Rob Faddis Posted June 4, 2008 Posted June 4, 2008 Not that I like the oil situation better then any of you, but I always try to find a way to me put things into prospective. Helps keep me from going postal. The press rarely mentions the fact that the whole world (except OPEC nations they pay $ .50/Gl.) is being held hostage by OPEC. Here's a list of what other countries pay for gas. It could be worse! Country/Territory    US$/gal Australia       5.60 Bahrain (Manama)    1.02 Belgium (Brussels)    8.44 Brazil (São Paulo)    6.02 Canada       5.07 Chile       4.81 China       2.80 Colombia       4.05 Croatia       7.38 Cyprus       6.17 Denmark (Copenhagen)9.31 Dominican Republic    5.72 Egypt (Cairo)    1.21 Eritrea       9.58 Estonia       6.62 Finland       8.90 France       8.06 Germany       8.74 Greece       7.38 Guatemala       7.38 Honduras       4.05 Hong Kong       7.56 Hungary       7.51 Iceland       8.06 India (Bangalore)    4.09 Indonesia       2.46 Iran       0.42 Israel       7.95 Italy       8.78 Japan       5.83 Kuwait (Kuwait City)    0.79 Malaysia       3.18 Mexico (Mexico City)    2.35 Monaco       8.33 Netherlands    9.73 New Zealand    6.13 Nigeria (Lagos)    0.38 North Korea    2.69 Norway (Oslo)    10.03 Pakistan       4.01 Philippines (Cebu)    4.62 Poland (Krakow)    7.72 Portugal       8.90 Qatar (Doha)    0.83 Romania (Bucharest)    6.74 Russia (Moscow)    3.79 Saudi Arabia (Riyadh)    0.45 Sierra Leone    18.43 Singapore       6.06 Slovenia       6.93 South Africa    4.66 South Korea    7.38 Spain (Madrid)    7.34 Sweden       8.71 Switzerland (Zurich)    7.12 Thailand       4.47 Trinidad and Tobago    1.82 Turkey       10.14 Turkmenistan    0.30 UAE       1.40 Ukraine       5.03 United Kingdom    8.56 United States    3.97 Uruguay (Montevideo)    6.06 Venezuela (Caracas)    0.19 Quote
CFFF 1.5 Posted June 4, 2008 Posted June 4, 2008 We should all move to venezuela it is only 19 cents a gallon there. Â Quote
Rob Faddis Posted June 4, 2008 Posted June 4, 2008 Yea, if you want to live under a murdering communist dictator. Heck, you risk your life to even go Peacock fishing there anymore. Quote
Super User roadwarrior Posted June 4, 2008 Author Super User Posted June 4, 2008 Close 4:00 CDT NYM WTI Â -$2.16 @ $122.15 Quote
Brian_Reeves Posted June 4, 2008 Posted June 4, 2008 How long would it take for it to show up at the pump??? Â it ain't budged in a week. Quote
jasone Posted June 4, 2008 Posted June 4, 2008 You guys need to quit taking the blue pill. Search Hubbert's Peak on the net or rent Crude Awakening. Â Oil prices per barrel from 1947 to 2000 stayed at roughly $20 per barrel. Â Thats right!! 20 bucks!! Since 2000, the price of oil has increased 6 fold. Â Has anyone's salary here increased by that factor? Â The fact is, OPEC continues to lie about how much oil is left so they falsely inflate what they are allowed to produce. Â When oil barrel prices hit $200 then this society we live in will collapse. Â General Motors (second largest auto manufacturer in the world) is closing four plants at $120 per barrel. Â At $200 a barrel we start going hungry. The "Green Revolution" allowed food production at unparalleled speed and efficiency and our population count is built on that. Â That revolution is fueled by oil. Â Oil provides the gas that powers the equipment, petrochemicals are almost solely responsible for the fertilizer and pesticides that are used. Â I've read a study that says for every calorie of food you eat, you are consuming 10 calories of petroleum. Â Now that is scary. So enjoy $120 oil while you can and thank god you know how to fish. I'll put down my "end is nigh" sign now. J Quote
Super User Micro Posted June 4, 2008 Super User Posted June 4, 2008 We'd have the largest oil field in the world on our own soil. We have that now with the Colorado and Wyoming oil shale deposits holding some 1+ trillion barrels of oil - five time the amount of Saudi Arabia's reserves. Â Oil had to reach $100+ per barrel before extraction and refinement was cost effective. Â That has happened, and Shell has developed a way to get it out of the ground rather easily. Â While we may never see $2/gallon gas again, it very well could be that one day the the United States will be the largest oil producer in the world and countries will look to us for crude. Â Quote
Super User Micro Posted June 4, 2008 Super User Posted June 4, 2008 ...................and let's not forget the most important thing in the whole world made from petroleum................ Plastic worms!!! LOL (sorry; too big of an opening to pass up.) ;D Sometimes we lose focus of what's important. Â You're right. Â Quote
Super User 5bass Posted June 5, 2008 Super User Posted June 5, 2008 Not that I like the oil situation better then any of you, but I always try to find a way to me put things into prospective. Helps keep me from going postal. The press rarely mentions the fact that the whole world (except OPEC nations they pay $ .50/Gl.) is being held hostage by OPEC. Here's a list of what other countries pay for gas. It could be worse! Country/Territory    US$/gal Australia       5.60 Bahrain (Manama)    1.02 Belgium (Brussels)    8.44 Brazil (São Paulo)    6.02 Canada       5.07 Chile       4.81 China       2.80 Colombia       4.05 Croatia       7.38 Cyprus       6.17 Denmark (Copenhagen)9.31 Dominican Republic    5.72 Egypt (Cairo)    1.21 Eritrea       9.58 Estonia       6.62 Finland       8.90 France       8.06 Germany       8.74 Greece       7.38 Guatemala       7.38 Honduras       4.05 Hong Kong       7.56 Hungary       7.51 Iceland       8.06 India (Bangalore)    4.09 Indonesia       2.46 Iran       0.42 Israel       7.95 Italy       8.78 Japan       5.83 Kuwait (Kuwait City)    0.79 Malaysia       3.18 Mexico (Mexico City)    2.35 Monaco       8.33 Netherlands    9.73 New Zealand    6.13 Nigeria (Lagos)    0.38 North Korea    2.69 Norway (Oslo)    10.03 Pakistan       4.01 Philippines (Cebu)    4.62 Poland (Krakow)    7.72 Portugal       8.90 Qatar (Doha)    0.83 Romania (Bucharest)    6.74 Russia (Moscow)    3.79 Saudi Arabia (Riyadh)    0.45 Sierra Leone    18.43 Singapore       6.06 Slovenia       6.93 South Africa    4.66 South Korea    7.38 Spain (Madrid)    7.34 Sweden       8.71 Switzerland (Zurich)    7.12 Thailand       4.47 Trinidad and Tobago    1.82 Turkey       10.14 Turkmenistan    0.30 UAE       1.40 Ukraine       5.03 United Kingdom    8.56 United States    3.97 Uruguay (Montevideo)    6.06 Venezuela (Caracas)    0.19 I heard this brought up on the radio the other day and I had the same feeling then as I do now.....I do not care what other countries are paying for gas. I live in the U.S. and what people in other countries pay for gas has no bearing on my life or wallet. I'm tired of hearing that it could be worse because of what other countries are paying. Gas where I live is at or over $4 a gallon, how much worse could it be really? And instead of saying "it could be worse" all the time, we Americans, who live in the "greatest country in world" should be saying, "why aren't things getting better"? With oil ending cheaper than what it has been in recent weeks, why isn't the price dropping at the pump? Lord knows that the first time a weatherman in the Gulf predicts 20mph winds or a lightbulb at the refinery goes out, the price will shoot up 20 cents in less than an hour. I just don't get it. Crooks! Quote
Super User roadwarrior Posted June 5, 2008 Author Super User Posted June 5, 2008 We'd have the largest oil field in the world on our own soil. We have that now with the Colorado and Wyoming oil shale deposits holding some 1+ trillion barrels of oil - five time the amount of Saudi Arabia's reserves. Oil had to reach $100+ per barrel before extraction and refinement was cost effective. That has happened, and Shell has developed a way to get it out of the ground rather easily. While we may never see $2/gallon gas again, it very well could be that one day the the United States will be the largest oil producer in the world and countries will look to us for crude. There is no shortage of hydrocarbons, it's all about "delivery". So, let's start delivering! > Quote
Brian_Reeves Posted June 5, 2008 Posted June 5, 2008 We'd have the largest oil field in the world on our own soil. We have that now with the Colorado and Wyoming oil shale deposits holding some 1+ trillion barrels of oil - five time the amount of Saudi Arabia's reserves. Oil had to reach $100+ per barrel before extraction and refinement was cost effective. That has happened, and Shell has developed a way to get it out of the ground rather easily. While we may never see $2/gallon gas again, it very well could be that one day the the United States will be the largest oil producer in the world and countries will look to us for crude. If the US becomes the world's oil supply...well the rest of the world better hope they don't ask me about what the price for export should be... 9000 dollars a barrel for AMERICAN CRUDE OPEC AFFILIATED COUNTRIES!!!!! Quote
moby bass Posted June 5, 2008 Posted June 5, 2008 I'm with five.bass.limit. Â The U.S. isn't any of those other countries. Â We have states that are bigger than some of those countries. Â Our infra-structure is vastly different. This is, was, and always will be the greatest country on earth, so let's quit making oil a dirty word, and get back to making this country grow. Â I think Brian's price to OPEC countries for American crude is a little high. I'd knock about $10 off that price. That'd be about right. Â Quote
CFFF 1.5 Posted June 5, 2008 Posted June 5, 2008 You guys need to quit taking the blue pill. Search Hubbert's Peak on the net or rent Crude Awakening. Oil prices per barrel from 1947 to 2000 stayed at roughly $20 per barrel. Thats right!! 20 bucks!! Since 2000, the price of oil has increased 6 fold. Has anyone's salary here increased by that factor? The fact is, OPEC continues to lie about how much oil is left so they falsely inflate what they are allowed to produce. When oil barrel prices hit $200 then this society we live in will collapse. General Motors (second largest auto manufacturer in the world) is closing four plants at $120 per barrel. At $200 a barrel we start going hungry. The "Green Revolution" allowed food production at unparalleled speed and efficiency and our population count is built on that. That revolution is fueled by oil. Oil provides the gas that powers the equipment, petrochemicals are almost solely responsible for the fertilizer and pesticides that are used. I've read a study that says for every calorie of food you eat, you are consuming 10 calories of petroleum. Now that is scary. So enjoy $120 oil while you can and thank god you know how to fish. I'll put down my "end is nigh" sign now. J I see where you are coming from and no my paycheck hasn't increased 6 fold, but you could also look at it from the opposite end of the spectrum. In 1947 Oil was $20 per barrel, and a 13oz box of Kelloggs Corn Flakes cost 17 cents. Today a 12oz box of Kelloggs Corn Flakes cost $2.99. Â That is 17 times higher than the price in 1947. The real problem with the price of oil today is that the price didn't increase proportionately with the price of all other consumer products. If the price of oil had gradually increased since 1947 nobody would be talking about how high gas prices are today. I agree the prices are absolutely ridiculous how much the price has gone up just since I started driving 9 years ago. When I was 16 I could buy a gallon of gas for 99 cents. It has increased 4 times the price in 9 years. All I am saying is the price of gas should have increased gradually over time. It is really getting to us now because of how fast the price has increased. That is my two cents. I hate filling up for $100 but if I want a roof over my head I guess i'll have to suck it up and make sacrafices else where. Quote
Troutfisher Posted June 5, 2008 Posted June 5, 2008 Sierra Leone    18.43 Man, that is EXPENSIVE for gas.  Quote
tyrius. Posted June 5, 2008 Posted June 5, 2008 With oil ending cheaper than what it has been in recent weeks, why isn't the price dropping at the pump? Because the market price of unleaded gas is not dropping. Â Oil prices are only one portion of the total price of gas. Â It is a leading indicator, in that as the price of oil rises the price of gas typically follows and vice versa. Â However, it is just an indicator and not a driver. Â Unleaded gasoline is also traded on the NYMEX. Â If order to see what the retail price of gasoline is going to do you need to look there. Quote
Super User 5bass Posted June 5, 2008 Super User Posted June 5, 2008 With oil ending cheaper than what it has been in recent weeks, why isn't the price dropping at the pump? Because the market price of unleaded gas is not dropping. Oil prices are only one portion of the total price of gas. It is a leading indicator, in that as the price of oil rises the price of gas typically follows and vice versa. However, it is just an indicator and not a driver. Unleaded gasoline is also traded on the NYMEX. If order to see what the retail price of gasoline is going to do you need to look there. So you are saying that a barrels daily ending price, no matter higher or lower than the previous day, does not 100% make the pump price go up or down? Thats funny because in the past few weeks when the barrels were ending higher and breaking records daily, the pump price was going up daily also. Quote
Outdoorsman60 Posted June 5, 2008 Posted June 5, 2008 bush got denied from the saudi king he said a few months ago he said we should tap over here i was like gee your 7 1/2 years to late shoulda done it in the first year of being president... i wish gas was $1.33 again Quote
tyrius. Posted June 5, 2008 Posted June 5, 2008 So you are saying that a barrels daily ending price, no matter higher or lower than the previous day, does not 100% make the pump price go up or down? Thats funny because in the past few weeks when the barrels were ending higher and breaking records daily, the pump price was going up daily also. Yes, that is exactly what I am saying. Â It's a good thing too because on a percentage basis the price of a barrel of oil has risen SIGNIFICANTLY more than the price of a gallon of gas. As I said, the price of oil is a strong indicator of where the price of gas is going to go (oil is the biggest cost driver of gasoline). Quote
jasone Posted June 5, 2008 Posted June 5, 2008 bush got denied from the saudi king he said a few months ago he said we should tap over here i was like gee your 7 1/2 years to late shoulda done it in the first year of being president... i wish gas was $1.33 again First off, he did, just after 9/11 and about once a year after that, he tries to convince everyone but hey I'm not going to make this political. Â Lets just say that not everyone agrees. Â Despite what everyone thinks, the president is not all powerful. Â When something bad happens, the president is the scapegoat. Â When something good happens, we pat everyone on the back and call it partisan teamwork. Secondly, the Saudi king "said" he wouldn't lower oil prices. Â However, a week or two later and they are down more than $10. Â We held the weapons over their heads and to maintain the appearance of strength in the face of all those future terrorists over there (and for the record, 15 of the 19 9/11 hijackers were Saudis or Egyptians). Â So he did exactly what we said, he just didn't make a deal of it. J Quote
Brian_Reeves Posted June 6, 2008 Posted June 6, 2008 LMAO dude. That's great. As far as the Saudi King is concerned... King: Â "No, I will not lower gas prices" America: Â "No cheap gas for us, no palaces for you. Â Bombs away" Quote
rondef Posted June 6, 2008 Posted June 6, 2008 That is funny, you need to add Exxon to it though. Quote
moby bass Posted June 6, 2008 Posted June 6, 2008 got this today. b Always take a jar of Vaseline with you when you fill up. ;D Quote
Outdoorsman60 Posted June 6, 2008 Posted June 6, 2008 got this today. b bohica = bend over here it comes again Quote
Super User fishinfiend Posted June 6, 2008 Super User Posted June 6, 2008 What a great sign. I'm  28 and when I first started driving gas was $.89/gallon  :'( Quote
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