Oil $180, gas $5.50

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Oil $180, gas $5.50

Postby mikeschn » Wed Apr 23, 2008 4:15 am

I saw this on moneycentral yesterday...

By Jim Jubak

Yikes! Oil at $117 a barrel. It has to go down from here, right?

Wrong. In the short term -- say, the next two years or so -- we're looking at bad news about global oil supply that could take the price of a barrel of crude to $180.

Needless to say, today's $3.50-a-gallon gasoline would look cheap if oil prices hit $180 a barrel. At that price for a barrel of oil, gasoline would cost somewhere north of $5.50 a gallon.
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Postby toypusher » Wed Apr 23, 2008 5:08 am

Thanks for cheering me up this morning!!! :(


:lol:
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Postby prohandyman » Wed Apr 23, 2008 5:59 am

Yea, Mike. I think I will walk to work! :cry:
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Postby halfdome, Danny » Wed Apr 23, 2008 8:45 am

prohandyman wrote:Yea, Mike. I think I will walk to work! :cry:

:thumbsup: That's one of the benefits of working at home :thumbsup: Danny
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Postby volfanatic72 » Wed Apr 23, 2008 10:07 am

You sure know how to bring a guy down!!! :thumbdown: to the oil companies and OPEC!!!
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Postby Joseph » Wed Apr 23, 2008 10:53 am

volfanatic72 wrote::thumbdown: to the oil companies and OPEC!!!

How about :thumbdown: :thumbdown: :thumbdown: to the politicians who won't let us drill for our own oil or build the refineries to make more gas?!!

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Postby Oregonian » Wed Apr 23, 2008 5:48 pm

We don't need more gas, we need an alternative :thinking:
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Postby mikeschn » Wed Apr 23, 2008 6:31 pm

sorry about that guys... I'll try to focus more on teardrops...

Mike...
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Postby Joseph » Wed Apr 23, 2008 6:43 pm

Oregonian wrote:We don't need more gas, we need an alternative :thinking:

Eventually, that's true. This can't go on forever. But for the moment, we need more gas. I have a teardrop and a Serro Scotty that I need to move to Missouri.

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Postby caseydog » Wed Apr 23, 2008 6:55 pm

Joseph wrote:
volfanatic72 wrote::thumbdown: to the oil companies and OPEC!!!

How about :thumbdown: :thumbdown: :thumbdown: to the politicians who won't let us drill for our own oil or build the refineries to make more gas?!!

Joseph


Nah, building refineries cuts into quarterly earnings, which is how the CEOs make their millions. And, up until recently, there was no profit in drilling for oil here, when you can buy it in the Middle East for a lot less than you could drill for it here.

The CEOs of most oil companies still don't want to invest in domestic exploration and refining, because they are going to retire in the next five to ten years, and want to make as much as they can before they leave. Investment in new supplies or infrastructure cuts into their bonus money. How is a man supposed to retire on a measly two or three-hundred million bucks?

Some folks are so quick to blame government and regulations, that they completely overlook the most basic of rules -- if you want to know the truth, follow the money.

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Postby BPFox » Wed Apr 23, 2008 7:26 pm

Looks like it's time to add more batteries to the rig so it can power the tow vehicle as well. :)
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Postby Claw » Wed Apr 23, 2008 9:20 pm

I say go camping now the price of gas is cheap! ;)
When I went to Glacier NP a few years back I thought I was getting ripped at $1.75/gal. I'll save gas money when I am too old to go anywhere and enjoy myself.
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Postby Elumia » Wed Apr 23, 2008 11:25 pm

Heck, it's almost cheaper to fly! I just booked tickets for July that were $265 each for a 2800 mile trip (each way). So if my car gets 25 mpg, thats 112 gallons of gas. 112 gallons at $4.00 = $448. No wonder the airlines are going broke!

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Postby bobhenry » Thu Apr 24, 2008 4:35 am

Oregonian wrote:We don't need more gas, we need an alternative :thinking:


Look up "Brown's gas". Or how about "on board hydrogen generation". Or look on" Himac.com" for the 100 MPG carburator. Rex research will open your eyes a bit also. If you really want to get pissed look at what happened to several of the inventors of these ideas Paul Patrone inventor of the GEETS system of fuel cracking is incarcerated in a mental hospital. Stan Meyers poisoned. Tom Ogle killed under mysterious circumstances and the list goes on and on. Big oil is going to make sure we wait till the last drop of oil is gone before they loosen their strangle hold on our wallet.
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Postby Joseph » Thu Apr 24, 2008 1:17 pm

bobhenry wrote:Look up "Brown's gas". Or how about "on board hydrogen generation". Or look on" Himac.com" for the 100 MPG carburator. Rex research will open your eyes a bit also. If you really want to get pissed look at what happened to several of the inventors of these ideas Paul Patrone inventor of the GEETS system of fuel cracking is incarcerated in a mental hospital. Stan Meyers poisoned. Tom Ogle killed under mysterious circumstances and the list goes on and on. Big oil is going to make sure we wait till the last drop of oil is gone before they loosen their strangle hold on our wallet.

Excuse me a moment. (Adjusts hat to make sure tin foil is securely in place.)

OMG, BIG OIL in a conspiracy with the GOVERNMENT?!!

Does George Noory know about this?

[sarcasm off]

IMHO, the government is NOT sufficiently competent to pull off any kind of conspiracy. Sheesh... :crazy:

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