Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Gixer on August 09, 2004, 05:08:40 PM
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Fillling the car up starting to hurt?
And they are blaming the Russians? Dosn't make sense when the Russian oil supplies make up less then 2% of global oil production.
Yet thanks to Bush we have an unjust war in Iraq with it's regional and global political impact reducing many international relations to an all time low. And the ever increasing violence in Iraq resulting in security risks from militias reducing production or stopping it altogether in some regions.
And Saudi Arabia which has been badly exposed as the house of cards that it is and ready to fall.
OBL must be laughing in his cave on the impact all of this is having to world economies.
...-Gixer
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Just remember the war was all about oil.
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Situation must be good for the oil exporting counties!
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Originally posted by Gixer
Fillling the car up starting to hurt?
...-Gixer
Nope. Gas prices are actually down where I live... (SF bay area)
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Gixer, I think you're addressing the wrong crowd. The middle East is that ----------> way. Well, actually for you it would be that <------------ way unless you felt like taking the scenic route.
Let us know how it goes.
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LOL
too funny
if prices were down, bush would be at fault as it'd be his oil buddies lowerin the cost to swing the election right??
LOL
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GIXER ....You are only 15 percent right...
You all better get used to it, I mean everyone who drives....
Better get rid of your left /right labels on this point because there is nothing I know to do about it.
The problem is china,yep china....Her econamy is growing so fast that her need for oil has tripled in just last 7 months. And it is going to continue to grow in the fore see able future at nearly the same pace. It is estimated she will rival the US in consumption within 8 to 12 years.
The second reason is the threat of terrorism it self. Every time something is rumured, or does happen, then prices go up, always have and always will. Look at uss cole, beruit, iran hostage, all the others. Now add china and you have your cost per barrel.
Iraq has so little to do with it now. Yes I know tell me what a moron I am and bush did it all...Only thing is you all will have to buy gas even in europe.And the rest of the world will stand in line behind china and the u.s.
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Yup, that'll be next.
Must really hurt filling up the tank in countries that seriously pay through the nose for oil.
France, Germany, Spain, Italy....etc, etc.
Man...I really feel for them.
They'll be handing out ration cards next, eh?....lol
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Originally posted by GRUNHERZ
Nope. Gas prices are actually down where I live... (SF bay area)
Let me know if it's gone up by the end of the week. Market is paying almost $45 a barrel and your glad that the gas price has dropped in SF area? LOL that's a pretty short sighted view of events.
Economics 101 Oil prices effect globaly in many ways in, price of what you are paying at the puimp is just the most basic reflection of this and one that people notice first. Rather then for instance the increased cost of heating or increased manufacturing costs,transporation etc and thats impact on the overall economy,jobs, interest rates etc.
...-Gixer
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Originally posted by Blooz
Yup, that'll be next.
Must really hurt filling up the tank in countries that seriously pay through the nose for oil.
France, Germany, Spain, Italy....etc, etc.
Man...I really feel for them.
They'll be handing out ration cards next, eh?....lol
Actually... The countries with high taxation on their fuel can just lower it gradually when crude prices increase and folks wont notice it as much as those that are used to low prices
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Originally posted by demaw1
GIXER ....You are only 15 percent right...
You all better get used to it, I mean everyone who drives....
Better get rid of your left /right labels on this point because there is nothing I know to do about it.
The problem is china,yep china....Her econamy is growing so fast that her need for oil has tripled in just last 7 months. And it is going to continue to grow in the fore see able future at nearly the same pace. It is estimated she will rival the US in consumption within 8 to 12 years.
The second reason is the threat of terrorism it self. Every time something is rumured, or does happen, then prices go up, always have and always will. Look at uss cole, beruit, iran hostage, all the others. Now add china and you have your cost per barrel.
Iraq has so little to do with it now. Yes I know tell me what a moron I am and bush did it all...Only thing is you all will have to buy gas even in europe.And the rest of the world will stand in line behind china and the u.s.
China? True it's growing economy and thirst for oil but still hardly compares to the US's drain on oil production. Plus China's requirements hardly changed overnight from being a low user to a high user, it's been a gradual increase with it's economy. Not a sudden stuff up like the instability in the middle east.
Blaming China is worse then trying to blame russia.
...-Gixer
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Originally posted by Gixer
Blaming China is worse then trying to blame russia.
...-Gixer
After you've assigned the blame, what is your plan or suggestion to correct the situation? I mean, this IS going somewhere, right? :)
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Originally posted by Nilsen
Actually... The countries with high taxation on their fuel can just lower it gradually when crude prices increase and folks wont notice it as much as those that are used to low prices
I've always wondered what level of taxation and price on fuel a government is willing to sustain before it's impact on the overall economy out weighs the tax benifit. And therefore reduce the tax percentage on fuel to sustain the economy at a particular level.
...-Gixer
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I love natural gas! (http://www.devonenergy.com/operations/features/corpnews_barnett_shale.aspx)
(http://www.devonenergy.com/images/section_banner/banner_ops.jpg)
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Originally posted by Gixer
I've always wondered what level of taxation and price on fuel a government is willing to sustain before it's impact on the overall economy out weighs the tax benifit. And therefore reduce the tax percentage on fuel to sustain the economy at a particular level.
...-Gixer
I know our goverment has a formula for it, but i dont think that is something they would let you know
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Originally posted by Lizking
Just remember the war was all about oil.
So what...they had it...we need it.
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Nilsen - Alberta just wiped out its debt, and this month a survey is going out asking everyone what they want to start doing with all the money that's coming in. Must be good times in your neck of the woods also, huh?
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Originally posted by Nash
Nilsen - Alberta just wiped out its debt, and this month a survey is going out asking everyone what they want to start doing with all the money that's coming in. Must be good times in your neck of the woods also, huh?
Yeah, we now have just over 1000billion NOK or 150billion USD in our petrolium fund...and its growing :)
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well grun cosider yourself lucky. Gas going to put serious $$$ dent in my quest for a new puter. still around 2.10 out here in socal. also i consider anyone who lives in utah lucky. they only pay around 1.80:(
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$1.74 in North Texas.
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Originally posted by Gixer
Let me know if it's gone up by the end of the week. Market is paying almost $45 a barrel and your glad that the gas price has
...-Gixer
Here near Augusta its 1.54 a gallon today for regular.
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Originally posted by Eagler
LOL
too funny
if prices were down, bush would be at fault as it'd be his oil buddies lowerin the cost to swing the election right??
LOL
So true. They'd be screaming "No Blood for Oil" again and lamenting the damage to the environment caused by increased fuel consumption.
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Originally posted by FUNKED1
So true. They'd be screaming "No Blood for Oil" again and lamenting the damage to the environment caused by increased fuel consumption.
This must be one of those liberal pre-pre-whines that hasn't even happened yet that you were talking, and now whining about, eh? :)
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I'm sure everyone driving giant pig-mobiles has nothing to do with it. Neither does the record profits of the oil companies.
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Originally posted by -MZ-
I'm sure everyone driving giant pig-mobiles has nothing to do with it. Neither does the record profits of the oil companies.
Back to square one. :rofl
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Originally posted by -MZ-
I'm sure everyone driving giant pig-mobiles has nothing to do with it. ...
(http://homepage2.nifty.com/Curious-G/starthp/img/pig.jpg)
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Gixer.....sorry
I was not playing blame game, kinda goofy to lay blame on unjust bush war when it has little to do with it.
Fact
chinas increase has been what I said, like it or not, many economist even left of center beginning to say so here. Dont know about europe. Fact is china is becameing a very major player fast . If chinas gpd goes up 1 percent it is like your countrys gpd going up 5 percent. Also I put myself in with all others so whats the beef. If anyone in this world says aint so then they would be putting their head in sand. Yes china will rival US in 8 to 12 years If these econ. are right.
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Originally posted by Nash
This must be one of those liberal pre-pre-whines that hasn't even happened yet that you were talking, and now whining about, eh? :)
No it is just an (accurate) prediction. If oil prices had gone down by a similar amount to how they have gone up, lefty AFDB owners would be whining just as I said, and you know this man.
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Originally posted by Gixer
Fillling the car up starting to hurt?
Yet thanks to Bush we have an unjust war in Iraq with it's regional and global political impact reducing many international relations to an all time low.
...-Gixer
What does Bush have to do with Saddam violating the conditions of the cease fire agreement? Seems more logical to blame Saddam for the war, as he could have easily prevented it, yet chose to provoke it.
I'm pleased with the results of the war so far.
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$1.79/gal here, so it's now up only about $.20/gal. Before the price jump it was about $1.59/gal.
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Originally posted by Nash
Nilsen - Alberta just wiped out its debt, and this month a survey is going out asking everyone what they want to start doing with all the money that's coming in.
I'm sure everyone will vote to give it to Quebec to help their fellow Canadians!
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Yeah fat chance. :)
(doesn't mean they aint gonna try and take it.....)
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What, you guys have blue and red states (provinces) too?
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Theres the red and blue, absolutely.... then there's that green one ya mentioned. :)
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Don't like the price? Don't buy it, it's that simple. You think they will lower prices if everyone keeps buying it? The more the demand, the higher the price goes. I know there is the supply side, but how do you quantify that in today's world? The only way to lower the price is to reduce demand. It is obvious that prices are not too high because people are still paying for it.
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Originally posted by Nilsen
Yeah, we now have just over 1000billion NOK or 150billion USD in our petrolium fund...and its growing :)
With the population of Norway that makes +33000$ each... and when we know in US it's -20k$/inhabitant I'd say we know where US is going to attack next to fill its pockets... :aok
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Originally posted by Staga
With the population of Norway that makes +33000$ each... and when we know in US it's -20k$/inhabitant I'd say we know where US is going to attack next to fill its pockets... :aok
But the question is.....does Bush know where Norway is? :D
Shh.. he is prolly trying to find us on the map, but if someone put it down with south facing up he will get confused and call Donald R. for advice.
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Originally posted by Sixpence
Don't like the price? Don't buy it, it's that simple. You think they will lower prices if everyone keeps buying it? .
Well thats rather simplistic. What if you have three hungry
mouths to feed before you get to eat yourself? Cant go to work on fumes....
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Gixer,
China's demand for commodities from oil to steel was not gradual.
Take carbon steel specifically. Their economy spiked at such a rate that it turned the entire global supply/demand picture for steel on it's ear in a very few short months. Only when China self imposed a slow down, mainly because it couldn't continue to get the steel it wanted, at the price it wanted, have the global conditions relaxed, and only just a little at that.
Like it or not, China's economic actions have a huge impact on global supply/demand equations. Larger than any other country, IMO.
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2.25 a galon to fill up this morning....2 weeks ago it was 2.49.
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Originally posted by Gixer
Let me know if it's gone up by the end of the week. Market is paying almost $45 a barrel and your glad that the gas price has dropped in SF area? LOL that's a pretty short sighted view of events.
Economics 101 Oil prices effect globaly in many ways in, price of what you are paying at the puimp is just the most basic reflection of this and one that people notice first. Rather then for instance the increased cost of heating or increased manufacturing costs,transporation etc and thats impact on the overall economy,jobs, interest rates etc.
...-Gixer
Uhhm I just answered you question about local gas prices Gixer, I dont see what in post made you respond in the way you did...
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Ok... you convinced me. lets take norway away from em.
lazs
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Originally posted by Nilsen
But the question is.....does Bush know where Norway is? :D
Shh.. he is prolly trying to find us on the map, but if someone put it down with south facing up he will get confused and call Donald R. for advice.
youve got it pegged. its known worldwide that harvard mbas are as a group the stupidest people in the world. and fighter pilots need a good brain except in usa. if i had to bet my donut on a chess match between you and the cic let me tell you it wouldnt be riding on your brain.
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Originally posted by GRUNHERZ
Uhhm I just answered you question about local gas prices Gixer, I dont see what in post made you respond in the way you did...
I too thought it was an odd reaction to answering his question. I think it was some sort of "bait and switch" thing, allowing him to bring out the second point in reaction to your adressing the first.
-Sik
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4.92$ today... I simply couldn't afford to commute if I'd have to pay for my car and gas. The gas alone would be around 10% of my net income.
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Originally posted by anonymous
youve got it pegged. its known worldwide that harvard mbas are as a group the stupidest people in the world. and fighter pilots need a good brain except in usa. if i had to bet my donut on a chess match between you and the cic let me tell you it wouldnt be riding on your brain.
lol ok
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Originally posted by rpm371
$1.74 in North Texas.
My new office is 6 miles from home. No more North Dallas Toll road or 190 to pay either, and I drive a Honda Civic.
Its like a pay raise !
hahahaha suckers :)
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Originally posted by X2Lee
Well thats rather simplistic. What if you have three hungry
mouths to feed before you get to eat yourself? Cant go to work on fumes....
Sorry, that is kind of selfish, I tend to take it for granted, and that everyone has a public transportation system as good as ours.
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The price of a product with a limited supply is going up as more is used?
Shocking.
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Originally posted by Blooz
Yup, that'll be next.
Must really hurt filling up the tank in countries that seriously pay through the nose for oil.
France, Germany, Spain, Italy....etc, etc.
Man...I really feel for them.
They'll be handing out ration cards next, eh?....lol
Well not really, we have North Sea oil at the moment and since all oil is traded in US $$$ and the $$ is in the toilet at the moment - 1.82 to 1.00 £ we have been cushioned. However in the long term we'll feel the effects too.