Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Ripsnort on August 29, 2005, 08:47:37 AM
-
...only because of an intervening Mother Nature. $70 a barrel trading this morning, expected to hit $75 by close. The U.S. average prior to this storm is $2.60.
http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp
-
Ouch!
(unless you have some nice stock :D )
-
I bet the folks at Southwest airlines are giving some serious high-five action to their guy that locked them in at low fuel prices a few months ago.
Anyone read about the various Fischer-Tropf plants that are being considered? I saw one figure this weekend speculating that $30-35 a barrel wasn't unreasonable for FT gas.
-
With the double bonus of getting rid of all the coal slag too.
-
I'm already paying $3/gal for the nastiest, dirtiest, low-octane crap available in the UK and found only on US bases, but I guess it's better than paying $6/gal off base. Just replace the fuel filter every 10k miles and use that water remover stuff before and during winter, and it shouldn't cause permanent damage to the car.
And SUVs are still best-sellers, with the power-at-all-costs-but-not-from-my-pocket crowd griping about the new mileage standards Pres Bush got passed that requires pretty much all trucks including SUVs get better mileage in the next few years. Oh the horror.
There are a lot of people practically holding their breath until the new US diesel standard comes into effect, because the European diesel cars are just awesome. I have some Danish relatives getting 40 mpg in their turbo diesel mid-size wagon, but if it didn't have a little "TD" badge on the back, I never ever would have guessed it was a diesel. There was absolutely no hint that it wasn't any other gasoline powered car, from the smell, the sound, the performance... Nothing but the high fuel efficiency and that little TD badge. I think it'll open a lot of people's eyes when those suckers can be sold in the US. I think that when the US markets can use those engines, we'll see some 60mpg turbo diesels on the streets that give the hybrids a run for their money. They'll be cheaper, won't need new batteries every few years, but will get the same mileage with great drivability and no chassis limitations you might see with a hybrid.
-
I saw an article that on the president of OPEC saying that demand has not outpaced production yet and they are still producing 1.5M barrols more than demand. They are meeting in sept to help lower prices.
It still pisses me off that these companys got all sorts of tax breaks and they are posting record profits in the billions.
-
Gotta wonder if TD powered hybrids might be the next step. Seems pretty logical, considering that they can run on so many different types of fuel.
-
Originally posted by Chairboy
Gotta wonder if TD powered hybrids might be the next step. Seems pretty logical, considering that they can run on so many different types of fuel.
I like the idea of running on vegatable oil
-
french fry grease - we have an endless supply of that
everything cost more today than it did yesterday
wanna know a secret????
it will cost more tomorrow lol
when I drive around town and see that suv's are still 7 out of 10 cars on the road, I realize gas ain't high enough to matter yet
how can you complain as you stand there and pump it into your 15 to 20 mpg vehicle?
-
TurboDiesel is the wave of the future. Whether it's in direct drive or hybrid, I've gotta think that it's ever so much more likely to be the predominant fuel than either Hydrogen or Gasoline, just because of the number of things that can be used by them.
It's funny, as great as Hydrogen is per unit of weight in terms of energy content, it's really terrible in terms of energy per unit of volume. Hydrogen is big.
The most powerful rocket ever launched, the Saturn V, had a first stage powered by Kerosene and LOX. They used Hydrogen for the upper stages because weight was so desperately important for payload, but if they had tried to use it for the 1st stage, it would have been even more ginormous then it was, either twice as thick or as tall.
There are new diesel powered airplanes coming out. When I first heard, I was flummoxed because 'where would you buy Diesel on an airfield?!' before realizing that "oh yeah, a diesel will run on jet fuel."
-
Bush may tap the Strategic Petroleum Reserve in order to lower the cost of oil. The Hurricane has made the decision almost a given.
-
I saw an article that on the president of OPEC saying that demand has not outpaced production yet and they are still producing 1.5M barrols more than demand. They are meeting in sept to help lower prices.
This is the first generally demand driven market we've had for a long time. Increasing prices have done little to curb demand and OPEC is surely paying attention. Obviously this particularl spike is an exceptional event, but one that is always looming.
Charon
-
I really liked what was being written years ago when the VW TDI engine came out. I wanted one when it became time to leave my old Rabbit and upgrade, but the dealer supposedly didn't have any. Of course, two weeks after I get a normal gas-engined Jetta, I stop by the dealer and see TDI-engined Jettas. Back then (around '98) the TDI's only came in 90hp and 110hp variants (of course we get the 90hp here). Now it seems VW USA will have a 100hp 1.9L, a 134hp 2.0L, and a V10 (!!!) in the TDI lineup.
With the infinite wisdom of our local politicians, our state has emplaced a gas-price cap. Of course it's not a retail cap, it only caps wholesale prices by basing them on prices in the mainland US (Los Angeles indexes I think). So if they're prices go up, so will ours. Add the fact that we have at least $0.50/gallon taxes in all of our counties, and an increase in our general excise tax coming soon.
Oh how I love the way the new Mustang GT looks and sounds... but my budget probably won't allow for the fillups (despite $3/gallon still being cheap compared to $6-$8/gallon elsewhere). And it would be a pain to load the child safety seat in the back. Looks like my next ride will be powered by a TDI.
Originally posted by eagl
...
There are a lot of people practically holding their breath until the new US diesel standard comes into effect, because the European diesel cars are just awesome. I have some Danish relatives getting 40 mpg in their turbo diesel mid-size wagon, but if it didn't have a little "TD" badge on the back, I never ever would have guessed it was a diesel. There was absolutely no hint that it wasn't any other gasoline powered car, from the smell, the sound, the performance... Nothing but the high fuel efficiency and that little TD badge. I think it'll open a lot of people's eyes when those suckers can be sold in the US. I think that when the US markets can use those engines, we'll see some 60mpg turbo diesels on the streets that give the hybrids a run for their money. They'll be cheaper, won't need new batteries every few years, but will get the same mileage with great drivability and no chassis limitations you might see with a hybrid.
-
Originally posted by mauser
I
Oh how I love the way the new Mustang GT looks and sounds... but my budget probably won't allow for the fillups (despite $3/gallon still being cheap compared to $6-$8/gallon elsewhere). And it would be a pain to load the child safety seat in the back. Looks like my next ride will be powered by a TDI.
Try the V6 version, sounds great, still looks good, and my wife is getting around 24 mpg commuting with hers. Backseat still sucks though(although a bigger improvement in space compared to the 04's and previous)
-
Originally posted by Chairboy
Anyone read about the various Fischer-Tropf plants that are being considered? I saw one figure this weekend speculating that $30-35 a barrel wasn't unreasonable for FT gas.
There's one running in the Powder River basin in Wyoming.
We have several hundred years of reserves of coal and oil shale that could be turned into oil (like about 1000 years) at present oil consumption rates. I've also read that at $35 to $40 a barrel was the break even point.
-
Rip,
I'm getting 24 mpg commuting in my trans-am running the worst gas I've ever used. Nothing personal, but 24 mpg in a non high-performance daily driver is horrible. You'd probably get the same mileage in a V8 stang if you could keep your right foot off of the floor.
-
(http://www.edbert.net/images/gas.prices.jpg)
Originally posted by eagl
You'd probably get the same mileage in a V8 stang if you could keep your right foot off of the floor.
My 2005-GT gets about 21 with mixed driving and not being careful with the throttle.
-
ripsnort has violated conservative edict No. 844-27500-03881.AC2 which states unequivocally: rpm is never right.
Shame be upon you ripsnort
-
Hey Eagl - does your car have door handles? :lol
Originally posted by mauser
I really liked what was being written years ago when the VW TDI engine came out. I wanted one when it became time to leave my old Rabbit and upgrade, but the dealer supposedly didn't have any. Of course, two weeks after I get a normal gas-engined Jetta, I stop by the dealer and see TDI-engined Jettas. Back then (around '98) the TDI's only came in 90hp and 110hp variants (of course we get the 90hp here). Now it seems VW USA will have a 100hp 1.9L, a 134hp 2.0L, and a V10 (!!!) in the TDI lineup.
The VW 1.9 TDi used to be a 150bhp unit. However, this engine could not meet Euro emissions standards and was discontinued in its 150bhp form and replaced by a 2.0i TDi-140 engine - slightly less power, but the same 236ft. lb torque from 1750rpm that its predecessor offered from 1900rpm. (If you've driven both diesel & petrol, you'll know that the max torque value is more significant for day to day driving than the max power figure that the petrol heads ogle at) The 1.9 became a 105bhp unit, which is the one you're talking about.
I've had a test drive in the 2.0i TDi-140, and it doesn't even sound like a diesel. It's now available in 4WD - the 4-Motion system, which I'll be getting soon.
-
Beetle
I don't get the joke... Of course my car has door handles.
???
It just still amazes me that it gets such good gas mileage with a big engine after 100k+ miles. I remain disappointed that it only gets 24 mpg here in the UK, but that's because I'm using the crappy tax-subsidized fuel from on base.
FWIW, I have fuel consumption records going back the entire life of the car, plus occasional notes regarding the driving conditions for any particular tank of gas. If I had a spare week or so I'd enter it into an excel spreadsheet so I could graph it, but I don't so I won't.
Lately I've been getting about 300 miles on 48 liters, which works out to 23.8 mpg.
-
Originally posted by eagl
Rip,
I'm getting 24 mpg commuting in my trans-am running the worst gas I've ever used. Nothing personal, but 24 mpg in a non high-performance daily driver is horrible. You'd probably get the same mileage in a V8 stang if you could keep your right foot off of the floor.
True statement.
GT-Automatic-V8: : 18 mpg / 23 mpg
Non-GT-Automatic-V6: 19 mpg / 25 mpg
Of course, she didn't want to wait 3 months for a convertible GT, and she doesn't care about HP :(
-
Incidently, oil was up only 1.12 a barrel, closing at $67 something....not as bad as I thought it would be.
-
I would kill for fuel at 3$/gallon !
1.3€ per liter currently something like 9$/gallon if my convertion is ok.
-
Originally posted by straffo
I would kill for fuel at 3$/gallon !
1.3€ per liter currently something like 9$/gallon if my convertion is ok.
Americans are spoiled rotten, straffo. At $2.60 a gallon, its not even close to our all time high of (inflation adjusted) $3.01 a gallon.
-
Originally posted by Ripsnort
Americans are spoiled rotten, straffo. At $2.60 a gallon, its not even close to our all time high of (inflation adjusted) $3.01 a gallon.
I paid $1.24 as a high school senior 23 years ago, were you using 1982 data?
-
Originally posted by Edbert
I paid $1.24 as a high school senior 23 years ago, were you using 1982 data?
1981.
http://bigpicture.typepad.com/comments/2005/04/gasoline_prices.html
A $1.24 in 1982 is $2.52 in todays dollars. Mind you, the above is an average. Some states were more, some less.
-
Wouldn't you know it... Crude Oil at all time blow yer mind prices and all of my wells are Natural Gas producers. Howbout we double LPNG prices?. Thank God for the Barnett Shale formation.
Oh, and if Bush taps the Strategic Reserve he's an even bigger idiot than I thought. It will only lower pump prices for a couple months at best, then we will have to buy more crude to replace it. I say our Strategic Reserve should be called Iraq.
-
Sydney area 95 octane unleaded is now $1.25 or more: a lot of people are now regretting the V6s and V8s they bought (and there are a lot of big cars in the North Shore where I live). Like the UK diesel here is taxed so it is more expensive than petrol but it still works out as more economical than petrol for most vehicles. Still diesels are nowhere near as common here as they are in europe (presumable because petrol is still a lot cheaper).
My bike will get 27km/l if it's used wisely but since it's mostly a toy for the weekend it gets ridden fairly hard and I'm lucky to make 22km/l.
-
Originally posted by rpm
Wouldn't you know it... Crude Oil at all time blow yer mind prices and all of my wells are Natural Gas producers.
They aint pumping much crude from around here anymore, still quite a bit off-shore though.
Nice sig-quote...I've followed Kinky for years by reading his columns and had largely dismissed him as a candidate, but with the current Gov and that insane woMAN who is challenging him I'm coming around rather quickly.
-
The gulf basis was up 40 cents this afternoon and futures were up 10 to 12 in unleaded,,,,,,,,
Look for 30 to 40 cent price increases at the pump.
-
Originally posted by rpm
Oh, and if Bush taps the Strategic Reserve he's an even bigger idiot than I thought. It will only lower pump prices for a couple months at best, then we will have to buy more crude to replace it. I say our Strategic Reserve should be called Iraq.
As I understand it, tapping the reserve is just that: a short term fix until LA oil systems are repaired and back on line.
The offshore oil production in the gulf produces like 25 or 30% of domestic production. If hurricane damage causes a 50% loss in that it takes a big chunk out of our oil supply. A big chunk of imported oil comes thru the LOOP. Louisiana Offshore Oil P.....(something)
Louisiana comprises a large piece in the energy pie. If the strategic reserve can ease the repair if LA infrastructure... maybe it's not so hairbrained?
If it was filled with $40 dollar oil and we sell it to market at $70, and then refill with $70.... it cost us just overhead and shipping..
-
Its going to get worse folks.
4$ a gallon by christmas is my prediction.
-
They are saying a $.20 jump in the next 48 hours due to the hurricane. I don't see how pump-prices can reflect things like that SO fast. It takes numerous weeks for a barrel of locally produced crude to make it from the ground into my car. Nothing more that futures speculation at best and price gouging at worst IMO.
-
Originally posted by rpm
Wouldn't you know it... Crude Oil at all time blow yer mind prices ....
No. 1980 and 1981 Crude was higher.
http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp
Originally posted by rpm
Oh, and if Bush taps the Strategic Reserve he's an even bigger idiot than I thought. It will only lower pump prices for a couple months at best, then we will have to buy more crude to replace it. I say our Strategic Reserve should be called Iraq.
Democrats discuss need to open Strategic Oil Reserve
By Evan Lehmann Washington Bureau
WASHINGTON -- With gas prices still climbing, some Democrats are intensifying pressure on the president to unleash millions of barrels of oil from the nation's vast underground reserves saved for national emergencies.
A sudden influx of oil into the market from the salt caverns of the Strategic Petroleum Reserve along the Gulf of Mexico could lower gas prices and ease the cost of heating fuel as winter approaches, the lawmakers say.
"The president should be taking active measures, like potentially tapping the strategic reserve, to help take some of the pressure off prices at the pump," said Rep. Marty Meehan, D-Lowell. "But over the long-term, we need to address the more fundamental problem of our addiction to Arab oil and the need to require better mileage standards for cars."
Opponents of an oil release, including some Massachusetts Democrats, dismiss it as an empty gesture that would fail to significantly temper prices in a global market that uses more than 80 million barrels of oil every day.
Some Democrats say pressing to open the reserve's spigot deflects attention away from the root problem with the nation's energy policy: A failure to slow the flow of oil by promoting fuel-efficient cars and other conservation practices.
"What good does it do to release oil from the reserve?" said Rep. John Olver, D-Amherst. "The real problem is we are using more oil every year."
President George W. Bush refuses to divert any of the 700 million barrels from the reserve, a move employed by his father, President George H.W. Bush, at the outset of the U.S. invasion of Iraq in 1991. It was meant to offset any major oil production drop-off caused by the war.
Bush and most analysts see current gas prices as a normal product of the global market, not a short-term hazard to be overcome by a sudden but brief infusion of reserve oil.
"The president has repeatedly said we're not gong to use (the reserve) to manipulate prices or for political reasons," White House spokesman Ken Lisaius said Friday. "It's there for national security purposes."
The reserve was opened again in 2000 by President Bill Clinton, who diverted 30 million barrels into the market to bolster sagging inventories of heating oil.
But independent analysts and an Energy Department spokesman said infusions from the reserve -- which would probably amount to about 1 million barrels a day -- would be swallowed up by the globe's massive inventory and fail to significantly affect gas prices.
"It's a fantasy that you can have any major effect on world oil prices over time by doing this kind of thing," said Herman "Dutch" Leonard, a professor of public finance at Harvard's Kennedy School of Government.
Craig Stevenson, an Energy Department spokesman, estimated that Clinton's release of reserve oil had only a small, short-term effect on gas prices.
"Nationally, the price went down about a nickel and it went right back up two weeks later," he said.
Ben Lieberman, a senior policy analyst at the Heritage Foundation, echoed Stevenson.
"The SPR really isn't enough oil to make much difference," Lieberman said. "It's just become a political football."
Reserve releases could force gas prices down minimally, but only temporarily, said Henry Lee, director of the environment and natural resource program at Harvard's Kennedy School of Government.
Instead, he believes production and prices will remain as they are for at least two years, until new technologies in vehicles and elsewhere lower consumption.
"You can't help but have some impact if you release enough of it," Lee said of reserve oil. "But the problem is, when do you stop depleting (the reserve)? As soon as you stop, the price is going to go right back up again."
[/i]
-
Originally posted by rpm
I say our Strategic Reserve should be called Iraq.
Agreed. American Companies are making millions helping the Iraqis get it out of the ground so send it here. Then at least we'll get some benefit out of it. If we went to war for oil then I want some of it.
-
Things that make you go Hmmmmmmmmmm!
Where did I see this before??????? :rofl
-
Originally posted by Swager
Things that make you go Hmmmmmmmmmm!
Where did I see this before??????? :rofl
Certainly not economics class....possible here? (http://www.liberalforum.org/)
-
I think it's about time the US pays what the rest of us have been paying for Gas ,
now may they will park some of the SUV with one person in them and start thinking about all the waste!
-
Originally posted by Heater
I think it's about time the US pays what the rest of us have been paying for Gas
Is the low US gas price a result of relatively low levels of taxation by the federal and state governments? Or something else? Change starts at home.
-
Its going to get worse folks.
4$ a gallon by christmas is my prediction.
Barring another natural disaster or significant foreign disruption prices should be back close to "normal" by that point in time. Demand is much lower, LA should be cleaned up well before then and we should be seeing prices in the $2.00 range. It will be pretty harsh heading into fall.
Charon
-
we hit $3 this mosning, up 20¢ from yesterday
this is in Milwaukee, WI
-
i wont settle for anything below 4.15 $
-
Originally posted by Chairboy
Is the low US gas price a result of relatively low levels of taxation by the federal and state governments? Or something else? Change starts at home.
Total cost per gallon varies but here it is around $0.60/gal for all taxes combined, or roughtly 20% of total cost right now. The sad part is the governmental cut used to be 35%, so I am sure they are feeling like their cartell is being vut out of some cash and will seek to rectify that through other means. Right now any official that advocates an increase might get lynched!
If you guys in Europe are mad about your high gas prices contact your government instead of complaining about our cheap gas.
-
what really sucks, if this info is correct (might not be reliable source, but i think the data is right) is Wisconsin has the highest per gallon tax in the nation @ 31.1¢
http://www.wisconsingasprices.com/tax_info.aspx
WTF is wrong with my POS state? :mad: :( :huh
-
Originally posted by Edbert
Total cost per gallon varies but here it is around $0.60/gal for all taxes combined, or roughtly 20% of total cost right now. The sad part is the governmental cut used to be 35%, so I am sure they are feeling like their cartell is being vut out of some cash and will seek to rectify that through other means. Right now any official that advocates an increase might get lynched!
If you guys in Europe are mad about your high gas prices contact your government instead of complaining about our cheap gas.
Not complaining. I don't want cheaper gas.
-
Originally posted by Mustaine
what really sucks, if this info is correct (might not be reliable source, but i think the data is right) is Wisconsin has the highest per gallon tax in the nation @ 31.1¢
http://www.wisconsingasprices.com/tax_info.aspx
WTF is wrong with my POS state? :mad: :( :huh
Democrats.
-
Originally posted by Ripsnort
Democrats.
Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.
-
Originally posted by Chairboy
Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.
but this is the first time in recent years IIRC that the democrats did not control the state house/senate.
-
Well Indianapolis just went up to $3.59. Up almost $1 since the weekend.
Funny how the countries we get oil from are throwing up their arms and saying "It's not us this time".
Last I heard from our oil companies on why the prices are going up is basically "Because whe can".
-
Originally posted by Chairboy
Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.
Introduced by Representatives Black, F. Lasee, Ziegelbauer,
Gundrum, Pridemore, Turner, Pope-Roberts, Cullen,
Sinicki, Krusick, Van Akkeren, Lehman, Pocan, Wasserman,
Boyle, Benedict, Berceau, Zepnick, Kessler and Vukmir;
cosponsored by Senators Carpenter (http://www.legis.state.wi.us/senate/sen03/sen03.html) and Coggs. (http://www.legis.state.wi.us/senate/sen06/sen06.html)
ASSEMBLY BILL 303 : 1985:
The so-called gas tax "indexing" which automatically increases our gas tax on April 1 of every year. Since 1985, this automatic tax increase mechanism has raised the gas tax by 8.3 cents, costing taxpayers over $200 million a year.
-
Wholesale prices just hit $3.15 for gallon of unleaded today here on the Gulf Coast.
We are seeing big shortages. Gas stations selling out in hours.
Suppose to be limited supplies for next 3 weeks. Heard gas will go up $.60 to $.80 by Thursday.
-
Rip, I don't care if there are Democrats calling for use of the SPR. They are idiots, too. The SPR should be hands off. What will happen if the price does not drop after it is used because another Hurricane hits the Gulf, a refinery explodes or OPEC decides to curb production? You are left without the SPR if a REAL emergency happens. It's not designed for consumer comfort.
-
Originally posted by rpm
What will happen if the price does not drop after it is used because OPEC decides to curb production?
We attack them?
-
Originally posted by Ripsnort
Certainly not economics class....possible here? (http://www.liberalforum.org/)
If you are refering to my comment, what I was saying was that if we are going to be ACCUSED of going to war for oil... then at least I would like some of it. Not a particularly Liberal viewpoint IMO. I think we should have it all shipped here. We need it and we freed it. Regardless of what you may believe, you'll have a difficult time labeling me as Liberal or Conservative. Just because I don't let Rush tell me what to think does not mean I let anyone else do it.
-
"I don't let Rush tell me what to think"
Man, the neocons on this board are gonna target you now ;)
Zoooo?Yooze ist nicht einen Rushling? Warum bist du hatezensie Amerika!!!
-
we are over $3.50 in WI now.
-
Originally posted by SkyWolf
If you are refering to my comment, what I was saying was that if we are going to be ACCUSED of going to war for oil... then at least I would like some of it. Not a particularly Liberal viewpoint IMO. I think we should have it all shipped here. We need it and we freed it. Regardless of what you may believe, you'll have a difficult time labeling me as Liberal or Conservative. Just because I don't let Rush tell me what to think does not mean I let anyone else do it.
Can you not read?
I quoted swager...
Rush? The band? Don't diss Rush, they are one of the greatest bands of all time. You SHOULD listen to them. Fine music.
-
...and the words of the prophets were written on the studio walls...
-
Problem with Gas is it has a very inelastic demand. Prices go up, demand doesn't drop that much. It may cost an extra $100 or so a month for fuel if price is above $3, most with disposable income will just adjust & not decrease demand at all. It is the people with less disposable income which will end up decreasing demand. All of a sudden that buck bus ride that takes an extra 45 minutes to get to work might be an alternative.
As to those big gas guzzling SUVs, sometimes there is a need to have one. I know i hate to fill my wife's up...damn 44 gallon gas tank! Of coarse I drive some German car & pay up for premium..not sure which is worse.
-
Originally posted by BigGun
Problem with Gas is it has a very inelastic demand. Prices go up, demand doesn't drop that much. It may cost an extra $100 or so a month for fuel if price is above $3, most with disposable income will just adjust & not decrease demand at all. It is the people with less disposable income which will end up decreasing demand. All of a sudden that buck bus ride that takes an extra 45 minutes to get to work might be an alternative.
As to those big gas guzzling SUVs, sometimes there is a need to have one. I know i hate to fill my wife's up...damn 44 gallon gas tank! Of coarse I drive some German car & pay up for premium..not sure which is worse.
Here is the kicker:
Inflation, cost of groceries, consumer goods all go up in price. American consumers remain the growth engine for many exporting countries, those countries could be in serious trouble...
Get ready for a rough road, Europe. Particularly Germany, whos unemployment rate already exceeds 11%.
-
Its been over $3 here for a while at most pumps in Ct. Dessiel is no better.
-
CNN just put out that the expectation is that gas will top $4.00 a gallon before the end of the year.
Frankly in spite of the refinery situation, demand increase from China and the storm, I feel the majority of the price increase and severity is due to speculation on oil futures.
-
Frankly in spite of the refinery situation, demand increase from China and the storm, I feel the majority of the price increase and severity is due to speculation on oil futures.
That's how it all works, particularly where any kind of potentially disruptive factor comes into play.
Charon
-
Originally posted by Maverick
CNN just put out that the expectation is that gas will top $4.00 a gallon before the end of the year.
Frankly in spite of the refinery situation, demand increase from China and the storm, I feel the majority of the price increase and severity is due to speculation on oil futures.
And Forbes predicts a crash in oil stocks heh!
http://www.gulf-daily-news.com/Story.asp?Article=120780&Sn=BUSI&IssueID=28164
-
RPM,
This IS a "real emergency". Seriously. A nuke or 1000 plane carpet bombing raid wouldn't have caused this much widespread damage. A guy at work who has done *ahem* research *ahem* on nuclear warfare made a direct comparison between this disaster and a limited nuclear strike. That's from someone who could be considered an expert in the field.
Pretty much the entire city of New Orleans will need to be built from scratch (not an exaggeration at all), and they can't even start, let alone continue to rescue trapped people, if they don't start diverting fuel to the area NOW, and start maxing out production in other regions NOW. That means opening up the national reserves and diverting fuel trucks to the region, causing localized shortages and corresponding price increases anywhere within a day's drive of the gulf coast.
This may be the biggest homeland disaster any of us will ever see in our lifetimes, but we're too jaded and cynical to recognize it. Plus the media isn't helping, spending all their airtime replaying an interview with a single victim and asking a helo pilot how he felt not being able to rescue everyone after a 30 hour flying surge. Can anyone GUESS how a pilot who's flown rescue missions for 30 straight hours is going to feel? Ya think? Geeze what a retarded question to ask. The media has no clue how to dig out the actual news because they're all racing to beat the other reporters to whatever is the most spectacular show.
How about interviewing other state governors about what they plan on doing to help? Or maybe thoroughly documenting and reporting the creation of the on-scene consolidated emergency response command center? Or get a real construction engineer on the tv who can explain what infrastructure will survive after sitting in 20 ft of water for anywhere from a week to 3 months, and what parts of that infrastructure will have to be rebuilt before anyone can go back to where the city used to be, and how long it will take to rebuild enough infrastructure so they can start rebuilding the city itself.
I know for a FACT that this is going to be worse than every Calif earthquake in US history combined. In LA and SF, they had to rebuild stuff that fell over or burned, but this time they have to rebuild from scratch entire cities, including basic stuff like sewers, power generation/distribution, water treatment/distribution, etc.
-
I'd say with Katrina we are past the stage of "releasing the SPR for consumer comfort" too.
-
But the government isn't Edbert.
Oh. You coffee drinkers may want to go stock up for the future. I predict the price on coffee is about to go sky-$$$-high too.
-
Well prove me wrong then boys. He released the SPR and pump prices went up. I guess they will drop to $1.50 a gallon now, eh? I don't think so. The problem isn't supply. But, what do I know? My family has been in oil production for 40 years.
Trust me, you are being scamed.
-
Originally posted by Ripsnort
Rush? The band? Don't diss Rush, they are one of the greatest bands of all time. You SHOULD listen to them. Fine music.
Actually... they were good. But not one of the greatest bands of all time. Unless you are Wayne or Garth.