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(Yahoo)   Gas in 6 states tops 4 bucks a gallon, 5 bucks on its way   (news.yahoo.com) divider line 516
    More: Obvious, GSPC, Empire State, list of states, mid-February  
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9123 clicks; posted to Main » on 18 Apr 2011 at 1:05 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-04-18 02:18:11 AM  
Two days ago, it was 3.53-3.63 around here. Many of the Sikh-run places now have a cash and credit price, just recently changed to that. I have a large 4 year-old car because I have a large family and a lot of baseball stuff to haul around 9 months out of the year. So I hope when I go to the store alone no one thinks, "oh, lone person, why do you have that big car?" That would be witless.

Typically, I get 24 mph on the highway, which is lousy, of course, and yet could still be worse, which is amazing. But when I got the car it was about 45 dollars for a fill up, and now it would be around 75, only we pretty much go nowhere these days except grocery shopping and baseball, so I never have more than half a tank.
 
2011-04-18 02:21:33 AM  
I remember 19 cents a gal. it was 45 cents a gal when I started driving.
 
2011-04-18 02:22:45 AM  

fanbladesaresharp: eatin' fetus: Mobkey: 1.28/L here, which is 4.85/gallon I believe.

Stop biatching.

LOL. The person who pays for gas by the quart at obscene rates has taken the high horse.

Yeah....and they will be paying 10 pounds for a liter soon enough. Laugh while you can, Europe. Make shiat expensive for us? Yeah, about that.


Seriously. Europe has some serious chips in this. This is not just a USA thing.

I have a serious problem with being controlled by OPEC, but that's for another discussion.
 
2011-04-18 02:24:18 AM  

Witchydiva: Ablejack: My daily commuter: Kogswell P
Awesome bike! Where did you get your saddlebags?


Thanks. They are waxed canvas Berthoud Small Panniers. You can get them direct from Gilles Berthoud (France), also from Wallingford Bikes, Rene Herse/Boulder Bicycle, and Peter White Cycles.

Wallingford (currently too expensive here)
Herse/Boulder Bikes
Peter White Cycles
 
2011-04-18 02:24:28 AM  
I just wanted to let you all know that this is serious internet business, seriously.

/jeeeeeeeeeeeez
 
2011-04-18 02:25:48 AM  
America will fight tooth and nail to continue living in a car oriented society. I stand behind this statement 100%.

It's the poor that keeps complaining. They should go away.
 
2011-04-18 02:26:11 AM  

davidphogan:
Isn't Dubai busy borrowing money for failed projects from its neighbors?


A: I am not the government of Dubai

2: Mo really screwed the pooch with his "vision"

I really thought he was smarter than that, but it's not my problem. Dubai was a thriving, booming economy before the real estate scam. There's a broad-based healthy economic engine in Dubai and it's a shame that Mo tried to leverage that healthy economy into a stupid bubble. Hubris.
 
2011-04-18 02:27:08 AM  
Witchydiva
I have another set of ideas; how about we actually invest in our infrastructure and work on changing our culture to be sustainable - and while we're at it, how about looking at things with a view to the long-term instead of mortgaging our future for immediate gratification?

I wish we'd better maintained(what had initially been built) and improved and extended our railway infrastructure in this country. For both commuter and transport.
And that we hadn't removed the trolley systems from our cities, too. :(

Basic shiate like that would have done us a lot of good. Again, lack of foresight. And now, its going to be more expensive to try and do those things than if we'd just been doing them from the get go.

Tbh, I do not think that electric vehicles are a good fix. Maybe a bandaid in some areas, but certainly not a long-term, viable, goal.
Too many drawbacks with them and a whole slew of different problems.
I'd like to see more done with research into hydrogen, personally. ~shrugs~


Best option would probably be some sort of "Dies the Fire" Change happening... but that's probably not a possibility.
 
2011-04-18 02:27:19 AM  

eatin' fetus: fanbladesaresharp: eatin' fetus: Mobkey: 1.28/L here, which is 4.85/gallon I believe.

Stop biatching.

LOL. The person who pays for gas by the quart at obscene rates has taken the high horse.

Yeah....and they will be paying 10 pounds for a liter soon enough. Laugh while you can, Europe. Make shiat expensive for us? Yeah, about that.

Seriously. Europe has some serious chips in this. This is not just a USA thing.

I have a serious problem with being controlled by OPEC, but that's for another discussion.


it's not OPEC. it's the speculators driving the price up.
they are using the unrest in the middle east to run up the price in another bubble. soon enough they'll decide that's all they're going to get out of it and start selling. then it will fall again. and those who are slow to get out will get burnt.
 
2011-04-18 02:28:13 AM  
One more note I would like to make. When the price of fuel causes the price of everything else to go up, what are you going to do? Just because you ride a bike or a scooter doesn't prevent the price of rice from going up. It is a wrecking ball waiting to happen...and then you have to choose between food and the light bill...and then it becomes food or the rent/mortgage...and then you are out on the street. Hopefully, you have no convictions on your record as some convictions will prevent you from obtaining Section 8 housing, and other help. Then it's just you, your bike, and the rain.

I know I carried on about an unlikely scenario for most people, but when we are talking fuel, we are talking infrastructure. I know some people could care less but worse comes to worse, I would rather have something I can sleep in. Just a little food for thought.
 
2011-04-18 02:28:39 AM  

Hobodeluxe: I remember 19 cents a gal. it was 45 cents a gal when I started driving.


dad?
 
2011-04-18 02:29:02 AM  
$4.27/gal in San Francisco; I spent $40 to get my tank 3/4 full earlier today. Luckily we have some pretty awesome public transportation systems here that are better than driving in most situations. I kinda like Amtrak too. If the gas prices don't deter you from driving, the difficulty in finding a parking spot will.
 
2011-04-18 02:30:51 AM  

ZydrateZombie: Witchydiva
I have another set of ideas; how about we actually invest in our infrastructure and work on changing our culture to be sustainable - and while we're at it, how about looking at things with a view to the long-term instead of mortgaging our future for immediate gratification?

I wish we'd better maintained(what had initially been built) and improved and extended our railway infrastructure in this country. For both commuter and transport.
And that we hadn't removed the trolley systems from our cities, too. :(

Basic shiate like that would have done us a lot of good. Again, lack of foresight. And now, its going to be more expensive to try and do those things than if we'd just been doing them from the get go.

Best option would probably be some sort of "Dies the Fire" Change happening... but that's probably not a possibility.


On the plus side, redoing our nation's infrastructure would be a hell of a jobs initiative that'd actually be useful to society (unlike prolonging tax cuts for the rich and continuing the practice of huge corporate tax breaks and bailouts).
 
2011-04-18 02:33:14 AM  
Bobby Ive Got Propane In My Urethra: "Also looks great in a picture surrounded by weird utility boxes and a funny looking aluminum awning. Couldn't you have pucked a better locale for that beauty shot of your sweet mope?"

Hope you're joking. :P That's a public solar charging station.
 
2011-04-18 02:33:54 AM  

log_jammin: Hobodeluxe: I remember 19 cents a gal. it was 45 cents a gal when I started driving.

dad?


what's your mom's name?
 
2011-04-18 02:34:46 AM  

EditorialSpace: One more note I would like to make. When the price of fuel causes the price of everything else to go up, what are you going to do? Just because you ride a bike or a scooter doesn't prevent the price of rice from going up. It is a wrecking ball waiting to happen...and then you have to choose between food and the light bill...and then it becomes food or the rent/mortgage...and then you are out on the street. Hopefully, you have no convictions on your record as some convictions will prevent you from obtaining Section 8 housing, and other help. Then it's just you, your bike, and the rain.

I know I carried on about an unlikely scenario for most people, but when we are talking fuel, we are talking infrastructure. I know some people could care less but worse comes to worse, I would rather have something I can sleep in. Just a little food for thought.


This.

This very much worries me, as I know too many people who can't find a job, or have to work 2+ jobs to meet basic expenses (with no hope of socking away cash for "hard" times). The level of short-sightedness we continue to flaunt as a nation really disturbs me.
 
2011-04-18 02:35:53 AM  
I do not understand the opposition to electric vehicles (beyond some concerns about range). When you invest in the stock market do you choose one company or even one industry?????

WHY DO SOME PEOPLE INSIST THAT CARS SHOULD FULLY DEPEND ON A SINGLE TYPE OF FUEL?? (and that only cars should be used as transportation)

I understand being hesitant, but the animosity is stupid. Electric cars, trains and buses => freedom from Saudi, Gaddafi, Putin, Chavez, Bashir, etc.
 
2011-04-18 02:36:22 AM  
Are they still using Libya as the excuse for price gauging this time?
They never seem to run out of reasons for hiking up the prices. Pretty soon bad weather in Nova Scotia will put another 50 cents on the gallon.
 
2011-04-18 02:37:22 AM  

beer4breakfast: JonBuck: I live about 30 miles from work, so a smaller(or electric) scooter isn't practical for me. I still get 60-65 mpg on average, though. A 400cc motor is large enough to keep up on local freeways.

Unfortunately the sad fact about using a motorcycle for commuting over a period of time is that wear and tear from mileage occurs quicker on a motorcycle than a cheap, reliable commuter car. At 10k you're going to be looking at replacing your tires. At 20k, on top of tires, a new chain and maybe sprocket. For a car adding 20k miles probably means just needing to change the oil a few times and rotating the tires once.


I have a 2009 Honda Civic as my main vehicle, and I get real close to 36mpg the way I drive. To be honest, I bought the scooter for two reasons. 1) It's fun to ride. And 2) More on use-less-gasoline principles than to actually save money. I have no illusions about owning this machine. I've only put 4500 miles on it in three years.

davidphogan: JonBuck: 2008 Suzuki Burgman 400.

That's a lot easier when you're in San Diego than many places.


I can easily ride all year round in this climate. A friend of mine put 35k miles on his Burgman 400 and he lives in TN. One year he rode to Toronto on it. I've seen a Honda Reflex (250cc machine) with 65k miles on it in a parking lot once. I met a guy at a local scooter riders' club meet with a Helix with even more miles on it.

I've seen a grand total of two Chevy Volts on the road here, and no Leafs. Though there was the older RAV4 EV I saw fairly regularly for a time. I'm optimistic about the future of EVs in general now.
 
2011-04-18 02:40:31 AM  

chestermania: I have an idea, how about we stop the environmentalist lunacy and start drilling in Montana, Alaska, and other US states where we know oil is buried? No doubt, OPEC is funding the Looney Tunes to keep us from finding our own resources and lowering prices for everyone.

The Arabs are sodomizing our country and we cannot resist without US Drilling. It is time we upped the production in the US.

That is all.


This kind of ignorance is why America is doomed.

"Drill, baby, drill?" Really? You know nothing about oil production. You really should shut the f0ck up and do some research, because what you just said is so stupid that everyone here is embarrassed for you.
 
2011-04-18 02:41:32 AM  
How Does That Taste:
Yeah, but when you consider the top oil companies pay nothing in taxes and some of them even get refund checks for millions, it's pretty unfair to blame Obama for the high oil prices.


What utter horseshiat. Exxon paid $57 Billion in taxes [in 2009, only year referenced in article].
Source: Forbes

Saying that oil companies don't pay taxes is just willfull ignorance.

There are reasons for high prices, again, in spring. It's sad we have to keep rehashing this every year. Right now refineries are setting up for the ridiculous variety of gasoline blends mandated by the environuts for summer driving. This reduces supply and drives prices up. And, Obama is a direct influence on higher prices because his administration keeps blocking drilling permits. Worse, Obama is sending our tax money to Brazil, so we can become their biggest customer.

US oil companies operate on a thinner profit margin than almost any other industry. We [most of the time] enjoy lower gas prices than most other countries. But because we have a bunch of people in office who lick the feet of the enviros, our capacity to refine fuels is kept limited, and the refineries we do have are busy changing over to winter or summer specialty fuels.

We're going to have to depend on fossil fuels for many more years, while we develop other sources of energy that will actually scale to the massive amounts Americans use. Biodiesel, ethanol, wind, all a joke. Solar, maybe, but not for another 25 years. We have a problem NOW, and without cheap fuel, our economy is fuxored. Without cheap plentiful gasoline, we're not going to have the kind of economy that will let us do the R&D and the build out for the next era of mass power production. People who sigh that $5 a gallon gas would have positive effects are total fools.

Ten years ago, people like HDTT fought any drilling in ANNWR, saying it won't do us any good "right now". It would sure help "right now" if we had ignored them.
 
2011-04-18 02:42:15 AM  

JonBuck: I have a 2009 Honda Civic as my main vehicle, and I get real close to 36mpg the way I drive. To be honest, I bought the scooter for two reasons. 1) It's fun to ride. And 2) More on use-less-gasoline principles than to actually save money. I have no illusions about owning this machine. I've only put 4500 miles on it in three years.


I'm in a similar situation. Have a Suzuki SV650 that was my only transport for the 3 years as I worked from home 100% of the time. Got a new job which required a long bay area commute to Silicon Valley so I got myself a used Toyota Corolla. The Corolla is purely a cheap transport appliance. The bike is what I ride for fun.
 
2011-04-18 02:43:19 AM  
ZydrateZombie: "/Electric vehicles... powered by electricity from fossil fuel burning plants and via a grid that likely will not be optimized to support them anywhere in the near future."

Actually even when charged from the current grid, EVs are cleaner than gasoline fueled vehicles. MIT engineers did the math, which you can review right here.

As for my own, you'll notice in the photo that it's charging from solar panels. Even standard curbside chargers in this state are fed exclusively by a combination of wind and solar farms.

ZydrateZombie: "Brilliant! Cause everyone loves rolling brown-outs."

You're assuming we'd all switch to EVs instantaneously. That's not how it works. The migration to EVs wll be gradual, and is taking place in tandem with a gradual overhaul of the grid. According to the Electric Power Research Institute, the grid can handle as high as 60% of all cars being electric by 2050.

ZydrateZombie: "but by god Steve will be able to feel smug with his Prius and nevermind all those batteries in the dump. It's coo'. No pollution there."

Why are you like this? Why would you let a cynical assumption about the motives of people you don't even know dictate your own views on important technologies? Why the fark would you or anyone else choose to oppose technologies that can eliminate our need for oil imported from Middle Eastern nations? Do you love OPEC? Do you love Islamic caliphates? Do you just want to watch the world burn? What the fark is your deal?
 
2011-04-18 02:44:22 AM  

Zamboro: JonBuck: "I live about 30 miles from work, so a smaller(or electric) scooter isn't practical for me. I still get 60-65 mpg on average, though. A 400cc motor is large enough to keep up on local freeways."

The XM5000-li does 50 miles at 60mph, 85 miles at 30mph. It would meet your needs and then some, provided you can plug in at work, and it would be overkill for anyone living in a city.

What's with this "Anything electric must not be good enough" attitude I see everywhere? Gas isn't magical. There's more than one way to make a vehicle go.


Well, here's a pretty good deal (if it's real, which is dubious):
96v, 100AH (9.6KWH) of LiFeYPO4 on eBay for $4050 shipped (new window). Supposed to be good for at least 3500 charges. Typically the way these are rated is that the life is estimated by what point the capacity falls below a certain % of its initial rating, like 70%-80%. They're still usable after that, but with measurably reduced performance.

It's a bit difficult to equate electricity and gas, but there are references:
The Toyota RAV4 EV was "interesting" in that it's got an equivalent gasoline design. IIRC the calculations came to ~10KWH of battery in the electric version to equal a gallon of range in the gasoline version. And the RAV4 was a small SUV with a lot of utility.

The 2011 Chevy Volt is more straightforward. 36kwh for 100 mi on electric on the sticker, and 37 mpg on gas, which is 2.7gal per 100 mi. Comes to 13.3 KWH to equal 1 gal, although that is somewhat disadvantaged in that 1) it's got the weight of the engine and associated components loading down the batts, and 2) it's supposed to be a pretty efficient engine, just in a heavy car, which makes its gasoline figure better.

At $4050 for 9.6KWH (and this is a bargain-basement price from a shady source on the batteries alone), it's about 1gal-0.75 gal of gasoline equivalent. The electricity is $0.96-$1.28 for gallon equivalent and the battery amortization on the 3500 claimed cycles is $1.14-$1.52 per gal equivalent.

Total is $2.10-$2.80 per gal of capacity when you add up electricity costs and battery wear. Which IS not bad! The flaws, however, are not just that the battery dealer's kinda shady, but that the projections for amortization of cost assume you'll use all the rated 3500 cycles of the battery life. Probably ain't gonna happen. You'd have to use the entire capacity, right on the button, once a day, every day, for TEN YEARS. Sure, we'd like to say the battery will get fully used and recharged 5 times a day, every day, and only have to project for 2 years, but it's not gonna work that way. There's not even enough hours in the day to charge and use the batts 5 times a day, even if you take back-to-back shifts using/charging it all day and all night every day.

A lot of cars will get wrecked, gotten rid of because their owners' needs changes, or even that the battery system may simply become obsolete within that time, which is quite possible when trying to project a 10-year payout.

It's not impossible to justify right now, even with $4-$5 gas, but pretty "marginal". We can only hope the batteries get down a bit cheaper and available from dealers with a history of known reliability and service.
 
2011-04-18 02:47:15 AM  

Hobodeluxe: what's your mom's name?


I'm not sure...
 
2011-04-18 02:49:28 AM  
Hope you like your hopeymcchange ya stupid jackwagons.
 
2011-04-18 02:50:06 AM  
The price of gas has caused a marked increase in complaining, but very little change in actual behavior. Get on any interstate highway near any major city, and you'll be crushed by the SUVs, trucks, and even old cars going 80+ MPH.

Anyone can increase their mileage by 20% (that's the same economic impact as a 70-80 cent per gallon drop in price!) by just slowing down from 80 to 60.

Most of the time, you don't really need to go 80 or faster.
 
2011-04-18 02:53:12 AM  
I can't quote because either my browser or Fark is borked, but I live out in Kyle, Texas and anywhere near here charges about that much.
 
2011-04-18 03:01:12 AM  

chestermania: I have an idea, how about we stop the environmentalist lunacy and start drilling in Montana, Alaska, and other US states where we know oil is buried? No doubt, OPEC is funding the Looney Tunes to keep us from finding our own resources and lowering prices for everyone.

The Arabs are sodomizing our country and we cannot resist without US Drilling. It is time we upped the production in the US.

That is all.


That's only delaying the problem. Where do we drill when that runs out?
 
2011-04-18 03:03:13 AM  

Hobodeluxe: I remember 19 cents a gal. it was 45 cents a gal when I started driving.


It was 87 cents a gallon here in 1997.
 
2011-04-18 03:03:24 AM  

Dubai Vol: davidphogan:
Isn't Dubai busy borrowing money for failed projects from its neighbors?

A: I am not the government of Dubai

2: Mo really screwed the pooch with his "vision"

I really thought he was smarter than that, but it's not my problem. Dubai was a thriving, booming economy before the real estate scam. There's a broad-based healthy economic engine in Dubai and it's a shame that Mo tried to leverage that healthy economy into a stupid bubble. Hubris.


How's that island nation thing going on since you leveraged your existence in what the US calls a "county"
 
2011-04-18 03:04:42 AM  
a3.sphotos.ak.fbcdn.net

I'm getting a huge kick out of these replies. Get a cheap Jap bike. Sure, maybe you're spending more money on cables, tires, gear, etc but you end up making a profit in savings on insurance, and if you wrench on your own bike (which isn't hard if you get an old Jap bike) you're saving tons on the costs of mechanics. I've put a lot of money into my bikes, yeah, but still not near as much as I've put into car insurance or car repair costs. And probably about half of what I've put in it wasn't necessary to keep it reliable and running good, just necessary to make me happier with it.
 
2011-04-18 03:09:15 AM  

EditorialSpace: What happens when the price of gas per gallon tops minimum wage? I know it sounds good to the insane, but that would hurt everyone who works minimum wage, and families...say good bye to the college fund. Work all day just to fill up the gas tank? It's not like we have an efficient and affordable public transportation system in America.

/Who do we blame? Blame the insane.


do people who make minimum wage really have a college fund?
their spawn can get financial aid pretty trivially ....

and nothing personal, but if you can not afford to drive, dont drive.

YAWNNNN
I live in shiatty this or shiatty that.
move.
or shut the fark up
or carpool
or bike or what

QQ
I can do those things cause my shiatty job is a million miles away and I have to live blah blah blah

it is that kind of BS attitude which is the problem in the first place.

move close to work and get 12 roommates.
get a closer job.
move to a real city with public transportation ...

I love the retarded excuses people have for NOT being able to do any of those things.

they COULD do them. they CHOOSE not to do them.
price of admission
 
2011-04-18 03:09:33 AM  

beer4breakfast: Unfortunately the sad fact about using a motorcycle for commuting over a period of time is that wear and tear from mileage occurs quicker on a motorcycle than a cheap, reliable commuter car. At 10k you're going to be looking at replacing your tires. At 20k, on top of tires, a new chain and maybe sprocket. For a car adding 20k miles probably means just needing to change the oil a few times and rotating the tires once.


Yup. I pay more to commute on a motorcycle than I would with a Honda Accord. Tires last 10k (at most) and the valves need to be done every 12k. Like you noted, chain and sprockets typically go every 20k unless you have a shaft bike...but if that shaft fails it's insanely expensive to repair.

I only get about 35 mpg (1050cc). But for all the impracticalities, my commute is a genuine rush and a real affirmation of life on what would be a boring grind in a Toyota. I use a watertight suit for the rain (sucks getting in and out of but I stay bone dry) and a heated jacket liner for very cold days, which are somewhat rare in the Gulf South.

I'm rambling...what I'm trying to say is that you should ride a motorcycle for love, not economy. Because you ain't getting the latter.

/one final note is that motorcycle maintenance can't just be put off like many people do with their cars. It's a serious safety hazard.
 
2011-04-18 03:19:16 AM  
And yet the jaggofs who declare such things keep declaring that there is no inflation this year, so there won't be any annual cost-of-living increase for Grandma's Social Security next year either.

Would love to see these cretins have to live off of $600 a month. I'll be they notice the price hikes then. The less money you have to live on, the more you know there is skyrocketing inflation.
 
2011-04-18 03:24:14 AM  

King_Panther13: Sure, maybe you're spending more money on cables, tires, gear, etc but you end up making a profit in savings on insurance


That's something I forgot to mention. If you have a decent record and are over 25, liability insurance on a bike is cheeeeeeeeeap. The last time I ran liability-only, it was like $96 per year. I went ahead and added uninsured motorist coverage ('cos we have tons of them), and the bill was still just about $200 for the whole year. I have full coverage again and it's still only $400-ish, and that's for a very nice performance bike.

One more way to save if you work in a city is parking. Every now and again you get a ticket, but you can always squeeze the girl in somewhere. Paying $10 a day to park really adds up. So it's not all doom and gloom like my above post.
 
2011-04-18 03:25:50 AM  
remember when the price of oil and gas rose and declined in close correlation? Someone might want to look into bringing that back.
 
2011-04-18 03:27:48 AM  

WhyteRaven74: remember when the price of oil and gas rose and declined in close correlation? Someone might want to look into bringing that back.


+ speculation = ????
 
2011-04-18 03:29:22 AM  

Hand Banana: chestermania: I have an idea, how about we stop the environmentalist lunacy and start drilling in Montana, Alaska, and other US states where we know oil is buried? No doubt, OPEC is funding the Looney Tunes to keep us from finding our own resources and lowering prices for everyone.

The Arabs are sodomizing our country and we cannot resist without US Drilling. It is time we upped the production in the US.

That is all.

That's only delaying the problem. Where do we drill when that runs out?


None of the "drill, baby, drill" people have any real answer to your question. Basically they try to save face with "this just gives us more time to develop alternate energies!".

Uh, we've had lots of time to do that. Decades. Why didn't we do it? Because cheap gas made it uneconomical. The electric car has existed for longer than the ICE car has, but nobody wanted one until lately.
 
2011-04-18 03:30:19 AM  

Weaver95: gee, i'm sure glad we invaded the middle east...it's worked out so well for us!


Well, someone got rich.

That $12B in pallets of cash that disappeared after we sent them to Iraq didn't just get swallowed up by the desert.
 
2011-04-18 03:32:09 AM  

Witchydiva: On the plus side, redoing our nation's infrastructure would be a hell of a jobs initiative that'd actually be useful to society (unlike prolonging tax cuts for the rich and continuing the practice of huge corporate tax breaks and bailouts).


I know, right? If only there was something from history we might use as a guideline. Something that involved work. And progress. And was administrated...
 
2011-04-18 03:35:10 AM  
Ender's: + speculation = ????

well you can take care of speculation in oil futures by raising the margin for an oil futures contract. It currently sits at 7%, meaning you just need to come up with 7% the face value of a contract in order buy it. I'd say triple that would be a better margin.
 
2011-04-18 03:38:58 AM  

snark puppet: There are reasons for high prices, again, in spring. It's sad we have to keep rehashing this every year. Right now refineries are setting up for the ridiculous variety of gasoline blends mandated by the environuts for summer driving. This reduces supply and drives prices up. And, Obama is a direct influence on higher prices because his administration keeps blocking drilling permits. Worse, Obama is sending our tax money to Brazil, so we can become their biggest customer.


I bet my entire portfolio (except for Ford) on Bakken oil, because I knew everything else would be banned/harassed by EPA/environmentalists, so I'm getting a kick out of this reply.

My one conspiracy theory: nobody is reporting how well/poorly they're doing with shale oil in South TX. Like, Bakken, people know, Niobara, they know, Colorado, they know what they could do if fracking hadn't been shut off, but South TX/Eagle Ford, it's "quiet."

/Brigham Exploration's averaging 2k bpd on each of their 56 wells in the Bakken, with a recent one doing 5300 bpd. But South TX, unlike the Bakken on other unconventional plays, doesn't have huge problems getting its oil to market the way KOG, SSN or other smaller Bakken players have. I mean seriously, the new pipeline to ND only added 60K bpd; BEXP alone fills that one up.

//Also, no oil companies worth buying in South Texas. My other conspiracy. South TX, you get no clue as to BPD for any well, too much of the land still be sought. At least for Permian Shale, you can grab some kind of dividend-paying leveraged "partnership" and feel like you're diversifying. (Not doing that; don't quite understand it.) It's all the integrateds playing in South TX. OK, CEXP, but Pee-you.
 
2011-04-18 03:44:02 AM  

neaorin:
None of the "drill, baby, drill" people have any real answer to your question. Basically they try to save face with "this just gives us more time to develop alternative energies!".


FTFM.

/coffee
 
2011-04-18 03:48:02 AM  

BearToy: ...open up that big V8 so they can be the first one applying breaks at the last minute at the next red light.


"Brakes". The things that stop cars are called "brakes".
 
2011-04-18 03:49:31 AM  

Zamboro: you still have personal mobility.


farm2.static.flickr.com

Personal mobility is very important.
 
2011-04-18 03:51:09 AM  
Behold the power of greed.
 
2011-04-18 03:57:53 AM  
I really hope Villaraigosa's 30/10 initiative (recently rebranded America Fast Forward) gets some looks from Congress this year though I doubt it because of the GOP controlled house. Building the Purple Line to Westwood and completing the Crenshaw Line, LAX extension and downtown connector would really help the Metro do well in LA and help alleviate some traffic and enable denser developments around some of the train stations.
 
2011-04-18 04:02:02 AM  
neaorin:
None of the "drill, baby, drill" people have any real answer to your question. Basically they try to save face with "this just gives us more time to develop alternate energies!".

Uh, we've had lots of time to do that. Decades. Why didn't we do it?


So your plan is:

1. Let gas prices go so high they bankrupt us all
2. ?
3. Free energy!

Or would you like to propose yet another "sustainable" but not scalable idea for cheap power?

All of the alternate fuel red herrings the enviros have been tossing out HAVE been researched. None of them would scale except nuclear. One reason oil economics are a self perpetuating problem is because new nuke plants have been blocked so thoroughly by regs and red tape there's no economic reason to build any. The US has huge reserves of natural gas, but just try to get a permit to develop it. The insanely high cost of energy is a direct result of the environmental vanity of the green movement.
 
2011-04-18 04:13:38 AM  

snocone: Free Market, I am disappoint.


This is the free market. Speculators are driving the prices higher and making themselves big cash.
 
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