Friday, April 21, 2006

So The Price Of Gas Is Starting To Hurt

I went out this morning, got gasoline for my car, and saw that overnight gas had gone to $3.05 per gallon. Later on in the day I heard on TV that President Bush's approval rating had fallen again. I wonder if the talking heads have seen the following graphic:

The red line represents Bush's approval rating; the blueline is the reciprocal of gasoline prices. In other words, when gas goes up, Bush goes down, and when gas goes down, Bush goes up.

If you recall, back in January I authored two pieces about Peak oil coming and the three things we must do: 1. fight to corner available sources, 2. switch to alternative fuels as fast as we can, 3. develop more domestic oil. The future is now.

The above graph starkly illustrates the situation the U.S. and all other developed and developing nations face; the peak is here and the competition to direct needed oil to one's own country is severe and will get much worse.

The above graph illustrates the extent of drilling activity in the U.S.A. Restrictions on drilling, largely put in place by Democratic politicians, far outweigh market factors in limiting our own drilling activity. The red line shows that activity, while the gray line shows market prices for oil. The next graph is even more telling. These restrictions (like in ANWR and in the Gulf of Mexico) have almost completely shut down exploring for new oil.

President Bush has attempted, over and over again, to push for more oil exploration and for development of nuclear power to reduce our dependence on foreign oil. The spin-masters of the Democratic Party, aided by their willing accomplices in the press and TV, have made him the fall guy instead of placing blame where it belongs - right in the laps of the Democratic politicians (especially Senator Nelson of Florida) who have been successful in stopping any new exploration and development. Their calls to get out of Iraq are also beyond comprehension.

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At 8:40 AM, Anonymous steve said...

An action we can take to limit the impact of this is increasing overall engine mileage. Unfortunately, we are not taking this action...not yet.
The largest % of oil usage by far is in gasoline usage for autos and trucks. Transportation oil use is over double the next leading usage category.
We implemented mileage standards over 30 years ago. Since then, we have not made the progress we should of because of the popularity of larger vehicles.
Mileage has remained too low.

At 10:40 AM, Anonymous Adam said...

Good article. The GOP should be pushing this energy issue more. I think we have a lot to gain here politically, since we're the only ones who are offering workable solutions.

I'd like to see Bush push harder for expanding nuclear energy. Reversing the Carter ban on breeder reactors, as well as opening Yucca Mountain, should be policy priorities.

At 2:50 PM, Anonymous Joe Alves Jr. said...

I just bought a 2001 GMC pick up truck to tow my sailboat to the boatyard and haul my kayak inside under the cap. The engine in this vehicle is a little smaller than the one that I had in my other truck, but why should I drive around in some stupid little puddle jumper and change my lifestyle because I'm getting hosed by the American oil companies? If you want them to lower the price on gasoline in this country, stop buying ExxonMobil gas, and above all, do not vote for Democrats.

At 9:50 AM, Anonymous steve said...

Joe - Your denial of reality does not change it. You go right ahead and continue your lifestyle, don't change a thing as gas surpasses $5 a gallon. You'll have the last word ok...


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