Thread: Gas Price Pa

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Originally Posted by IC2

Yep, Don, you are so correct about ANWAR, the California Coast, off shore both Florida and North Carolina. and the Democrats succumbing to the tree huggers and bunny lovers.

Regular has been @ $3.09 for about a week, overnight it went to $3.19 and not one of the mullahs even sneezed. So what gives?

Back in the first oil gouging by the rag-heads in '74 all of a sudden there was a flurry of activity around old well-heads in KY and TN that hadn't been active since the late 40's and 50's. The pumps were running 24/7 if the pool could support it. After the prices went up, demand leveled off and then prices declined, the rigs quit running and then disappeared. I heard that then the oil companies came in and started buying the 'rights' to any wells that were willing to be sold. Now that the price of a barrel of oil has surpassed $100/barrel, guess what? No activity at all. I have heard that at some well heads in this country, the oil companies are not going to start pumping 'til they see $150/bbl.

Where is the "Manhattan Project" for energy?