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  1. K

    $4 a gallon!

    And don't forget that the recent rise in fuel prices from $90-$110/bbl is due to the drop in the value of the dollar relative to the rest of the world and not an actual increase in the price of oil.
  2. K

    $4 a gallon!

    Oil companies are searching and drilling for oil constantly. Oil wells don't produce indefinitely. Oil Production from each well can decline pretty rapidly in the first couple of years of production, maybe 50-80%. For a oil company to keep producing the same volume oil it must constantly...
  3. K

    $4 a gallon!

    Regarding Alaskan oil being shipped other places than the US, it does happen and it makes economic sense. It is much cheaper to ship alaskan crude to Asia and for Gulf Coast refiners to get their crude from Mexico and South America than to ship Alaskan crude all the way to the Gulf Coast. If...
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