Ya, that's a great idea, and when we finally get to the oil that might be under them then we can use it to rebuild the coastal cities that might get swallowed up by the rise in sea level caused by the disappearance of all the glaciers. ;)

Great points! Also, why didn’t we have Senate hearings when the oil was selling for less than $10/brl not too long ago? How come no one wanted to subsidize the money losing refineries and oil industry then but everyone wants to punish them now when they’re making money? Not a fan of Halliburton per sig but I think it's unfair how they get vilified now…

Declare Energy State of Emergency and drill for oil everywhere there's oil - make energy production a tax free priority (any sort of energy = oil/gas/nuclear/hydro/wind/solar, etc.).

Every dollar we spend on oil turns into $10 of weapons we have to buy to protect us from our enemies who get rich because of our oil addiction..

Other side of coin.....
 

Seems like the other US problem (at least in FL) is showing a pulse as well.

http://www.orlandosentinel.com/busin...tory?track=rss

Wow ! someone gets it :D
One more little point here ,why no outrage over the taxes that gov. collects from said fuel sales?Its more than what the oil cos. bring in .

Very true, by about a factor of 4 ... even more in some states with high fuel taxes.

And, if the government "taxes" the evil oil companies, how do you think they will raise the capital to pay those taxes ... they will pass it on to the consumer.

As I understand it, oil companies find, drill, and produce the oil, then they sell it to refineries. Refineries can buy crude from anyone -- Exxon from Shell, Chevron from BP, etc. Refineries look for the cheapest possible price.

Refineries sell to distributors -- an Exxon refinery can sell to a Shell distributor, etc. The distributor decides who to buy from. Of course, a Shell refinery would likely offer a discount to a Shell distributor, but that still may not be the lowest available price.

Distributors sell to retailers. Retailers buy from the cheapest source, which is why you may see an Exxon truck offloading at a Fina station.


At every level of the chain everyone is trying to buy cheap and sell high. Imagine that.

Why are "evil oil companies" making record profits? Because the wells they produce from today were drilled in past years, when they used $15-25 per barrel as the estimated selling price. So, when the market got tight, they have cheap oil selling for a high price.

So, the oil companies are not "setting" the prices, except on the NYMEX when they sell to refineries. When the traders/speculators run the price up, oil companies make more money -- they are selling to the highest bidder.

You feel the same way about the Arabs who are also making out on this, even though they're not party to the pricing?

You are correct on this point. I do not believe we have hit peak oil by any stretch but I think the push toward alternative energy is going to finally be able to take hold.

One solution.... take the oil from the arabs.... wow, that was easy....

HAHAHAHAAAAAAAAAAAA that's great

that and use our own from Alaska...