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Surviving an oil crisis……

Surviving an oil crisis

by RPM Fuels and Tanks

 

We are and remain increasingly dependent on fuel and gas. We require a substantial amount to fuel our cars, to heat our homes, to run businesses, harvest crops and transport imports and exports in and out of the country. Today the U.S. imports crude and petroleum oil from over 90 countries to keep up with demand, yet we have seen demand outweigh supply many times, causing multiple energy crisis in the US.

When will the next crisis come? Currently the focus is on the Strait of Hormuz. If the Strait of Hormuz shuts down, an estimated 20% of world crude oil supply will be cut off. This includes 15% of total U.S. imports, which can result in the country plunging into another energy crisis and recession.

So what can we do to prevent and survive another crisis?

What the White House wants: Domestic Oil Exploration

According to defenddemocracy.org; “Politicians and pundits alike have called for increases in domestic oil exploration, and conservative talk radio is filled with pronouncements that this is the road to American energy independence.

“The debate about drilling for oil in the Arctic National Wildlife Refuge (ANWR) is emblematic of the broader debate about domestic exploration. About 10.4 billion barrels are technically recoverable there, while the U.S. consumes about 7.5 billion barrels of oil each year. Not all the oil will be immediately available, even after drilling begins and for this reason, the Energy Information Administration estimates that ANWR exploration will likely only cut crude oil prices by 75 cents per barrel by 2025.”

The benefits of domestic oil exploration:

  • Stabilization of prices
  • Less reliance on foreign oil, which can reduce the trade deficit
  • Provides an opportunity to develop energy
  • Can prevent any overseas supply disruption

Although there are some fantastic benefits to take advantage of, there are a few snares that need to be considered carefully. There is a limited supply of crude oil available in the ANWR, which can see the US return to Saudi Arabia, Iran, Iraq, Kuwait, and UAE for their reserves. Also if domestic oil exploration is successful the Organization of the Petroleum Exporting Countries (OPEC) will be able to control crude oil prices, which can see the potential savings per barrel cease to exist.

What we can do at home: Fuel and Gas Storage

By storing a supply of fuel and gas in a tank and in gas cans you can prevent panic in the home and on the road. Fuel and gas tanks can be easily found and provide households with the comfort in knowing that a fuel supply is in close proximity. If the Strait of Hormuz does shut down and it causes the country to fall into another recession and energy crisis, having a back-up supply will become invaluable.

The same can be said of having a few gas cans filled with gasoline or diesel. Prevention is the best way to protect yourself and the family from a potential fuel crisis. Please do be careful when storing fuel at home.

Surviving an oil crisis has been written by RPM Fuels and Tanks who supplies and variety of steel, plastic and bunded tanks, among many other fuel and gas supplies.

 

3 comments to Surviving an oil crisis……

  • DAWALRUS

    This sounds like a great option if you have a large source of fu
    nds. At 3.89 a gallon for diesel to have a significant reserve would be very costly. Plus the cost of fuel preservative. I am starting to look at alternative fuels to boost a reserve. I am leaning toward vegetable oiland if you live in an area like me with a bunch of Homecommings and Picnics you can obtain their used vegetable oul feom fryers for little to no cost. Just thought I would give out another idea to help us poor folks out.

  • CM

    I think having some backup reserves is a great idea. But, having enough to get you by for more than a little bit of time is tougher.

    While I would love to have a 500 gallon tank buried and filled with diesel for my truck, I couldn’t afford to fill it, much less buy and bury the tank and manual pump.

    I think a better option, to extend the time until you are just flat out of fuel, is to just sit tight and avoid travelling unless absolutely necessary. I do have 50 gallons of fuel, over and above what is in the tank. This gives me roughly 1000 miles of travel – at 50 miles per month that is 20 months – then what?

    I have considered the 100 gallon toolbox/fuel tanks for the bed of the truck. Which could extend the range or time ’til empty, at the expense of always carrying around 800lbs of fuel. Or perhaps having this in the storage area near the shop with a method to load it into the bed and bolt it down without outside power. There are trade-offs.

    Then there is the issue of using and replenishing stored fuel, where a crystal ball to tell when the best times to use fuel, avoiding high pump prices then buying when prices drop, would be great. But I usually find that just filling up the truck one day will find the price drop 10-15 cents a gallon in three or four days. It is just how things work out.

    I suppose we just have to make some kind of plan, then stick with it. We will be better off in the long run. It will always be better than if we don’t do something.

  • Gary Hines

    This is another huge subject. Its political, theological (in my opinion) and it has to do with the big oil companies. First of all, we have enough oil on the shore and our own soil to fuel the US for the next 40-50 years if we were only aloud to drill it. IN that time, its completely possible to start creating or switching our vehicles over to new fuel systems. Currently, where I live near Atlantic City NJ, we have mini busses called Jitneys. The new Jitneys run off of Liquid Propane. They come with Ford V10 engines, and having worked on them and driven them, you wouldnt know they were powered by propane if someone didnt tell you. They are just as powerful as the gas powered Jitneys they replaced. They have 3 special refueling stations with LP for refueling. The LP is cheaper, greener, more efficient, and actually has a higher octane rating (110) then gasoline. It is completely possible to switch cars over to run on propane and natural gas. It is the Oil companies and the politicians that dont truly want you to do that. The Oil companies obviously want you to use gasoline until there is none left, and then they’ll come up with new fuel solutions. Politicians are in bed with the oil companies and get big kick backs in the form of campaign contributions. I know IM going to get flamed for this, but it is my personaly belief that our current president is in fact a Muslim and actually WANTS us dependent on foreign MUSLIM oil from his brethren. He has opposed the Keystone pipeline and blocked drilling of our own fuel here in the US every chance he gets and can cite no good reason for doing so. The movie 2016 Obama’s America details what Ive said all along about his agenda. While we are sweating here paying 3.50 a gallon and better for gas, foreign oil companies are making a killing off of the sweat off our backs! This is what is financially fueling all the “change” in the middle east. You cant buy Kalashnikovs selling and exporting burqas these days! When my friend was in Iraq, he told me gas there costs .20-.25 cents a gallon! The money that supports all the turmoil and terrorism comes from us, europe and China. You cut off buying oil from the middle east, and overnight, terrorism comes to a screaming halt, and the Muslim Brotherhood goes bankrupt. Mitt Romney KNEW this and this is why he was so adamant about drilling our own oil if he became president. In fact, at first, the only thing I liked about Romney was that “he wasnt Obama”; but when he talked of drilling our own oil and becoming energy independent, I thought “OMG, this guy understands how to fix this country!”

    Now, as for surviving another oil crisis, I seriously reccomend you all start switching to diesel and finding someone who makes “bio diesel”. We have a local guy who makes bio diesel from unwanted vegetable oil and such. He sells it for about a buck a gallon, and lots of people buy from him. In fact, hes more often sold out of it because he cant produce it fast enough. Ive also seen people experimenting with hydrogen in cars. Hydrogen generators are not that difficult to build, and when propperly injected into a cars intake, increase the gas mileage quite a bit depending on the vehicle. The only problem I see with hydrogen is it often makes gas powered engines run on the hot side. This isnt too bad in the winter months or cold climates, but it can be a recipe for disaster on a hot summer day. It will save you money in gas though. I dont see electric vehicles being cost effective yet. I heard one nightmare story of a guy who bought a used electric car, and got stuck replacing the battery at almost 5 grand. No savings there at all. Personally, I switched to riding a motorcycle in the warmer months. My motorcycle gets around 40 miles per gallon, and what I save driving it 7-8 months out of the year actually pays for it. I also own a repair shop, and we buy and junk a lot of cars. whenever we send a car to the junk yard, we routinely drain all of its fluids including the gas. We store the gas in several 55 gallon drums, and it generally gets used up by myself and my employees faster then we can replenish it, so it doesnt sit long enough to go bad. We also get paid by the oil recycling companies for all the old waste oil like motor oil, ATF, PS fluid, gear oil, etc. So we might make an extra 5-10 bucks a car just on old fluids. This makes the junk yard happy as the car does not become an environmental problem to them.