$126 A Barrel - Can $7 / Gallong Be Far Away

$126 A Barrel - Can $7 / Gallong Be Far Away

Geez, $126 a barrel today.

Well, in a year or 2, the gas oughta be about $7 a gallon. Chevy Volt should
sell really well, along with some really fuel efficient bikes.

Only saving grace in the whole thing is not having to share the road, when we
have enough $$$ to go somewhere, with over-the-road, long-haul trucks. There
won't be any.

Should be some good jobs laying new track soon. Maybe the truck drivers can
all take those.

Meanwhile, clue as to who to blame:

1) Environmental extremists.
2) Safety extremists.
3) NIMBYs.

An extremist in this case is someone who is willing to spend any amount of
someone else's money on any supposed problem no matter how unproven and how
small.

Of course environmental extremists are responsible for a whale of a lot of the
misery now. It is their doing that we don't have oil flow from ANWR now, and
from off shore oil in many places. The best place to drill for oil on this
planet is any piece of land that has oil under it and an American flag over it.
If we had drilled all we had access to, we wouldn't have to be importing a drop
now.

Safety extremists have hung hundreds of pounds of accumulated garbage on cars,
most of which I would not buy if they weren't mandated. All this stuff should
be optional - antilock brakes, traction control, air bags, etc. We could save
probably 500 lbs per car, and thus make mileage go up as well.

NIMBYs are probably the most culpable as their motivations are always selfish.
The airline industry is in the dump in large part because of the lack of
airports that can't be build because of NIMBYs. Electric power plants,
electric power distribution wires, etc. etc. - can be blamed on NIMBYs. Its
enough to make me wish to bring back crucifixion.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

In article <rj4a241cloo7rjgavcfon9mlnttos7kct6@4ax . com >,
Dave Head <Rally2xs@att . net > wrote:
>Geez, $126 a barrel today.
>
>Well, in a year or 2, the gas oughta be about $7 a gallon.

Because linear extrapolation has worked so well in the past.
--
There's no such thing as a free lunch, but certain accounting practices can
result in a fully-depreciated one.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On May 9, 11:20 pm, Dave Head <rally...@att . net > wrote:
> Geez, $126 a barrel today.
>
> Well, in a year or 2, the gas oughta be about $7 a gallon. Chevy Volt should
> sell really well, along with some really fuel efficient bikes.

I doubt that (gas at US$7.00 a gallon) will happen. The main reason
prices are high now is that the speculators are running wild trading
oil futures and the way that the dollar has been devalued over the
last couple of years. Even some in the oil/gasoline industry say these
prices are not justified by basic market economics (i.e. supply and
demand) and can't be sustained.

IMO, its going to tip (FWIW, I think it will happen early next year
with oil at US$175.00 a barrel and gas at US$5.50 a gallon) before too
much longer (much like housing did). I just hope that when it happens
it doesn't bring the rest of the economy down with it.....

Personally, I wouldn't mind it lasting a while longer - just to get
more SUV's and pick-ups (especially the jacked up oversized tire 4x4's
that will never see a dirt road - much less go off road) off the road
and into the junkyards.

--
I am necromancer and I approved this poast.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Mon, 12 May 2008 01:40:05 -0700 (PDT), necromancer
<o.20.tbim@spamgourmet . com > wrote:

>On May 9, 11:20 pm, Dave Head <rally...@att . net > wrote:
>> Geez, $126 a barrel today.
>>
>> Well, in a year or 2, the gas oughta be about $7 a gallon. Chevy Volt should
>> sell really well, along with some really fuel efficient bikes.
>
>I doubt that (gas at US$7.00 a gallon) will happen.

Yeah, I wouldn't bet a lotta money that it will happen. But... there doesn't
seem to be an end to the price rise.

> The main reason
>prices are high now is that the speculators are running wild trading
>oil futures and the way that the dollar has been devalued over the
>last couple of years. Even some in the oil/gasoline industry say these
>prices are not justified by basic market economics (i.e. supply and
>demand) and can't be sustained.

Yeah, that's why the research and development necessary to extract the oil from
the rocks in the NW US, which is a reserve supposedly 3X the Saudi reserve,
doesn't get done. Even tho it could produce at some smaller $/barrel, the
people that would have to do the R&D have no assurance that the price of oil
won't go back down to $35 / barrel overnight, and their investment would be
ruined.

>IMO, its going to tip (FWIW, I think it will happen early next year
>with oil at US$175.00 a barrel and gas at US$5.50 a gallon) before too
>much longer (much like housing did). I just hope that when it happens
>it doesn't bring the rest of the economy down with it.....

Yeah, there is that. But $7.00 a gallon would do that too. We can't win with
this...
>
>Personally, I wouldn't mind it lasting a while longer - just to get
>more SUV's and pick-ups (especially the jacked up oversized tire 4x4's
>that will never see a dirt road - much less go off road) off the road
>and into the junkyards.

Why would they go to the junkyard? If somebody sells an SUV, they're going to
sell it to someone that is still going to run it until it either wears out or
crashes. Until then, it'll still get driven, maybe even by richer people that
can more afford the $$$ for gas.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Mon, 12 May 2008 10:11:50 GMT, Dave Head <rally2xs@att . net > wrote:

>On Mon, 12 May 2008 01:40:05 -0700 (PDT), necromancer
><o.20.tbim@spamgourmet . com > wrote:
>
>>On May 9, 11:20 pm, Dave Head <rally...@att . net > wrote:
>>> Geez, $126 a barrel today.
>>>
>>> Well, in a year or 2, the gas oughta be about $7 a gallon. Chevy Volt should
>>> sell really well, along with some really fuel efficient bikes.
>>
>>I doubt that (gas at US$7.00 a gallon) will happen.
>
>Yeah, I wouldn't bet a lotta money that it will happen. But... there doesn't
>seem to be an end to the price rise.

There has to be an end soon. Otherwise, before long, the rising price
of gas will start pricing people out of their cars - either when they
simply can't afford the gas to drivve to work and/or when they finally
decide that its just not worth it to pay the price for gas to drive to
work and put up with all the crap there just to beable to fill the
tank again. From there, it's all down hill.

>> The main reason
>>prices are high now is that the speculators are running wild trading
>>oil futures and the way that the dollar has been devalued over the
>>last couple of years. Even some in the oil/gasoline industry say these
>>prices are not justified by basic market economics (i.e. supply and
>>demand) and can't be sustained.
>
>Yeah, that's why the research and development necessary to extract the oil from
>the rocks in the NW US, which is a reserve supposedly 3X the Saudi reserve,
>doesn't get done. Even tho it could produce at some smaller $/barrel, the
>people that would have to do the R&D have no assurance that the price of oil
>won't go back down to $35 / barrel overnight, and their investment would be
>ruined.

Not necessairly. If they take some of their record profits now and
start doing the r&d that is needed, then they will have the processes
developed and ready to implement for when it is profitable to extract
the oil fromt he rocks. Of course, they could go ahead and start doing
so if the govt were to give them subsidies like they give for ethanol
and for the way we are subsidizing Saudi Arabia and Iraq....

>>IMO, its going to tip (FWIW, I think it will happen early next year
>>with oil at US$175.00 a barrel and gas at US$5.50 a gallon) before too
>>much longer (much like housing did). I just hope that when it happens
>>it doesn't bring the rest of the economy down with it.....
>
>Yeah, there is that. But $7.00 a gallon would do that too. We can't win with
>this...

That's true. My biggest fear is that energy prices will come crashing
down overnight, bringing down the stocks of Exxon/Mobil and so on and
the rest of the stocks and markets being the lemmings that they are
will follow suit....

>>Personally, I wouldn't mind it lasting a while longer - just to get
>>more SUV's and pick-ups (especially the jacked up oversized tire 4x4's
>>that will never see a dirt road - much less go off road) off the road
>>and into the junkyards.
>
>Why would they go to the junkyard? If somebody sells an SUV, they're going to
>sell it to someone that is still going to run it until it either wears out or
>crashes. Until then, it'll still get driven, maybe even by richer people that
>can more afford the $$$ for gas.

Selling a SUV is getting rather difficult these days. Some dealers
around here won't accept them as trades and many used car lots are
full of them. Eventually they are going to have to go somewhere.

--
"Well, if crime fighters fight crime and
fire fighters fight fire, what do freedom
fighters fight?"
--George Carlin

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On 2008-05-12, necromancer <55_sux@worldofnecromancer_no_spam_no_way.org> wrote:

>>Yeah, that's why the research and development necessary to extract the oil from
>>the rocks in the NW US, which is a reserve supposedly 3X the Saudi reserve,
>>doesn't get done. Even tho it could produce at some smaller $/barrel, the
>>people that would have to do the R&D have no assurance that the price of oil
>>won't go back down to $35 / barrel overnight, and their investment would be
>>ruined.
>
> Not necessairly. If they take some of their record profits now and
> start doing the r&d that is needed, then they will have the processes
> developed and ready to implement for when it is profitable to extract
> the oil fromt he rocks. Of course, they could go ahead and start doing
> so if the govt were to give them subsidies like they give for ethanol
> and for the way we are subsidizing Saudi Arabia and Iraq....

First, the US military and foreign policy support for big oil needs to
be yanked. This will make the vast reserves of the americas economically
viable. I lost count of how many saudi arabias worth of oil there is in
the western hemisphere. The latest find in brazil rivals saudi arabia's
largest fields in size and is called 'the tip of the iceberg'. The oil
in the shale is the most difficult to exploit, before that, the heavy
oil and the deep oil is *MUCH* easier to deal with. It's not jed's
shotgun crude like in Saudi but, it's not going to take all that much to
exploit. It just has to cost the oil companies less to exploit. Letting
the mideast be as it wants to be will save the taxpayer vast sums and
force the oil companies to make market correct decisions.

Second, the regulation that keeps out competition in the gasoline
business needs to go away. Right now, people with money to invest should
be opening new refineries to undercut the existing players. Problem is,
there is no free market. It takes a decade of political games and bribes
just to get a shovel in the ground *if* successful. All it takes to be
unsuccessful is the office holder that went to bat for you to lose an
election. This is absurd for everyone but big oil.

> That's true. My biggest fear is that energy prices will come crashing
> down overnight, bringing down the stocks of Exxon/Mobil and so on and
> the rest of the stocks and markets being the lemmings that they are
> will follow suit....

Right now the federal reserve has moved on from thehousing bubble to the
energy and food bubble. It will burst like all federal reserve bubbles
since their first significant one which I think was around 1919.

> Selling a SUV is getting rather difficult these days. Some dealers
> around here won't accept them as trades and many used car lots are
> full of them. Eventually they are going to have to go somewhere.

I have an automoile quarterly from the late 70s with a series of
cartoons on 'what to do with your gas guzzler' :)

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Mon, 12 May 2008 12:29:06 -0500, Brent P
<tetraethylleadREMOVETHIS@yahoo . com > wrote:

>First, the US military and foreign policy support for big oil needs to
>be yanked. This will make the vast reserves of the americas economically
>viable. I lost count of how many saudi arabias worth of oil there is in
>the western hemisphere. The latest find in brazil rivals saudi arabia's
>largest fields in size and is called 'the tip of the iceberg'. The oil
>in the shale is the most difficult to exploit, before that, the heavy
>oil and the deep oil is *MUCH* easier to deal with. It's not jed's
>shotgun crude like in Saudi but, it's not going to take all that much to
>exploit. It just has to cost the oil companies less to exploit. Letting
>the mideast be as it wants to be will save the taxpayer vast sums and
>force the oil companies to make market correct decisions.

Agreed on all points. With oil at US125.00+ and climbing and the
record profits that oil companies are making, there is no reason for
them to not start exploiting what is here. I can only speak for
myself, but I would be more thna willing to pay US$4.00 (see the
thread I'm fixing to start)or more for gas that is sourced
domestically if it means the money is not going to those raghead cock
suckers in saudi arabia to train the next wave of suicide pilots.
Never forget, on 9/11, 15 of the 19 were SAUDI ARABIANS.

>Second, the regulation that keeps out competition in the gasoline
>business needs to go away. Right now, people with money to invest should
>be opening new refineries to undercut the existing players. Problem is,
>there is no free market. It takes a decade of political games and bribes
>just to get a shovel in the ground *if* successful. All it takes to be
>unsuccessful is the office holder that went to bat for you to lose an
>election. This is absurd for everyone but big oil.

Then build them in Mexico like the other US manufacturers have done.
Sure, they will have to slip a few bribes to the Federales to get
things done, but it beats having to fight the environmental wackos and
the nimby mffy's and assorted other loons inorder to get the job done.
>> That's true. My biggest fear is that energy prices will come
crashing
>> down overnight, bringing down the stocks of Exxon/Mobil and so on and
>> the rest of the stocks and markets being the lemmings that they are
>> will follow suit....
>
>Right now the federal reserve has moved on from thehousing bubble to the
>energy and food bubble. It will burst like all federal reserve bubbles
>since their first significant one which I think was around 1919.

And then the big one in 1929.....

>> Selling a SUV is getting rather difficult these days. Some dealers
>> around here won't accept them as trades and many used car lots are
>> full of them. Eventually they are going to have to go somewhere.
>
>I have an automoile quarterly from the late 70s with a series of
>cartoons on 'what to do with your gas guzzler' :)

Care to scan a few and post the images? ;)

--
"That's interesting. I hadn't heard that. ..."
--George W. Bush on the prospect of US$4.00 gas

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On 2008-05-12, necromancer <55_sux@worldofnecromancer_no_spam_no_way.org> wrote:

> Agreed on all points. With oil at US125.00+ and climbing and the
> record profits that oil companies are making, there is no reason for
> them to not start exploiting what is here. I can only speak for
> myself, but I would be more thna willing to pay US$4.00 (see the
> thread I'm fixing to start)or more for gas that is sourced
> domestically if it means the money is not going to those raghead cock
> suckers in saudi arabia to train the next wave of suicide pilots.
> Never forget, on 9/11, 15 of the 19 were SAUDI ARABIANS.

The oppressive saudi government is, get this, proped up and supported
with US tax payer foreign aid! If the people of saudi arabia are to
remove the oppressive government they live under, they first need to
eliminate US support of it. Blowback at its finest. Now this of course
assumes those who benefited most from 9/11 were not involved in
conducting the operation.

>>Second, the regulation that keeps out competition in the gasoline
>>business needs to go away. Right now, people with money to invest should
>>be opening new refineries to undercut the existing players. Problem is,
>>there is no free market. It takes a decade of political games and bribes
>>just to get a shovel in the ground *if* successful. All it takes to be
>>unsuccessful is the office holder that went to bat for you to lose an
>>election. This is absurd for everyone but big oil.

> Then build them in Mexico like the other US manufacturers have done.
> Sure, they will have to slip a few bribes to the Federales to get
> things done, but it beats having to fight the environmental wackos and
> the nimby mffy's and assorted other loons inorder to get the job done.

Whatever bribe the new comer can pay members of mexico's government, big
oil can top it. Plus, since big oil owns much of the US government it
can effectively prevent delivery. The US is a nation of ticky-tacky laws
that are selectively enforced for a reason. The new comer would find
everything and then some would be enforced upon his efforts to get a
pipeline or tanker trucks over the border.

>>> That's true. My biggest fear is that energy prices will come crashing
>>> down overnight, bringing down the stocks of Exxon/Mobil and so on and
>>> the rest of the stocks and markets being the lemmings that they are
>>> will follow suit....

>>Right now the federal reserve has moved on from thehousing bubble to the
>>energy and food bubble. It will burst like all federal reserve bubbles
>>since their first significant one which I think was around 1919.

> And then the big one in 1929.....

Yep.

>>> Selling a SUV is getting rather difficult these days. Some dealers
>>> around here won't accept them as trades and many used car lots are
>>> full of them. Eventually they are going to have to go somewhere.

>>I have an automoile quarterly from the late 70s with a series of
>>cartoons on 'what to do with your gas guzzler' :)

> Care to scan a few and post the images? ;)

I'll dig out tonight if I remember.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

In article <gvSdnaB6AqxoP7XVnZ2dnUVZ_rXinZ2d@comcast . com >,
Brent P <tetraethylleadREMOVETHIS@yahoo . com > wrote:
>
>The oppressive saudi government is, get this, proped up and supported
>with US tax payer foreign aid! If the people of saudi arabia are to
>remove the oppressive government they live under, they first need to
>eliminate US support of it.

If the people of Saudi Arabia were to remove the oppressive government
they live under, they'd replace it with an even more oppressive
Islamic fascist state.
--
There's no such thing as a free lunch, but certain accounting practices can
result in a fully-depreciated one.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On 2008-05-13, Matthew T. Russotto <russotto@grace.speakeasy . net > wrote:
> In article <gvSdnaB6AqxoP7XVnZ2dnUVZ_rXinZ2d@comcast . com >,
> Brent P <tetraethylleadREMOVETHIS@yahoo . com > wrote:
>>
>>The oppressive saudi government is, get this, proped up and supported
>>with US tax payer foreign aid! If the people of saudi arabia are to
>>remove the oppressive government they live under, they first need to
>>eliminate US support of it.
>
> If the people of Saudi Arabia were to remove the oppressive government
> they live under, they'd replace it with an even more oppressive
> Islamic fascist state.

They might. But that is their business. Not ours.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Mon, 12 May 2008 12:29:06 -0500, Brent P
<tetraethylleadREMOVETHIS@yahoo . com > wrote:

>First, the US military and foreign policy support for big oil needs to
>be yanked. This will make the vast reserves of the americas economically
>viable.

OK, but everything I've read about this says that production of shale oil and
tar sands and any of those other difficult to get at oil sources is more than a
decade away. Processes have to be invented, perfected, pilot plants have to be
built, data taken from them so larger, more efficient plants can be built and
then the production can get underway. And that assumes that the oil is not so
deep that the energy required to lift it to the surface, or lift the rock
bearing it to the surface, does not exceed the amount of energy you finally get
out of it once it's processed into useable fuel.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On 2008-05-12, Dave Head <rally2xs@att . net > wrote:
> On Mon, 12 May 2008 12:29:06 -0500, Brent P
><tetraethylleadREMOVETHIS@yahoo . com > wrote:
>
>>First, the US military and foreign policy support for big oil needs to
>>be yanked. This will make the vast reserves of the americas economically
>>viable.
>
> OK, but everything I've read about this says that production of shale oil and
> tar sands and any of those other difficult to get at oil sources is more than a
> decade away. Processes have to be invented, perfected, pilot plants have to be
> built, data taken from them so larger, more efficient plants can be built and
> then the production can get underway. And that assumes that the oil is not so
> deep that the energy required to lift it to the surface, or lift the rock
> bearing it to the surface, does not exceed the amount of energy you finally get
> out of it once it's processed into useable fuel.

I am not talking about shale, tar sands are in operation in Canada now,
but those are only one of source in the americas. Most of the resources
are south and central america, and consists of heavier oil and/or oil
deeper in the ground. Not in rocks or sand, just thicker and/or deeper.

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Mon, 12 May 2008 15:44:27 -0500, Brent P
<tetraethylleadREMOVETHIS@yahoo . com > wrote:

>On 2008-05-12, Dave Head <rally2xs@att . net > wrote:
>> On Mon, 12 May 2008 12:29:06 -0500, Brent P
>><tetraethylleadREMOVETHIS@yahoo . com > wrote:
>>
>>>First, the US military and foreign policy support for big oil needs to
>>>be yanked. This will make the vast reserves of the americas economically
>>>viable.
>>
>> OK, but everything I've read about this says that production of shale oil and
>> tar sands and any of those other difficult to get at oil sources is more than a
>> decade away. Processes have to be invented, perfected, pilot plants have to be
>> built, data taken from them so larger, more efficient plants can be built and
>> then the production can get underway. And that assumes that the oil is not so
>> deep that the energy required to lift it to the surface, or lift the rock
>> bearing it to the surface, does not exceed the amount of energy you finally get
>> out of it once it's processed into useable fuel.
>
>I am not talking about shale, tar sands are in operation in Canada now,
>but those are only one of source in the americas. Most of the resources
>are south and central america, and consists of heavier oil and/or oil
>deeper in the ground. Not in rocks or sand, just thicker and/or deeper.

I was talking about US oil, which is the only oil that we can count on, and the
only oil that will reduce our balance of trade, and the only oil that we can
make to _not_ follow the market price and keep going right thru $250 a barrel.

If its foreign oil, we should be ignoring it for the future.
>

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On 2008-05-13, Dave Head <rally2xs@att . net > wrote:

>>I am not talking about shale, tar sands are in operation in Canada now,
>>but those are only one of source in the americas. Most of the resources
>>are south and central america, and consists of heavier oil and/or oil
>>deeper in the ground. Not in rocks or sand, just thicker and/or deeper.

> I was talking about US oil, which is the only oil that we can count on, and the
> only oil that will reduce our balance of trade, and the only oil that we can
> make to _not_ follow the market price and keep going right thru $250 a barrel.

> If its foreign oil, we should be ignoring it for the future.

It's the US corporations that developed the trading markets. It's
american irrationality, speculation, etc that cause the idiotcy, there
is no way domestic oil supplies would not get run up. Not only that,
but there's going to be a world price even if there was a more
rational way of selling and buying oil. If they could get $250 a barrel
selling to dollar rich China and only $60 selling to people say in NY,
guess where that oil is going... it's going to China. The price in the
US is going to go up to the same level as the rest of the world or the
oil will flow out. If there are price controls in the US and other
third-worlding, get ready to stand in some very long lines as the
corporate masters export the material wealth of the US just like they do
in other 3rd world countries.

The problem is market interference. More market interference to try to
have cheaper than rest of the world oil here at home will only turn high
prices and no shortages into shortages. Instead of buying gasoline at
$3.90 a gallon the price will be say $2.00 a gallon but there won't be
any for sale. It will be a soviet situation of 'is the toilet paper in
today?' If you got in line at the right time and spent your day in line
you'll get to buy five gallons for $10, otherwise you get nothing.

The only way to have cheap oil in the US is to first get the government out
of the way and stop its subsidizes of big oil. That includes the horrid
interventionist foreign policy. The second is to get rid of the
regulation that prevents new entry into the market. The solution is to
un-do all the political favors for big oil. The market will find a
supply where ever it is most profitable. This will encourage oil
producing nations to be stable it will also result in fairer trade
without the CIA and US military force being used to overthrow a
government if big oil didn't get an absurdly favorable deal. (that is
why the US federal government overthrew Iran's government in the 1950s
and has done all sorts of mischief around the world that comes back at
us in the form of desperate people being manipulated into doing crazy
things by characters such as OBL.)

Re: $126 A Barrel - Can $7 / Gallong Be Far Away

On Tue, 13 May 2008 07:27:31 -0500, Brent P
<tetraethylleadREMOVETHIS@yahoo . com > wrote:

>On 2008-05-13, Dave Head <rally2xs@att . net > wrote:
>
>>>I am not talking about shale, tar sands are in operation in Canada now,
>>>but those are only one of source in the americas. Most of the resources
>>>are south and central america, and consists of heavier oil and/or oil
>>>deeper in the ground. Not in rocks or sand, just thicker and/or deeper.
>
>> I was talking about US oil, which is the only oil that we can count on, and the
>> only oil that will reduce our balance of trade, and the only oil that we can
>> make to _not_ follow the market price and keep going right thru $250 a barrel.
>
>> If its foreign oil, we should be ignoring it for the future.
>
>It's the US corporations that developed the trading markets. It's
>american irrationality, speculation, etc that cause the idiotcy, there
>is no way domestic oil supplies would not get run up. Not only that,
>but there's going to be a world price even if there was a more
>rational way of selling and buying oil. If they could get $250 a barrel
>selling to dollar rich China and only $60 selling to people say in NY,
>guess where that oil is going... it's going to China. The price in the
>US is going to go up to the same level as the rest of the world or the
>oil will flow out. If there are price controls in the US and other
>third-worlding, get ready to stand in some very long lines as the
>corporate masters export the material wealth of the US just like they do
>in other 3rd world countries.

Well.... we just might have to Nationalize the oil companies and sell the oil
based on the cost of production, then.

>The problem is market interference. More market interference to try to
>have cheaper than rest of the world oil here at home will only turn high
>prices and no shortages into shortages. Instead of buying gasoline at
>$3.90 a gallon the price will be say $2.00 a gallon but there won't be
>any for sale. It will be a soviet situation of 'is the toilet paper in
>today?' If you got in line at the right time and spent your day in line
>you'll get to buy five gallons for $10, otherwise you get nothing.
>
>The only way to have cheap oil in the US is to first get the government out
>of the way and stop its subsidizes of big oil. That includes the horrid
>interventionist foreign policy. The second is to get rid of the
>regulation that prevents new entry into the market. The solution is to
>un-do all the political favors for big oil. The market will find a
>supply where ever it is most profitable. This will encourage oil
>producing nations to be stable it will also result in fairer trade
>without the CIA and US military force being used to overthrow a
>government if big oil didn't get an absurdly favorable deal. (that is
>why the US federal government overthrew Iran's government in the 1950s
>and has done all sorts of mischief around the world that comes back at
>us in the form of desperate people being manipulated into doing crazy
>things by characters such as OBL.)

The solution to this is to get the environmental wackos out of the way and the
NIMBYs out of the way and drill every damn square inch of land with oil under
it and an American flag over it. F'n environmentalists treat every problem, no
matter how tiny, as if there is no bottom to the money pit that needs to be
spent on it. That's why were in this shape.