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From my LIPA bill:
"Due to declining fuel and purchased power costs, the Power Supply Charges have been reduced effective
July 1, 2012. This will reduce the average residential customer's bill by 0.8%."
It's "nature's way" of making the high cost of alternative fuel development more palatable. However, to prove the "market" (that segment made up of sods like us) isn't rational one only has to look at why the SUV, with it's low mpg, ever became so prevalent.
BTW, approx. prices/gal. of other stuff no one ever seems to complain about:
printer ink: $2,701
nail polish: $892
Liquid Paper: $198
Robitussin: $109
Tobasco Sauce: $94
Red Bull energy drink: $30
Windex: $10
1. The SUV is one of the most practical vehicles on the road for familes...the ideal LI demographic.
2. I don't spend anywhere near $60+ per week on any of those items. Likely not even $60 per year (except tobasco...I like it hot).
From my LIPA bill:
"Due to declining fuel and purchased power costs, the Power Supply Charges have been reduced effective
July 1, 2012. This will reduce the average residential customer's bill by 0.8%."
:-)
Probably was temporary...
So if your bill normally is $100, you'll save a whopping 80 cents--wow!!!
Well, today's Newsday finally ran an article mentioning the latest brutal spike in LI gas prices, promising relief soon to come (as always).
The poorly written article blames the latest spike on:
1. a shortage of summer-time gas as refineries switch over for winter blends (why don't they just eliminate winter blended gas? It's less dense so you use more and has been proven to not be much cleaner burning)
2. the closure of three oil refineries that used to serve our area (two in PA and one in Carib)
3. Hurricane Issac (I laughed out load at this one!)
So there you have it... excuses so old and used (misused) they're getting dog-eared.
The writer of such propaganda forgot one real fundamental reason for such high prices here in the Northeast.... the oil companies are exporting record quantities of gasoline to other nations. This is a biggie and shows the old paradigm of '...drill baby drill...' is really just a load of bull. It doesn't matter how much oil you have, if you export your product overseas, there will be less of it for domestic use. Hence gas=$4.15/gallon.
Well, today's Newsday finally ran an article mentioning the latest brutal spike in LI gas prices, promising relief soon to come (as always).
The poorly written article blames the latest spike on:
1. a shortage of summer-time gas as refineries switch over for winter blends (why don't they just eliminate winter blended gas? It's less dense so you use more and has been proven to not be much cleaner burning)
2. the closure of three oil refineries that used to serve our area (two in PA and one in Carib)
3. Hurricane Issac (I laughed out load at this one!)
So there you have it... excuses so old and used (misused) they're getting dog-eared.
The writer of such propaganda forgot one real fundamental reason for such high prices here in the Northeast.... the oil companies are exporting record quantities of gasoline to other nations. This is a biggie and shows the old paradigm of '...drill baby drill...' is really just a load of bull. It doesn't matter how much oil you have, if you export your product overseas, there will be less of it for domestic use. Hence gas=$4.15/gallon.
Tried to rep. I don't know where to start applauding this post. You hit every nail on the head. Presidents don't control oil prices and drilling just makes money for oil companies. We are drilling more than ever. Why? Because China and India are buying more than ever. All the political hay is nonsense. The BIG question is WHY are the oil companies still being subsidized?! They don't cut us a break on price so they should at least pay their share of taxes.
As for the dingbat facebook/neocon/treehugger contingencies I explain it thus:
If suddenly China decided they LOVE orange juice. Florida would use ALL their oranges to make and sell it over there, leaving less for us, therby driving prices UP for us (and everyone else). A gallon of OJ would cost a bundle as demand outpaces supply.
That is what is happening to oil.
The oil business is booming. More record profits. Drilling on the rise faster than ever (yes, under OBAMA). So WHY are we giving these guys corporate welfare? They are double dipping on the backs of the middle class (reduced tax revenues AND spike at the pump)! Which party will do something about THAT?! Neither since both are cozy in the sack with big oil.
It's "nature's way" of making the high cost of alternative fuel development more palatable. However, to prove the "market" (that segment made up of sods like us) isn't rational one only has to look at why the SUV, with it's low mpg, ever became so prevalent.
BTW, approx. prices/gal. of other stuff no one ever seems to complain about:
printer ink: $2,701
nail polish: $892
Liquid Paper: $198
Robitussin: $109
Tobasco Sauce: $94
Red Bull energy drink: $30
Windex: $10
Because nobody buys those products by the gallon, nor do people use gallons of those products per month.
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