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Bloviating Zeppelin: Gas

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Thursday, July 24, 2008

Gas

From Bloomberg:


July 23 (Bloomberg) -- Crude oil futures fell below $125 a barrel for the first time in seven weeks (Wednesday) after a U.S. government report showed that fuel stockpiles increased as consumption tumbled to the lowest in more than a year.

A gas station in Stockton, California is selling fuel for $3.99 today.


WILKES-BARRE, Pa. (AP) - Republican John McCain on Wednesday credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign. The cost of oil and gasoline is "on everybody's mind in this room," McCain told a town-hall meeting.

He criticized Democratic rival Barack Obama for opposing drilling on the Outer Continental Shelf.


Now, oil shale, oil sands and ANWR next.

BZ

8 Comments:

Blogger TexasFred said...

Ya know, T. Boone Pickens has a really good idea about wind and other sources of energy, but I believe that old bastard has lost his mind in some ways, he says we CAN'T drill our way out of this one, and I think Pickens is full of shit....

PickensPlan

Wed Jul 23, 04:04:00 PM PDT  
Blogger ABFreedom said...

And nukes.... plenty of nukes... need them to extract the oil from the shale and the sand... hot water flowing through pipes just makes that old sand drip like the gravy on a thanksgiving turkey..finger lickin good... MMMMM...mmmmm

Wed Jul 23, 05:49:00 PM PDT  
Blogger KurtP said...

Fred, I think that windpower of Pickens is just a moneymaking plan.
He's smart enough to know that windpower at best is only a reliable source of energy about 30% of the time.
And wind is unpredictable as to when it blows, so there'll have to be instantanious power backups.

Wed Jul 23, 06:20:00 PM PDT  
Blogger Mark said...

Hang a few politicians, bureaucrats and tort lawyers, get them out of the way, and then just maybe we can go about producing some cheap energy.

Wed Jul 23, 06:38:00 PM PDT  
Blogger TexasFred said...

Kurt, I agree, I thought Pickens was full of shit when I heard it, and OIL MAN that's now against oil when it's a proven fact that we have at least as much, if not MORE oil capability than the entire Middle East and Asia??

Something smells like bullshit to me...

Wed Jul 23, 09:33:00 PM PDT  
Blogger TexasFred said...

Tree, rope, politicians, bureaucrats and tort lawyers...

Some assembly required...

Love it..

Wed Jul 23, 09:34:00 PM PDT  
Blogger Bloviating Zeppelin said...

TF: and that's SO much fodder for another post about energy. . .

ABF: oh yeah, nukes, hell yeah!

KurtP: thanks for the comment, welcome aboard and, of course, that's precisely correct. Solar, wind power, no panacea, but a small portion.

BZ

Thu Jul 24, 05:35:00 AM PDT  
Blogger shoprat said...

A three pronged approach to the problem (some conservation, some alternative sources, and MORE domestic production) is what we need but the Donks want only conservation so that can control the people more.

Thu Jul 24, 10:46:00 AM PDT  

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