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Re: O.T., GAS UP
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Posted by buickanddeere on May 21, 2007 at 10:56:37 from (209.240.120.246):
In Reply to: O.T., GAS UP posted by NEsota on May 21, 2007 at 07:24:14:
Do the math. Supply & demand.
As for greed? Would you personally sell an item for $2.00 when you could get $3.00. Some hypocrites on some other posts here.
Current world reserves, cost to drill, pump, transport, refine & transport.
Demand in the rest of the world including China & India. Don't forget there are other energy consuming, growing industrial & personal demands on this planet earth besides the US. I don’t know why but many Americans have no idea about the rest of the world except what they see on TV.
Most of the known oil & gas fields are past peak production capacity. Or access is against environmental laws or just impractical.
Biodiesel & ethanol may become fuel additives but can not ever be a sole energy supply for North America.
Crude oil will have to be gradually replaced with coal gasification and/or oil producing algae raised in salt water/brackish water ponds in Southern States..
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