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puppy_power (Anonymous) says…

Also Tango Delta

Gas prices are very high and it is impacting average family's lifestyles and wallets and putting a strain on them. This however did not happen over night. Cheap energy for so long has spoiled us and we have Structured our towns/cities and job around commuting in larger and larger vehicles far distances. Also to say that gas prices are unaffordable you must ask yourself things like do you need things like cell phones, cable TV, plasma TVs, large houses that are out of your price range, Trucks and SUVs' because they look cool, Stuff they don't need to live and live well.
Americans are spoiled period and most all live well above there means and are not responsible financially (that's why we that are have to pay so much taxes) the high energy cost are a very small part of this strain. We in America still pay a lot less for fuel than other countries all over the world and have been for years.

Also “free” energy, renewable and research in new technology is a phrase that is being thrown around a lot by the Politian's on both sides, but if it was there was such a thing that worked we would be already using it, it just isn't economically viable and everyone knows it and just won't say it. Oil and fossil fuels is still the cheapest thing going.

Finally again you are right it will be our children and grandchildren that will be going to have a lot more to worry about than high gas prices. It's going to be fresh water. We can live without the black greasy stuff when it's gone.

Sincerely,

Puppy Power

puppy_power (Anonymous) says…

Nice article Tango Delta, You make a lot of valid points.

Things to consider though if off shore oil rigs cost too much “600k to 1mill a day” to run they wouldn't exist that's basic economics. They have drilled for oil off shore for years in other locations and even with the “high” costs have been very profitable and have had high production rates. Had the liberal Californians not ban it 10 years ago we would be at full production now, we have to start sometime right? Still, only of course providing “5% of our oil need”. Of course even if those figures are correct, are you saying that 5% increase in production would not have a substantial impact on the world market? Oil is also at a 5 month low at this current moment as we are seriously talking about repealing the ban. I don't know.

I absolutely agree that that speculation of oil production peaking is the cause of high oil barrel costs. But, here's the thing its a commodity and we live in a capitalist world and we don't control world economics even though we Americans think we are in control of the universe and that will not ever change with or without oil. Gasoline however, price has lots less to do with that. Again poor planning long before George W. in oil refining has the most to do with that.

So you offer opening up the strategic reserve. This by the way would be the stupidest thing our government could ever do. That oil is for the defense of our country in a major attack or emergency, it's not for the “Smiths family” to take cheap a summer road trip to tour the great American scenery vacation. You said yourself we will be wishing for gas at any price once global peak production is reached. So do you really think that it's worth the risk of the security of the nation for a few months of slightly lower prices for a few months?