What fools we are

What fools are we?

I have just checked the crude oil listings, at $114.00 a barrel. Good news? I don’t think so! We are in a recession, housing is still clasping, jobs are being lost, and the cost of everyday items is increasing.

The congress in ignoring us. Hope they are enjoying their five week vacation, and we still wait. Make no mistake; I don’t want the government to fix anything. I just want them to undue the harm they have created. Open up drilling, oil areas and natural gas. Reverse the ethanol in our fuel. I believe I have in pass blogs stated that we use more energy to make this ethanol additive than we are saving. I check at every “fill up” what my gas mileage is. I have lost an average of two miles to the gallon. I don’t go over the speed limit and keep my car up to spec through its operating cycles.

NEWS FLASH! Oil has increased $1.92 to $115.05. It seems that our crude supply is decreasing. See insert:

41 minutes ago Oil prices staged a modest rebound Wednesday, rising above $114 a barrel after the government reported a plunge in U.S. gasoline supplies and a surprise drop in crude stockpiles. In its weekly inventory report, the Energy Department's Energy Information Administration said gasoline supplies fell by 6.4 million barrels to 202.8 million barrels for the week ending Aug. 8, nearly three times more than the 2.2 million barrel drop analysts surveyed by energy research firm Platts had expected....

Well, they have found a way to drive the price back up! We are driving less, big cars are out, BUT we have a decline in supplies. This isn’t going to go away until we Drill, Drill, Drill.

Back to get Congress off their vacation!

I would like to thank my reads for their offerings. I am linking these sites. They deal with another source of;
Learn More About Gas Hydrates and, The Mallik Project.

http://energy.usgs.gov/other/gashydrates/mallik.html
http://energy.usgs.gov/other/gashydrates/gashydrates_pubs_data.html

Finally, I ask, how much more can we take before we go over the cliff?


Until the next time,
JW’r