Re: Extreme stress... gas prices

Hi_Therre <Bruce35@xxxxxxxxxxx> wrote:
|| On Thu, 01 Sep 2005 12:48:20 +1000, Alan S
|| <loralweightandcarbs@xxxxxxxxxxxxxxx> wrote:
||
||| On Wed, 31 Aug 2005 16:26:13 -0500, Hi_Therre
||| <Bruce35@xxxxxxxxxxx> wrote:
|||
|||| On Thu, 01 Sep 2005 00:28:14 +1000, Alan S
|||| <loralweightandcarbs@xxxxxxxxxxxxxxx> wrote:
||||
||||| On Wed, 31 Aug 2005 09:57:04 -0400, "RK"
<reisak@xxxxxxxxx>
||||| wrote:
|||||
|||||| x-no-archive: yes
||||||
|||||| I just got back from running around this morning, stopped
|||||| off at the gas station for a pack of smokes and coffee..
|||||| the clerk was telling the guy in front of me that within
|||||| 10mins they were changing prices, gas "was" $2.57 a gal
|||||| -- while I
|||||| was there filling up, gas rose to $3.16 a gal
||||||
|||||| *sigh*
||||||
||||| Yeah. *sigh*. I live in the cheapest spot in Australia
for
||||| petrol.
|||||
||||| Today it's AU$1.10, although in Brisbane it has hit
AU$1.32
||||| a litre yesterday.
|||||
||||| AU$1.10/L=US$3.12/gln
||||| AU$1.32/L=US$3.74/gln
|||||
||||| The difference is that we've been paying between $.90 to
||||| $1.10 a litre for years here.
||||| Cheers Alan, T2, Australia.
||||
|||| Your gas has to be imported, correct?
|||
||| No, I'm looking for the numbers but we are basically close
||| to a net zero on oil - we use the equivalent of what we
||| produce. It's a little complicated because we export LPG and
||| some lighter grades of crude and import some of the heavy
||| crudes. We also have vast coal (black and brown) resources
||| and are major exporters of coal.
|||
||| The high taxes we have on petrol/gasoline were introduced in
||| the '70s during the OPEC crisis to encourage exploration -
||| and succeeded to a degree, with additional discoveries in
||| Bass Strait and off the NW shelf of WA; but long ago the
||| taxes got diverted into general revenue.
|||
|| In the US we don't have a real shortage of oil. We just have
|| a shortage of light crude which is easy to refine. Heavy oil
|| is very plentiful in the US. The refineries are not set up
|| to refine this heavy (junk) oil. Not sure why Bush does not
|| force Big Oil to use this heavy oil to relieve this
|| dependence on mid east oil. Seems logical.

Likely cost, the same reason no one before him has since
WWII.

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