OIL PRICES-CONTINUED

ALASKA PIPELINE

Everyone remember the Alaska Pipeline? That page I just linked shows that it produces millions of barrels of oil a day. So, where is that oil going? Its not coming here.


porchwise said...

...and the rich get richer and the poor get poorer...

That's the one side effect that even Bush has noted about these two disasters, they've exposed the economic divde in our country and how wide that divide has become.

Sgt Fluffy said...

Holy crap!. The friggin State Government is the one and the Fed might I add are the ones taxing it to death. Also, what about the 47 some odd special blends everyone has to have? my god, these idiots are trying to destroy the economy by attacking something they depend on for revenue. Tobacco ring a bell? They tax the crap out of it, sue it, tax the crap out of it again and then wonder why there is a thriving black market for tobacco and the revenue is down....clueless absolutely clueless

Well, yes each region of the country has different blends or addatives in their gasoline for enviromental reasons, but when they thought there was going to be a major shortage, Gov. Riley relaxed the rules concerning blends, thereby allowing us to accept gas from other regions of the country including NY and CA which have stricter blend codes than we do.

As for the taxes, that is the one thing some states are pulling back on but so far ALabama hasn't decided to do it. And as for tobacco taxes, we don't need tobacco to get back and forth to work or to the grocery store.

mojoala said...

Supply and Demand, my butt hole!

Moral ethics have to come in to play somewhere. You don't jack up prices during eras of natural disasters! Period!

Sarge, you a tobacco user? If not, stop ranting, it's a moral sin tax. And yes you have to tax the gas, we gotta maintain the roads that we drive 80 mph on.

I had to agree on one point, oil and gas companies were warned long before those hurricanes hit, that the government would not stand for price gouging. And they did it anyway. The prices started climbing here when they said that the supply lines coming into the Southeast had been destroyed, but a day or two later, they annouced that only a couple of pumps had been knocked offline but the supplylines were fine.

What the government should do, is when these companies start disclosing their earning for the quarter to their stock holders, the government should seek to reclaim some of those earnings, because you know they are going to have major increases in earning as these two hurricanes. The government did it before by leveling a "windfall profit tax." back in the late 70s early 80s.