Re: We will never pay less for gasoline than we are paying at present

Major Debacle wrote:
> 
> Bill Bonde { ''Mr Gore, tear down this wall'') wrote:
> >
> >
> > Major Debacle wrote:
> >> Bill Bonde { ''Mr Gore, tear down this wall'') wrote:
> >>> Major Debacle wrote:
> >>>> America's gas tank is near empty and the only filling stations are
in
> >>>> other countries. We have nothing left in this country to drill for
but
> >>>> the dregs.
> >>>>
> >>>> Barring some worldwide decimation of the population, there is no
where
> >>>> for the price of gas to go but up.
> >>>>
> >>> What does it cost to convert coal to gasoline? Some upper limit
> >>> exists to prices if alternatives can exist.
> >> I have read estimates claiming that coal can be converted to crude
oil
> >> at a cost of $35 a barrel. But if this were true, there would be a
mad
> >> scrambled to go into commercial production. That is not happening.
> >>
> > What if the real cost is $70 bbl? And what if the only way to get
> > that price is through scales that require the investment of
> > billions of dollars? Wouldn't that mean that anyone considering
> > such things might worry that there could be an oil price drop from
> > today's prices which could make the investment unworkable? This
> > idea that oil could go down isn't implausible, it's what has always
> > happened before.
> 
> Do you see a role for government is this type of situation?
> 
As it is, the Bush administration is funding a dollar a gallon back
to bio fuel sellers. So that's something that's already going on.



-- 
 "It happens sometimes, people just explode, natural causes." 

-+Alex Cox, "Repo Man"