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Straight Talk On The Price Of Gas

Five dollar gas is the warning now.  Gas prices are a big campaign issue already.  We’ll look for straight talk on the price of gas.

Maria Harris fills her vehicle with gas at a Chevron filling station Monday, March 26, 2012, in Richardson, Texas. (AP)

Maria Harris fills her vehicle with gas at a Chevron filling station Monday, March 26, 2012, in Richardson, Texas. (AP)

Fifty bucks, maybe more, for a tank of gas hurts.  And boy do politicians know it.

With average gasoline prices now right up against four dollars a gallon, Republican contenders for the presidency have been all over President Obama, laying responsibility straight on the White House.

The president knows very well it’s a hot button.  He’s been out in oil country posing by drill rigs and pipelines, calling for an “all of the above” energy push.

But how much sway does any president honestly have over gas prices?  And what should US policy be?

This hour, On Point:  the price of gas, and American energy strategy.

-Tom Ashbrook

Guests

Severin Borenstein, co-director of the Energy Institute at the Haas School of Business at the University of California, where he is also professor of Business Administration and Public Policy

Thomas Pyle, president of The American Energy Alliance, which paid $3.6 million to run an ad critical of President Obama’s energy policy in eight states.

Douglas Holtz-Eakin, president of the American Action Forum. Former director of domestic and economic policy for the John McCain presidential campaign.

From Tom’s Reading List

 New York Times  “Across the country, the oil and gas industry is vastly increasing production, reversing two decades of decline. Using new technology and spurred by rising oil prices since the mid-2000s, the industry is extracting millions of barrels more a week, from the deepest waters of the Gulf of Mexico to the prairies of North Dakota.”

US News & World Report  “Oil prices drive gasoline prices and current oil prices are high. But $125 per barrel oil today is no more the fault of President Obama than $147 oil was President Bush’s fault in June 2008. There is very little the U.S. president can do to change oil prices over months or a few years. U.S. oil production was up 13 percent in 2011 over 2008, but still remains less than one-tenth of the world oil market.”

Politico “President Barack Obama is peddling nonsense on gasoline prices.First, he insists there are no quick fixes or silver bullets to lower gas prices. But a White House spokesman said last week, “We’re not taking anything off the table.” If there is nothing to be done, then nothing is on the table. On the other hand, if something can help, then it makes sense to pursue all those options. He can’t have it both ways.”

 

 

 

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  • Victor Vito

    1.  Oil is our paradigm until it is no longer profitable.

    2.  Oil is highly profitable.

    3.  If you don’t like gas prices, your only option is to use less gas.

    4.  The US cannot pump enough oil to drastically change the worldwide market.

    5.  $5 a gallon gas?  Pucker up, buttercup!

    • Modavations

      There were many yrs when oil cos.the lost their ass-es.

      • Terry Tree Tree

        ALL those poor starving oil executives?

    • Patrik

      We are the ones feeding this monster.  Starve the monster.

    • Anonymous

      Each time an oil price surge hits, the public gets all bent, then forgets about doing anything about it until the next price surge. In that way the American public IS RESPONSIBLE for this, in not electing representatives who will make solving this problem a priority.

      The only way to avoid future price surges is to develop RENEWABLE SUSTAINABLE fuels. And fossil fuels are not in that category.

      The advantage this time is that the price of fossil fuels, oil in particular, will NOT significantly decline in price, ever.

  • Pingback: Straight Talk On The Price Of Gas – WBUR | wealththruoil.com

  • Joshua Hendrickson

    Gas prices in America are artificially low (check out the more realistic prices in Europe) and only reflect our national sense of selfishness.  High gas prices wouldn’t be an issue here if:  A) we were paid a living wage, and B) we didn’t insist on undermining mass transit by spreading ourselves out beyond manageable urban radii.  I surely want to be able to drive long distances for vacations and such, but for everyday life  we need mass transit. As far as gas prices themselves are concerned, they are obviously manipulated chiefly for political reasons by everyone who has their hands on the pumps, from national actors like Iran to the monstrous oil companies; Presidents have little to do or say about it (although when they or their families have huge stakes in oil companies, as Dubya did, they cannot be considered innocent or beyond responsibility).

    • TyrannyOfMajority

      Taxes are “natural” and not artificial?

      • Anonymous

        Taxes are the price of a civilized society and taxes on gasoline is the way society has chosen to pay for building and maintaining the roads used by the cars using that gasoline.

        To the extent that if you want decent roads, taxes to pay for them is “natural.” And it means that the direct users of the roads are the ones paying for them. The current problem is that the revenue raised by a fixed per gallon tax has been declining  as cars get better mileage and inflation has been raising the cost of providing good roads.

  • http://pulse.yahoo.com/_XUSMUCZYR2LDLVTZQNDUHS3IWA Karl

    Someone is slightly confused.  it is not the value of oil that is driving the price up.  The “abundance” of oil should be keeping the price down.
    What is driving the price of oil to its outragious value is the market speculators and has nothing to do with supply and demand.

    Before the market price was “profitable, thousands of wells were left dormant collecting dust because it was not profitable to run them.  Now that the price has been driven to its “New heights” those wells are now operating 24/7.

    Using less gas is not going to change the views of market speculators or the price of gasoline.
    Last quarter, the U.S. reduced its consumption of gasoline and the price continued to rise.  What happened to the fuel that was not consumed, you ask.  It was sold as export to other countries at higher prices.

    The U.S. doesn’t need to changethe worldwide market, they need to contain the U.S. market.  If the cost of fuel is not contained any chance of turning the economy around is going to go down the tubes.

    The government is not going to do much if anything to control it as they are collecting taxes and tariffs on every gallon of crude that is produced, sold or exported.

    The refineries that can’t keep up with demand,  they have never in their entire existence, operated anywhere near capacity.

  • Bob

    If we started, in earnest, taxing gas 30 years ago, as some suggested back then, we might today have a smaller and more efficient fleet of vehicles cruising our highways and byways and using smart things like busses, trains and bicycles would seem normal as would $8 gas. Instead we have wars, SUV,s, climate change, big oil, lousy public transport and endless complaining.

    • margbi

       Jimmy Carter WAS right – although nobody wanted to say so at the time. Look where our head-in-the-sand attitude has gotten us today.

  • AC

    this will only continue to increase. it is a finite commodity. is anyone really surprised?

  • Gregg

    The press was calling for Bush’s head when gas prices hit $4. There was no talk about Presidents being unable to affect gas prices.

    http://www.youtube.com/watch?v=1oaq2fHiOOY

    President Obama wanted high gas prices so his “green energy” fiasco would be viable. It’s not. Obama said we could save as much oil that was available in ANWR if everyone got a tune up and checked the inlflation in our tires. Now he’s thinking Algae. It’s stupid and people buy it. His dastardly agenda is succeeding. I was hoping he would fail.

    • Anonymous

      Fear the Science:

      Algae helps power flight to Chicago

      Airplane fueler Monte Hawkins filled the tank in the wing of a United Continental Holdings jet Monday morning with fuel derived partly from algae as the plane prepared to take off into history.The Boeing 737-800′s flight from Houston was the first by a U.S. carrier to include passengers on a plane powered by a blend that included algae-based biofuel along with conventional petroleum-based jet fuel.The flight left Bush Intercontinental Airport bound for Chicago O’Hare International Airport. Chicago is the headquarters of Continental parent United Continental Holdings.United Continental Holdings estimates that the biofuel blend on the flight Monday reduced carbon dioxide emissions by an amount equal to what would come from the exhaust of a car driven 30,000 miles.

      http://www.chron.com/business/article/Algae-helps-power-flight-to-Chicago-2257434.php#photo-1736594 

      Your Next Flight May Be Powered By Algae—And A Lot Cheaper 

      Biofuel-powered aircraft have finally moved into the real world now that the U.S.-based Air Transport Association has approved a fuel blend of up to 50% organic waste and non-food material (i.e. algae and wood chips) for passenger planes. Jet fuel currently costs $131 per barrel. Algae fuel could ultimately cost less than $50 a barrel, and jatropha (another promising airplane biofuel) costs only between $50 and $80 per barrel. 

      http://www.fastcoexist.com/1678128/your-next-flight-may-be-powered-by-algae-and-a-lot-cheaper 

      Cargo boat and US navy ship powered by algal oil in marine fuel trials

      Giant cargo boats and US navy warships have been successfully powered on oil derived from genetically modified algae in a move which could herald a revolution in the fuel used by the world’s fleets – and a reduction in the pollution they cause. 

      The exact nature of the algae, one of 30,000 single-cell organisms known to exist in the wild, is a secret closely guarded by Solazyme, the company that manufactures the fuel in giant fermentation tanks in Pennsylvania. The fast-growing algae are fed crop or forest waste and convert their sugars to oil. 

      Unlike early biofuels, which made transport fuel from food crops, the new “second generation” process uses only plant waste and does not displace foods which could be fed to people or animals.  

      If the US navy does switch to algae or other biofuels, it would mark the end of an era of oil-burning navies ushered in by Winston Churchill. In 1911, as the British navy minister, he controversially ordered the huge British fleet to switch from coal to oil for efficiency.Two years later, he bought a 51% controlling interest in the then small Anglo-Persian Oil Company for the UK government. Within a few years, the company changed its name to BP, and is now the world’s fourth-largest corporation.

      http://www.guardian.co.uk/environment/2012/jan/13/maersk-cargo-boat-algal-oil

      • Gregg

        I don’t dispute there is energy in algae but it won’t power the world any more than inflating our tires would negate the need to drill in ANWR. It’s silly.

        • Anonymous

          Oil is the decomposed and heated remains of plants. What is so different for algae that it cannot produce something as energy dense as plants, which evolved from algae?

          The only difference is that you don’t want people to think that algae is the future for some of our energy needs. You want the fossil fuel companies to be able to continue to extort higher and higher prices for our energy needs.

        • Drew You Too

          No, algae on it’s own “won’t power the world”, however:
          If there were a cohesive and intensified effort to combine and uniformly implement ALL currently developed renewable technology we COULD power the world and we WOULD “negate the need to drill in ANWR”. The fact that we refuse to get our s___ together because it’s not profitable is what’s silly.

    • Terry Tree Tree

      ‘W’, Cheney, Condi, and MANY others of ‘W’ admin., were ‘oil-people’, that profited themselves, or their close oil cronies, with higher oil prices? 

      • Modavations

        How exactly did J.Rock make his zillions.Hide your kids, here comes the Man From N.A.m.b.l.a.

    • Anonymous

      You really do take the cake for repeating inane proven wrong “memes” that you hope will spread fear from misinformation.

      There was plenty of yelling about the $4/gallon gas in the summer of 2008. Do you really expect people to have forgotten McCain’s call for opening the Oil Reserve to increase supply? Obama was the only one who said that doing that would be basically ineffective. He was given high marks for NOT PANDERING to the public.

      What Secretary Chu said was that higher gasoline prices would help bring on necessary development and use of sustainable renewable fuels. Also, to provide the money needed to repair the roads, etc. more revenue is needed as, with cars getting better mileage and a fixed tax per gallon instead of a tax based on the price of the gallon, the gas tax revenue has been declining.

      But the ONLY way to get consistent, stable energy prices is to develop sustainable fuels, like wind, solar and biomass.

      Note that natural gas is NOT easily, cheaply exported, so the amount of gas produced here DOES affect the price of natural gas, unlike with oil, which is easily transported.

  • Anonymous

    In the event of oil supply disruptions, oil independence
    sounds good but will offer little benefit to America (except for huge oil
    company profits), because “American” oil is privately owned and oil
    is a world commodity which oil companies will sell to the highest bidder. So is
    it worth screwing up the environment for? That is unless we institute a
    windfall profits tax on huge oil company profits, which doesn’t seem very
    likely given that we can’t even get rid of special tax “breaks” for oil
    companies.

     

    Unlike “capitalist” America which has nothing to
    gain by being oil independent, Saudi Arabia owns all their own oil and shares
    its profits with it’s people, Venezuela under Hugo Chávez owns half it’s oil
    and shares it’s profits with it’s people, and thanks to (socialist?) Sarah
    Palin, Alaska has a huge tax on oil that Alaskan’s benefit from to the tune of
    thousands of dollars per person every year. Oil price rises benefit these countries and state. Institute a huge oil windfall
    profits tax in the rest of America – then oil independence would start to make
    sense. Is there any way to make that a reality?

     

    Note – in 2011 oil and gas companies spent $148,000,000 on
    lobbying and in 2008 (before Citizens United) they spent $38,000,000 on
    campaign contributions – 77% to Republicans.

    • David

       That’s interesting.

      The total tax burden is 46 cents per gallon. “Shared” with the people through welfare and “stimulus” packages.

      Yet the oil company itself, after factoring all the costs of production…

      …makes about 7 cents per gallon.

      Free market capitalism in energy? I could spend all night listing regulatory impediments.  Washington DC is the only reason why gas is so high.

      • Terry Tree Tree

        How much of the ‘overhead’, is oil executives’ pay, perqs, and benefits?  Paying each other to be on each others’ boards?

  • Anonymous

    What we have here is a class of parasites that with each passing year evolves more effective ways to manipulate the market price of oil. They serve no purpose in commerce: they are not funding research, exploration or development. They don’t risk their lives drilling, surveying or shipping. They use computers to push and pull oil prices. All they do is take 1$ from the pocket of every person who buys a gallon of gas, over and over and over again.

    Speculators used to be put to death… today they risk killing our economic recovery. Why do we tolerate the volatility? Gambling is illegal in many places and highly regulated; it only hurts those who engage in it (and their families). Why is this form of gambling, which hurts everyone except the wealthy, defended, protected and blessed by God’s Only Party?  Why don’t they demand an end to the uncertainty in the market that it creates?

    • Modavations

      Speculators are essential in all markets.Speculators often lose their as-es.Do you understand the concept of going “long and short”?What do you means by parasite?.Govt. in general,is the  “parasite”,in my opinion.So you want Speculators hung?.May we permit them a trial or should we just “Zimmerman”them

      • Anonymous

        In fact I do… these guys serve absolutely no purpose in the oil industry: they don’t finance anything, they don’t facilitate anything…

        And by the way… before we conclude that Martin or Zimmerman were guilty or not guilty, perhaps we should get all the facts.

        • Modavations

          The charge would be?.Hey black fang,bite your daddy

          • Terry Tree Tree

            STILL with the VIOLENCE?

        • David

          In economics, speculators are a price stability force. They signal shortages from the long run and on a net effect, cause society to ration better during a time of shortage.

          There are speculators for all commodities including food, and don’t assume that a speculator automatically “wins” either.

          Your suggestion that speculators should be banned is not unprecedented. During the 19th century, speculation was right out banned in Britain. The results was wild price instability and shortages in the market. That’s why we don’t try banning anymore. That mistake has been made.

          Speculation is the reason why there is always food in your grocery store. Why there is always gas at the pump. Without it as a market force, flat out famines occur. Understand now?

          If you really want to know why the gas price is too high, its simple: Energy production is far…

          …far…

          …..far…

          ………from being describable as a free-market.

      • Terry Tree Tree

        This ‘expert’ advice, from a guy that sells pretty rocks?

      • Anonymous

        Individuals or companies that have “skin in the game” such as farmers hedging against price changes after planting or harvesting crops, airlines hedging against the increase in price of aviation fuel, etc. have a justifiable reason to enter futures markets in the commodities they use or supply.

        But individuals that just want to make a “bet” on what the future might bring,, while possibly being allowed to do that, the total amount of such bets should be regulated so that it does not exceed some percentage of the total market, perhaps 15%.

  • http://www.facebook.com/profile.php?id=1816544 Dan Trindade

    Whether its reducing speed limits nationwide to get more from our gas or making the big leap towards more light and heavy rail service we have to do something and we have to do it fast. Supplies are dwindling and we must face the facts. Gas is never going to be back down below $3/gallon. We’re lucky it’s not averaging $5/gallon already. As a nation we are going to have to adapt to this or suffer more for it. No amount of hand ringing and promise breaking will change this.

    • Gregg

      “Gas is never going to be back down below $3/gallon.”

      The same was said back in 2008 but it happened.

      • Hidan

         All it took was a recession.

        • Ray in VT

          I agree.  The conditions that saw the collapse of crude oil prices by something like 60-70% was hopefully something of an anomaly.   I think that if there is continued global economic recovery, given that so much of our economy is based on oil for transportation and plastics for everyday goods, then, based upon known reserves, then we are somewhat unlikely to see another severe price decline.

          We, as a nation, seem to think that we are entitled to gas prices that have, at the very least, been significantly lower than what many other nations have experienced.  I think that one of the side effects of relatively low gas prices has been that we have been a somewhat wasteful society.  Look around at the number of people who leave their vehicles idling for long periods of time or those people who heat their homes with oil who insist that their house needs to be 85 degrees at all times.  There is a lot that we can do to use less oil, and I have been hearing that U.S. gasoline consumption is at a decade low.

          • Hidan

             Maybe Newt’s plan was to cause another recession to reduce the price of gas?

          • Gregg

            Then gas prices should be low now, shouldn’t they. Ditto the Carter years.

            High gas prices can cause recession faster than a recession can lower them.

          • Anonymous

            Gasoline prices are rising now because of world-wide increases in demand and speculation over the Middle East where it is the Republicans that are demanding military action against Iran which will block all the oil passing through the Straits of Hormuz and really cause a gasoline price jump. Of course Iran likes that because it needs the money from oil exports to buy a lot of its food and refined gasoline.

            The slowdown in Europe is one of the few restraints on the price of oil today.

          • David

             Strawman.

      • AC

        but you have to agree, it IS finite – at some point, there will be no ‘going back’, no matter the manipulation that may or may not be going on.
        it’s no use pretending otherwise, i think….

        • Gregg

          I don’t think it is anywhere near as finite as we are being led to believe. We have 100 years worth of natural gas here in America. New reserves are being discovered every day. We have plenty.

          • Ray in VT

            Well, natural gas and crude oil are definitely different.  We do have a great amount of natural gas here in America, but question is how to safely get it and bring it to market.  I am very skeptical about fracking, and I, for one, am glad that it probably will not be happening near me anytime soon.

            As for crude, I don’t know how many years we have, but more and more known supplies seem to be from shale oil, tar sand or in deep water.  We’ve been using up the cheap and easy to get at stuff, so I think that we must acknowledge that in the future more of our oil is likely to come from sources that make extraction more costly.

          • Gregg

            There is no need to artificially make that day today.

          • Ray in VT

            No, but we also need not jump and play all day like the grasshopper while winter approaches.

          • Gregg

            Exactly! Let’s quit fantasizing, stop the moratorium and drill.

          • Ray in VT

            I don’t think that we can drill our way out of this one, and I am concerned about the environmental impacts of both extraction and consumption of these resources.

          • Anonymous

            Only if the money for development of alternate energy sources is quadrupled. And that has to be in a way that Republicans will stop messing with renewing the laws enabling it. They need to acknowledge that the cost of fossil fuels will continue to RISE. Also they need to acknowledge the risk of Climate Change!

          • AC

            no matter the time variable – it is finite. & the road ahead is filled with squabbling over it.
            I say put this country in the modern, top position – get away from gas period.

          • Gregg

            I think moving away from gas will put us at the bottom position, so I disagree.

          • AC

            i’m not saying right away – we have what? according to some here, we have at least some # of years to transition. just be prepared to pay for all the ‘squabbling’ that will be going on inbetween…..

          • Anonymous

            Remember that the International Energy Agency, a rather staid organization, recently published a report that for EVERY $! not spent to mitigate CO2 emissions before 2020, it will cost $4.30 in the next 10 years in extra costs to perform that mitigation then.

            So everyone that proposes “wait-and-see” is signing up for a BIG tax increase. Please put your names on the list so the world can come after your money.

          • AC

            i’ll include that in the ‘squabbling’ cost, since there will be squabbling over that too. some people seem to think if they can’t see it, it doesn’t exist….(well, unless it’s faith, then they don’t need to see to believe)

          • Ray in VT

            I disagree.  If we can pioneer more efficient products and technologies, then I think that that will put us in a very good international position.

          • David

             We already did.

            Its called nuclear.

          • Ray in VT

            But there is the long term waste storage issue, as well as the risk of accidents .  Reprocessing could deal with the first issue, and we have been good generally on the second.  I think that it should be a part of the equation, but I wouldn’t base my portfolio primarily on it.

          • Terry Tree Tree

            Waste stored in YOUR yard?
              For FREE, because you ‘believe’?

        • Modavations

          It is not finite.There are hundreds of years of organic oil and more is naturally being produced.In 50 years we’ll be teleporting.

          • AC

            there is an obvious parameter here – earth – it’s finite. can’t see how it isn’t?

          • Adks12020

            The natural production cycle of fossil fuels is slower than the rate of consumption.  If we consume the fuel faster than the reserves can be regenerated then we will run out.  It’s not that complicated. 

          • Terry Tree Tree

            Even hundreds of years is a FINITE time?

          • Modavations

            That’s lame even for you.There weren’t any jets 100 years ago.Now we talk Warp Speeds

          • Terry Tree Tree

            They were talking about Warp Speeds, in one name or another, BEFORE jets!

        • David

          Finite?

          In North America, if by “finite” you mean 1.79 Trillion Barrels of Crude Oil (and counting, good for at least 250 years).

          489 Billion Short Tons of Coal (about 500 years of power).

          2.89 Quadrillion Cubic Feet of Nat Gas (another ~500 years of electricity).

          In 1980, doubters such as yourself claimed we had only 30 billion barrels left in reserves. Yet we produced, in spite of all the regulations, 79 billion barrels.

          Don’t take this as rude, but please get the facts as to what “finite” is supposed to be. The earth has had a head start in the billions of years to produce oil over 4 very MASSIVE hemispheres across countless epochs. Our infant species has only decided to value it as more than tar for a pathetic 150 years.

          And we’re far from finished counting it all.

          By the time we’re finished with the stuff, if we’re ever finished with the stuff (we keep discovering more of it), we’ll have figured out fusion. The prototypes are already here. Another 50 to 100 years physicists are confident to have it fully patented down.

          Yet something tells me that energy doubters will be doing everything in their power to shut it down based on “environmental concerns” when that day arrives.

          The hysteria over NUCLEAR, the only present day alternative that actually works, makes me think that subconsciously, “finite energy” people such as yourself simply don’t want forms of power that do not require a subsidy. But that’s just my theory. Soon as Fusion arrives, you’re going to tell us why its unacceptable…aren’t you?

          • AC

            o i’m all for nuclear. i think it’s the most efficient form of energy available. I don’t think you’re rude at all, but it is still finite. everything is you know – all things obey the laws of thermodynamics, including you.

          • David

            Exactly 1 million years ago, to this day…

            Something containing carbon molecules died. Perhaps a dinosaur. Perhaps a plant that lived on photosynthesis. Perhaps an ancient mammal.

            Or perhaps trillions of micro bacterium.

            Regardless, at this very second to the day, it has finished the conversion process into a new drop of oil.

            This is not Mars. Whatever unknown oil supply the red planet has as a former supporter of life, would by definition be is truly finite.

            But this is planet Earth. And she hasn’t suddenly decided to “stop” producing oil. No.
            As long as there’s life on this rock, it is not “finite.” Geologic forces press on.

            Remember. At the end of the day, virtually all energy comes from the Sun anyway.

            Well, nukes might be the exception. But no, we have to have an irrational hysteria about that. The only win-win solution, yet the media will use any incident (despite no one dying of radiation during three-mile or the Fukuyawa freak catastrophe) to start shutting down that dream left and right.

            And once Fusion arrives they’ll repeat the pattern.

            ~~If a newly discovered, win-win source of “clean” yet viable energy called “Harry Potter Magic” suddenly arrived on the marketplace…

            …do you honestly, truly think…

            …that the government won’t find an excuse regulate it out of existence?

            Really? They’ll actually leave it alone? W-W-Wait, really? Would you honestly expect that?

            Soon as there’s a minor, freak accidental workplace fire at a Harry Potter Magic Power Plant, what do you think is going to happen?~~

          • Patrik

            You forget the exponential population growth of the planet and those numbers now participating in the consumption.  Typical amurica, only thinking 100 years ahead.  I guess as long as you have energy who cares about the future right?  This source of power IS finite and denial is only a band-aid. 

          • David

            And you, once again, forget just what global scale truly means.

            There are four very large hemispheres on this rock and we’ve only begun to explore them for that foul, egg smelling substance we’ve long dismissed as tar. We’re far from surveying it all.

            You forget that the true source of this scarcity is artificial government regulations. My lord there are too many to list.

            Final point. After a demographic transition, populations naturally cap themselves off as they trade the numbers of births for longer life spans. Exponential? This is mathematically incorrect description of population growth. Once a nation becomes sufficiently advanced, they start having births solely at a replacement rate.

            In the end, human beings aren’t locusts.

            “My nation is now part of the first world. Why the hell would I want 10 damn kids? I don’t know what grandma was thinking.”

            That’s what people naturally start to think to themselves across generations as a nation grows in status.

            Population growth isn’t exponential, its logarithmic.

            (For the mathematically challenged out there reading this, for sufficiently low numbers, log and exponential growth rates are very similiar,,,until…

          • David

            Bear in mind…

            That post I made about 1.79 trillion barrels for crude oil?

            That’s for North America alone. One hemisphere. For what is currently known.

            Again, the fundamental question we’re ask is: Why is the price of gas so dang high?

            “Because its finite” is not the answer.

          • AC

            you have not studied math either, have you?

          • David

            Red Herring. Ad hominem.  Of course I have studied calculus.  Youur attatck is conceit.

          • AC

            no, i don’t think you have. or, not both – and certainly not past calc1, forget diffyQ.
            and your spelling is now ‘magically’ strange as well….

          • David

             You also forget to answer my question.

            If a new source of energy, powerful enough not to require a subsidy…we’ll call it Harry Power Magic, were to arrive on the marketplace…

            …do you really expect the government to leave it alone?

            Do you honestly expect the media not to find the s l i g h t e s t  excuse to demonize it that it may be regulated out of existence?

          • Anonymous

            It would depend on what the “externalities” (side-effects) of using that energy. If it spread poisons or increasedClimate Change, then it should be prohibited.

          • Chris

            We have a million years to wait for more?

            LOL

          • David

            All petroleum comes from life.

            All life comes from the sun.

            There’s your thermodynamics for you.

            So by definition, we have 4 billion years left to transition to a new source of energy (and a new solar system for that matter).

            In the meantime we’re just going to keep “miraculously” discovering more of the stuff. Earth herself has never stopped manufacturing her petrol, and until the sun consumes her, she never will.

          • AC

            I am fairly confident you have never studied any physics, & def. not thermo…..you should – it’s actually a lot of fun!

          • Anonymous

            For oil to form, large tracts of vegetation have to be buried in the ground. Where is this happening today with man’s continuous remaking of the landscape for development? The formation process for new oil creation is coming to an end.

            But Patrik is right, with the current population the extraction rate is much higher than the past creation rate, and the amount of available oil will decline.

          • Anonymous

            Your descendants will not be able to use it because Climate Change will have destroyed the ability to have a civilization capable of bringing it to market if there was a market. With storms ravaging the country every week and immigrants coming from large areas of the world with drought devastating the food supply, this country and others will be in chaos uncontemplatable today.

            Just note the crop loss suffered by Texas last year (some $7 billion after a more than $4 billion loss the year before). That will vary, but the increases will be inexorably upward.

    • Modavations

      Silly boy.First of all gas is cheap.Inflation is a great part of the apparent ,high price.The dollar has lost buying ,since Nixon clipped the dollar gold link.Pres.Obama could crash the market by merely saying he intends to “Drill baby drill”.

      • Modavations

        power

        • Terry Tree Tree

          ???

    • Patrik

      Cold Fusion.

      • Terry Tree Tree

        BIG OIL, BIG COAL, BIG NUCLEAR, will NEVER allow it?

  • Hidan

    Both the WH and Congress manage to raise prices, not reported in U.S. news. The congress members who supported the sanctions on Iran were ask what they are going to do if they sanction Iran and prices started to skyrocket. There answer of course was not. We sanction Iran than prices rise and speculators get in prices go up more. Obama than calls for more sanctions on Iran and claims “The world has enough oil” than goes on to a meeting about how we don’t have enough oil. What happens after new sanctions happen? Oil prices rise yet again.

    But since this is a election year the republicans think they can claim it’s all due to no allowing the XL pipeline and drilling and the WH and Democrats can claim it’s all due to a turnaround of the economy and speculators. Since both are beholden to the Israeli lobby one of the main causes wouldn’t be talked about.  Just wait to see the prices if some get there way and attack Iran.

    • Modavations

      One day you’ll wake up and think about America, instead of the Tehran.One day……..

      • Hidan

         Fred  after see your mug shot  your far to violent to engage.

        • Hidan

           ‘Fred after I saw your mug shot it seems your far to violent to engage”

          • Modavations

            You’ll break that pledge in 5 minutes.If I were a corpse on the side of the road for a month,I be better looking then my said :doppleganger”.Make a pt.quit the innuendos and assassinations

        • Modavations

          too

  • Modavations

    Wind,Solar and assorted Fairy Dusts are welcome,but the world runs on Oil and Nukes.Europe runs the Deisel car(not the old dirty units)and gets 45 mpg….In my opinion,salvation will be found by perfecting the gas engine,more miles per gallon.We have hundreds of years supply.To my amigos of the left Gaia,is “fairy dust”.

    • Patrik

      Only because people allow it to.  Hard choices are hard.

    • Anonymous

      With recharging stations or exchangeable batteries, an electric car would get the mileage equivalent of $1/gallon gasoline.

      The world will never again see the cost of gasoline go that low again without a world-wide depression that is at least as bad as the Great Depression.

    • Terry Tree Tree

      Germany, part of that same Europe, has 29,000 working Wind-Turbines, as was proven to you months ago?

      • Modavations

        Terry,Terry,Terry…..I said I’d never seen windmills anywhere in Europe other then the one between Schipol and Downtown and a few on the coast that were ornameental.I’ve been to Berlin many times and have never seen a windmill there either.I’m not saying they don’t exist in the North Sea,but I never saw them.By the way,the wind farms in Texas,to use a Germanism,are Kaput!!

    • Anonymous

      There are some improvements to come with the gas engine, but nowhere near enough to make it an “engine of the future.” And while you may manage to keep living in your “fairy world,” most of the world will be leaving you behind.

      The real question is whether or not you and your companions in denier speak will have delayed the necessary response for long enough that the world has passed some tipping point that will mean an irrevocable descent into disaster.

  • Anonymous

    The Politico column you quote from was written by  DOUGLAS HOLTZ-EAKIN and CATRINA RORKE, both of American Action Forum, which is a right wing think tank. Holtz-Eakin was John McCain’s  chief economic policy adviser, and AAF’s Board of Directors consists of the right wing establishment: Fred Malek, Norm Coleman, George Allen, Vin Weber, among others. 

    The full article is both a hit piece on Obama and economic and political nonsense. It suggests that gasoline could be $1.80/gallon cheaper if only the President had extended a $136 billion “temporary gas tax credit”.

    James Mayer is with the misleadingly named “Green Century Resources, a Midland, Texas based oil & gas exploration, production and technology group currently focused on oil development in the Permian Basin, the largest land-based oil producing region in the lower 48 states.  Our goal is to become a major independent oil & gas company.” 

    It is not useful to populate your show with mouthpieces from either side who are only there to spout talking points. We get that all the time, and it does nothing to help Americans decide important policy issues.

    NPR has recently stated that it would seek to avoid the journalism of false equivalency. That would be a welcome approach. I suggest you book and quote independent experts and leave the shout fests to CNN and MSNBC.

    • Hidan

       The same day NPR came out with it’s new ethics rules it violated them in reporting about the former Goldman guy. It allowed unnamed sources to attack him(something NPR stated it wouldn’t do) than did a infomercial for 5 hour energy without listing that it’s one of it’s sponsors, both Dina and Navarro violated it’s rules within a week. The only time it doesn’t happen is when the WH sends down how to report our FP

      NPR wishes to expand it audiences so it’s looking to caputre folks like Moda/greg with the use of James Mayer.

      • Modavations

        They had better,as we are 50% of the world.Why does the left fear “difference of opinion”?

        • Anonymous

          The “Left” doesn’t fear difference of opinion; but it doesn’t have to like it when the opinion is passed out as if it was fact when it is easily shown that it is FALSE. And when those false “facts” are used to make decisions that will inflict disaster on the whole world, they have a right to call you out on it.

          But that is the trouble with ideologues; they are impervious to facts until they grab them where it hurts, and nature is about to do that. It may take ten or fifteen years, but it is coming. I just hope there is time to change before a big tipping point arrives.

    • Ray in VT

      It would have been nice if the show could have found a scientist with knowledge of known resources and extraction methods who could speak about this.  Someone who is not connected to either energy companies, environmental organizations or either of the two major parties.  Surely such a person exists.

    • Modavations

      Knee jerk reaction ie:he’s a “righty” and thus wrong,or he’s a “lefty”and thus wrong, is the same as racism.

      • Anonymous

        Not really, we don’t chose to be born brown or pink; but we do choose weather or not to listen to facts and reconcile them with the positions we take… or not in  your case. ;^))

        • Modavations

          wheter…..Black Fang bite your daddy please

      • Anonymous

        Holtz-Eakin most often just spouts the Republican Party line, no matter how little sense it makes. He has no credibility left after taking many positions which are based in Republican fantasies.

    • Anonymous

      Completely agree with NewtonWhale. This was one of the most biased and fact-free discussions I’ve heard on On Point yet.

  • Nlpnt

    I know he’s faded into irrelevance, but I’ve wondered why Newt Gingrich didn’t invoke personal responsibility and tell people  “if you choose to live out in the sticks and drive a big gas guzzler, why should bike-riding urban dwellers bail you out from the consequences of your choices?” 

    Instead he derided the very concept of algae as a source of biofuels. People who live in moon colonies shouldn’t throw stones.

    • Patrik

      lol

    • Chris

      Newt was right about 2.50 gas. But he had the decimal point off. More like 250 in our future.

      Why do ‘mericans think they have a RIGHT to cheap gas forever.

      ‘mericans it’s called a finite resource. Jesus isn’t pouring more oil down the wells every night as you use it up driving to WalMart.

    • Anonymous

      Newt HAD to pander to the Tea Party Republican Right, which considers ANYTHING that might harm the future income of the fossil fuel industry anathema.

      He could try to paper over his previous healthcare (with Nancy Pelosi) and Climate Change positions, but to put something out there that showed he was not a puppet of the fossils would have ended his campaign right then.

  • aj

    President Roussef (Brasil) will be in the 0val office today. No doubt she will remind PrezBarryHussein about U.S. protectionist tarriffs imposed on brazilian-sugarcane-derived-ethanol enforced by U.S.Customs.

    BarryJr will respond quit nagging me Dilma! I only believe in free-trade when its shipping working-class jobs to Hanoi! I’m a mercantilist when it comes to subsidizing CornBarrons, SugarBeetDaddies, and the fascist S.Florida sugarcane lobby.

    Meanwhile, U.S. Dept of Transportation is increasing ethanol ratios per gallon of Petrol. Yankee ethanol is enviornmentally UNfriendly, overpriced, drives up food prices globally(Hatians eat mud pies for breakfast), and gums up the fuel lines in your 4X4′s.

    Its a racket people, more of the 1% embezzling your dough.

    I hope she drags him by the ear out into the budding Rose Garden and rolls him around in the dirt like an easter egg with the Secret Service looking on. Until he signs on to a free-market solution to an UncleSamBoondoggle. Beer summit anyone?

    • aj

      Call your congreswoman.

      • Anonymous

         Can’t get through… lines jammed up by lobbiests.

    • Terry Tree Tree

      We could go back to ‘oil-people’ in the White House, the VP, AND the Cabinet, that caused SO many PROBLEMS, that made their CRONIES so MUCH money?

      • Chris

        Every other president is from the oil industry.

    • ana

      So the current POTUS should be rolled “around in the dirt” to make up for generations of neglect in addressing the “oil crisis”      Your hopes are indeed  low class.

      • aj

        Yes, rolled around by the very FIRST FEMALE president of Brazil. See, I’m a progressive.What’s wrong with that?

        My ‘lower class’ status is whats due to generations of neglect and institutionalized discrimination. As for Hope.Thats for my little girl.I lost mine a long time ago sweetheart.

  • FAX68

    iOnePoint:
     
    Let us face the truth that gas prices will never go down. it is a permanent facts of life.

    • Worried for the country(MA)

       The “experts” were saying the same thing in 2008 and within 6 months they were below $1.80/gallon.

      • FAX68

        I don’t recall paying $1.80 for a gallon in 2008
        I do remember in 1998 the gas prices were $1.80

      • Terry Tree Tree

        For HOW LONG?
           A temporary drop, to help their preferred political party, with continuing rises afterward?
           Everyone that has 50,000 gallon storage tanks, would STILL have $1.80 per-gallon gas?  EXCEPT for THEFT, EVAPORATION, and other losses?

      • FAX68

        $2.97: Average price in early February 2008. That was the year that it went up to $4.00 and then back to $2.97.

        • Worried for the country(MA)

          gasbuddy keeps the historical record.

          Regular gas hit a high of $4.12/gallon in July/2008 and hit a low of $1.61 in Dec/2008.

          It was  $1.78/gallon when Obama was sworn in.

          • FAX68

            Still don’t remember buying gas at $1.78 Dec 2008
             
            Was it good for one day? LOL

          • Worried for the country(MA)

             I sure do. You can look at the chart at gasbuddy

          • TFRX

            Do economists measure trough-to-crest?

            The right seems to be fond of it when it comes to gas.

      • Anonymous

        And in the fall of 2008, the bottom fell out of the American and world economies! That meant a BIG drop in the world demand for oil and what happens when the demand for something declines? its price drops! How dumb do you think most Americans are? It takes someone with immense arrogance to think like you seem to.

  • john in danvers

    Hey, Tom, be sure to ask about record oil inventories and speculative hoarding.  The idea is the fundies have tied up oil as a proxy on global economic recovery.  

  • Worried for the country(MA)

    President Obama is clearly hostile to domestic fossil fuel energy production.  However, most of the damage (like killing Keystone) will increase prices in the future.  His policies are the gift that will keep ‘giving’ in the future.

    The primary cause of the surge in gas prices now is the weak dollar.  The weak dollar is directly related to our huge debt.  Obama’s policies have clearly contributed to the massive increase in debt under his watch.

    President Obama has been slow to adapt to massive new domestic supplies of natural gas.  The surge in natural gas supplies is a huge opportunity.  Natural gas vehicles is one opportunity to take advantage of this opportunity.  Since the federal government is the largest market for vehicles, Obama could have issued a simple executive order to mandate bi-fuel for new purchases.  This would jump start the natural gas fueling industry.  The post office is an ideal natural gas vehicle market.

    Here is the simple plan for $2.00 gas proposed by Dr. Bill Wattenburg:

    http://wattenburg.us/natgas.html

    • Anonymous

      There are three assumptions elucidated by Mr. Wattenburg that should be closely examined:

      1)  Natural gas is the only significant “alternative transportation fuel” that will be available over the [next] ten to twenty years.

      This is probably true for trucks and busses, for which the energy requirements are beyond what batteries could reasonably be developed. But the government is making an effort to develop electric storage and recharging ability for freight train use because the building of the infrastructure to support that is more easily accomplished because of the restricted locations to where tracks run.

      But most improvements of battery technology and better PV cells for rooftops will allow many to charge their cars overnight and others will be able to charge from the grid either at home or during work hours easily within 10 years.

      2)  Dual-fuel natural gas+gasoline (or ethanol) cars will suddenly be available to the general public at no increased cost. Car makers now deliver them for utilities and taxis.

      Right now, most manufacturers make their cars “dual-fuel” (gasoline+15% ethanol or ethanol up to 85%) but there are few places in the country where high-percentage ethanol is available. The same problem will occur with natural gas infrastructure. For taxis and utilities, which have their own fueling stations, the provision of natural gas is relatively easy.

      3)  The middle east oil countries know how much natural gas we have. They are terrified that we [will] start using it and less of their oil. They will bring the price of gas down to $2 a gallon and keep it there to discourage our conversion.

      The middle east countries have always been terrified that the U.S. might develop alternative energy sources and lower our demand. However, the BRIC states are increasing their use by leaps and bounds and can absorb the “extra” oil that our diminished use would create. And the middle east countries are increasing their OWN use by leaps and bounds. Saudi Arabia is currently using 3 million barrels a day and no longer has the “head room” capacity to put out enough additional oil to force prices down much. The same is or soon will be true of the other middle east countries. Mexico is having trouble increasing its output.

      In other words, the assumptions under which Mr. Wattenburg is operating are doubtful at best and probably not good for any length of time into the future.

    • Anonymous

      And what evidence do you offer for your statement, “President Obama is CLEARLY hostile …” I say that because Obama HAS ensured that well permits were granted in the Gulf of Mexico, and now even in the Arctic, where environmental concerns are as high as they come.

  • Philip Mendes

    Speculation makes up 80% of the market…thus sticking it to the consumer for the “casino like” use of the markets.

    • Worried for the country(MA)

      Evidence please?

      You know that speculation drives prices up AND DOWN.

      For every buyer, there has to be a seller.

  • MarkVII88

    What do your guests think will be the tipping point for gas prices when taxpayers, motorists, families will take action and vote out the politicians with close ties to “big oil” or those who refuse to allow regulation of oil speculation?

    • Anonymous

      That is a sixty-four million dollar question! There are those that will believe the Republican lies about why this country is still dependent on foreign oil because that has been a constant that just drilling more will “solve” our problem.

      But it seems that it is finally percolating through a lot of people’s (non-Republican) brains that maybe the “Siren’s Song” of more drilling is a lure onto the rocks of economy killing fossil fuel prices.

  • Still Here

    We have a potential bonanza in oil and natural gas in the US, offering real jobs and real energy independence.  Why is the president getting in the way? 

    • miro

      What evidence do you have that the President is in fact “getting in the way”? Gas extraction from fracking has been growing exponentially in the last 3 years. Despite the catastrophic Deepwater Horizon oil spill, drilling in the Gulf of Mexico is at an all time high. Don’t take anything you hear on Fox News at face value……..it’s a very low reliability news source.

      • Modavations

        I agree.I’m with youI get all my news from Move On and Daily Kos too.Love your painting

  • Jjk123

    In all this talk about the price of gasoline, few commentators note the simple truth that WE ARE PAYING A WAR TAX AT THE GAS PUMP.  The international oil markets are jumpy over the potential for an Israeli or US attack on Iran and speculators are responding to the war danger by driving up the price of oil.

    And ironically, the Republicans — who are trying to make a campaign issue of the price of gas — are the very ones beating the war drums that threaten our oil supplies and drive up the price of oil.

    • aj

      On the contrary. I would argue, we are paying a gas tax with the wars.

      1% of us with arms, legs, skulls, eyeballs, mental health, and life itself. The other 99% of us are paying with Uncle Sam’s American Express Platinum card.

      If Romney draws us into war with Iran…Do you think any of his 5 sons (each with their own $20million trust fund) will enlist ASAP?

      Willard spent the Vietnam war years in the on the French Riviera… Now he’s a hawk! LOL

      Only in America.

      • Chris

        No. The criminal elite make wars, not fight them.

    • Chris

      War tax? We pay a 1.2 TRILLION dollar a year war tax on the military. 

      What else are they used for but to invade countries that have oil?

  • Terry Tree Tree

    Put up a Wind-Turbine, Solar-Panel installation, or MANY of the Renewable Energy Options, and you start getting ENERGY!!
        Iranians CANNOT stop the sun and wind at your location, and ALL other U.S. locations, economically, with current technology!!
       To get energy from oil, you have to expend energy and MONEY, to search for it, expend energy and MONEY to drill for it, (remember that DRY HOLES cost the same!) expend energy and MONEY, to pump it from the ground to a tank, expend energy and MONEY to pump it from that tank to a truck, expend energy and MONEY to transport it to the railroad, expend energy and MONEY to transport it by rail to the refinery!
        ALL of this, WITHOUT ANY energy back!

    THERE’S A LOT MORE!!

  • http://gregorycamp.wordpress.com/ Greg Camp

    I don’t see a geologist listed as one of your guests.  You should have brought on someone who can discuss the facts of American and global fossil fuel supply.

    • Worried for the country(MA)

      You don’t want fact to distort the show, do you?

      • http://gregorycamp.wordpress.com/ Greg Camp

         Always.

    • Anonymous

      That wouldn’t leave room to keep the panel tipped to the right, something OP nearly always seems to manage to do.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Gas prices are back where they were before the crash of 2008 – maybe it’s just as simple as the economy coming back? And that US consumers are just competing with so many drivers across the planet for gas?

    • Anonymous

      Can’t be.  The President is preventing a recovery.

      • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

         I guess that’s why the market has gone up 5K points since he got into office. Check out Mitt’s tax  returns – he’s recovered.

    • FAX68

      hey Worried for Country said it was lower $1.80

  • Kenneth Marsh, P.D., CPP

    Issue is we have run out of CHEAP oil, on which our entire economy is based.  We need alternative energy, high speed rail, and ideally low oil price with high taxes to shift from oil to alternatives, efficiency and rail and public transportation.

    • http://gregorycamp.wordpress.com/ Greg Camp

       Personal transportation is fundamental to the American character.  If you want a solution that will work here, you’ll have to propose something that lets me drive myself.

      • Patrik

        A lot of things used to be “fundamental” to the american “character”.  You dont need an environmental destorying car for personal transportation.  Progress, buy a bicycle.

        • http://gregorycamp.wordpress.com/ Greg Camp

           I can’t ride a bicycle to the places that I want and need to go.  It’s too far.  And I’m not going to be a hippie in a commune.

        • Modavations

          In South Africa the country guys run.Wouldn’t that be healthier?

  • TFRX

    “Do you believe the president can bring down the price of gas?”

    Was this a show topic during the halcyon (sic) days of 2008 when the oilman was in the White House?

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    In 2008 to deflect blame from the Republican administration, Fox News went on endlessly how Presidents have little to no control over oil prices.

    • Anonymous

      I don’t watch Fox news, but I’m sure they must be making as sincere a claim now, during Obama’s time in office. Why, it’s the only fair and balanced thing to do.

  • Worried for the country(MA)

    Amazing.  No mention of the weak dollar.

    All major commodities are increasing rapidly due to the weak dollar. 

    Have you gone grocery shopping lately?

    • FAX68

      The dollar is weak but doesn’t necessarily can’t buy 10 items for $20.00
       
      I only spent 20 bucks this weekend.

      • Worried for the country(MA)

         I guess you didn’t buy an Easter ham.

  • Rjhill3

    Can we take Oil out of the commodities Futures Market? My understanding until 1973 it was not in that market

  • http://reinventing-america.blogspot.com/ ulTRAX

    We Need An OIL BUYERS Cartel!Free Market devotees like to believe that market outcomes (price) are set by some magical force called supply and demand. Yet in reality the mix of buyers and sellers is quite arbitrary. Change the mix and that changes the those market outcomesSeeing the insanity in the oil markets I’m reminded of a suggestion made back in 79 by Barry Commoner. Then, as now, rapid run-ups in price were in part due to concerns about supply, a far bigger problem in 79, and rampant speculation. What we need to remember is that no matter how much were told, as we were in 08, that third world demand is to blame, SPECULATION IS NOT DEMAND! We need to get the damn speculators out of the commodity markets. All they can do is distort prices, worst their position in this critical market cannot just make them parasites on the greater economy but cancerous… eventually killing it.   As for Barry Commoner, his suggestion was to create a US Oil Purchasing Agency that would act in behalf of ALL US end users. It would be an oil BUYING cartel to counter the organized suppliers in OPEC. Along with getting rid of speculations, an immediate benefit of organizing buyers would be to reduce the needless bidding up of prices by US end-users.

  • miro

    The last spike in oil prices came under Bush and was the product of speculation (remember how oil prices followed the  stock market? it’s an indication of how much loose money is out there).

    We need to penalize commodities speculation. Consumers could also send a message to the oil speculators by a national drive to reduce gas consumption by 10% in a specified week. If we band together and act collectively, we can send a message to the oil traders.

    The President does not have much direct control over oil prices it is true, but he could take a symbolic action by releasing some small quantity of oil from the national reserves in tandem with measures to curb speculation.

    Conservative demagoguery about Keystone is just that — Keystone is designed so that Texas refineries can export gasoline to the rest of the world, thereby avoiding US taxes.
    That exported oil will not help US markets appreciably.

    Energy production in the US is up from the levels of the Bush administration.

    Americans need to buy more fuel efficient cars — most of this bellyaching about gas prices is coming from people with guzzlers that get worse than 20 mpg. Blue states like Massachusetts use half the energy per capita of red states like Nebraska and Wyoming.

  • Worried for the country(MA)

    Here are some facts on the weak dollar.

    Here are some comparisons to the dollars fall since 2002 relative to other currencies by Charles Kadlec in forbes:

    - Chinese yuan, the price of oil today would be $82/barrel and gas would be $3.10

    -Euro, the price of oil would be $77, and gas $2.90

    -Japanese yen, oil $71, gas $2.75

    -Swiss Franc, price of oil $63, gas at $2.50

     

  • Chris

    Oil companies are sitting on their leases on federal lands waiting for the price to rise.

  • TyrannyOfMajority

    So come out and say you are seeking “balance” and not lower gas prices.

  • Montmartre

    The reason we went into Iraq was to capture a world class oil supply.  There had to be military-economic intelligence in the 1990′s that predicted the economic growth of China, India and other third world countries that became exporting manufacturing economies with middle class energy needs as we shipped our jobs overseas in free trade agreements. If there wasn’t this predictive intelligence in the 1990′s then there was a colossal failure of our intelligence agencies in looking ahead for potential weaknesses in our economic power.  90% of the reasons given for invading Iraq were lies.  We are going to pay for the lies for decades.

  • Chris

    Listen to this guy.

    Let’s use ALL 200 YEARS OF OIL RIGHT NOW!!!!!

    Hey, how about future generations. Don’t they get any oil???????

  • David

    I would loooooove to have a serious talk with a Republican about energy, foreign policy, the environment, etc.  The problem is, I can’t find any that don’t lie or aren’t totally deluded.  This guy Thomas Pyle is a complete joke.

  • http://gregorycamp.wordpress.com/ Greg Camp

    Ask Pyle to explain peak oil and to show that we haven’t reached it yet.  He won’t be able to do the latter, but it’ll be interesting to listen to.

  • Maciejowski12

    This industry shill apparently did not learn much from his employer about supply and demand and well depletion. Why is he even on the program? Someone with such a vested interest in making a lot of money from oil is giving such a skewed perspective. Listening to this industry rep talking about 200 years of available oil in the us shows how out of touch he is.

  • Still Here

    Please detail the net long position of speculators as opposed to positions taken by consumers and producers.  Please detail one government report citing the specific contribution of speculators to long-term oil price changes.

    Please discuss the fallacy of big oil citing oil reserve holdings by national oil companies and private companies. 
     

  • Anonymous

    Why is it that just before national elections (2004, 2008, 2012) our oil companies jack up the price of gasoline?  If (according to the New Yorker) 95% of ExxonMobil’s Citizens-United-era political contributions go to the Republican Party, how much of the price increase is due to politics?

  • Anonymous

    Please challenged this hack Pyle. Prices changed for reasons completely apart from anything Bush announced.

    Yet another version of OP’s idea of a balanced panel: one mid-streamer and two right leaners.

    • Michael Hillinger

      “Prices changed for reasons completely apart from anything Bush announced.”

      Yes, like the world-wide recession.

  • Michael Hillinger

    We do not have 200 years of oil. Most of that is in shale oil and there is no economic way to exploit that. Please don’t let him continue this lie.

    • Chris

      The dumb don’t care that it takes almost as much energy to get the oil out  as it produces. 

  • TomK in Boston

    It will be hard to have non-ideological talk on this one!

    Gas prices follow crude oil prices. There is a single world market for crude.

    1. Crude usually rises in boom times and falls in recessions, following demand.

    2. There is a “fear premium” that increases the price if there is war or threat of war in the ME.

    3. As our economy is ever more turned over to the wall st casino, gambling influences the price, too.

    4. Prices rise as the dollar falls and vice-versa.

    Right now we have a global recession and the dollar has been strong, so I think we have to look to 2. and 3. It would help if the pols would STFU about threatening Iran and we could get the casino under control.

  • Chris

    I don’t want my tax dollars (paid at a higher rate then billionaire Mitt Romney) going to subsidize oil companies.

    • Worried for the country(MA)

      I don’t want my tax dollars subsidizing Solyndra.

      • TyrannyOfMajority

        I want Chris to be the Benevolent Dictator.

      • Chris

        well China has captured the world solar production market due to the Chinese government subsidizing their companies.

        Better believe we will be kissing their ass in the future when oil is too expensive to burn up in cars.

    • http://www.facebook.com/profile.php?id=507593666 Josh DeYoung

       subsidizing the most profitable companies ever is the so stupid I cant ever comprehend it!

  • Adks12020

    Here is the huge problem with the argument of the current guest: boosting production isn’t going to force the oil companies to sell the oil to us.  They are private companies and they will sell to whomever wants to pay.  Who is that? You guessed it…the developing world.  The U.S. current exports oil to other countries while at the same time importing a large portion of the oil we consume….why is that? It’s because the oil companies can sell to who ever they want to and the president, congress, whoever, can’t force them to do otherwise.

  • http://twitter.com/JayCollier Jay Collier

    To what degree has the market itself caused the increase in costs here because US petroleum is being moved to markets with higher consumer costs where there is more profit?

  • http://www.facebook.com/profile.php?id=507593666 Josh DeYoung

     I DON”T WANT MORE Drilling. lets use renewables Oil is dead Let us move to the future already.
     

  • Witterquick

    Pyle? More like a pile of cr*p.

  • Terry Tree Tree

    HOW MANY  of the biggest oil and coal proponents live within 200 yards of a producing well, 1 mile of, and downwind of a refinery, etc? 
       They have proclaimed that it is ‘the smell of money’, so they should have lived their lives and raised their families, entertained their guests, etc…, in ‘the smell of MONEY’!!
     
    They DON’T?  BIG SURPRISE??

    • http://gregorycamp.wordpress.com/ Greg Camp

       But isn’t this true of just about every industry in the modern world?  What’s your solution?

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Why would oil companies want to do anything that would minimise their profits?

  • Roedonad

    Oil is sold on the world market and the amount of oil that could be produced in the US will never be a substantial portion of the world supply and therefore will not substantially affect the price.  BUT the additional MONEY WILL STAY WITHIN THE US (and Canada) instead of being exported outside the country especially to countries that don’t even like us and might cut us off someday.  

    • http://neilblanchard.blogspot.com/ Neil Blanchard

      Renewable energy used to generate electricity would keep ALL of the money in the local economy.  It also would not pollute.

      Neil

    • Terry Tree Tree

      HOW will Iran, or ANY other foreign country control our Wind, Solar, and other renewable energy?

      THAT’S NATIONAL ENERGY SECURITY!!!

  • FAX68

    Democrats are fighting for a new direction that includes protecting Social Security as well as making healthcare affordable, bringing down the high cost of gasoline, and making higher education more accessible for all Americans.

  • FAX68

    And as you point out, for American families who struggle every day to figure out how do they pay, we talk about gasoline prices. That throws budgets into a real problem when you have budgeted really tight.

    • Chris

      It’s their own fault for believing that low gas prices are their American given right.

      • http://reinventing-america.blogspot.com/ ulTRAX

        We have no “right” to cheap gas, but we DO have an interest in whether high prices from speculation, etc eventually crash the economy.  

    • http://twitter.com/JayCollier Jay Collier

      That is actually the balance the president needs to find. Americans who have unnecessarily chosen gas-guzzlers have to take responsibility for their decision. Unfortunately, that doesn’t sell in an election. Jimmy Carter learned that.

  • Paula Waxman

    I challenge any true investigative reporter to do their homework.  This will turn out to be another “Iranian Hostage Crisis”- remember back when the hostages could have been released early but were held in captivity longer to be released after Reagan became president? The manipulation of oil prices by the Koch companies and others is solely to place the blame of high oil prices on President Obama because sadly too many Americans will believe anything they hear.  The prices will “miraculously” come down if Mr. Romney wins- and we will all lose in the end by maintaining big oil’s huge tax credits and drilling in previously protected land.

    In addition,anyone still believing that we can drill our way out, I have a decrepid bridge to sell!

  • Strobaffa

    Hey Tom, can we please talk about some real solutions?  The President can’t influence the price of gas by increasing supply, but he CAN hammer on the transition to renewables and electric cars, etc.  We need him to get out there and hammer that message into the public. 

    • Chris

      That is not in the game plan. Really. It’s not. It was always lip service on Obama’s part. He is just as beholden to the oil companies as any Republican president.

  • Scott B

    Why is the point that there were states that the states themselves didn’t want the pipeline going through them getting lost? Obama didn’t just nix the idea on his own.  The people of the states, South Dakota most notably, didn’t want t because they don’t trust the oil biz to not threaten their environment, mainly their water supplies.

    The Oil co’s and Fox news would have you believe that the minute they get the go-ahead gas prices would start going down, as if a pipeline can be laid down like it was a matter of unspooling it from the back end of a truck. 

  • TyrannyOfMajority

    The blatant spin of the anti-fossil fuel “side” is so transparent, and will backfire in the elections. Americans reject the kind of micromanagement that is necessary to keep “our” hands off “our” energy resources.

    Its all just another step in the direction of getting us to accept greater centralized control and loss of sovereignty to the global ruling elite.

    • http://gregorycamp.wordpress.com/ Greg Camp

      Political philosophy can’t create supply.  We simply don’t have easy oil any more.

    • Anonymous

      Blahblahblahlibertyblahblahblahfreemarketblahblahblahcentralplanningblahblahglobaleliteblahblahblah…

      • TyrannyOfMajority

        Spoken like a proud central planner.  We know you don’t care, and think tyranny and sovereignty and sound money etc are all make believe ideas.

        • aj

          Blahblahblahlibertyblahblahblahfreemarketblahblahblahcentralplanningblahblahglobaleliteblahblahblah…

        • aj

          I was just teasing.

    • aj

      Blahblahblahlibertyblahblahblahfreemarketblahblahblahcentralplanningblahblahglobaleliteblahblahblah…

    • Terry Tree Tree

      I advocate cutting ALL subsidies to the oil, coal, gas, and nuclear energy sector, and subsidizing ALL viable renewables! 
         I also advocate that energy companies CLEAN UP, or PAY for clean up of their own messes BEFORE their executives can get paid!
         How much FASTER would spills be cleaned up, or PREVENTED, if the execs could NOT get paid before clean up?

  • Ellen Dibble

    Borenstein pointing to “most of us” have pension funds, which collects a lot of the profits from the oil companies, and those folks are generally more well-to-do, “but they do spend money,” which does help the economy.  Aargh!  If you own as much stock in predatory corporations you too can be part of feeding off the lower-middle class.  This approaches the basic dynamic that gave rise to slavery.  Those on top do better because those at the bottom do worse.
         Believe me, we have to address the investment in retirement funds.  It’s not enough to tell your fund manager to invest in a way that’s “socially responsible.”  They don’t get it.  Or they can’t get it.   Can’t corporations be sued if they do NOT act in predatory ways?
        How can we invest in  the Commons, in ventures that are useful to us?

  • http://neilblanchard.blogspot.com/ Neil Blanchard

    The best way to lower oil prices is to lower demand by conservation, and to switch to things like electric cars and renewable energy! :-)

    Neil

  • Jachwo

    Why doesn’t Washington regulate oil since our nation’s (military) safety depends on it?

  • 2trudells

    On June 13, 2007, FIVE years ago, On Point did a full show on the rising price of gasoline. On June 30, 2008, FOUR years ago. On Point did another full show on the rising price of gasoline. One can only guess how many other times gas prices have been covered, ad nauseum, in the shows ten and a half years on the air. Today, April 9, 2012, we have what? Yet another show on the rising price of gasoline. I wonder if we’ll get another show about the rising price of gasoline in two years? Five years? Ten years? Get a freaking clue, people.

    • Worried for the country(MA)

      Don’t your remember in 2007 and 2008?

      It was Bush’s fault!!!!

      • 2trudells

        I sense sarcasm. But it has NEVER been any presidents fault. Not Obama. Not Bush. Not any of their predecessors. It’s what the price of gas has done, almost like clockwork, for forty years. Anyone who believes that a valuable global commodity like oil is supposed to remain at a nice, comfortable, stable price, simply because we want it to, needs to wake up. If that were the case, I’m sure some of the worlds economic wunderkinds would have found a way to make it so. Instead, we get the usual gnashing of teeth and wailing to the heavens. We get the routine “GAS CRISIS,” usually on a three to four year basis, during which we all decide that the gargantuan SUV might not have been a good idea. Whoever is in the Oval Office gets all the blame, proving how stupid Americans are. In “EVERY SINGLE CASE,” despite all the domsayers and chuckleheaded morons, the price eventually came down, as it will in this case. But, when we have the next “GAS CRISIS,” as we surely will, we’ll  do the stupid dance all over again. Then it will be a new president’s fault.   

  • Terry Tree Tree

    ALL the ‘Drill, Baby, Drill’ proponents have spent ALL the time since Deepwater Horizon cleaning up the Gulf of Mexico, for FREE, because they ‘believe’ in oil?  OR have they profited from it?  OR do they just expect others to suffer for their gain?

  • Anonymous

    Want to reduce gasoline prices?  Nationalize oil companies and keep all oil produced and gasoline refined in the U.S. in the U.S. so that it is not sold on the world market at higher prices.

  • Anonymous

    I keep hearing the reference to the Market dictating the price of oil, but by some estimates, 70% of ‘the market’ are hedge funds and investment bankers that have no interest in oil other than to profit by driving the price up. Please address this issue Tom.

  • Worried for the country(MA)

    Not one mention of algae or pond scum?

  • Lost Cat 00

    Thomas Pyle got a free pass. After claiming ad nauseam that President Obama’s administration policies are responsible for increase in gas prices, when confronted about the negative externalities and non-factores environmental costs, Mr. Pyle began the recite the prayer that every believer in laissez faire knows by heart – Let the market operate. Well, it is the market that keeps the prices high, including the  ongoing speculation that so far no one has mentioned  yet.    

  • Still Here

    Heidi Heitkamp, who is seeking to replace the retiring Sen. Kent Conrad,
    D-N.D., criticized President Barack Obama for rejecting a key permit for the
    project.  Even ND Democrats know Obama is wrong again.

  • Worried for the country(MA)

    How about the removal of import restrictions on ethanol so we aren’t stuck with high priced, corn based ethanol?

  • http://gregorycamp.wordpress.com/ Greg Camp

    The caller claims that Iran is a peaceful country.  How do the guests and host avoid bursting out loud with laughter?

  • miro

    One also wonders how much of oil prices are manipulated by big players in the market and also by the oil refineries choosing to take refining capacity off-line (remember how Enron manipulated electricity prices in California by shutting down plants for “scheduled maintenance”?). 

    It might not take manipulation of a very large fraction of world markets/refinery capacity to get a speculative inflationary bubble going.

    We need taxes on speculation and oil production that rise with the price of oil. 

    Last week’s vote on eliminating tax breaks for oil companies speaks volumes about who controls the Republican Party and who in the end determines the policies of our Federal government.

  • BHA in Vermont

    If the current caller is correct that the price of gas is related to rhetoric related to Iran, Romney better listen up. He says Obama isn’t tough enough on Iran.

  • Terry Tree Tree

    Oil, coal, gas, have been subsidized for over a hundred years, and the clean-up costs of their disasters have been born by the public! 
        PAY IT ALL BACK?  With interest?
        Clean up their messes to the level that they will live in, with their families and mistresses, in perpetuity?

    NOT LIKELY!!!

  • http://www.facebook.com/profile.php?id=507593666 Josh DeYoung

    As for the struggling family argument:

    It is only going to get worse (supply and demand). The supply
    is going down on this limited resource and the demand is only going up, growing
    world population and with China and India coming into their own. Unless the oil
    companies find a way to create new oil then they only have so much longer.

    So… Why not help “Struggling families” by getting them off oil
    NOW! By having higher prices and helping grow the Future of energies like
    Solar, Wind, and many other renewables.
     

    • http://gregorycamp.wordpress.com/ Greg Camp

       What’s your transition plan?  We can’t go instantly from one to the other, so how will you get us through the change?

      • Anonymous

        Tax carbon, eliminate all energy subsidies, encourage programs to build local resiliency and local economies that are less energy intensive, establish programs for co-generation and other conservation initiatives, increase support for public transportation

        Cut useless federal spending and waste: cut military budget by 60-70% (end all wars and foreign interventions, drastically reduce foreign troop presence), end “war on drugs,” etc. Take all the wasted money and invest in building a sustainable energy system.

  • Chris

    In the next decade you are going to see Americans unable to drive 60-100 miles one way to work. 20 miles or groceries, etc.

    A sustainable suburban and rural underclass are all ready living without cars because they can’t afford them.

    This will become much much more common in the coming decade.

    • Terry Tree Tree

      Tesla Electric Cars go about 200 miles on a charge?
      Sun and Wind are FREE, and where you live?
      NO expensive transport, and vulnerable transport route?

      • Modavations

        i THOUGHT tESLA WENT BROKE

  • Rob_in_VT

    I say bring it on, let the price go up to $7-8 per gallon and maybe the masses will wake up demand more renewable solutions.

    • http://gregorycamp.wordpress.com/ Greg Camp

       And collapse the economy in the process?  You won’t like the results.

      • Rob_in_VT

        Oh yes i will. my family and friends are all growing our own food and buy what we don’t from local producers. The ones who won’t like the result are the ignorant masses who buy every new gadget put in front of them as a distraction from what really matters.

        • http://gregorycamp.wordpress.com/ Greg Camp

           Do you recall the discussion of a few days ago?  Weren’t you telling me how the Second Amendment is out of date?  The “solution” that you’re calling for would result in a civil war.

          • Anonymous

            Who would be the two sides?

  • TechPeople

    Eroi anyone? Claimed reserves that don’t exist? Subsidies paid to keep the navy sitting in the strait of hormuz – a direct subsidy for oil? Where are the geologists on this show? All we get is pie in the sky BS from “think tanks” and industry pr people. Americans need to get the point – oil is not endless, learn to deal with it or face a big fall later.

    • Chris

      Later is coming much sooner then many realize.

  • Anonymous

    Three quarters of the way through the program and not a mention of the climatic, ecological, and economic consequences of a policy which is based on extracting and vaporizing every last accessible molecule of carbon from below the earth’s surface.

  • Terry Tree Tree

    WHAT percentage of the oil products from Keystone pipeline are ALREADY sold, or promised to China, and other foreign countries?

  • AC

    I’m really surprised and confused by some of the statements made here today. very strange. just blind commentary from many, no insight at all….i always think we’re moving forward, but it’s becoming clear that is not the norm. people HATE change and will convince themselves of anything to not have to face it…

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Cheap gas prices are the middle class version of welfare – why do people think this is something they are entitled to and the government is responsible to provide it? Why does the whole idea of “let the market work” go out the window when people go to the pump?

    • Anonymous

      You won’t get a decent answer on this one, at least not from the freemarketeers. While most of them pretend to believe in the sanctity of markets, they’re also mostly conservative Republicans. As such, they must find a way to blame Obama for high gas prices. This is a claim that most of them failed to make against W. Bush when he had his gas price problems. Of course, neither president was responsible for the price of gas, but why quibble about reality? 

  • Charles A. Bowsher

    Thomas Pyle takes a childlike view of energy that would keep us in the mindset of the 50′s and 60′s that delivered us such environmental disasters as Love Canal and the Valley of the Drums.  He has so readily forgotten the incredible damage caused by the BP Oil Disaster that one has to wonder if he is a sentient being.  When the BP Oil Disaster happened all the other Gulf Rigs should have been shut down because all spill response assets were already being used.  If another accident had occurred there would have been no spill response assets available. These people that have a mono view should have no place in the discussion.

    Instead of producing all the oil available, we should be hoarding it and developing alternative energies for the future.  Never cheaper is the old guts refrain.  Republicans who shout drill baby drill and in the next breath say we need tax cuts for the wealthy are stealing resources from their children they claim they want to protect.  Time to grow up people.  Time to be an adult, check the air inflation in your tires weekly and learn to plan your trips a little more efficiently!

    Why not the Keystone?  Because it is refining Tar Sands oil which is so damaging to the environment that we should not even use it.

  • Sheryl

    As the owner of a gas station, I take issue with your commentator who glibly said that if you own a gas station, the current high prices are helpful. THEY ARE NOT. Margins on gas sales remain the same no matter what the price of gas does. High gas prices drive more people to use credit cards, and because we are charged a swipe fee plus a PERCENTAGE of the gross sale, we lose more money than we make when prices go up. I think that needs to be made crystal clear to the driving public. Just because Big Oil is making record profits, the owner of the corner gas station is not. Trust me when I say that!

    • Lost Cat 00

      Good to hear the voice of a gas station owner and about their predicaments because the unfair way big companies deal with them. I remember listening ot an NPR program reporting that most of the profits gas stations owners make come from selling indoor items (candies, soda, sandwiches, etc.)

      Sheryl, the comments you rebuking show how informed some people are regarding their surroundings.    

    • Charles A. Bowsher

      I understand that your narrow margins can sometimes cause you to lose money selling gas, but what I don’t understand is why you don’t offer cash customers a discount?

  • Abel Collins

    I can’t understand how this conversation has gotten so far without discussing the impact of speculators in the commodities futures markets. If you want to reduce prices immediately, make trading in the derivatives market transparent by shifting it to open exchanges and then kicking out the bad actors. Private equity firms acting on behalf of oil producing sovereigns and the oil companies themselves are having a huge impact on the price per barrel.

    • David

      The reason why they don’t is

      A) You can’t make buying stuff up illegal.

      B) Its entirely possible to lose as a speculator.

      C) Speculators are also capable of driving costs down. That’s what happened on July 14th 2008 when President Bush announced a release on the Presidential Oil Moratorium. Believing that new development would begin, there was a massive sell on stored inventories. Combined from a collapse of demand from china with the conclusion of the Olympics, that’s why gas prices proceeded to plummet after July.

      • Anonymous

        “You can’t make buying stuff up illegal.”

        Hell you can’t.

        Try to extract more than the legally mandated allotment of water from a river in the arid West.

         

  • Stan

    The talk right now is about the Keystone Pipeline.  This is a red herring, and I don’t know why Obama isn’t clearer about this.  The reason for the pipeline is to transport oil to the Gulf Coast in order to EXPORT it!  Thanyone who t oil is NOT destined for the US market!  It will have NO EFFECT on gas prices in the US.  Anyone who claims that it will add to our oil supply is either misinformed or lying.

  • Fmills1

    Tom,  when did you start working for FOX?   Thomas is a lobbist for the oil industry not an expert

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Liar – we have no refinery shortage – we are importing oil, refining it (using cheap natural gas), and exporting gasoline onto the work market.

  • Terry Tree Tree

    Oil wells are capped and ‘gelled’ here, that were HIGH producers!

    GREED??

  • Anonymous

    Over the last 30 years, consumption of oil has increased approximately 45%, but oil production in Saudi Arabia has only increased 20% or less. Is this because Saudi Arabia benefits from high oil prices or is it because they are hitting limits in oil production?

    • http://gregorycamp.wordpress.com/ Greg Camp

       Yes.

  • http://gregorycamp.wordpress.com/ Greg Camp

    What length of time at current usage levels could we cover with the total oil supply within our borders?

    • Terry Tree Tree

      It depends on whether the oil industry wants to RAISE PRICES?

      • http://gregorycamp.wordpress.com/ Greg Camp

        Prices have nothing to do with the total supply.  We use X amount of oil per day right now.  How many days of supply exist in America or indeed in the world?

        • David

          Assuming *no* additional discoveries, the total technically recoverable amount of oil within United States borders is 1.74 trillion. Good for about 250 years at current consumption. Under the latest surveys.

          Presently, only 20 billion of these technically recoverable resources
          are developed as full fledged reserves. Yet we use 8.3 billion barrels
          per year. Hence the disparity.

          Saudi Arabia by contrast, despite significantly less landmass, is contributing 230 billion to the world market in full formed reserves.

          In other words, we need to stop sucking up oil over there and start
          contributing more to the world market ourselves.  We are piking. We are blessed with way too many potential, yet still we pike.

          Why? 30% of the land mass is federally owned, and there are many permit issues to consider in this nation. Under Obama, federal oil development is at a nine year low. Companies are thus focused more on privately owned lands.

          Even then, over many decades, we’ve gone too far to the extreme on environmental concerns. There are well over 145 different regulations on oil alone that’s choking the industry.

          Advocating for minimal environmental impact is one thing (hence why I champion fission/fusion above all and loathe wind and solar as a mainstream proposal). But, as with taxes, there gets to be a point where you are too extreme in the either direction; where you must return to the optimum. In this case, we’ve gone too far in the environmentalist interest.

          Hydrocarbons are a ~very~ beautiful thing once you understand the chemistry, and we’re not the sloppy Oil Tycoons of the early 1900 Century. Our engineering is light years beyond that. And its still less of an impact than that over-anglicized wind.

          Besides, whether you think oil is finite or not, after 250 years I’d fully
          expect our descendents to have moved on to Fusion, Nat Gas, and Hydrogen
          fuel derived from such sources, with vehicles of varied fuel options
          that makes you choose fuel like how you choose between manual or
          automatic.

          Its time to re-optimize. Hope that answers the question.

          • Anonymous

            ^ Proven U.S. oil reserve figure (1.74 trillion bbls.) is off (over) by two orders of magnitude. 

            The “burn-it-all-up” crowd has to exaggerate to make their addictive fantasies more palatable.

    • http://reinventing-america.blogspot.com/ ulTRAX

       
      Didn’t we go through this some months back? It’s a meaningless question. We may never run out of oil if we’re willing to pay the price. If you read USGS studies oil reserves are usually determined by the price. An oil field may hold 500 billion barrels of oil but only 100 billion barrels are recoverable at $50 a barrel, 200 billion barrels at $100, 300 billion at $150… and that 500 billion at $200… that high price needed to pay for the extreme measures needed to recover that oil. Demand would slacken at $100 a barrel oil and might decline at $150 a barrel oil, and who knows what demand would be left at $200 a barrel… and without that demand, who will pay to drill?  

  • http://reinventing-america.blogspot.com/ ulTRAX

    This OP is exhibiting a shameful lack of balance in viewpoints! All we’re hearing is industry shills and the same half-truths the Right always spews…   it’s all a supply problem, it’s all demand from the 3ed world, we should not conserve or increase alternative energy, Obama is holding up Keystone, etc. I might as well be listening to Rush or Glen Beck. It’s half-truths masquerading as the whole truth.
    Why isn’t what we’re seeing a dysfunctional oil market distorted by rampant speculation as it was in 2008? Speculation is NOT demand. Such speculation is parasitic on the economy and can become cancerous… eventually killing it.   

    • Anonymous

      “Liked” despite the annoying bold type.

      • http://reinventing-america.blogspot.com/ ulTRAX

        It was supposed to be one line in bold but sometimes the manual use of HTML tags results in errors. Feel free to call it annoying if you have nothing of substance to add.

  • FAX68

    The more we got tougher with the Iranians, the more gas prices will be tougher with the American people.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    I remember the 70′s – gas lines, gas rationing – that was an oil supply shortage. We have not had an oil shortage since then.

    • Terry Tree Tree

      When oil tankers were being run into each other, to collect the insurance, because they were anchored off every port, waiting for fuel prices to be forced UP?

  • Anonymous

    If we open all US public lands to energy extraction, is most of this extraction in the form of “fracking”? If so, what is the likelihood that we will poison our groundwater, thereby leaving no usable water for drinking or crop irrigation?

    • Charles A. Bowsher

      But we’ll have plenty of “natural” gas!

      • Terry Tree Tree

        Do you know ‘beans’ about “natural gas”?

        • Charles A. Bowsher

          I know beans produce a natural gas in some of us, but it is not natural gas.

  • http://gregorycamp.wordpress.com/ Greg Camp

    Then the primary driver is?

  • BHA in Vermont

    “Drill America last” isn’t smart either. We need to start on the energy transition plan so that we can wean off oil in a economically safe fashion.

    The price of oil is only going to go up as the massive populations of India and China continue to increase their demand and the supply of oil flattens out then declines. “Drill America last” just means the US oil will be sold to the highest bidder later. If people in the USA want the oil, the will have to be the highest bidder.

  • Tpunkt

    Our progeny will think we were stupid.  Oil is good for more than just burning up!  Think plastics and other petroleum products.  Oil has a greater value to future generations that for us to burn it up. Save our US oil.

    • Chris

      They won’t only think we are stupid they will curse our names.

  • Ellen Dibble

    Borenstein on it’s all supply and demand.  So price will go up and up and up, because the world economy will sprout more cars, more factories, and more people, and the gas supply is not infinite.  

  • WW_ph15

    Bottom line is the oil companies make fortunes either way. The customer pays more no matter what. And they just want to demonize any efforts to develop renewable energy so that they keep the oil market for THEIR future profits.

  • miro

    Markets are not perfect equilibria — there are speculative bubbles that are results of mass psychology dynamics and also of determined big players. This applies to both oil and housing. In the case of housing, it was big banks and loan originators who pushed housing prices upwards.

    If oil prices were not the result of speculation, then why the HUGE spike and collapse of prices in 2008? 

  • http://gregorycamp.wordpress.com/ Greg Camp

    Ah, it’s supply and demand.  Can anyone demonstrate that we can effectively increase the supply?  The supply is a finite resource, unless someone has a lot of swamps ready for instant conversion, as in the Carboniferous Period.

    • http://reinventing-america.blogspot.com/ ulTRAX

      False dichotomy. We’re brought up to believe market prices are the result of the interplay of supply and demand… that the price outcome of these market decisions represents some economic truth as to the value of oil.  But that assumes the buyers and sellers are represent some constant in the equation when we know the mix of participants is somewhat arbitrary.

      For example we know from buying co-ops that buyers can combine they purchasing power to get a better price because individual buyers not only have less leverage, they can compete against each other and can bid up prices.

      We COULD combine the buying power of true end-users in the energy markets if the government encouraged buying co-ops, or formed a US oil purchasing agency to represent all US end-users. But that the Wall Street and their proxies in the GOP would never go along.    

  • Anonymous

    Discussion re:OPEC – if we produce more they will produce less, keeping prices up.
    https://www.npr.org/blogs/money/2012/04/02/149684373/the-real-reason-gas-costs-4-a-gallon 

  • Ellen Dibble

    I do think when gas prices go down, it’s because the spigot is opened, and the spigot is opened because car sales are in a swamp, that sort of things.  If we actually start to put up solar panels, and wire the grid so everyone can contribute to our energy supply, geothermal, wave energy, what else — then the price of oil goes down, as if to say:  Don’t Forget Us!

    • Anonymous

      ???

  • John in Vermont

    All of this is a smokescreen.  Gasoline prices are NOT tied to per barrel prices of oil.  The gas companies sell their product at whatever price the market will bear. Periodically they test that by hiking prices until demand slackens.

    Want prices to go down – stop buying so much gas.

    Also people miss that public policy makers want higher gas prices to move people out of their cars and into carpools and onto public transportation. I’ve been in many meetings where they say “It’ll take $5/gal to get people onto public transportation.”

    Your listener is correct BTW that we should reserve domestic production for the time we’ll really need it.  Why do you think China is in the world market despite having some of the largest oil and coal reserves.  They’re buying from others now, with “cheap” money and planning to use and sell their reserves when prices spike even higher.

    • TyrannyOfMajority

      Yeah but that’s China. We don’t believe in markets here.

  • http://www.facebook.com/profile.php?id=507593666 Josh DeYoung

    As the Majority of the US I say Bring on higher prices.
    all in favor say I!

    • http://gregorycamp.wordpress.com/ Greg Camp

       Nay!

    • http://gregorycamp.wordpress.com/ Greg Camp

       By the way, don’t you mean, aye?

  • Terry Tree Tree

    WHAT percentage of existing mineral leases are being actively produced?  Or are they just after a MONOPOLY of ALL minerals?

  • Anonymous

    Is it the case that the value of an oil company is based on the potential and proven reserves they hold? If so, then don’t they have an interest in gaining access to oil and gas fields (both proven and potential) on protected US lands so that they can increase their value? Conversely, if world governments were to take action to limit carbon emissions in response to global warming, would this force oil companies to write off billions of their holdings in energy reserves?

  • Phil Fitzpatrick

    The price of gas ( or  anything else ) is not the President’s business and usually should not be the business of the Federal government. Our nation never wanted a king. We had a motto that ‘the least government is the best government”.

    We started going the wrong way in 1972 (3?) when The People wanted the Federal government to lower the price of beef in supermarkets.

    It is hyper-hypocritical for any candidate who says he/she is in favor of “less government” to promise that they will lower prices of things.

    Presidents are executives who propose policy and carry out executive duties.  Legislators make laws. And The People should not whine while abandoning their responsibilities for things being tough.  This seems basic.

    • Robert Riversong

      But when the Founders established the principle of limited government, they also established the principle of limited corporate power and lifespan and the stipulation that they have a right to short-term private profit only if they serve the public good.

      We can’t have it both ways. Either it’s a constrained corporate sector with limited government, or its unrestrained corporate power and unlimited government oversight.

      • http://reinventing-america.blogspot.com/ ulTRAX

        Technically the Framers said nothing in the Constitution about corporations. It was a matter left to the states. But you’re correct they were not always trusted given the experiences with the corporations chartered by the Crown.  

  • Joe Byers

    I am concerned about the environmental impact and the lack of a true energy policy that diversifies our energy portfolio as a nation. Do not put your eggs in one basket. The same companies drill for oil and gas, it is basically a monopoly on the type of energy we use. The government has an obligation to fund viable new energy sources, wind solar, fuel cells, etc. On the environmental side, Exxon/Mobil just started to build double hulled ships after the Exxon Valdez disaster 22 years ago. Why? The Keystone Pipeline, are they using teh same pipelines for normal oil delivery? This is much more corrsovie and harder to clean up. Ofcourse the oil companies do not care. How many oil leaks occur on pipelines that we currently use in the U.S. ?
     
    Thankyou,
     
    Joseph Byers

    • Robert Riversong

      Not when the government is bought and paid for by the corporate sector. Until we kill corporate personhood and the equation of money with speech, there can be no democracy nor any sane policy in the US.

  • AlanThinks

    Tom, that was a very disappointing session – you packed it with conservatives whose heads are in the sand when it comes to the environment and alternatives to petroleum.

    • http://reinventing-america.blogspot.com/ ulTRAX

      Yes, this show was shameful.

      • Anonymous

        The Off Pointers seemed determined to not to engage the Really Big Issues at their root.

        It’s been many months now that they’ve failed to have anyone on that questions the basic assumptions of a “growth” economy that underlie nearly all the the discussion points whenever the economy come up.

        And today, and in other energy discussions, no mention of peak oil, no mention of Kunstler, no mention of the Norway approach, no comprehensive examination of global climate change…

        When they took on 9/11, it was a hack job.

        I can only conclude that it’s a willful effort of avoidance.

    • Robert Riversong

      Unlike Mike Wallace, who was the kind of media bulldog that we hear today only on the BBC, NPR hosts lob softballs, and they tend to lob them to the right.

      A 2003 FAIR study of NPR’s bias found little
      evidence has ever been presented for a left bias at NPR, and FAIR’s latest
      study gives it no support. Looking at partisan sources, Republicans outnumbered
      Democrats by more than 3 to 2.

       

      Republicans not only
      had a substantial partisan edge, individual Republicans were NPR’s most popular
      sources overall, taking the top seven spots in frequency of appearance.

       

      Representatives of
      think tanks to the right of center outnumbered those to the left of center by
      more than four to one: 62 appearances to 15. Centrist think tanks provided
      sources for 56 appearances.

      • Terry Tree Tree

        BUT, if the right-wingers keep claiming ‘left-leaning-media’, they can keep getting it FARTHER right-leaning?

  • http://www.facebook.com/people/Ellery-Tuck/100000121509965 Ellery Tuck

    Two points, First is it supply and demand.   Gingrich and his $2.50 a gallon gas is blowing smoke.   The only way in which oil prices in the US could be brought down would be if the Fed Nationalized all oil prouction, fields, lines, and plants.  In that manner, all US production could be kept in the US and not shipped overseas.  That however still does not deal with the fact that the US consumes far more oil than it produces. and our own captive oil would have to be blended with the higher priced off shore oil.   Obviously, that solution would not be acceptable to the GOP, much less anyone who believed in our free enterprise system.  Bottom line is that as world demand goes up, the price of oil will also rise.

    The solution, like it or not, is continued development of alternative forms of energy, wind, water, solar, even thermal.  Why tidal energy has not been developed is perplexing, as well as energy from the Gulf stream which flows north at 4 mph.  So many solutions, yet all we do is complain about investments in the many forms of energy available as “wasted money”   Wasted money is shipping tons of US currency overseas to the Middle East.

    Obviously, the Canadian Sands Oil is beneficial, as it does keep US dollars away from the Middle East, and in the North American Continent.

    The second point is that speculators do have an effect on the price of oil.  One such study concluded that .80 a gallon was added to the price just because of speculators driving up the prices. 

    • ana

      Thanks for an informative and thoughtful comment.
      In my travels just locally around MA, compared to even two years ago. windmills are appearing across the landscape, much to the disdain of some.  I find them beautiful and futuristic almost like works of art, a  tribute to human  creativity.  Trying  to stop wind and solar et al is like trying to push the river.  It’s time has come and will be improved upon.

      • Modavations

        Go to the Cape and take a look at the monstrosity off Rt 3 in Kingston.My opinion

  • Anonymous

    No mention of the Norway approach: limit exploitation of known oil fields (leave most of the oil in the ground), put oil revenues in a special fund, agree among all politicians not to use oil policy as a political issue.

    The political discussion of these issues in this country is so limited, short-sighted, and, at times, idiotic.

    http://www.npr.org/blogs/money/2011/09/06/140110346/how-to-avoid-the-oil-curse

    • Patrik

      That is the environment that the folks in marketing and big oil want:  Keep the masses dumb, tell them what they want/need and then supply it to them.  Having discussions and making decisions for the long-term and benefit for all just..isnt a good fit for them.

      • Anonymous

        It’s astounding to me that people don’t just fall on the floor laughing when hearing the boiled banana oil that Gingrich releases from the gaping hole in his face.

        • Robert Riversong

          Hey, don’t laugh. I run my truck on boiled banana oil.

          • Terry Tree Tree

            Newt, the ‘historian’, whose OWN description of his job, was LOBBYIEST, will provide you with a lifetime supply of ‘boiled banana oil’?

          • Modavations

            For a guy who complains about spelling,explain Lobbyiest to the class.At B.C. they taught us Lobbyist.How many languages did you say you’ve mastered?

        • TFRX

          If only every time NPR plays Newt’s $2.50 promise (like it’s not full of crap), they’d play his “colonize Mars” greatest hits.

          Anyone the Beltway Inbreds label as a “right wing man of ideas” gets far too much leeway on public radio shows where a good scornful chuckle is called for. Public radio is such a patsy for this kind of crap.

    • Alan

      Norway is a small country with a tiny population of common origin where perhaps such consensus  policies are possible. Could this really happen here?

  • http://gregorycamp.wordpress.com/ Greg Camp

     An all-of-the-above approach is a good idea right now.  We can’t instantly shift to solar and wind power, and hydrogen fusion isn’t here yet.  Clean energy technologies will require support to get them going, and we should be doing that.  A simple solution would be to shift the subsidies from oil to solar and the like.  But we can’t abandon oil today.

    • Anonymous

      The siver-bullet, techno-wonder fix, again. A magic technology will come riding in from over the horizon to save us. As if any technology doesn’t have a set of unanticipated, unintended, and, in some measure, detrimental consequences which will have to be dealt with.

      Easier to believe in that fantasy than to make the necessary infrastructural and organizational changes in existing manufacturing, settlement, and other systems that exist and were possible mostly because of cheap, fossil fuel. 

      • http://gregorycamp.wordpress.com/ Greg Camp

        Where did I say that there’s a silver bullet on the horizon?  I gave a realistic assessment of our current situation.  You, by contrast, haven’t told us how we’ll magically shift into utopia.

        • Anonymous

          All you mentioned were technologies, as if those were the only part of the problem that need to be addressed.

          The solution needs to be systemic. We have organized ourselves (transportation, food, settlement pattern, heating, etc.) the way we have based primarily because of cheap, readily available fossil fuel.

          I doubt that any mix of “renewable” (they all have problems and issues) energy sources can substitute for carbon fuels to the extent that the current infrastructure can be maintained. It’s just too energy consumptive and inefficient.

          No one want to face the fact that we’re just not going to be to live the way we have been.

          • http://gregorycamp.wordpress.com/ Greg Camp

             Our modern economy and life is dependent on energy.  Unless you want more than half the population to die off and the rest to live like peasants of two hundred or more years ago, you have to accept that we’ll get energy from somewhere.  The solution is to find it in cleaner sources and to make that transition.

  • Techpeople

    Americans are pathetically addicted to their cars. It’s laughable hearing people complain about high prices for such a valuable resource. It’s amazing that we would waste such an amazingly high energy content substance to allow people to foolishly waste it on long commutes to work and useless driving. With all the myriad useful products
    that can be manufactured from oil it’s almost criminal to waste it on heat and frivolous driving. The amount of money spent as subsidies to keep people driving is out of hand – military, road maintenance, environmental degradation, public health degradation, police enforcement of traffic… I could go on and on. We should be working with every single policy decision to cut
    consumption of this valuable resource.

    • http://gregorycamp.wordpress.com/ Greg Camp

      And your alternative to driving is what?  America is a large country.

      • Techpeople

        Um…not driving? It’s irrelevant that the united states is a big country. It’s lifestyle choices that people make to live in the suburbs in low density development patterns. Public transit becomes a lot more attractive when prices are high and driving is less convenient. Since we have chosen with every policy decision over the years to emphasize single passenger vehicle convenience, there are few options. Maybe we could change that?

        • http://gregorycamp.wordpress.com/ Greg Camp

          Sure, if you want to live in a rabbit warren.  No thanks.  Find a better solution.

          • http://reinventing-america.blogspot.com/ ulTRAX

            Greg, ALL your comments basically come down to this: we can’t do anything but more of the same. You don’t like high MPG hybrids, and you seem opposed to mass transporation.

          • http://gregorycamp.wordpress.com/ Greg Camp

             I like hybrids, but they cost $30,000 or so.  That’s out of reach for a lot of drivers.  My point is that we have no simplistic solutions.

          • Robert Riversong

            You’re right – there are no simplistic solutions. But there are simple ones – we need to live more simply.

          • mary

            first try reality

          • http://gregorycamp.wordpress.com/ Greg Camp

             Live simply?  Oh, please.  Why don’t you say, live in the eighteenth century.  That’s what you mean, no?

          • Anonymous

            North America has about twice the per capita energy consumption as Europe.

            So, yeah, i’d be willing to live at least as primitively as the all those root-grubbing and berry-foraging, weak and sickly, underfed people in Denmark, Spain, and Germany.

          • http://reinventing-america.blogspot.com/ ulTRAX

            As I wrote above… ever heard of economies of scale? Ever heard of tax credits to encourage more sales? Companies prefer to keep buyers trapped in proprietary monopolies… aka vendor lock, where they pay up the nose for replacement parts. But enforced Standardization of parts would also reduce prices. At SOME point we have to recognize that leaving things to the market is often chaotic and inefficient. We don’t like to think in these terms but sometimes the market needs some direction.

          • Techpeople

            Well Greg, if you don’t want to change your lifestyle than I don’t want to hear any complaints about high energy prices. Because right now you are getting an unbelievable deal. The only problem is that people who actually planned ahead for this eventuality will have to deal with all of the whining/complaining and possible violence when the music stops.

      • Alan in NH

        In France, they can bring large commuter train loads of workers from 200 miles outside Paris to work in Paris in an hour. Seems to me that’s an alternative to driving. Could it be we’ve bought into some false sense of independence and free will by insisting on driving in our isolated mobile cells?

  • http://reinventing-america.blogspot.com/ ulTRAX

    Time To Nationalize Big Oil?
    I tire of the talk that the US oil companies are merely players on a world market and can even sell US oil on that market. Is it time we not just looked at reigning in speculation,  creating a US Oil Buying Cartel to stop needless competition between US end-users, but also nationalizing Big Oil so it serves US interests first?

    • Robert Riversong

      I’d like to see Venezuela’s national oil company, Citgo, take over all American oil companies. They were helping low-income Americans purchase heating fuel, when the US corporations were just padding CEO bonuses.

  • Peter VE

    In a one hour long program, not one mention of Peak Oil, and the decline of EROI.  Not one mention of the rapid decline rates of the fracked wells in the Bakken.  Not one mention that total world oil production peaked in 2005, and then held about flat until a new peak in 2011.  The best way to bring down gas prices is a depression, since expansion of supply is pretty much out of the question.

    • Anonymous

      They all also pretended climate change isn’t part of the picture.

      • Robert Riversong

        You can’t see that far when you’re squinting at the bottom line.

      • Terry Tree Tree

        It’s NOT part of their profit, therefore, it’s NOT part of their picture!

    • Terry Tree Tree

      Energy Return On Investment?
        It takes almost as much energy to produce the tar sands to oil, as the oil will produce?  BEFORE transport to refinery?   BEFORE refining?   BEFORE transport to Distribution Centers?  BEFORE transport to service stations?
         WHAT will THAT do to prices?  Lower them?  HOW?

  • Terry Tree Tree

    Want LOWER fuel prices?
       Go Solar, Wind, and other renewables!
       The sun and wind are still FREE!!

    THEY’RE EVERYWHERE!!

    • http://gregorycamp.wordpress.com/ Greg Camp

      And how do we drive with wind or solar?  We have to have a solution to that question.

      • http://reinventing-america.blogspot.com/ ulTRAX

        High MPG plug-in multi-fuel hybrids.

        • http://gregorycamp.wordpress.com/ Greg Camp

          Yes, and those are far too expensive for many people.

          • http://reinventing-america.blogspot.com/ ulTRAX

            Ever heard of economies of scale? Ever heard of tax credits to encourage more sales? Companies prefer to keep buys trapped in proprietary monopolies… aka vendor lock, but enforced Standardization of parts would also reduce prices.

          • Robert Riversong

            Enforced standardization? That’s restraint of trade. Downright unAmerican.

          • http://reinventing-america.blogspot.com/ ulTRAX

            ABSOLUTE NONSENSE! We benefit from having standards EVERYWHERE… right down to your plumbing fittings and electrical outlets. We have standardized batteries, tires, gasoline, broadcast standards… etc etc. Standards keep PRICES LOW. The market approach is often chaotic and inefficient as we saw with the expensive format war of Beta vs VHS.
             

            Want to cut the prices of high-mpg cars? Take the BEST ideas of industry, pay royalties as required, and create cars with standardized parts. Leave body and interior designs to the whims of the market. This is what the government did when it designed the NTSC TV standard, and what industry did when it designed the DVD format.   

          • Anonymous

            Missed-sarcasm alert!

          • http://gregorycamp.wordpress.com/ Greg Camp

             That would be a good direction to head.  We just have to find a solution that doesn’t require us to give up who we are.

          • http://reinventing-america.blogspot.com/ ulTRAX

            You have some delusions of a mythic American identity created by auto companies back in the 50′s. That identity might have been adopted but it wasn’t handed down on a slab.

          • http://gregorycamp.wordpress.com/ Greg Camp

             Think of the pioneers crossing the plains in covered wagons.  We’ve taken our transportation into our own hands for a long time.

            Serfs stay where they’re told to stay; citizens go where they wish.

          • http://reinventing-america.blogspot.com/ ulTRAX

            You’ve constructed a false dichotomy then constructed an entire philosophy around your own mythology.

          • Modavations

            tELLHIM TO READMORE,GENIUS.c

          • http://profile.yahoo.com/PQOCSU3NJ5J6SSQBEM5YBFCPZY Jason__A

            I think that due to the leftist driven disease of PC, we no longer know who we are…..

      • TomK in Boston

        We turn them into electricity.

        Also natural gas powered vehicles are existing technology.

        The problem is that the price of oil fluctuates and interest in alternatives disappears when oil is cheap, making progress very difficult. The cycle has not changed since the 70s.  The discussion has not changed since the 70s.

        • http://gregorycamp.wordpress.com/ Greg Camp

           The technology is making progress.  Batteries are up to some decent travel range.  We just can’t leap to only electric vehicles at this moment.

          • Terry Tree Tree

            80 mpg hybrid, HOME-BUILT, in 1970′s!@8bfadd952e4c24a7831e8bf3d58641ab:disqus 
               Tesla Electric Roadster goes about 200 miles on a charge!
               The technology has BEEN HERE, Big Oil, Big Coal, and nuclear have ALWAYS ‘gotten cheaper’, when a renewable energy source looked near market!   WHY??

          • TomK in Boston

            Of course not, and nobody has ever suggested it. Decreasing our oil use by even 10% would have an effect on world demand, since we are such big consumers.

            We are in the midst of a nat gas boom which can power vehicles directly and also make electricity. Nat gas even produces less CO2/Joule than oil.

    • Caribousteaks

      Free so long as you pay for them! How naive!  The most expensive forms of energy…solar and wind.  Neither of which work 100% of the time, both of which require oil and gas derived products to exist.  Want the HIGHEST electricity rates in the world?  GO SOLAR GO WIND.  Enjoy your electric bill!

      • Terry Tree Tree

        WHAT do you pay for the sun to shine on your property?
            WHAT do you pay for the wind to blow where you are?
            WHAT do you pay for the health and pollution related problems caused by oil, coal, gas, and nuclear?

      • http://reinventing-america.blogspot.com/ ulTRAX

        What would electric power from nukes be if the private market was at work setting insurance rates. Oh, that’s right… the US government gives these nukes a backdoor subsidy through Price Anderson. And what would the price of oil be if it included the TRUE cost of our military presences in the mid-east and those occasional oil wars?

      • Alan in NH

        Then I would ask you how you suppose China is making a go of the two, and Europe has used wind power successfully for decades?

        And we have the best wind on the globe in the plain states. Look at a world wind map and you’ll see that.

  • Robert Riversong

    I’ve been dirt poor all my adult life (I’m 60 now), and the price of gasoline at the pump hurts me as much as anymore, but I’m far more concerned about the real issues that face us: irreversible climate change, the sixth great extinction of species, endless resource wars, and the inalienable right of the environment to be healthy so that it can support life on earth – including the lives of our grandchildren and theirs.

    Why don’t those issues arise in this discussion? What do we really care about? Are we really that selfish and shortsighted?

    • FAX68

      People are concern but others makes it more complicated to discuss about.

      • Modavations

        I just test drove the Lexus Hybrid.About $28,000 and 45 mpgish.It needed a bit more pep in my opinion,but it was not too bad.
        “Kob-kun Pe-chay…..That’s from the other day

    • Anonymous

      Shortsightedness is one of the primary defining characteristics of Americans. It’s why we have this same foolish conversation every three or four years. Why should we try to fix the problem of energy, a problem which effects us all in very profound ways, when we can just continue to kick the can down the road forever, or so we like to think?

    • Zing

      You might be poor because you have bought in to all the leftie views you are so concerned about.  Those views all originate in collectivist mythology and probably have held you back from realizing your true potential.  If you’re so smart, why aren’t you rich?

  • Anonymous

    Americans have been having fits over the issues of oil and gasoline since 1973. One can hardly imagine what kind of progress could have been made in the field of energy production if government, private industry, and the American people themselves had decided long ago to make a genuine effort to wean ourselves off such a volatile, unpredictable source. After all these years of sturm and drang, it’s hard to understand how so many can be so resistant to finding another way. Forty years ago it would have been too much trouble. Thirty years ago, it was too much trouble. Twenty years ago, too much trouble. For the past few years, “drill baby drill.” I can’t believe that anyone thinks mankind will be using petroleum based products as an energy source in a few hundred years, especially since there won’t BE any petroleum resources left. What will mankind do then? Simply die off? Or, will they have found another way? If so, why then and not now. Oh, I know. Too much trouble. 

  • Modavations

    Flex-fuel cars are where I’d start

  • Ufpog

    Too many people are wasting too much fuel.  Period.  I see waste every day.  Among other things, to me, this is a signal that fuel is too cheap.  People are too stupid and selfish to respond to anything but their wallets.  The planet will get the last laugh. 

  • http://profile.yahoo.com/PQOCSU3NJ5J6SSQBEM5YBFCPZY Jason__A

    I suggest that the oil in the United States belongs to the PEOPLE of the United States and NOT the oil companies.

    • Robert Riversong

      That’s downright communist. Maybe Marx was right?

      • Ufpog

        the people will just waste it…they cannot be trusted…

        • http://profile.yahoo.com/PQOCSU3NJ5J6SSQBEM5YBFCPZY Jason__A

          And corporations can be trusted?  Nonsense. Time to wake up to reality.

        • Modavations

          Reminds me of Pres.Bill……I’d give you pissants a tax cut,but you may not use that money correctly

      • http://profile.yahoo.com/PQOCSU3NJ5J6SSQBEM5YBFCPZY Jason__A

        No, not really. The oil companies can…and should…make their money from extracting and refining the oil. Taking your allegation to the extreme…should corporations own the air too? And charge us for breathing it?

        • Terry Tree Tree

          They’re already getting the ‘rights’ to the rain water?

      • Zing

        You could ask the millions who were murdered by communists…..

  • http://profile.yahoo.com/WEC76JWQPVKQPTCO2SW4ABLN7E jms

    We
    need to open all areas for drilling, especially federal lands

    • Robert Riversong

      Absolutely! Let’s drill in the National Mall (we could use the Washington Monument as a rig).

    • Anonymous

      I’d like to see some oil rigs in the Grand Canyon. Get some use out of that ditch.

      • Modavations

        I thought the Feds had closed the Canyon down.Something about 3 toed brown toads……

    • Terry Tree Tree

      Drill in YOUR yard?  Within 200 feet of your house?  Pump endlessly?  YOU get NO royalties, or compensation?   JUST the satisfaction that the NOISE , SMELL, and DANGER, are providing some executive another yatch?

  • Robert Riversong

    Another topic that doesn’t get discussed by economists is the myth that “what’s good for Exxon is good for the US”.

    Sure, drill-baby-drill would put more money into segments of the US economy – those segments that are already too rich and powerful and that use their profits to “rent” Congress and to propagate anti-science climate change denial.

    As long as corporations are people with the “right” to buy influence, that’s not who our public policies should be enriching.

    • Worried for the country(MA)

      Tell that to the workers who benefit from domestic production.

      • Patrik

        What were they doing during the horse n buggy age?

        • Worried for the country(MA)

          Shoveling horse crap.

  • Ufpog

    every day I see people sitting in cars large and small, running the engine so that they can have air conditioning or whatever other appliances their vehicle may be servicing.  I see this if it is 60 degrees outside or if it is 85 degrees outside.  Does not matter.  Yesterday, someone sitting in the grocery store parking lot with a book and the engine running.  Every day I see this and it is wrong.  How lazy and dumb we have become.  We need $9 gasoline just to get people to pay a little bit of attention. But this will not work politically, people will not allow it.  Sad, isn’t it?

    • FAX68

      My co-worker is the same thing she hangs out in her car at lunch time and Idle the car for an hour. What a selfish little brat. it is very sad

      • aj

        LOL

        • FAX68

          The very sad part she’s drives a V6 truck. I am not sure what she’s doing inside her truck but my God. Why on earth you waste gas for nothing.

          • aj

            Maybe its biodiesel, and she’s fishbowling the cab with a spliff.

            Why don’t you call shotgun, and join her? I would.

          • FAX68

            Actually even our VP sees her every lunch time and he also scratches his head in amazement. VP and I talked about it.

          • aj

            Snitch :)

          • Modavations

            Fax isn’t a snitch.My opinion

          • FAX68

            Nope never snitch. VP see her all the time.

          • aj

            Got it.

          • Modavations

            Moi Aussi

      • Worried for the country(MA)

        Yeah, and I can’t believe the President flying the 747 all over the country for campaign events and fund raisers.  What a waste of oil!!!!  

      • Worried for the country(MA)

         Obama sends 25 secret service agents to Mexico so his daughter can enjoy spring break.

        What a waste of oil.

        Is he a selfish brat too?

        • FAX68

          He used it for campaign not just Idle the plane for an hour without doing anything.
          that’s the main difference.

          • Worried for the country(MA)

             No, the main difference is your co-worker is spending her own money and the President is spending OUR money.

            I drive a hybrid and it saves gas even at red lights and heavy traffic.  My primary motivation for buying a hybrid was not economics but energy security.  Each individual needs to make their own choice.

          • Modavations

            I remember when Pres.Bill closed LA Ex,while he had his hair done.

          • Terry Tree Tree

            I raised cane about THAT!

          • Modavations

            who cares

        • Terry Tree Tree

          How many Secret Service agents accompanied the Bush twins on their underage drinking and drug runs?  Or were involved in finding them, then protecting their law-breaking butts?

          • FAX68

            For Real!!!!

          • Modavations

            Pres. Bush has over 100 agents,to this day.So do all the ex Prezzys

        • FAX68

          The arguement is inconclusive
          i didn’t say anything to my co-worker it’s her right to destroy her engine and idle her car. The President using the Air Force One to campaign Like any other president before him.
           
          Will tell Hillary Clinton to stop visiting other countries because she’s wasting tax payers money by using a plane to go around the world. Did you ever complaint about the 2 Bush, Clinton or Reagan because they used Air Force One.
           
          Your Hybrid does not save a lot of gas. Don’t lie because my friend still complaint about his Honda Insight.

          • Worried for the country(MA)

            I don’t know about the Insight but my Toyota Camry Hybrid has been working great since 2006.  38mpg in the winter and 42mgp in the summer with a mix of city and hwy.

            I have a friend who has a 2010 Prius and he gets about 60mpg without trying too hard.

        • FAX68

          At least they never went to JAIL like the Bush’s daughter did.

    • Worried for the country(MA)

      I see you agree with Secretary Chu that we should have gas prices like Europe.

      Sad isn’t it?

      However, I agree that waste is unnecessary.  Higher prices aren’t the solution, especially in this economy.  High gas prices is a regressive form of taxation.

  • Anonymous

    People, people. Why are we wasting our time with this? When the price of gas comes back down to what many consider a reasonable level, we’ll all forget about it for three or four years, until the next time the big bad government fails to keep a lid on things.

  • aj

    Leon Panetta, Secretary of Defense, takes a military jet from D.C. to his home in California and back, every single weekend. In other words, he commutes cross country on the taxpayers dime, not to mention the amount of jet fuel that is consumed.

    And yet everyone was up in arms about the head of the General Service’s Administration splurging on on the penthouse in Vegas for an annual junket.

    The Panetta thing is scandelous right?

    • Chris

      Yes. Panetta is a military industrial complex, oil industry whore. Who could guess.

      • aj

        Thanks, I knew it wasn’t just me.

      • Modavations

        Make a point please.

    • Modavations

      I f you were one of these tough guys despots,would you quake or laugh,when  negotiating with Leon an Hillary.I’d show em the door and kick their rumps on the way.

  • FAX68

    iOnePoint:
     
    When the US government sent marines to the island of Basilan after the 9/11 attack. The biggest problem of the Philippine Army was to clean all the trash that the American troops left in the island. Like plastic water bottles, papers and oil from the trucks. One of commander was just scratching his from the trash the you guys left.

    • FAX68

      He said: “I have been on this island for decades and I never seen a lot of trash in my life. he even mentioned Why on earth throwing all those left overs food from the US camps. I should have pick them up and gave to the people on the other side of the fence, but what can I do they won’t let me”.

  • aj

    Or does the military-industrial complex chief get a pass with the Mainstream media? Even though the Pentagon is the #1 emitter of carbon on the planet!
    @8bfadd952e4c24a7831e8bf3d58641ab:disqus 
    Remember Fox News, ” Fair, Balanced, and Unafraid!”

    • aj

      I have np idea how the word Patrick ended up in my comment. Disregard it. Stupid Disqus!

      • Patrik

        folks just love my name, what can I say

        • aj

          LOL. Honest to God, I have no idea how that happened? Disqus has a mind of its own, I swear.

      • Modavations

        There is another Patrick,but he’s a clone of this Patrik.I’ve confused them myselves

  • Modavations

    When Pres.Bush left office gas was 1.89 a gallon.The left found this scurrilous.Now the LA Times is writing that everyone’s accepted high gas prices,it’s cool……..

    • http://reinventing-america.blogspot.com/ ulTRAX

      I don’t remember anyone who didn’t like gas prices to come down from $4 a gallon to $2.xx. Have a credible source this was some mainstream liberal or leftist view?

      So what’s your suggestion? Obama should implode the economy like Bush did to lower gas prices?  

      • http://reinventing-america.blogspot.com/ ulTRAX

        Ah gee… never mind. I should have looked to who I was responding to and not just the idiocy written. Moda doesn’t know what a credible source or could he understand it if he found one. 

        • Modavations

          What prison are you in,I’ll send some cake and smokes

        • Anonymous

          Did you know that you and I are the same person. Just ask the our friend above. He sure am smart.

          • http://reinventing-america.blogspot.com/ ulTRAX

            Learn something every day! Moda’s obsession with me is for repeatedly showing him to be On Point’s resident Village Idiot.

          • Anonymous

            Dumbo doesn’t need any help making his idiocy plain to see. All he has to do is log in and the stupidity flows from the hambone he has for a brain.

          • Modavations

            Feet meet Ultrax.I now pronounce you man and wife.

          • Anonymous

            Ultrax, meet Tampax, aka Modavations, the little pussyboy who thinks the mean bullies are picking on him.

          • Modavations

            You two should marry,a match made in heaven.

      • Modavations

        drill baby drill

  • FAX68

    It is not only gas that Americans waste so much even These:
    http://www.youtube.com/watch?v=0HlFP-PMW6E

  • Modavations

    Hmmmm,
              We have Ultrax,Terry TT,Robert River,Greylee Howard,Feet to Fire……Did the empty Bellvue again?

    • Terry Tree Tree

      In your self-revealed ‘chemical-adjusted’ mind?
          Your self-proclaimed history leaves many questions to the effects of your past on your mind?

      • Modavations

        How’s the movie coming?

    • Anonymous

       It won’t be empty until they let you out.

    • Anonymous

      Aren’t you the paranoid schitz-head that spent a week telling me that I was Ulrax? So much for your powers of perception.

      • aj

        2 Nil. You on fire feet!

      • http://reinventing-america.blogspot.com/ ulTRAX

        Moda once wrote: “So for the twentieth time,eating lead paint didn’t get me sick,rolling mercury in our hands didn’t get us sick…”

        Ya right!

        • Terry Tree Tree

          He’s WAY past the twentieth, into the imaginary zillions and kazillions!

      • Modavations

        Twins seperated at birth.

        • Anonymous

          Perhaps some remedial spelling lessons would help with your reading comprehension problem.

          • Modavations

            Which language?

          • Anonymous

            Earth.

    • Anonymous

      ^ Please flag the troll.

  • Modavations

    I take it you’ve all heard about the kid trying to vote as Eric Holder????Why would a political party have a problem with voters proving who they are.Shenanigans perhaps????

  • Modavations

    You’d have to cover three mid west states in Windmills, to produce the juice of one good deep water well.

    • Anonymous

      False.

      • Modavations

        C-span,,,,,,,,,,but thanks for an answer without invective and shorter then “War and Peace”

        • Anonymous

          Oh, there’ll be plenty of invective to come. Have no fear about that. Keep trying and I’m sure you’ll conquer that paragragh problem someday. And wrap your tiny demented mind around this. Wind is forever. Deep water wells aren’t.

          • aj

            Point.

            As in, 1 nil, Feet. 

          • Modavations

            Now that’s more like it!!!!!

          • Anonymous

            And it’s lots of fun, too. 

          • Modavations

            Being a bullyboy,hiding behind anonymity and college kid invective.!!!

          • Anonymous

            Hey, stupid. See if your addled brain can recall who cast the first stone today. Something about bellvue, I believe. Are you really such a little pussy that you can initiate the hard feelings between us with a comment like that, and expect to be taken seriously when you complain about invective and bullying?I’m not a bully. You’re a whimp. Learn the difference. 

          • Modavations

            Wimp,wimpy,wimp out,wimpish.Wasn’t someone complaining about Spelling????

          • Anonymous

            Don’t you ever get tired of being wrong? Whimp is the root of the word “whimper,”jackass.

        • http://reinventing-america.blogspot.com/ ulTRAX

          As usual, you don’t know how to cite a credible source so we can judge it for ourselves. Just WHEN on CSPAN? They could have been merely covering some idiot Right winger on a book tour.

          • Modavations

            Why bother.I’ll just wait till you get out of jail and you can check your file on me.That oil kid was a member of the Texas Fed.Reserve and one of the sharpest dressers I’ve ever seen.A true renaissance man.Two mideast states,3 mid east states,You got the point and in fact,filed it.How thick is my dossier by the way?

          • aj

            lol. Like the ghost of J.Edgar. Too funny.

          • Modavations

            That brings back fond memories……I liked “I am Spartacus”

          • http://reinventing-america.blogspot.com/ ulTRAX

            TRANSLATION: Moda can’t prove his info comes from a credible source and is trying a pathetic deflection.

        • http://reinventing-america.blogspot.com/ ulTRAX

          As I predicted… Moda is intellectually incapable of discerning reality from his own delusions. Last January he was claiming a different source and that it would take two, not three mid-west states:
           
          Modavations:  
          Two years ago I saw a guy on Washington Journal.He developed(you know those wells that Soros and Fidel are drilling 90 miles from Miami)deep water oil wells.He said you’d have to cover 2 midwest states in Windmills to get the equivalent to his one well.

          • aj

             LOL.

          • Modavations

            I looked in your file and there was only one entry.It referred to the time I asked you if you were a Communist.Your reply was the “chirping of crickets”.What % did you say we should be taxed at?.Wasn’t it 90%.Explain to the class why the first of the great Trickle Down Presidents,JFK lowered the tax rates????What didn’t Pres.Obama let the Bush taxes expire.Does he,like JFK, think taxes effect the economy???

          • http://reinventing-america.blogspot.com/ ulTRAX

            More lapses with reality Moda? I’m on record saying I don’t believe taxes should be more than 50%. But I also said those high taxes of 70-90% prove the Right wrong when they say high taxes on the rich hurts the economy. As for JFK… I proved that the 1964 tax cuts did NOT increase revenue. The Orwellian Right dishonestly claims revenue from 3 tax HIKES between 64 and 69.

            Any more false accusations?   

          • Modavations

            I proved,i FRIGGIN PROVED!!!!.You have no crediblity..Daily Kos and Move On are more reliable.Check this guys posts from around Thanksgiving.Keep a pail next to the computer as you may have an urge to vomit.

          • Anonymous

            Friggin???? That’s a word teenage hookers use.

          • Modavations

            I wouldn’t know,but will cewrtainly defer to an expert.

          • Anonymous

            Cewrtainly???

          • http://reinventing-america.blogspot.com/ ulTRAX

            Oh, that’s right… you’ve never had any use for any hard facts that disturb your delusional state. Anyone with an IQ over 73 can see though the Right’s false revenue claims after the so-called JFK tax cuts. The Right knows it’s lying… and they know it pays off because idiots like you repeat the lies as truth.    

          • aj

            Wow, very substantive stuff. Impressive.

            Plus tax cuts are really Keynesian anyway? And when you hit full capacity employment, raise taxes back up, build a surplus, to invest and spend when the business cycles trends back down.

            “Elementary my dear Watson”

            Friday’s jobs report crashed the rally in stocks. Buy on the dip? Or sell before the freefall?

          • Modavations

            Half these crashes are sharks setting up Pigeons.Beware,it’s a Machievellian World

      • http://reinventing-america.blogspot.com/ ulTRAX

        I see you’ve meet the resident Village Idiot!

        • Modavations

          Didn’t you swear you’d never return to NPR during your “on air”mental meltdown.?I looked up the word “never”in my dictionary of leftist “gobble de gook”.It says 5 or 6 months,or until the audience forgets how nuts you really are.

          • http://reinventing-america.blogspot.com/ ulTRAX

            I have no idea what you’re babbling about except that you accused half the board of being me. That and some sick troll sucked you into what denying what must be a secret sex fantasy of yours. The break down was yours… just as when you demanded people come to Boston to look at your tax returns. Yikes!  

          • Modavations

            I pay more in taxes then you make

          • http://reinventing-america.blogspot.com/ ulTRAX

            That pathological insecurity of yours hasn’t changed. Still need to come here pretending you’re educated and rich? ROTF!

          • Anonymous

            Educated? He doesn’t even know the difference between the words “then” and “than.” I think I learned that by the fourth grade. He must have got into B.C. with a special dispensation for pin-heads.

    • AC

      you could have knocked me over – but Texas is the number 1 state in the country trully investing in alternative energy – (wind farms specifically) –

      • Modavations

        They closed em all down.Inefficient and costly

        • Terry Tree Tree

          That why Germany has 29,000?

          • Terry Tree Tree

            How many in the Netherlands?

        • http://reinventing-america.blogspot.com/ ulTRAX

          Have a credible source?

          Didn’t think so.

          • Modavations

            I love this kid.He posits a question and answers it for me.After 6 months in the clink couldn’t you come up with something new.You’ve used that one 50 thousand times on me alone..
            Didn’t Think So,Poopsie,genius.New material please.Tell you what.Disappear for another 6 months and I’ll write you a new routine

          • AC

            Where/what is a ‘clink’?

          • aj

            Netflix, “One flew over the cuckoo’s nest” starring the Jack.

          • Terry Tree Tree

            Slang for jail or prison.

          • Modavations

            jail

          • AC

            Also, it’s true ! I was surprised myself but many older washed up oil towns are experiencing a little boon because of it! They’re lucky, MA is not ideal for wind farms-only off shore ones & no one wants to pay for a transmission line :(

          • Anonymous

            Please don’t confuse dumbo with facts. He’ll just make up “facts” of his own in response. Then he’ll move on to an entirely different issue when someone points out his error. The only reasonable thing to do with the clown is to make merciless fun of his dementia. You’ll soon learn that it can be a very rewarding experience.

          • Modavations

            How many times do I get to hook you in one day?.Too bad you’re inedible.I have to continually toss you back in the pond and viola,I’ve hooked you again.

          • Anonymous

            I may be inedible, but you can bite me.

          • Terry Tree Tree

            Getting ‘limp-wristed’ again?  Wanting to eat ‘Feet’. 

          • http://reinventing-america.blogspot.com/ ulTRAX

            TRANSLATION from Modaspew, he doesn’t care if what he believes is true and doesn’t care how much of an arse he’s made of himself here the last year.

            Why didn’t you just SAY so???

          • Modavations

            Here we go again.You posit the question,then answer for me.Are you a communist.Does the state own my kids?

          • Modavations

            Not only are Texas Windfarms a failure,Mexico had to sell Texas some of their excess juice.Ah,pay this no mind,it will go in one ear and out the other,as usual

          • http://reinventing-america.blogspot.com/ ulTRAX

            Have a credible source? Do you even know what the term “credible” means? Didn’t think so.

      • http://reinventing-america.blogspot.com/ ulTRAX

        Moda is pulling numbers from his butt. Last January he was claiming it was two states… next month it will be four. And he’s provided two different sources… none that can be verified.

  • Marc

    This is not a liberal/conservative issue, it is a plutocrat issue. Commodity speculation is what is causing the high price of gas. Nothing else. Greed and plutocracy. Senate Bill Would Force Emergency Action to Cut Gas Prices – Newsroom: Bernie Sanders – U.S. Senator for Vermont

  • Marc
    • Modavations

      If it’s B.Sanders,please spare us!!!!

      • Anonymous

        On Point forum Garbage Time has officially started.

        • Modavations

          Loosen your panties please

          • Terry Tree Tree

            Moda’s going perverted again?  Still?

          • Modavations

            Terry are you are male or female.A few weeks ago some lady asked the same question.

  • FAX68

    A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.

    • Terry Tree Tree

      Oil executive pay and benefits?  Cost of oil ‘consultants’, oil lobbyiests, excuse me Newt, ‘historians’?

      • Modavations

        The Greedy Greedies.

        • Terry Tree Tree

          Moda finally ‘gets’ one idea?

          • Modavations

            That’s a joke son.You know 4 things
            1.Bush did it
            2.The Greedy Greeeeedies did it
            3.The Pervert Priests did it
            4.I’m a Volunteer fire fighter and the junkies stole my hoses.Next time you and Ultrax are in Bellvue together, develop some new material

          • Terry Tree Tree

            WOW!  Moda remembered 4 things correctly. 

            1.  Bush ‘W’, took the U.S. into an EXPENSIVE war, for bogus reasons.
            2.  The GREEDY GREEDIES have caused most of the problems, for their own ‘profit’.
            3.  The pervert priests have been exposed for ‘doing it’ to THOUSANDS of innocent children, which you evidently think is alright!
            4.  I AM a Volunteer Fire-Fighter, and the junkies DID steal VFD hoses, gas, equipment, ALL of which cuts our abilities to save LIVES and property!
               Have YOU ever done anything for your fellow man, WITHOUT demanding something in return?
               You just peddle pretty rocks?
               Just SELFISH, like the GREEDY rich?

  • Modavations

    500 million was just alotted to the IRS to make sure you buy Obamacare.It was done out of the regular funding channel.What would the left say if the govt.demanded we all buy guns???

    • FAX68

      Modavation try test driving the Hyundai Hybrid Veloster starting at $17,000 a 6 speed manual or automatic transmissions. 165 horsepower a bang for your buck or try the Hyundai Genesis Coupe.
       
      Shrimp paste and watercress

      • FAX68
      • FAX68

        The 2012 Lexus CT 200h it has only 135 horsepower. I won’t recommend that HP for a hybrid car.

        • aj

          The good thing about hybrids is, regardless of top end horsepower, the torque on acceleration is instantly at the wheels, because its an electric drive motor. Instead of gas, which takes 6 or 7 seconds to get going.

          Instead of 0 to 60 in 7 seconds, the hybrids do 0 to 30 instantly. Does that make sense?

          • FAX68

            if you a racing a 1/4 mile but you are not. you are using it for everyday use. trust me iI nstall High performance car parts on my car.

          • aj

            That’s tru.

          • http://pulse.yahoo.com/_C2STBLZJK4VKQBV27DVQX3I6CU FAX68

            I drive a 2001 Ford  ZX2. I will put 200 hp on it soon. it has 140 hp now. 

          • aj

            cold-air intake, KNN air filter, Royal Purple 5w20, high-flow exhaust, computer chip,… that’ll get you to a buck90.

            Stick?

          • Modavations

            Always a stick

          • aj

            Yep.

          • Modavations

            AJ, I’m telling you …..It didn’t have the pep.

          • aj

            When your right, your right. Hondas are easy to boost though…so I hear.

          • Modavations

            I live in crime free Belmont ma..I can leave the doors unlocked.

          • aj

            Just autolock the garage door and your set.

        • Modavations

          That was my problem.It didn’t have the pep.

      • aj

        First, your trying to sell him a Made-in-America/Designed-in-Korea motor vehicle, like your getting a commision.

        Next, your ordering Dim sum.

        You crack me up FAX.

        • FAX68

          there is nothing funny about me telling the truth. Aren’t you sick and tired of Japanese cars?
          I am that’s why I am buying American made cars for now on.

          • aj

            No, don’t get me wrong. Nothing wrong with newer Hyundai’s. I wasn’t laughing at that. Who am I to laugh, I’ll walk 50 blocks if I have to. 

            Have you ever crammed in the back seat of a Yugo with 2 brothers? I have, now that’s something to laugh at.  

            I was laughing, that after you made your case for the Hyundai. You added,

            “Shrimp paste and watercress”

            LOL.
            WTF?

          • http://pulse.yahoo.com/_C2STBLZJK4VKQBV27DVQX3I6CU FAX68

            ohhh because Mod mentioned some Filipino veggies on his previous post. so i added some shrimp paste and watercress

          • Modavations

            That was Thai I was speaking.It mean’t Thanks Bro”.I don’t speak a word of filipino,but thought you would know Thai?

          • Modavations

            Never seen black guys(I take it that’s your reference to brothers) in a Yugo.Get a photo,we can get rich

          • aj

            That was years ago. I bet someone’s fridgerator is made out of that old fine bit of Eastern Bloc engineering. haha. 

      • Modavations

        My car salesman pals say buy only Toyota or Honda.I’ll pass along your thoughts and tell you what they say.I asked about a Nissan and they said are you deaf?????Toyota and Honda only 

        • http://pulse.yahoo.com/_C2STBLZJK4VKQBV27DVQX3I6CU FAX68

          Mod just try test driving the 2 cars I mentioned it won’t hurt your wallet just don’t be hypnotize by the car dealer.

          • Modavations

            I’m a salesman.It’s hard for a saleman to bamboozle another salesman

          • http://reinventing-america.blogspot.com/ ulTRAX

            Yet you’re constantly taken in by anything the salesmen of the Orwellian Right are peddling.

            So much for your theory. If you were half as smart as you claim you are you’d have a functioning crap detector. Clearly you don’t.   

          • aj

            You on him like a lockjawed pitbull. No offense.

          • Modavations

            You’ve seen nothing.About 9:00 he’s drunk as a skunk and swinging from the chandeliers

          • http://reinventing-america.blogspot.com/ ulTRAX

            Moda thinks anything he writes is a  devestating rebuttal when it’s just empty spew.

          • Modavations

            I find the inflection,the fake patois, to be racist

          • Modavations

            Not Orwell again.Please,,,,,,,,,,,,,he hated guys like you.It’s the Ultrax’s of the world he indicts.Remember Animal Farm….All animal are equal but some more so.Three guesses where Orwell would think Ultrax belongs.After 6 months in an asylum,surely you’d have the time to develop new material

      • FAX68

        Car salesman don’t know anything about cars they just Sell to earn commission.
         
        If you ask him about CVT or Dumpers he/she won’t even know what you are talking about. Toyota and Honda Hybrid has 98 to 120 horsepower my daughter’s RC is faster than that.

        • Modavations

          Now Now.These guys are car freaks.One of my pals owns and drives a “Snap On” tool truck.I am,however,going to run it by them

    • JSon5

      Actually the government of some small town north of Atlanta did decree that everyone must carry a gun at one time in the eighties, it seemed to put a real damper on crime with no ill effects. Personally I carry a 10mm with black talons just in case I meet up with someone with your opinions who is stupid enough to open their mouth in my presence.

      • Modavations

        That slug moves so slow I can turn sideways and watch it pass.Mighty violent threat there lad.Now address my point please

        • Terry Tree Tree

          MORE movie DELUSIONS?

          • Modavations

            1100 feet per second.How many kids did you molest this week?.

          • Terry Tree Tree

            I don’t molest children!  I’m NOT a priest! 
               YOU have given MUCH reason on here for people to see you as a molesting pervert?

  • Pingback: Latest Oil And Gas Projects News « News « Blog « OGZones

  • leftofcenter

    The ONLY way people are going to change is if gas goes to at least Eurpoean levels (roughly $8 a gallon). Why? Because many still believe that just because of who we are that alone means we must have the biggest and the best. Even if there are riots in the streets because of high prices, Obama can now legally stop that with martial law. Are you still going to vote for him?

  • JSon5

    The truth about gas: Ten dollars a gallon by 2015, twenty if the US disengages.

    • Modavations

      The truth about gas prices after Pres.Obama says he’s gonna drill baby drill ….$1.50 PER GALLON

      • http://reinventing-america.blogspot.com/ ulTRAX

        And this is “the truth” why? You’re back to your one-variable “thinking” you use when dealing with budgets. This is a multi-variable problem with supply, demand, and speculation distorting market prices. There may even be price fixing if Big Oil believes they can get rid of Obama by causing consumer resentment.

        • Modavations

          When Bush made his move,oil crashed.Put more supply then demand into the equation and viola.This time I say hold the oil reserves and Drill baby drill.Let me introduce you to Feet On,you too were made for each other

          • http://reinventing-america.blogspot.com/ ulTRAX

            More empty claims Moda? PROVE IT! You’ve presented no dates or causal relationship. I can just as easily claim it was Congress’s threat in late July 08 to act against oil speculators that did the trick. The Energy Markets Emergency Act of 2008 came close to passing except for the GOP.

            It could be that Wall Street banks suddenly needed liquidity and pulled their money out of the commodity markets.

            Your problem is you don’t care what happened. You’re just determined to keep your right wing delusions alive.

          • Modavations

            Just look it up in my dossier.This guy keeps files on us all.

          • http://reinventing-america.blogspot.com/ ulTRAX

            TRANSLATION from Modaspew: He can’t prove his claim yet neither will he question or retract it.

          • Modavations

            Oil per barrel in May 2008 is 130.00ish a barrel.Oil in Dec 2008,about 40 per barrel.Now for the 20th time time,are you a Communist?How do you feel about the 90 million they butchered in this century?Just asking.

          • Anonymous

            Wow. Now you don’t even know how to tell the centuries apart. I stand in awe of your razor sharp mind.

          • http://reinventing-america.blogspot.com/ ulTRAX

            WTF does that prove? YOU claimed Bush did something and gas prices magically fell. We’re still all waiting but it’s obvious from your answer you have none.

          • Gregg

            Bush messed up plenty but he dang sure did something about gas prices.

          • http://reinventing-america.blogspot.com/ ulTRAX

            I know you feel compelled to support the local Village Idiot. but pray tell Gregggg… just what did Bush do and when?

    • Terry Tree Tree

      VERY likely!!

  • http://www.facebook.com/people/Bill-Kenkel/418529 Bill Kenkel

    Please take this Tom Pyle character off the radio, his blithe dissemination of such dangerous lies can only be described as evil.

    • Modavations

      Free Speech son.

      • http://reinventing-america.blogspot.com/ ulTRAX

        Typical Moda… believes his favorite lies deserve equal time with the truth.

        • Modavations

          I think I remember you saying in November that you were leaving NPR ,never to be seen again.How’s your Ultricks website.This is a professional hacker,although he says his bizz went bust.Your politics are as bankrupt as your business.Ultrax says we should be taxed at 90%.Do you believe the State owns our children?

          • http://reinventing-america.blogspot.com/ ulTRAX

            Suffering even more delusions and lapses with reality Moda? I never said my business ventures weren’t doing well. You must be thinking of your own pathetic shop. After all, we KNOW you don’t make much money… despite pretending you’re half-ass rich.   

          • Modavations

            Use some new material.Any second now, I’ll be “genius and “poopsie”.How is prison food anyways

      • Anonymous

        Freedom of speech applies to matters of government involvement, not radio programing. I know it would be a task of Herculean proportions for a numbskull like you, but maybe you could read the Constitution of the United States before you pretend to understand what it means.

        • Modavations

          NPR is govt.radio and political speech is what the Forefathers spoke of.In fact the, made it the first ammendment.

          Numbskull…..Please talk tho TRFX,he’s getting help for his Tourettes.

          • Anonymous

            NPR is a corporation which receives some government funding, just like many other individuals and industries. If you think it is government radio, then you’re an even bigger moron than I had thought possible. The first ammendment declares that government shall not infringe on the right to free speech. That’s GOVERNMENT, not radio stations , magazines, or any other form of media. They can all choose whomever they wish to provide a forum for their ideas. Or not, if they so choose. I’d suggest a reading of the constitution again, but I realize now that the act of turning a few pages in order to get some information would set your wee little head to spinning. 

          • Modavations

            You wanna hear a pig squeal????Deny NPR the public funds.I take you know Koch brothers are one of NPR’s big boys.I don’t read anything over a paragraph

          • Anonymous

            What a spot-on response.

          • Modavations

            And it comes in under a paragraph

          • Anonymous

             No. That IS a paragraph, doofus.

          • Modavations

            Are the coctails kicking in?

          • Anonymous

            I would have thought a DICK-head like you would at least know how to spell the word “COCKtail.” No surprise, I guess.

          • Terry Tree Tree

            Moda has said MANY times he doesn’t read ANYTHING over a paragraph?

          • aj

            That’s why, feet don’t use paragraphs. Plus it reminds him of biblical text.

            Though, Moda’s quip about shorter than War&Peace was somewhat hilarious.

            Tolstoy was the man, but I never read a page. I saw the film version starring miss Audrey Hepburn.

            Hmm mm. She’s so fine, she make me wanna slap my mama!
            Good Lord.

            P.S. How you been Terry. Glad to see ya, I hope it’s not because the Pope is on vacation, therefore you have some downtime? Is it?

          • Modavations

            I’d rather eat cyanide then read it again.

          • Anonymous

            Please do.

          • Terry Tree Tree

            OR learn to spell?

          • http://reinventing-america.blogspot.com/ ulTRAX

            So as you’ve grown, your tastes have matured from lead paint to cyanide?
             

          • Modavations

            Did you pick up that CD by Mr.Gong(Super Heavy)?I suffer from Reggaematosis.Recommend some current C.D.s please

          • Terry Tree Tree

            Thanks, aj.  I’m ok.  Had work.  Meetings.  Rescues. Fires.  Still giving the Roman Child-Molesters and Child-Abusers a chance to mend their ways.  OR admit they are just HYPOCRITES.

          • Modavations

            I skimmed.I could have written that speel in 3 sentences.

          • Anonymous

            That’s why most of what you write is incoherrent babble. Only dim-witted dopes think complex issues can be effectively discussed in soundbytes. And the word is “spiel.” Remember, to the smart people, spelling counts.

          • Modavations

            You answer me even in your dreams,so just how incoherent am I?

          • Anonymous

            You could’t have written that “spiel”(please note spelling.) You’re too stupid to even know what it means. You’re the goon who thinks NPR is government radio. My snot is smarter than you. 

          • Anonymous

            Two whole paragraghs. Good for you, Tampax.

  • Miss Adventure

    I have read that supply is up and demand is down and that oil companies have ships loaded with oil just sitting off shore.  Could it be that it’s the oil companies that are causing a rise in price at the pump by slowly releasing the oil thereby causing a false sense that supply is low?  

    • Modavations

      no

      • Gregg

        Well said.

        • Modavations

          What Up General……It would have taken Ultrax and Mr.Feet 3 paragraphs to say that

          • Anonymous

            Wrong again, Tampax. It would have taken me even fewer than the two words Gregg used, since very little of what you have ever written has been “well said.”

    • Terry Tree Tree

      Like they did in the late 70′s and early 80′s?  People saw them, coming into any port or airport.
         ‘Coincidentally’, oil ships were involved in an ‘accident’ almost every week, sometimes running into each other.  For the insurance?  Because some of the rust-buckets were about to sink?  To drive UP prices?

  • Ed Allard

    WE ARE EXPORTING A LOT OF GASOLINE EVERY DAY -
    Brockwell says gasoline exports, on a four week average, are now running 600,000 barrels a day compared to 200,000 barrels per day a year ago. He says this is the equivalent of three of the largest refineries in the US exporting most of their gasoline production.
    “Instinctively, I understand the API not wanting the American public to know so much is exported and tied to high prices,” he says.

  • FAX68

    Wall Street once again is on Speculative trading.
     
    Speculate about low employment rate, speculate on gas prices and speculate everything that will gain profit on their side.

  • thegreengrass

    It’s a shame they didn’t take the opportunity to talk about how we were supposed to be using gas taxes to fix our infrastructure, and how this obsession with cheap gas means there’s no end in sight to how horribly crumbling our roads and bridges are.

    • Zing

      Public employees come before infrastructure, rat boy

      • Still Here

        You don’t expect them to have to pay for their Viagra do ya?

      • thegreengrass

        lol, rat boy. i like it.

      • Modavations

        Rat Boy….That’s the best one of the day.Take a bow Mr.Zing

    • Gregg

       What the heck was the “stimulus” bill for?

      • http://reinventing-america.blogspot.com/ ulTRAX

        As usual Greggg…. when it comes to reality, you get a failing grade. And just what percentage of the Stimulus went to infrastructure ? Ah gee, it was only 14%…. 111 of 787 billion. More went to propping up revenue starved states… you know, like all those GOP states that pretended they didn’t want the money then bragged how they somehow balanced their budgets.

        https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

        • Gregg

          100 billion here, 100 billion there and pretty soon you’re talking about real money.

          • http://reinventing-america.blogspot.com/ ulTRAX

            TRANSLATION from Gregggg Speak: He can’t prove his point, refuses to admit that, and thinks some smart-ass reply will suffice. Ya, maybe in a 3ed grade school yard. 

          • Modavations

            100 billion here,100 billion there.Pretty soon we’re talking real money

          • Gregg

             Except to a liberal.

          • http://reinventing-america.blogspot.com/ ulTRAX

            Hey, I’m the deficit/debt hard liner here… I’m not the one who wanted to see 2.9 TRILLION pissed away on interest during the Bush years or to have an irresponsible tax cut that prevented debt paydown. Take some goddamn responsibility Gregggg for support the fiscal irresponsibility of the GOP.

            The point is YOU made a claim that the Stimulus was supposed to deal with all infrastructure issues when you clearly don’t have a clue what our infrastructure needs are or what percentage of the Stimulus went to infrastructure.

        • Modavations

          Hey Freak Show,I forgot to tell you.Dr. Berman was on Npr,(you were still in Bellvue)and said  Medicare fraud and theft could be as high as 130Billion per annum.Ring a bell poopsie.I thought not,Einstein

          How do you like my Ultrax impersonation? 

          • Terry Tree Tree

            ulTRAX spells MUCH better!  ulTRAX has MUCH better sentence structure, than our most common mercury muncher, that claims to have attended college.

  • Still Here

    Please detail the net long position of speculators as opposed to positions taken by consumers and producers. Please detail one government report citing the specific contribution of speculators to long-term oil price changes.
    Please discuss the fallacy of big oil citing oil reserve holdings by national oil companies and private companies.

  • TomK in Boston

    Interesting thing is that gasoline prices are up despite the Obama drilling boom. US oil production is growing for the first time in many years. It’s not surprising to me that the price doesn’t fall as a result, since there is a world market for oil and to influence the price you have to impact total world supply, and we are a very small part of that. OTOH we are a big part of total world demand, so conservation in the USA is much more powerful than drilling in the USA.

    In the bigger picture I do think the crude price has to come down due to global recession, despite the gamblers and iran war posturing. If we or israel are really crazy enough to attack iran, you’ll be yearning for the good old days of $4 gas. Even tho US production can’t have a big impact on price, the growth of our oil (and nat gas) production under President Obama is remarkable. Look at this chart of employment in the O&G biz. Amazing, especially with employment so bleak in other areas.http://talkingpointsmemo.com/images/oil-and-gas.png

    • William

      The drilling is on private land and despite Obama’s best efforts it has been very successful. His failed “green energy” policies have produced nothing but a massive fraud on the taxpayers.

      • TomK in Boston

        Are you a human or a script endlessly repeating  official talking points?

      • Anonymous

        The only fraud being perpetrated here is the notion that our energy salvation lies in petroleum. Been there. Done that. Game almost over. Time to get SERIOUS about another way. Unless, of course, we only care about our own immediate needs and the four hundred million people who’ll be living in this country in less than twenty five years can go to Hell.

    • Gregg

      Are you one who poo-pooed John McCain’s “Drill Here, Drill Now” plan because even if we did the oil would not come on line for years? “Obama drilling boom”, that’s silly.

    • Worried for the country(MA)

      Obama’s drilling boom?

      That is hilarious. A bit over the top in the spin category, even for you Tom. 

      • TomK in Boston

        Well, Obama is president and oil production is up and nat gas production is up. Aren’t those plain facts? Looks like the muslim socialist hasn’t done too much damage, huh?

        I know the righty clones (not you, Worried) have their script for explaining it away. They’re programmed to say “but it’s all on private land”. They all parrot this script without fail. They’re good little bots. The truth is that if production was down they’d be screaming about that, and when it’s up they explain it away. The same approach applies to everything. If the market goes down, it’s Obama. If it goes up, it wd be up more except for Obama. They are 100% predictable and contribute nothing to a discussion.

        Another fact remains, which is that more US oil production is nice but it won’t impact the world oil price since we don’t have enough share or world production. So we’ll still be paying the world price for “our” oil, even tho its a good thing that the $ stay in the USA.

  • Modavations

    WRKO is running clips about the  spoof on  Green Energy,during the GSA Convention.What do they know that we don’t?.I think gas jumped another 8cents last week.I just paid $4.20 for hi test in Boston 

    • Zing

      I pay that for mid in CNY for my GP…what’s your ride that needs prem…don’t make me jealous

  • aj

    Gregg, its official, this March was the hottest it’s ever been. The National Academy ran the numbers. Are you gonna quibble with the math?

    They pay 3x per liter of Petro in Europe, that we do here. Jim Hansen says tax carbon and reimburse 90% of us with the dividend. That’s free market incentives, are you in Gregg?

    For our grandkids, and theirs…

    What do you say Gregg? You’ll get it back in a dividend. It’s past time for a Carbon tax.

    • Gregg

      AJ, it’s really cool to miss the last 500 comments and still see my name evoked right up top. Thanks.

      When you say “this March was the hottest it’s ever been” where are you referring to? Global average? Okay, I’ll take your word for it. But by “ever” do you mean “ever”? Or the last 200 years? Or the last 1000? Or the last 100 million? Or billion? My understanding is there has been no statistically significant warming since 1995. I’m fairly confident on that.

      Although my carbon footprint is extremely low I do not favor a carbon tax.

    • Gregg

      I looked into it, it’s US temperature. China just had it’s coldest winter on record. Alaska broke cold records in Jan. C’mon AJ, you can do better than that. Don’t let the doom and gloomers freak you out. It’s all good.

      • Modavations

        Picky,picky,picky

      • aj

        Yeah, that’s what I meant to say, the hottest march in the US, in recorded history. approx 200 years.

        I think your helping me prove my point. That’s why they had to change it from ‘global warming’ to ‘climate change’. Meaning the greenhouse effect is not abnormal warming everywhere; though the overall trend in temp will increase especially at poles leading to sea levels rising; but rather climate becomes more volatile.

        Evident in China’s coldest on , Alaska sets Jan last winter was most snow in NYC breaking , this March was hottest on . See my point! We’re breaking records left and right.

        So lets come together in the aisle and agree on a bipartisan carbon tax on par with the Federal republic of Germania. You’ll get all the money back in a dividend from IRS. Its all about incentives.

        So I’ll put you down as a sponsor for the carbon tax bill, and look forward to giving you a fancy pen at the signing ceremony. Thanks Gregg!

  • aj

    We need to be at 350 ppm.  We’re at 392ppm and rising. Another Obama betrayal. I can’t believe you partisan liberals are going to vote for this scrub?

    Jimmy Carter is still eligible for another term in office? Just a thought.

  • Michele

    How do the pundits know how much oil is under Federal land?  The calculations behind so-called proven reserves are hocus-pocus. The calculations are typically based on the NGS reserve calcs from the early 20th century and are based on the geology of Texas.  The geology of each areas impacts reserve quantities and accessibility – this impacts calculations the world over.  (See the North Sea proven reserve calculations and their very early depletion). Moreover, the Saudis will not disclose their calculation methodology or open their books so that there is a clear picture of how much oil is left.  We’re clinging to the shipwreck as it goes down.

    The Keystone pipeline is shale oil. Shale oil is dirty, and the unrefined yields are low, then the refined yield is even smaller.  The amount of energy required to drill and refine the oil is huge.

    Additionally, the Drill-Baby-Drill types always gloss over the environmental impacts of drilling for small yields. And that we predicate a large amount of our economy (durable goods, oil production, etc) on a NON-Renewable resource.  Sheer Folly!

    • William

      If there is not much oil under Federal lands then just let the companies lease that land and see what they find.

  • Wm. James from Missouri
  • http://twitter.com/missesvincent missesvincent

    Could someone please speak to Matt Taillbi’s article in Rollingstone on Goldman Sachs.  It suggested that their ability to bet on oil, a commodity, has had a significant effect on the price of oil and made the usual supply versus demand determination of price irrelevant.  It would be interesting if this was accurate, because drilling/not drilling wouldn’t be the main issue, but rather not letting oil be traded in the manner it is now.

  • Wm. James from Missouri

    Once again I would like to recommend a Federal Lottery. Among the things this lottery could do would be to commit the money generated from the lottery to Specific Projects. Such as, vehicles that meet bold new energy goals. Payable to companies that actually produce and hit  sales and price targets.

    The X Prize offered by Dr. Peter H. Diamandis is a noble attempt, but in a Trillion Dollar industry a million dollar prize is much to small. We need to think in terms of billions.

    PS. It is untrue to say that a President can do little to affect great technological change. I just gave you one ! I would be happy to give the people who rule me more ideas, but it seems that the American people don’t mean much to the rich and powerful. So sad, isn’t it ?

  • http://twitter.com/milobium Milobium

    These guys actually believe their own BS.  Step outside and see record temps, 350ppm and rich folks gettin richer. I am almost ready to just start walkin

  • Bob

    I was on my commute home so I wasn’t able to comment on the previous guest.  If profit is a function of what you charge less your costs the only way your profits go up without charging more is if your costs are less or your demand rises.  To the extent that demand has remained relatively constant and perhaps even less domestically, how can he argue that there isn’t price inflation?  His rationale is that there aren’t inventory stocking up but that is a function of elasticity rather than market price.  What we see is that we have a dependency on oil and thus we will pay essentially whatever it takes- to the extent it doesn’t make a major impact on rent, food, etc.- in order to fulfill our oil and gas needs.  This makes it a function of markets but it doesn’t make it good for the end user or in many ways moral.  It is the same rationale for saying paying people 10 cents a day in harsh conditions is OK because if it wasn’t then people wouldn’t work- which is essentially us exploiting poor labor to the nth degree.

  • Bob

    He also failed to really address the question about $10 dollars now.  The real issue that he went around is the present value of costs associated with the usage of our reserves.  He used an argument suggesting that we want the $10 dollars now, instead of addressing the $10 dollars now has a future cost of, for example, $20 dollars.  That is the issue the caller was trying to address by talking about America last and the relatively low cost of domestic oil at the moment.  To not address this issue is assuming that oil will last forever which is not a realistic assumption.  Taking our oil and putting it into the world market right now at $100 has less return than waiting until oil is $200 due to diminishing supply.  So sad that he has a voice and couldn’t address the callers in a direct realistic manner 

  • Daniel S Brasier

    Having lived in Europe for nearly a decade as an American abroad, I have to say that America will not take energy consumption seriously until it hurts. Sad fact, but until that happens we won’t change. Expensive gas? I say tax it to get us out of debt while forcing required and healthy change in our society. Time to grow up folks!

    • Anonymous

      Americans want what they want, when they want it, and how they want it. If they can’t have it exactly as they want it, they’ll blame anyone they can think of, usually someone of the opposite party. Someday, in the not too distant future, we’ll be down to the last five or ten years worth of oil and, like a bunch of pea-brained dolts, we’ll look around and say, “Huh? Wha’ happened. How could our incompetent government have failed to prepare us for this doom?” My only regret is that I won’t be around to laugh. 

    • Sam Walworth

      I totally agree with you Daniel.

      I was born and raised outside USA, and have lived in Europe for sometime, it amazes me that none of our politicians nor the people in general have no plans/thoughts for traffic congestion 10 or 20 years from now.

      No effecient road / traffic patterns (Lights adjusting to traffic flow) or effecient routing of public transportation (no parking lots along bus stops etc), and above all no plans for CNG/Natural Gas as an alternate fuel.

      I just wonder whats happening.

      God Bless us all ..

      • Anonymous

        Apparently, planning for future energy needs is something only stupid lefty pinkos think is a good idea. “Drill baby drill” is the philosophy that is in vogue today. You know, the same kind of philosophy that has prevented us from getting serious about energy for forty years. This, despite the fact that we wet our pants over energy costs every three to five years, weeping and moaning about the ineffectiveness of government to provide us with that never-ending supply of good, cheap gasoline. We are the foolish cry babies the rest of the world knows us to be.

    • Wm. James from Missouri

      I don’t quite agree Daniel and Sam, though I share your concerns. I have been following this oil situation since the oil embargo in the 70’s. It is very personal to me. If not for these oil manipulators I would have been retired by now with a nice pension. These people have cost me and my family a small fortune and quite a lot of grief. I do try to invest in various companies from time to time to do my part. Having said this I would like to recommend that you check out a company call Solar Roadways in Idaho. They have a superb idea. There is much room for growth and variation on this idea, also.

      http://www.solarroadways.com/main.html

      As far as traffic and traffic lights go, you will have to realize that any grand solution to these type of problems will require faster computers, better algorithms and ( the ultimate ) a solution in the affirmative to the famous math problem known as P = NP ( polynomial versus non-deterministic polynomial). If this problem were ever solved in the affirmative our entire technological world would be advance significantly, overnight ! This event would be almost equivalent to the invention of numbers themselves.

      Once again, I hope you will check out Aptera’s 200 plus mile per gallon car !

  • Mpaul47

    Mr Borenstein maintained that the world price of oil is determined by supply and demand, yet during an 18 month period from Jan 18, 2007 to Jul 11, 2008 the price of oil increased from $49.90 to $147.50 while the world supply slightly increased and world demand declined slightly.   In mid 2009, research at Rice University showed daily paper oil trades at the New York Mercantile Exchange during this period were 7 times greater than the actual oil used.   That was just one exchange, and most of the trading is not done by producers or consumers.   The world price of oil is set by financial speculators.

    • Guest

      I have a hard time believing that ANYONE really thinks that the price of oil is determined by supply and demand.  Ever heard of OPEC?  It has been held out as one of the very few examples of an oligopoly for decades now.  And while there are other producers now (Canada, Russia etc), the example still stands because they still control most of the oil worldwide.  Remember when the price of phone service dropped precipitiously when the Bells were broken up…same thing.

      Whoever wrote that and I have to admit I haven’t seen the original comment probably doesn’t believe in market failures and subscribes to the myth of trickle down economics….

      • http://reinventing-america.blogspot.com/ ulTRAX

        We Need An OIL BUYERS Cartel!
        Free Market devotees like to believe that market outcomes (price) are set by some magical force called supply and demand. Yet in reality the mix of buyers and sellers is quite arbitrary. Change the mix and that changes the those market outcomes. Remove speculators and the only ones interested in oil are the true end-users.Free Market devotees like to believe that market outcomes (price) are set by some magical force called supply and demand. Yet in reality the mix of buyers and sellers is quite arbitrary. Change the mix and that changes the those market outcomes. Remove speculators and the only ones interested in oil are the true end-users.But speculation is only part of the problem. The oil market is unnatural in that prices are distorted by OPEC, a supplier’s cartel that can manipulate prices by restricting supply. To make matters worse, true end-users are not organized. Combining purchasing power is a common tactic use to wrangle lower prices from suppliers. It also cuts down on unnecessary bidding up of prices. This is critical in the oil and other commodity markets because speculators can become parasitic middlemen in these transactions… contributing nothing of value but extracting money from the economy. If the prices go up enough they can bring economies down.

        There’s no reason buyers cartels cannot be created in world oil markets. If the US can’t encourage the formation of a private oil buyers cartel for US end-users, the government can create a purchasing agency to represent them. This was a suggestion made back in 79 by Barry Commoner. Then, as now, rapid run-ups in price were in large part due to concerns about a limited supply, a far bigger problem in 79 than now where

        • http://reinventing-america.blogspot.com/ ulTRAX

          My apologies for the sloppy editing. Let’s try that again:

          We Need An OIL BUYERS Cartel!

          Free Market devotees like to believe that market outcomes (price) are set by some magical force called supply and demand. Yet in reality the mix of buyers and sellers is quite arbitrary. Change the mix and that changes the those market outcomes. Remove speculators and the only ones interested in oil are the true end-users.
          But speculation is only part of the problem. The oil market is unnatural in that prices are distorted by OPEC, a supplier’s cartel that can manipulate prices by restricting supply. To make matters worse, true end-users are not organized. Combining purchasing power is a common tactic use to wrangle lower prices from suppliers. It also cuts down on unnecessary bidding up of prices. This is critical in the oil and other commodity markets because speculators can become parasitic middlemen in these transactions… contributing nothing of value but extracting money from the economy. If the prices go up enough they can bring economies down.

          There’s no reason buyers cartels cannot be created in world oil markets. If the US can’t encourage the formation of a private oil buyers cartel for US end-users, the government can create a purchasing agency to represent them. This was a suggestion made back in 79 by Barry Commoner. Then, as now, rapid run-ups in price were in large part due to concerns about a limited supply, a far bigger problem in 79 than now where supply is adequate and we just worry about disruptions. 

    • Gregg

      But aren’t they ultimately speculating on future supply and demand?

      • http://reinventing-america.blogspot.com/ ulTRAX

        This isn’t rocket science Greggg… when speculators enter the market with a few hundred billion to toss around, they put upward pressure on prices… more so if a Goldman Sachs is planning a pump and dump scam… and back in spring 08 GS was talking up oil prices saying they might hit $200 a barrel.
        Repeat after me: SPECULATION IS NOT DEMAND. Speculators can only distort market prices.  

        • Gregg

          Who said speculation is demand? “Is” is a big word what with all it’s definitions. Ask your hero. Is your position big money can be thrown around willy nilly with zero consideration to supply or demand? I mean “pressure” is cool but in the end it’s no match for supply and demand.

          • http://reinventing-america.blogspot.com/ ulTRAX

             Maybe if speculation made up some tiny percentage of a market you might be correct. But that’s NOT the case in the oil markets where over 2/3 of transactions are NOT end users.
            What is the “premium” Wall Street extracts from us? The St Louis Fed believes it was perhaps 15% back in 08. http://research.stlouisfed.org/publications/es/article/9179If gas then was $4.00 a gallon, then 60 cents of each gallon went to speculators… and a 15 gallon fill up that cost $60… Wall Street would be extracting $9 from our wallets each time. Do we get anything for that money? Does it build our roads? Help our economy? Actually, there’s a pretty good correlation between oil price spikes and economic RECESSIONS:http://research.stlouisfed.org/fred2/series/OILPRICEYou can cling to your doctrinaire Right wing views that anything the market does is inherently wise and desirable. But it’s a naive and dangerous view. If YOU want to make such voluntarily contributions to Wall Street… feel free. But as a nation we should not let these parasites feed on us or our economy.

          • http://reinventing-america.blogspot.com/ ulTRAX

            Who says speculation is demand? All those news reports that always conflate anything that goes on in these markets as “demand” and all those who blame India and China for increased demand… as if that demand collapsed in Sept 08.

  • Modavations

    I fondly remember the day I met Ultrax……It went something like this
    Ultran….I know who you are and where you live.I know how much money you make…
    Moda….If you ever call me,ever approach me,or cause property damage I,’ll call the Police.

    • http://reinventing-america.blogspot.com/ ulTRAX

      Such were the thanks I got for telling a web moron it was NOT smart to give out identifiable personal information on line. 

      • Modavations

        So Mr Ultrax,for the 6th time….Do you consider yourself a Communist and how do you feel about the 90 Million they murdered in the last certury?.

        • Anonymous

          Last century? Look at that. You actually learned something. And I actually helped. Who would’a thunk it?

          • Modavations

            Did you understand the point?If not,I’ll try again.

        • http://reinventing-america.blogspot.com/ ulTRAX

           
          Hey Einstein, I have a blog you can wade through. When you find something “communistic” there… post a comment there and please stop disrupting discussions here.
           

          • Modavations

            Let’s start with your 90% tax rate and move on to your Nationalization of the oil industry.As for reading your blog,I’m not a glutton for punishment.How many people read you other then your mums?Tell the class why JFK dropped the tax rates?.Why did Pres.Obama extend the Bush tax cuts????

          • http://reinventing-america.blogspot.com/ ulTRAX

             
            Moda, do you have ANY concept of why this forum is even here? IT’S TO DISCUSS THE TOPIC OF THE SHOW! You treat these forums like they’re a place for your moronic verbal diarrhea.

  • Modavations

    Mr Tree Tree,Tesla never made a penny and Elon says he’s broke

    • Terry Tree Tree

      Over a thousand Tesla Roadsters sold, at $109,000, per car, that will out-accelerate, and go FASTER, than a $365,000 Lamborghini Gallardo, impresses ME. 
         Tesla Motors is still in business?  Going to make and sell a seven-seater sedan?
         Mr. Musk could have done far less, with his Pay Pal money?

      • Modavations

        If Terry is bullish,I’m gonna short the stock.He’s been wrong about everything he’s ever posted.How’s the movie coming?

  • Modavations

    Mr.Tree Tree.How exactly did the Rockefellers make their fortunes?.Tell the class the party affiliation of Jay R…..

  • Modavations

    Poor Mr.Ultrax….He finally gets out of Bellvue and finds fierce competition between Feet on Fire and Mr Riversong as NPR’s most boorish.Yesterday they posted the equivalent of Crime and Punishment.Strip away the hate speech and teenage invective and we’re left with “Playboy of the Western World”.Mr.Feet,after expending his  “intellectual ammo”, reverts to the to the old”Moda can’t even spell routine.Mr.Feet it’s not “WHIMP”,it’s “WIMP”.
    Terry(The Man Man From Nambla)who is always out of ideas, says “Moda can’t even spell”.Terry I believe it’s “Lobbyist,not “Lobbyiest.

    • Anonymous

      Careful now, Tampax. That’s two paragraphs two days in a row.

      • Modavations

        I heard you and Ultrax had a great first date.I understand he’s persuaded you to keep a dossier on all the posters.Fact or fiction?.And please don’t call me Whimpy or Whimpish.I note you refer to spotting.Isn’t that what Tampax is for?How old are you?

    • Terry Tree Tree

      Thanks, I’ll try to remember that spelling.  You have had the same mistakes pointed out MANY times, and continue to make them!

      • Modavations

        Who cares.

    • http://reinventing-america.blogspot.com/ ulTRAX

      I could have written that in a few words: you’re a classic braindead dittohead who’s determined to believe in your own delusions with NO regard to reality. Now, have anything intelligent to add to the topic? Didn’t think so.

      • Modavations

        I love ya kid.You posit a question and answer for me.Remember,keep my replies to under a paragraph.For the seventh time,are you a Communist and what do you think of the 90 million tghey murdered? .I will not presume to answer for you,so let it rip

        • http://reinventing-america.blogspot.com/ ulTRAX

          You can answer your own OFF-TOPIC question by reading my blog for ANY evidence I’m a “Communist”. Knock yourself out Einstein. Oh, that’s right… your lead paint and mercury diet as a kid has left you with the attention span of a gnat and you can’t read or comprehend anything that’s not written for a 3ed grader.

          • Modavations

            Why did JFK lower the tax rates?.Why did Obama extend the Bush tax cuts????Explain your idea about 90% tax rates,explain your rational for the Nationalization of OIL.I’m so glad you got around to calling me Einstein,now call me Poopsie.By the way,no need to highlight.Hey,I’ve heard the food in Bellvue is decent.What say ye?

  • Modavations

    Terry,Terry,Terry.The kid calls me a Tampax repeatedly and you’re upset with me.

  • Modavations

    This is just the first pages entry of Feet on Fire in his attempt at lofty verse.He describes me  as….Dick-he-d,Tampax,Doofus,incoherent babble,dim witted dope,stupid,goon,snot,moron,wee little head,numbskull.As I’ve said this is just page 1

    • Anonymous

       Please, please. No need to thank me. I try to contribute where I can. Thank you for your kind recognition of my efforts.

  • http://reinventing-america.blogspot.com/ ulTRAX

    The GOP claims Keystone XL oil will reduce oil and gas prices in the US. But when it came to passing an amendment to GUARANTEE Keystone oil would not be used for export… the GOP voted AGAINST it. In the House 230 Republicans voted NO and 164 Dems voted yes.  

    http://clerk.house.gov/evs/2012/roll056.xml

    http://thinkprogress.org/climate/2012/02/22/430234/bought-by-big-oil-house-gop-vote-against-keeping-keystone-xl-oil-in-america/

  • Tim E

    Why did Thomas Pyle sound like a big oil stooge?  He’s going to have to do better than that to sound convincing.  He didn’t address Severin Borenstein points; he hit his talking points.

  • Terry Tree Tree

    WHINING for the poor, destitute oil company executives?

  • Pingback: Lowering gas prices by Marjorie Arons-Barron | richardhowe.com

  • Peter

    Opportunity vs. Fairness is a losing fight for Dems.

    Most Americans, regardless of difficult economic times, are not yet so fully dependent and have not yet fully internalized the entitlement mentality, that they are going to go down the “fairness” utopian rabbit hole.

    You don’t have to support the corrupt 2-party financial elite to understand the long term benefits and sustainability, of liberty and opportunity, in the broad sense, vs a Centrally Managed Welfare State.

  • fa daf

    THE PRICE OF OIL GAS DIESEL – THE REAL REASONS.

    AN ORGANIZED RIPPING OFF THE CITIZENS OF THE WORLD BY US GOVERNMENT / EUROPEAN GOVERNMENT / ARAB GOVERNMENTS.

     

    The
    raise of IRAN an Islamic republic is challenge to ARAB kingdoms. The Raise of
    IRAN in ASIA should have been watched with alarm by Asian powers like India,
    China. But these giants are ignoring the developments in IRAN and do not see
    these developments as a threat.

     

    But the
    western governments, western media are going full blast against the threat from
    IRAN. To fight this threat, to minimize this threat, To counter this threat – the
    money should come from people who feels threatened.

     

    USA and
    Europe cannot be threatened by IRAN. Even if Iran makes a missile and a Nuclear
    bomb, guiding this package in thin air across continents is not possible.
    Except USA and Russia no COUNTRY  can do
    this guidance in real life with out the GPS of USA / Russia..   Existence of Israel cannot be threatened by
    IRAN since there is no vested interest to sustain a hate campaign in both
    countries.

     

    The
    real threat, if at all there is  threat
    is to Arab kingdoms. The wiki leaks and the imprisonment of a whistle blower by
    US. Federal government is the proof.  The
    cases against Assange in western courts is an added evidence of the secret plan
    to ROB the citizens of west and rest of the world also with higher GAS prices.

     

    Saudi
    rulers is on record instructing the President of USA to cut the head of the
    snake. A snake which is very far away from Europe and USA needs to be killed to
    safe guard Arab Kings by republican USA. Someone has to pay the cost to the
    contract killers.

     

    The
    plan devised and propagated is Block the sale of Iran oil. Iran will become
    weak with no oil money and will not make nuclear bomb. The plan on the hidden
    paper is when Iran oil is blocked from market, the oil prices will raise even
    double. The extra income can be paid for the military machine manufacturing and
    fighting forces of west. So in short rob the western citizens to pay for the
    military machine both fighting and manufacturing, pay under the table the
    criminal politicians of west IN SWISS BANK ACCOUNTS for raising the Iran threat in high pitch.

     

    Instead
    of all the failed UN resolution and European Sanctions, all these western
    leaders have to tell Arabs, very rich Arabs like Qatar, Kuwait , Saudi  is produce more oil and sell them at US$ 30 a
    barrel to crush IRAN . At US$ 100 a barrel oil IRAN is a nuclear threat, at US$
    30 a Barrel oil Iran is near Somalia in economy.

     

    Members
    of D A F F A ( Democracy And Freedom For All) were willing to travel to
    USA to join the campaign against war, enlighten the citizens of a good plan,
    however the Obama administration refused VISA , indicating US can only export
    democracy and no one is allowed to import or re export democracy into USA .

     

    WE
    PEOPLE OF WORLD REQUEST THE GAS USERS LIKE YOU TO IMPRESS UPON THE MR.
    OBAMA / MR. CANDIDATE REPUBLICAN PARTY TO ALLOW MARKET FORCES /
    POLITICAL FORCES IN MIDDLE EAST TO DECIDE THE OIL PRICES THEN
    MANIPULATION OF MARKETS BY USA POLITICIANS / GOVERNMENT FOR PERSONAL
    BENEFIT.

    D A F F A. goal US1 / gallon oil

    JOIN US MAKE DAFFA GOAL AS YOUR GOAL

  • Slipstream

    It is just sickening to listen to the greed of these oil company shills.  So we should open up public lands to drilling?  What is the point then of having PUBLIC lands?  And shoudn’t we perhaps keep them in reserve for our children and grandchildren to develop if necessary?  Let’s say we do what Mitt and the others want us to – drill baby drill, all over, without reducing population, without protecting the environment – we will be creating a totally avoidable mess – climate change, rising oceans, a totally depleted planet.  Get used to it people – gasoline prices are going up and never coming down, and they will keep going up, unless we come across a huge store of it under the ocean somewhere.  Then we will use that up and a few decades later be facing the same problems.  Anyone who tells you otherwise is a liar.

    What really needs to be done – and you won’t hear this from any Republicans, unfortunately – is to begin very seriously developing renewable resources.  

ONPOINT
TODAY
Aug 22, 2014
Attorney General Eric Holder talks with Capt. Ron Johnson of the Missouri State Highway Patrol at Drake's Place Restaurant, Wednesday, Aug. 20, 2014, in Florrissant, Mo. (AP)

The National Guard and Eric Holder in Ferguson. ISIS beheads an American journalist. Texas Governor Rick Perry gets a mug shot. Our weekly news roundtable goes behind the headlines.

Aug 22, 2014
In this image from video posted on Facebook, courtesy of the George W. Bush Presidential Center, former President George W. Bush participates in the ice bucket challenge with the help of his wife, Laura Bush, in Kennebunkport, Maine. (AP)

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Aug 21, 2014
In this November 2012, file photo, posted on the website freejamesfoley.org, shows American journalist James Foley while covering the civil war in Aleppo, Syria. In a horrifying act of revenge for U.S. airstrikes in northern Iraq, militants with the Islamic State extremist group have beheaded Foley — and are threatening to kill another hostage, U.S. officials say. (AP)

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