Want Lower Gas Prices? OK, Let's Increase Supply 26 comments
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From my editorial in today's Detroit News:
World oil prices might decline if there were more spare oil production capacity. But the control of world oil prices is not in the hands of investor-owned oil companies in the United States, which control just 6% of worldwide oil reserves (national oil companies of foreign governments own 80% of the world's oil reserves).
Even if the control of oil prices were in American hands, which it is not, Congress refuses to allow access to plentiful oil and natural gas deposits beneath federal lands and U.S. coastal waters. It's hard for our government to ask the main oil-producing foreign countries to increase their production when 85 percent of the U.S. Outer Continental Shelf and the Arctic National Wildlife Refuge are closed to domestic energy production. All too forgotten is that these areas hold billions of barrels of oil, enough to strengthen U.S. energy security and support our economic growth for many years.
Opening oil exploration in areas that are off-limits would be an encouraging sign that our elected lawmakers are acting in the best long-run interests of our national security and our continued economic prosperity.
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This article has 26 comments:
We must realize that the only 'immediate' relief to current high prices is to CUT CONSUMPTION, and the only 'intermediate-3 to 5 year' relief is to INCREASE PRODUCTION; which includes all the sources you pointed out that Congress will not allow production from.... and the only 'long term' relief will come from alternate sources of energy - 15-30 years away. Politics as usual.
as was presented two days ago before the u.s. senate, index speculators have added demand of the magnitude of the entire chinese demand growth over the past 5 years.
sometimes, it is very simple to get some relief for a perceived big problem: close the loopholes and drive institutional investors out of commodiuty futures markets. pension funds have NO BUSINESS to own a billion barrels oil that is effectively taken away from real supply
I give us about 1 chance in 9.
Yeah, I agree with you--we need to increase the supply.
The supply of SOLAR energy.
But we all know that will NEVER happen as long as there are Texas Oil men squatting in Al Gore's White House.
Weekly Retail Premium Gasoline Prices (Including Taxes)
Date Belgium France Germany Italy Netherlands UK US
5/12/2008 8.68 8.32 8.48 8.58 9.52 8.28 3.94
Look..I'm not trying to provide "moral cover" for the Texas Republicans who are involved in manipulating gasonline prices here in the US and ripping off consumers at the pump, but...
...stop whining! Europeans are paying sky high prices, and their economies are doing just fine! If anything, they are "too strong".
If you want cheap oil prices, move to Caracas, Venezuela where they pay $0.12/gallon (2005).
Or perhaps Lagos, Nigeria where they pay $0.38/gallon (2005).
Let us know how big of a wall you must build around your house to keep the looters out!
In short - we need to cut consumption and expand the resources we have with ethanol - just not corn based ethanol...
Our industrial power should be focused now on energy solutions for the near future and beyond...not beyond "oh when all the oil is gone what we we do"...
P.O. Box 2629, 4161 Mary Lou Street, Pahrump, Nevada 89041
alliedscience.org Telephone: 775-727-0866 E-mail: grhudlow@yahoo.com
Form Project Summary
Project Name:
General Introduction:
Grant Hudlow FOUNDER,CEO
One person can make a difference, has been the driving philosophy for the life of Grant Hudlow. It was this mind set that led to the birth of Allied Science, Incorporated in 1989. Now, nearly two decades later, with a financial commitments base exceeding $7.5 billion, Allied Science, Incorporated carries it’s message of wholesome, values- oriented products across the United States, Canada, and Europe.
“When we reach people, if we can sell a product, great, but we are first and foremost about spreading our message, “ says Mr. Hudlow. “We want people to know that their is an alternative to the sex, violence and profanity that is in so many homes today.”
Mr. Hudlow attended California Institute of Technology and the University of Nevada at Reno
Before spending 13 months on the Korean DMZ, then an industrial turn around expert with Procter & Gamble, Stewart Warner, Fuller Paint and Fairchild Semiconductor.
Mr. Hudlow left big business to create Allied Science, Incorporated after realizing the need for uplifting, wholesome discussions that carry a positive messages. “I knew this was something I had to do,” Mr. Hudlow says. Creating Allied Science, Incorporated was more of an important work decision than a business one.”
Mr. Hudlow has since named the chemistry to make this new industry possible, led the design engineering, sold $7,500,000,000 in orders for factories and sold $7,000,000 in orders for the products from the factories around the world. Armed with the belief of his convictions, he has grown Allied Science, Incorporated from a dream to a major international corporation with more than 200 alliances.
Mr. Hudlow enjoys assisting young people in ther entrepreneurial aspirations as well as working with and training school teachers and other professionals. His professional accomplishments and community service have been recognized by local churches and local civic organizations.
Mr. Hudlow has two children and one grandchild.
A little know fact about Mr. Hudlow is his love numbers and statistics. Retired CEO S.B. Devlin says, “No one sees through a problem faster than Grant. He’s a true statistical genius.”
Terry Ellis, Sr.
has valuable engineering and construction contacts. He has hands on management and business experience with Fluor Daniels, Brown & Root and others
Dr. Chuck Baroch,PhD Chemical Engineering, is a retired CEO with Babcock and Wilcox.
Dr. Davis Clements, PhD, is a Chemical engineering Professor at the University of Nebraska in Lincoln, Nebraska.
Gary Smith is a highly regarded Chemical and Petrochemical Engineer with quality contacts and broad work experience. His experience ranges from blending his own gasoline for resale to employment with major chemical companies such as Dow, Dupont and Union Carbide. Mr. Smith has a BS and MS in Chemical Engineering from the Georgia Institute of Technology. Mr. Smith assists with the engineering and construction of the total project and with the management of the complex.
Lawrence G. Erskine, President Bionomics International,Inc., enjoys a solid management and marketing reputation in the USA, China, Japan, Singapore, New Zealand and Australia. Mr. Erskine owns and operates a Hazelnut business in the state of Oregon and ships finished (value added) Hazelnut products around the world. He imports and exports equipment. Mr. Erskine spent 10 years in management with General Foods Corp. He attended the University of Oregon, obtained a BA in marketing from Northeastern University and attended an accelerated MBA (equivalent) course from Harvard University, via General Foods Corp.
Al Avolicino coupled his education in art with his management and leadership skills to become marketing and advertising manager for some of the largest companies in the U.S. Mr. Avolicino will devote his time to establishing contracts with waste generators and creating the necessary educational campaigns. He will hire and train the marketing and sales people. Mr. Avolicino has enjoyed management positions with such companies as General Foods Corp., Servatron,Inc. and Farmer Brothers,Inc.
Frank Lopez CPA, Lopez and Company,Inc. will be handling the tax and accounting responsibilities for the projects. (Background an resumé available on request)
The Allied Sciences, Incorporated team’s strategic alliances include work with the following:
Elko City Council, Phenol brokers all around the world, Economic developers all around the world, BISNIS, USDOC, USDA, US EX-IM Bank, University of Nebraska, Lincoln, UNLV, UNR
3. Funding Request:
$70,000,000 to buy $100,000,000,000 of coal on the surface (that can be mined for $.85 a ton) plus $100,000,000 to build, debug and operate a factory that makes $2,000,000 a day by converting coal to 100,000 barrels a day of gasoline and diesel that sells for $.55 a gallon wholesale.
Term:
First tranche: $170,000,000 (to buy the coal $70,000,000; to get environmental permits $7,000,000 engineering fee: to buy the equipment $32,500,000; to build the plant $25,000,000 labor and $15,000,000 contractors fee; to debug $8,200,000; operating cost to profitability $12,300,000.
Community Impact:
Allied Science will bring 1000 new jobs initially; A $50,000,000 annual payroll; A chemical engineering lab to the local community college; Computers to local children; And money for local infrastructure as needed. In a nutshell, Allied Science, Inc. serves the community by contributing a significant portion ( which has been factored into the base product cost and does not affect returns) of the revenues generated from the factory going to support local charities, help fund community City and State Public Services, as well as supporting biotech and medical research organizations.
Environmental:
With the allied Science,Inc. facilities, there is NO burning, therefore NO smoke stacks. NO smoke stack means No air pollution. The residuals are distilled water, which is evaporated, and an ash which is stored and conditioned for one year and is used as a non-toxic powder to strengthen roads, make 19,000 lbs. concrete, and for strengthening wallboard.
Specific Performance:
From funding, Three months to buy the coal ; Two months to get environmental permits ; Three months to buy the equipment ; Six months to build the plant; Two months to debug ; Three months to profitability.
Exit Strategy:
At end of nineteen months after funding, Allied Science, Incorporated will contractually begin to return 150% of the amount funded for each project. Allied Science, Inc. expects to complete this process within two years of receiving funding.
Supporting Documents:
15 pages of supporting documents are available on request as an attachment as needed.
10. Letter of Introduction from Bank available at later date.
If a crack addict runs short on crack, or the price of his crack doubles, do we solve his problem by producing more crack and giving him more?
No Western country uses as much oil per dollar of GDP produced than the US. In fact, many countries produce each dollar of GDP with substantially less than HALF of what we use. Why are we so inefficient?
Because energy in the US is waaay too CHEAP.
We do not need more oil pumped--we need the price to rise so that conservation and alternatives are incentivized.
Otherwise, we're in for a FAR FAR more rude awakening than $4 gas.
Jack
It's going to take 10 dimes to make a dollar and the quicker we scrape them together the better.
No, you can't run a car on Nuclear but all cars-(&transport) will eventually run on electricity, and that, you can get from Nuclear.
That's not the light you see at the end of the tunnel it's the end of crude oil, which nature takes a few million years to replenish.
We bought the Chinese goods, enabling him to go from a bicycle to a scooter and now we yell "hey Woo Fat don't buy all that gas, it drives up the cost to run my Hummer"---how sick is that??
This plague of grasshoppers better take a new approach to "The good life" winter's coming.
If we don't evolve to wind and sunlight we'll revisit this scenario--cause--every... else---runs out!!
Another way is to gasify coal to make methanol and then convert methanol to gasoline using the Mobil process. Still have CO2 emissions but reduced dependence on oil.
The only real solution is to target the demand side. Reduce consumption, increase efficiency, conserve, and develop alternative, renewable, sustanable sources of energy. Anyone pushing for more drilling as a solution is not seeing the whole picture or has a particular biased agenda.