published Thursday, March 10th, 2011

Should Gadhafi set our gas price?

World oil and gasoline prices have soared recently, in part because Moammar Gadhafi, the despotic ruler of the big North African oil-producing country of Libya, is locked in battle with Libyan rebels.

Most of Libya’s oil goes to Europe, not the United States. But with Libyan oil disrupted, price reverberations have spread throughout the world.

Oil disruption — and supply anxiety — anywhere dips into the pockets of us all.

While most of our oil is produced domestically or comes from countries other than Libya, we have nonetheless seen Chattanooga gasoline prices rise in some cases above the $3.50-per-gallon mark. On Tuesday, the average price for a gallon of regular gas in the city was $3.41.

We Americans depend upon our cars — and the gasoline it takes to operate them. High prices at the pump remind us that our high-powered engines don’t provide as many miles per gallon as we would like.

Many Americans don’t have (or want or like) little cars that can provide more miles per gallon than luxurious, larger cars do.

And most of us, for years to come, will remain victims of oil-supply disruptions in parts of the world that many of us might have difficulty finding on a map.

At a minimum, we will continue to be victims until we decide to do something about that dependence by no longer putting a great deal of our domestic oil off limits to exploration and production.

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.

I wish you would have the courage to sign your name to the previous "editorial". If you had the courage to do so, we could then call you a liar by name. The gas/oil prices have spiked because of the Wall St. speculators. Please stop spreading the MSM lies.

March 10, 2011 at 1:11 a.m.
hambone said...

L4F, I see you haven't read about oil and gasoline supplies being at a all time high have you?

March 10, 2011 at 4:10 p.m.
rick1 said...

Lets look at Obama's energy policies that have caused the price of gas to increase:

In 2009, Interior Secretary Ken Salazar, canceled 77 leases for oil and gas drilling in Utah. Salazar also banned drilling in eastern Gulf of Mexico, the Atlantic and Pacific for the next seven years.

EPA has new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.

Obama’s Energy Secretary Steven Chu wants to "figure out how to boost the price of gasoline to the levels in Europe." At the time of this statement gas was $7 - $8 a gallon in Europe.

Obama instituted, two drilling bans in the Gulf of Mexico and refused to issue any new drilling permits in the Gulf, a policy that the Energy Information Administration estimates will cut domestic offshore oil production by 13% this year

All of these policies raise gas prices at the pump by either, decreasing the availability of domestic energy supplies, or increasing regulatory costs on gasoline production.!OpenDocument

March 10, 2011 at 6:11 p.m.
hambone said...

rick1, with all that you say Obama has done. How come domestic production is at a 8 year high and supply is at a 18 year high?

March 10, 2011 at 11:46 p.m.
rick1 said...

Hambone, please show me where you are getting your information that domestic production is at a 8 year high and supply is at a 18 year high

March 11, 2011 at 5:31 p.m.
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