ENERGY EXPERT: $12 A GALLON FOR GAS IS ‘INEVITABLE’
SPIKE: OIL $134...
OIL EXECS DEFEND...
AMERICAN to begin charging for first checked bag...
High gas prices drive farmers -- back to mules!
FEARS OF SHORTAGES WITHIN FIVE YEARS GROW...
House passes bill to sue OPEC over prices
CRUNCH: Consumers cut driving but not diets...
San Francisco Considers Nation's First Ever 'Pollution Fee'...
How about a small increase in fuel efficiency standards? It would help and US automakers (despite what they say) wouldn’t be significantly hurt by such a move.
I believe that The Energy Independence and Security Act of 2007 already did that. 35 miles per gallon by 2020, which is on a new car..we will still have “older” cars in the pipeline for the short term though.
My 97 T-Bird got 27.5 MPG at 70 MPH with 4 adults and luggage for 5 days. Needless to say the car was full and crouching low.
Beat that with your Prius!!!
With a DemokRat President and Congress, this “expert” may be right…
Why am I not suprised that you have a t-bird.
Why am I not surprised that you have a t-bird?
3 – Mostly downhill with a good tailwind
There is an argument to be made that while more of us are driving and driving bigger cars, they all get better milage then my dad’s buick of the 70′s. Although he could tow a building if he wanted to and I wouldn’t try that with an SUV.
David
What a horrible joke it was today with the Senate summoning oil company Execs to appear. What a spectacle! Dianne Feinstein and others scolding the oil companies, when every body knows she and other DemokRats and RINOs have done everything they possibly could to create this problem.
What the “expert” and the idiots in Congress refuse to admit is that when gas and diesel prices get that high, there will be food riots in the streets caused by the price of food going up so dramatically. All you city dwellers who live on your rapid transit routes. Your arse will be starving because a loaf of bread is going to cost you $10 and a jar of peanut butter will be over $15.
How about if they finaly drill in the ANWR and tell the greens to GO TAKE A HIKE>:d<
Frankly, imo what is driving the oil price now is pure speculation. It is a bubble. At $100 a barrel, all sorts of new sources are very profitable. Recovering oil from oil shale is on the table, for example.
Supply will catch up with demand, the speculators will pull out, and the price will collapse. This sort of thing has happened before.
If the incompetents and crooks in Congress would do the right thing for a change, it would happen a lot sooner. These cretins create more problems than they solve. Most of them should be beaten, then thrown out of office. Many of them should then go to prison for 20-year plus terms.
Robert,
Good point, speculation has a lot to do with the prices currently. I fail to see how Congress can control this, however. Its probably the last bastion of free market economics going.
A national mandate to move to alternative sources. Anwar is only a bandaid at this point.
David
That question (about Congress) was answered in the Topic “The Saudis Won’t Increase Oil Production. Obvious Question…”
ANWR isn’t a band aid. It’s a @#$%^ massive compression bandage. It won’t solve the problem, but it will stop the massive bleeding until a viable alternative can be made economically available.
Congress can’t control the free market, but they sure can screw it up. Oil shale is now an economical alternative – Too bad the Dems in Congress have put the kibosh on developing it. Coal is an economically viable alternative. Too bad the liberal Environmentalist whackos can’t see that we aren’t going to be building coal fired power plants with 1920s technology so the have the Dems in Congress stop any new coal fired power plant construction. Nuclear power is clean and efficient, of course the environmentalist libs can’t allow that.