LeeCarlson

Betting On Oil? Pay Close Attention To The Facts

Only one thing for sure,...The debate will continue...!
Oil companies have much to gain by higher prices, but there is no shortage, so they blame it on the shortage of refineries,..and lets not forget the guys who buy oil futures but never take delivery,..
and wind power is not the answer as you have to have at least a wind speed of 12 MPH continually to make them work, and most of the US doesn't have that kind of wind,..ethanol,...? ..It's only got 70 pct. the energy of gasoline and thats why some gas has to be added to ethanol, and yes,...someday we can make the ethanol more efficiently,...but then we would have to get the Gov. off our backs because of the big tax on "FUEL" and fuel is defined as anything you put in the tank !!!
The bottom line is that we have to use every method we can come up with to power cars, and power plants, etc. We can't anymore blame it on just a shortage of gas !! It has to be a combination of methods, even more effective insulation on homes and factories, shorter trips, and even perhaps shorter wars !
Ever stop to think how much fuel is used by an aircraft carrier to get planes to the mid-east and then to contimually refill the planes which go thru fuel like crazy !!! So guys,...there ain't just one simple solution, it's a combination of conservation, perhaps geothermal, insulation, smaller cars, nuclear power, etc. etc. but some people will continue to blame it all on one company or perhaps even one person,..who knows but as I said, the debate goes on !!! Have fun !

Betting On Oil? Pay Close Attention To The Facts

Oil prices have become a "Game that countries and Corporations play". It is not a mattter of Supply and demand any more. It is a political football, and a Corporate profit game.
There is no shortage of oil, and there has never been a shortage of oil,..or gasoline.
Do you see any back-ups at the gas stations ?? Yet the prices go up and down like Yo yo's ! But always gradually higher. It won't end until there are real alternatives to oil or less demand for oil !! Like more insulated homes, like more fuel efficient cas, like we haven't built a Nuclear power plant in 30 years, like the people who have to have the biggest car or truck on the block because it shows the world that they have "many bucks". All factors in the game. Countries like France get about 80 pct. of their power from Nuclear power plants and drive small cars, but there is no incentive to build more here ??
Doesn't really make any sense, does it ?...Well, it does to the major oil companies !
Did everyone forget about the laws of supply and demand ? When demand goes down, Oil will be cheap again ! Until then,..it's just a game !! LC