Gas Prices Skyrocketing

Posted by Jim Spence on Monday, March 7, 2011
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Newsnm note - (Spence) With an energy policy DESIGNED to create shortages in America, the U.S. is on the edge of destroying the fledgling recovery underway, thanks to a self-inflicted economic wound. (CNN) -- U.S. gasoline prices increased nearly 33 cents in two weeks, the second-biggest two-week jump in the history of the gasoline market, according to a new survey of filling stations. The latest Lundberg Survey of cities in the continental United States was conducted Friday. It showed the national average for a price of self-serve unleaded gasoline at $3.51, an increase of 32.7 cents from the last survey two weeks earlier, survey publisher Trilby Lundberg said. The jump was the biggest since a 38-cent hike between August and September 2005. At the time, the price increase was driven by damage caused by Hurricane Katrina. Read full story here: News New Mexico
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2 comments:

Anonymous said...

FYI: In 1931 the price of oil in the US was $1.00 per barrel. The price dropped to 2.5 cents per barrel. The government decided to call for "conservation" to try to push the price to $2.00 a barrel.

Give the folks 3500% rise for inflation and expanded use of oil today and the price should be around $35.00 a barrel, or maybe a high of $70.00 per barrel. Everything else is greed.

There is sufficient oil in Canadian oil shales to last 400 yrs at current uses. My sources in Canada tell me the storage facilities are full.

The oil industry is constantly revising reserves. A recent article pointed out that US reserves in the Rockies are greater than all of the middle East reserves. Oil shales in Wyoming and Colorado are extensive. Oil off the coasts is extensive. Oil in Alaska is extensive. In short, oil is not in short supply. Investors, speculators, environmentalists, and others with vested interested are causing the high price.

Abiotic oil scientist recognize that most of the oil on Earth is not biotic in origin. Some comes from billions of yrs ago. Some is produced today through various processes deep in the Earth. If life was necesary for oil, explain the vast hydrocarbon lakes on the moons of Saturn and Jupiter. Is there/was there extensive life there? Or maybe, it is oil/hydrocarbons that are essential for life and these oils/hydrocarbons are ubiquitous.

We the People are being cheated by those in power. Rather than ban oil production, use it to provide jobs and wealth. Keep a watchful eye on the production and make sure the companies do not pollute. We have the capacity to produce oil for our needs and to do so without destroying the environment. The current "management scheme", if one dare call what the gpvernment is doing "management", is making everyone of us poor.

March 7, 2011 at 10:28 AM
Anonymous said...

The last time we visited high oil prices it was the same group of bi-polar environmentalists who carped about unaffordable gasoline and energy prices. I wish they would make up their minds. Receiving government handouts of gasoline that burns emissions free, so they can drive to a government worker union protest only happens in a Michael Moore documentary and not in the real world. If a single one of them were to have an original thought cross through their head it would be the shortest trip in the history of the modern world.

March 7, 2011 at 9:02 PM

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