As I was perusing through Facebook.com today I noticed a group that caught my eye. The group was called " How to get GAS back down to $1.30 per gallon," so i was intrigued to say the least. This is what it said:
"Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50 - $1.75, we need to take aggressive action to teach them that BUYERS control the marketplace...not sellers." "The only way we are going to see the price of gas come down is if we hit someone in the pocketbook by not purchasing their gas! And, WE CAN DO IT WITHOUT HURTING OURSELVES."
"Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL. If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit."
So is this a good idea, is it even feasible?...No it's not. The reason being, the Oil industry is an open market. Which means prices are determined by competition. To successfully work a plan like this, we would have to find a way to compete with OPEC. OPEC is the dirty word. What about alternative energy? Ethanol?
The odds are Ethanol wouldn't even survive in the Free Market, if it wasn't government mandated. Why don't you know this? Because it's one of the biggest political running platforms there is. Accredited studies prove that Ethanol has a net energy waste in use. This means that Ethanol is not an efficient source of energy, not to mention the devastatingly negative effect that Ethanol is having on our agricultural economy. Some experts say that it could cripple the beef industry in a year. That's bad news for a tipsy economy. So what could work? ALASKA!
In 1987, The U.S. Department of Interior, stated that there are projected billions (somewhere between 4.8 - 29.4 billion) of barrel's worth of unrefined oil in Alaska's coastal plains. They also reported finding 26 different oil and gas prospects that could each have giant fields containing up to 500 million barrels each. That's a lot, and it's on our own soil. Furthermore, if we began drilling it would create a staggering 250,000 - 735,000 jobs. Not only would we begin to drastically become less dependent on foreign oil, gas prices would plummet and the U.S. economy would be boosted tremendously. Think about it.
