Category: When will the madness end? Gasoline could be around $4.50 per gallon for the national average and certainly will be later this summer when refineries turn their attention to producing #2 home heating oil for the winter.
Oil executives were in front of Congress this week to answer questions about why oil has unprecedentedly skyrocketed. The answer they had was, supply and demand. It’s a market economy. They will sell oil at the highest rate possible, no matter what. As I’ve said before, this is capitalism at its best (or worst) depending on how you look at it. Tell me why the government will step in and break up a large company for being a monopoly, yet they don’t consider oil as a monopoly as far as energy is concerned? Obviously, there are a number of oil companies. Can’t do anything there. One basic answer is that companies can be national, but oil is trading globally. We don’t seem to have much leverage on a global scale. That was proven last week when President Bush visited Saudi Arabia and got nowhere.
To be brutally honest, we need to make full use of the oil fields, shale fields and oil sand fields we have. No matter where they are located. I love nature. But I want to survive too. If our nation is unable to invent and deliver a satisfactory supply of alternate energy supplies or means, aside from growing biodiesel which is proving to be more detrimental than helpful, we need to utilize what we have at our disposal. Whether its Alaska, the Mid-West or offshore. And if we need more refineries, the government needs to step in and use eminent domain. It sucks. But may be necessary.
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We also need to concentrate on Bioheat. Using as oil alongside biodiesel to produce better, greener oil heat. I have been working for NORA, and all I see is either the need for oil users to go green or eliminate high maintenance costs. The advantage of bioheat is that it can help us conserve 400 MILLION gallons of oil and therefore, maybe stir the pricing pot a bit, resulting in lower prices? Maybe. Who knows if we don’t give it a shot. Check out the site I got my info from: http://oilheatamerica.com/index.mv?screen=bioheat
It has tons of info regarding bioheat and a really in-depth FAQ.
This is just another reason why we need to move as quickly as possible, (much as in the same manner as Kennedy’s challenge to get a man on the moon) to alternative energy vehicles.
I know, I know, we will have to build more electrical plants. B.S!!!
I know of little old engineers that power their cars on solar energy right out of their homes. Don’t tell me we aren’t smart enough!!!