Here we go again. The last time I did this it seemed to be somewhat of a success and readers felt comfortable enough to leave a comment or two. Let’s go!
1). If crude oil is $130 a barrel today and economic “experts” claim that crude oil prices if they went to $150 a barrel would translate into $6-8 a gallon gas. If tomorrow crude dropped to $80 a barrel would that translate into $2 or less per gallon of gas?
2). Scientists (we don’t know which ones. It could be the “smart ones” who say global warming is real or the “dumb ones” who say science isn’t settled.) have discovered that there is climate change on Mars and Saturn. It also happens that the climate change is warming. It has been reported that one scientist has come up with a “controversial” scientific theory. His theory is that the warming of the planets might not be caused by man-made carbon dioxide emissions. He further theorizes that the warming might be directly related to solar activity. Why is that a “controversial” scientific theory?
3). Vice President Dan Quayle for all intent and purposes destroyed his political career, for whatever that was worth, because he couldn’t spell potatoe….er, uh, potato….hmmmm. Presidential hopeful Barack Obama said he’d been to 57 states campaigning; he was in Sioux Falls, South Dakota and said Sioux City, which is in Iowa; he referred to states near to Arkansas as “those states in the middle” and wasn’t aware that Kentucky was a boarder state of Illinois; he says he was born as a result of his parents getting “together” during the civil rights march in Selma, Alabama in 1965. Obama was born in 1961; he didn’t know what language was spoken in Afghanistan; he views countries like Iran, North Korea and Cuba as tiny, not posing any threat; he claims his uncle was with the Americans when they liberated Auschwitz – the Russians did that; and the most recent one was him claiming to see dead people in the audience during a Memorial Day speech. The media declares Obama the front runner and is sure to win in November. Does any of this matter? I guess things change.
4). A report out recently says that in April Americans drove 11 billion fewer miles than they did in March. Wow! Right? There are around 200,000,000 licensed drivers in the U.S.A. That means each licensed driver drove 55 miles less in April. That’s 1.8 miles less per day. How much is the price of gas getting us to change driving habits?
If the average vehicle were to get 20 miles per gallon (I don’t know the exact figure) then we saved 550,000 gallons of gas. Will that affect supply?
Tom Remington
