Sadly, you are probably right sir!
Gas Prices.
Le Mans Master
Joined: Jun 2009
Posts: 6,528
Likes: 752
From: South Dakota
Regular is at 3.99 here now.
Why is it that unleaded futures have only gone up about 25 cents while the price at the pump has gone up about 90 cents in the last month or so?
Somebody is getting rich gouging us.
Why is it that unleaded futures have only gone up about 25 cents while the price at the pump has gone up about 90 cents in the last month or so?
Somebody is getting rich gouging us.
AKA "The CLOWN"
Joined: Feb 2010
Posts: 6,261
Likes: 13
From: Chicago South Suburbs
For those that have an iPhone, there is an App called GasBuddy.
This app will show you all the currant gas prices in your area by putting in your zip code.
I was amazed the difference in prices within 5 miles from me, some were almost .30 cheaper!
Gotta love todays Technology!
This app will show you all the currant gas prices in your area by putting in your zip code.
I was amazed the difference in prices within 5 miles from me, some were almost .30 cheaper!
Gotta love todays Technology!
Racer
Joined: Aug 2010
Posts: 469
Likes: 1
From: Heath Texas
We're stuck under the thumb of big oil.
Because of high per barrel prices, big and little oil has been drilling the hell out of old reservoirs. Production is at an all time high in the U.S. The problem is high costs of using new technology in those old fields. We still import most of our stuff from Canada and Chavezland.
Gas prices must be viewed as a global commodity issue. We have limited refinery capacity. If someone shows up with a pile of dollars and bids up the commodity, it goes out the door and onto a ship that leaves the country. The US is exporting distillates because of this, and reduces what goes into the gas station distribution pipeline. Price goes up.
Anywho, it will get worse. Obama is spouting a populace theme of reducing the oil subsidies, which actually is an incentive program to drill and produce domestically. Watch what happens if that happens.
Big oil. Ha! Big consumers and Big government.
Race Director
Joined: Aug 1999
Posts: 11,117
Likes: 671
From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
New vs. old Oil realities !
Those kind of statements crack me up. I work in that industry. The companies are so competitive with each other, it's cut throat. Now, retail is where you guys need to vent your indignation.
Because of high per barrel prices, big and little oil has been drilling the hell out of old reservoirs. Production is at an all time high in the U.S. The problem is high costs of using new technology in those old fields. We still import most of our stuff from Canada and Chavezland.
Gas prices must be viewed as a global commodity issue. We have limited refinery capacity. If someone shows up with a pile of dollars and bids up the commodity, it goes out the door and onto a ship that leaves the country. The US is exporting distillates because of this, and reduces what goes into the gas station distribution pipeline. Price goes up.
Anyhow, it will get worse. Obama is spouting a populace theme of reducing the oil subsidies, which actually is an incentive program to drill and produce domestically. Watch what happens if that happens.
Big oil. Ha! Big consumers and Big government.
Because of high per barrel prices, big and little oil has been drilling the hell out of old reservoirs. Production is at an all time high in the U.S. The problem is high costs of using new technology in those old fields. We still import most of our stuff from Canada and Chavezland.
Gas prices must be viewed as a global commodity issue. We have limited refinery capacity. If someone shows up with a pile of dollars and bids up the commodity, it goes out the door and onto a ship that leaves the country. The US is exporting distillates because of this, and reduces what goes into the gas station distribution pipeline. Price goes up.
Anyhow, it will get worse. Obama is spouting a populace theme of reducing the oil subsidies, which actually is an incentive program to drill and produce domestically. Watch what happens if that happens.
Big oil. Ha! Big consumers and Big government.
The refineries are engineered for "Light Sweet crude" and we buy very little crude oil from the Middle East anymore. So the refineries are calibrated for the light sweet crude but we buy a lot of Canadian oil sands, which the famous Keystone transcontinental pipeline would addressed, but the Obama administration nixed that project, so we are going to have the same situation again, we don't have enough refining space for the newer heavy crude.
So while we're paying more for the price of gasoline, we no longer buy that much from the Middle East. So at least the price we pay isn't going into the hands of the terrorist hands to buy more weapons with. On the bad side, we're going to see ultra high gasoline prices. Oddly enough, we are using a very marked down amount of gasoline and we here in America just don't drive all that much anymore. In south America they run a E85 mixture of ethanol, but they get the ethanol from the gazillion miles of sugar cane they have , while we use corn. Also the cars in south America have stainless Steel fuel system and almost all of the cars down there are Japanese autos. But in the end we're going to get screwed, it's just different players this time around. I just paid $4.09.9 for premium last night.
Instructor
Joined: Feb 2007
Posts: 233
Likes: 0
From: Marco Island Florida
Gas prices are only that high in Europe to pay the tax man. It's part of funding their government benefits, like it was in the caste system of long ago. As long as the peasants keep buying their share of fuel the lords can give government handouts. It's a vicious cycle of economics.
If my fellow Americans ever get their ***** back like the days of the Boston Tea party maybe they can regain control of their lives again.
If my fellow Americans ever get their ***** back like the days of the Boston Tea party maybe they can regain control of their lives again.
Team Owner
Joined: May 2010
Posts: 20,593
Likes: 127
From: Sugarcane town Florida
Don't worry. Obama is going to come out with a gas card for the entitlement class so he will be elected again.
He will pay the difference in gas prices from what they were when he got elected till now.
He will pay the difference in gas prices from what they were when he got elected till now.
Drifting
Joined: Feb 2006
Posts: 1,600
Likes: 2
From: Outer banks North Carolina
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Team Owner
Joined: Jan 2009
Posts: 73,568
Likes: 33
From: Somewhere in Mo
St. Jude Donor '09-'10, '14
Those kind of statements crack me up. I work in that industry. The companies are so competitive with each other, it's cut throat. Now, retail is where you guys need to vent your indignation.
Because of high per barrel prices, big and little oil has been drilling the hell out of old reservoirs. Production is at an all time high in the U.S. The problem is high costs of using new technology in those old fields. We still import most of our stuff from Canada and Chavezland.
Gas prices must be viewed as a global commodity issue. We have limited refinery capacity. If someone shows up with a pile of dollars and bids up the commodity, it goes out the door and onto a ship that leaves the country. The US is exporting distillates because of this, and reduces what goes into the gas station distribution pipeline. Price goes up.
Anywho, it will get worse. Obama is spouting a populace theme of reducing the oil subsidies, which actually is an incentive program to drill and produce domestically. Watch what happens if that happens.
Big oil. Ha! Big consumers and Big government.
Because of high per barrel prices, big and little oil has been drilling the hell out of old reservoirs. Production is at an all time high in the U.S. The problem is high costs of using new technology in those old fields. We still import most of our stuff from Canada and Chavezland.
Gas prices must be viewed as a global commodity issue. We have limited refinery capacity. If someone shows up with a pile of dollars and bids up the commodity, it goes out the door and onto a ship that leaves the country. The US is exporting distillates because of this, and reduces what goes into the gas station distribution pipeline. Price goes up.
Anywho, it will get worse. Obama is spouting a populace theme of reducing the oil subsidies, which actually is an incentive program to drill and produce domestically. Watch what happens if that happens.
Big oil. Ha! Big consumers and Big government.
Bam bam and his merry band of thugs is attempting to deflect what those tax breaks are about. By giving the industry these breaks it helps to produce oil and at the same time does help hold down costs somewhat at the pump. Without them the industry will be forced to raise prices for exploration and extraction.
Remember this, "they can build new coal plants but my policies will bankrupt them, and "under my policies fuel costs will be 7 dollars a gal" brought to you by the posic.
Le Mans Master
Joined: Sep 2010
Posts: 5,520
Likes: 5
From: Long Island NY
Just filled up the Vette with 93 and paid $4.27 gal here on Long Island. Cost me a little over $60.00 to fill it up. I remember the days when I had a C4 back in the 80's where $20.00 would fill up the Vette from just about empty. I can't wait to see how much it will be in July!
Racer
Joined: Aug 2010
Posts: 469
Likes: 1
From: Heath Texas
The refineries are engineered for "Light Sweet crude" and we buy very little crude oil from the Middle East anymore. So the refineries are calibrated for the light sweet crude but we buy a lot of Canadian oil sands, which the famous Keystone transcontinental pipeline would addressed, but the Obama administration nixed that project, so we are going to have the same situation again, we don't have enough refining space for the newer heavy crude.
This is the time of year the other refineries shut down to do the switch over to summer blends. Perfect storm on gas prices.
However, I'm not totally ruling out downstream retailers (local Apu Nahasapeemapetilon franchise gas stations) of price gouging. Just shop wisely, and he'll lower the price. Eh, but then again, he'll just raise the price of the squishee or bags of chips.
Racer
Joined: Aug 2010
Posts: 469
Likes: 1
From: Heath Texas
Also, Secretary of Energy Steven Chu has openly advocated for the government to tax gasoline to be more like Europe. Maximize efficiency and force people to live closer to their work. This is a social re-urbanization tool to stop the spread of communities.
Me, I'll just fill up the Z, get on the tollway to work, cruise control, and get 28 - 30 mpg.
Me, I'll just fill up the Z, get on the tollway to work, cruise control, and get 28 - 30 mpg.
Team Owner
Joined: Jan 2009
Posts: 73,568
Likes: 33
From: Somewhere in Mo
St. Jude Donor '09-'10, '14
Also, Secretary of Energy Steven Chu has openly advocated for the government to tax gasoline to be more like Europe. Maximize efficiency and force people to live closer to their work. This is a social re-urbanization tool to stop the spread of communities.
Me, I'll just fill up the Z, get on the tollway to work, cruise control, and get 28 - 30 mpg.
Me, I'll just fill up the Z, get on the tollway to work, cruise control, and get 28 - 30 mpg.
cesssna10
Joined: Feb 2011
Posts: 1,391
Likes: 47
From: Big Canoe Ga
First step is to vote this idiot out of the white house
We have more oil in this country than the entire
middle east, if the a hole would only allow us to drill
for it, but he likes pumping millions into green energy
companies who after taking taxpayer money go bankrupt
We have more oil in this country than the entire
middle east, if the a hole would only allow us to drill
for it, but he likes pumping millions into green energy
companies who after taking taxpayer money go bankrupt
Racer
Joined: Aug 2010
Posts: 469
Likes: 1
From: Heath Texas
In the Middle East, stick a pipe in the ground in Saudi Arabia, and oil spurts out. While they are nearing peak production, they still have high pressure wells (first recovery). Not uncommon to hit 10,000 barrels a day. Aramco guys shut in wells that fall below 1,000 barrels a day. Totally different scene there verses the U.S.
We do have more coal. Shale oil is super plentiful, but subject to high water needs and fracturing technology. Both of which are under fire from the tree huggers.
Racer
Joined: Aug 2010
Posts: 469
Likes: 1
From: Heath Texas
Good point. Still some good land prospects there, but you might kill an elk herd.
Now, offshore in the Artic...............yes. Sensitive areas and climate that require new technology for extraction. That could be VERY promising.
We just don't have the access to oil reserves like the Saudis.
Now, offshore in the Artic...............yes. Sensitive areas and climate that require new technology for extraction. That could be VERY promising.
We just don't have the access to oil reserves like the Saudis.
Last edited by Evil Oil Apologist; Mar 3, 2012 at 03:58 PM.
Drifting
Joined: Apr 2008
Posts: 1,283
Likes: 1
From: Eureka California
$4.59.9 here in Eureka, CA. That's 92 octane at the Chevron where I always fill at. It'll be five bucks by summer, I'm sure. My Expedition about kills me when I have to fill it up. Thank goodness for COSTCO on that one.It gets the cheap stuff!
Burning Brakes
Joined: Feb 2006
Posts: 1,223
Likes: 4
From: Regina Saskatchewan
The days of us having any ***** have long passed us by. It's turned into, give me this give me that, you can have your liberty back.Now that Canada is going to build the second leg of the pipeline we can forget about ever having lower gas than the rest of the country again. They are purposely attempting to take oil from the midwest to refine to sell to china. And we know the posic won't allow more drilling to make up for it.
Race Director
Joined: Aug 1999
Posts: 11,117
Likes: 671
From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
Oil Vs. Coal and Natural gas.
Right on your first point. The second, uh not quite right. We are into secondary and tertiary recovery to squeeze out the remaining oil in the reservoirs. Offshore is different, but the administration has applied breaks on that one.
In the Middle East, stick a pipe in the ground in Saudi Arabia, and oil spurts out. While they are nearing peak production, they still have high pressure wells (first recovery). Not uncommon to hit 10,000 barrels a day. Aramco guys shut in wells that fall below 1,000 barrels a day. Totally different scene there verses the U.S.
We do have more coal. Shale oil is super plentiful, but subject to high water needs and fracturing technology. Both of which are under fire from the tree huggers.
In the Middle East, stick a pipe in the ground in Saudi Arabia, and oil spurts out. While they are nearing peak production, they still have high pressure wells (first recovery). Not uncommon to hit 10,000 barrels a day. Aramco guys shut in wells that fall below 1,000 barrels a day. Totally different scene there verses the U.S.
We do have more coal. Shale oil is super plentiful, but subject to high water needs and fracturing technology. Both of which are under fire from the tree huggers.
Also, Secretary of Energy Steven Chu has openly advocated for the government to tax gasoline to be more like Europe. Maximize efficiency and force people to live closer to their work. This is a social re-urbanization tool to stop the spread of communities.
Well I not too sure about migrating the herds of folks who have moved out of cities to avoid simple things like being able to park your car and it still being there once your done you business. Or taking a walk with your sweetheart along the riverfront and not being held up by the roving dogs / Urban dwellers-youths.
But we do have in this country two very exciting elements, 1. we have more coal than Saudi Arabia has, had or ever will have oil. Likewise goes for 2. natural gas. If, if we wanted to lower the price of gasoline, then a very worthwhile project would be the conversion of literally all commonly used government, both federal and local vehicles like postal jeeps, senior citizens buses, school buses, dog catchers,meter readers, trash trucks and everything motor-wised pertaining to a county or Township onto Natural Gas. These vehicles rarely go more than 50 miles a day and you can fill a Natural gas powered car or truck for a week with natural Gas. Up front costs are low and we could literally never have to worry about not having enough gas to power them.
Of course Police cars would be exempt, and start selling or giving great incentives to sell cars like the Chevy Cruze and the Fiat 500 as well as the Nissan Leaf and the Chevy Volt and the other electric cars en-mass to city folks. Once again they drive less then a 100 miles per day and could refill with Natural gas or electricity once or twice a week or two. These are just two ways to put folks back to work, Blue collor not white color jobs back to the group of people who've been bypassed by any good jobs for the last 30 years. Build em here fuel them here and not pay a penny to any other country for squat !
But then I'm also a big union backer and for gods sake, can we legalize marijuana and petty criminals & clean out our jails or at least "Out-source Prisons" ? Hell there a hundreds of countries, and many in what use to be the Russian empire, countries who could staff them after we build them and the real hardcore criminals would be in Siberia for their prison term. And even if they escaped, they aren't going to last long in that environment !