» Help Support .NET!
DCSportbikes Premier Membership for 25$ per year. Discounts! Click here for full information.

Now available in the .NET Shop:

Get your DCSBN Gear!
» Shoutbox
Sorry, only registered users have the ability to use our real-time shoutbox to chat with other members.

Register now, it's free!
» Online Users: 433
2 members and 431 guests
GRN96WS6, Slider
Most users ever online was 4,519, September 2, 2015 at 03:26 AM.
Go Back   DCSportbikes.net > Non-Sportbike Forums > Non-Sportbike Chat

LinkBack Thread Tools
Gas shortage or another smoke screen
Playing with toys
N8RIDER's Avatar
Posts: 1,587
Join Date: May 14, 2005
Location: Western PWC
Post Gas shortage or another smoke screen - April 14, 2008, 09:27 PM

I ran across an interesting article today (3 page read by Businessweek) with some highlights regarding gasoline.
<< see the second link >>

Just another reason to be thankful Bush is on the way out.
All I can say is at $75.00+ per fill, my bike is going to get a workout this summer.
After reading the article and looking at the price average I feel all twisted up.
What do you think, are we getting the run around?

(Interesting link that can pull of historic gas prices per gallon)
East Coast Averages:
Ten years ago we were at $1.02 per gallon.....
Five years ago $1.52.
Back in 2005 durring Katrina, we spiked at $3.15.
By December 05' back down to $2.22.
August 2006 almost $3.00 per gallon.
It tumbled back down to $2.15 by Jan 07'.
2007 - First Quarter - averaged $2.33 per gallon.
2007 - Second Quarter - $2.93.
2007 - Third Quarter - $2.81.
2007 - Fourth Quarter - $2.97.
And first quarter 2008 - $3.15.
Now up to $3.37 per gallon.

Will the trend continue with a new adminstration? I sure hope not!!!!!


There Is No Gas Shortage

But Washington, Wall Street, and ethanol and oil and gas companies want you to think there is, says automotive expert Ed Wallace

by Ed Wallace

"They see speculation in the market, I see decline in global inventories. I don't think this is a big surprise, that we've had a jump in price when there has been a decrease in crude inventories."— Energy Secretary Sam Bodman, Bloomberg News, Mar. 5, 2008
"It should be obvious to you all that the [gasoline] demand is outstripping supply, which causes prices to go up." — President George W. Bush, Associated Press, Mar. 5, 2008
One wonders if verifiable facts ever get in the way of this administration's statements on issues that are critical to the average American's wellbeing. After all, last time I checked, when politicians are elected to public office, or appointed, as is Energy Secretary Samuel W. Bodman, they must take an oath to the American people before assuming their new positions. How can they forget a sacred oath so quickly? Were they daydreaming when they took it, so it never meant anything to begin with? Maybe it's just another promise you have to make to get into office: When you're securely incumbent you can ignore even solemn oaths you took.
Obviously, the two quotes that led this article came from discussions concerning the current high price for oil on the futures market. Bodman appears to be protecting the speculators in oil, as opposed to looking after the interests of all Americans. President Bush, apparently, has never talked to the Energy Dept.'s Energy Information Agency to see whether gasoline demand is actually up. More troubling, the writer of that particular Associated Press article obviously didn't look up the EIA's numbers to verify the President's assertions. They weren't accurate.
1. There Is No Shortage
Gasoline reserves on hand are at the highest levels since the early 1990s, which is remarkable considering the nation's refineries have been cutting back on the production of gasoline because their margins have declined. In fact, average gasoline reserves on hand have risen since this past October, while oil reserves in this country have gone up virtually every week this year—and only fog in the Houston Ship Channel that kept oil tankers from unloading their crude one week kept it from being every week.
In the same Bloomberg article that quotes from Bodman's CNBC appearance on Mar. 4, he also said that it was thanks to ethanol that the gasoline problem isn't even worse. He then added that the fact that making ethanol is forcing up prices of other farm commodities, including hog and chicken feed, is "nowhere near as important as trying to relieve pressure on [gasoline] supplies."
Of course, there is no pressure on gasoline supplies in this country as of today, but Bodman's statement must have made eyes roll among the executives at Pilgrim's Pride PPC; the Pittsburg, (Tex.) poultry producer announced 1,100 layoffs on Mar. 13, closing one processing plant and 6 of their 13 distribution centers because their company's outlay for chicken feed went up $600 million last fiscal year and was on track to increase by another $700 million this year.
Here's the scorecard, in case you missed it. There's no shortage of gasoline or oil in the U.S. today, and we have near-record reserves on hand. Meanwhile the Congressional mandate for ethanol has jacked up the price of chicken feed for Pilgrim's Pride, which is the U.S.'s largest processor of chickens and turkeys—by $1.3 billion. And that's for just one company processing chicken. This is what passes for acceptable to our Energy Secretary?
2. Demand Is DOWN, Yet Prices Are UP
Just so we can all get on the same page, here are the verifiable facts on oil supplies, production, and gasoline demand.
In January of this year, the U.S. used 4% less petroleum than we did a year ago. (Oil demand was down 3.2% in February.) Furthermore, demand has been falling slowly since July of last year. Ronald Bailey of Reason Online has pointed out that worldwide production of oil has risen 2.5% in the first quarter, while worldwide demand has grown by only 2%.
Page 1 2 3 Next Page

PSN - nate1213

RIP Storm May 29, 2009
  Send a message via AIM to Send a message via AIM to N8RIDER  
Reply With Quote
2 wheels for life
Deep's Avatar
Posts: 8,134
Join Date: August 14, 2007
Location: Helsinki, Finland
April 14, 2008, 09:43 PM

I fear of the day when all the gas will be gone!! Nothing very promising has yet been found by researchers .. ever wonder how you will rev that engine with solar power?
  Facebook Page Send a message via AIM to  
Reply With Quote
Like a clown car on fire
Thwack's Avatar
Posts: 1,056
Join Date: February 19, 2007
Location: Alexandria, VA
April 14, 2008, 10:00 PM

Just a couple more years 'till this baby comes out...

For when she doesn't know she wants it.
  Send a message via AIM to Send a message via AIM to Thwack  
Reply With Quote
singin sweet home alabama
DvlsAdvc8's Avatar
Posts: 4,174
Join Date: March 6, 2006
Location: Huntsville, AL
April 14, 2008, 10:13 PM

::: gasp ::: Oil prices have been high with Bush/Chenney in office? NAAAHHHHHH, Bush knows how hard it is to put food on your family.

Love this part...
As famed economist John Kenneth Galbraith correctly said, "In America, the only respectable form of socialism is socialism for the rich."
I'll be damned if that isn't the truth.

oooo the money I'd save if I could convince wifey to ride to work more often.

"No race has ever been won in the first corner, but plenty have been lost there."

Last edited by DvlsAdvc8; April 14, 2008 at 10:18 PM..
  MySpace.com Page Send a message via AIM to Send a message via MSN to DvlsAdvc8  
Reply With Quote
Fun Lover or lover of fun
Timultuous's Avatar
Posts: 696
Join Date: June 14, 2007
Location: F-burg
April 14, 2008, 10:37 PM

I gree witthe article. As reserves are at an alltime high. Senator McCain has allready broken from the Bush camp stating that he would release some of the war time reserves. President Bush has inceased the reserves due to "war time conflicts". As of last Thursday, the second biggest oil deposit (shale oil) in the world was found in the midwest of the United States (Minnesota South/North Dakota area) the only reason that gas prices haven't dropped as of yet, is due to the complicity in which it will be to extract said oil. It was stated that it wil be a few years before we can reap the benefits of this new find. Why are we still depending on oil? I hate bing held by the balls and told what to do! invest in solar,the wave of the future.

R.I.P. Eric. You were truly like a younger brother to me. May you live on in all those you helped and reached out to help. You are truly missed!

tfinch: well, actually, if he did, that's fine cause it's in the pockets!
: Mike, can you feel bubbles floating around in there?

tfinch: Bubbles! Yes! Gurgly bubbles!
  MySpace.com Page Send a message via AIM to Send a message via Yahoo to Timultuous  
Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Powered by vBadvanced CMPS v3.2.3

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
vBulletin Skin developed by: vBStyles.com
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest © 2002-2010 by DCSportbikes.net. DCSportbikes.net is owned by End of Time Studios, LLC.