Can you imagine what would happen to the world price of petroleum if Saudi Arabia quit pumping oil? Remember the late '70s? And I thought we were going to send missiles to all of the countries that harbor terrorists.
The Supreme Court has reasoned that it is not, because when you go to an airport you expect to be searched. Why? Because people know that they will be searched at the airport.
I guess circular logic is okay if you're the Supreme Court. :shrug:
So we pay a bit higher prices, no big deal. People who can't afford gas, have no business owning a car...
Wow, I didn't know Libertarians supported govt subsidies....A bit higher prices?
Gas prices went up by about a factor of 6 in the late '70s. That would raise gas from around $3 currently, to about $18. The cost of everything that travels by truck, or is made or produced by machinery run on petroleum went up by about the same amount. That includes just about everything we buy. That would raise the cost of a loaf of bread, for example, to around $10 or $15.
And we think we're in a recession now!
Wow, I didn't know Libertarians supported govt subsidies....
Well if it is that simple, we should cut demand first....lower speed limits on freeways to 65, secondary highways to 55....Government subsidies?
No, the price of petroleum is based on supply and demand. Reduce the supply by even 10%, and the price will skyrocket, just like it did in the '70s. Nothing I posted has a thing to do with government subsidies.
Well if it is that simple, we should cut demand first....lower speed limits on freeways to 65, secondary highways to 55....
Then when we have demand reduced, make the Saudis the recipient of our lower demand.
Carter cut speed limits, why can't Obama?
Yes, Carter cut speed limits. What neither he nor any one else has been able to do, at least here in California, is cut the actual speed of traffic. Most people thing the speed limit is the minimum speed anyway.
Nice idea, but it doesn't work. When Carter reduced demand, it was the US oil rigs that shut down. At that time, it cost about $5 to lift a barrel of oil out of the ground in Saudi and an average of about $15 a barrel in the US, and the high cost production got cut first.Well if it is that simple, we should cut demand first....lower speed limits on freeways to 65, secondary highways to 55....
Then when we have demand reduced, make the Saudis the recipient of our lower demand.
Carter cut speed limits, why can't Obama?
Nice idea, but it doesn't work. When Carter reduced demand, it was the US oil rigs that shut down. At that time, it cost about $5 to lift a barrel of oil out of the ground in Saudi and an average of about $15 a barrel in the US, and the high cost production got cut first.
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How does that work? especially since SA imports enough foreign workers such that a third of the population are "guest workers".
End result is that we are paying those guest workers by buying SA oil.
IMO, SA should have taken out Saddam. But not only are they too good to do "menial work" for a living, they are also too cowardly to fight their enemies. The USA gets to go over and fight their battles. At least the Saudis should have paid mercenary wages to our troops...
Now that you mention it, I have read that before. So, what do we do, keep using Saudi oil til it is all gone and then use our own low grade stuff? I really don't think that is wise, not if it costs more American lives. But I hope to live long enough to see it.Saudi oil is light sweet crude, as opposed to heavy stuff pumped in North Dakota (I was once told it sets up at +80 degrees F) or the sulfur-laden stuff we get from Prudhoe bay. It's also quite close to the surface, which means less drilling effort. It's high quality stuff, and so easy to get that we can even ship it across the world for less expense than a lot of our home-grown stuff. The closest we could come to meeting their production costs would be in the Santa Barbara channel, but the econazis prefer their oil spills to occur naturally.
Agreed with your assessment of Arabs. They haven't had a decent general since Saladin, and he was a Kurd. As I recall, though, the Saudis did pick up most of the tab for Gulf War I.
Now that you mention it, I have read that before. So, what do we do, keep using Saudi oil til it is all gone and then use our own low grade stuff? I really don't think that is wise, not if it costs more American lives. But I hope to live long enough to see it.
When the Saudis run out of oil, there will be a lot of fertilizer hitting the ventilator.
Unless we begin to get serious about alternative energy, that fertilizer will be flying pretty fast and fairly soon.
Now that you mention it, I have read that before. So, what do we do, keep using Saudi oil til it is all gone and then use our own low grade stuff? I really don't think that is wise, not if it costs more American lives. But I hope to live long enough to see it.
When the Saudis run out of oil, there will be a lot of fertilizer hitting the ventilator.
Unless we begin to get serious about alternative energy, that fertilizer will be flying pretty fast and fairly soon.
As long as that's the cheapest energy source available, yeah, we'll continue to use it and the Saudis will continue to get fat and fund terrorism around the world. IMO the fertilizer will quit flying when the Saudis run out of oil and go back to molesting camels for entertainment. And at that point, we would be well advised to have our own resources ready to go.
Alternative energy initiatives like ethanol, wind and solar **ARE** the fertilizer hitting the fan. There isn't a one of those ideas that can can compete with coal and/or oil on cost or reliability for commercial application.
We need to add the right to refuse X-ray security checks to the Bill of Rights.
As long as that's the cheapest energy source available, yeah, we'll continue to use it and the Saudis will continue to get fat and fund terrorism around the world. IMO the fertilizer will quit flying when the Saudis run out of oil and go back to molesting camels for entertainment. And at that point, we would be well advised to have our own resources ready to go.
Alternative energy initiatives like ethanol, wind and solar **ARE** the fertilizer hitting the fan. There isn't a one of those ideas that can can compete with coal and/or oil on cost or reliability for commercial application.
Arizona did an alt-fuel thing, converting cars to natural gas. You could even get a compressor to boost the pressure of the natural gas delivered to your home furnace, so that you can fill your own gas tank....How about natural gas? We have plenty of that right here at home. All we need is the infrastructure to distribute and market it. Cars and trucks can already run on it.
Natural gas, nuclear energy, and very soon, solar will be able to meet a large part of our energy needs. All we need is the will to become energy independent.
Did anyone catch the 60 minutes episode Sunday about natural gas and how much we have available?
Arizona did an alt-fuel thing, converting cars to natural gas. You could even get a compressor to boost the pressure of the natural gas delivered to your home furnace, so that you can fill your own gas tank....
We have so much natural gas that we use to just burn it off at the wells. It took some time for the technology to be developed so that it can get collected,shipped, etc.
It seems to me that LNG is the best way to energy independence in the short term. I wonder why no one pushing for it?
It is being pushed, but it takes time to modify infrastructure.
Personally, I don't like it for the added danger. Gasoline is bad enough, but LNG in the hands of our average drivers is a disaster in the making....
Brazil has the perfect climate, plenty of water, land, to make plenty of sugar cane to make alcohol based fuels. Possibly sugar cane can be grown economically in the swampier parts of the southeast, where snakes and alligators live.:2razz:
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