Look, Shiny New Oil Barrels…
December 5, 2008 by Godfather · Leave a Comment
It is starting. Low gas prices are luring Americans away from the desire to establish fuel independence.
I have to admit, I am not a huge “go green” guy. By that I mean I am not on a sidewalk carrying a sign demanding some company changes their behavior, but I do believe that we must, as a country, engage in this new industry.
Click to continue reading “Look, Shiny New Oil Barrels…”
What Increasing Oil Production Will Mean To Us…
June 16, 2008 by Godfather · 5 Comments
Saudi Arabia is planning to increase oil production next month by a half-million barrels a day. The increase could put the production levels at close to 10 million barrels per day. 
So why when the Saudis are getting record-breaking pricing would they want to increase oil production?
The move is a clear sign the Saudis are getting a little nervous about the effect of high oil prices. Not that they don’t like the pricing, but they are becoming aware of how the increased pricing is effecting economic world-wide growth – thereby leading to less oil needed.
The Organization of Petroleum Exporting Countries (OPEC) on Friday cut its 2008 estimate of world oil demand. Citing slower economic growth and high oil costs - which leads to lower demand in major countries.
If you think about it, reliance is key. If they keep the overall oil pricing in an area where there is still growth (and the general consumer can afford it) then, due to general apathy, there will be no real focus on finding alternative fuel sources.
We have been here before with the same result. Will we learn from it this time? I doubt it, some things never seems to change…
Gas at $46.23 Gallon…
May 15, 2008 by Godfather · Leave a Comment
Unless you are, say, a family with oil ties to Saudi Arabia, the headline probably scared you.
I will go on record by saying that although I am not happy with the oil prices going up, it may indeed be the best thing for America in the long term.
No, not for any environmental save-the-platypus reasons — just old-fashion we-need-to-be-self-sufficient reasons.
- We burn 25 percent of the world’s oil but only have 2 percent of the world’s oil reserves — see a problem yet?
- We cannot continue to rely on other countries for our energy (or food or supplies or insert just about anything here).
- China and India’s energy demands are expected to double by 2030 (they would then import more oil than the U.S. and Japan combined).















