[TheForge] OT--Gas prices, gas shortages, price gouging?

[Peter Fels & Phoebe Palmer]

Nah, Just naked capitalism at play.
Think of the profits when oil goes to $200 bbl and they have it there 
waiting. This year's record profits will hold them in the meantime.
The US has plenty of natural gas for fuel and the technology is already 
here. Conversion wouldn't be all that difficult.
The oil companies have vast lease holdings that remain undrilled and tested.
Like new nuke plants, new offshore drilling ought to be linked to 
entirely cleaning up the old installations and their consequences first.
When we trade a few years of power for, say, some fisheries that could 
go on feeding local folks for thousands of years...it's stupid and 
shortsighted.
We have become masters of stupid and shortsighted it seems...pf

Andrew Vida wrote:
> There seem to be covert policies in place.
> 
> For example, I'd bet that not too many of you knew that WV has LOTS of 
> oil.  Companies are drilling here all the time, and ever well they tap 
> gets capped and buried and marked.
> 
> Jonathan Barnhart wrote:
>> Drilling platforms and refineries are two differant things.  The 
>> hurricane shut down refineries in Texas not drilling.  Even if it was 
>> just drilling, we'd be getting shipments of oil from somewhere else.  
>> Yeah high oils prices will drive gas prices, but the oil execs closing 
>> refineries and keeping them closed has done more to run our gas prices 
>> up.  I'm for the pickens plan(look it up online right now).  I'm also 
>> for renewable alternative fuels too.  Hybrids aren't enough we need 
>> hybrids that run on alcohol, hydrogen,natural gas, propane, biodiesel, 
>> vegatable oils, and anything else we can think of.  Besides, there is 
>> no actual law against drilling offshore.  It's heavily frowned upon 
>> and used as another excuse to gouge prices.
>>
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