I'm optimistic! This whole bubble is going to burst and fuel prices are going to plummet. I look for it before the end of the year, but that may be too optimistic. The outrage is growing. The folks standing in the way are about to be bowled over.
I'm optimistic! This whole bubble is going to burst and fuel prices are going to plummet. I look for it before the end of the year, but that may be too optimistic. The outrage is growing. The folks standing in the way are about to be bowled over.
It's interesting how President Bush lifted the Executive Moratorium on OCS drilling...and the price of oil dropped. Guess that refutes the primary Democrat talking point that drilling here, drilling now will not affect the price for over a decade. Just imagine what would happen if congress were to get off it's duff and lift their ban on the OCS and ANWR.
This also proves that the "big oil boogey man" isn't the cause of the price run up and takes away another Democrat talking point. Market forces are. The mere possibility that the supply would increase because we get serious about drilling caused the market to tumble.
As I stated in a previous post, the Hydroplate Theory predicts that there will be massive quantities of oil discovered inside the arctic circle. Here's a recent article: http://www.bloomberg.com/apps/news?p...d=aqEDMhrCvp28
I suspect that the estimates in this article for the quantity available are very conservative.
Democrat Congressman Salizar recently sneaked language through in another bill to prohibit the exploration and exploitation of oil shale in Colorado (MP wrote much about this resource in his editorial). Couple this with Ms. Pelosi's declared war against drilling in the OCS and it should be coming clear to the American people that the Democrat party is standing in the way of lowering fuel prices and want you to pay more at the pump.
Furthermore, a recent article that I read revealed that several Democrat Congressman are trying to push through a ten cent per gallon tax increase on both Diesel fuel and gasoline. http://www.washingtonpost.com/wp-dyn...072000279.html So much for the summer tax holiday, huh. Seems our market driven reduction in demand for fuel has cut the amount of revenue taken in from the gas tax. And we all know the government can't do with less... This should be political suicide. If Republicans would get off their duffs and take up the energy issue as their own, they would have a resounding victory in November. Sadly, I don't think they have the cajones to do so.
It's too early to tell for sure, but the optimism that I expressed in the previous post may be rewarded soon as the price of oil keeps falling.
California, a few years ago raised taxes on gasoline because there was a shift toward more efficient cars, which produced a drop in tax revenues. A sizable percentage of CA's motor fuel tax goes into their general fund - meaning a percentage is not used for highway construction/maintenance.
California recently made it much more difficult for the home-brew SVO/WVO crowd to produce a diesel fuel substitute at home. CA now requires that anyone making/brewing/storing SVO/WVO bio-diesel first buy a $300 commercial fuel permit, obtain a $1M hazard insurance policy, and pay motor fuel taxes on the fuel they produce. The Governator was shocked recently to learn that he owed back taxes on the bio fuels he has burned in his Hummers. What a great state!
You can bet that as the rest of America begins to use less motor fuel, the taxes will go up to maintain the cash cow. I've asked this before, sort of in jest, about what would happen if America shifted toward electric cars...
Like tobacco, the gov really doesn't want America off fossil fuels - no matter how sincerely some in Washington believe in global warming. It's an easy to tax commodity.
Jim
"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government."
-Patrick Henry
A5150nut
2006 K3500 D/A
94 6.5 4x4 5spd Sold
Does anyone seriously believe that this was done for safety? Surely it wasn't done to control or intrude on the lives of private citizens!
California is the poster child for liberalism run amok. I really enjoy visiting parts of that state, but I certainly would not want to live there. In 2003, we spent nearly two weeks in southern and central California (Mt. Whitney, Sequoia/Kings Canyon National Parks, San Francisco for my wife to compete in the Escape from Alcatraz Triathlon, camped on Angel Island after sailing there on my brother-in-laws sail boat, Yosemite National Park among other stops). While at the Whitney Portal campground (yes, I pulled my 32' trailer up there...there were only three sites big enough to accommodate it), my reserve plastic fuel can with five gallons of Diesel in it got eaten by a bear...it was stowed under my trailer. Since we were near the beginning of the trip, I stopped at a hardware store to buy a replacement. I couldn't believe how expensive the jugs were and I couldn't find a vent on them anywhere. Then I realized that they all had some over-engineered automatic valve with automatic vent built into it on the nozzle. I asked the attendant about this and he laughed and said, "You're not from California!" I said, "No." He then explained that state law required these types of nozzles on the gas jugs.
To make a long story short, the thing doesn't poor well because the vent air has to make its way in through a small port in the pooring spout. The spout is spring loaded so that you have to hold it against the fill neck or opening of whatever you are filling (or, cheat and hold it open with one hand while holding the jug with the other and a spare knee). I still use the thing because it was so expensive to purchase. My kids and I call it the "California can" for obvious reasons. I've never seen anything like it anywhere outside of California.
This is a fine example of the effects of unchecked liberalism and an activist government. Something as simple as a fuel can has to be turned into a ridiculous pain in the butt.
I have several of those cans. I hate them, but that's all we can get anymore. They are just about worthless for filling a vehicle (or anything, for that matter). Even says so on the label, "not to be used for fueling automobiles", and you can't get one that does. They make a mess filling just about anything. But, some desert trips make it necessary, so I spend more time on cleanup when I get home. Unchecked BS is right, in so many ways. But, it's home, and we're used to the frivolous BS. The homebrew fuel tax is a joke. I don't know anyone who pays it. I'd bet the governator doesn't (or all of it, anyway). The only thing that isn't taxed here is labor, but they even get that in the end.
Anywho....
I live between Sequoia Park and Mt. Whitney. Beautiful country. Too bad it's in Kelliforneea. [did you know Sequoia is the only word in the English language using all 5 vowels, and only once each?]
Last time I checked, the man in charge out there was a Republican...how frustrating it must feel for all these conservative leaders, cleaning up all the messes left behind by tree-hugging liberals.
Agreed on the gas cans - I had one and tossed it out of pure frustration. More gas was spilled on the ground as a result!!!
2011 Chevrolet Tahoe 5.3L daily driver
- Previous owner of two 1994 6.5L K3500s, '01, '02, and '05 6.6L K2500s, '04 C4500, '06 K3500 dually, '06 K3500 SRW, '09 K3500HD SRW, '05 Denali
- Total GM diesel miles to date : ~950K
Drill hole in the handle above the fuel level and throw out the nozzle. You can get the old style nozzle as a replacement at your local hardware store. Problem solved (would prefer to get old style container then the problem wouldn't exist in the first place).
Bill
91 Buick Roadmaster/Avant 6.2 NA conversion (gone but not forgotten)
94 Cadillac Fleetwood (sold)
08 Aerolight 23TT
06 Vortec Max Silverado CC SB (sold)
10 Avalanche (electronic quagmire but love the truck)
The Constitution needs to be re-read, not re-written!
If you can't handle Dr. Seuss, how will you handle real life?
Current oil burners: MB GLK250 BlueTEC, John Deere X758
New ride: MB GLS450 - most stately
Gone but not forgotten: '87 F350 7.3, '93 C2500 6.5, '95 K2500 6.5, '06 K2500HD 6.6, '90 MB 350SDL, Kubota 7510