Gas prices strategy

[bzbatl]

Originally Posted by mikem317

Hmmm. Let's take a look at other countries' mean pump prices (US $ equiv.)

Venezuela, $0.12
Nigeria, $0.38
Egypt, $0.65

http://money.cnn.com/pf/features/lis...bal_gasprices/

To do an accurate comparison, you need to look at countries that are somewhere even remotely near any of the US's economic stats.

England, $5.79
Germany, $5.57
Japan, $4.24

The one that I really don't get, though, is San Juan at $1.74. WTF?!?

[bzbatl]

Originally Posted by bassholic

A band aid b/c eventually it will run out. Now i do not know the time frame our when. What if we use our oil run out and the mid-west is still going? As i said i am not in the BIZ so i do not know everything.

So should i assume you are only thinking about your wallet now and maybe not 3 generations down the line from you?

Poor argument for foreign reliance. Let's say, for the sake of this argument, that all the Middle East's oil dries up unexpectedly in 5 years - say the estimates were wrong.

If we started exploration and drilling today, in 5-10 years we could be providing our own country with say, 40% of our own oil. How exactly is that a bad thing, even if it only lasts 30 years?

Even if we ran out completely (not likely) we only get 30% of our oil currently from the Middle East. Our reliance on Middle Eastern oil has declined steadily since the '70s.

If anything, *Canada* really has us by the balls.

[bassholic]

I was saying that drilling our own oil to lower prices would be a bad option. Unless the gauging kills our economy don't touch

[emw]

Originally Posted by bassholic

I was saying that drilling our own oil to lower prices would be a bad option. Unless the gauging kills our economy don't touch

No, of course. Might as well just let it sit there. Much more sensible...

[mikem317]

Originally Posted by bassholic

I was saying that drilling our own oil to lower prices would be a bad option. Unless the gauging kills our economy don't touch

There's a cost for EVERYTHING. Yup, even waiting. It's called opportunity cost.

The costs associated with drilling is largely an ecological issue. Which of course, is tied closely to political agendas.