(Liquefied natural gas) can be brought into a port at well below what California is paying right now for natural gas, and what we anticipate paying for many years to come. |
Clean coal does exist, but it's no more cost-effective than solar power. A 22% increase in funding is just not a Manhattan Project-type effort that we need. |
I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts. |
In general, you have to have a pretty serious market power concern before you go down this road [of price controls], because the chances of causing shortages and causing gas lines are quite significant. Hawaii seems to have designed this so it's much less likely to happen, and Hawaii has a credible argument to be made that they face a significant market power problem. |
In general, you have to have a pretty serious market power concern before you go down this road [of price controls], because the chances of causing shortages and causing gas lines are quite significant. Hawaii seems to have designed this so it's much less likely to happen, and Hawaii has a credible argument to be made that they face a significant market power problem. |
It could increase vastly, but it depends entirely on policy. |
It looked like money down a rat hole. I can certainly see why they'd be cautious now. Just because you're making an extra $35 a barrel doesn't mean you should be pouring that into exploration. |
It's a world market for oil and that's why we have high gasoline prices. |
It's not like this is a gigantic change in the cost per mile of driving your car. That's why you won't see many people get rid of their cars or suddenly decide they can't drive to work anymore or will take the subway or whatever. |
Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage. |
Next year, we'll quite likely have rates higher than this winter. The futures market for natural gas is telling us that these prices are not temporary. |
That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad. |
The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel. |
The oil companies may be raising it a few cents, but that's not where the action is. |
The only way to save money is to shop around because even within cities there's still huge price difference, often 20 or more cents. |