Quote:
Originally Posted by Retirednavysnipe
KRWood I am sorry to say you are way off track on your estimates of high fuel prices.
There are many variables that cause hi oil prices but the First and Foremost is:
Supply and Demand.
If you look at who is buying the most oil you will find China is leading the charge is buying in massive bulk. That in turn raises demands and lowers Supply. China is willing to purchase at premium price and give it to their population at lower prices.
Having personal knowledge of the oil that is in the US we could pull enough oil out of the Williston Basin in North Dakota, South Dakota and Montana to keep us oil dependent for over 100 years. But with enviormental blockades put on by our own government and the taxes that are levyed it is no longer cost efficient.
We have enough oil and knowledge to keep prices low, but ask the Government to suspend all the silly EPA rules and give tax breaks for alternative fuels and our problem would be solved.
Thanks you for the post.