I am the Bogeyman, and I will scare you.
I have an opinion.
One that you don’t share with me because of what I do for a living.
What is that you ask?
To help lay the groundwork for my opinion…
I WORK FOR BIG OIL.
Those of you that know me know the entire description (I’ll save the rest from those of you that are faint of heart) but suffice it to say I know why the price of oil has gone up, and SHOCKER: it has nothing to do with oil companies themselves. For those of you not “in the know” oil is a publicly-traded commodity. You can buy shares of it on the stock market, you can invest in it’s futures, and you can (like I did back in 2004 before I got a job in this industry… smart move!) invest in exploration which the true future of the industry.
The barrel just shot up to $134 today according to various news outlets that I don’t have to quote as you can probably find this information being screamed out of every talking head at every water cooler in the entire world. The added convenience of this is that you can even get the information in multiple languages if an explination in english doesn’t please you. Woe unto me I now have to contemplate paying close to $4 a gallon at the pump! $60 to fill up my car! EGADS, WHAT AM I TO DO?!?!?!
Time for a little truth telling, and that opinion that is going to inflame quite a few.
I could care less that you, the end-consumer, pay as much as you do for gasoline or diesel.
All I hear from the states is people bitching about how petrol has caused them to barely be able to afford to go to work, how you won’t be able to afford that vacation that you wanted to go on because now your trip will have a $100 extra cost attached to it because of the increase in transport, etc. Hell, I have lost count of how many people tsk-tsk when they drive by a petrol station nowadays and like to reminesce on the “good ole days” when it was priced anywhere from a buck a gallon to two.
Why don’t I care? Is it because I am working within the industry that is making “record-breaking profits” and I get a cut (I don’t)? Is it because I am living off of your sorrow and suffering because as with any product that is publicly traded it is not the fault of the traders that are actually driving up the price of a barrel, but the person(s) that actually pull it from the ground, refine it, etc.? Maybe I enjoy knowing that the standard European pays what we pay per gallon on a friggin LITRE of the stuff and I want to see Europe as a union slide into a miasma of poverty?
-Alright, that last one might be funny to watch.
No. I blame you. Yep, all of you that are currently complaining about the price in any way, form or fashion. America has HUGE oil reserves numbering in the TRILLIONS of refinable barrels. Google it; the numbers are there. Canada also has a shit ton, as well as Mexico, and those are countries that we can redily obtain said material by RAIL and not by having to import the goo by sea from OPEC allied nations in the Mid East, which still allows your field of view not to be tainted by unsightly oil wells you prissy bitches. Alaska WANTS us to drill there; the people that are actually indigenous to that state get a windfall check from the EEEEVIL oil companies every year based on a percentage of the oil profits that are yearly gathered, and this year is turning out to be a pretty damned good one for them, so you can imagine they want production to go up… but YOU won’t let anyone drill in one of the largest discovered deposits we have because of some fucking snow moose. Montana has another huge deposit, but once again drilling was shut down there due to a bill in the House being voted down on the floor (THANKS DEMS!!! GOOD TO YA!!!).
The reason that I blame the States for the current price of a barrel of oil is simple.
1. The UNITED STATES STOCK EXCHANGE (and not the international slide of the U.S. currency, as analysts would like yo to believe) has caused this temporary leap in crude prices, not the oil companies.
2. The UNITED STATES GOVERNMENT are the ones that are regulating to death any potential new refineries opening stateside. One that I know of is currently being constructed in Texas, but the last one built before that was in 1976, and our refined consumption has only increased exponentially since then. It is only since this crunch that plans for new refineries have been put on the table.
3. The DEMOCRATS want to rethink NAFTA which allows for lower tariffs on imported goods from both Mexico and Canada… which includes CRUDE OIL. Those are the two cheapest importers that we have to date and some of the reasons that we have enjoyed such cheap petrol for such a long time.
4. FEDERAL AND STATES TAXES ON PETROL make up 45% of the total pump price of a gallon. Thank you GOVERNMENT AGAIN!!!!
5. You blame the very people that are attempting to assist in the lowering of prices (a dis-satisfied consumer is never a good one to deal with, even if your product is a standard of living neccessity, and the so called “Big Oil” companies know that) by limiting exploration within our own borders (Florida will still not allow drilling off of their coast due to “unsightliness”) and regulating the industry internally to a friggin standstill. No wonder we have to depend on foreign imports.
The officials that YOU elected, coupled with your GUILT about the country’s success, has caused this.
There is a light at the end of the tunnel though. Due to the increased prices the modern consumer is having to do some really interesting things like re-think their earlier stance on things like pollution, and maybe making some concessions to the process to allow it to function more efficiently and thus at a lower cost. I mentioned a new refinery is going up as we speak; there are also various nuclear plants that are currently well under construction, with nuclear offsetting our need for petrol as an energy-producing resource. Serious efforts are going into exploring new areas of the world to get petroleum out of the ground and it is this upswell of prices that is allowing for this; already massive finds have been made in Brazil and the Falkland Islands and new technologies are being introduced (see “oil sands technology” and “Gas-to-liquids refining”) that will be the future of this industry… and will DRIVE DOWN COSTS.
My suggestion? Cook at home a couple more times than usual instead of eating out, avoid RETARDED costs like buying your precious little snowflake the newest releases from the “Baby Phat” line of clothing… and wait.
Bitching is just that; you cannot change the current situation so you might as well deal with it and move on.
A boom is just that; a boom. It is temporary.
You will eventually be able to go back to complaining about gas prices being $2.50 again as the industry levels off.
-Did you also know that the Petrleum indistry is hiring right now as well? They pay extremely well and this increase in pay SHOULD offset any complaints you have at the pump. Think about it.