Gas Boycott

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Mortgage and Lending with Infinity Home Mortgage

     I've been getting a lot of e-mails lately about a gas boycott. There is a post circulating on MySpace about a 1 day gas boycott, a continuing effort to boycott Citgo and Chavez, and the ever popular boycotting of the 2 biggest oil companies, all in an effort to lower gas prices (and, in the case of Citgo, take money away from our enemy, Chavez)

     While I certainly agree with the sentiment, none of these measures is going to have any positive significance whatsoever! First, a one day boycott doesn't affect the flow of gas at all. it simply moves up or back a day or so when you are going to buy it. The same amount gets purchased from the same companies. As for the case of Citgo or the Big Two, this would, at first, seem to make sense. After all, if you quit buying from one or two companies and buy elsewhere, they should lower their prices to get your business back. Unfortunately, the oil companies are way ahead of that ploy. They have spent decades insulating themselves from potential problems.

     ALL the oil companies buy and sell from one another, especially in times of need. If there is a boycott of Exxon and Citgo, for example, all those customers have to buy from someone else. That someone else is soon going to face a shortage from the extra business. They, in turn, will buy the unused oil from Exxon and Citgo at a premium price and pass that premium price along. The boycott would do nothing but RAISE the price of gasoline!

     The thought to buy less gasoline is a good one but, as people are inclined to do, we are looking for a fast fix to the problem of high gas prices when one doesn't exist. We need to permanantly reduce our need for oil. I'll leave that blog for someone else. Perhaps future eco-terrorist Ann Guy will weigh in on the many benefits of alternative forms of energy?

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Rainer
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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

The secret to lowering gas prices is to drive less and to vote for politicians that will support the raising of gas mileage requirements for cars.  I heard the other day that if the average for miles per gallon in the US was raised to something like 45 miles per gallon that we would not have to import any foreign oil.

I think that it's a shame too that we were able to fly a hydrogen powered vehicle to the moon and go four wheeling in it back in 1969 and we're still driving cars that are powered by gasoline!

 

R.B. "Bob" Mitchell

ValueList Real Estate Services, Inc. 

April 23, 2007 10:18 AM #1
Rainmaker
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Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Bill- Bob has it right.. if we want lower gas prices then we need to elect better politicians..come up with more public transportation and  better alternatives then a gas powered engine.. As more countries begin advancing into the 21st century the demand for oil will increase as the supplies continue to shrink.. We have the technology to do many things we  just have to have the guts to say NO to big oil and the American car makers.. get off our collective duffs and get moving toward better solutions.
April 23, 2007 10:35 AM #2
Anonymous
Anonymous
Anonymous

I heard this morning that the simple (and I mean SIMPLE) fact that car tire pressures are not right - we use up to 6% more fuel.

Six percent is a LOT of gas.

Did I check my tire pressure today?  No.

I do NOT blame the politicians.... as ALMOST EVERYONE I pass going to work is alone...not carpooling....the resolution starts with the spoiled (see....me) American.  

 

April 23, 2007 11:52 AM #3
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
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The fact that I'm not a big fan of driving affords me the opportunity to probably not use up as much gas as the next Joe...or Rob.  Yet, conservation in other areas is key.  Quick fixes are a nice thought and make for a thought provoking hot second, but the reality is that you are correct in my eyes Bill.  How do we reduce our need for oil?  One giant step at a time....I'll go off on a political rant-page at another time.
May 05, 2007 04:25 AM #4
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Rainer
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Bill Engleman

Schuylkill and Carbon Countynulls FHA & USDA Specialist
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