Gas, oil costs start to decline

I have a few facts the have apparently escaped the researchers of this article. First I live in Southern California where a car is like part of our body. The average one way commute to work is one hour plus. If the grocery store, dry cleaners, post office, restaurant, fast food stand, theater, or a friend’s house is more than two blocks, we jump into our cars and drive our bottoms to where ever it is we need to go. This may indicate laziness or a mental issue against walking. Neither is the case. Since we spend at least two hours just trying to make a living, we don’t have time to meander around town. In addition most of us live in communities where the places we need to go to are at least 20 minutes away by car. With this in mind you can see that the price of gas is not going to have a big impact on our driving habits. I admit that this life style has impacted our ability to judge should we walk or ride but that is for another time. The price of gas is impacted by futures. That is what investors are betting that the price will be. The current increase in petroleum products and the minuscule number of new drill sites is what has been fueling the rise in oil futures. The one single action that I can see that has pulled the cork out of the $150.00/barrol oil futures is the urging of the American people to drill, drill now, and drill deep punctuated by President Bushes removal of off shore drilling restrictions. As soon as our congress’ arms are twisted back far enough, they will do the same. We shall then see an even more dramatic drop in the price of oil futures. Stop trying to push Americans to the 19th century and let’s move forward with more oil production and all the other sources of energy. We can use more solar, wind, nuclear, coal, and completely new sources of energy but at the same time we had better drill. One more point; South Africa’s sole source of diesel fuel is from synthetic petroleum and Germany was producing 740,000 tons of synthetic petroleum products per year back in 1941. This procedure was developed back in 1929. Makes on wonder why a country, like America, that has an abundance of coal is not making synthetic petroleum when the gas from this source could sell for around $2.00 per gallon with those producing and selling it making a substantially comfortable living.