News-Record.com

I predict $3.50 will be the breaking point for gas prices - we can absorb to that, and above things start to really slow down.

http://ybiofuels.livejournal.com/152907.html

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btw - don't blaim the station owner:
http://money.cnn.com/2008/04/24/news/economy/gas_gouge/index.htm

I've also heard the price at the pump is based on the NEXT tanker coming in .. so the station the LTE mentioned must have just received a phone call.

"I predict $3.50 will be the breaking point..." Remember when everyone was whining about $2 gas, then $3 gas?

"I've also heard the price at the pump is based on the NEXT tanker coming in.." I find that hard to believe.

What happened the miracle of biofuels?

Heard this yesterday about biofuels in Germany, what was perceived as a great promise is no more:

http://www.npr.org/templates/story/story.php?storyId=89893155

And a 10-15% rise in bread England, pretty steep for even a 1st world country but imagine in 3rd world countries.

http://www.npr.org/templates/story/story.php?storyId=89676007

This is a classic result of European and American socialist and environmentalist pipe dreams. They truly believe that the planet is in immediate peril and they have the power to save it with increased regulations and programs for the rest of us. Meanwhile they block further oil extraction (can anyone say ANWR?) and launch large mandatory programs such as biofuels without any forethought, thinking it will be the panacea.

Result: higher gas prices for all, more deforestation to plant crops, which leads to more 'global warming', biofuel crops competing with food crops thus raising food prices, which is increasing starvation and violence in 3rd world countries due to high food prices.

http://iht.com/articles/2008/04/15/business/15food.php

http://www.mcclatchydc.com/economics/story/33945.html

THANK YOU, GEORGE W. BUSH and JOHN McBUSH!

It's ironic Demon Deacon and I posted at exactly the same time. What is not ironic is the difference in the posts.

I provide links from sources most would consider credible, NPR and IHT, that explain high gas and food prices and their effects, not only here but worldwide.

Demon Deacon blames it all on the Bush and one senator who is running for president.

I suppose if Hillary or Obama is elected they can magically change world prices for a commodity. They can just tell India and China to quit using oil, problem solved.

Dan,

It's LC's usual style of bomb throwing. It's easy to say that it is Bush's fault, without any facts. LC's like Robert Healy of the HPE. His columns are written such as that it always ends as a Bush rant regardless of the subject of the column. I guess LC and Healy truly have BDR. For shallow-minded people who are unable to think, just say it is Bush's fault.

Hey TLC, where are your democrats now?

http://thehill.com/leading-the-news/house-gop-challenges-pelosi-for-gas-price-plan-2008-04-22.html

While I do partly blame the government for high food and gas prices - i.e. the ethanol myth and less polluting/more expensive summer gasoline - this is not the fault of GWB and John McCain.

I don't know how much we can do with oil. IIRC, the demand isn't the main cause for the high price, at least not yet. It had more to do with the price elasticity of oil, since we don't have a way to live without it.

Tipping point, we're there man. Look at the number of people looking at hybrids, trading cars for better mileage (I'll be one as well very soon. 11mpg is not fun right now), there's not a real solution I've heard from any of the candidates to this issue. Sure, ANWR drilling can help in the short run, but long term, oil is a dying industry. Unless we find a renewable resource to power our lifestyles, it's only going to get worse.

I can't remember who it was that said it, but they advocated a "Manhattan Project" style push to develop a new energy source to replace oil. Sounded great to me, too bad they weren't running for office. Just look at the progress Brazil has made in the use of Biofuels, and not just corn like we're doing here. It's not perfect, but I don't think we can afford to wait until the next batch of dinosaurs die and make us some more oil.

Maybe we can get the Iranians, North Koreans, and Syrians to make us up a good ol' mess of nuclear energy. Seems like they're spending a lot of time trying to develop it. Let's help them.

"It’s important for the president to explain in clear terms what high energy prices will not only do to our economy, but what high energy prices will do to the world economy. It is in the Saudis’ best interests for the price of oil to mellow out. It’s not only in our country’s best interest; It needs to be explained to them it’s in their best interests. And I will do so."-George W. Bush 1/00

"What I think the president ought to do [when gas prices spike] is he ought to get on the phone with the OPEC cartel and say we expect you to open your spigots...And the president of the United States must jawbone OPEC members to lower the price."-- Bush 1/00

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Gotta love the folks who don't read and support Bush, Cheney, McBush et al.

"Demon Deacon blames it all on the Bush and one senator who is running for president."

So, what do you get when you elect a Texas oil man President?
Record profits for the oil companies and record prices at the pumps. Can you hear me now?

Remember little Danny, Bush/Cheney/McCain allowed the oil companies to actually write the oil policy. Cheney refused to release ANY minutes or written transcripts of his "Energy Task Force".

Oh, I forgot that you STILL defend the Bush/Cheney administration. Laugh out freaking loud! Go buy a book on world history and quit listening to Sean Hannity, Rush Limbaugh and Bill O'reilly. You won't appear to be such a mental lightweight then, and perhaps you MIGHT even learn something. : )

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What happened the miracle of biofuels?

The better question is who made corn based ethanol and biofuel of choice?

http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080312/COMMENTARY/904562537

.. but it's a tried and true methodology.

http://zfacts.com/p/426.html

wait .. wait .. the Energy Policy Act of 2005 was ... when ?? 2005 ?? .. when the congress and adminstration were in the clear and absolute control of the conservative Republican party?

What ever happend to the Simple Up or Down Vote for Common Sense ?? ... oh, they did that .. which is how we got the ever so conservative Energy Policy Act of 2005.

Tell me Tom - is the Energy Policy Act of 2005 stupid or evil?

" 'I've also heard the price at the pump is based on the NEXT tanker coming in..' I find that hard to believe. "

took a bit of looking:

"4) There is no rational reason why retail gas prices at the local pump ...

" ... the retail price of gasoline at the pump is based upon expected replacement costs relative to current demand. In technical terms, the cost of the wholesale gasoline already in the reservoir at the local pump is a "sunk cost" (literally and figuratively), while parting with it by selling it to retail gasoline consumers is an "opportunity cost." In economics and in business, opportunity costs matter more than sunk costs."

http://www.mises.org/story/1936

Yeah right Demon Deacon, just ask the Chinese and Indians to quit using oil. You are naive.