When The Shit Hits The Fan With this upcoming Iranian situation, the decreasing oil production in US-occupied Iraq, as well as all our other compounding problems in the Middle East, the World is going to become a very interesting place in the next year. If Iran decides to cut off its oil exports to the US, I would not be surprised if a barrel of oil was trading at around 100 dollars or more on the market and a gallon of gasoline costs somewhere near 5-7 dollars, maybe more. Even if we decided to tap into the Alaskan Tundra for oil, it would still be expensive. Why? Oil from the Middle is cheap. That's why we're buying it from them instead of drilling it ourselves. It's cheaper to buy a barrel of oil from Iraq or Iran or Saudi Arabia than it is to find it, drill it, pump it out, and refine it in the United States. Alaska is not the only place where the US has oil reserves. I have spoken to many old commercial divers who have worked in the offshore oil business. Aside from the Gulf Of Mexico, there are about 300 drilled and capped wells off the Eastern Seaboard, from the south of Florida to the tip of Maine. This is also not a cheap alternative. It costs even more to produce oil and natural gas from offshore wells than it does to produce it from land based ones. Our energy may even be more expensive than Western Europe, where a gallon of gasoline costs around 5 dollars a gallon. Western Europe's prices, however will be less affected by the Iranian Oil Bourse than ours, mostly due to the fact that they have a large quantity of offshore wells in the North Sea that they do not export from, for the most part. Europe's oil stays in Europe, and they don't really have to import any large percentage from the Middle East. It may be more expensive, but they are much less dependent on foreign oil than we are. In this current situation, Iran has our economy and our energy gorging way of life by the balls, even though we as a country will never realize it or admit it.


What do I plan on doing when energy prices are higher than me on a Saturday night? I currently own 2 Mercedes Benz 300Ds, diesel powered cars. I am also looking at buying another Diesel F-350, much newer and more efficient than the last one. I plan on buying a SVO conversion kit, like the one from Frybrid, to convert these vehicles to run efficiently on SVO/WVO. While the rest of the country is in the middle of an energy crisis, I'll be cruising around in a Mercedes or an F350 paying pennies for my fuel. Maybe if I really feel like being an asshole, I'll lean out the window and announce to the world that I saw it coming while lines form at the gas stations.  ¶ Posted By Anonymous 7:11 PM