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Politicians' talk of $2.50/gallon gasoline isn't realistic, and the U.S. already enjoys the...

Politicians' talk of $2.50/gallon gasoline isn't realistic, and the U.S. already enjoys the "cheapest energy in the world,” T. Boone Pickens says. He's “frustrated” that legislation which would put more natural gas into commercial trucks has gone nowhere: "You put natural gas... into heavy-duty trucks, you can bring down the price of diesel gasoline. I don’t understand why they [Congress] don’t understand."
Comments (15)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Because it was just a few short years ago that Nat Gas was over $12.....now only $2.80.....lows....do you think T-Boone wants it back up to $12...I do
    6 Mar 2012, 05:42 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Nat'l gas may have been over $12 but now the fracking N.G. is plentiful and needs to be used where it makes sense.
    6 Mar 2012, 08:32 PM Reply Like
  • Hillbilly Stock Star
    , contributor
    Comments (728) | Send Message
     
    They don't understand because they have never had "real jobs" that's why.
    6 Mar 2012, 05:47 PM Reply Like
  • ggggg
    , contributor
    Comments (22) | Send Message
     
    They don't understand because unlike T-Boone, they don't stand to make their next $billion from their investments in natural gas....
    6 Mar 2012, 05:54 PM Reply Like
  • Tack
    , contributor
    Comments (12776) | Send Message
     
    They do understand. But, for politicians, especially left-wing politicians, its all about creating dependency and controlling people, and high energy costs reduce personal freedom and make more frightened souls look toward to Government to 'save' them.
    6 Mar 2012, 05:59 PM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    Yeah, that's why the Dems want more alternative energy. The GOP wants to put off doing this till they have the White House and can then take credit for bringing energy costs down. Heaven forbid it should happen while Obama is in office. It might make him look good. Screwing America is just an unimportant short term consequence that is justified by the long term good that will be done by getting the GOP back in charge. Suck it up until then.
    7 Mar 2012, 06:42 AM Reply Like
  • Brandon Gibbs
    , contributor
    Comments (225) | Send Message
     
    a bit cynical tack..
    6 Mar 2012, 07:24 PM Reply Like
  • Bear Bait
    , contributor
    Comments (664) | Send Message
     
    you're to kind Brandon. I would have said it shows a total inability to comprehend reality.
    6 Mar 2012, 08:25 PM Reply Like
  • Tack
    , contributor
    Comments (12776) | Send Message
     
    BB:

     

    Apparently, the detachment from reality is all yours.

     

    The reality is that when shale oil reserves are included, here's how the U.S. ranks in world reserves:

     

    Oil - #1
    Coal - #1
    Natural Gas - #12

     

    Perhaps, you can explain why we're always needing to be energy starved here in the USA and told we must do with less.
    6 Mar 2012, 09:16 PM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    Not sure about the stats, but the point is well taken. If NG becomes the main source of fuel we'll have the same group of speculators drive up the price, just like oil. Plus NG may not be as abundant as some think. I think the solution is diversify. Yes, there is a need for NG and yes it could take some price relief off oil, but its not a cure all. People in USA are just plain wasteful when it comes to energy consumption and have to accept alternate fuel sources if they are to continue obtaining cheaper energy.

     

    Congress will spend billions chasing people around the globe for national security interests, but won't encourage NG as an alternate fuel source and instead remain reliant on foreign oil from Canada. Foreign oil dependency is a bigger threat to security than most everything else. We can't seem to understand this. That is until we encounter a severe oil shock and then people will ask why nothing was "done" sooner. Its a bad decision and makes no sense not to push NG as yet another source of fuel. Give a subsidy to transports to convert to NG instead of subsidizing zombie banks.
    6 Mar 2012, 10:00 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Maybe the Department of Energy is on the case?:-)
    6 Mar 2012, 10:08 PM Reply Like
  • kingdoms333
    , contributor
    Comments (13) | Send Message
     
    Please, please, please....study how the futures markets work and the key roll that speculators play. Everything in the futures market is based upon expectations of the future. Without speculators and the futures markets....you would see huge swings every few weeks in the price of everything you buy and particularly any commodity related product like gasoline, bread, meat, etc......I know that you would not like to see gasoline per gallon at $ 1.50 per gallon one week and within a few days it could be $ 6.00 per gallon......also....br... 1.50 per loaf one week and a few days later,,perhaps,,$ 3.50 per loaf. PLEASE PLEASE UNDERSTAND THE FUTURES MARKET. I used to own a grain elevator and was also a registered commodity broker for several years.....and your understanding and the majority of all news outlets and 'spin doctors'....including O'Reilly,,,,,,,absolutely don't understand what they are jabbering about.
    The big problem in this country is that most people either are too lazy to do due diligence on a subject or...would just rather spew the stuff further to everyone they know or don't know. Goebbels himself in Nazi Germany had the philosopy of propaganda to tell a lie often enough and long enough and eventually people would believe it! Well,,,,this is certainly what is happening in the country today in a great big way!
    7 Mar 2012, 04:27 AM Reply Like
  • Brandon Gibbs
    , contributor
    Comments (225) | Send Message
     
    tack do you expect energy independence to happen overnight? our overseas energy business relationships are incredibly complex and a quick severance of ties would be disastrous for the entire globe. also, when the food pantry is full of chocolate (domestic oil) and we know that we can live off of bread (electric, gas), slowly increase demand by nibbling at other peoples supplies, and then export the s*** out of your own when demand is through the roof!! i can picture myself smiling while driving an electric car, knowing that it was paid for by exporting domestic oil $
    6 Mar 2012, 09:50 PM Reply Like
  • Tack
    , contributor
    Comments (12776) | Send Message
     
    BG:

     

    I was not promoting a specific policy, just making an editorial comment about much of the politics behind present insane policies.
    6 Mar 2012, 09:58 PM Reply Like
  • baldski
    , contributor
    Comments (7) | Send Message
     
    Tack: Where do you get your info? Do you know the difference between reserves and proven reserves? Especially about oil?
    11 Mar 2012, 06:48 AM Reply Like
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