Subj : Gas Crunch
To   : Deuce
From : Newborn
Date : Tue Aug 30 2005 00:02:00

  Re: Gas Crunch
  By: Deuce to Ralph Smole on Mon Aug 29 2005 02:18 pm

 >   Re: Gas Crunch
 >   By: Ralph Smole to Diamond Dave on Sat Aug 27 2005 23:48:00
 > 
 >  > I agree. It's NOT Mr. Bush's fault. We have GOT to get away from fossil f
 >  > and fast. At this rate, we have until about 2054 until demand outstrips s
 >  > THEN wait and see how much gas costs!!
 >  > I feel sorry for my kids unless something happens FAST!!!
 > 
 > Canada has enough sitting in the oil sands to provide north america all by
 > itself until at least 2060.  If the US chipped in a few gallons, and Canada
 > continued pumping out of the ground, we're good for another 20 years on top 
 > that.
 > 
 > Currently demand outstrips supply... that's why the priced are going up...
 > that's how commerce works.
 > 
   True.  I was just wondering how economical would it be to get the the oil
   out?  Then you have the transportation cost associated with getting it to
   refining.  I remember when Alaskan oil was supposed to be such a boone.  It
   turned out that most of it went to Japan to fuel their economy.

   There still a lot of oil in the US, but, they capped the wells until the
   price rose high enough to justify the cost of recovery,

   With Katrinas strike at the Oil platforms in the Gulf, and the fact that
   NO is the port thru which the US gets 60% of oil imports;  it looks like
   gas is set for another 20 cent rise per gallon, maybe even before Labor
   day.  Bummer!


Newborn
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