Many motorists got a shock yesterday at the gas pumps. At some locations, the price of gasoline was over $3.70 per gallon.
In Summit Hill, it was $3.69 per gallon but a 5-cent per gallon user fee is charged for using a bank card.
There are all types of theories regarding how high gas prices will be this summer. Some predictions are $5 by Labor Day. Others say $4 by Memorial Day.
Just traveling to work people are spending a lot more for gas than they did a year ago.
As the price of gasoline rises, so do other prices. After all, it costs more to transport food and other products to the various stores.
Not only is the price of gasoline getting obscene, so is the price of heating oil.
It's bad enough for families to pay to heat their homes, just imagine what it now costs to heat a large building such as a supermarket or warehouse. Again, it all means additional costs when you go shopping.
Actually, it means more than that. It means some employers won't be able to afford heating their buildings, resulting in more job losses.
Where's this all going? How much can the average person endure? What can be done to curtail such incredibly high gasoline and fuel oil prices?
Is there price gouging occurring as a result of the Middle East turmoil? Is our government doing all it can to prevent additional abhorring price increases?
Our lawmakers should be addressing the fuel situation. They should be letting the American public know what is happening with gas and fuel oil prices.
Federal officials should also be talking to Americans about how they are handling the crisis. Do they have any solutions to putting a brake on the increases? Is there adequate fuel for our nation's security?
Back in the 70s, turmoil in the Middle East was handled with gas rationing because of shortages. Will this be an occurrence down the line if the tinder boxes of the Middle East continue to ignite?
We're helping Libya rebels with their problems. We're helping the Afghan people fight the Taliban. We're in so many areas of the globe being helpful, but are our government officials doing anything to help the people they directly represent?
Before prices get much higher and before rationing would occur, our government leaders owe us an explanation and answers.
By Ron Gower
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Domestic Oil and Gas Resources!
On January 17, 2010, it was announced that our gas prices will be at $5/gallon by 2012 . What’s wrong with this picture....
Subject: Oil
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; “How much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "More than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2010 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 2009) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil.
Even though Obama and the Democrat Congress would not allow it, The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5..3 trillion..
"When I first briefed Democrat legislators and Obama on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.
"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada.
For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves..... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!
That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!
U. S. Oil Discovery - Largest Reserve in the World
Stansberry Report Online - 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2008 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted.With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
-21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- AND IT'S ALL RIGHT THERE IN THE WESTERN UNITED STATES!
HOW can this BE? HOW can we NOT BE extracting this?
Because Obama, the Democrats, environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East - more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it, do this:
By the way...this is all true. Check it out at the link below!!!
GOOGLE it, or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911