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88 total votes
When gas hits $6+ bucks a gallon you won't be seeing nearly as many tourists and hunters.
if this is anomalies then why is there a great big building in the middle of a old hay field and another where an old gas station was? Why is the traffic non stop on victory way? Talk is that the growth rate is slowing down. Looked at the classifieds here lately? There sure is allot of jobs in there. Thats an anomaly? Come on, our little corner is still booming hopefully we don't pop.
The total amount of oil pumped out of Saudi Arabia since the 1940's equals 1 trillion barrels. We have 2 trillion barrels locked in oil shale in western CO/eastern UT. The fun has just begun.
the oil shale stretches clear up to the tar sands region of Alberta Canada. oil prices stay high, gas stays in demand and we will continue to be in a economic upswing hopefully we continue to treat the land with respect and extract the energy we need. if the outlook appears to be in favor of letting the oil companies continue to explore for reserves then the prices of oil should drop too.
we can open up the gulf,the shores off of both coasts and Alaska to pump oil and it wont bring prices down ,at least not enough to make a difference. If OPEC will not pump more oil now to bring prices down you can be assured as soon as we start producing oil in any quantities they will cut their production to keep the price of oil at a level they deem acceptable. oil is traded globally and if and when we decide to "flood" the market with all our oil to bring the price down OPEC will cut production and China and India will swoop in and buy our oil thereby sustaining prices. The real problem is twofold. we have rising demand from developing countries and flat or even falling oil production from major oil producing countries because they are not privately owned. They are government run and in many cases the profits are used to subsidize programs in those countries and not into oil exploration or expanding or improving production. The other major reason for the jump in oil prices is oil speculation. Now that the real estate cash cow has been exhausted,wall street is pouring its money in the only sure thing. Until the next new thing comes along to drive the economy investors and invetment companies are pouring money into the commodities market to make money and also for security in uncertain times. The only way producing our own oil will bring down prices would be to adopt a protectionist policy. In other words dont sell our oil outside of the USA. I dont belive our leaders from either side of the asile will have this kind of backbone.
they have lots of backbones, unfortunatly they are not in their backs they are under their feet.
What worries me is how high everything will be this winter. People on limited incomes are going to be hurting. Will they buy food, medicine, heating oil or natural gas? I'll bet some will freeze to death back East, where heating oil has almost doubled. Some people can't make their money stretch any further. What will people here do when they can't afford to drive to work any longer. Fuel costs cause everything else to go up too. There are going to be retired people here in Craig who can't afford to heat their homes and buy food. People were up in arms about the deer and elk starving last winter. What will they do when it's their neighbor?
call the dow? call rodney culverwell? eat their children? all I know is after this winter all i need is a swarm of locusts and i'm otta here. barak will be in office by january he will save the day. we will all be making the same amount. the people who are no longer able to work will be put to sleep and the food lines will run clear around the stores. Run for your lives, run for your lives.AAAHHHHHHHH the hippies are coming.
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