Bush is really a moron.
 

He wants the Saudi's to raise oil production, as if oil production is the reason the cost of oil is up...it isn't.

http://www.cnn.com/2008/POLITICS/05/....ap/index.html


I fully agree with OPEC, there is no reason what so ever to raise production. Try refining more fuel...or not trading based on the hammered dollar. This is just a "please let my approval rating go up" PR nightmare.

Last time I looked crude oil prices were a record high, so more production should help.

That said I do agree that Bush is a moron.

Production isn't the problem, there is plenty of oil.

It's really our limited refining capacity, and it's been that way for quite awhile. It's basically a bottleneck. More crude oil doesn't mean it'll get refined any faster.

Bingo, thank Nixon and the creation of the EPA which hasn't allowed a new refinery to be built since the 70's. Lets save the planet, we just will not be here ;)

getting the middle east to produce more oil doesn't help us, we get the majority of our oil from canada.

Let's drill Alaska. Caribou are tasty anyway.

The problem with gas supply in US
 

As long as states and locals governements are lowering taxes to please the electorate and keep gas price the lowest in the (at least NON EXPORTING) world, well I encourage contry to reduce shipment of oil to US. There are way to many big cars and hummers and SUV's (which by the way should be illegals). Only when price of gas will be at par with europeen contries i.e. 5$ and more per gallon will supply of oil to US should be resumed.

Canada should also reduse flow to US we are a major producer of oil and should enjoy cheaper price then US despite higher taxes. I dont blame taxes for higher price I blame contries like US that dont taxe gas so that consumer enjoy cheaper price and spoil gas.

As for Alaska oil, well if US wants to exploite it good but it has to go trough Canada and we should charge more then an arm and a leg for the rigth of passage. Since none of the US gov and local one will taxe it.

The only way is to taxe the hell out of gas so pple start using smaller car.... at the end it will be better for every one, cleaner air, cheaper on consumer and more revenue for governement... who knows maybe there will be good free medical care in the US.

And I know its to late for that but Bush should have never been president, someone brave should have taken care of him at the begining. The world would have been a better place and Hell would have realy deserved its name. But its too late now.

u got me at SUV's should be illegal. :bustingup

Well Canadian old man.......

Not sure if i should welcome you to X5world or not. What i think i will do is wait and see how long it take before someone puts you in your place.

Stand By

Um, I always love the "on par with Europe" whenever gas prices are discussed. Again, 2001-2007 Europe saw a 90% price increase, the USA saw a 310%+ increase....um...maybe Europe needs to be "on par" :tsk:

SUV's be illegal, that is...ahh..dumb. Airlines, Cruise ships and the like burn FAR more fuel then any SUV could. You could take an Excursion hauling a 24' boat and not have as crappy mpg as a cruise ship. Just goes to show how some have NO IDEA what drives fuel costs. Take a look at the growth in India and China as a direct result of US trade agreements. The last 10 years of US outsourcing has lead to sprawl in Asia, result...vast increase in the need for fuel.

To quote R&T: There is no more fuel efficient way to move 4,000lbs 20 miles then a gallon of gasoline.