No Gas Price Relief In Sight


	No Gas Price Relief In Sight

merrie

5-6-2008 9:09 PM

208 views

tags:

opec, supply and demand, china and india, chuck schumer, oil companies tax, increase domestic supply, research and development, refineries

merrie says:

Global demand will continue to increase, not just through the summer, but forever. The only answer is to increase supply (domestically if we can't get it on the global market) while continuing investments in research and development and upgrades to our aging infrastructure.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/705853bd-687a-4ea1-8c1b-ed50fdfc7693/7F34B7ED-ADF3-46AA-BD29-961D433ED2F8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.gopusa.com/theloft/?p=705" href="http://www.gopusa.com/theloft/?p=705" style="font-size: 11px;">www.gopusa.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.gopusa.com/theloft/?p=705">The oil minister stated that OPEC believed the market had sufficient supply to meet current and projected global demand through the summer.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.gopusa.com/theloft/?p=705"><P>And how about this little nugget: the Khaleej Times quoted the minister as saying, "The price of the oil barrel could go to $200...." </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.gopusa.com/theloft/?p=705"><P>And what do we get back here? Proposals from McCain and Clinton, opposed by Obama, for a federal gasoline tax break for the summer months. Wow, that 18 cents will really go a long way toward helping consumers with rising gas prices. But my favorite was Chuck Schumer, the senior senator from New York, who proposed that the federal government give the bill for the gas tax break to the oil companies. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.gopusa.com/theloft/?p=705"><P>Hello? Chuck? Anybody home? Surely Senator Schumer knows that any additional bill / tax handed to the oil companies will be passed on to the consumers at the pump, negating any impact of a federal gas tax holiday. Right? Senator? </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.gopusa.com/theloft/?p=705">It's time our government addressed this problem for what it is: an issue of supply and demand.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7F34B7ED-ADF3-46AA-BD29-961D433ED2F8/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>