make allot more money, get more air time and increase their social standing.

Then during the Dot Com Bubble, we heard the same thing. There were those making predictions and when it happened, they became the experts. Then when they were wrong, the next person who made a prediction became the expert. I was watching for this, as I am today. It's fun to see who predicts what and how radical it is from what everyone else is predicting. Just go out there and predict anything you want, if it comes true, then you too will be the new expert.

Rarely does knowledge or experience apply to these people. Remember the predictions of how many huricanes we were going to get after Katrina? Of course, nobody predicted zero, so now we have them out there doing just that.

Same thing with oil. They are all saying the same thing, but then a few are saying the opposite. I think they are doing it just on the off chance that it might happen. If it does, whach out, they will be all over the news as the latest experts!!

Eddie


PS Yes, I am paranoid. LOL

 

[charlz]

What I read said the increase in gas prices is not related to oil prices. There is so much oil right now that all the onshore facilities are full and they are parking tankers offshore as storage.

Supposedly the creeping up of gas prices is due to the refiners cutting back on production and therefore artificially limiting supply. Refineries are running about 83% of capacity.

The gist of the government report on the 16th said oil inventories are above average for this time of year, so are gasoline and diesel inventories. Not sure how the price continues to go up. Probably all the middlemen have increased their slice of the pie since prices are low compared to $4/gallon.

 

[texbaylea]

I graduated in the early 60's with an advanced degree in geology planning on working in geophysics. That was in the middle of an oil slump so no exploration and no jobs. I got on with NASA in physics but I remanied aware what was going on in the oil patch. The "experts" then were saying that we would run out of oil in 20 sometimes 30 years. That has not changed at all since then. If it were not for the NIMBYs and environmentalists (econuts) we would not be dependent on foreign oil for crude stocks and we would have modern more efficient refineries and more of them.

NIMBY = Not In MY Backyard

It is fine to talk about alternative energy sources but most of them will require 10-20 years (or more) to achieve significant contributions to our power demands and most are geography dependent. With reasonable licensing requirements, Nuclear has the best chance to make a significant power source in a reasonable time frame.


Vernon

 

[pennwalk]

My local station has crept up to $1.85. We have made a small effort to reduce our oil consumption. We finally got off a dime and replaced our oil furnace with a ground water heat pump. So there is 550 less gallons a year being used in the good old USA. We have been thinking about it for more than 2 years. It only took 2 weeks to drill the wells and install the new system. The building inspector said he is seeing a lot of these systems in our township. Of course it made more sense when oil was $5 a gallon. I suspect some of our problems are being solved one family at a time.

Chris

 

[Bedlam]

Well it seems it might just be starting in the good ole Taxachusetts.
AP NewsBreak: Patrick weighs 27 cent gas tax hike - Boston.com

Imagine leading the nation in auto tracking.
Anyone have tea?

 

[pennwalk]

I am having a hard time understanding why my gas is up to $1.95 at my local gas station while oil is selling for $34 a barrel today.

Chris

 

[Ductape]

Well it seems it might just be starting in the good ole Taxachusetts.
AP NewsBreak: Patrick weighs 27 cent gas tax hike - Boston.com

Imagine leading the nation in auto tracking.
Anyone have tea?

Hard to believe NOT ONE of them gets it. They raise taxes and run people (and businesses) out of the state. Then, with less poeple now paying in, the state needs MORE money to keep things at the same level. So they raise taxes MORE and still can't figure out why their state is hemmoraging at the seams. So with this new move, what driver isn't going to drive extra miles to buy gas in a surrounding state?? Further hurting businesses in Ma.

And don't get me started on the auto tracking. I know this is being looked at elsewhere also.

I am having a hard time understanding why my gas is up to $1.95 at my local gas station while oil is selling for $34 a barrel today.

Chris

No kidding...... we're still being hosed.

 

[kenmac]

Yep, gasoline going back up here also. $1.87 PER GAL. No xtra tax added here that I'am aware of

 

[MikePA]

Whoop, whoop, whoop, the black helicopters are in the air again.

 

[redneckford]

Whoop, whoop, whoop, the black helicopters are in the air again.

never landed where there all the TIME!!!!!!