Gasoline supplies right now are plumbing historic lows, just as May and the "summer driving season" are about to roll around. This fact has the industry types at the WSJ's Energy Roundup abuzz with predictions of $4/gallon gasoline, should the inevitable disruption (refinery fire, hurricane, Iran war) occur. As in years past, areas with higher cost gasoline, mostly the blue states along the oceans and Great Lakes, will see the highest prices.
Some hope that record margins (known as "crack spread," heh heh) will lead refineries to crank up gas production, but in any case, there's dangerously little slack in America's dangerously-tight gasoline supply chain. Blogger Robert Rapier points out that gasoline supplies right now are lower than they've ever been (at least since current records began, in 1991), besides a few Labor Day weekends when supplies are drawn down after all that summer driving.
I never quite understood the concept of a "summer driving season," anyways. Why waste a glorious summer day cooped up inside a car stuck in traffic? This summer, let's all escape gloomy gas prices and have a Summer Walking Season instead.
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Pangolin Posted 7:55 am
27 Apr 2007
So if these guys are right because with all the oil we have PLUS ethanol and biodiesel we should be sitting fat and happy in energy reserves. OR....
The guys at http://www.theoildrum.com/ are right and we're going down the Oldavia theory (http://tinyurl.com/acvg8) slope to the post peak oil nastiness. It's a good thing that we can rely on a stable climate to feed us and a rational financial system to facilitate postive changes.
or maybe not....
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Biodiversivist Posted 8:24 am
27 Apr 2007
In the end, it all comes down to biodiversity. Poison Darts--Protecting the biodiversity of our world
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wiscidea Posted 9:34 am
27 Apr 2007
Someone, somewhere in the world, is going the burn through gasoline like there is no tomorrow until it becomes prohibitively expensive. If an "environmentalist" avoids using it, the reduced demand will only make gasoline cheaper for those who don't care. They will buy and burn even more. Since it is inevitable that all that CO2 will be released by someone, we all might as well drive as much as we want to. On the bright side, the faster we use it up, the sooner our civilization will have to adapt to a life without oil. The sooner we drive the price up -- due to scarcity -- the sooner alternative energy becomes economically viable. Indeed, the faster we use it up, the more likely that OUR generation will have to live with the consequences.
Again, this is not my position.
Please discuss. I'll check in Monday to view your opinions.
Forward!
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Laurence Aurbach Posted 10:19 am
27 Apr 2007
But that's not a bright side. Using up oil as fast as possible is the exact opposite of adapting to a life without oil. The pace of change makes a big difference. If we adapt gradually, we may have the time, money and energy to develop new standards, new technologies and new patterns of living. On the other hand, if we merrily continue on our wasteful path with no preparation, we will drop off a cliff and most of Kunstler's predictions will likely come true.
Ped Shed Blog
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Payton Chung Posted 3:55 pm
27 Apr 2007
We don't have enough refineries because, well, I'll note that most of our existing refineries are in the part of Texas and Louisiana lovingly called "cancer alley."
I'm not particularly looking forward to $4/gallon gas -- well, actually, I am, but I don't want to hear the TV pundits, newspaper headlines, and windbag politicians all loudly whining about it 24/7, which they inevitably will.
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odograph Posted 1:05 am
28 Apr 2007
I still like the book "A Thousand Barrels A Second" for its description of the global oil supply chains, their sheer size and production. As we peak through one sort of oil or another (first land-based light sweet crude, then sours, offshores, etc.) we'll see the spiky climb BioD describes.
Those of us already on the road to lower CO2 emissions will probably weather that OK. We've got bicycles and efficient little cars.
And, I guarantee, a $4 summer will start to make more folks look like us.
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Biodiversivist Posted 1:45 am
28 Apr 2007
In the end, it all comes down to biodiversity. Poison Darts--Protecting the biodiversity of our world
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Delay And Deny Posted 1:56 am
28 Apr 2007
But 3% of the world still controls 84% percent of all resources.
Still -- save your pennies kids. That's what Grist tells you to do.
The Texeme Construct
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odograph Posted 2:05 am
28 Apr 2007
If China passes us in CO2 as is predicted, what happens to old rubrics of who controls the resources?
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Delay And Deny Posted 2:17 am
28 Apr 2007
Something else we've got...The Internet!
Seriously, why are we still doing all this driving anyway. You know how I save energy -- by trying not to drive all all, and using an efficient UPS or other delivery truck to bring in my goods to me instead of the other way around.
You Read It Here First
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odograph Posted 2:23 am
28 Apr 2007
Hey, there is actually an old Grist article about this:
http://www.grist.org/comments/soapbox/2000/01/24/yahoo/
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Delay And Deny Posted 2:44 am
28 Apr 2007
http://www.foreignpolicy.com/story/cms.php?story_id=3787
The accumulation and cross-generational transmission of wealth in the United States has gone way too far. When a young hedge-fund manager can take home a sum reminiscent of the gross national product of a small country, something is askew. When a self-made entrepreneur can accumulate enough money to, in effect, purchase that country, something is totally out of whack. It’s impossible to deny that market fundamentalism has gone too far.
My comments on Gardner's article:
http://www.foreignpolicy.com/resources/forum/viewtopic.ph ...
I think that it runs a similar line as my societal concept of The Guillotine.
http://www.you-read-it-here-first.com/viewtopic.php?p=763 ...
You Read It Here First
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Pangolin Posted 3:40 am
28 Apr 2007
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Delay And Deny Posted 3:50 am
28 Apr 2007
Do not direct personal attacks at a poster or fellow commenter. Substance, people. Substance.
http://gristmill.grist.org/special/posting_rules
You Read It Here First
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cce Posted 12:09 pm
28 Apr 2007
No spam, no solicitation, no links to porn, no internet detritus of similar ilk.
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