High Gas Priced due to shortage of oil ..... Wrong

[Moab]

I cut this out of the Alaska Teamsters Online News Letter...

The start of the 2011 winter North
Slope work season was expected to
be slow,considering the two major
oil companies on the Slope, BP and
Conoco Phillips, had limited their oil
exploration in recent years. (Limited
exploring results in less project work
for our members.) Additionally, the
lack of permits for a major gravel
haul for the Point Thomson field has
also had an impact on the 2011 work season on the North Slope. Nanuq
and Alaska Frontier Constructors, fortunately, have a majority of the
work this season and, at the time of this publication, have employed
over 100 Teamsters. Additional contractor work is as follows:

The last few years they have slowed down production not Obama. They have slowed down because their is a glut of oil. The Teamsters also point out that Alaska State is not issuing gravel permits.

Bat Shit Bachman wasn't to drill everywhere ... even in Florida's water shed. She ...Ms Bar Shit is going to drill gas prices down to 1.70 pg ... Let me see didn't someone say we don't have the refinery space ...

[billybob]

Personally, I do not believe there has ever been a shortage. We just have to buy from overseas to keep the rest of the world happy.

[Moab]

Well I need help here because all I hear towards the solution of our gas price increases is do more drilling off this coast and that ... drill in ANWAR ... Bla-Bla-Bla .. Then we find that domestic companies are not drilling ... Humm!

Now I've pointed out to Curt that the Middle East oil producers want the price to drop because they are well below normal quotas .. fact is they are running out of storage space and pumping back into the ground..

If Conoco Phillips is receiving billions in taxpayer money, is this incentive not to drill ...!

[wubders]

I think some want to drill in the US, because the oil,even if we use less ,would not be purchased from the Middle East, transporting trillions? of dollars out of country , screwing our trade deficit badly, lowering the value of the dollar to the point Odumbo prints money like toilet paper.

[curtinsea]

Gas prices are what they are because we are willing to pay them. Until you drive less and reduce consumption significantly, they won't come down.

Also, suggesting that production is slowed to increase the prices is not just silly it's ignorant. Even if you increase the price, you have reduced sales without reducing your production costs, so your per gallon expenses go up, cutting profit. So you have to be able to drastically raise prices to overcome losses from selling less. It's retarded to even think like that.

Gas prices have little to do with the cost of oil, and Nikki is right that drilling more oil in the US will not affect gas prices in the least. But there is more to the equation of reducing the dependency on foreign oil that the price of a gallon of gas. Domestic production is freedom!

[Moab]

Actually we get more oil from Canada than Saudi Arabia. Third is Mexico then Venezuela. So we actually buy more oil from this Continent ...

Crude Oil and Total Petroleum Imports Top 15 Countries


I'm anything but ignorant on the subject of Big Oil... Every since the secret meeting between Cheney and the top oil executives we have seen Big Oil run-a-muck in this country and I do believe they are only looking out for themselves and I also believe they control oil trading.

Using your logic .. with travel down in the past few years gas should be selling for 1.25 and it only goes up so the cover the loss due to low sales.