you all better go fill your gas tanks...
Super Member
Joined: May 2009
Posts: 1,466
From: Auckland New Zealand
Thread Starter
|
Banned for childishly attempting to delete all his posts
Joined: Sep 2008
Posts: 283
well, it looks like this was all the doing of the speculators and other pond scum again. US government tipped their wagon over though...lol...
"Crude oil fell in New York, snapping 10 days of gains, on concern the rally is unsustainable after a U.S. government report yesterday showed an unexpected increase in stockpiles. "
http://www.bloomberg.com/apps/news?p...d=aOJqNTd1tKwg
"Crude oil fell in New York, snapping 10 days of gains, on concern the rally is unsustainable after a U.S. government report yesterday showed an unexpected increase in stockpiles. "
http://www.bloomberg.com/apps/news?p...d=aOJqNTd1tKwg
Junior Member
Joined: Aug 2009
Posts: 266
From: Boise, Idaho
This is one of those rare times when I wish I wasn't right, this is going to hurt. This is why I view cafe standards as a joke. The fed needs revenue and tax dollars anyway they can get it plus not just the oil company's but their investors constantly crave record profits (speculators, trust funds). But then again most of us allready know all of this. I think that we (the us) should drill for oil, it won't solve the problem but in the long run if we don't somebody else will (infact it's allready happening). I really don't know why I mentioned all of this because I don't want to get overly political on this site nor am I wanting to start any arguements. Still I guess I felt the need to state the obvious.
Banned
Joined: Oct 2009
Posts: 145
This is one of those rare times when I wish I wasn't right, this is going to hurt. This is why I view cafe standards as a joke. The fed needs revenue and tax dollars anyway they can get it plus not just the oil company's but their investors constantly crave record profits (speculators, trust funds). But then again most of us allready know all of this. I think that we (the us) should drill for oil, it won't solve the problem but in the long run if we don't somebody else will (infact it's allready happening). I really don't know why I mentioned all of this because I don't want to get overly political on this site nor am I wanting to start any arguements. Still I guess I felt the need to state the obvious.
More of the price of oil is tax than you think! The government puts huge taxes on oil for several reasons. The most prominent are: 1. To get revenue the easy way. 2. To push the EPA's unconstitutional agenda. Also, speculators play a big part, but before you condemn big oil: In 2007 the oil companies only made 9 cents profit for every dollar of revenue. From '03 to '07, Exxon's profits increased 89%, but their taxes increased 170%. In '08, Exxon's taxes were $116.2 Billion, more than twice the net profit. Or about $318,000,000 per day in taxes.
Drilling here could get us off foreign oil and lower the cost of everything by making manufacturing, transporting and living cheaper. As the earth completely runs out of oil, it won't stop overnight, rather oil will be harder to find and the free market will develop cars that don't use it. This will happen long after everyone on this forum is dead. It would be a masochistic waste of time, energy and comfort to worry about that now.
I don't reject green energy in any way, but come on green energy is a long way off -- like it should be because we still have so much oil! Gov't forcing of a free market does nothing but produce CFL's and carbon sequestration (which could REALLY destroy the planet).
Yeah, I take this kind of stuff head on. Love it or hate it I won't censor it.
Regards and thank you for reading,
Thomas
Thanks tom, it's not that I'm afraid to speak up I simply didn't want to get overly political in this forum. But I will say that I agree with you.
Junior Member
Joined: Aug 2009
Posts: 266
From: Boise, Idaho
Damn! It's not even spring yet and gas just went up almost .15 a gallon. Just this week!! That means $2.65 per gallon x 20 gal = $53.00 to fill up! Now 20 gal x 16 mpg = 320 miles per tank and plus or minus a few miles to account for freeway. Not too bad could be worse, (the mileage).
Junior Member
Joined: Aug 2009
Posts: 266
From: Boise, Idaho
The fact the the US imports oil despite having oil is simply beyond my reasoning skills. Yes alternative fuels is a good thing same with all electric, hydrogen, hho, all these are great. Kind of hard to put a positive spin or outlook on this whole thing aint it?
BF Veteran
Joined: Jul 2009
Posts: 2,229
From: Central Il
Lol... The professor in my Chem 112 class said something to this effect...
"Some day, you will be sitting around with your children, talking about cars. They will only know about the electric hybrids and you will go on to tell them that you once owned a car where you could leave tire marks on the ground and it was powered by gas."
Same guy also told us that we could run our motors on pure alcohol (roughly) and have no problems... ASsuming the fuel lines wouldnt corrode and you changed your fuel filter every 20 miles for the first 400 miles ish... lol
"Some day, you will be sitting around with your children, talking about cars. They will only know about the electric hybrids and you will go on to tell them that you once owned a car where you could leave tire marks on the ground and it was powered by gas."
Same guy also told us that we could run our motors on pure alcohol (roughly) and have no problems... ASsuming the fuel lines wouldnt corrode and you changed your fuel filter every 20 miles for the first 400 miles ish... lol