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	<title>Comments on: Question: Who is to Blame for High Gas Prices?</title>
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		<title>By: bbartlog</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-74146</link>
		<dc:creator>bbartlog</dc:creator>
		<pubDate>Tue, 27 May 2008 18:21:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-74146</guid>
		<description>&lt;i&gt;I am against drilling when Americans have not been asked to curb their wasting of oil and gas.&lt;/i&gt;

They are being asked, in the most effective and time-honored way possible: high prices. Which work well (in the news: &#039;According to the Department of Transportation, Americans drove 11 billion miles less in March 2008 than a year earlier&#039; - first drop since 1979...). 11 billion miles less driving means 20-30 million fewer barrels of oil used, depending what assumptions you make about mileage and the like.

&lt;i&gt;Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent... if Saudi Arabia pumps ...l one million barrels per day the price will go down 65-70 cents per gallon. 

I think both you and Chuck need to show your math….&lt;/i&gt;

Generally accepted estimates of the demand elasticity of oil are about 1/4 (demand is not very elastic, which means that prices are). If you take 80 million bpd as world oil production, 1 million bpd would be a 1.25% increase and should result in a price drop of roughly four times that, or 5%, which at current prices would be $6.5 per barrel. You can get about 20 gallons of gas out of a barrel of oil (but you also get a bunch of other products), so if all of this price drop went to gasoline it would get you about 32 cents per gallon. However,
 - the supply of gasoline may actually be limited by refinery capacity, not oil availability
 - the price change would realistically also be distributed over the other products (fuel oil and so on) from that barrel of oil
 - there are other complications
It&#039;s still usable as an upper bound though. Both one cent and 65-70 cents seem unrealistic.</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p><i>I am against drilling when Americans have not been asked to curb their wasting of oil and gas.</i></p>
<p>They are being asked, in the most effective and time-honored way possible: high prices. Which work well (in the news: &#8216;According to the Department of Transportation, Americans drove 11 billion miles less in March 2008 than a year earlier&#8217; &#8211; first drop since 1979&#8230;). 11 billion miles less driving means 20-30 million fewer barrels of oil used, depending what assumptions you make about mileage and the like.</p>
<p><i>Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent&#8230; if Saudi Arabia pumps &#8230;l one million barrels per day the price will go down 65-70 cents per gallon. </p>
<p>I think both you and Chuck need to show your math….</i></p>
<p>Generally accepted estimates of the demand elasticity of oil are about 1/4 (demand is not very elastic, which means that prices are). If you take 80 million bpd as world oil production, 1 million bpd would be a 1.25% increase and should result in a price drop of roughly four times that, or 5%, which at current prices would be $6.5 per barrel. You can get about 20 gallons of gas out of a barrel of oil (but you also get a bunch of other products), so if all of this price drop went to gasoline it would get you about 32 cents per gallon. However,<br />
 &#8211; the supply of gasoline may actually be limited by refinery capacity, not oil availability<br />
 &#8211; the price change would realistically also be distributed over the other products (fuel oil and so on) from that barrel of oil<br />
 &#8211; there are other complications<br />
It&#8217;s still usable as an upper bound though. Both one cent and 65-70 cents seem unrealistic.</p>
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		<title>By: MataHarley</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68979</link>
		<dc:creator>MataHarley</dc:creator>
		<pubDate>Thu, 22 May 2008 22:09:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68979</guid>
		<description>Wow... if the ominpotent Geo didn&#039;t want email follow ups coming to his inbox, why the heck did he check that option???  Perhaps that technology was beyond him.  In which case, I guess I&#039;ll have to discard his mysterious &quot;first hand experience&quot; and inferred superior knowledge on the subject of drilling.

Buh bye, Geo.  And don&#039;t forget to tell your bud, AlGore maybe he should conserve by cutting that mansion down to size.</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Wow&#8230; if the ominpotent Geo didn&#8217;t want email follow ups coming to his inbox, why the heck did he check that option???  Perhaps that technology was beyond him.  In which case, I guess I&#8217;ll have to discard his mysterious &#8220;first hand experience&#8221; and inferred superior knowledge on the subject of drilling.</p>
<p>Buh bye, Geo.  And don&#8217;t forget to tell your bud, AlGore maybe he should conserve by cutting that mansion down to size.</p>
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		<title>By: Aye Chihuahua</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68961</link>
		<dc:creator>Aye Chihuahua</dc:creator>
		<pubDate>Thu, 22 May 2008 21:29:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68961</guid>
		<description>Well, that really is what Chuckie had to say.

www.americanthinker.com/blog/2008/05/how_much_have_the_democrats_co.html</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Well, that really is what Chuckie had to say.</p>
<p><a href="http://www.americanthinker.com/blog/2008/05/how_much_have_the_democrats_co.html" rel="nofollow">http://www.americanthinker.com/blog/2008/05/how_much_have_the_democrats_co.html</a></p>
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		<title>By: Fit fit</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68938</link>
		<dc:creator>Fit fit</dc:creator>
		<pubDate>Thu, 22 May 2008 21:01:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68938</guid>
		<description>&lt;blockquote&gt;Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent. However, if Saudi Arabia pumps out an additional one million barrels per day the price of gas will go down 65-70 cents per gallon. &lt;/blockquote&gt;

I think both you and Chuck need to show your math....</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><blockquote><p>Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent. However, if Saudi Arabia pumps out an additional one million barrels per day the price of gas will go down 65-70 cents per gallon. </p></blockquote>
<p>I think both you and Chuck need to show your math&#8230;.</p>
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		<title>By: jukin</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68935</link>
		<dc:creator>jukin</dc:creator>
		<pubDate>Thu, 22 May 2008 20:55:57 +0000</pubDate>
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		<description>It takes an incredible will to be so forcibly ignorant about this subject to be a liberal.  

EXAMPLE:

Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent.  However, if Saudi Arabia pumps out an additional one million barrels per day the price of gas will go down 65-70 cents per gallon.  


I shit you not.</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>It takes an incredible will to be so forcibly ignorant about this subject to be a liberal.  </p>
<p>EXAMPLE:</p>
<p>Chuck Schumer says that the one million barrels per day from ANWAR would lower the price of gas one cent.  However, if Saudi Arabia pumps out an additional one million barrels per day the price of gas will go down 65-70 cents per gallon.  </p>
<p>I shit you not.</p>
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		<title>By: ChrisG</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68918</link>
		<dc:creator>ChrisG</dc:creator>
		<pubDate>Thu, 22 May 2008 20:34:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68918</guid>
		<description>&lt;blockquote&gt;And I don’t know why because you have gotten everything you’ve ever wanted from the Bush Administration.&lt;/blockquote&gt;

You do not get out much if you believe this.  The left got quite a bit as President Bush reached across the aisle and pandered to a lot of the leftist domestic agenda (tax cuts for all being the notable exception).

&lt;blockquote&gt;That must bug you BIG TIME.&lt;/blockquote&gt;

Yes it bugs me that we will remain dependent on (held hostage to) foriegn sources for our basic needs when we have so much here.  Wealth generated by purchasing these resources goes to dictators like Chavez who oppress their own people while spreading war against others.  Wars we are forced to respond to.  It SHOULD bug you too.  Obviously it does not.

&lt;blockquote&gt;At least I speak from experience and not regurgitate Hannity, Bill O’Reilly and Rush Limbaugh.&lt;/blockquote&gt;

I seem to have addressed this already, but thank you for proving my point above and we DO speak from experience.  You might want to hit the &quot;author&quot; tab on the main page.  We do not agree with you, your diatrabe, and your typical (for leftist trolls) sweeping accusations of what &quot;conservatives&quot; are.

&lt;blockquote&gt;Face it, the days of fossil fuels are nearing their end. I can see you will all be mourning it’s loss.&lt;/blockquote&gt;

I guess you missed the part where us &quot;evil conservatives&quot; in the US Military are moving to synthetic fuels generated from biomass (actual &quot;fossile fuels&quot; as some scientists think petroleum is not from biomass alone).  we are also doing all we can to increase fuel efficientcy, reliability, and alternatives for new drive systems.  I went into some detail above.

As for petrolium&#039;s days nearing their end, GREAT.  Just so long as something better comes along.  We do not want &quot;change&quot;, we want IMPROVEMENT.  Something the left and radical environmentalists do not offer.  Just a question though, what about other petroleum products?  Fuel is not the only item made by crude oil after all.  What will we do if these products go away due to the left&#039;s refusal to keep resources flowing while others are being developed?

&lt;blockquote&gt;And soo…I am signing off now, because these things come into my in-box, and I don’t want my 12 year old daughter to see your spirited emails.&lt;/blockquote&gt;

Again with the logical fallacies.  Sweep in, insult, and then retreat stating we are all big meanies.

If this response to your misstatements and outright lies is too &quot;spirited&quot;, then I have to wonder how you handle life in general.  If you want something that might offend your child, go to DU or Kos... or are they considered &quot;proper&quot; as they attack conservatives (or what they &quot;think&quot; are conservatives) without remorse?</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><blockquote><p>And I don’t know why because you have gotten everything you’ve ever wanted from the Bush Administration.</p></blockquote>
<p>You do not get out much if you believe this.  The left got quite a bit as President Bush reached across the aisle and pandered to a lot of the leftist domestic agenda (tax cuts for all being the notable exception).</p>
<blockquote><p>That must bug you BIG TIME.</p></blockquote>
<p>Yes it bugs me that we will remain dependent on (held hostage to) foriegn sources for our basic needs when we have so much here.  Wealth generated by purchasing these resources goes to dictators like Chavez who oppress their own people while spreading war against others.  Wars we are forced to respond to.  It SHOULD bug you too.  Obviously it does not.</p>
<blockquote><p>At least I speak from experience and not regurgitate Hannity, Bill O’Reilly and Rush Limbaugh.</p></blockquote>
<p>I seem to have addressed this already, but thank you for proving my point above and we DO speak from experience.  You might want to hit the &#8220;author&#8221; tab on the main page.  We do not agree with you, your diatrabe, and your typical (for leftist trolls) sweeping accusations of what &#8220;conservatives&#8221; are.</p>
<blockquote><p>Face it, the days of fossil fuels are nearing their end. I can see you will all be mourning it’s loss.</p></blockquote>
<p>I guess you missed the part where us &#8220;evil conservatives&#8221; in the US Military are moving to synthetic fuels generated from biomass (actual &#8220;fossile fuels&#8221; as some scientists think petroleum is not from biomass alone).  we are also doing all we can to increase fuel efficientcy, reliability, and alternatives for new drive systems.  I went into some detail above.</p>
<p>As for petrolium&#8217;s days nearing their end, GREAT.  Just so long as something better comes along.  We do not want &#8220;change&#8221;, we want IMPROVEMENT.  Something the left and radical environmentalists do not offer.  Just a question though, what about other petroleum products?  Fuel is not the only item made by crude oil after all.  What will we do if these products go away due to the left&#8217;s refusal to keep resources flowing while others are being developed?</p>
<blockquote><p>And soo…I am signing off now, because these things come into my in-box, and I don’t want my 12 year old daughter to see your spirited emails.</p></blockquote>
<p>Again with the logical fallacies.  Sweep in, insult, and then retreat stating we are all big meanies.</p>
<p>If this response to your misstatements and outright lies is too &#8220;spirited&#8221;, then I have to wonder how you handle life in general.  If you want something that might offend your child, go to DU or Kos&#8230; or are they considered &#8220;proper&#8221; as they attack conservatives (or what they &#8220;think&#8221; are conservatives) without remorse?</p>
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		<title>By: Mike's America</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68830</link>
		<dc:creator>Mike's America</dc:creator>
		<pubDate>Thu, 22 May 2008 19:17:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68830</guid>
		<description>Don&#039;t expect much from Geology Aye other than the usual left wing hit job. All propaganda, all scaremongering, no facts.

Wyoming looks fine to me. And so does the Prudhoe Bay field. Perhaps Geology hasn&#039;t considered that in ANWR, the only people that live there in Kaktovik WANT oil development:

http://www.anwr.org/features/kaktovik.htm

78% of those Native Americans want oil development in ANWR. They rightly believe that development of this resource is their key to the same opportunities that you and I enjoy living in the lower 48.

How very condescending, elitist and typical of Geology to wish to deny, especially to Native Americans, the same opportunities that he enjoys.

Why is it that these libs feel entitled to tell the rest of us how to live?

Do they think they know better? Yet, history has shown their flawed ideology to be a LOSER everytime it&#039;s tried. You&#039;d think that if they were as smart as they pretend to be that they&#039;d get a clue.

But then, most readers here WOULD think. That&#039;s a skill that apparently escapes robotic neosocialist ideologues like Geology.

Crawl back in your hole Geology. See if I care.</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Don&#8217;t expect much from Geology Aye other than the usual left wing hit job. All propaganda, all scaremongering, no facts.</p>
<p>Wyoming looks fine to me. And so does the Prudhoe Bay field. Perhaps Geology hasn&#8217;t considered that in ANWR, the only people that live there in Kaktovik WANT oil development:</p>
<p><a href="http://www.anwr.org/features/kaktovik.htm" rel="nofollow">http://www.anwr.org/features/kaktovik.htm</a></p>
<p>78% of those Native Americans want oil development in ANWR. They rightly believe that development of this resource is their key to the same opportunities that you and I enjoy living in the lower 48.</p>
<p>How very condescending, elitist and typical of Geology to wish to deny, especially to Native Americans, the same opportunities that he enjoys.</p>
<p>Why is it that these libs feel entitled to tell the rest of us how to live?</p>
<p>Do they think they know better? Yet, history has shown their flawed ideology to be a LOSER everytime it&#8217;s tried. You&#8217;d think that if they were as smart as they pretend to be that they&#8217;d get a clue.</p>
<p>But then, most readers here WOULD think. That&#8217;s a skill that apparently escapes robotic neosocialist ideologues like Geology.</p>
<p>Crawl back in your hole Geology. See if I care.</p>
<!-- google_ad_section_end --><div class="CommentRating">Like or Dislike: <img style="padding: 0px; margin: 0px; border: none; cursor: pointer;" onmouseover="this.width=this.width*1.3" onmouseout="this.width=this.width/1.2" id="up-68830" src="http://floppingaces.net/wp-content/plugins/comment-rating-pro/images/1_14_up.png" alt="Thumb up" onclick="javascript:ckratingKarma('68830', 'add', 'floppingaces.net/wp-content/plugins/comment-rating-pro/', '1_14_');" title="Thumb up" /> <span id="karma-68830-up" style="font-size:12px; color:#009933;">0</span>&nbsp;<img style="padding: 0px; margin: 0px; border: none; cursor: pointer;" onmouseover="this.width=this.width*1.3" onmouseout="this.width=this.width/1.2" id="down-68830" src="http://floppingaces.net/wp-content/plugins/comment-rating-pro/images/1_14_down.png" alt="Thumb down" onclick="javascript:ckratingKarma('68830', 'subtract', 'floppingaces.net/wp-content/plugins/comment-rating-pro/', '1_14_')" title="Thumb down" /> <span id="karma-68830-down" style="font-size:12px; color:#990033;">0</span></div>]]></content:encoded>
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		<title>By: Aye Chihuahua</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68792</link>
		<dc:creator>Aye Chihuahua</dc:creator>
		<pubDate>Thu, 22 May 2008 18:27:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68792</guid>
		<description>Typical Leftist Troll.

When confronted with factual arguments it turns tail and runs to hide because it doesn&#039;t want the 12 year old daughter to read the follow up e-mails.

Spirited e-mails?  

Really?  

Where?

Umm.... you can deselect the e-mail follow up box if that is really your concern.

You&#039;re the one who said that this site was &quot;BORING&quot; and that we should &quot;shake things up a bit&quot;.

So, don&#039;t run and hide.  Let&#039;s shake things up.

Give us some facts to work with.  Go get them.

We&#039;ll be right here to dissect your arguments, disassemble them at the joints, and stack the dry brittle bones in the corner.</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Typical Leftist Troll.</p>
<p>When confronted with factual arguments it turns tail and runs to hide because it doesn&#8217;t want the 12 year old daughter to read the follow up e-mails.</p>
<p>Spirited e-mails?  </p>
<p>Really?  </p>
<p>Where?</p>
<p>Umm&#8230;. you can deselect the e-mail follow up box if that is really your concern.</p>
<p>You&#8217;re the one who said that this site was &#8220;BORING&#8221; and that we should &#8220;shake things up a bit&#8221;.</p>
<p>So, don&#8217;t run and hide.  Let&#8217;s shake things up.</p>
<p>Give us some facts to work with.  Go get them.</p>
<p>We&#8217;ll be right here to dissect your arguments, disassemble them at the joints, and stack the dry brittle bones in the corner.</p>
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		<title>By: GEOLOGY</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68781</link>
		<dc:creator>GEOLOGY</dc:creator>
		<pubDate>Thu, 22 May 2008 18:07:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68781</guid>
		<description>Not happening at the scale I&#039;m talking about. Ummm have you seen Wyoming lately? Do you read? My god you are an angry bunch. And I don&#039;t know why because you have gotten everything you&#039;ve ever wanted from the Bush Administration. Well, all good things must come to an end January 20, 2009. McCain is against drilling in ANWR, as are the Democrats. That must bug you BIG TIME. Hooray for the caribou that sun themselves against the pipeline (btw, that is one lame argument against mine, which comes from actual first-hand experience, not Mother Jones.) At least I speak from experience and not regurgitate Hannity, Bill O&#039;Reilly and Rush Limbaugh.

On the bright side, there is leasing on the OCS for alternative energies going on right now (does that bug you too?) Face it, the days of fossil fuels are nearing their end. I can see you will all be mourning it&#039;s loss. 

And soo...I am signing off now, because these things come into my in-box, and I don&#039;t want my 12 year old daughter to see your spirited emails.

Buh-Bye!

Lefty Troll Geology</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Not happening at the scale I&#8217;m talking about. Ummm have you seen Wyoming lately? Do you read? My god you are an angry bunch. And I don&#8217;t know why because you have gotten everything you&#8217;ve ever wanted from the Bush Administration. Well, all good things must come to an end January 20, 2009. McCain is against drilling in ANWR, as are the Democrats. That must bug you BIG TIME. Hooray for the caribou that sun themselves against the pipeline (btw, that is one lame argument against mine, which comes from actual first-hand experience, not Mother Jones.) At least I speak from experience and not regurgitate Hannity, Bill O&#8217;Reilly and Rush Limbaugh.</p>
<p>On the bright side, there is leasing on the OCS for alternative energies going on right now (does that bug you too?) Face it, the days of fossil fuels are nearing their end. I can see you will all be mourning it&#8217;s loss. </p>
<p>And soo&#8230;I am signing off now, because these things come into my in-box, and I don&#8217;t want my 12 year old daughter to see your spirited emails.</p>
<p>Buh-Bye!</p>
<p>Lefty Troll Geology</p>
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		<title>By: Mike's America</title>
		<link>http://floppingaces.net/2008/05/21/question-who-is-to-blame-for-high-gas-prices/#comment-68689</link>
		<dc:creator>Mike's America</dc:creator>
		<pubDate>Thu, 22 May 2008 16:53:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.floppingaces.net/?p=4657#comment-68689</guid>
		<description>Aye: You reminded me of this map:

&lt;img src=&quot;http://i80.photobucket.com/albums/j191/mikesamerica/chinadrilling-1.jpg&quot;/&gt;

We don&#039;t see the lefties protesting the development of offshore oil platforms by the Chinese just mere miles from our shores. But they have been effective in disallowing U.S. companies to do the same.

And as I mentioned in the post, when U.S. platforms in the Gulf were damaged or destroyed by Hurricanes Katrina and Rita there was not one oil soaked beach to point to.

Can the lefties say that the Chinese will have higher standards than we do? Who is going to clean up the mess when one of China&#039;s platforms leaks? WE ARE! And the lefties will use it as another phony excuse not to develop U.S. oil production.

This big lie that the left uses to constrain U.S. oil production is almost as big a whopper as the global warming fraud.

&lt;b&gt;P.S. And need I remind the lefty peaceniks that the U.S. was dragged into World War II by Japan&#039;s lust for oil? What is going to happen when China runs low on gas. Drilling for oil in the U.S. is not only patriotic, but the path to world peace.&lt;/b&gt;</description>
		<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Aye: You reminded me of this map:</p>
<p><img src="http://i80.photobucket.com/albums/j191/mikesamerica/chinadrilling-1.jpg"/></p>
<p>We don&#8217;t see the lefties protesting the development of offshore oil platforms by the Chinese just mere miles from our shores. But they have been effective in disallowing U.S. companies to do the same.</p>
<p>And as I mentioned in the post, when U.S. platforms in the Gulf were damaged or destroyed by Hurricanes Katrina and Rita there was not one oil soaked beach to point to.</p>
<p>Can the lefties say that the Chinese will have higher standards than we do? Who is going to clean up the mess when one of China&#8217;s platforms leaks? WE ARE! And the lefties will use it as another phony excuse not to develop U.S. oil production.</p>
<p>This big lie that the left uses to constrain U.S. oil production is almost as big a whopper as the global warming fraud.</p>
<p><b>P.S. And need I remind the lefty peaceniks that the U.S. was dragged into World War II by Japan&#8217;s lust for oil? What is going to happen when China runs low on gas. Drilling for oil in the U.S. is not only patriotic, but the path to world peace.</b></p>
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