OT: Gas Prices

GuyOfDoom · #1 May 7th, 2007, 03:08 AM

Note that despite the "harsh" circumstances forcing the gas price increase Oil companies are making record profits.

Fyron · #2 May 7th, 2007, 05:02 AM

Who'd have thought that supply and demand actually applied in the real world...

GuyOfDoom · #3 May 7th, 2007, 11:38 AM

As always your insight is "helpful." The overall point with gas prices being the social trap that's been created to force people to need it. Unless you think for some reason we haven't been able to come up with anything better for 100 years.

aegisx · #4 May 7th, 2007, 11:52 AM

From the gas company side:

http://www.conocophillips.com/newsro...il_profits.htm

Looking for an opposing link right now...

This one is ok: http://www.npr.org/templates/story/s...toryId=5367090

Still haven't found a good site that opposes the oil viewpoint with good data.

aegisx · #5 May 7th, 2007, 12:05 PM

It is a tough situation. They tried to tax the oil companies more in the past (1980) and it had the effect of decreasing domestic production and increasing foreign dependence, which isn't what we want.

http://www.taxfoundation.org/news/show/1168.html

An alternative energy source is preferable and they are at least starting to look at things like Ethanol. Now Ethanol is not the best solution but progress will not be made overnight.

GuyOfDoom · #6 May 7th, 2007, 12:23 PM

The problem with the oil company "support" article is that they fail to take into account that their "modest" price increases and maintainence factors into just about every other category of expense they claim is higher because of transportation costs.

As for foreign dependance, one of the biggest problems America has is thinking it can produce everything and fully support itself. No economy can do that, we only want to think we can with oil because we've pissed off all the major suppliers of oil.

aegisx · #7 May 7th, 2007, 12:30 PM

We probably cannot produce everything by ourselves, but I think that is a good goal to strive for. Ethonal might be a good idea for us then. We grow a lot of food (i.e. corn) and we are strong in pharmaceuticals/genetic engineering. I would hope we can use that to our advantage in producing plenty of ethonal. There are a bunch of issues right now with corn Ethonal but its a start. I think a Prius that runs on E85 would be a good thing.