Re: Gas situation on Kauai and Maui?


On Wed, 14 Sep 2005, HiloHaole wrote:

I lived in New Jersey in the early '70s when the
first "gas shortage" happened.  New Jersey had a
system where the stations displayed green, yellow, or
red flags.  Green said that you could fill up, yellow
said that the dollar amount was limited, and red said
that the station was out of gas.  The Hess stations
in the state always had green flags.  The President
of Hess said that there was no gas shortage and it
was just greed on the part of the oil companies.


The second gas shortage came in the late '70s.  An
old woman at our church in Atlanta asked us to pray
for her son who was a Merchant Marine and she had not
heard from him in several weeks -- which was not like
him not to call. The next week, she told us that he
had called and that he was ok.  He said that he was
on an oil barge off the New Jersey coast just far
enough away that people on the coast could not see
the ship.  He said that a great number of ships were
off the coast and that the storage tanks in New York
and New Jersey were full and they all had to stay off
the coast until there was room for the crude oil that
they and other ships were carrying.  He said that
there was no oil shortage and that it was contrived
to get oil prices up.


There are more sources of crude today, so it's less
likely that a shortage today could remain so for long.
But definitely OPEC, for example, cooperates to keep
prices moderately high. If the prices do not get too
high where other sources of energy can replace oil,
then they pump more oil to lower the price.

In Hawaii, we have only one refiner who buys crude. But
the source of oil is plentiful and reliable from the
East rather than from the mainland. I don't think we'll
have a shortage in the near term. Luckily the Chinese
company was not allowed to buy the US company which
owned these rights in the East. We might have found a
lot of that oil going to China instead of coming here.

--alvin

.

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