Quote:
Originally Posted by thickstunalex
I remember when I had my Pontiac GTO and filled the tank with 93 at $4/gal. I rang up $70 at the pump. The GTO was also my daily driver, and I drove a lot.
Flash forward to now, and we have much more domestic production to offset crazy-high fluctuations. My 2SS is much more fuel efficient than the GTO, and adds 55 extra hps.
Cheap oil was nice on our pockets, but the whole premise behind it was OPEC wanted to kill of the new shale market in the US. They wanted to see us out of business so they could gain back control of the oil market. They failed...
It hurt 3rd worlds nations the hardest, and ruined Russia's economy who's government is 70% vested in oil profits. All the while OPEC was watching to find out just how resilient American domestic production was. Some jobs were lost and production cut, but none of the companies folded under. Oh, and Americans are depending less and less on fossil fuels each year. Automobiles across the line are getting more fuel efficient. We have a greater energy production portfolio of natural gas, wind, and solar now.
OPEC can no longer control the world oil market like they did in the 1970's. We should actually be rejoicing!
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Also, I would like to see the elimination of the burning of food (ethanol), which will go a long way towards helping the third world, food prices, the climate, fuel efficiency, etc.
http://reason.com/archives/2014/05/0...hanol-disaster
One tank of ethanol-mixed fuel burns the same calories as a person consumes in a year. And ethanol production has led to more clear-cutting of rainforests.
Padre