AOL News (AP) reports on a market solution to rising gas prices: buy gas now and store it for later. That’s right; create your own strategic oil reserve!
One lucky prospector is tapping the 99 cents a gallon gas that he has stored in his private reserve. What a deal! What a solution!
The market always creates solutions for economic issues. Saving gas is the perfect hedge investment for those looking to offset rising fuel prices.
That said: It’s only a matter of time before Government clamps done on this solution. Why? In an interventionist society such as ours, Government cannot allow individuals to act autonomously; Government must always direct the process.
Until the bureaucrats finally catch on, invest in your own personal oil reserve.
Something else to consider: Those who prophesy the imminent end to the world’s oil reserves should be investing all their money into storing gas for later years. Though the Henny Penny’s of the green guild continue to scream that the sky is falling, they never put their money where there mouth is. Could it be that they do not believe their own gaseous vapors?
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Instead of calling it price gouging they could call it price mounding? That sounds pretty evil to me.
Watch how quickly government cracks down on the “untaxed” bio-diesel users.
There is also the minimal press being given to thermal depolymerization, which produces the equivelant of light-sweet crude oil at $8/barrel.
The doom and gloom types just don’t get it: There is nothing that petroleum provides for us for which there is no alternative. Now that oil is more expensive, those alternatives are now worth persuing. Hooray for technology!
If oil is black gold, then gold is yellow oil. To assure that you’ll be able to afford the former (not to mention everything else you’ll need to survive the coming catastrophe), buy the latter — the more the better, the sooner the better.
This is the average case of individuals trying to stem financial issues in an unknown future. Note that there are also futures markets for this as well. It is government blaming oil companies or OPEC or some other third party that has no sense of preparing for the future.
Curt:
Do you have updated info regarding TDP? The last estimate I saw was $80/bbl for light-sweet crude.
Thanks,
Dave
Dave,
try http://www.thermaldepolymerization.org
the author of that website is somewhat skeptical, though, enthusiastic.
The plant, in Carthage, Missouri, seems to be the only “full-scale” operation in existance.
The CWT group seems pretty tight-lipped about operating results. It would seem, w/the current price of oil, they would be a little more vociferous, it’s a PR blessing, if they had “the goods”.
Also, in some quarters of the “green-energy” field, TDP is derided as “subsidy refining”. I’m not sure if that’s warranted, or another form of —– -envy, but that’s out there in reference to it, as well.
In a different vein, there are so many waste hydrocarbons and unused carbohydrates in our current economy that this “energy crisis” is totally unnecessary from a “kinetic” POV.
It is, per usual, another, well-laid, plan to scr*w the unwitting and/or lazy.
Instead of going through the hassle of storing gas why don’t people just buy shares of gas companies with good dividends? It never ceases to amaze me that this is never recommended as a solution. Buying oil stocks is a hedge against high prices and the dividends will offset the extra cost incurred filling up at the pump
I woudln’t recommend storing gas at your home in any significant quantities — it’d immediately attract unwanted attention of all kinds of zoning and fire protection fascists.
My dad used this exact strategy in the 70′s.
Thanks for the link, M E Hoffer.
The CWT group seems pretty tight-lipped about operating results. It would seem, w/the current price of oil, they would be a little more vociferous, it’s a PR blessing, if they had “the goods”.
Exactly what I was thinking and the reason why I was wondering why they haven’t announced at what price their product is competitive with oil.
Dave,
Re: Link, de nada!~
After some more reading, and a few phone calls, I think CWT is very inefficient v. their “claims”.
Last anyone heard, they’re “snorting” @ the troft, looking for additional subsidies. Given the current price for their supposed product, that’s not “good news”.
Even their corporate website hasn’t been updated since the end of ’04.
As I noted, in a previous post, there really is no end, proverbially, to available waste hydrocarbons and unused carbohydrates that can, with today’s technologies(off the shelf), be utilized to produce to produce electricity(at the very minimum), thereby displacing a good chunk of oil & nat gas demand, and do so with Zero toxic emmissions.
The solutions, to the Energy “problem/crisis”, exist from a technology POV, though, like many other good things, will lie out of reach until more of us, taking of page from Diogenes, go searching for them.
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