Gas Prices - RushOnline.com

Democrats and Environmental Extremists prevent exploration, prevent oil drilling,
and stop block new refineries. This reduces supply and increases our dependence of Arab oil.

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GAS PRICES-

Pres. Bush hit the nail on the head - refering to legislation proposed early in his years as pres. to plan for future oil supplies (not opec) and he was turned down by dems.

Question: isn't Norway supposed to be one of those ideal societies that we are supposed to be emulating? Why are they able to spend more on social programs than some other nations? Because their engineers and leaders are not afraid to tackle the North Sea (one of the most violent in the world) and reap great rewards in oil income. Shouldn't the left be consulting them on how to go about developing oil independance in order to become a greater nation?

We don't need to operate on the level of fear, for I believe we have equal engineering skill if only we would let that skill be put to use in solving this major problem of oil dependance. Nor should the Bush administration opperate out of fear in challanging the left on this issue, but just let the engineers of the oil industry show the world their genious!

Byron

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For some time I've read and heard of the so called energy crisis. As I'm sure you'll agree it's been getting worse for several years. It escalated during the Clinton administration so I find it difficult to understand why you or other conservative commentators haven't questioned how and why Bill Clinton sold the Navy Oil Reserve to some organization that as I recall opertated from an apartment in N.Y. City. The Navy Oil Reserve belonged to the U.S. Government. The PEOPLE! It would be interesting to have some answers. Too bad Willie is too busy having fun at our expense in foreign countrys to appear with you, O'reilly or some other so he could explain his actions. It's been said that the energy crisis started when Carter was president. In reality it all started in the mid 1950's when the oilfields were virtually shut down. I'm sure that if you'll check you will find that to be the case.

This whole damn mess was planned by the major oil companies. I have no way of proving it but I recall a conversation I had in 1957 while working in the oil fields in California. A low level executive from a major oil company predicted gas shortages, gas lines, told me that I would someday pay $2.00 per gallon for gas (1957 dollars) and as soon as they got the price of gas where they wanted it there would be no shortage. Since our representatives have seen not to do anything about the price of gasoline, I find myself wondering how many shares of stock they each hold in Standard Oil, Shell Oil, Mobil or whatever.

R.R. Cunningham

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Oil companies gouging Americans

I don't know which politician I heard berating the oil companies for "gouging" the American public but that statement is the height of hypocrisy. There are no bigger "gougers" of the American public than the Democratic politicians.

Kathleen Federici Findlay, Ohio.

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In your argument about the economics of oil production you make the assertion that oil prices will come down when more is pumped and refined.Isn't demand going to outpace demand no matter what we do? And if this isso it seems unlikely that prices will ever decline.

Andy

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I am just a working stiff, a truck driver for one of the major trucking companies (J. B. Hunt) listen to you when ever I can. I can not understand how a small group of people can control the laws The American people should look at the fuel prices the warning sign is up the flag waving. Higher fuel prices means trucking companies have to charge more for what we deliver to the store gas station hospital anything a truck services about anything you can think of the product or service requires a truck in one form or another to supply the goods and services. The oil company's have been blocked from building new refineries and the same people are requiring the oil companies to make a cleaner burning fuel that poisoning the ground water I am not sure how true that is but some of the states are barring the sale of the fuel for automobiles. We need to get off our back sides and vote the keys word is vote our minds and get the people in office who will work for us. You work 40 plus hours a week ,make more only because it costs more to live.

Higher natural gas prices because we can not drill for it Higher Fuel prices gasoline and diesel fuel Higher electrical prices because we can not build power plants or dams. All I would ask America is what's wrong with this picture who running the show write call do something let your voice be heard maybe you don not have big money behind you but a postage stamp and 15 minutes of your times works wonders.

William Revis

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Alternative Sources of Fuel

The current approach to having more fuel, is to open areas to drilling for more oil and pipe or ship the crude to the refineries. The timetable for the oil to reach the refineries is approximately 5 years. The amount of money to be spent is in the billions. If we were to take most of the land in the soil bank and pay the farmers to grow a crop that could be converted easily to methanol, we could then develope new forms of fuel. The land would be put to better use, and the product and byproducts could all be used. Use the monies, that we intend to spend on obtaining more oil, to create refineries to produce the fuels from methanol. I feel certain thatthe timetable to obtain an alternate source of fuel would be much shorter.

Most of the research, for the refining process, has already been done. We have allowed ourselves to become much to dependant on oil, a resource that will eventually be gone. The crops used to produce the methanol are replaceable. There will be little waste, if any, from the processing. Rush, you have available to you, the means to advance this idea. Why in the world would you ever be backing an idea (Oil in 5 years) that would, in the long term, solve nothing. With my idea we could create an unlimited supply of fuel and solve a lot of controversial issues in our government, such as; subsidizing farmers in the land bank, by paying them to not grow anything. Please give my thoughts a little time on your show. A lot can be done in five years!

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Arab Oil - 4/12/02

Lets turn the tables on these b-------. Is it possible for us Americans to determine who is selling us Arab oil? If we are getting most of our oil from Mexico, Russia or S. America then lets organize our own boycott of Arab oil!

DLK

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Gas doesn't need to be this high. Every time a new fuel system that gets supurb fuel economy, the oil companies but the patent, and burry it. In the early 70's Chrysler developed a prototype, turbin. I say it on TV. The ad read, "it will run on any combustable liquid, that will flow through a pipe".

About 25 years ago, a car was being tested at Aberdine Prooving Grounds. 200 miles per gal of kerosene. A patent was refused, as it would upset the economy. A man from Florida, developed a bolt on fuel system, that could be used on any car. He was getting ready to market it. He now lives like a king, for not marketing it. Look how much technology has acheived since WWII. Cars should be getting 200 MPG. Hydrogen fuel should be refined to use in cars and powerplants. But no!

The oil companies don't want that. And our government is letting get away with ripping us off.

George

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energy crisis- oil shortage -

I was glad to hear that you are finally cognizant of the reality of oil spills and the big picture re: world seepage. Now for lesson no. two. There is not now, never was , and never will be an oil shortage. You will notice that the world is awash in oil. This despite the widely accepted belief (only 2 years ago) that we are consuming a fixed supply of petroleum at an increasing rate and will soon exhaust the supply so we must conserve. All lies! In reality, oil is a bi product of the molten core of the earth and will only be exhausted when our planet burns out.

All the rest is tripe.- R. S. Green, Tx.

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Drilling in Alaska -

I live in one of the most beautiful parts of this country, East Texas. We have forests and streams, red fox, raccoon, dear and wild hogs. We have some of the purest spring water in the country and numerous spring fed lakes. Oh yes! And for about 100 years we have also had oil, gas and a thriving petro/chemical industry. No doubt there have been oil and salt water spills than ran into ponds and streams and across fields, but you have too look hard to find the sites of those events, and when you do, it usually encompasses a small area and nature has usually repaired the damage. I believe it is a small price to pay for the energy we need. So to those who fear what oil and gas wells plus miles and miles of pipelines MIGHT do to the environment, send them down to see us. On second thought, don't do that. They might decide to stay.

Dick
Frankston, Texas

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Gas/Oil Shortage?

I'm no expert, but I was born and raised in the oilfields of Wyoming. My Dad was a pumper in the Midwest oilfield for 36 years and his brother a production boss for just as many years. I then went on to obtain a secretarial education and worked for Pan American/Standard Oil in Casper, WY for a few years.

There is no shortage of oil or gas. The Big Muddy Oil Field, as Midwest was called, has countless capped oil wells. They were closed down not because they were dry, but because the earlier method for getting the oil from the ground was done with the hot water wells located all over the field. When the water wells were closed down, they never re-drilled the oil wells to set up the more modern way of obtaining the black gold. They did eventually switch from the wooden derrick to what I refer to asthe bird beak.

The oil engineers at my place of work estimated the Midwest oil field to have at least 65 more years of productivity and that estimate was in 1963 and was given for the wells already in production, not those closed down.

My brother still works on the rigs where oil is drilled. What the average city dweller doesn't know is that oil and gas are usually found together, the gas pockets located, much of the time, atop the oil. So,
when the politicians close the gas rigs down to raise prices, then the oil rigs are also affected. Money is always the name of the game and it seems that those who own the oil fields along with the politicians who play around with the needs of the American people are more interested in lining their already expensively lined pockets.

Sincerely, Carol

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Just a little humor to help ease the pain of your next trip to the gas pumps. You Think A Gallon Of Gas Is Expensive? Knowing this makes one think, and puts things in perspective: Diet Snapple 16 oz $1.29 -- $10.32 per gallon

Lipton Ice Tea 16 oz $1.19 -- $9.52 per gallon

Gatorade 20 oz $1.59 -- $10.17 per gallon //Ocean Spray 16 oz $1.25 -- $10 .00 per gallon

Brake Fluid 12 oz $3.15 -- $33.60 per gallon // Vick's Nyquil 6 oz $8.35 -- $178.13 per gallon

Pepto Bismol 4 oz $3.85 -- $123.20 per gallon //Whiteout 7 oz $1.39 -- $25.42 per gallon

Scope 1.5 oz $0.99 -- $84.48 per gallon ..and this is the REAL KICKER......

Evian water 9 oz for $1.49 -- $21.19 per gallon // $21.19 FOR WATER! ....and the buyers don't even know the source. So, the next time you're at the pump, be glad your car doesn't run on water, Scope, or whiteout, or God forbid, PEPTO BISMOL! or NYQUIL!!!!

From Peter

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I am not a conspiracy theorist but Saudi Arabia's crude oil pricing and supply constraints borders on gross inteference in our Presidential election process.

The Saudi's are famous for having hidden agendas on world matters and it appears to me that they have decided that it is in their best interests to try and get Kerry elected.

Gasoline pricing has a disproportionate effect on this country's overall morale and its attitude towards the government. This is simply because gasoline is the only item priced nationwide to the public on the street. High price= low morale, low price= high morale.

It appears to me that the Democrats are going to fall back to their campaign theme "its the economy stupid" and are in league with the Saudi's on this.

President Bush must counter this and take the initiative and solve the problem otherwise we could be faced with a new administration in the fall.

Bob

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What's Up With Oil - A guide to why prices are so high.

Wall Street Journal-Tuesday, March 30, 2004

No doubt about it: High oil and gasoline prices make a great Presidential campaign issue for Democrats. And, right on cue, Senators are popping up to blame the White House and ask the Bush Administration to "do something."

New York's Charles Schumer and Barbara Boxer of California are attacking the decision to fill the Strategic Petroleum Reserve and demanding that the White House release some oil. Just how releasing only 0.15% to 0.2% of the world's oil market will push down gasoline prices by 25 cents a gallon, the Senators don't reveal.

But current prices do raise an interesting question: What has happened over the past 10 months to ruin forecasts of oil at $22 per barrel? The short answer is plenty.

Most important, demand has skyrocketed. Not only in the U.S., where economic growth has been gangbusters, but also in China, which has leapt ahead of Japan to become the second largest oil market in the world. While there is some debate about whether China is consuming oil or using it to build a strategic stockpile, the result is the same strong demand. China's growth has also sparked an economic recovery and higher oil demand in the rest of Asia. Count India, too, as an increasingly oil-thirsty economy.

This roaring demand has not been met with increasing production. Blame that mostly on OPEC. The oil cartel has been smarting over the fall of the dollar against the euro. That, of course, reduces dollar-denominated oil revenues and increases the incentive to keep supplies tight. With prices at or above $28 per barrel--the upper-bound of OPEC's target range--the Saudis, for example, ran a budget surplus for the first time in decades.

Inventories are also low. The U.S. has not yet recovered from the disruption in crude and refined products from Venezuela last year. And tight inventories exaggerate any changes in supply at the margin.

As the market got tighter, several events have injected uncertainty. Russian President Putin created some political risk by clamping down on the oil industry and arresting the former head of Russia's largest oil company, Yukos, and accusing a second company of tax fraud. There has been continued instability in Venezuela, Nigeria and Indonesia. It also hasn't helped that Royal Dutch Shell announced it was lowering, by 20%, its estimate of reserves. And there have been questions raised about the size of Saudi reserves and the possibility that Saudi production might be peaking.

Now throw in a big bunch of uncertainty ahead of tomorrow's OPEC meeting. Although OPEC only has a 33% market share, history shows it is able to generate more than its share of speculation. Several weeks ago, OPEC announced it would cut production, then two members balked, and now OPEC is hemming and hawing. Speculators have been going nuts.

And that brings us back to the U.S. Strategic Petroleum Reserve, which was created after the Arab oil embargo in the early 1970s. The idea was to stockpile oil to cope with any future emergency shortfall in supply--not to mitigate short-term price spikes. As part of the run-up to the Iraq war, the Bush Administration decided to add to the reserves--now about 650 million barrels.

But hundreds of millions of barrels of oil is a seductive target for political manipulation, as Bill Clinton proved when he released reserves to tame gasoline prices before the 1996 election. We hope President Bush resists that temptation, because in the long term such a response would be dangerous.

If every President turned to the oil reserve when prices shoot up, companies would reduce the amount of inventory they are willing to carry and exacerbate the supply problem. In the short term, there is also no economic need to draw on the reserve. The economy is humming along and panicking would only create other dislocations. The oil reserve was not designed, nor should it be used, to relieve consumers at the pump for a few weeks.

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