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We’re Not Interested In Lowering Gas Prices
13 Mar 2012 14:10 #86
by ScienceChic
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Replied by ScienceChic on topic We’re Not Interested In Lowering Gas Prices
The only solution to high gas prices — with charts!
Energy Policy
By David Roberts
13 Mar 2012
Source: EIA
Even if oil is produced from the Keystone Pipeline, it won't affect our prices because it goes into the world supply chain. Since oil is decreasing in quantity available, and becoming increasingly more expensive to obtain, it will only get more expensive. The solution is to reduce our consumption as much as possible.
Energy Policy
By David Roberts
13 Mar 2012
About a year ago, when the last episode of Gas Price Mania was gearing up, Sen. Jeff Bingaman (D-N.M.) gave an extraordinary speech on the floor of the Senate. He explained that the price of gasoline is tied to the price of oil, the price of oil is tied to events outside America’s control, and the only way to reduce vulnerability to gasoline and oil prices is to use less gasoline and oil. It’s a simple truth, rarely spoken among national politicians.
Last week, Bingaman did it again, using handy charts blown up on poster board.
...we do not face cycles of high gasoline prices in the United States because of a lack of domestic production. We do not face these cycles of high gasoline prices because of lack of access to federal resources, or because of some environmental regulation that is getting in the way of us obtaining cheap gasoline.
As was made clear in a hearing we had in the Senate Energy Committee in January, the prices that we are paying for oil and the products refined from oil, such as gasoline, are set on the world market. They are relatively insensitive to what happens here in the United States with regards to production. Instead, the world price of oil and our gasoline prices are affected more by events beyond our control...
Source: EIA
If we want to reduce our vulnerability to world oil prices and to volatility of world oil prices, the most important thing we can do is to find ways to use less oil.
Even if oil is produced from the Keystone Pipeline, it won't affect our prices because it goes into the world supply chain. Since oil is decreasing in quantity available, and becoming increasingly more expensive to obtain, it will only get more expensive. The solution is to reduce our consumption as much as possible.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
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