Lower the cost fuel

[darwin]

I think it is time we encourage congress to drill for oil in the USA. If anyone has been fishing off the Louisiana coast you know where the fish are, at the oil rigs. The charter boats tie up to the oil rigs to fish. If anyone doesn't believe this I would encourage you to go fishing in the Gulf of Mexico off the Louisiana coast. The rigs are not pretty but the risk can be managed. Did anyone hear of an oil leak during Katrina, I did not, there were non off shore. A tank did rupture on shore but not in the Gulf. This would bring down the price of fuel.

[murffdog]

What will bring down the price of fuel? They will spend multi-millions and take forever to refurbish the oil rigs to get them up and running.

[dlrupper]

Just the act of opening the U.S. for drilling will send a message to the speculators that we are back in business. If we don't start drilling what will you put in your tank in 10 years. The greenies want everything excluded from use. They don't want us to drill for oil, use oil shale, use coal to liquid technology, nuclear or anything else. They want to control us. The corn ethanol Congress recently mandated the use of, just drove up the price of corn and everything connected to corn by-products It's time to get Government out of the way and let big oil loose to get the oil we need. The U.S. economy runs on oil. The only thing green that works in my truck is the green backs I purchase the diesel fuel with.

[slabman]

DL...well said. These idiots who say new production won't make a dent in the price of oil (Hint, Hint, Barak-Mr know-it-all), are either just illiterate or typical politicians of a certain party affiliation. :mad: If the supply/consumption balance is to be maintained, we NEED to increase production GLOBALLY, just to try to keep up with growing World demand. While not unimportant, conservation will only go so far.

[utmtman]

Got a laugh at these comments seeing as how we are drilling in the US. The problem is we have no place to refine the oil. So they cap the wells and wait for the day that new refineries will come along or our present refineries run out of oil at where ever they presently get it. And those drillers just keep drilling. We ship oil to half a dozen other countries to refine it now and that helps to keep it up there as well since we need to buy it back from them after they refine it.
News said tonight the prices for oil will be going down over the next month but will the price of fuel. We still dont have refineries and we still ship it out to be refined.

[dxsmac]

News said tonight the prices for oil will be going down over the next month but will the price of fuel. We still dont have refineries and we still ship it out to be refined.

I was gone a week and it came down 5 cents where I live...... Where I live, the Chevron at the Swinomish Indian Casino leads the way on prices. I watch the prices. When the Casino moves, then the stations right on I-5 move, and the stations in the town where I live, which is 16 miles off I-5, will lag behind by about 10 cents.

JJ

[dlrupper]

OK, lets construct more oil refineries and DRILL more oil.;)

[utmtman]

Well we know that two states are in the process of building a new refinery and thats a start but with 5 years to build and get operational that will seem like an eternity.

[murffdog]

Well we know that two states are in the process of building a new refinery and thats a start but with 5 years to build and get operational that will seem like an eternity.

Hope they hurry, I'm getting low on funds and fuel.

[donnie]

Me too.
But Id like to know if it just me or has everyone else noticed that even with the high fuel prices, people still dont slow down?
IV noticed the OTR truckers have slowed a bit but the other drivers dont.

[oldguybc]

Wonder when they'll get one on the market that'll pull my 5er?;) :) :p

[utmtman]

Me too.
But Id like to know if it just me or has everyone else noticed that even with the high fuel prices, people still dont slow down?
IV noticed the OTR truckers have slowed a bit but the other drivers dont.

I noticed that a while back and did a post about how fast we drive. Truckers are not only slowing down they are getting out of the business. I have been in many a truck stop in my day but the past couple of times I have seen a lot of signs for trucks and trailers for sale. Used to be one here or there but lately its entire bulletin boards with lists. Sad.
But back to the speed comments I notice that people still are rich enough to do 10 over the limit on our freeways. And driving big gas guzzlers to boot. Maybe they are the ones that the speculators are getting the big bucks for.

[razax]

There is no oil shortage!! We are being ripped off BIG TIME!!! Oil should be $12 -$15bbl. Gas and diesel should be a buck a gallon and Oil profits would still be 4.3 - 4.6 $Billion per quarter. It seems as if no one has authority over the oil traders and speculators and they keep raising the price every day without justification. The entire world economy runs on oil and is in chaos. Oil needs to be taken off the market, closed to speculators, and the price per bbl stabilized at a price where the world economy can be stabilized. A price between $20 - $30 bbl should be set and kept by proclamation if necessary. In the past 8 years world demand for oil has only increased by 6% while the cost for crude has jumped by over 1000%. This is because there is too much oil interest among our politicians and their refusal to take control of runaway prices. Personally, I've been complaining since gas hit $1.50. It amazes me that big business and the American public are not being more vocal in protesting. There are many closed refineries in the US and many capped oil wells. I am sick and tired of the phrase, "our dependence on foreign oil". This is a myth perpetrated by big oil. The US is the third largest producer of oil in the world and exports more oil than import. Our government is allowing us to be ripped off big time and it is time for us to unite and stand up in protest. Inundate the government with e-mails of protest.

[utmtman]

I agree razax and believe me I have said the same thing many times over but people dont want to believe it or are so blinded by the lies they cannot see the truth. My son drills for oil and he caps a well a month with plenty of oil in them but like he tells me they have no place to ship it to process it and they keep drilling cuz they are paid by the big oil companies to do so. Also there is a major oil line from both utah and colorado that goes to wyoming and than a line there goes to canada to ship oil for processing. Then they send the processed oil back to the US for the going fuel rates and I talk to a Sinclair fuel hauler who told me that one of the refineries in wyoming and the one in utah both get fuel from canada already refined and thus are not refining oil to fuel. Now that sucks.

[jpj39]

If bush would release our oil reserves the price a barrel of oil would drop by 50% over night

[razax]

We know there is no oil shortage. What we don't know is why nothing has been done to keep the oil price from getting where it is.. If it rained oil for forty days and forty nights, the traders will still keep raising the price of crude. They will continue to increase the price on any pretense until they are stopped. Somebody somewhere must have jurisdiction over the traders, we need to find out who and rattle his cage.

[mistrbill]

Fuel prices will remain high as long as "The World Bank" tells the oil companies to to keep the price high. We are "reacting" instead of acting in 1970 -1980 when these prices started to go up.
Follow the money and you will see oil companies buying from themselves to keep the prices up. Only our pushing our politicians daily or replacing them with true conservatives who haven't been threatened and still have Ba--s enough to fight will bring the prices down.
In the mean time we must build refineries and start drilling more local wells so we are ready when the refineries get in running conditions. Bite the bullet and pay the price at the pump, but dont sit around and get complacent. Get active in politics and use the "NumbersUSA.com" and "FAIR.com" and other national web sites as guides to fight back.
This is Independence weekend but are we really "free" or "independent"?
Bill

[pistol]

If we didn't sell so much of our oil overseas we would have enough for ourselves. It isn't as much a shortage as it is profit taking speculators. If anyone noticed the politicians refused to do anything to stop these profit taking thugs last week . I think that if we started pricing the food we ship the oil producing country's according to the price they charge for oil we would see lower priced and more abundant supply oil:rolleyes:

[razax]

We already know we have enough, but the big oil companies are driving the pricing, there never was a need to buy oil from the middle east. The profits were greater for the oil companies and big business made huge profits from the agreement with Saudi Arabia. The Bakken area of North Dakota and Montana, up into Canada has much more oil than Saudi Arabia. Problem is that they've been drilling since 2006 and have only 68 producing wells. The oil is light sweet crude and could sell for $16.bbl check it out on the net. Need several thousand wells to meet our needs.. The oil producers are not driving the price, it's the traders and speculators. They are buying and selling the oil contracts among themselves, raising the price each transaction so by the time the oil is delivered the cost is way up. Our govt knows this, and failed to act on legislation to eliminate the speculators from the trading. Too many oil people and big stockholders in DC. I've been sending scorching e-mails to the senate and congress and speaker of the house N Pelosi every week. If you and your friends did the same we might get some action. They should be ashamed for taking off without resolving this major problem.

[bukhrn]

I keep hearing that prices are high because of a shortage of refineries, IF thats the case, then maybe someone could tell me WHY Shell was allowed to sell half thier Deerpark refinery in Houston to (get this), the government of mexico, and immediately start shipping millions of gallons of unleaded fuel a day to mexico.
Or perhaps they could enlighten me as to why Shell attempted to bulldoze thier highly profitable, Bakersfield refinery instead of selling it, and allowing a new competitor to enter the market, this would also increase thier profits.
They finally sold it to Flying J, ONLY after pressure from western elected officials & Shell employees releasing the intentions & motives to TV.
Face it folks, prices are where they are because of a conspiracy among the big oil companies, and the people that we trust to watch over these things (ie;The Federal Trade Commision), obviously have thier backs turned.
Kinda gives the impression that oil Doesn't run from well to refinery, but from well to some government officials back pocket.
Your government is well aware of exactly what is going on, & refuses to do anything about it, & it doesn't matter if it's Dem. or Rep.

[gmandjj1980]

If the United State said today that no more RVs could be built, what would the worth of our RVs do? Yep, they would be worth a lot more than they are now. It is the same with fuel. As soon as you tell the world that you are not going to produce or even explore for more oil, as our congress did, then the price of the existing oil goes up. If you tell the world that you have had enough and decide to go exploring for oil, then the price will come down, immediately!

I would also like to address the business of not having enough refineries. I know that we don't have enough, but to make that a reason for the high prices doesn't cut it for me. If someone can explain to me why having not enough refineries has made the price of unrefined oil go from $40 to $100+ I would be glad to hear it. What I do hear is that it is an election year and one party hopes to convince voters that the economy is bad due to the other party. To make sure that the economy is bad, they do as our congress did and help create high oil prices. And you know, its working!

[utmtman]

Where do you come off saying our congress helped to create high oil prices. I guess you are one of those that believe Bush some how created hurricane Katrina too.
Give me a break.

The fact that oil is dealt with in dollars I say again it is dealt with in dollars and unfortunately our dollar is not worth crap thus the high oil prices. And yes I can find ways to blame congress for that such as trying to help people who were loosing their homes they changed the interest rates causing the dollar to also change. We could have let those people loose their homes and interest rates to go up and oil would have probably not have climbed like it did. Honestly I blame the people.
And your comment about refineries, let me give you an example there, we are paying other countries to refine our own oil and they sell it back to us at their prices thus also keeping the prices up there. If we had more refineries and refined our own oils we could reduce the price by half. Unfortunately it will take 5 years for any refinery to be built and come into operation so we suffer in the mean time.
Again I blame the people who a long time ago cried no I will not allow refineries in my back yard. And they still whine and say no. But yet they expect low oil prices, low interest rates, or in other words everything given to them on a silver platter.
To all out there, were you one of those????

[oldguybc]

You think it is bad here, just got back from Canada & diesel is 1.74/Litre there (about 6.60/Gal or so) and shows no signs of coming down. Was delighted when we returned to CA & diesel prices had dropped (4.27/Gal this morning). BTW UTMTMAN, passed the fairly new refineries in Benicia and Martinez & they are going great guns, a lot of new equipment appears to have been installed.

[garynrosvi]

In eastern Oregon our diesel hit $5.15 a gal but has recently dropped to $4.55. Hope it gets to $4.00, or am I dreaming? :rolleyes:

Gary in OR

[utmtman]

Prices are coming down all over. Lets hope they keep coming down or at least once they stabilize they are low enough we can afford it and it stays that way for a while.