Fuck gas prices...
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reshalghoul;219781 wrote:
Still waiting for proof. I'll be happy to read it. Wasn't there a shortage of diesel fuel in ND last year?http://www.financialsense.com/editorials/engdahl/2008/0502.html
yes, there was a shortage in diesel in ND last year....but only in ND. MN and MT seemed to have plenty.
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We still haven't hit the same level of price inflation as they experienced in the 70's...
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They are definitely part of the problem, but not the full cause of the spike in prices. Other countries have not seen the gas hikes that the US has...or at least not proportionally the same.
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tjamz;219818 wrote:
They are definitely part of the problem, but not the full cause of the spike in prices. Other countries have not seen the gas hikes that the US has...or at least not proportionally the same.They are a bigger problem than you think....
China and India – two fast-growing giants – are increasingly affecting global markets and the global commons. Indeed, the two countries account for 37.5 percent of world population and 6.4 percent of the value of world output and income at current prices and exchange rates.
The United States has about 5% of the world population I believe. China and India are going to have a lot more market pull than the United States. Demand will keep rising as those countries catch up with the Jones'. OPEC will limit their supply and the price of a barrel of gas will continue to rise. This isnt just an issue about the poor United States and their outdated refineries not being able to keep up with our supply or the weak dollar.
Anyways here is a good article about energy and gas prices in the Wall Street Journal.
http://online.wsj.com/article/SB121139527250011387.html?mod=hpp_us_whats_news
...and another article saying $4.00 gas is a GOOD deal.
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SmitEvo;219775 wrote:
We still pay half of what Europe pays for a gallon of gas....it will hit at least $4.00 a gallon this summer.And our tax system is completely different so comparing our fuel prices to the fuel prices in Europe is like comparing a cargo van to a Supra.
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http://www.guardian.co.uk/business/2008/may/22/oil.bubble.economics
The oil prices will coming down when the bubble pops. Housing market anyone?
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MisterCMK;219824 wrote:
http://www.guardian.co.uk/business/2008/may/22/oil.bubble.economicsThe oil prices will coming down when the bubble pops. Housing market anyone?
Decreasing to what? We will never see sub $3.00 gas again.
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MisterCMK;219823 wrote:
And our tax system is completely different so comparing our fuel prices to the fuel prices in Europe is like comparing a cargo van to a Supra.Lol....wow. Your an idiot. I guess since they pay "higher taxes" they do not buy gasoline. That would be comparing apples to oranges I guess. :icon_scratch:s Maybe thats why they are more fuel efficient over there and dont buy gas guzzlers. Probably use more basic transportation like walking or biking. Perhaps thats a good reason why they aren't as fat in Europe compared to "Fat America". Either way they pay "more" for a gallon of gas than we do. Again, we do not have it so bad here do we...
European Comparision of gas prices.
What if gas cost $10 a gallon?
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/WhatIfGasCost10DollarsAGallon.aspx -
StangerBanger96;219815 wrote:
We still haven't hit the same level of price inflation as they experienced in the 70's...When adjusted for inflation, we pay more per barrel now than they ever did back then.
http://www.nytimes.com/2008/03/03/business/worldbusiness/03cnd-oil.html?hp -
SmitEvo;219839 wrote:
Lol....wow. Your an idiot. I guess since they pay "higher taxes" they do not buy gasoline. That would be comparing apples to oranges I guess. :icon_scratch:s Maybe thats why they are more fuel efficient over there and dont buy gas guzzlers. Probably use more basic transportation like walking or biking. Perhaps thats a good reason why they aren't as fat in Europe compared to "Fat America". Either way they pay "more" for a gallon of gas than we do. Again, we do not have it so bad here do we...European Comparision of gas prices.
What if gas cost $10 a gallon?
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/WhatIfGasCost10DollarsAGallon.aspxNow now, is the name calling really needed? The tax systems are different between the USA and Europe as is the infrastructure there. The taxes on fuel here generally goes to roads and transportation. In Europe, fuel taxes are used more for general revenue. This means that one cannot simply say that we are getting a good deal on fuel by comparing the price at the pump without digging deeper. Bottom line is that the tax structure is different and you can't directly compare them simply by looking at price.
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MisterCMK;219855 wrote:
Now now, is the name calling really needed? The tax systems are different between the USA and Europe as is the infrastructure there. The taxes on fuel here generally goes to roads and transportation. In Europe, fuel taxes are used more for general revenue. This means that one cannot simply say that we are getting a good deal on fuel by comparing the price at the pump without digging deeper. Bottom line is that the tax structure is different and you can't directly compare them simply by looking at price.Excuse my name calling...but if you were to fly to Europe right now and buy gas. How much would you be paying? Which would be the better deal for you? US or Europe? Taxes ARE part of the price of gas.
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bottom line is, gas is gonna suck to buy until someone can sneak by the oil companies and start mass producing hydrogen powered vehicles.
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^^^ The FCX is very tits, but an all electric vehicle would be better I believe (although I'm not an engineer). Electrolysis is energy intensive. Then you have to compress and store the hydrogen in order to burn it. Thermodynamics would suggest a simpler way would be to directly power a vehicle through electricity. I'm sure hydrogen fuel cells have numerous advantages of their own, which is why both should be used instead of relying on just one technology.
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Anyone can attempt to rationalize the run-up in oil prices through various cockameme scenarios. In the end, however, the fact that abiotic oil theory was disproved decades ago suggests that a supply/demand equilibrium will be reached, and, in fact, we will have to stop using oil at some point because it will simply become too expensive.
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Ok...just my random thought here (again). Bush went to OPEC and asked for more oil to be released. They said that they are meeting the current DEMAND so they will not increase the SUPPLY. So, if the SUPPLY=DEMAND then the only thing that could be running the prices up is the weakened dollar and speculation on the commodity markets.
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It would be in OPEC's interest to keep the oil price high, be it through artificial witholding or the fact they're pumping flat out. Track the tanker frequency if you want a clear picture, as most OPEC states do not allow outside oil reserve review, especially Saudi Aramco. Regardless, you realize we get most of our imported oil from Canada, Mexico, then Saudi Arabia right? The U.S. still produces a lot of her oil.
http://www.youtube.com/watch?v=IWGsnW_NnxE
http://www.youtube.com/watch?v=3sPDNR2YS3s
^^^Good videos.
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