Watch the price of gas.

[MrRiplEy[H]]

It's a jealousy thing because we have more freedom than they do, Now I'm going to go out and shoot my guns.

Actually you're way more restricted in many many things. Even places where the law does not directly prohibit you, political correctness (i.e. moral nazis) will 'enforce' your life lol.

You can shoot guns more freely. That's for granted.

[MrRiplEy[H]]

We are going to run out of oxygen suffocating  before oil ends: maybe the Russian abiotic oil origin theory is right; this planet was built on a core of frozen methane, makes sense, very common in Universe; the future of propulsion is electric;Tesla,Samsung, Alevo are investing huge $$ in batteries gigafactories and even Rockefeller pulled out 50 bill $$ from oil;

"" Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say."

more here from BBC  :  http://m.bbc.com/news/world-us-canada-29310475

Just recently they discovered a nano tech battery that can store huge amounts of electricity in a postage stamp sized battery. Fast recharging and 200 times higher durability compared to current batteries. It's light weight and doesn't contain toxic materials.

I'm hoping electric cars will make a serious breakthrough because I want gas demand to go down so prices can drop further and I can fill up my V8 cheaper again!

[SysError]

A number of people say that battery powered cars are the wrong way to go and point to:

http://www.theguardian.com/environment/2014/nov/21/toyota-hopes-to-recreate-prius-success-with-hydrogen-powered-mirai

or

http://news.bbc.co.uk/2/hi/uk_news/england/coventry_warwickshire/4357598.stm


Long term I do not know who will come out on top.



BTW, I've always thought that these guys were a hoax:

http://en.wikipedia.org/wiki/Compressed_air_car

[ghi]

"Oil sinks below $68 as OPEC keeps output target unchanged"
http://www.marketwatch.com/story/oil-sinks-further-as-opec-meeting-looms-2014-11-27-1103488

http://www.marketwatch.com

 .  

[Bruv119]

better see another 10p off a litre next week   it is stuck on 119.9   at the moment.   

[Meatwad]

Dropped 7 cents a gallon here yesterday

2.70

[MrRiplEy[H]]

We have a fixed tax in gas price so the lower the price goes, the higher relative tax we pay. Right now it's closer to 80%.

[morfiend]

"Oil sinks below $68 as OPEC keeps output target unchanged"
http://www.marketwatch.com/story/oil-sinks-further-as-opec-meeting-looms-2014-11-27-1103488

http://www.marketwatch.com

 .  

  OPEC is doing this deliberately,they will make profit down to about 30 bucks a barrel. They made profit at 18 bucks years ago so if you factor in cost increases I would say the 30 dollar mark would be fair to say.

   I dont know the actual break point cost for OPEC but I``m making an educated,err uneducated guess.

   This will slow if not outright stop domestic production and thus keep the US importing oil!

     It can also have a trickle effect and this is likely what Yahoo was talking about,but as domestic production slows so goes all the suppliers of the equipment. Then of course since fuel is cheap people will continue to buy large gas guzzlers,which are the high profit units and,well the song remains the same......

    Remember the last time this happened....hummers were everywhere!



  Funny how it works,someone invents an electric starter for the engine and electric cars and trucks disappear.....  was a time when electrics outnumbered the gas powered vehicles,look at NYC in the early 1920`s!




   

[MrRiplEy[H]]

  OPEC is doing this deliberately,they will make profit down to about 30 bucks a barrel. They made profit at 18 bucks years ago so if you factor in cost increases I would say the 30 dollar mark would be fair to say.

   I dont know the actual break point cost for OPEC but I``m making an educated,err uneducated guess.

   This will slow if not outright stop domestic production and thus keep the US importing oil!

     It can also have a trickle effect and this is likely what Yahoo was talking about,but as domestic production slows so goes all the suppliers of the equipment. Then of course since fuel is cheap people will continue to buy large gas guzzlers,which are the high profit units and,well the song remains the same......

    Remember the last time this happened....hummers were everywhere!



  Funny how it works,someone invents an electric starter for the engine and electric cars and trucks disappear.....  was a time when electrics outnumbered the gas powered vehicles,look at NYC in the early 1920`s!




   

Imagine how rich they're getting pumping the price artificially as high as it was. It's a legalized robbery really. OPEC is like a legalized cartel thats stopping competition on a globally valuable commodity.

[Lusche]

  OPEC is doing this deliberately,they will make profit down to about 30 bucks a barrel. They made profit at 18 bucks years ago so if you factor in cost increases I would say the 30 dollar mark would be fair to say.

OPEC is not a single country with a single economy. Production costs, break even limits and economic dependencies are very much different between the individual countries. Poorer oil producing OPEC members are in a world of pain now and where basically begging Saudi-Arabia to limit production and to stabilize the oil price, as they need that money very much and can't produce any profit at current price levels.

[morfiend]

OPEC is not a single country with a single economy. Production costs, break even limits and economic dependencies are very much different between the individual countries. Poorer oil producing OPEC members are in a world of pain now and where basically begging Saudi-Arabia to limit production and to stabilize the oil price, as they need that money very much and can't produce any profit at current price levels.

  I understand that Lucshe,Canada is an OPEC member as well.  I was using OPEC as a term I supose as I didnt want to come across in a political or racist manner.

   If the price drops much lower it wont be worth it for Canada to continue to develop the tarsands,as it wont be economically viable. It's well known in other parts of the world that there is potentially much more oil in the tarsand than there is to be found in that big sand box on the other side of the world.

  As long as there is "cheap" fuel the insentives to develop new energy source are put on the back burner....  Hmm I wonder if that has any influence in all this.....



   

[Masherbrum]

Anyone notice how the price of gas stopped dropping on Nov 4, election day and starting climbing back to the higher digits.  Its been jumping up a penny a day here, NJ.

Gas ALWAYS goes up around the holidays. 

[pipz]

I am Canadian!  

My dunkey and I have worked in the tarsands.

[68ZooM]

Actually you're way more restricted in many many things. Even places where the law does not directly prohibit you, political correctness (i.e. moral nazis) will 'enforce' your life lol.

You can shoot guns more freely. That's for granted.

Sorry political nazi's don't control my life, or any other facets of my life, I have yet not been able to do anything that I have wanted to do.

[MrRiplEy[H]]

Sorry political nazi's don't control my life, or any other facets of my life, I have yet not been able to do anything that I have wanted to do.

I'm only going by the image I get from the news and tv shows. They give a very restricted impression, controlling what people can say etc. The nipplegate is one good example - it takes a very conservative society to even begin to worry about such minor details. It is fully possible that I have a completely wrong impression on many things. You only need to think about visiting your country and immediately you get hit with a host of limitations and lack of rights, for example your memory sticks and computer contents may get scanned through at the airport even if you're not a suspected felon. One simple but very invasive example where you guys lack the right for privacy.