So why is oil over $120 per barrel?

[Skipper the cigar aFISHinodo]

What's your ideas?

What have you heard?

 

[US_Tank]

How about simple economics?  Supply versus Demand!  Let's try too many regulations on blends of gas.  This puts a strain on our limited refinery supply as it is. 

Every time a new refinery takes steps for construction it gets bogged down in litigation.  Thus we have limited refinery capacity.  My uncle works in a refinery in ND and he states that maintenance is also one of the biggest culprits to capacity.

We also need to drill offshore and drill ANWAR.

[US_Tank]

Oh yeah, and we can also blame the boys bidding up the futures market.

[US_Tank]

And we can blame OPEC.  Did you know that I heard from a buddy yesterday?  He stated that they price per gallon for gas in Saudi Arabia when he was there last week went up from  .45/gallon to .48/gallon. 

[ashman]

At this point who would mind if we started drilling in Alaska?  I say drill away.

[US_Tank]

Ditto!

[Skipper the cigar aFISHinodo]

interesting... You all put the blame on the US either directly or indirectly.

How's this....

The 2 most populous places on the planet are India and China. Both nations have been incredibly backwards until a few years ago. China's consumption of fossil fuels had them listed around number 18 and lower on the list for many many years. China is now #2 behind the US. India is experiencing propserity now (with all the US jobs going there). Where once people used bicycles and walked and road oxen they now have cars, airconditioning and heat. India is ranked 7th from 29th.

And China and India are just getting started.

Is this my opinion? It may be now, but I heard this on a world economy briefing recently.

[ashman]

interesting... You all put the blame on the US either directly or indirectly.

 

I don't necessarily blame the U.S. for the problem, but I think it is our responsibility to do something about it.  This country is going to have to do something.  Gas prices that are $4+ a gallon is crazy.   

[Skipper the cigar aFISHinodo]

interesting... You all put the blame on the US either directly or indirectly.

 

I don't necessarily blame the U.S. for the problem, but I think it is our responsibility to do something about it.  This country is going to have to do something.  Gas prices that are $4+ a gallon is crazy.   

i meant tank obviously

I dont think we can do anything about the price at this point. Demand is way up and the supply is finite.

We need an alternative.

 

It's important to realize all we get from oil is the energy the plants absorbed from the sun. No magic here. It's all from the sun. The energy we get form the foods we eat, the oil we burn, alcohol, everything. There are alternatives.

[Parkster]

[user=357]ashman[/user] wrote:

interesting... You all put the blame on the US either directly or indirectly.

 

I don't necessarily blame the U.S. for the problem, but I think it is our responsibility to do something about it.  This country is going to have to do something.  Gas prices that are $4+ a gallon is crazy.   

Try $12 a gallon ............. 1.19GBP per litre in the UK at the moment. Try running a 5.2ltr V8 truck at those prices.

Makes me piss blood to think we actually pump the stuff out of the North Sea and we pay more per litre than ANY other country in the world.

Fuck the Arabs who want to keep the price high .......... let them feed their kids crude oil, I'm all for coming to work in Alaska, the Gulf of Mexico and anywhere else that is civilised compared to the corrupt shit holes I have to work in at present. If the USA started pumping oil from Alaska, the price would plummet to between 60 and 80 bucks a barrel. It is artificially high at present .......... helps to keep the war going, helps to keep emptying the American coffers as a result of the war and the USA need for fuel, helps to line the pockets of the corrupt ass wipes around the world who seem to be lucky enough to live on top of an oil well (ps, Angola's presidenti, owns more land than anybody else in the world ...... its all in Brazil ....... )

The Arabs dont need to send suicide bombers to the west now. They just need to keep inflating the price of a barrel of oil and we will keep heading down the road to bankrupt ourselves ................ slowly but surely they are strangling us.

Oh, by the way ........ there is news of an OPEC style future for the price of rice just around the corner. (China and India are responsible for the suggestion Skipper, so you are not a million miles away with your thoughts)

So, when we cant heat our homes, and cant fuel our cars, it wont matter, because by then we cant afford to eat rice as it will cost the same as oil for a kilo bag



Sorry for the rant guys, I'm just home after a 36hr journey that includes a rush through the jungle to avoid Cabindan Liberation rebels, a diverted flight to avoid pissing off the Congalize, Angolan officials (Police and Immigration) who want DOLLA!!!!! you give me DOLLA!!!!, French customs and immigration who want to spit on you (if the look on their face is any meter to read) and then my own countries border guards who revel in shouting at me because my mobile phone rang while I waited in the line with the rest of the world because we are afraid to offend non-British passport holders by making them stand in a seperate line.


Its good to be home .......... now pass me my gun and a cigar and show me the nearest Arab prince ........... I wanna see how far he can run in that dishdash.