FUEL COSTS

[Eagle]

Maybe we should organize a drive on Washington DC.  What we need is a drive such as the Million Man march that some people had and just maybe our politicians would get the message if we could get one million vehicles to drive into Washington DC and shut this country down for just one day just maybe they would sit up and take notice.  In the National reserve for fuel it is at it's highest level that it's been in years and the president refuses to stop adding to it.  If we the American people continues to sit on our butts and just complain rather than do something this will continue.

WAKE UP AMERICA WAKE UP.

[Jeremy]

It wouldn't have any effect other than making the evening news for one day. There have been two or three major fuel protests in the UK over the last couple of years, including one where truck drivers picketted the refineries for several days so in the hope that everyone would run out of fuel and close the whole country down.

3000 trucks closed down the centre of London just two days ago:



Jeremy

[Eagle]

  If we the American people continues to sit on our butts and just complain rather than do something this will continue.

WAKE UP AMERICA WAKE UP.

Jeremy you made my point.  Just sit back and let things go on.

This country would not be here if our fore fathers just sat on their butts and did nothing as you suggested.

[Jeremy]

I'm not suggesting you don't do it, just that if you do it won't have any effect. In my opinion (and others may disagree) it would kind of be like all those housewives who feel good about themselves because turn the TV off at night to reduce global warming. Bows and arrows against the Lightning, as Richard Burton said.

Far from sitting on my butt, I am busy doing things that I believe will actually have a practical effect on my fuel costs, such as investing in solar panels & WVO filtration equipment

Jeremy

[jjrbus]

I doubt it would make the evening news in the US.

[HighTechRedneck]

In the National reserve for fuel it is at it's highest level that it's been in years and the president refuses to stop adding to it. 

U.S. daily consumption was 20.7 million barrels per day in 2007.   As I understand it, they take 50,000 to 70,000 barrels per day into the Strategic Reserve (2 or 3 tenths of a percent of daily consumption).  In other words, halting the buildup of the Strategic Reserve as a means to deal with oil prices would be like p___ing in the ocean trying to raise the water level.

On the other hand, if the situation in the Middle East ever goes critical, (i.e. Iran nukes Israel or vice versa) and VZ seizes the opportunity to refuse to sell oil to the U.S., we are going to be mighty glad that we have a two month import offset supply available.

The oil for the reserve is acquired as "royalties" from oil companies drilling on federal leases in the gulf, minimizing the cost of the reserve.

Another interesting point.  The reserve has already achieved the 700 million barrel fill level mandated by President Bush in 2001.  It was the Congressional energy bill of 2005 that mandated continued filling to 1 billion barrels even though current storage capacity is 727 million barrels (typical Congressional intelligence).

This is a very interesting site with facts about the Strategic Reserve.  http://www.fossil.energy.gov/programs/reserves/spr/spr-facts.html

[FloridaCliff]

In the National reserve for fuel it is at it's highest level that it's been in years and the president refuses to stop adding to it. 

U.S. daily consumption was 20.7 million barrels per day in 2007.   As I understand it, they take 50,000 to 70,000 barrels per day into the Strategic Reserve (2 or 3 tenths of a percent of daily consumption).  In other words, halting the buildup of the Strategic Reserve as a means to deal with oil prices would be like p___ing in the ocean trying to raise the water level.

On the other hand, if the situation in the Middle East ever goes critical, (i.e. Iran nukes Israel or vice versa) and VZ seizes the opportunity to refuse to sell oil to the U.S., we are going to be mighty glad that we have a two month import offset supply available.

The oil for the reserve is acquired as "royalties" from oil companies drilling on federal leases in the gulf, minimizing the cost of the reserve.

Another interesting point.  The reserve has already achieved the 700 million barrel fill level mandated by President Bush in 2001.  It was the Congressional energy bill of 2005 that mandated continued filling to 1 billion barrels even though current storage capacity is 727 million barrels (typical Congressional intelligence).

This is a very interesting site with facts about the Strategic Reserve.  http://www.fossil.energy.gov/programs/reserves/spr/spr-facts.html

Ahhhhh!   The Voice of reason!

Thanks HTR, A tip of the hat to Ya!


Cliff

[Sojourner]

About high fuel cost......you can do whatever you please but after listen to the "The Inside Story of Oil Companies and Plentiful Oil" that I just posted, we are the slaves to the crude oil middle man which is IMF (International Monetary Fund).

Look for the subject of "In between oilman are raking the highest profit" post.

FWIW

Sojourn for Christ, Jerry

[superpickle]

LOL... the Oil Companys will find a way to have you SHOT, befor they would allow you to impact their Profits..

We will all be DEAD befor they give up the Power.

[Ncbob]

Eagle, perhaps those of you closer to DC might wish to make a trip like that but thank you, I'll keep my money in my pocket and take a closer looks at the ballot both this coming Tuesday and in November. I don't believe that running all over the country like a chicken with its' head cut off is going to accomplish near as much as giving some serious thought to the person who's name is in front of the lever I'm about to pull.

Bob

[Sojourner]

More of the who & why the cost of fuel.

May 2, 2008 "The Truth About Oil and Gasoline":
http://energytomorrow.org/energy_issues/Truth_About_Oil_Gasoline.html
PDF file:
http://energytomorrow.org/energy_issues/truth_about_oil_gasoline_primer.pdf

May 2, 2008 "The Oil Conundrum" :
http://www.texasobserver.org/article.php?aid=2749

Market Oracle:
http://www.marketoracle.co.uk/Article3336.html

How much Exxon pays for oil?
http://money.cnn.com/2007/11/05/news/companies/exxon_oil/index.htm

FWIW

Sojourn for Christ, Jerry

[Tony LEE]

Strangely, diesel in Australia is at least 10 cents a LITRE dearer than petrol (gas) but in Europe it is 10 cents cheaper.

In Oz I think the justification was the cost in meeting the lower limits for sulphur but I would have thought those standards would apply even more so in Europe

[Jeremy]

Strangely, diesel in Australia is at least 10 cents a LITRE dearer than petrol (gas) but in Europe it is 10 cents cheaper.

In Oz I think the justification was the cost in meeting the lower limits for sulphur but I would have thought those standards would apply even more so in Europe

It varies from country to country in Europe, depending upon the tax structure. In Britain diesel is more expensive than petrol, but in France and Germany it is cheaper - which is why most cars in those country are diesel powered, and why diesel car engines from the likes of Peugeot, VW, BMW and Mercedes are so good that manufacturers worldwide buy them in to fit in their diesel models rather than building their own

Jeremy

[fraser8]

Here on the west coast (wet coast) of Canada I'm paying $1.30 litre or $5.20 a gallon, about $.20 more than gasoline. For years diesel was always about $.40 cheaper than gas but they found away to bone everyone that bought a diesel. Remember when propane was cheap and people converted to propane on their vehicle, soon after propane took a big jump. The price of fuel is a major expense but I'm seeing other things like food etc starting to make huge jumps. I'm sure the government isn't going to help as they pat themselves on the back talking about how well they are doing and they are using the high prices as a huge tax grab. It's not going to keep us off the road, we'll take longer to get to our destination, less miles between pension checks. You still need to enjoy life, traveling and meeting good folks like you bunch on this board is one of the reasons I took early retirement.

[prevost82]

There in Merritt BC, diesel is 1.25 liter (flying J) and gas is 1.32 liter ... bin a while since diesel was cheaper than gas.
Ron