Crude Oil near 100 bucks a barrel...

[DBfan187 5,000+ posts]

Bush isn't part of OPEC.

Blame Exxon Mobile and PETROCHINA.

 

[sundownz Pro Seller]

I blame Canada... because they don't yet have an effective means to extract enough oil from their oil sand reserves:

http://www.fool.com/investing/general/2005/10/19/oh-canadas-oil-sands.aspx

Come on Mark, get that oil out faster! //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Qbenjamin 10+ year member]

Great reson why I work 2 miles away. My bike get's about 50mpg. I still cringe at the thought of paying $4.00 for a gallon of gas.

 

[DBfan187 5,000+ posts]

I still cringe at the thought of paying $4.00 for a gallon of gas.

propane's already that high!

 

[Flipx99 5,000+ posts]

Yahoo is about a week late. I already explained this in the crunk times thread.

I already explained most of this on 11/06/07.

 

[snoopdan 5,000+ posts]

I blame flipx //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

... sounded good //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

 

[W8 a minute 10+ year member]

Also, the Texan oil magnates are making quite a bit off of this nice fleecing they are giving us. The oil companies are making record profits while we bend over a little bit further. We'll be touching our toes soon if this shit doesn't stop.

Here's what I don't understand.... How is it that a regional manager basically can lower or raise the price as seen fit, even if it's the same gasoline that was in the storage tanks yesterday for less money?

Makes no sense to me.....

Morgan

The regional manager raises the price based on the price they'll have to pay for the NEXT load of gas. What good does it do to sell your gas so cheap that you can't afford the next load which will cost more than the gas you are pumping now?

This is called speculation. The gas station actually makes more money if the next load is CHEAPER. But since the price of crude keeps going up that is not happening. Besides, a gas station only makes a few pennies per gallon., Most of the profits come from the Marlboros, Pepsi, and Twinkies they sell to our fat *****. If you think about it, the gas station concept pretty much sums up most of Americas problems. Greed, Gluttony, Sloth...etc

My local Quick Trip told me they get a truckload of gas almost daily so your point is moot anyway. Yes, we consume that much.

Oil companies are making record profits because of record consumption. It's a world market. If you place a barrel of oil on eBay and someone in China outbids you then you're shit out of luck. Unless you're WILLING to pay more.

Now they could pump MORE oil. This would make the price go down because there would be more to go around and we wouldn't have to bid against other countries for the same barrel of oil. But if you were an oil company would you do that when idiots are willing to pay more for the same product? Think about it. Pump the same oil, the same wages, the same equipment, and get paid more. Why add more oil rigs, pay more people, and work more hours to get LESS per barrel? It's a no brainer.

The point I was trying to make earlier was that we use oil for EVERYTHING. Very little of it gets made into gasoline.

 

[snoopdan 5,000+ posts]

oooh so THATS why all those chinese toy's have lead in them !! its to reduce the amount of oil that goes into em which makes them more expensive to produce.... damn crafty chineeesey doods //content.invisioncic.com/y282845/emoticons/mad.gif.c18f003ab0ef8a0d9c27ca78d77a6392.gif

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[faulkton 5,000+ posts]

propane's already that high!

i just filled my propane tank for $1.59 a gallon.

 

[canadapettit 10+ year member]

I blame Canada... because they don't yet have an effective means to extract enough oil from their oil sand reserves:
http://www.fool.com/investing/general/2005/10/19/oh-canadas-oil-sands.aspx

Come on Mark, get that oil out faster! //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

That oil would cost far more to refine the arab oil. The oil sands are full of heavy crude while arab oil is light, doesn't cost as much to refine. And biodiesl is NOT the answer, it might make gas a few pennies cheaper but when we are using alot of our corn to make it, that will send the prices of corn, meat and most other dariy products up.

 

[snoopdan 5,000+ posts]

Then just buy tofu //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[canadapettit 10+ year member]

if we reduce our consumption prices will go down. also, notice the increase just in time for the holidays... everyone traveling to see family, everyone driving to the malls and stores... they know what and when to do this crap.

I'm not even sure that would work anymore. That used to be the saying, that if we drive less gas would go down. But with China and India using more and more unless we took a substancial amount of cars off the road i don't see gas coming down much cause they will just buy whatever we are not using. The only thing that i think will get oil back down is a world wide recession, which isn't going to happen.

 

[audiolife 5,000+ posts]

better hope they don't switch the currency that oil gets traded in..if they do gas will go up and a barrel of oil will cost 148 lol

 

[DBfan187 5,000+ posts]

I have Euros.

 

[Flipx99 5,000+ posts]

better hope they don't switch the currency that oil gets traded in..if they do gas will go up and a barrel of oil will cost 148 lol

That is very very true.

It would cause the US to go into recession.