Steve 41oo wrote:The point I keep making is that its not going to fill my tank NOW. And NOW is the energy shortfall, due to our dependency - "addiction" in the words of G Bush - on oil. I just watched Bush and Brown at a press conference. Brown is off to Saudi Arabia in a few days to beg them to increase production. (they can't the taps are full on).
The Saudis have just increased their production by 300.000 b/d.
But the problem NOW is not a lack of oil but rather an oil glut: Iran is accumulating surplus production in tankers : "Iran has at least 14 very large crude carriers, or VLCCs, floating near Kharg Island, a loading facility. "
source
And the surplus crude problem has expanded to Kuwait and Saudi Arabia :
"Kuwait and Iran on Wednesday joined Saudi Arabia in slashing the price of their heavy crude exports to the deepest discounts in at least nine years, seeming to support OPEC's view that the world has enough of its supplies"
source
The real problem is the lack of refinery capable to use the heavy crude from the Middle East (no new refinery has been built in the West for more than 20 years !!!). And guess why on earth don't people want to invest in so much needed refineries ? Because of ... global warming.
"Refiners Face Obstacles to Processing Cheaper, Dirtier Crude Oil"
source
So if you want to fill your tank NOW, don't blame Bush, blame the enviros, the nimby attitude and the legislators who block energy developpement plans out of AGW hysteria.