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World oil production is 86 million barrels a day. World oil consumption is 86 million barrels a day or a little bit more. Oil consumption has increased 9 million barrels a day from last year. Three oil refineries in the US are down, one of them being the big Texas City oil refinery in Texas which produced a half million barrels of gas a day. The price has almost doubled in the last year and there has been no slack in demand. What is wrong with this picture is the new car lots are full of large pickups and SUVs, you would have thunk my now they would be dinosaurs..... Even my seven year old grandson can do the math, we are headed for another gas shortage soon with all of the lines all over again as demand surpassed our refinery capacity. Don't expect any help from the government. They know the numbers. The government won't move until the gas lines and shortages occur. The first item of business would be to lower the speed limits back down to 55 MPH, doing so will conserve 15 percent of our gas consumption. And the second item of business would be to increase gas mileage by legislation..... No more big pickups and SUVs getting anything less than 20 MPG CITY.... Of course, this will only provide a repreive for a few short years, and then it will happen all over again..... I suggest everyone do a google search on Peak Oil. Its here.... No politics involved, the price of gas is increasing due to supply and demands, the free marketplace. Anyone who doesn't see this correctly isn't reading the tea leaves..... What's its gonna take to wake up America, being slammed by a 2 X 4? We used to have a 180 day supply in reserves, its down to 54 days..... Yes, in March and April we used less than refined, but this summer has seen a big increase in consumption despite the prices going up dramatically..... T. Boone Pickens is warning that the crisis will hit before Christmas. He's one of the world's richest men. As far as there is a lot of oil in the ground, that's true. But its becoming harder to pump the oil, and we have reached our capacity to refine it..... He suggest we don't use our natural gas to produce electricty, which should be left to coal and nuclear power. We are after all the Saudi Arabia of coal.... We also need to look at how we package products with plastic. The days of plastic containers for milk and sodas should be gone. Trees are a renewable resource...... But there is no will in this government to do any conserving until we're out of gas..... We also need to think like the Europeans, 20 MPG is not good gas mileage. They think at least 30 MPG, if not 40 MPG. In fact the Volkswagon Lupo diesel gets 60 MPG, whereas the best selling car in Europe last year was the Volkswagon Polo diesel, which gets 50 MPG..... Diesels engines get approximately as a rule of thumb 33 percent more mileage than gasoline engines..... The Europeans have diesels in their Passats, Boras (Jettas), Golfs, Polos, and Lupos..... every sized car one can imagine from Volkswagon. Why haven't American car manufacturers done the same? Yep, they are still attempting to sell their gas hogs sitting in their new car lots. Dinosaurs all..... The news media has warned us... The facts are common knowledge..... Our consumption has passed our capacity to refine oil..... The Saudis are pumping as much as possible to fulfill demand. Yet, they are balking at pumping more, as we don't have the ability to refine it..... Yes, repealing the oil depretion allowance has finally caught up with us. What a stupid move by the Carter administration..... Burn the hand that provides us the goods....
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