"helmsman" wrote in message
...
On Sun, 30 May 2004 12:57:56 GMT, (King Pineapple)
wrote:

Why are we paying so much at the pump when there is no shortage of oil?


Speculators!
The BIGGEST problem the U.S.A. has is not having enough refineries.
In other words the ECO FREAKS!
The Saudi's are willing to finance the building of 2 refineries in the
U.S.A.
Unfortunately I don't think oil companies will allow it to happen.

The real cure is Hydrogen and we are very very close, and not just to turn
oil back into
lubricating grease, it can also run electrical power plants.
http://www.pbs.org/saf/1403/segments/1403-3.htm
http://www.pbs.org/newshour/bb/scien...gen_10-20.html

I agree that hydrogen would be a great way to get off the oil bandwagon as
far as a fuel for our transportation needs. However, I don't think it's
really applicable as a source for electric power plants. The reason being
that to get the massive amounts of hydrogen for fuel, it will have to be
electrolyzed out of water. This takes large amounts of electricity. The law
of conservation of energy says that we can't get more energy out of
something than is put into it.