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Good post, so many assume static technology despite it being so evident that the technology we have today will be wickedly inferior to that in a decade.
So they got cheaper to produce oil from shale now? If thats the case why did some close up when the price drop below 50? I assume that our local drilling likes it when oil is around 30-50 a barrel, vs 60+ for the OPEC pricing.
It's supply and demand, mostly fracking helped lower the cost of gasoline. It is very likely we will see a lot more fracking under the incoming administration.
Note also that high mpg cars, are small, uncomfortable for many, and more likely to have the occupants die when they crash.
No, even bigger cars are getting better MPG. Compare a 2000 Taurus to a 2016 Fusion, for example.
But I agree that its more of a function of global markets and other consumers of Oil, so that more efficient cars are unlikely t have a huge impact on price at the pump.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by hitpausebutton2
So they got cheaper to produce oil from shale now? If thats the case why did some close up when the price drop below 50? I assume that our local drilling likes it when oil is around 30-50 a barrel, vs 60+ for the OPEC pricing.
yes, technology makes it cheaper to extract Shale
NO, local drillers like (need) $50+ / barrel. The more the merrier!
For <$50/ barrel we can burn someone else's underground resources. (the American Way for last 100+ yrs)
pricing is global demand, North America has lots of EXPENSIVE resources, eventually we will need to PAY to PLAY, but at the moment we can Burn Baby BURN!.
NO, local drillers like (need) $50+ / barrel. The more the merrier!
For <$50/ barrel we can burn someone else's underground resources. (the American Way for last 100+ yrs)
pricing is global demand, North America has lots of EXPENSIVE resources, eventually we will need to PAY to PLAY, but at the moment we can Burn Baby BURN!.
And yet we keep on preaching that we need to be more independent when in reality we cant or wont? Can we really be self supply for our use of oil/gas? Stop all exporting and use what we produce?
And yet we keep on preaching that we need to be more independent when in reality we cant or wont? Can we really be self supply for our use of oil/gas? Stop all exporting and use what we produce?
Sure. We would need some sort of federal energy policy.
This is why our state has a tax on hybrids and electric vehicles now, because the portion of the gas tax paying for road maintenance is lost and they still use the roads. Gas is still somewhat tied to supply and demand, it's always been higher around the holidays, in summer when people go on roadtrips, when changing from summer/winter blend or back, and local increases are caused by refinery shutdowns. With gas still below $3/gallon, despite our recent tax increase (to offset lower use), I would not consider it to be high. We were paying $2.25 after Thanksgiving, now $2.65 (local Costco) but filling a 15 gallon tank on a car that gets 30 mpg is still under $40. To me that's very reasonable.
That is a growing problem. Gas taxes cover about half the cost of road construction. But the roads have to be built to handle a certain volume of traffic. If some of that traffic is paying a much lower tax per unit distance, that means a deficit. In Oregon they are trying to tax by mile driven.http://www.roadandtrack.com/car-cult...ased-road-tax/
Last edited by pvande55; 01-15-2017 at 07:12 PM..
Reason: Add link
That is a growing problem. Gas taxes cover about half the cost of road construction. But the roads have to be built to handle a certain volume of traffic. If some of that traffic is paying a much lower tax per unit distance, that means a deficit. In Oregon they are trying to tax by mile driven.Oregon to try U.S.'s first mileage-based road tax
Yea when i was their a few years ago, ( btw learn they only have full service gas stations).. they was talking about double taxing standards. Pay gas tax and mile tax. Report your odom every x months and pay your fees. Im sure it has changes since thin, but that was the talk. Because we are stopping less and tax revenues have dropped. I see the trend on better MPG, gas will only get higher and higher.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Washington is also considering a pay-per-mile tax, though we just had a gas tax increase of 7 cents/gallon. With the federal tax we are now paying 62.9 cents in tax per gallon, with another 4.9 cent increase coming next summer. Even with that they are claiming to be short on the funds needed to maintain/improve the roads. The per mile pilot projects starts next fall.
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(the American Way for last 100+ yrs)
