Agreed. And if the rising price of Gas was virtually ignored by the media, how much would you really care? I would notice it, of course, but alter no plans or give much thought as i'm driving away from the pumps. Of course, a low income person that has a long commute to work would be significantly effected. I understand that. But many things change all the time, and people adapt--it's what we're good at.
That group has gotten smaller and smaller with all of the oil company mergers we have had over the past few years.
http://www.suntimes.com/output/news/cst-nws-gas17.html Oil expert Craig Smith predicts gas prices will skyrocket next year, jumping to five bucks a gallon. Smith -- who last year correctly predicted $3-a-gallon gas and $65-a-barrel crude oil prices this year -- says oil prices will jump to $80 a gallon by the end of 2006. The solution here for high oil prices: "find it, drill it, refine it and burn it" domestically, Smith said, pointing to untapped crude reserves in Alaska, Colorado, Utah, off the California coast and in the Gulf of Mexico. Interesting dilemna.. . I was all against drilling in Alaska. But now it's too late for alternatives to gas to be developed. I say we either start drilling or invade saudi arabia, either way.
Interesting indeed. I find it funny when its the same people that is always against drilling and exploring for oil in North America that also complains about gas prices. I'm not really talking about you Mystiklilusion but I've wondered about people that complained about this kind of stuff. A refinery hasn't been built in this country in over 20 years. Its amazing how sometimes it benefits nature when we actually use our resources such as the Alaskan Pipeline. I use to live in Alaska, did you know that the pipeline provides shelter and warmth in the winter for the animals in the area? If we could only drill and use our own oil we would also have some say so in the market price but like its been stated before, I see no way out. The prices will continue to rise because of other countries that are increasing their use of oil that never needed much before such as China. Its a bit too late but we need to figure out a way for other alternatives starting yesterday. At least with the prices going sky high, it should increase the chances of finding other alternatives, the market should dictate this. The environmental activists are really starting to hurt our pocketbooks now!
Tree huggers will never buy into more drilling. Their answer will always be conservation. I say screw them. Even if we committed to more drilling, we would not see immediate results. Some estimate it would take up to 10 years to see oil production from the Arctic National Wildlife Refuge in Alaska. They could also open up more areas in the Gulf of Mexico to drilling, but again, it'll be a few years before they are producing oil. No easy answers, but I think we need to produce more oil in the U.S. while we search for alternative fuels.
I really don't know how the average person is going to make it. It's just a matter of time before your grocery bill will be going up and up and up, plus unemployment will be massive.
IMF released its first assessment of the Iraqi economy in 25 years, few were surprised to see that it had slashed the country's predicted economic growth this year by more than three-quarters because of widespread attacks by insurgents.But consumers in the United States and Europe might have been surprised by another part of the IMF's 62-page report Monday: drivers in Iraq pay as little as 5 cents a gallon for gasoline. That's it. . . i'm moving to Iraq. :hihi:
When gasoline starts being rationed and costs $25/gallon, not only will Florida and California drill offshore, but PETA will only be concerned that we do not drill through a live caribou.
