Be ready for over $6 / gallon.
05-26-2008, 07:37 PM
#21
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Originally Posted by cosmosblau' post='588866' date='May 26 2008, 10:06 PM
When Bush took office in 2001,
gas was $1.46
gas was $1.46
05-26-2008, 07:43 PM
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with the price of oil fast approaching $200 a barrel think more along the lines over $7 a gallon.
and shit, at this rate, the possibility of $300 a barrel isn't that far off. so we're looking at what $12 a gallon.
and shit, at this rate, the possibility of $300 a barrel isn't that far off. so we're looking at what $12 a gallon.
05-26-2008, 07:47 PM
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05-26-2008, 07:50 PM
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Originally Posted by JetBlack5OC' post='588885' date='May 26 2008, 10:47 PM
You can't look at profit in terms of dollar amounts. You have to look at profit margin. Oil companies are making something like 8%, compared to companies like Microsoft and Google who are making 40% and 50% profit margin.
What we really need is new refineries, we haven't built a new refinery in the US in about ~30 years.
What we really need is new refineries, we haven't built a new refinery in the US in about ~30 years.
PREACH!!
05-26-2008, 08:03 PM
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Originally Posted by JetBlack5OC' post='588885' date='May 26 2008, 08:47 PM
You can't look at profit in terms of dollar amounts. You have to look at profit margin. Oil companies are making something like 8%, compared to companies like Microsoft and Google who are making 40% and 50% profit margin. What we really need is new refineries, we haven't built a new refinery in the US in about ~30 years.
No offense, but people who make remarks like this about Gas prices, really need educate themselves about the situation.
No offense, but people who make remarks like this about Gas prices, really need educate themselves about the situation.
05-26-2008, 08:05 PM
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05-26-2008, 08:09 PM
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Originally Posted by kscarrol' post='588855' date='May 26 2008, 09:41 PM
As do all the counties around Dallas that have benefited from the boom surrounding the Barnett Shale gas play. And half the folks in Texas, not just Bush. But it's OK if your friends benefit, or you from the money the state and county make to pay for schools and roads.
It is amazing what a poor grasp of economics and the commodity markets that Americans have. We bitch when prices are high and it hits our pockets directly, but no one shed a tear back in the 80's when literally tens of thousands of workers were laid off from oil companies. Can't have it both ways.
It is amazing what a poor grasp of economics and the commodity markets that Americans have. We bitch when prices are high and it hits our pockets directly, but no one shed a tear back in the 80's when literally tens of thousands of workers were laid off from oil companies. Can't have it both ways.
05-26-2008, 08:35 PM
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Somehow, I'm not entertained by all the arguements. I've been through tech boom and bust, and no analyzing the real estate boom and bust. While we all know that globalization has a lot to do with these "modern boom and bust," no one is really addressing the fundamental of economics.
We're all just complaining and justifying why and why not such is such. Any economic majors want to chime in and give us some possible historical parallel? Surely, this is not a completely new phenomenon.
05-26-2008, 08:51 PM
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American consumers are quite informative compared to others around the world.
1. How is it that they are "shock" at the current rate of price increases in oil? Did someone withheld some type of information?
2. Did other countries around the world such as China and India, to name a few, have increased their sustainable and rapid demands for oil that it caught the whole world off guard?
3. Did geologists, within a short period of time, figured that we have only so much years of fossil fuel resources at the current usage that it's started a "panic" a few years back?
4. This is a platform for the launch of the next "alternative energy boom?"
As you can see, I have more questions than answers. But if someone can answers some of these questions, hopefully, we can shed some light.
Now back to BMW gas gussler. If you can afford the gussler, then you can afford the gas.
1. How is it that they are "shock" at the current rate of price increases in oil? Did someone withheld some type of information?
2. Did other countries around the world such as China and India, to name a few, have increased their sustainable and rapid demands for oil that it caught the whole world off guard?
3. Did geologists, within a short period of time, figured that we have only so much years of fossil fuel resources at the current usage that it's started a "panic" a few years back?
4. This is a platform for the launch of the next "alternative energy boom?"
As you can see, I have more questions than answers.
But if someone can answers some of these questions, hopefully, we can shed some light.Now back to BMW gas gussler. If you can afford the gussler, then you can afford the gas.
05-27-2008, 03:05 AM
#30
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To some of you think it's okay to pay $6+, fine! but why being cheap to get DYI solution here from your other post?
To some of you think it's okay to pay $6+, you aren't cool because extra money to burn. You maybe beneficial from this gas war but you don't really have a life, since we all blogging on internet.
...so shup up and stop showing off! This topic is to "think" not to compare who has more $ in savings account.
We like alternative or creative ideas. I admire some good ideas like driving less but taking more public transportations, scootering, cycling, share ride or even on foot. Anymore good solutions?
To some of you think it's okay to pay $6+, you aren't cool because extra money to burn. You maybe beneficial from this gas war but you don't really have a life, since we all blogging on internet.
...so shup up and stop showing off! This topic is to "think" not to compare who has more $ in savings account.
We like alternative or creative ideas. I admire some good ideas like driving less but taking more public transportations, scootering, cycling, share ride or even on foot. Anymore good solutions?