: the price of oil



bigdaddy25403
05-22-08, 10:10 AM
here we go oil is now $134.56 a barell up $1.39 in 55 min as of this am.

Did any of you see the dog and pony show by congress yesterday (questioning the oil executives) where they sworn in before testifying before congress? What a joke.

ghettomike
05-22-08, 10:27 AM
great so now what is gas at?
im gonna start stalking up on oil for my next oil change when i see it go on sale. buy enough for 3 changes at least...

RightTurn
05-22-08, 10:38 AM
here we go oil is now $134.56 a barell up $1.39 in 55 min as of this am.

Did any of you see the dog and pony show by congress yesterday (questioning the oil executives) where they sworn in before testifying before congress? What a joke.

Pathetic. Hopefully more people will contact their representatives before this "windfall profits tax" gets off the ground. "Bring back the gas lines!" :bigroll: We MUST begin to rely on our own resources, people. OPEC has us by the short hairs.

gary88
05-22-08, 12:24 PM
$4.45 in Chicago :banghead:

TexasCadillac
05-22-08, 05:10 PM
It's only money and you can't take it with you when you die.

dwight.j.carter
05-22-08, 05:19 PM
here we go oil is now $134.56 a barell up $1.39 in 55 min as of this am.

Did any of you see the dog and pony show by congress yesterday (questioning the oil executives) where they sworn in before testifying before congress? What a joke.

yeah I saw it and you know those members of congress probably gave them a bunch of money to do that. It makes me sick what there greed is doing to the economy. I may buy an electric car lol.

ABCF
05-22-08, 09:47 PM
We MUST begin to rely on our own resources, people. OPEC has us by the short hairs.

The USA gets the majority of its energy from Canada,I live in the Province of Alberta where the majority of the conventional oil,gas and tarsands are.

High Oil prices benefit me, that said I don't like paying $1.30 a liter for gasoline either.

Rolex
05-22-08, 11:03 PM
Big oil has appeared in front of congress 50 times or better over the years. The theme is the same, "record high prices at the pump with no end in sight." Nothing has ever changed after these inquisitions, and that's the one thing that will remain the same. Oil companies write their own ticket and any attempts to quell their business gets vetoed by you know who.

At least that's how I see it.

caddycruiser
05-22-08, 11:31 PM
Doom and gloom, "high" profits, supply/demand, etc., the reality in a big regard is simple. For far too many years, the US (and others, but really us) have been in a lull of cheap oil, cars getting bigger and bigger to the point that a Suburban is a daily driver (us, before) but it's fine, more and more people are driving, and that demand is just out of control.

All while, in other places, and aside from other reasons, the idea of conservation and smaller has been a daily thing. Is BIG an American way? Sure. But you can't truthfully believe it could last forever. It was a lull and the lull has finally come up for expiration. Yes, it's shocking and yes it may seem ridiculous to people walking around weighing 300 pounds (or even not) who "have to have" that huge truck just to get to the corner, but it's reality.

As a Fleetwood daily driver (and with another, a Roadmaster, etc. still in the driveway, I know this), this is life. Gas is gas and it's been cheap for a very long time (despite a few blips, including one that re-shaped the "typical" car), but it's not something that will be around for eternity and slurping down huge amounts daily just to have your butt hauled around in a 3 ton beast with every toy and too many cylinders to count is done, at least for the majority of where the market will head.

To some it's their own pocketbook, and for those with no limit, excess can continue. But the market is finally going to get leaner and lighter rather than bigger and more brash every year just because. Time to re-evaluate standards.

Hate me for saying it, but it's true, so true, that only a handful of people will ever believe it. Do I hate seeing my gas card statement every month? Sure. Is it a little perturbing to hear news stories constructed over "this oil company executive's pay this year..."? Kinda, until you really look at it.

Reality hurts, but it's reality. Entertain your anger with constant rumbles about oil company profits, how it's being stuck to you, etc., but just hold in the very backs of your mind how it's been a long time coming, and finally did. Wasn't ideally gradual, but the party is now in action after years of a few people at a time stumbling in and back out.

dkozloski
05-22-08, 11:58 PM
Doom and gloom, "high" profits, supply/demand, etc., the reality in a big regard is simple. For far too many years, the US (and others, but really us) have been in a lull of cheap oil, cars getting bigger and bigger to the point that a Suburban is a daily driver (us, before) but it's fine, more and more people are driving, and that demand is just out of control.

All while, in other places, and aside from other reasons, the idea of conservation and smaller has been a daily thing. Is BIG an American way? Sure. But you can't truthfully believe it could last forever. It was a lull and the lull has finally come up for expiration. Yes, it's shocking and yes it may seem ridiculous to people walking around weighing 300 pounds (or even not) who "have to have" that huge truck just to get to the corner, but it's reality.

As a Fleetwood daily driver (and with another, a Roadmaster, etc. still in the driveway, I know this), this is life. Gas is gas and it's been cheap for a very long time (despite a few blips, including one that re-shaped the "typical" car), but it's not something that will be around for eternity and slurping down huge amounts daily just to have your butt hauled around in a 3 ton beast with every toy and too many cylinders to count is done, at least for the majority of where the market will head.

To some it's their own pocketbook, and for those with no limit, excess can continue. But the market is finally going to get leaner and lighter rather than bigger and more brash every year just because. Time to re-evaluate standards.

Hate me for saying it, but it's true, so true, that only a handful of people will ever believe it. Do I hate seeing my gas card statement every month? Sure. Is it a little perturbing to hear news stories constructed over "this oil company executive's pay this year..."? Kinda, until you really look at it.

Reality hurts, but it's reality. Entertain your anger with constant rumbles about oil company profits, how it's being stuck to you, etc., but just hold in the very backs of your mind how it's been a long time coming, and finally did. Wasn't ideally gradual, but the party is now in action after years of a few people at a time stumbling in and back out.
The present bubble is going to burst in a few months but the market won't recede to its previous position. The speculators can only keep it going for a little while longer.

CTSV_510
05-23-08, 12:17 AM
It's only money and you can't take it with you when you die.

:yeah:

At least we don't live in the UK. They pay $8+/gal. :bonkers:

dwight.j.carter
05-23-08, 12:35 AM
We need to have a nationwide strike to let them know this is not acceptable. And to get the point across that we know our elected officials are in bed with the oil companies. In my eyes the world is run by the oil companies not by governments.

RightTurn
05-23-08, 10:58 AM
A nationwide strike? For how long? Can you stay out of your car for a day, a week, a month? Doubtful. Besides, the oil giants don't set the price of a barrel of oil...it's just as it always has been, supply and demand.

dwight.j.carter
05-23-08, 12:03 PM
I wonder how much one of these is ?

http://www.teslamotors.com/

Chicano-Mexicano
05-23-08, 12:22 PM
:yeah:

At least we don't live in the UK. They pay $8+/gal. :bonkers:

Yeah but they use the metric system meaning they measure in liters which is completely different from gallons (though gas is still expensive) and also use a different monetary currency the pound though I'm not to sure of it's current value but I believe it's stronger than the dollar but probably not by to much.

Oldman Cadillac
05-23-08, 01:45 PM
I wonder how much one of these is ?

http://www.teslamotors.com/

The Tesla costs around a hundred grand. Expensive but sweet looking

Ranger
05-23-08, 09:48 PM
A nationwide strike? For how long? Can you stay out of your car for a day, a week, a month? Doubtful. Besides, the oil giants don't set the price of a barrel of oil...it's just as it always has been, supply and demand.

No way that demand is rising as fast as gas prices. There is much more at play here.

"G$"
05-23-08, 10:15 PM
:yeah:

At least we don't live in the UK. They pay $8+/gal. :bonkers:

Venezuelans pay 12 cents per gallon

RightTurn
05-23-08, 10:18 PM
No way that demand is rising as fast as gas prices. There is much more at play here.

The price of crude oil is what's at play. Gasoline prices as well as every other petroleum-based product will continue to rise as long as the price of a barrel of oil increases.

hueterm
05-24-08, 12:08 AM
Venezuelans pay 12 cents per gallon

Venezuela's oil company is also state owned and can subsidize their gasoline as much as their gov't wants.

hueterm
05-24-08, 12:13 AM
No way that demand is rising as fast as gas prices. There is much more at play here.

Yes -- the market speculators that constantly bid oil up on the market. I read somewhere a few days ago that some futures on oil 6+months out or so were already hitting $200+.

Hopefully, the guy will lose his shirt (or something else) -- but as long as China and India keep pushing up demand, we have instability in the Middle East, Africa, and South America, and we can't drill at home to stabilize the market -- it's going to keep going up until we hit a crash.

Oh, and don't forget the decline in value of the dollar that makes every drop we import more expensive.

dkozloski
05-24-08, 12:26 AM
The price of crude dropped three dollars/barrel today.

Warren_R
05-24-08, 01:19 AM
I dunno about the demand from India or China affecting the US market, unless it's psychological. George Will pointed out that 88% or thereabout of our imported oil comes from Canada & Mexico, who don't sell very much to China/India. How's the old saw about commodities? What goes through the ceiling winds up in the basement :-/

dkozloski
05-24-08, 11:57 AM
There is no such thing as a U.S. market. It's a world market for oil and we are just one of the players. The price of the oil is not determined by the cost of production but rather by what the consumers in the world are willing to pay for it. If someone was willing to pay Canada and Mexico a higher price, that is where the oil would go and we'd have none. Canada and Mexico have no allegiance to us, it's to our wealth.

AMGoff
05-24-08, 04:49 PM
The only possible short term (10-15 years) solution that would have any direct benefit to us at the pumps would be A: Building more refineries, and B: Drilling for more of our own oil... both in Alaska and offshore.

Unfortunately, big oil sees no need to take any of their record profits to build more refineries and the government/eco-weenies don't want us to drill for our own oil. Which the latter is funny, seeing as how you know who sits in that funny shaped office... Hell, he won't even halt increasing the SPR.

Other than that, I honestly don't have anything against ethanol, BUT... we need to stop using corn ASAP. There are plenty of other organic alternatives that wouldn't pose any impact on the food that we eat.

However, the ONLY long term solution is what I've said time and time again.... Hydrogen Fuel Cells. The Government has no problem on wasting billions of dollars on other things... So they really need to start subsidizing research on fuel cells as well as the development on the infrastructure needed to get hydrogen to consumers.

But that'll never happen while we have big oil sitting atop the government...

Sinister Angel
05-24-08, 05:30 PM
So they really need to start subsidizing

The government doesn't need to subsidize shit.

AMGoff
05-24-08, 06:55 PM
The government doesn't need to subsidize shit.

Regardless of that, the government does subsidize things whether you necessarily agree with it or not.... and if you realized some of the things they do subsidize, then you'd realize why I think they need to subsidize fuel cells and hydrogen infrastructures.

Yes, private corporations should be the ones to do... but a free market is a double edged sword - companies aren't going to do it by themselves because they're already making plenty of money with the way things currently are.

The government isn't going to magically stop wasting money overnight... so if they're going to spend it... they need to spend it on something that will benefit this country more than just about anything else.

Frankly, we might disagree here, but I'd personally have no problem with my tax dollars going towards fuel cell research and hydrogen infrastructure development.

hueterm
05-24-08, 07:07 PM
If we can subsidize farmers who are making a boat load on the price of corn, to grow corn for ethanol, which limits our supply and drives up the cost of most of our meats and processed foods -- then we can subsidize every new technology under the sun. We're subsidizing ethanol and biodiesel out the ying yang. If it helps get us (and in turn the rest of the world) out from under the thumb of the oil sheiks, Chavez, and that homeless looking Iranian maniac, then so much the better. We should start throwing vast sums immediately into:

1.) Oil Shale development
2.) Hydrogen fuel cells
3.) A chartered fleet of 747s to take all of the Greenpeacers/Environmental Lawyers down to Guantanamo for a nice long vacation...so we can start drilling here and building refineries and get down to one or two gasoline standards instead of 200. I'm sure they'll be welcomed w/open arms by all of the terrorists they want to let go.

The above in no particular order, however I'm very partial to #3...

Cadillacboy
05-24-08, 07:07 PM
This pic might give you an idea on how high the gas prices are :lol: :histeric:
http://viral.3dge.net/media/00/00/00/strange1.jpg

hueterm
05-24-08, 07:08 PM
I think I just threw up a little bit in my mouth....

"G$"
05-24-08, 09:12 PM
This pic might give you an idea on how high the gas prices are :lol: :histeric:
http://viral.3dge.net/media/00/00/00/strange1.jpg


i just laughed so hard I started coffing...


imagine getting ur gastank peed in.

dkozloski
05-24-08, 10:17 PM
It's more fun to pee on the door handles.

ABCF
05-24-08, 10:25 PM
Canada and Mexico have no allegiance to us, it's to our wealth.

this Canadian does...and most do.

Submariner409
05-24-08, 10:26 PM
Had the distinct displeasure of making a round trip to downtown DC this afternoon. Along one of the busiest commuter/beach traffic corridors in the mid-east Coast: RT.50. For a 73 degree sunny Saturday afternoon I was stunned that the traffic, eastbound and west, was reduced to the levels of 20 - 25 years ago.

Are many folks staying in their back yards with the Weber and a 6-pack ??

dkozloski
05-24-08, 10:50 PM
I hauled a load of brush to the landfill, came home, and whipped up brunch of steak and eggs. Now I'm watching the Nationwide race. Tomorrow it'll be the Indy 500 and the 600 at Charlotte. I'm looking at a 750 mile round trip on Wednesday to see my rheumatologist in Anchorage. My wife has the STS so Fergus and I'll tough it out in the Ford Ranger.

AMGoff
05-25-08, 12:06 AM
Had the distinct displeasure of making a round trip to downtown DC this afternoon. Along one of the busiest commuter/beach traffic corridors in the mid-east Coast: RT.50. For a 73 degree sunny Saturday afternoon I was stunned that the traffic, eastbound and west, was reduced to the levels of 20 - 25 years ago.

Are many folks staying in their back yards with the Weber and a 6-pack ??

It must be a localized abnormality there Jim... because one of the other busiest mid-Atlantic beach corridors - Rt. 40, was downright ridiculous today... I'm sure Rt. 322 was just as bad a 'lil farther north.

Granted, Saturday is Cowtown day... and it was gorgeous out - so I'm sure that didn't help the traffic situation any. Summer is the one time a year that I hate living here... the shore traffic is loathsome. I can't stand it when I go up to the Wawa and it's nothing but a sea of Delaware/Pennsylvania/Maryland/Virginia/DC plates... Needless to say, I try to gas up at night during the summer, else I'll be there for a half hour!

Submariner409
05-25-08, 12:20 AM
:yup: Adam, Maybe all the Merrylanders took off to Atlantic City on Thursday in order to transfer some tax rebate $$ into your casinos.......

Curiously, all the Northeast Maryland marinas are full of PA, DE, NJ, and NY tags. So all the MD, DC, and VA tags go to NJ.

........the grass is always greener........

orconn
05-25-08, 12:48 AM
For those who have not had pleasure of experiencing New Jersey roads ....... at any time of the year! The state of New Jersey prides itself on inadequate roads. My wife's family home is located towards the Jersey shore, opposite side of town from the long lived "Cowtown" (again for those not familiar with it) a major attraction to those seeking the excitement of a "Flee Market" and a Western Rodeo rolled into one. The mentioned Route 40 servicing this attraction plus a major section of the highly overated New Jersey Shore is a two lane crowned road for much of its' way to the coast (Shore in Jerseyitese). I can tell you the roads are so antiquated being mostly two lane (one each way) black top roads that would qualify as tertiary roads in any state off the East Coast. My wife and I have been married for 38 years and the only improvement that has been to Rt. 40 west of Woodstown has been the ocassional filling of pot holes and maybe resurfacing when the chance of a lawsuit got to great. Now the New Jersey Shore is not a newly discovered recreation area ....... in fact, people have been coming to enjoy its' overcrowded monotony since the mid 1800's. Other of New Jersey's "highways" enjoy no higher commitment to the efficient movement of people to the Garden State's many destinations. I did time in New Jersey as a teenager living in a own called Moorestown, in the fifties and sixties and pleasant bedroom town for the engineers and executives of the then pre-eminent RCA company. Today it ,along with many other New Jersey's once picturesque burroughs, has been swallowed in a Sunami of suburban development making a trip to pick up a loaf of bread an ordeal in gridlock. Be glad ye denizens of the land between thw Alleganies and the San Gabriels (on the West Coast) that you still have the opportunity for a WOT!

AMGoff
05-25-08, 01:15 AM
For those who have not had pleasure of experiencing New Jersey roads ....... at any time of the year! The state of New Jersey prides itself on inadequate roads. My wife's family home is located towards the Jersey shore, opposite side of town from the long lived "Cowtown" (again for those not familiar with it) a major attraction to those seeking the excitement of a "Flee Market" and a Western Rodeo rolled into one. The mentioned Route 40 servicing this attraction plus a major section of the highly overated New Jersey Shore is a two lane crowned road for much of its' way to the coast (Shore in Jerseyitese). I can tell you the roads are so antiquated being mostly two lane (one each way) black top roads that would qualify as tertiary roads in any state off the East Coast. My wife and I have been married for 38 years and the only improvement that has been to Rt. 40 west of Woodstown has been the ocassional filling of pot holes and maybe resurfacing when the chance of a lawsuit got to great. Now the New Jersey Shore is not a newly discovered recreation area ....... in fact, people have been coming to enjoy its' overcrowded monotony since the mid 1800's. Other of New Jersey's "highways" enjoy no higher commitment to the efficient movement of people to the Garden State's many destinations. I did time in New Jersey as a teenager living in a own called Moorestown, in the fifties and sixties and pleasant bedroom town for the engineers and executives of the then pre-eminent RCA company. Today it ,along with many other New Jersey's once picturesque burroughs, has been swallowed in a Sunami of suburban development making a trip to pick up a loaf of bread an ordeal in gridlock. Be glad ye denizens of the land between thw Alleganies and the San Gabriels (on the West Coast) that you still have the opportunity for a WOT!

Pfff.... You're somehow under the delusion that the locals here would want any sort of multi-lane highway cutting across the southern portions of our state... the only people it would benefit would be tourists and weekend shore-goers - who frankly, I couldn't care less about. I can get from our home in the Woodstown/Pilesgrove area to the family's house in Stone Harbor in about 50 minutes... taking nothing but long, straight roads perfectly suitable for WOTs. I'd also beg to differ at the notion that all of the Jersey shore is overrated and overcrowded... if it was that overrated, there wouldn't be as many VA/MD/DE/PA plates as there are and the only overcrowded areas are the ones that said out-of-staters constantly flock to... because in reality, only those people go to places like Atlantic City, LBI, Sea Isle, the Wildwoods, and too a lesser extent - Cape May and Ocean City... There are plenty of smaller towns along the coast with clean, less crowded beaches... you just have to know where to go. Besides, none of those places mentioned are any worse and overcrowded than Rehoboth Beach, DE, Ocean City, MD, or Virginia Beach... Hell, even when the wife and I take our yearly vaca down to Chincoteague, the beaches on Assateague are always overcrowded and there's absolutely nothing there whatsoever.

So piss on South Jersey all you like because many like to do as well... but there's nothing you said that doesn't apply to many other places...

AMGoff
05-25-08, 01:23 AM
:yup: Adam, Maybe all the Merrylanders took off to Atlantic City on Thursday in order to transfer some tax rebate $$ into your casinos.......

Curiously, all the Northeast Maryland marinas are full of PA, DE, NJ, and NY tags. So all the MD, DC, and VA tags go to NJ.

........the grass is always greener........

'Tis true Jim... though I'll gladly take all the "Merrylanders" as long as you keep all the PA/NYers (and from the looks of things, some VAers as well..) down your way... lol! :hide:

Either way... I've really got to get cracking on making some plans to get down to Easton... Don't think I forgot!

orconn
05-25-08, 01:39 PM
Sorry AMGoff, I wasn't pissing on "South Jersey" ........ I was pissing on all of New Jersey! Granted there are lovelly spots and the seaford and diners are great, and very true the rest of the Mid-Altlantic's seaside resort destinations do resemble New Jersey's as far as crowding goes. Most outsiders piss on N.J. because there are serious shortcomings. Try third rate roads and a parochial citizenry. Most outsiders never get to experience the confiscatory real estate taxes or other ramifications of a state that is so poorly managed it is nearly bankrupt!

dkozloski
05-25-08, 05:18 PM
Sorry AMGoff, I wasn't pissing on "South Jersey" ........ I was pissing on all of New Jersey! Granted there are lovelly spots and the seaford and diners are great, and very true the rest of the Mid-Altlantic's seaside resort destinations do resemble New Jersey's as far as crowding goes. Most outsiders piss on N.J. because there are serious shortcomings. Try third rate roads and a parochial citizenry. Most outsiders never get to experience the confiscatory real estate taxes or other ramifications of a state that is so poorly managed it is nearly bankrupt!
Are you criticizing the management skills of Tony Soprano?

dwight.j.carter
06-26-08, 05:23 PM
I think we need a nationwide strike !

EcSTSatic
06-26-08, 05:27 PM
Don't even go there !:horse:

dwight.j.carter
06-26-08, 05:35 PM
Think that would do if the entire us went on strike. I think the oil companies would think twice about what they are doing.

danbuc
06-26-08, 05:54 PM
Sorry AMGoff, I wasn't pissing on "South Jersey" ........ I was pissing on all of New Jersey! Granted there are lovelly spots and the seaford and diners are great, and very true the rest of the Mid-Altlantic's seaside resort destinations do resemble New Jersey's as far as crowding goes. Most outsiders piss on N.J. because there are serious shortcomings. Try third rate roads and a parochial citizenry. Most outsiders never get to experience the confiscatory real estate taxes or other ramifications of a state that is so poorly managed it is nearly bankrupt!


Haha..that's Dirty Jerse for ya....

I hate this state, but it's not SO bad...decent gas prices compared to most other states. Of course that benefit is is overshadowed by all the crappy drivers here......*shakes fist*

MauiV
06-26-08, 06:11 PM
http://i173.photobucket.com/albums/w52/jdinmaui/JerseyGirls.jpg

dwight.j.carter
06-26-08, 06:13 PM
what sucks is all the stoplights that go up so we do alot of idling as well.