I love it how the Deseret News' articles on oil prices are out of date before they even hit the website. "Oil approaches $125 per barrel" - ha! Oil was already near $126 when the article went up.

Of course, it will probably be $128 by the time my comment makes it past the moderators.

Such is the joy of living in the late 2000's - a time we will look back on with about as much fondness as we do the late 70's/early 80's.

It's still not too late to get on the waiting list for your compressed air car - delivery begins in 2010!

Maybe we should nationalize our oil like Venezuela has, the oil companies have been ripping us off for over a century.

Exxon made 10 billion dollars last quarter with tax breaks also. We don't even need to compensate them for what they are doing to us.

North Americans need to stand up to these money hungey vultures and the ruling class that protects them.

I'm not an economist; but I'm not dumb either. The elitists said a year ago, that we'd see the price of oil go up to $200 per barrel. Interesting how they "planned" for this. With trade deficits in the trillions and no end in sight, the national budget deficit in the trillions, an anticipated protracted war, the feds printing more and more worthless currency along with their manipulation of rates,the stupidity of the "Stimulus Rebate - I could go on and on. I believe there is a planned and very calculated effort on the part of the world banks to eliminate the middle class. What better way to accomplish their goal, than to throw us into a full-scale depression. This is nothing like the 70's/early 80's.

Hey O2

"It's still not too late to get on the waiting list for your compressed air car - delivery begins in 2010!"

What are the compressors going to run on?

I walk to work past a Maverik every morning. Each time I see a higher price on the sign it means I'm saving even more money.
I decided it would be easier and quicker to walk to work then to get up really early to pump up my compressed air car with my bicycle pump.

"Exxon made 10 billion dollars last quarter with tax breaks also. We don't even need to compensate them for what they are doing to us.

North Americans need to stand up to these money hungey vultures and the ruling class that protects them."

Exxon makes about 10% of its revenue in profit. Chevron makes about 8%. ConocoPhillips makes about 7%. BP made 9% last quarter (up from 7%).

Kellogg makes about 9.5%, General Mills makes about 9%, PepsiCo makes about 15%.

Apple makes about 15%. Google makes 25%. Microsoft makes 30%.

Oh yes, those evil, evil, price-gouging oil companies. How dare they make such profits?

If you resent oil company profits so much, buy more of their stock (personally I own stock in Exxon and Haliburton) This way you will get a cut of those profits, and the more stock you hold-the more input you'll be able to have on this "profiteering."

Capitalism is not evil, though people can be. Communism is never the answer.

Hey G,

The on-board compressor runs on electricity.

Based on today's electrical rates, one "fillup" of a compressed air car, good for 120 miles, will cost you $2.

The cars will retail brand new for less than $18k, seat 6 (they are not subcompacts), and be available in spring 2010. Get in line for one - I already am.

I find it interesting that each time our "Dear Leader"administration threatens a foreign oil producing country the price of crude oil shoots skyward.

I have read on these boards that the President has nothing to do with the skyrocketing price of crude oil.

Each time they threaten military action with Iran the price of crude increases due to what the oil analysts call"Uncertainty in the political situation in the middle east"

Now that the threat of sanctions talk with Venezuela is increasing again the price of fuel increases.

What are your thoughts Is there any relationship with our foreign policy and or threats of military action to the increases in the price of crude?

I am aware of many other factors but I wondered it this was an additional factor which we might have control over.

Perhaps by releasing commments like the above are intended to increase the price of oil in some small way

ANWAR - I'd tap that!

Bush and Cheney, wow, the dynamic duo. Lets just go ahead and attack. They may as well finish the destruction of the US and its economy. You Mo's will vote for the Repub's again. You deserve what you get.

"The on-board compressor runs on electricity.

Based on today's electrical rates, one "fillup" of a compressed air car, good for 120 miles, will cost you $2."

That's a neat technology, but I'm a little suspicious of the true cost of ownership. For one, I don't know how much air is contained in the cylinder or the pressure, but I do have an intuitive concept of the amount of energy required to propel a car 120 miles. I also know that a SCUBA cylinder fill is equivalent to the volume of air in a telephone booth (at 30" Hg) charged to 3000 psi in a small-ish tank. I also know that a SCUBA tank fill costs about $7. And finally I have an intuitive concept of the amount of energy in a tank (thank you mythbusters) and it is much less than my concept of a car traveling 120 miles. Also SCUBA tanks are heavy and you have to have regular hydrostatic testing for safety reasons. But you are wearing it on your back.

I'm also worried about the cost of upgrading the thousands of gas stations to this capability. We're talking a very big number there.

Why can't we as a people all agree that we need to increase the oil supply, by not restricting drilling in Alaska, off shore drilling, oil shale in Utah, etc. Our very own government and other governments around the world are restricting the supply of oil, which is, along with worldwide demand, driving the prices through the roof!

This is having a severe impact on the middle class, and devastating many of the poorest people in the world. WAKE UP AMERICA!!! We need more oil, we have more oil available, but we aren't using it.

The "solution" to high petroleum costs is known, feasible, and could be enacted within 8-10 years, but it won't be.

The solution is to switch to hydrogen. Hydrogen fuel cells have been used on spacecraft for 35 years and are safe. Using them to power our vehicles is possible and in fact GM is working on producing this type of car. Hydrogen would be separated from water (an endless source of fuel)via electricity (simplification...). Totally replacing gasoline cars for hydrogen fueled cars would require an increase in the national electric grid output, which can easily be accomplished with nuclear power (with the right kind of reactor, this also is also an essentially endless source of power). A national will to do this does not exist because there is too much money too be made selling a scarce resource. Those who control this resource have great political influence and will not allow the switch. GM or any other automaker simply wants to sell the means to get around. They don't care if it is gasoline powered, solar powered, or powered by hydrogen. Big oil cares though...lots of profit to be made in selling $126/barrel oil!

It takes a lot of money to keep corrupt people corrupt. Or should I say, corrupt people republican.

Face it we are dependant on oil like it or not we have few options

1. Build more U.S. based refineries, there are very few in the States capable of refining light crude to gasoline.
2. Have viable alternate fuels, Ethonal is a gimic, to have all the cars in the U.S. use ethonol we would need all of an area the size of Brazil to keep pace.
3. Nuclear Fuel for home and industrial power, U.S. Nuclear powered carriers are a small city unto themselves, Europe has used nuclear energy safely and efficently.

Its time we faced facts, we get oil AND have it refined by countries who for the most part are ideoligacally and religiously incompatable with our own culture. We need to face facts.

"Hydrogen fuel cells have been used on spacecraft for 35 years and are safe. Using them to power our vehicles is possible and in fact GM is working on producing this type of car."

Yes, but the fuel cells alone cost about the same as a downpayment on a nice house. And speaking of "scarce resources", have you been monitoring the value of palladium (the main ingredient) lately?

why don't we tell iraq they need to reimburse us for freeing them by giving us a break on oil? they should help pay for us staying their to help them. plus we should have alaskas oil go to the lower 48 currently it is sold to foreigners!

G,

If you're suspicious about the true cost of ownership then why not look it up? I don't have the time/space here to answer every question you have. There's plenty of information out there that will answer your questions - try wikipedia or zero pollution motors website. I know you're skeptical - so was I - but with a little research you'll soon see why this is THE emerging transportation technology of the next 50 years (when hydrogen stakes its claim).

Once again, don't blame me.
I didn't vote for them.

Let's drill off-shore and drill often and rid ourselves of dependency on foreign oil.

If you cut the number of church meetings down and asked people to walk the two blocks to church you LDS could make a dent. Oh and stop driving to useless spectator sports with your big SUVs and big guts.

"As we stumble into the future of a permanent global energy crisis, an interesting delusional theme has taken shape among the public and virtually all our leaders in politics, business, and even science: the obsessive notion that it's all about keeping our cars running by other means, at all costs. This is very unfortunate because it will be a colossal act of futility." - James Kunstler

Listen to the Kunstlercast