we can reduce gas prices now!
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We can reduce gas prices now!. “Kilometers are shorter than miles. Save gas, take your next trip in kilometers.” ~ George Carlin. Nettie Cash of Dallas GA has had to cut back on her medication in order to afford to buy gas. - PowerPoint PPT PresentationTRANSCRIPT
We can reduce gas prices now!
“Kilometers are shorter than miles. Save gas, take your next trip in kilometers.” ~ George Carlin
Gas prices affect… Everyone
• Nettie Cash of Dallas GA has had to cut back on her medication in order to afford to buy gas.
• “It’s not easy,” she said. “You do what you have to do.”
• If prices continue to soar, one of your loved ones could be next.
Gas prices don’t affect demand
Sara’s part about elasticity
What are some things you like to do?
Golf Movies
Hiking
What will YOU need to give up?
Gas has significantly increased
Here are some immediate solutions for this problem:
THE PROBLEM IS THAT GAS PRICES ARE TOO HIGH FOR THE
AVERAGE CONSUMER
Speculative Trading
Strategic Petroleum Reserve
Strategically release some of the 727 million barrels from the United States reserve into the market.
These events all lowered prices for the consumers at the pump
If it worked before, why not now?
1990-91 (Desert Storm) 17 million barrels were released into the market.
1996-97 (Deficit Reduction) 28 million barrels were released into the market.
2005 (hurricane Katrina) 11 million barrels were released into the market.
This would help reduce the impacts of speculative trading.
Taxes on GasolineFederal tax on gasoline is 18.4 cents per
gallon.State taxes on gasoline is an average of
27.9 cents per gallon.Total tax on gasoline an average 48.1
cents per gallon
Temporarily reducing or suspending the gasoline taxes would help the consumer and
possibly stimulate the economy.
Limits on Domestic Drilling
Dependence on foreign oil makes us susceptible to price increases caused by other countries.
We have abundant oil resources here in the United States.
Undo and release some of the United States oil resources that is tied up in bureaucracy.
Solution Drill Baby Drill!
Bekkan Reserves holds an estimated 500 billion barrels. (North Dakota, Montana, Canada)
Oil Shale Reserves holds an estimated 2 trillion barrels. (Utah, Colorado, Kentucky, Mississippi)
ANWR alone holds 29 billion barrels. (Alaska’s North Slope)
Off Shore Reserves in Atlantic, Pacific, Eastern Gulf of Mexico.
Environmental Concerns
Today’s drilling technologies have far less impact and leave a small footprint on the environment then years past.
Caribou populations since the Alaskan oil pipeline was completed, increased from roughly 6000 to over 23,000.
It is important that we utilize our resources while expanding and researching others.
Call to action we can implement NOW!
What can you do now?
Contact your representatives
We feel these immediate solutions will ultimately contribute to our real goal of becoming independent of oil.