Provoked by fuel prices

Provoked by fuel prices

There are 53 comments on the TwinCities.com story from May 14, 2008, titled Provoked by fuel prices. In it, TwinCities.com reports that:

For a while during this two-year run-up in fuel prices, it seemed as if demand were inelastic.

Join the discussion below, or Read more at TwinCities.com.

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Jessica MN

Saint Paul, MN

#42 May 16, 2008
I agree with the statement of our dependency with foreign oil. We over consume fuel. Oil companies hold too much power with our lazy addiction. Back in the day, it was normal to walk and bike a couple blocks to the gas station or parks, now we are way too dependent, or lazy, in relation to our vehicles. We waste fuel just sitting in the drive thru of a fast food place. Here's an idea, park the car and walk inside, or walk to the restaurant right down the street from where you live.

I think the reference to the school district thinking of moving the school days to 4 days to help reduce the expense of fuel was a nice touch in showing the relevance of the ever increasing fuel prices.
Ray

Saint Paul, MN

#43 May 17, 2008
Simple solution to the oil/gasoline problem. A thirty day strike, parking all commercial vehicles, would greatly lower demand. It would also allow America's enemies like the Sierra Club,and the rest of their anti-American socialist comrades such as the left wingers in Congress of both parties an opportunity to move commerce with their hot air.
Red Ryder

Minneapolis, MN

#44 May 17, 2008
Thursday, a state Senate committee killed Meli$$a Hortman's bill to put California in charge of Minnesota vehicle emissions.

Rep. Hortman has been on a bit of losing streak. First, her nanny state bill to make seat belt violations a primary offense was rejected by the full House and sent back to conference committee.

On Thursday, the Senate Business, Industry, and Jobs committee killed her California car bill on a 10-7 vote.

The vote goes to show just how liberal and out of touch this "moderate" really is. After all, both chambers are dominated by fellow democrats. In fact, the Senate is so dominated by DFLers that it has a veto-proof majority. Hortman couldn't even get her bill through the committee process and to the floor.

What does it say about your politics when your fellow Democrats kill your bill? Moreover, where's the work on real issues like health care and education? It seems Hortman's priorities are focused on things like seat belts, light bulbs, and the Olympics.

http://www.twincities.com/allheadlines/ci_927 ...
David

Brooklyn, NY

#46 May 18, 2008
The United States has stupidly built it's residential infrastructure around far-flung suburbs and superhighways, requiring the use of a car (or cars) in order to just go about one's life. The idea of driving 50 miles each way to work each day is a rediculous idea that will come to a sudden end when the price of oil begins to double.

Brazil can be independent with ethanol because the workers with actual jobs live in the cities and commute maybe a couple of miles a day, or they walk. The poor slum dwellers live in the suburbs, and they don't have jobs, so they don't commute, and certainly cannot afford cars.

Electric cars are good for low-speed city driving, not long-distance high-speed commutes where a traffic jam could find you without power and no way to recharge. Until the United States starts wising up and pushing people back into high-density housing within the cities, as it existed before World War II, the costs of energy will only go up, the frustration level will go up, and the value of suburban houses miles away from anywhere will begin to plummet.

Emptying the strategic oil reserve will provide about six weeks of fuel for the country. Drilling in the Alaskan wilderness will provide about 18 months of fuel, after a few years of exploration and infrastructure construction. Drilling in the deep water off Florida or the east coast can be done, but not at $150 a barrel, more like $250 a barrel. The oil in the upper Midwest is oil shale, requiring lots of heat, water, and mining effort to extract and refine into usable crude, and not viable under $150 a barrel. Ethanol will provide only a stop-gap, and at 60 percent of the power of gasoline, will cost much more, especially if the US cannot continue giving huge subsidies. Suing the Arabs to increase production will find them selling every drop of their oil to the Chinese or Indians, who will pay cash premiums for their supplies.

Instead of crying about the "excess profits" made by Exxon and the other oil majors, why doesn't the Federal Reserve (a private bank) buy up huge blocks of outstanding stock in those companies and rake in the dividends, just like any prudent investor these days? A windfall profits tax will only be a short-term solution. Why not buy enough shares to be able to demand a place on the boards of directors?
DizzyOne

New Rochelle, NY

#47 May 18, 2008
It's about time that the 548 people who were elected to run this country get off their collective hind ends and begin to seek solutions for this problem that is slowly but surely destroying our economy. They need to put partisan politics and their own personal interests (money & power)aside and take care of the job they were elected to do.
Tybalt

Saint Paul, MN

#48 May 18, 2008
i love the oil companies because they make it easy for me to go where i want when i want in my SUV at 80-90 mph.way out west. or on a four-wheel track up to 13000 feet. i love the oil companies. You people don't know anything.
Gritty

Minneapolis, MN

#49 May 19, 2008
If only we had built more refineries and tapped into our own oil. We would not be funding the same folks that plot to kill us. The question you have to ask is at what point does the need to keep everyone employed take over the notion that wind and ethanol are our salvation? Ethanol takes away a lot of water, raises food prices and gives us 60% of oil fuel.
Do we need to continue to build more Dubai's in the world at our expense or to fund countries that are intent on training their youth that the Great Satan should be killed by suicide bombers?
Perhaps we should drill for what we have, develop what we will need in the future to get off oil, and quit bitching about Opec putting the screws to us. We are doing it to ourselves.
I appreciate saving the environment, but you know the environment is going to be a hell of a lot worse off with a dirty bomb or a nuclear explosion brought on by terrorists that we helped fund.
It shouldn't matter which party you are for, it should matter that we are doing nothing but spending big bucks on something that would be cheaper if we used our own.Gas won't come down anytime soon and speculators won't stop doing their best to make more money on us until we do something more than complain.
GOP Crooks

Chesterfield, MO

#50 May 19, 2008
... are to blame for the ridiculous gas prices.
Tybalt

Saint Paul, MN

#51 May 19, 2008
you people don't know anything
Eric in Mpls

Buffalo, MN

#52 May 19, 2008
WJH wrote:
<quoted text>
This is good news, my fear is so many want to jump ship off oil overnight and go with renewables or alternatives even before they make economic sense. Our everyday lives and economy depend on so much on oil and to just get rid of it is pure economic suicide.
As I've said before, if oil is discovered in my back yard, I'll be the 1st one out there with a shovel.
What if oil was found in your neighbors yard - would you be the first one protesting your loss of peace and quiet?
Red Ryder

Minneapolis, MN

#53 May 19, 2008
Clinton link in Brazil ethanol probe

http://www.breitbart.com/article.php...

SAO PAULO, Brazil (AP)- A team from Brazil's Labor Ministry found "degrading" living conditions for 133 sugarcane workers employed by an ethanol company whose investors include former President Clinton and other high- profile financial players.

At five sites inspected, workers "complained they were suffering from hunger and cold, and all of the locations were overcrowded and with terrible sanitary conditions," according to a statement issued Friday by Jaqueline Carrijo, who led the inspections last month.

The target of the probe, Brazil Renewable Energy Co., known as Brenco, apologized over the weekend and said it is fixing the problems at its rural operations, which turn sugarcane into ethanol.

Clinton's connection is via an investment in Brenco by The Yucaipa Cos., a U.S.-based fund in which Clinton was a senior advisor until last year. His investment in Brenco is valued between $15,001 and $50,000, according to a financial dislosure report submitted last year by his wife, presidential candidate Hillary Rodham Clinton.

>>>>
1988: Two penniless grifters from Arkansas.
20 years pass with no real private sector employment.

2008: Net worth of Clintons is $100 million to $200 million.
Jeff

Fort Worth, TX

#55 May 20, 2008
The current price of Gas, and diesel has nothing to do with supply / demand. It's all about profits. Tankers are sitting all over the world, full, waiting to be sold. US refineries are running at less than 90% capacity. US consumption has dropped in the last months by 5-6%. You know why the price is so high? Because the greed-mongers who can't make a killing in the subprime mortgage market have shifted to something that is much less regulated...futures in oil. Check it out at Businessweek.com , read Ed Wallace's latest three columns....
Mike Arlington

Minneapolis, MN

#56 May 21, 2008
Jeff wrote:
The current price of Gas, and diesel has nothing to do with supply / demand. It's all about profits. Tankers are sitting all over the world, full, waiting to be sold. US refineries are running at less than 90% capacity. US consumption has dropped in the last months by 5-6%. You know why the price is so high? Because the greed-mongers who can't make a killing in the subprime mortgage market have shifted to something that is much less regulated...futures in oil. Check it out at Businessweek.com , read Ed Wallace's latest three columns....
OPEC chief: Oil market well supplied despite new record

Greed is all around. This headline from Businessweek.com says it all

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