Iran is threatening to shut off supply to some of their European trading partners, such as France and UK.
If they do, then France and UK will have to shop for their supply elsewhere, which uses up resources, drives up demand, and obviously, increases price.
This isn't just a good ol' gouging. It's an inevitable extension of dependency on a finite resource, and a resource that is partly in the hands of a contentious state.
This is sort of the point to my posts above.. not so much to wag the finger, but to say we've KNOWN this is coming. For whatever reason, be it Iran, or be it other actions by unfriendly states who control supply, or be it just by the very fact that the supply IS finite.. we've known it, and we've done very little to change it.
We can say all we want to 'drill drill drill'.. but not changing our habits only prolongs the problem. And you'd think we've seen enough chickens come home to roost in the last decade or so to understand that we can't just keep procrastinating about the future.
---------- Post added February-21st-2012 at 01:05 PM ----------
However you are right about the need of people to slowly change their habits to reduce energy comsumption. I work for a major oil company and I take a metro bus (~35 min ride) to work. It would be easier for me to just drive but at the grand scheme of things, there isnt a real good reason for me to put one more single passenger vehicle on the highways.
Redskins 2013 Opponents:
Home- Dallas, NY Giants, Philadelphia, Detroit, Chicago, San Francisco, Kansas City, San Diego
Away- Dallas, NY Giants, Philadelphia, Green Bay, Minnesota, Atlanta, Denver, Oakland
I'm mainly upset that I can't blame George Bush for this.
“I just wanted to say to the fans … in D.C. and across the nation, they’ve been great for us, cheering us on. At away games they show up in the masses and at home they really made it feel like a home-field advantage. We said this when I was in college, ‘We got a chance to sit at the dinner table and experience success and it was a good meal. But now we want to go back to get dessert.’ We’ll be ready to get dessert next year.”
Robert Griffin’s last words at the press conference.
Sadly, corn grows more readily here than sugar cane. And corn ethanol isn't mere crap -- it's worse than crap. At least the resources in crap did something useful en route to becoming crap. And if you use crap to make energy, you aren't inflating the demand for a food resource.
Or rather, I hope you aren't.
Sub in any pending crisis or rumor. A hurricane watch is issued for the gulf States. Gas prices immediately spike due to the "fear of an interruption of production." The hurricane fizzles, but the higher gas prices linger.
We can reach an ironclad peace agreement with Iran, the Strait of Hormuz will be wide open, yet this price spike will linger for a long time.
Flying Vince Lombardi x x x x x x x x x x x Ryan Kerrigan... Funky-style
“These are the ideas that people come to America to get away from.”Rubio
How should society view a cure for a ailment of limited duration that takes another's life to 'cure'?
It is useless for the sheep to pass resolutions in favor of vegetarianism while the wolf remains of a different opinion. ...Dean Inge
I think the impact on US energy prices would be so severe that the government will find a way to allow some form of hydraulic fracturing one way or another but i guess the opposition will at least give it a try...
I believe my job as a parent is to give my kids all the blocks they need to build a life in which they can attempt to reach everything they strive for and see anything they can imagine. In a world where everybody finds it easier to destroy than build, I wish for my kids to experience the joy of seeing something for the first time and the love of creating something new.
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