Cuba Drills For Oil Off Florida

[Rickster71]

Saudi Arabia $0.91

Kuwait $0.78

Egypt $0.65

Nigeria $0.38

Venezuela $0.12

 

[Halon451]

Saudi Arabia $0.91

Kuwait $0.78

Egypt $0.65

Nigeria $0.38

Venezuela $0.12

Yeah, we should really stop whining so much...

 

[rnatalli]

Perhaps someone forgot to post the link for the data regarding gas prices around the globe instead of copying and pasting the last 5 on the list.

http://money.cnn.com/pf/features/lists/global_gasprices/

These are 2005 prices so the prices towards the top of the list are much higher today. And the 5 countries at the bottom all have oil. Wait till they run out and have to buy from abroad.

Quite frankly, if chaos breaks out in this country, I'll be on the first plane out with my EU passport in hand and my US passport stored. But I don't think it'll come to that.

Here's a solution, stop allowing oil to be traded and take away the speculation which accounts for like 40% of the price. Problem solved.

 

[Halon451]

Perhaps someone forgot to post the link for the data regarding gas prices around the globe instead of copying and pasting the last 5 on the list.

http://money.cnn.com/pf/features/lists/global_gasprices/

These are 2005 prices so the prices towards the top of the list are much higher today. And the 5 countries at the bottom all have oil. Wait till they run out and have to buy from abroad.

Quite frankly, if chaos breaks out in this country, I'll be on the first plane out with my EU passport in hand and my US passport stored. But I don't think it'll come to that.

Here's a solution, stop allowing oil to be traded and take away the speculation which accounts for like 40% of the price. Problem solved.

It should also be noted that the last five on the list with the exception of Egypt are card-carrying members of OPEC. The entire point of this topic based on Cuba's actions was what are we doing in order to not be held so hostage by these countries, when we have tons of resources in our own sovereign territory that will effectively arrest the out of control climb in gas prices here in our own nation, yet we can't seem to find the fortitude or common sense to drill it.

 

[rnatalli]

It should also be noted that the last five on the list with the exception of Egypt are card-carrying members of OPEC. The entire point of this topic based on Cuba's actions was what are we doing in order to not be held so hostage by these countries, when we have tons of resources in our own sovereign territory that will effectively arrest the out of control climb in gas prices here in our own nation, yet we can't seem to find the fortitude or common sense to drill it.

This is where I disagree. Gas prices are not out-of-control. US prices are middle-ground by comparison to the rest of the world. There's no sense drilling our own resources unless the prices start exceeding $5. And drilling without a long-term plan would be foolish as once we use up what we have we'll really be stuck. When those countries run out of oil, we can really stick it to them. Besides, even if we drill our own oil, it isn't like we could use it for $0.12/gallon. There's a lot of overhead that has to be covered and I think the last report put the number at around $2/gallon.

 

[Rickster71]

Perhaps someone forgot to post the link for the data regarding gas prices around the globe instead of copying and pasting the last 5 on the list.

I didn't forget anything. My point was to show countries that had lower prices. Some of these prices are higer now. (Literally by pennies)
I copied them from one of my earlier posts in another thread. Below is my entire post:

As far as gas prices go, the U.S. simply isn't friends with the right countries.
Below is a list of recent (per gallon) gas prices.
When I say recent prices; friends of ours just came back from a vacation in Egypt, and verified the price there.

Saudi Arabia $0.91
Kuwait $0.78
Egypt $0.65
Nigeria $0.38
Venezuela $0.12

 

[Halon451]

This is where I disagree. Gas prices are not out-of-control. US prices are middle-ground by comparison to the rest of the world. There's no sense drilling our own resources unless the prices start exceeding $5. And drilling without a long-term plan would be foolish as once we use up what we have we'll really be stuck. When those countries run out of oil, we can really stick it to them. Besides, even if we drill our own oil, it isn't like we could use it for $0.12/gallon. There's a lot of overhead that has to be covered and I think the last report put the number at around $2/gallon.

Okay, so we can have this discussion again this time next year when gas is well in excess of $5/gal. Seriously, I don't think anyone believes oil is the permanent solution, that is plain foolish. Nor does anyone expect to see the price of gas in the US drop to 12 cents, it's unrealistic. What we need to do is bridge the gap between our current situation and the non-oil dependent technology that is coming up to speed. That is where our own resources comes into play. There is quite enough evidence now that shows we will have viable economically affordable automobiles that do not rely on gasoline within the forseeable future. That's when we'll really be able to stick it to 'em.

 

[Pyrrho]

... Seriously, I don't think anyone believes oil is the permanent solution, that is plain foolish. ...

We agree more than it appeared at first.

Regarding being able to afford high gas prices, quite a few people are in a bad way due to their own choices. When they originally went to the dealer to buy a car, did anyone point a gun to their head and make them buy a huge SUV instead of a much cheaper economy car? Did anyone point a gun at their head and make them buy a house far away from work, so that they would have a long drive to work, and therefore need more fuel? Were they so stupid that they did not realize, regardless of some temporary fluctuations in price up and down, that the overall trend has been increasing fuel prices for decades, and that it is only reasonable to suppose that prices will tend to overall go higher in the future? Additionally, most people do not spend their money wisely, and waste it foolishly, so they don't have a reserve. Excluding those who are extremely poor (and therefore are unable to do so), only stupid people don't live well within their means. Most people who have a problem frankly have a problem due to their own gross stupidity. If it were all unforeseeable or everything totally out of their control, I would have sympathy for them. But there is no getting around the fact that people who do stupid things without thinking about the future are going to have some nasty surprises. To use a homely expression, they have made their beds, and now they must lie in them.

 

[Halon451]

We agree more than it appeared at first.

Regarding being able to afford high gas prices, quite a few people are in a bad way due to their own choices. When they originally went to the dealer to buy a car, did anyone point a gun to their head and make them buy a huge SUV instead of a much cheaper economy car? Did anyone point a gun at their head and make them buy a house far away from work, so that they would have a long drive to work, and therefore need more fuel? Were they so stupid that they did not realize, regardless of some temporary fluctuations in price up and down, that the overall trend has been increasing fuel prices for decades, and that it is only reasonable to suppose that prices will tend to overall go higher in the future? Additionally, most people do not spend their money wisely, and waste it foolishly, so they don't have a reserve. Excluding those who are extremely poor (and therefore are unable to do so), only stupid people don't live well within their means. Most people who have a problem frankly have a problem due to their own gross stupidity. If it were all unforeseeable or everything totally out of their control, I would have sympathy for them. But there is no getting around the fact that people who do stupid things without thinking about the future are going to have some nasty surprises. To use a homely expression, they have made their beds, and now they must lie in them.

I'll certainly give you that - you see it everywhere you look, people living beyond their means, but people are free to make their own decisions as they see fit for themselves, even if it doesn't make a lick of sense to the rest of us. It's not the SUV owners who are to blame for our current situation, it is the weakening dollar and lack of internal refining capacity that are the key drivers in shooting prices up at the pump. Everyone likes to blame the oil companies too - I'm one of them, trust me - but their profit margins are consistent if not lower than the corporate standard in the US. They claim a 40 billion dollar profit, but also, what is their total revenue? Again, OPEC comes into the picture, and foreign oil, and our lack of resolve in sustaining ourselves with our own supply as much as practical.

Yes, as good-minded Americans, we must preserve the notion that there is not an unlimited supply no matter where it comes from. That one day, eventually if newer techology was not becoming available, it would run out. We're not in terrible shape to turn things around, and it will happen - but that doesn't mean we have to suffer the interim consequences that we have the power and means to negate by utilizing what we have.

This is like owning a resturant, and the people who supply your potatoes keep jacking the price up more and more each day, yet you have 10 acres of potatoes growing right outside your back door, and you're not willing to step outside and pluck them out of the ground even to save your own a$$.

 

[rnatalli]

That's when we'll really be able to stick it to 'em.

I can't wait

 

[Alamar]

So what are the chances that plug-in hybrids or whatever can come to the rescue???

BTW: Why oh why are we just now starting to wake up and care about this issue?? Oh yeah I know because we're [collectively] dumb.

 

[Shadow_Ferret]

So what are the chances that plug-in hybrids or whatever can come to the rescue???

BTW: Why oh why are we just now starting to wake up and care about this issue?? Oh yeah I know because we're [collectively] dumb.

You'd think after the gas crisis and rationing of the 1970s that someone with half a brain would have started developing alternative fuel vehicles back then.

Instead we made cheap crappy compacts (Pinto? Monza?) for a few years until we returned to Supersizing and forgot all about the 70s and lines for gas.

 

[Halon451]

You'd think after the gas crisis and rationing of the 1970s that someone with half a brain would have started developing alternative fuel vehicles back then.

Instead we made cheap crappy compacts (Pinto? Monza?) for a few years until we returned to Supersizing and forgot all about the 70s and lines for gas.

People in this country have a short-term memory, that much is a fact.

 

[yettitheman]

You'd think after the gas crisis and rationing of the 1970s that someone with half a brain would have started developing alternative fuel vehicles back then.

Instead we made cheap crappy compacts (Pinto? Monza?) for a few years until we returned to Supersizing and forgot all about the 70s and lines for gas.

Pinto; because our gas tanks are quality spelled BANG