If they believe this would happen, why are the Democratic leaders sitting around twiddling their thumbs? It may just be that they are all talk and no action, as it would not happen. I would like to see Harry Reid and Nancy Pelosi actually do something, all they do is blow hot air.

 

Because any time they send out a bill it also has some ammendments that the Rs won't agree to or the Rs try to attach drilling amendments but the Ds won't let that happen so while the morons play politics as usual while blowing the "we care" garbage up our collective backsides and reciting party talking points to whoever will give them a forum we get the shaft. And not from drilling either.

 

Here's the compromise pass drilling approvals AND speculation regulation but that's way to simple for our simple minded congress.

Unfortunately, Louisville doesn't have the greatest mass transit system. However, if one is willing to weather a few inconveniences, a little longer time in the trip home from work, for instance, it is definitely doable. And, I've noticed more and more people riding the busses I ride.

 

I used to ride a 7:30 bus to get to work @ 8. It became very crowded, so I backed up and started riding the bus @ 7, getting to work a little earlier, which isn't a bad thing. Then the 6:30 bus....which still got me to work @ 7. Now I primarily ride the 6:08 bus, which gets me to work @ 6:30. Now, that bus is increasingly more crowded. So, I'm thinking of starting to ride the 5:45, so I'll get to work by 6-ish.... I'm willing to do just about anything to not have to stand on the bus. :lol:

 

Seriously...I'm not joking about the crowding. More and more people, business people, are beginning to ride the busses.

 

Again, it's not the same as in NYC or Chicago, but it's definitely not as hard or as inconvenient as most people assume.

 

What you are experiencing, while inconvenient for you, is actually a great sign. Increased ridership will result in mass transit systems being improved. Hopefully the improvements will be increased electricity powered systems with the electricity provided by nukes, solar, hydroelectric and wind sources.

 

At the end of the day, I think we will ultimately be better off than we were when gas was at $2 a gallon. I know that people are being hurt by the high prices, but it is taking high prices to force our elected officials to get off of their duffs and start exploring alternate sources of energy like biofuels, nuke, solar and wind. The Saudis are only interested in increasing production to bring down prices so that the U.S. doesn't develop efficient alternate sources, because the Saudis know that if that happens, the only thing valuable in Saudi is no longer no where near as valuable. Saudi Arabia is a one horse town. That horse goes away and all you have left is sand (which is why the Saudis are frantically trying to diversify their economy). The Saudis actually stated that they are concerned that high gas prices will result in less "oil dependence". Fortunately the leaders of some other OPEC countries are not as smart as the Saudis and don't support increasing production as they like the pain America is now feeling. Very, very short minded thinking on their part.

 

Some people complain all the time about how the fed deficit is going to be unbearable for their children and grandchildren. I believe the high gas prices we are paying and the pain we are feeling now will provide fantastic benefits for our children and grandchildren because the high gas prices today (with the accompanying paid people are feeling) will result in the U.S. being less dependent on oil for our next generation. Not only would that help stop the big sucking sound of U.S. wealth leaving the country, it would cut back the wealth going to middle Eastern countries financially supporting terrorists committed to harming us and it would allow us to rethink and change our foreign policy towards the middle East (like it or not, because of our dependence on oil, we have to be strongly concerned with the status of the middle East; remove that dependence, and we have much more latitude in our foreign policy decisions).

 

Thus, I hope that we continue to see $4 a gallon gas for quite some time (although it greatly pains me to fill up my F150). Short term pain, long term gain.

I'd be very surprised if $2/gallon gas came back. But I do think that oil's runup from, what, about $60-70 a year ago to $140 now has less to do with supply and demand and more to do with the weak dollar and speculation. The Fed's emergency actions to stabilize the U.S. banking system and head off recession by slashing interest rates has caused the value of the dollar to plunge and the price of oil to increase. This has also been a large reason for speculation in oil futures, as investors look for a safe haven to park their assets that will be shield them from the falling buying power of the dollar. There may be some benefit to legislation that restricts speculation in oil, but I think it may be limited because the new laws would only impact commodities markets within the U.S. There could also be the unintended consequence of driving speculators into other commodities markets, thereby driving up the cost of other goods.

I, for one, believe that speculation has little to do with higher fuel prices.

 

ABC nightly news estimate that speculation added rough 30.00 to a barrel of oil.

If Congress acts, it will be to give themselves a pay raise. They (Republicans and Democrats) could care less about you and me.

We will never see $2.00 gas again.

"If congress acts". That's pretty funny.

What you are experiencing, while inconvenient for you, is actually a great sign. Increased ridership will result in mass transit systems being improved. Hopefully the improvements will be increased electricity powered systems with the electricity provided by nukes, solar, hydroelectric and wind sources.

 

At the end of the day, I think we will ultimately be better off than we were when gas was at $2 a gallon. I know that people are being hurt by the high prices, but it is taking high prices to force our elected officials to get off of their duffs and start exploring alternate sources of energy like biofuels, nuke, solar and wind. The Saudis are only interested in increasing production to bring down prices so that the U.S. doesn't develop efficient alternate sources, because the Saudis know that if that happens, the only thing valuable in Saudi is no longer no where near as valuable. Saudi Arabia is a one horse town. That horse goes away and all you have left is sand (which is why the Saudis are frantically trying to diversify their economy). The Saudis actually stated that they are concerned that high gas prices will result in less "oil dependence". Fortunately the leaders of some other OPEC countries are not as smart as the Saudis and don't support increasing production as they like the pain America is now feeling. Very, very short minded thinking on their part.

 

Some people complain all the time about how the fed deficit is going to be unbearable for their children and grandchildren. I believe the high gas prices we are paying and the pain we are feeling now will provide fantastic benefits for our children and grandchildren because the high gas prices today (with the accompanying paid people are feeling) will result in the U.S. being less dependent on oil for our next generation. Not only would that help stop the big sucking sound of U.S. wealth leaving the country, it would cut back the wealth going to middle Eastern countries financially supporting terrorists committed to harming us and it would allow us to rethink and change our foreign policy towards the middle East (like it or not, because of our dependence on oil, we have to be strongly concerned with the status of the middle East; remove that dependence, and we have much more latitude in our foreign policy decisions).

 

Thus, I hope that we continue to see $4 a gallon gas for quite some time (although it greatly pains me to fill up my F150). Short term pain, long term gain.

 

I have been saying that all along.... OPEC has dug their own grave. Our kids and there kids will pay a dollar or less for gas. Why ANYONE would want to taper their consumers off their product due to ignorance and greed is beyond me.

 

Were just the lucky generation who gets to endure the gas revolution.