$6 to $8 Gas? Prices Will "Skyrocket" If U.S. Stops Drilling, Says Former Shell Exec

$6 to $8 Gas? Prices Will "Skyrocket" If U.S. Stops Drilling, Says Former Shell Exec

finance.yahoo.com

"Prices could get to the point where fixed-income and low-income people are simply taken out of the personal mobility marketplace, which would be a shock and unnecessary because of our unwillingness to produce domestic resources."

But as Aaron asks: "People also don't want oil washing up on their beaches, whether it's in the Gulf of Mexico or Florida or maybe up the East Coast. Do you that think the American public is going to say, 'We don't want you drilling at all offshore?' "

Only if the American public is willing "to accept $6 to $8 [per gallon] gasoline as the alternative

(visit the link for the full news article)

Here it comes. Warning the public they are going to run the prices way up. $8 a gallon should be just enough to break the back of the truckers, the backbone of this country.

Remember when it got up to $4 a gallon. They blamed it on the hurricane, but later said it was due to speculation. This whole oil spill is planned.

Just wait till you go to the grocery store, and the shelves are empty.

Just wait until the Hardware store doesn't have any supplies.

This summer is going to be a rough one.

finance.yahoo.com
(visit the link for the full news article)

Originally posted by OurskiesRpoisoned
....

This whole oil spill is planned.....

I desperately hope not. Because:

1) They will get away with it
2) We have no one to protect us from such exploitation
3) Our government is in their pocket
4) This kind of eco-terrorism is a crime against humanity
5) No organization of world governance will do anything about it.

Were this the case, I would suspect that all those fringe theories about Illuminati and global elite manipulation are probably correct... for now they are just possibly correct.

It's so hard to figure out whats really going on here. It wouldn't be the first time they pulled something like this. I agree with the person above me, this will be a rough, and very interesting summer. I doubt they will be able to push the prices that high, but a very high price increase wouldn't suprise me.

Edit. Actually, I don't doubt it one bit, and if they do pull this off, then alot of people will complain, but our complants will only go so far.



[edit on 4-6-2010 by The Lewn]

Originally posted by The Lewn
It's so hard to figure out whats really going on here. It wouldn't be the first time they pulled something like this. I agree with the person above me, this will be a rough, and very interesting summer. I doubt they will be able to push the prices that high, but a very high price increase wouldn't suprise me.

Edit. Actually, I don't doubt it one bit, and if they do pull this off, then alot of people will complain, but our complants will only go so far.



[edit on 4-6-2010 by The Lewn]

I totally agree with you on this.
Gas in my area just dropped again, so I wonder just how long it will take to zoom back up again..

Only a moron would stop all US drilling.

I'm still in the "drill baby drill" fan club.

I've always been of the frame of mind that they can only raise it to what they can sell it for.

I live in a really small town. Most people in my area are below the poverty line or at least near it.

Needless to say, gas prices are always a topic of discussion.

Everyone freaks out when they hear about prices jumping to $5 or $6 a gallon. I never do. If they try to sell it for that much it's going to take the average person $70 or more to fill up their tank. There aren't many who would be able to continue buying it. Therefore, demand would weaken and the price would drop off.

$5.00 a gallon gasoline would not last long term, unless there was legitimately no more gasoline to sell.

reply to post by OurskiesRpoisoned


I think offshore drilling in the future will be limited, but not eliminated.

Onshore drilling will continue however. You can get a clue about this, at least in one part of the world, when the world's richest man, Carlos Slim, says in this article from 2009:

" Mexico, Oct 7 (Reuters) - Mexican billionaire Carlos Slim said on Wednesday that investing in onshore oil drilling is Mexico's best chance of shoring up slumping output as deep-sea crude discoveries lie years away."

Source: in.reuters.com...

And for more info on Slim, go here:

gulfnews.com...

[edit on 4-6-2010 by manta78]

call me cynical if u want

but to me it should be irrelevant what
the price of gas is.

As we have the technology
to bypass fossil fuels in vehicles
yet they won't take the oil needle
out of the American artery.

If everybody drove a vehicle that ran
on water, don't you think the price
of gas would be less than a dollar
a gallon ???

me thinks so .....
alt fuels please
stop the oil addiction

It's not going to happen. Peak oil will be realized in the next 12-24 months, anyways. The price is already set to skyrocket in the near-mid future. This wouldn't cause $6-8 dollar a gallon oil, it would compound with the peak oil crisis we're about to hit, and would be more like $10-14 usd/gallon. I expect carpooling to be the norm soon, and deals like trading scraps from cars for cheap scooters will come into play.

I expect electric Golf carts
to make a surging comeback.
They are extremely popular
in my rural area. I see them
just about everyday.

Remember please your hard done by UK cousins everyone in the USA who is fuming about a possible $8 gallon.

How many gallon in 1 litre? The answer is 0.264172051242. We assume you are converting between gallon [US, liquid] and liter. You can view more details on each measurement unit: gallon or litre

www.convertunits.com...

Answer: 1 L = 0.219969 gal(UK) OR 0 gal(UK) and 1.75 pt (UK)

www.metric-conversions.org...

So judging by the above I have had to pay approx UK£1.20 a LITRE ! for more than a year

(I have to go with the more expensive,97 octane fuel if I want my car to be healthy for longer,due to it being a slightly performance orientated engine.)

So:

uk gallon = 4.54609188 litres us gallon = 3.7854118 litres

Therefore I must pay 3.8x£1.20 to get a US gallon.
Which amounts to £4.86 per US gallon...

Now 1 British pound = 1.4565 U.S. dollars at the moment

www.google.co.uk... gs_rfai=

So in other words I have had to pay $7.03 USD for a gallon for a year or a bit more already.

www.dollars2pounds.com...

Sorry for all the figures,but it shows you folks had better fight this if you can or you will be looking at the same kind of horrible deal we in the UK get already.

Don't even get me started on road tax and insurance....

You Americans annoy me sometimes...

Mass outcry at the possibility of paying 6 to 8 dollars for a gallon of petrol?

Try living in England for awhile, we already pay the equivalent of $8 a gallon - and rising.

A very high percentage of that is tax of course.

UK changed to charging "per litre" a while back to "fall in line with Europe" but for me it was partly to mask the extortionate price we pay for our fuel.

reply to post by Silcone Synapse


Yes, the rate in Europe is very high. Driving from England to Spain would be about the same as driving for Colorado to Texas. Trucks do this everyday.

The difference in distance travelled is vastly different.

reply to post by OurskiesRpoisoned


If only I could afford to drive to spain once in a while...
I would be off like a shot.


We do have big inter trans european haulage companies in the UK,but they have been at a massive disadvantage to their EU mainland competition,as we in the UK pay even more than the EU mainland.

It was they who started up our fuel protests a year or two back(which sadly acomplished nothing).

Something like £0.85 goes straight to the loving government.

Sounds fair huh?

/sarc

reply to post by Elysarian


Dang!! I knew the price of gas in the U.K. was high, but I no clue that it was triple what was here in Texas. And to think here I am driving around in my Escalade paying 2.70$ a gallon, bitchin when it gets over 3.00$.

Sorry!

Have gas prices rose much since the BP disaster?



[edit on 4-6-2010 by tooo many pills]

Sounds like FUD by Big Oil to scare people to think crude oil is their only option.

I've already posted in various threads many options for fuel reformers. There is absolutely no need to drill for more crude oil.

This is great News ! I hope it goes to 20 dollars a gallon.

That just might be the thing that starts to get us away from our dependence of oil and turn to cleaner better energy solutions.

Some people have posted that it is impossible to get us away from oil. I believe these people are being manipulated by the oil industry.

Yes, we can do away with oil and make clean, cheap energy a reality.. the want to have to be there for everyone.

Never forget that despite all efforts to convince you otherwise, OIL is the life blood of our economy.

At least until a viable alternative is found.

Our economy really began to falter when there was a major spike in oil prices some time ago.

If we can't replace it, and demand rises along with dependence on foreign sources then we are screwed.

Every penny per gallon for fuel has an affect on all business in this nation.

Oil needs to be replaced with an alternative before we stop using it.... It is suicidal for our economy to do anything that would inhibit domestic exploration and production.

Sit back and enjoy the show.

Up next... Cap and trade!

Oil as our energy source is how everything around you and in your home, including your food got there... All of it!

Either ships, trains, and millions of trucks... All burn a lot more fuel than cars, all of them charge rates based on fuel prices.

Americans can reduce their own personal dependence on oil, but our economy can't... NOT YET!

There is no alternative... at least nothing viable.

How do you get a truckload of frozen foods, or meats to market without diesel fuel and a truck?

Average loads weigh 45,000 pounds?

Can we use solar, or wind power for that?

Horses?

How do we keep it cold while being transported? Refrigeration units on trucks also need diesel fuel.

What about EVERYTHING ELSE?

Including international trade?

Our economy is entirely dependant on oil, like it or not, it is the reality, anything that affects oil production and costs will have profound impact on our entire economy.

It may seem easy for Americans to be less dependant on oil, but it isn't at all that easy.

Good luck making it happen in time to prevent the inevitable economic disaster that will come soon enough.

If you can't decrease dependence on foreign oil, and you can't increase domestic production what other way is there to decrease dependence?

This has been the extreme leftist agenda all along...

You decrease domestic dependence on oil by making it so expensive that few can afford it... How?

Cap and Trade will git-er-dun!

Taxing the oil industry, new strict regulations and restrictions on domestic exploration and production of oil, then you tax energy consumption in every way possible.

They will pass this soon, thanks to BP.

You ain't seen nothing yet.

How about $10 per gallon?

The USA is a large country, largest economy, commerce and business are dependant on oil period. That isn't going to change in the foreseeable future, there isn't a viable alternative or infrastructure set up to handle such an alternative, technologies, engines? conversions? are decades away from development and implementation.

Bio-diesel is a joke, it takes vast amounts of biomass and energy to make fuel from food... Food that can be used to feed hungry people... And for what?

So we can feel better because we are buying less foreign oil?

Because we produced .00000001% of our diesel from grains?

People need to get back into the reality we are actually in before it is too late to save the economy.

It may already be too late.

There simply isn't a viable alternative that will reduce enough of our dependence on oil at this time.

But there are political agendas, though very destructive they will reduce dependence, while destroying what is left of our once great economy.

If you think you have seen bad times, you ain't seen nothing yet.

[edit on 4-6-2010 by Fractured.Facade]

Here is why this whole think makes no sense to me. I live in Wyoming which believe it or not has a lot of oil under the ground. During the "economic recession" or "crisis" or whatever you want to call it Chevron and BP shut down some of the most major oil rigs out here. There is still plenty of oil in those wells.

A couple thousand of people lost their jobs.

So why not close some offshore crap and take some available, already drilled resources that would give tons of people their job back?