about this blog
Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.
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DOUGman
$200 Dollar a Barrel of Oil Is a Plan To Destroy Middle Class., roughly $6/gallon using interpolation. The author of The Energy Non Crisis, Pastor Lindsey Williams, is a whistle blower who worked for three years as Chaplin on the Trans-Alaska Pipeline construction project where he learned that there is no shortage of oil in the world and that elites have formulated a plan to use oil as a mechanism to control the world. Pastor Williams' warnings and predictions have since came to pass in the nearly 30 years since his experience in Alaska. Pastor Williams makes predictions for the price of crude oil in this episode and discusses the crumbling myth of "peak oil". Oil is not a fossil fuel... We have no shortage of crude oil.. HONDA CHAIRMAN TAKEO FUKUI "Even the best internal-combustion engines still waste more than 80% of the energy created by burning gasoline." —Reported in Wall Street Journal July 25th, 2005 I could go on and on, but dear readers please educate yourselves. D.
thurston
we must tell our idiot politicians and corporate CEOs that they must have a energy policy. My feeling at home is ifmy next car does not have a ac plug its no deal!
Matt
I am an engineer working in Saudi Arabia. I can assure you that every piece of equipment in this region is currently mobilized to explore, drill and produce more oil. If the same were true in the US, we may not be in "as bad" a situation. As painfull as it sounds, I agree with you regarding consumer shift in how we live. The prices will force us to change. Our oil consumption rate is quite simply unsustainable.
chuck
As of yesterday the worst case scenerio that I envisioned two years ago has come to frution. La Jolla California,just outside of San Fransisco filed for Bankruptcy yesterday. Any of you in California correct me if the city is wrong ok? Anyway could bankrupt muncipialites be the beginning of problems that high gas prices have genterated? As of Saturday and today the gas price are now 3.91 and 3.98 but the gas stations in rest of Warren County Ms have remained at 3.80s. One thing has been interesting has been the quietness of local politicians on this issue. The Mayor and alderman have been quiet since they complained about the fact that gas prices have cut into thier budget. But the county Board of Supervisiors hasn't released any statements on the fact how high gas prices have effected thier budget. Already the high gas prices have cut deep into the local tourism and gaming market. The April and May tax coffures was the lowerst ever for the city and county. Which shows that gamblers aren't coming to Vicksburg as they usually do. Even the annual Miss Mississippi Pageant,a summer ritual here, is going to have a low turn out due to high gas prices. But Kroger is remaining on schedule with thier building thier new store for the fall an their gas pumps should be up and running this month. Most everyone in town now has a Kroger card. But gas hasn't reached 4.00 here yet.
petra
In some ways, I agree and disagree at the same time. I hate to see the SUV's go. People in this country work much harder than most of the other nations. They are willing to work 70-80 or more hours during weekends and holidays to provide for their family - compare this to Europe where(example France and Italy) it is hard to catch someone at the office on Friday. Meaning, these hard working people do deserve to drive these gas guzzling SUV's because they are willing to get out there and make the money. However, these high prices are forcing even the ones who work hard to get rid of these gas guzzlers....not fair. Why aren't we drilling more in the US? Well, because we want to protect the bears and other animals in Alaska, so upcoming generations would be left with something. Fine, I am all for protecting the bears, but someone needs to start paying for my gas because right now, I do not see saving all the bears worth paying $4 per gal of gas.
TheDave
Dougman, You are taking the word of a chaplain with three years experience standing next to an oil pipeline in the 80's over the word of hundreds of petrogeologists and oil industry insiders with decades of experience with ACTUAL oil and related technologies? Please educate yourself about critical thinking. Sources matter. How, exactly, is the Peak Oil theory 'crumbling'? Oil is not a fossil fuel? Yes. And dinosaurs were not real either. Another trick by the wealthy to take religion from the middle class! Did this conspiracy develop in 1980? How about 1990? How about 1999? How about 2005? Does it stop at $200/barrel? What happens when it reaches $300/barrel? Does that disprove the conspiracy theory? Does it disprove Peak Oil theory? Remember, the war machine of the wealthy requires fuel too. $200/barrel for oil does not benefit them, their companies, or their armies. How can we go on with conspiracies raging around us?! How can the power brokers be so inept as to have the SAME evil goals for hundreds of years and yet fail to complete them? Also, FOX is just pandering. Maybe they could have guest appearance by Nancy Grace to scream about how she's never seen anything like this in all her years as a litigator, that would PROVE that high prices are 'shocking.' Glick is disingenuous at best...as if she buys her own gas. That's what drivers are for... -TheDave
Don Rushing
The democrats say if we drill in anwar it will take 10 years for the oil to flow. Why in the world did they not pass the authority to drill during Clinton's administration? This goes to show that the liberal democrats DO NOT want to open up the drilling for more oil, gas, nuclear power, coal use, using technology wisely. The democrats WANT to increase taxes on "big oil" and impose higher regulation and mandates on everything. The democrats are a do nothing congress and want to reap all the benefits. Drill here, drill now, pay less. Big oil gets .04 a gallon of gas and federal government gets at least .15 a gallon. Who gets something for doing nothing - the government. We have the resources to drill for more oil in the US and off the coasts, yet our oil companies are prohibited from drilling for more oil and gas. At the same time the Communist Chinese are allowed to drill off our coasts for oil and gas. Why do the democrats support the Chinese and not our own oil companies? Oil companies are not allowed to set the price for oil. Just remember that congress sets the rules of forced mandates and regulations that oil companies are forced to abide by and congress lies about the whole thing and gets away with it. Congress does not pay for their own gas and we, as consumers, are forced to pay for their upkeep through taxation.
Mark
If we aren't going to develope another form of energy I think we need to wait to drill oil in our own backyard. These prices are high but how much higher will they be when the middle east runs out of oil? Currently there isn't a shortage but that may not be the case in the future. For some reason everybody wants an oil reserve but nobody wants it in the ground.
Brian
Somebody, quick, call Dick Cheney and find out what he learned during his top-secret Energy Task Force meetings. Surely, THEY must have the answer!
Mike-WesTex
All the talk of regional mass transportation is great, and the hybrid autos can solve some of the problems of consumption, but I've yet to see an airplane that is powered by the wind or sun. Without tourism dollars, and I'm talking about in locations far enough away that flying is the only realistic way to get there (either coast from the heartland - you listening Disney?), a whole lot of communitites, and the service industry that survives on visitors, will start to fail. Hard to support a mortgage or pay the rent without income. Snowballs anyone?
Boom2Bust.com
"Have we been asleep at the switch?" If you could call watching too much "American Idol" that. The majority of us don't care about these things, until it's too late, that is...
Billy S.
Idiotic Democrats today tried to push higher taxes on oil companies. How stupid do they think we are? Democrats created this mess, and further stupid legislation from them will only cause higher oil prices. Start drilling now in the Continental US and increase supply. How many millions of times do we have to tell them!
Dan
Wow, You may want to reconsider getting your scientific data regarding oil from a Pastor. The cost of oil is simply an issue of supply and demand - the amount of oil available in ANWR is insignificant vs. our usage, so I would not expect it to have a major impact on cost. I saw an estimate of $0.75/barrel at steady state - check The Oil Drum for the details. Everyone seems to be blaming Democrats for this issue, but I suspect that its because, as Boom2Bust alludes to, people would rather watch TV then learn about important issues affecting their country. The fact that somebody mentioned that it is OK to drive an SUV because "Americans work 70-80 hours per week" confirms just how disillusioned we have become. Sad really, but it's probably too late anyways.
A to Z Energy ETF » Blog Archive » DrumBeat: June 10, 2008
[...] Oil Outrage What will our roads and transportation infrastructure look like 2 to 5 years from now? Will there no longer be SUV’s? Will we be driving moped’s like they do in Asia? Will these prices for gasoline, heating oil, fuel and electricity cause us to make the biggest shift in consumer habits and transportation in our lifetime away from the invention of the automobile? [...]
Henry
The cost of oil is not simply an issue of supply and demand. I wish it was that easy. The American Automobile Association (AAA) thought it odd that oil price increases seemed to start with the problems in our financial sector (Bear Stearns?). Supply and demand didn't just suddenly increase exponentially. Our government needs to take a long hard look at the commodities, banking, and investment markets. These people have too much power.