Gas prices to go up from CNN

[crager34]

There is only so much oil left in the world. Do you really think the only reason were having this "war" is due to terrorism?

[tomdietrying]

Did you happen to see what company made the most $$$ and profits last year? EXXON/MOBIL OIL based out in Irving, Texas.

The only people not concerned with the oil prices are the oil people. And who do you think those people are?

Just think about it?

[Heraclid]

Um... the Alaska National Wildlife Refuge is estimated to have enough oil to sustain this country for 30 years. The drilling would not destroy the place - it would only affect a very small area that is pretty much wasteland anyway. Take a 10x13 space and toss a penny on it. That's the space relative to the reserve we're talking about here. Most Alaskans want this to happen. Caribou have been shown to huddle near pipelines for the warmth. It would probably increase their numbers. All this is without even getting into drilling down here off the Florida coast, other Alaska spots, or off California. Most of the oil in the oceans seeps from natural fissures, not from drilling pollution. It's not a dream, it is a reality - this country could be totally independent of Middle Eastern oil if it simply had the intestinal fortitude for it. There is no reason we can't be and it's ridiculous that we're not. Even if we only tapped the ANWR resource, that's 30 years to develop a good and viable alternative to the combustion engine for the masses. Which I am not against at all, but we're a long way from ready. Oil is the lifeblood of our economy, yes. And if this war were about oil and keeping it for ourselves, we'd be controlling the Iraqi and Kuwaiti fields and the prices would be down.

[crager34]

"It's estimated", indeed. It was also estimated there were large amounts of oil in the interior of Russia, but that turned up close to dry. Yep....drill in Alaska, but if what is "estimated" to be there, is there... it's only 30 years. Also, based on world politics, it's a little more difficult to just take control over in the Middle East. It will happen that the US will install our form of Democracy over there, and put in place the types of people that are US friendly. It just takes time and for the American public... we need a reason more than just oil.

[SGT.BATGUANO]

What really gets my goat is that the same rhetoric (30 year supply, end to opec dependency, ect.) was used to justify using taxpayer dollars to finance the Alaskan Pipedream.....I mean pipeline.

So what happened ?

The oil companies got rich by selling that oil to other countries that will pay higher prices for the oil and the taxpayers got the un-oiled shaft....again.

Could it be Deja vu all over again?

I've heard gas stations are already raising prices up to 20cents/ gal. on their existing stock. Based on futures prices and opec imaginings of 80$/ barrel prices in the future. This is gas they did not pay that premium for and they may never pay the same price as the futures price.

No gouging going on here. No one investigating either.


Those who forget history are bound to repeat it.

Kinda like tax breaks for the rich and the old "trickle down theory"

If we do need to drill here, I think the oil companies that do it should be forced to keep the oil in this country and while we're at it, let's force them to keep all future oil from the pipeline in this country too.

I'll bet the oil companies will find other sources rather than having to be responsible, accountable and reciprocal to the U.S. taxpayers and consumers.

[xdfarrx]

Ride a motorcycle.... for me my R1 makes gas prices not so lame... and if you really are bent don't ever go to Europe

[WyrreJ]

The best thing Bush ever did for this country was to raise oil prices.

It has had the effect of making alternative energy sources cost-competitive. Lots of money is now flowing into research and refinement of alternative energy that would not have been spent their previously. Which means we are just that much closer to an oil-free economy.

If ANWAR really is the promised land of oil, we need to stay away from it in order to maintain private funding levels of alternative energy research.

If ANWAR is not the promised land, we need to stay away from it to avoid wasting even more money on pointless destruction of the environment.

Short term, we need atomic power produced by modern nuke planets - the kind that produce waste with a really short half-life and are designed to be physically incapable of going critical.