Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNN)   Fark joked about, but CNN actually said it: "Oil prices shot up [because of] a forecast that oil would hit $150 by July 4."   (money.cnn.com) divider line 432
    More: Obvious  
•       •       •

7360 clicks; posted to Main » on 06 Jun 2008 at 4:51 PM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



432 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » | Last | Show all
 
2008-06-06 06:14:55 PM  
We need to round up all the commodity speculators on Wall Street and hang 'em for treason.

Same for the bankers who are driving the dollar into the ground.
 
2008-06-06 06:16:10 PM  
Spongebob Plaid Pants

Why does your bike have two flat tires?

I think that bike's on a shag carpet.

/Mmmm shag carpet...
 
2008-06-06 06:16:46 PM  
I'm loving all these idiotic relativist posts where using rubber tires is basically the equivalent of using 35 gallons of unleaded fuel a week.

Here's a tip If you're on a diet...

Occasionally eating a moderate piece of birthday cake for your coworker's office celebration is not the equivalent of gorging yourself on at the all you can eat lunch buffet at the local Pizza Palace seven days a week.
 
2008-06-06 06:17:29 PM  
"Gas goes down 2 cents!"

The next day...

"Gas rockets up 14 cents!"

We need to break the cycle. If we hit 5 bucks soon and keep going, which is extremely likely, I'm up for a rally march to DC.
 
2008-06-06 06:18:11 PM  
Maybe it is motorcycle time...
 
2008-06-06 06:18:27 PM  
WhyteRaven74: mreuther: So which speculator/investment house is going broke?

Well keep in mind, the people who buy oil futures contracts almost never take actual delivery of the oil. The close out the contract when it comes due and just take the cash. As for the high priced oil, well, costs get passed along. Hence gas gets more expensive, and so does everything else for one reason or another. What's really fun, is there's also a gasoline futures market. Yes a futures market based on a commodity that is derived from another commodity for which there's a futures market.

I'm sorry, you want some Advil? ;)


Hrm. The part I am stuck on is that this has been going on long enough that somewhere in the chain (maybe the chain is actually longer than 24 months?), the price should have been undercut by someone who needed to get out, otherwise they would be stuck with oil nobody wants (demand doesn't support the price). I guess someone could be hoarding oil, but OPEC can't be blamed for all of that.
 
2008-06-06 06:18:49 PM  
Darth Invictus: We need to round up all the commodity speculators on Wall Street and hang 'em for treason.

Same for the bankers who are driving the dollar into the ground.


I was wondering today how high gas prices will have to get before there is real rioting and bloodshed.
 
2008-06-06 06:19:29 PM  
Kar98: Pav: Every single person who wrote a post in this thread is guilty including myself.

Oh fer fuxake, not another guilt tripper. NO! I didn't lay out the suburbs. I didn't shut down the mom and pop stores within walking distance. I didn't kill the passenger train system. I didn't tell people to gain employment, you'll need to be "geographically flexible". I didn't exempt SUVs from gas mileage and CAFE regulations. I didn't design, sell or buy any either. Wait, I had a Isuzu Trooper for a few months, and a Chevy van for a year. Sold them long ago.

I bucked up the extra few bucks and bought a hybrid

Oooh, I see what your post is about, Mr. Smuggy McSmugness.


I LOL'd! Touche!
 
2008-06-06 06:20:20 PM  
studebaker hoch: Get one of these and learn to use it.

wouldn't that work better without flat tires?
 
2008-06-06 06:20:26 PM  
chrisaxp:
I was wondering today how high gas prices will have to get before there is real rioting and bloodshed.


You'll see it this winter if diesel hasn't come down by then.
 
2008-06-06 06:21:13 PM  
No Expectations: Maybe it is motorcycle time...

I've been thinking about selling my Prelude and buying a motorcycle...I don't get incredibly bad gas mileage but its still as good as getting kicked in the balls everytime I fill up.
 
2008-06-06 06:21:49 PM  
Saturn5: studebaker hoch:

Get one of these and learn to use it.

Do you eat that too?
Does it heat and cool your home?


studebaker hoch's sense of self-satisfaction is enough to power any furnace or AC
 
2008-06-06 06:23:34 PM  
My total vehicle expenses:

$240 a year insurance, full comprehensive and then some, glass and towing.
$30 registration, plus $10 smog check
$20 a month in gas.

What are we looking at, fifty bucks a month here?

Maintenance is a wild card, but that truck runs like a top. I rebuilt the engine about 5 years ago, and today it purrs. Smooth power.

I very rarely drive it. Haven't had it on a freeway yet this year. I occasionally take it on a landfill run, or to pick up lumber or steel.

As far as the "oil crisis", yeah, I don't feel it at the pump. I do see the other effects, prices going up across the boards.

You want to see me pissed off...talk about the cost of building materials. Concrete's over $100 a yard now, steel is recockulous.
 
2008-06-06 06:23:44 PM  
IXI Jim IXI: F*ck victory gardens. I went and tried to drill me a victory well!

Yep. I hit the old septic tank.


That worked for Beavis and Butthead.
 
2008-06-06 06:24:37 PM  
The Billdozer

studebaker hoch's sense of self-satisfaction is enough to power any furnace or AC

Thaaaaaaaaaaanks.

/sorry
 
2008-06-06 06:24:59 PM  
www.prisonflicks.com

You can shovel shiat, can't you?
 
2008-06-06 06:25:46 PM  
No Expectations: Maybe it is motorcycle time...

Throw in some spiked hockey/football pads and a mohawk, and we'll get a gang together and THEN march on Washington.
 
2008-06-06 06:26:22 PM  
The Jews are behind this. They bought up donkey, rickshaw and bicycle stocks two years ago, then they starting jamming the US Americans by speculating oil futures at a rate unseen since Charleton Heston shot all those apes.
 
2008-06-06 06:27:28 PM  
alcoholwasinvolved: The Jews are behind this. They bought up donkey, rickshaw and bicycle stocks two years ago, then they starting jamming the US Americans by speculating oil futures at a rate unseen since Charleton Heston shot all those apes.

You know who else blamed the Jews?

/sorry, really needed a laugh right now
 
2008-06-06 06:28:34 PM  
studebaker hoch:
and now....hoch's predictions for the future.

<crystal ball>

10's first decent electrics become affordable, with range and performance close to gasoline gars. Some other fuels try to happen, hydrogen and such, but nothing beats wall charging.
20's it becomes relatively common for people to own electrics. Batteries improve and price continues to fall.
30's gasoline cars becoming rare. All but phased out.
40's musem pieces. Seen in 4th of July parades along with horses.

</crystal ball>


Spot on, although I'd wager that these events will happen within 5-10 years of each other based on how quickly oil continues its exit velocity from reality.

And for those of you who think the president has NOTHING to do with this, you need to pull your heads out of your asses and realize that he has the power to set political, as well as social tone. "Man on the moon in the next ten years" and so forth. At the very least, it would have been an important symbolic step.

If Bush had the foresight of a 3rd grader, he would have recognized the opportunity to kick our auto/petroleum industries into high gear by offering financial incentives to those who research and develop efficient technologies. Win/win for business/government/the American people by putting our best characteristics as a country into use.

Instead, he decided to go play with his toys in the Iraqi sandbox.

www.serendipity.li

\\Counting down the days to the end of Caligubush's reign of terror.
 
2008-06-06 06:29:52 PM  
WizardofToast: "Gas goes down 2 cents!"

The next day...

"Gas rockets up 14 cents!"

We need to break the cycle. If we hit 5 bucks soon and keep going, which is extremely likely, I'm up for a rally march to DC.


What is DC going to do about it? They make the most money off gasoline to begin with. Should rally against environmentalists instead.
 
2008-06-06 06:30:15 PM  
AlwaysRightBoy: We need to start drilling ASAP

That's a great idea because surely, someone will sell us oil from that new supply source at $60 a barrel when everybody else in the world is willing to buy it at $120 a barrel.
 
2008-06-06 06:30:42 PM  
IXI Jim IXI: PirateKing: If a stock trader did this, it would be illegal.

Yeah, but if all the stock traders did it, it becomes policy.


THIS
 
2008-06-06 06:32:29 PM  
studebaker hoch: Get one of these and learn to use it.

A downhill bike? Not the best choice for getting around town.
 
2008-06-06 06:33:06 PM  
GM had the electric car 20 years ahead of the pack...and decided it was a bad idea.

Electric cars have very few moving parts, don't need much in the way of maintenance.

The idea of a car that didn't need gasoline, didn't need service or parts, that never wore out, was Detroit's worst effin nightmare and they literally tried to destroy them all before someone caught on.

They sold us out.

The result is what we have now. We should have NEVER still been using gasoline cars in this day and age. Assholes.

I have zero sympathy for US carmakers.
 
2008-06-06 06:34:41 PM  
KonamiCode: No Expectations: Maybe it is motorcycle time...

Throw in some spiked hockey/football pads and a mohawk, and we'll get a gang together and THEN march on Washington.


Beyond Thunderdome?

/To men enter one man leaves.
 
2008-06-06 06:34:41 PM  
palexc

A downhill bike? Not the best choice for getting around town.

Gary Fisher Sugar 4+. Perfect bike for getting around town. I put Continental street tires on it and a side-view mirror. Rides like a cadillac on glass. Easy to pedal when drunk, fits like an old pair of jeans.

If I lost that bike I'd get another one just like it.
 
kab
2008-06-06 06:36:01 PM  
Saturn5:
Do you eat that too?
Does it heat and cool your home?


I'm guessing the car you drive is edible, and maintains your home temperature?

Neat.. where can I pick one of those up?
 
2008-06-06 06:36:08 PM  
ENOUGH.

I swore I would do it, and a few of you supported me, but we're starting a non-profit, hopefully to help end this nonsense.

Anybody who wants to support us, check us out (new window).
 
2008-06-06 06:36:10 PM  
This is the end... a definite sign of the apocalypse.
 
2008-06-06 06:36:46 PM  
Thelyphthoric: Quick, someone write a new headline about oil prices dropping so they'll do that instead.

They would NEVER say that as it would make them lose money.

Amazing how someone in a company that has access to the news says prices "may hit x amount of $ by y date" and then later that day it causes an $11 increase in the price to make sure it gets to that "prediction" point. This is not supply in demand in the least.

It went up $5 yesterday and $11 today.
 
2008-06-06 06:36:59 PM  
studebaker hoch: GM had the electric car 20 years ahead of the pack...and decided it was a bad idea.

Electric cars have very few moving parts, don't need much in the way of maintenance.

The idea of a car that didn't need gasoline, didn't need service or parts, that never wore out, was Detroit's worst effin nightmare and they literally tried to destroy them all before someone caught on.

They sold us out.

The result is what we have now. We should have NEVER still been using gasoline cars in this day and age. Assholes.

I have zero sympathy for US carmakers.


The electric car wasn't feasible at the time.
 
kab
2008-06-06 06:37:16 PM  
Thunderpipes:
What is DC going to do about it? They make the most money off gasoline to begin with. Should rally against environmentalists instead.

That's right... more drilling is the insta-cure, I keep forgetting.
 
2008-06-06 06:37:19 PM  
Farkomatic: AlwaysRightBoy: We need to start drilling ASAP

That's a great idea because surely, someone will sell us oil from that new supply source at $60 a barrel when everybody else in the world is willing to buy it at $120 a barrel.


Thinking about this, even if the US government *forced* the oil companies to sell to the US, the oil companieswould just sell the oil that would have gone here someone else, keeping the supply down (and prices up) with the added benefit of no royalty payments to the guberments.
 
2008-06-06 06:38:56 PM  
MrBigglesworth: Thelyphthoric: Quick, someone write a new headline about oil prices dropping so they'll do that instead.

They would NEVER say that as it would make them lose money.

Amazing how someone in a company that has access to the news says prices "may hit x amount of $ by y date" and then later that day it causes an $11 increase in the price to make sure it gets to that "prediction" point. This is not supply in demand in the least.

It went up $5 yesterday and $11 today.


Down $5 yesterday.
 
2008-06-06 06:39:34 PM  
shawn82: studebaker hoch: GM had the electric car 20 years ahead of the pack...and decided it was a bad idea.

Electric cars have very few moving parts, don't need much in the way of maintenance.

The idea of a car that didn't need gasoline, didn't need service or parts, that never wore out, was Detroit's worst effin nightmare and they literally tried to destroy them all before someone caught on.

They sold us out.

The result is what we have now. We should have NEVER still been using gasoline cars in this day and age. Assholes.

I have zero sympathy for US carmakers.

The electric car wasn't feasible at the time.


EV-1
 
2008-06-06 06:39:46 PM  
shawn82

The electric car wasn't feasible at the time.

The people that leased them didn't seem to think so.

The cars wern't even available for sale. GM was not.letting.them.go.

Not feasible? More like "revolutionary".
 
kab
2008-06-06 06:40:43 PM  
mizchief: Since the price is oil is based on speculation and not on actual supply and demand

I suspect you're going to see an influx of economist types telling you that you're wrong any minute now. :P
 
2008-06-06 06:40:52 PM  
Is it just me, or is America going down the toilet?
 
2008-06-06 06:41:22 PM  
studebaker hoch: shawn82

The electric car wasn't feasible at the time.

The people that leased them didn't seem to think so.

The cars wern't even available for sale. GM was not.letting.them.go.

Not feasible? More like "revolutionary".


Would you really want to swap out a bank of 12v lead-acid batteries every few months? When gas is 65 cents a gallon?
 
2008-06-06 06:41:39 PM  
No Expectations: Maybe it is motorcycle time...

I just bought one of these for $1700 on Craigslist. It's a 2006 Ninja 250. 70 MPG.

i286.photobucket.com

/The helmet and jacket are arriving next week.
 
2008-06-06 06:42:30 PM  
Thunderpipes:

What is DC going to do about it? They make the most money off gasoline to begin with. Should rally against environmentalists instead.



I'm not the biggest fan of the environmental lobby by a long shot. Sometimes their complaining comes off as histrionic.

But ignoring global warming, the ozone layer, and polar bears...

Our current situation is not economically sustainable.

I still maintain that Bush could have gone down as one of the greatest presidents if he would have oiled the gears of industry toward energy efficiency.
 
2008-06-06 06:42:36 PM  
doyner: Elephantman

Funny, but some towns actually have electric buses.



That's right! And electricity grows on trees!
 
2008-06-06 06:44:14 PM  
It isn't like electric powered cars are some kind of radical idea. shiat, I could build one in a weekend. The main issue here is whether they are practical. Up until very recently, they haven't been. With new advances in battery technology and rising petroleum prices, we may start seeing them on the roads pretty soon.
 
2008-06-06 06:44:17 PM  
mizchief: WizardofToast: "Gas goes down 2 cents!"

The next day...

"Gas rockets up 14 cents!"

We need to break the cycle. If we hit 5 bucks soon and keep going, which is extremely likely, I'm up for a rally march to DC.

This cannot continue. Since the price is oil is based on speculation and not on actual supply and demand this is what will happen:

The artifical high price of oil will eventually cause demand to drop significantly and supply to increase. That means that you have a bunch of wall street guys who are holding $130 barrels of oil that will receive on a date where oil straight off the boat would only cost say $100.


Actually, if the demand doesn't support the price, the market should collapse even if the demand stays steady. If the demand truly does support the price, then it won't fall back more than it rises day-yo-day until demand falls.
 
2008-06-06 06:44:21 PM  
From Chevy's website:

We are the guys that developed and launched EV1, the first modern-day electric vehicle, back in 1996. We are also the guys that devoted tremendous resources to design, engineer, and market this vehicle. Although the technical innovation and marketing efforts behind the EV1 were unparalleled, only 800 people were willing to lease the EV1. Yes, the EV1 quickly became the worldwide benchmark for electric vehicles, but its timing wasn't quite right. When GM launched the EV1, gas was cheap, there wasn't a war in Iraq, and there was less discussion about global warming. There were far fewer reasons for people to make the trade-offs in their transportation lifestyle to make the EV1 work for them.

and yet most people that had them wanted to keep them!
 
2008-06-06 06:44:59 PM  
studebaker hoch: Get one of these and learn to use it.

Should we use it with or without the flat tires?
 
2008-06-06 06:46:56 PM  
shawn82

Would you really want to swap out a bank of 12v lead-acid batteries every few months? When gas is 65 cents a gallon?

You can maintain lead-acid batteries, right? Keep the pH properly adjusted, don't deep-discharge them, and they'll last a long time?

I think the biggest complaint was limited range, but for those people that *didn't drive very much anyway*, those cars were the shiz.
 
2008-06-06 06:47:18 PM  
mikaloyd:
I see how this works. Get your cum guzzling syphlitic sisters nose out of your fathers drunken ass long enough that your attention can be elsewhere and you will notice that I called your allegation of the ENRON loophole "sense". That is I agreed with it you homelrss cocksucking gutter roaming incestuous waste of DNA and poor use of the planet's oxygen.


This is what happens right after a fill up
 
2008-06-06 06:47:54 PM  
Pelota

Should we use it with or without the flat tires?

Those tires are actually filled with LOLcats, they naturally look that way.

/not much air in a LOLcat.
 
Displayed 50 of 432 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report