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HelicopterOff Topics › Oil Prices: Are We Ever Going To Wake UP?????
12-03-2007 01:21 AM  9 years agoPost 1
jimco

rrApprentice

east texas

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A pipe line blows up in Wisconsin. Down for 2 days and oil goes up $5.00 a barrel, Come on guys. We need a plan.
Opec admits that $60.00 a barrel is optimum price right now , and our buddies at the stock exchange run it up to $98.00
When you hit the pumps, do you feel like its"Your Turn In the BARREL."
http://www.bloomberg.com/apps/news?...Mf1c&refer=home

Honey, where's the check book, it's Fedex again

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12-03-2007 01:27 AM  9 years agoPost 2
kookboy

rrKey Veteran

Vancouver, BC

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Buy a diesel and run bio or SVO.

Then you won't be inside the barrel.

... But honey it was only $$$

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12-03-2007 01:55 AM  9 years agoPost 3
jimco

rrApprentice

east texas

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Why not just enforce the law on "War time Profiteers" and get back to normal. I for one, don't like being raped by big oil, just for Bushs' payback.
Exxon is the biggest profiteer of Bushs' administration and right below em is Halliburton, Cheneys' pet project.
Bye the way, diesel, down here, where most of it is made, $3.33 a gallon, so thats no plumb, either.

Honey, where's the check book, it's Fedex again

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12-03-2007 02:01 AM  9 years agoPost 4
BJames111

rrElite Veteran

San Diego, California

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Unfortunately, it's just not going to change. Too much money at stake. As long as big oil contributes to our conservative leaders, prices will stay how they are or get higher. They will claim supply and demand, they will claim fair market, they will claim whatever they can to justify it. Europe won't be sympathetic, but it doesn't make it right. Gasoline is one of the few products that should have federal price regulation. The average working joe is feeling the crunch because his wage hasn't increased at the rate of fuel costs.

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12-03-2007 02:09 AM  9 years agoPost 5
jimco

rrApprentice

east texas

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Yep, my thoughts exactly: You know, Im not a fan of France, but you ever notice what happens when the entire nation , goes on strike. Policies change real quick. Remember the truckers strike, years ago. got their way, and quick.
Can you imagine what would happen here, if we shut down for as little as one week. Suddenly , no [place to put all the production, that we , "Supposedly don't have" Let em try and store their production, and see what happens. Where there is a will, there is a way. When its running out on the ground, they might have second thoughts about $3.00 regular, and $3.33 diesel.
After all this is supposed to be a government "By the People, and For the People?
Just where in the hell, are the people?????

Honey, where's the check book, it's Fedex again

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12-03-2007 02:19 AM  9 years agoPost 6
Dragon2115

rrKey Veteran

New England

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As much as you guys are dying to blame everything on Bush and Cheney it just isn't so. It's the damn speculators that run the price up.

Of course when gas was $1.00/gallon it was estimated that the American public would not stand for gas prices of $2.00/gal. Well that came and went and people still bought humongous trucks and SUV's. Gotta have an uber-safe tank for the wife and kiddies to ride around ya know. Of course it turns out they're no safer than a well designed sedan but that's beside the point since perception is everything. Anyway, $2.00/gal came and went and it was thought that the public would revolt if prices reached $3.00/gal. Well here we are and people are still driving humongous trucks and SUV's and now the estimate on the tipping point is $5.00/gallon.

Why do they get $98/barrel? Because they can. And we're paying it because we're not willing to change our ways. Oh sure, we'll bitch and moan about it but are we willing to cancel trips, car pool, or otherwise send a message to the oil companies? Not a chance. Luckily it is however spurring the development of hybrids and other technologies that will eventually eliminate gasoline in cars within my lifetime.

As for government regulation i.e. government price fixing, when has that ever worked out like it was supposed to?

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12-03-2007 02:42 AM  9 years agoPost 7
drdot

rrElite Veteran

So. California, Orange County.

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fwiw...

How many here actually could make use of mass transit or carpools? The west was built predicated on cheap oil and individual transportation.
I wish there were a way out of this mess, but oil built it, oil will have to resolve it...The answers exist, but without a commitment from a rational government, we are headed for the oil wars of liberal mythology, or the collapse of our society...Expecting the price of oil to drop if we withhold buying is fatuous, as all the oil OPEC can pump will be purchased with our dollars by the Chinese...
Warren Zevon said it best..."it ain't pretty at all!"

B.C.

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12-03-2007 03:35 AM  9 years agoPost 8
jimco

rrApprentice

east texas

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I disagree whole heartedly: Why, if supply is disrupted does the price rise:??? You let the demand drop for a week, and see what happens.
Im tired of em spilling a tea cup of oil, and announceing a price increase the next day. Supply and demand is a 2 way street.
You diminish the demand for a short while, and we will see if the market forces are a myth , or just a tool of big business.
Every price increse for the past few years is caused by hurricanes, unrest in the middle east, or some other flimsey excuse. How many times have you heard the we don't have the refineries to keep up. Well, if they would invest, we could have plenty of capacity. Oh, but they would have to lower the price,. Hummmmmmmmmm.
Its called "Market Manipulation" and it used to be illegal, till the last 4 presidencies.

Honey, where's the check book, it's Fedex again

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12-03-2007 03:42 AM  9 years agoPost 9
Wildcat Fuels

rrApprentice

Lexington, Ky

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Drill

As an engineer I am all for developing new technologies that work. However in the mean time our contry has oil reserves off the coast of Florida, in the Gulf, and Alaska greater than the entire middle east...but...we cannot drill for it because the enviromentalist won't let us....hmmmm its ok if we drill there just not here, I guess its not hypocritical as long as they use the gas and it doesn't come from wells on our soil.
And as far as polution goes the plants that make the Hybrid batteries are so toxic NOTHING grows for miles around them. PS> Gore owns stock in them, but I am sure it is just to keep an eye on them not for the money.
Also, a major cost of a gallon of gasoline in this country is tax.

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12-03-2007 03:46 AM  9 years agoPost 10
Ted Toth

rrElite Veteran

Myrtle Beach S.C.

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Anyone know how much tax is on a gallon of gas?

And where does this tax go/

.

You don't stop laughing because you grow old, you grow old because you stopped laughing.

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12-03-2007 03:56 AM  9 years agoPost 11
jimco

rrApprentice

east texas

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Here is the tax rate per state and federal, :http://www.energy.ca.gov/gasoline/s...state_2002.html

Honey, where's the check book, it's Fedex again

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12-03-2007 04:10 AM  9 years agoPost 12
spog

rrVeteran

Ontario, Canada

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Mass transit, high speed trains, smaller cars, electric cars, more nukes, and a major change in attitude from all of us. As an added bonus, a lot less carbon emissions.
The gov't can't force it on us if we don't want it.

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12-03-2007 04:14 AM  9 years agoPost 13
MasterCrasher

rrApprentice

Not sure.

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I was under the impression we can't expand our refineries or drilling in the US because of environmental laws. Am I right, I really don't know?

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12-03-2007 04:19 AM  9 years agoPost 14
jimco

rrApprentice

east texas

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I really think its just the oppressive rules that they have to operate the new ones under the EPA. Main reason for not having more refineries for over 30 years.

Honey, where's the check book, it's Fedex again

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12-03-2007 04:21 AM  9 years agoPost 15
Wildcat Fuels

rrApprentice

Lexington, Ky

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Environmental lobby, not laws. No one has the will to do what is necessary and that is build new refineries and drill, do it safely and soundly but drill. This is the one thing I think should be done by executive order to protect us from Yugo, which has just threatend to cut off the oil yet again today.

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12-03-2007 04:25 AM  9 years agoPost 16
jimco

rrApprentice

east texas

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And just think, our Republican front runner, represents him , in the US. Julie and partners, in Houston.

Honey, where's the check book, it's Fedex again

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12-03-2007 04:30 AM  9 years agoPost 17
Wildcat Fuels

rrApprentice

Lexington, Ky

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Actually I like Mike the best so far.

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12-03-2007 07:00 AM  9 years agoPost 18
spork

rrVeteran

Mountain View, CA

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Well guys, one thing I guarantee is that you're just seeing the very beginning of it. We are approaching the Hubbert Peak for oil, and will hit it within 5 years. At that point demand will continue to rise, and supply will begin to fall. The gap will begin to widen, and the price will skyrocket.

Whether the wage of the average working man keeps pace with fuel prices will have nothing to do with it. There is no way the government will be able to keep the price within reason. If the government could control the price of things why not have them keep gold down around $20/oz?

In the meantime, we'd better get a hell of a lot more serious about developing alternative fuels. When the oil runs out no amount of bitching will do anyone any good. And it's going to be a lot harder developing alternative fuels and installing that infrastructure if we have to do it on foot.

In the meantime, you don't have a leg to stand on when whining about gas prices unless you ALWAYS buy it at the cheapest station you can find. If you're willing to pay an extra .03/gallon on the other side of the road, you're telling the oil companies they haven't reached your pain threshold yet. Not buying gas on Tuesday (or for 2 weeks) won't to a darn thing. Always buying the absolute least expensive gas available will force competition. Of course that'll only forestall the problem briefly. Competition won't mean much when there's far more demand than supply.

Personally, I want to see the price rise until we get serious about developing alternatives. The longer we keep it low the worse it's going to hurt when we go over the top of that curve. Nevertheless, I'm telling you how to make them compete. They're not idiots.

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12-03-2007 08:00 AM  9 years agoPost 19
OICU812

rrMaster

Edson, Alberta, Canada

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It is all about supply and demand. The USA was running out long time ago folks. The largest part of natural gas and oil is coming from straight north of you and has been for a number of years. Guess what though, it will only be a short matter of time where the demand and supply ratio really kicks our asses to with such high exports to the US. As it stands there are very large oilsand deposits in Fort Mack but the big issue is the refinement here is allready at over 100% capacity. I work directly for an oil coporation and still feel myself more needs to be done to discover new energy means and to improve efficiencies of what we have currently.

...Once upon a time there were Nitros, flybars and frequency pins...

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12-03-2007 12:36 PM  9 years agoPost 20
SniperKitten

rrNovice

Wiltshire, UK

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http://www.whatprice.co.uk/petrol-p...rol-prices.html

On this side of the ocean, we pay for a litre what you pay for a gallon.

The current exchange rate is around $2.03 to the British pound today.

There are 3.8 litres to the US gallon.

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