Fuck gas prices...
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Wow, an article!
http://seattletimes.nwsource.com/html/businesstechnology/2004425507_fuelpriceqa20.html
"Clearly, there are underlying problems of supply. Production is flat in Russia, the world's second-ranked oil giant after Saudi Arabia. Civil unrest in Nigeria is knocking out about 1 million barrels per day."
And later...
"That question is hotly debated. The Commodities Futures Trading Commission, which regulates the trading of contracts for future delivery of oil — called futures — believes big pension funds and other institutional investors may accentuate a trend but are not the cause of high prices.
"If the fundamentals weren't strong, you couldn't play on the margin [speculate] in any event," said Frank Verrastro, director of energy programs for the policy research group Center for Strategic and International Studies."
Not to mention Mexico is set to be an net importer in about half a decade, as their largest oil field (and the world's second largest) crashes. Remember, after Canada, we get most of our imported oil from Mexico.
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and.. i heard rumor that we're running low on the additives that legally need to be included in each gallon of gas, possibly driving up prices to near 10 bucks per gallon by this summer. it's just speculation.. of course.. but hey.. if we all expect it to be near ten bucks, won't everybody be happy at seven?
F&#$^$&@##&$^%&$#&$^%@&*@#!!!
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http://www.npr.org/templates/story/story.php?storyId=90041682
"So, he says, we guess what the supply and demand are. And the best guess tells us that supply hasn't gone down enough and demand hasn't gone up enough over the last year to account for the huge run up in fuel prices."
Now shut up. We can go back and forth all day with links we find online backing up what we believe so lets just leave it at Shut. Up.
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Gas and diesel is high because it can be. As long as it's being used, the customer will pay whatever price it is. Our damn country runs on gas and diesel (planes,trains,autos,trucks and semis), so as long as there's a need the companies can charge whatever they want and we'll, not so happily, spend our money to get it.
It's kinda like a funeral home. I don't think people are just suddenly going to stop dying, so there will alway be need for one and as we all now that business is a quite profitable one.Sterling Archer: Oh my god! You killed a hooker!
Cyril Figgis: Call girl!
Sterling Archer: No Cyril! When they're dead they're just hookers!
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Yes...I meant per barrel, not per gallon.
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reshalghoul;219781 wrote:
Still waiting for proof. I'll be happy to read it. Wasn't there a shortage of diesel fuel in ND last year?http://www.financialsense.com/editorials/engdahl/2008/0502.html
yes, there was a shortage in diesel in ND last year....but only in ND. MN and MT seemed to have plenty.
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We still haven't hit the same level of price inflation as they experienced in the 70's...
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They are definitely part of the problem, but not the full cause of the spike in prices. Other countries have not seen the gas hikes that the US has...or at least not proportionally the same.
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tjamz;219818 wrote:
They are definitely part of the problem, but not the full cause of the spike in prices. Other countries have not seen the gas hikes that the US has...or at least not proportionally the same.They are a bigger problem than you think....
China and India – two fast-growing giants – are increasingly affecting global markets and the global commons. Indeed, the two countries account for 37.5 percent of world population and 6.4 percent of the value of world output and income at current prices and exchange rates.
The United States has about 5% of the world population I believe. China and India are going to have a lot more market pull than the United States. Demand will keep rising as those countries catch up with the Jones'. OPEC will limit their supply and the price of a barrel of gas will continue to rise. This isnt just an issue about the poor United States and their outdated refineries not being able to keep up with our supply or the weak dollar.
Anyways here is a good article about energy and gas prices in the Wall Street Journal.
http://online.wsj.com/article/SB121139527250011387.html?mod=hpp_us_whats_news
...and another article saying $4.00 gas is a GOOD deal.
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SmitEvo;219775 wrote:
We still pay half of what Europe pays for a gallon of gas....it will hit at least $4.00 a gallon this summer.And our tax system is completely different so comparing our fuel prices to the fuel prices in Europe is like comparing a cargo van to a Supra.
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http://www.guardian.co.uk/business/2008/may/22/oil.bubble.economics
The oil prices will coming down when the bubble pops. Housing market anyone?
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MisterCMK;219824 wrote:
http://www.guardian.co.uk/business/2008/may/22/oil.bubble.economicsThe oil prices will coming down when the bubble pops. Housing market anyone?
Decreasing to what? We will never see sub $3.00 gas again.
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MisterCMK;219823 wrote:
And our tax system is completely different so comparing our fuel prices to the fuel prices in Europe is like comparing a cargo van to a Supra.Lol....wow. Your an idiot. I guess since they pay "higher taxes" they do not buy gasoline. That would be comparing apples to oranges I guess. :icon_scratch:s Maybe thats why they are more fuel efficient over there and dont buy gas guzzlers. Probably use more basic transportation like walking or biking. Perhaps thats a good reason why they aren't as fat in Europe compared to "Fat America". Either way they pay "more" for a gallon of gas than we do. Again, we do not have it so bad here do we...
European Comparision of gas prices.
What if gas cost $10 a gallon?
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/WhatIfGasCost10DollarsAGallon.aspx -
StangerBanger96;219815 wrote:
We still haven't hit the same level of price inflation as they experienced in the 70's...When adjusted for inflation, we pay more per barrel now than they ever did back then.
http://www.nytimes.com/2008/03/03/business/worldbusiness/03cnd-oil.html?hp -
SmitEvo;219839 wrote:
Lol....wow. Your an idiot. I guess since they pay "higher taxes" they do not buy gasoline. That would be comparing apples to oranges I guess. :icon_scratch:s Maybe thats why they are more fuel efficient over there and dont buy gas guzzlers. Probably use more basic transportation like walking or biking. Perhaps thats a good reason why they aren't as fat in Europe compared to "Fat America". Either way they pay "more" for a gallon of gas than we do. Again, we do not have it so bad here do we...European Comparision of gas prices.
What if gas cost $10 a gallon?
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/WhatIfGasCost10DollarsAGallon.aspxNow now, is the name calling really needed? The tax systems are different between the USA and Europe as is the infrastructure there. The taxes on fuel here generally goes to roads and transportation. In Europe, fuel taxes are used more for general revenue. This means that one cannot simply say that we are getting a good deal on fuel by comparing the price at the pump without digging deeper. Bottom line is that the tax structure is different and you can't directly compare them simply by looking at price.
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MisterCMK;219855 wrote:
Now now, is the name calling really needed? The tax systems are different between the USA and Europe as is the infrastructure there. The taxes on fuel here generally goes to roads and transportation. In Europe, fuel taxes are used more for general revenue. This means that one cannot simply say that we are getting a good deal on fuel by comparing the price at the pump without digging deeper. Bottom line is that the tax structure is different and you can't directly compare them simply by looking at price.Excuse my name calling...but if you were to fly to Europe right now and buy gas. How much would you be paying? Which would be the better deal for you? US or Europe? Taxes ARE part of the price of gas.
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