Tag Archives: Oil imports

Long-term solution needs attention

The immediate impact of the world’s current crisis in Ukraine has been profound and powerful with the skyrocketing cost of fossil fuels — the gasoline and diesel we pour into our motor vehicles to get us from place to place.

It is affecting our plans here in North Texas, forcing my wife and me to rethink our travel plans as we move through this challenging year.

With that I want to offer a brief look at how this nation ought to deal with the immediate crisis. We ought not worry ourselves sick over immediate solutions but look ahead farther down the proverbial road at longer-term fixes. I refer to “green energy.”

We still consume a lot of oil-based products we pump out of the ground. That energy source is finite. There’s only so much of it we can remove from beneath Earth’s surface. Once it’s gone, it’s gone … forever.

Texas, though, has taken the lead on renewable energy sources, along with continuing to be among the world’s leaders in producing fossil fuels. We are continuing to invest in wind energy and in solar energy.

As far as I can tell, that old wind is going to keep blowing until the end of time. Take it from me, as someone who spent 23 years on the West Texas Caprock, I am well-acquainted with the power of wind and the potential it brings to keep the lights on. Any kilowatt hour we can generate from a wind turbine takes away what we need to produce from fossil fuel.

The Russians keep talking about cutting off oil supplies to Europe and beyond. The United States still imports some oil from Russia. If the Russians make good on a threat to cut us off, too, then the price is going to skyrocket to even higher levels.

The climate-change deniers debunk green energy as the stuff of washed-up hippies. Baloney! It is a serious alternative to the way we fuel our current lifestyle. Is there a short-term repair to the damage we are feeling at this moment? Not really. If we look at the longer term, we can keep our eyes on the bigger prize, which is the harvesting of energy from endless sources.

johnkanelis_92@hotmail.com

Gas prices zoom up … why?

Oil speculators have become the bane of many Americans’ existence.

They’re the folks who push panic buttons every time a crisis flares in a region of the world that produces oil.

Iraq. Oil. Crisis. Price spikes. Boom!

http://www.politico.com/story/2014/06/iraq-gas-prices-107841.html?hp=l5

The price of gasoline jumped a dime per gallon today across Amarillo because, I guess, speculators have determined that the Iraq crisis is going to result in a major disruption of oil from that region to the rest of the world.

Politico.com reports that the Midwest region of the United States is the first to feel the hit. I guess that would include the Texas Panhandle.

President Obama said the crisis in Iraq hadn’t created “major disruptions of oil supplies.”

I’ll take him at his word.

Back to oil speculators. I continue to be amazed that gas prices are subject to these dramatic increases. Decreases — if they come — usually arrive in dribs and drabs. A penny here and there. Maybe two cents a gallon.

Frankly, it remains a mystery to me that the price of oil has to move at all even when these crises erupt.

This country imports a tiny fraction of its oil from Iraq in the first place. The bulk of our imported oil — which now comprises a minority of all the petroleum consumed by Americans — comes from friendlier sources, such as Canada and Mexico.

But it’s those speculators that drive me more than just a tad nuts as the price of gasoline zooms upward.

I don’t believe I’m the only person who shares this view.

Russian oil dependence? Here? In Texas?

This tidbit just popped in over the transom from a conservative friend of mine who lives in up yonder in Gray County, Texas.

He received an invitation from Ryan Sitton, a Republican candidate for Texas railroad commissioner, to attend an event in which Sitton was going to extol his efforts to wean the nation of its “dependence on Russian oil.”

My friend is perplexed. So am I.

Neither of us was aware that Texas and the United States had a “dependence” on Russian crude.

He flashed the invitation to me electronically. Sure enough, that’s what Sitton said.

I looked at the list of Sitton endorsements and saw some familiar names. Former Amarillo oil tycoon T. Boone Pickens is on it; so is Railroad Commission Chairman Barry Smitherman and former RRC chair Elizabeth Ames Jones.

Do they know something the rest of the world doesn’t know, that we have grown dependent on Russian oil?

I looked it up. The information from the U.S. Energy Information Administration is a bit dated, but in 2007, 3.4 percent of U.S. oil imports came from Russia. Our biggest supplier then was Canada, with whom we share the world’s longest unprotected border.

I’ve been pondering this for a bit. Since 2007, our oil imports have declined. The United States is now consuming more domestic oil than it is importing. The oil boom that exploded in West Texas has reignited here. Try getting a hotel room in the Permian Basin. You’ll be paying through the news for a room at a Motel 6. Why is that? Drilling contractors have gobbled up lodging space.

I haven’t even mentioned the shale oil boom in North Dakota, which is remaking life as they’ve known in that rural part of America.

So, what’s Ryan Sitton talking about? Russian oil dependence? The young man needs some counseling.

Thanks, my friend in Gray County, for bringing this to light.