Comments on: Congress Uses Big Oil as Scapegoat http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/ Six guys who have never been in your kitchen. Fri, 12 Mar 2010 01:21:25 -0800 hourly 1 By: U.S. versus European Gas Prices | Babeled http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-10262 U.S. versus European Gas Prices | Babeled Mon, 01 Sep 2008 06:40:15 +0000 http://www.babeled.com/?p=266#comment-10262 [...] of fuel is a hot topic, widely covered and discussed, and often misinterpreted. I tend to babel on oil and gas prices and the tangential issues that influence these moving targets, and have a new piece of the puzzle [...] [...] of fuel is a hot topic, widely covered and discussed, and often misinterpreted. I tend to babel on oil and gas prices and the tangential issues that influence these moving targets, and have a new piece of the puzzle [...]

]]> By: Greg Molyneux http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4684 Greg Molyneux Thu, 22 May 2008 21:01:00 +0000 http://www.babeled.com/?p=266#comment-4684 It's horrible. It was the situation that was just pushed aside and pushed aside, and now it is finally coming to a head. Of course we are the suckers that are forced to clean up and pay for this gigantic mess. It’s horrible. It was the situation that was just pushed aside and pushed aside, and now it is finally coming to a head. Of course we are the suckers that are forced to clean up and pay for this gigantic mess.

]]> By: Jonathan Carr http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4675 Jonathan Carr Thu, 22 May 2008 18:37:28 +0000 http://www.babeled.com/?p=266#comment-4675 I agree Greg. How could our biggest problem not be addressed over the past few decades? Ever think about how much fuel those oil tankers use as sea to bring oil to the US for refinement? Then..how much the 18-wheelers use to transport the refined gas to the gas stations? I agree Greg. How could our biggest problem not be addressed over the past few decades?

Ever think about how much fuel those oil tankers use as sea to bring oil to the US for refinement? Then..how much the 18-wheelers use to transport the refined gas to the gas stations?

]]> By: Greg Molyneux http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4660 Greg Molyneux Thu, 22 May 2008 14:30:38 +0000 http://www.babeled.com/?p=266#comment-4660 I read this CNN article yesterday morning at work, and it was very frustrating. The whole situation is just coming to head after years (decades even) of denial. The whole geopolitical environment has just looked the other way from the inevitable and we now find ourselves in a classic finger pointing situation where the government is trying to make itself appear as a victim almost. There are lots of parties to blame for this mess, but most of it rests on the shoulders of poor political foresight. The sad part is, it is very easy to make Big Oil look like the Big Evil. I read this CNN article yesterday morning at work, and it was very frustrating. The whole situation is just coming to head after years (decades even) of denial. The whole geopolitical environment has just looked the other way from the inevitable and we now find ourselves in a classic finger pointing situation where the government is trying to make itself appear as a victim almost.

There are lots of parties to blame for this mess, but most of it rests on the shoulders of poor political foresight. The sad part is, it is very easy to make Big Oil look like the Big Evil.

]]> By: Jonathan Carr http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4638 Jonathan Carr Thu, 22 May 2008 03:04:19 +0000 http://www.babeled.com/?p=266#comment-4638 I heard on the radio that companies who make the numbers which get put up on gas station signs have sold out of the number 4. Whats even more scary is that they reported selling a decent amount of the number 5. Whats going to happen in August when gas is approaching $5 per gallon and a major storm hits the Gulf of Mexico? I heard on the radio that companies who make the numbers which get put up on gas station signs have sold out of the number 4. Whats even more scary is that they reported selling a decent amount of the number 5. Whats going to happen in August when gas is approaching $5 per gallon and a major storm hits the Gulf of Mexico?

]]> By: Jack Gamble - Man Overboard http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4637 Jack Gamble - Man Overboard Thu, 22 May 2008 02:34:23 +0000 http://www.babeled.com/?p=266#comment-4637 is it just happenstance that this weekend is memorial day and gas prices will spike regardless of any outside influence? Timing is everything is it just happenstance that this weekend is memorial day and gas prices will spike regardless of any outside influence? Timing is everything

]]> By: Jonathan Carr http://www.babeled.com/2008/05/21/congress-uses-big-oil-as-scapegoat/#comment-4635 Jonathan Carr Thu, 22 May 2008 01:40:53 +0000 http://www.babeled.com/?p=266#comment-4635 Companies such as Exxon-Mobile are not to blame. They are seeing normal profits just like every other corporate organization that conducts business for profit. The oil companies being grilled today as the scapegoat was futile. Here are some reasons that actually explain why gas prices are up. 1) The crude that comes out of the Earth is no longer the sweet light crude that use to. It is now darker and rougher, making it more expensive to extract. 2) Global demand is up in places that are in the middle of their industrial revolution (China and India). Crude oil use in China is up 5% from last year alone. 3) The middle east is very unstable at the moment which adds speculation to the fire. I have been with you since your previous post Jay. I wrote an article about this that can be found <a href="http://www.atlaseditorials.com/2008/05/02/why-does-gas-cost-so-much/" rel="nofollow">here</a>. I think it is hypocritical for our government to point the finger at the private sector when they could be approving the construction of nuclear power plants and Alaska/Off-shore drilling for oil. Cuba can drill 75 miles off the coast of Florida, but we cannot? Our government needs to put their money where there mouth is. Companies such as Exxon-Mobile are not to blame. They are seeing normal profits just like every other corporate organization that conducts business for profit.

The oil companies being grilled today as the scapegoat was futile. Here are some reasons that actually explain why gas prices are up.

1) The crude that comes out of the Earth is no longer the sweet light crude that use to. It is now darker and rougher, making it more expensive to extract.

2) Global demand is up in places that are in the middle of their industrial revolution (China and India). Crude oil use in China is up 5% from last year alone.

3) The middle east is very unstable at the moment which adds speculation to the fire.

I have been with you since your previous post Jay. I wrote an article about this that can be found here. I think it is hypocritical for our government to point the finger at the private sector when they could be approving the construction of nuclear power plants and Alaska/Off-shore drilling for oil. Cuba can drill 75 miles off the coast of Florida, but we cannot? Our government needs to put their money where there mouth is.

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