Quote:
Originally Posted by Chris Craft
I also am not sure that drilling more will help. There certainly is no shortage of oil now. Refinement seems to be the bottle neck as far as that is concerted. Also all the environmental regulations for so many different blends of fuel. Low Sulfer deisel has driven up the prices HUGE. The week US currency, feer generated by the media, speculation on the comodities market, demand from countries like China....... I could go on and on. The price IMO is hear to stay and I think it is not going to stop tell we hit about 5 bucks a gallon. Then it will take some kind of new technology to come into play be it hydrogen or what ever.
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The $135/barrel cost driver is for
crude, not refined fuels. More wells means more of the raw material. You are correct that refining is also a bottleneck, but the big driver right now is the control that the Middle East has on the cost of crude.......and China is just beginning to ramp up demand. Wait a few years and we'll look back fondly on these days when China was just starting to industrialize.
It's a 3 part fix: Reduce demand where possible (just helps slow down growth, realistically); more sources for crude; increased refining.
.....and our leaders are still just hand-wringing.
Here's how we can help here at Winni. Boats running at "no wake" speed get, on average, about double the MPG than at "cruising" speed. For most of us our purpose for coming to the lake to enjoy the lake. So, take a 2 hour cruise instead of a 20-minute cruise and enjoy the view, the quiet, and the company.
