I had one of those cars once "fill it with oil and check the gasoline":loco:

Hope my wife remembers where the oil goes.

Is the USA still exporting gasoline/oil/diesel?
Yes!!!!
Has the USA maximized it's capability to basic oil production?
No!!!
Are the needs of Americans the top priority?
No!
Are we the people doing anything about it?
No!
Hence the green agenda continues.......regardless the cost!

It's economics. Oil companies have the capacity to produce more oil without opening up any NEW fields that people are claiming the government should release.

With the trend towards clean energy and the lowered demand for oil in the future the oil companies do not want to spend money today to open up their existing fields (including more expensive shale fields) because in the long term when demand is less they will not be needed.

They could produce more oil from existing fields they own if they thought it would be profitable in the long run. Right now they would rather return their profits to the stockholders.

And to the poster who said they should open up the Keystone pipeline - the Keystone pipeline is open. It's the extension of the Keystone XL pipeline which is being blocked. The Keystone XL will bring tar sands oil from Canada (unusable for gasoline in the US) to Gulf ports FOR EXPORT. I'm missing something - how will that help us in the US?

You could just go ahead and check the actual oil company reports and press releases. They're not run by the news. They just give the information TO the press, who reports what they're told.

If you did that, you'd see that -
(drumroll)
the news reported correctly. Oil companies HAVE reported their biggest profits ever. And oil companies ARE responsible for the increase in price. And oil companies DO have control over how much/little they charge for the oil. And there are no oil shortages, and oil is being distributed just fine throughout our country.

Good analogy.

People need to stop relying on gasoline for all their transportation - just like people need to stop using guns to shoot people.

I like that analogy.

The $.18 per gallon times 8.8 million gallons daily is $880000000, 880 billion a day in lost revenue while saving the average driver less than $10. Gas was $1.89 and is now +$5.00. Gas is up +$3.00 and the Government thinks $10 a month is going to help.

Capitalism

common core math??????

Using the numbers posted without checking them, 8.8 million gallons/day x 18 cents = $1,584,000/day. Even if "/day" was a typo for "/year", it's still only 578.16 million /year. Too bad, since it were truly 880 billion/day, that tax alone would pay off our 30 trillion national debt in 34 days.

I tell you what all of you I will take your savings then as I assume none of you want the extra money. If there was no offer of help everyone would be saying why don’t they do something? Most people probably don’t even know the reasons why this is happening!

Bad math, bad info.

About 369 million gallons per day (8.8 milling barrels). At $.18/gallon that would be $66.4M per day or about $6B over the proposed 90 day period. (Diesel is taxed more than gasoline so the lost revenue will be somewhat higher)

No problem---I use about 20 gallons/month, so where do I send my windfall savings of $3.60??????? You could probably buy half a latte at Starbucks or 6 chicken McNuggets----not quite enough to feed a family of 4. Nothing like a 3 month reprieve of 3.6% on a product whose price has tripled in the last 2 years

I guess you don't remember back in the days of diesel fuel, when we learned that corn oil and other vegetable oil could be used in diesel engines. The technology wasn't good enough for a full replacement, but that's how the idea of adding ethanol to our gas started. And now, most gasoline is cut with ethanol. That can be improved.

Meanwhile - everyone who says this is a petroleum-based economy and country is right. It is. There's no way we're going to give up on plastics, it just isn't going to happen. But there are ways to REDUCE petroleum consumption.

Also, I don't know where you got your chart, but it's incorrect. Probably outdated.

Natural gas is the #1 source for electricity in the USA, at 38%. Coal is second at 22%. Nuclear is at 19% and all the renewable energies, combined, fill out the remaining 21%. Petroleum makes up .5% (half a percent) of electricity sources.

There's no reason why we can't reduce our reliance on fossil fuels, and increase our production of renewables and "alternative" sources. Even our garbage man is already doing that, by converting trash to energy (Waste Management). Heck even GOLF is pro-active in this; the Phoenix Open, sponsored by Waste Management, runs a zero-waste tournament where ALL trash is converted to energy.

It might have started out as a gimmick - a good public relations scheme. But it's an idea with merit.

Concur. I did state "without checking the numbers", but when the math was that horrendous, I should have checked his facts as well. :1rotfl::1rotfl::1rotfl:

Could one of the reasons be all the climate activists flying around in their private jets?