Re: Falling Diesel prices
There are about 4 oil refineries that I can see from my RV window in North Salt Lake, UT. However, diesel has come down from about $3.79 when I got here 3 weeks ago to $3.47/gal. Not near enough considering how much it's dropping elsewhere in the U.S. and the fact that a barrel of oil has dropped 50% but a gallon of diesel has only dropped 27% here. It's still better than paying the $4.79/gal I was paying last summer.
With the worldwide slow down I don't think oil will be going up anytime soon so everyone will forget about exploring/drilling offshore and in Anwar until the next big spike hits. We will still be 10 years away from getting the oil out of the ground. Too bad we can't start drilling now.
Well enjoy your vote and don't complain when the next big, big raise in gas/diesel prices hit. We will be burning whatever windmills and solar panels produce by then. It will be time to get some good walking shoes because that's what we will be doing a lot of. Lots of luck on that one.