- May 7, 2005
- 625
- 0
- 0
Originally posted by: BoomerD
The oil companies could drill every pocket of oil in every nook & cranny in America, and it won't drop the price of gasoline/oil at all. There is no shortage of oil, in fact, we're at an 8 yr hgh in product availablilty. What is driving the price thru the roof, is the speculators, betting that the impending mid-east troubles (continuing?) will create a shortage. Coumpounding the problem, is that the oil companies are in the mix of speculators, even though many of them own their own oil fields, refineries, and distribution systems. So, if the price goes up, they make more for their product, even though it costs them the same to drill, pump, refine, and distribute it...if they have to pay more for the oil they buy, they just pass that added cost on to the consumer, so they STILL make their profit...win-win for them...
Originally posted by: CalvinHobbes
Originally posted by: BoomerD
The oil companies could drill every pocket of oil in every nook & cranny in America, and it won't drop the price of gasoline/oil at all. There is no shortage of oil, in fact, we're at an 8 yr hgh in product availablilty. What is driving the price thru the roof, is the speculators, betting that the impending mid-east troubles (continuing?) will create a shortage. Coumpounding the problem, is that the oil companies are in the mix of speculators, even though many of them own their own oil fields, refineries, and distribution systems. So, if the price goes up, they make more for their product, even though it costs them the same to drill, pump, refine, and distribute it...if they have to pay more for the oil they buy, they just pass that added cost on to the consumer, so they STILL make their profit...win-win for them...
Can't wait for our govt, to start holding hearings about the price gouging. Oh wait, they're not interested in hurting the oil companies, what was I thinking.
Originally posted by: CalvinHobbes
Originally posted by: BoomerD
The oil companies could drill every pocket of oil in every nook & cranny in America, and it won't drop the price of gasoline/oil at all. There is no shortage of oil, in fact, we're at an 8 yr hgh in product availablilty. What is driving the price thru the roof, is the speculators, betting that the impending mid-east troubles (continuing?) will create a shortage. Coumpounding the problem, is that the oil companies are in the mix of speculators, even though many of them own their own oil fields, refineries, and distribution systems. So, if the price goes up, they make more for their product, even though it costs them the same to drill, pump, refine, and distribute it...if they have to pay more for the oil they buy, they just pass that added cost on to the consumer, so they STILL make their profit...win-win for them...
Can't wait for our govt, to start holding hearings about the price gouging. Oh wait, they're not interested in hurting the oil companies, what was I thinking.
Originally posted by: Eeezee
If gas hits $5/gallon, enough people will be removed from the highway that rush hour traffic will disappear. Everyone will carpool, bike, or, horrors of horrors, ride the BUS! But at that point the bus might cost $3 to ride! O_O
Most people will just bite the cost and factor it into their budget. I suspect many people will try to give up their SUVs if they're just doing suburban/urban driving.
Originally posted by: Playmaker
I hope you're right. If I could get a deal on a car with poor MPG based on the middle east situation I'd be all over it.
Originally posted by: jagec
Meh...at least it will get the SUVs off the road.
Originally posted by: dxkj
Originally posted by: Eeezee
If gas hits $5/gallon, enough people will be removed from the highway that rush hour traffic will disappear. Everyone will carpool, bike, or, horrors of horrors, ride the BUS! But at that point the bus might cost $3 to ride! O_O
Most people will just bite the cost and factor it into their budget. I suspect many people will try to give up their SUVs if they're just doing suburban/urban driving.
Enough people will be removed from the highway? What are you smoking? 90% of people wont change their driving habits.
Originally posted by: Random Variable
Originally posted by: Xanis
The day gas hits $5.00 a gallon is the day I take my chances riding my bicycle to work down the interstate.
EDIT: Oh, and I can laugh at everyone while my little four-banger gets 28 MPG city.
I can laugh even harder beause my litte four-banger gets 58 MPG (~75% city driving) in the summer.
Originally posted by: jagec
Meh...at least it will get the SUVs off the road.
Originally posted by: Fritzo
Originally posted by: Random Variable
Originally posted by: Xanis
The day gas hits $5.00 a gallon is the day I take my chances riding my bicycle to work down the interstate.
EDIT: Oh, and I can laugh at everyone while my little four-banger gets 28 MPG city.
I can laugh even harder beause my litte four-banger gets 58 MPG (~75% city driving) in the summer.
The only car made with that kind of mileage is an Insight, and they're 60mpg Hwy.
Originally posted by: Fenixgoon
i can't stand how gas prices are motivated by FUD... really annoying. one morning my mom went insane cause gas prices jumped 30 cents. now, i understand that that is a HUGE increase, but at the same time... it wouldn't break the bank.
Originally posted by: EyeMWing
Originally posted by: Fritzo
Originally posted by: Random Variable
Originally posted by: Xanis
The day gas hits $5.00 a gallon is the day I take my chances riding my bicycle to work down the interstate.
EDIT: Oh, and I can laugh at everyone while my little four-banger gets 28 MPG city.
I can laugh even harder beause my litte four-banger gets 58 MPG (~75% city driving) in the summer.
The only car made with that kind of mileage is an Insight, and they're 60mpg Hwy.
That's sold in the United States. All kinds of cars get 60-80mpg in Europe.
Originally posted by: Fritzo
If he was in Europe, he woud have said KPG instead of MPG.
Originally posted by: CalvinHobbes
Originally posted by: BoomerD
The oil companies could drill every pocket of oil in every nook & cranny in America, and it won't drop the price of gasoline/oil at all. There is no shortage of oil, in fact, we're at an 8 yr hgh in product availablilty. What is driving the price thru the roof, is the speculators, betting that the impending mid-east troubles (continuing?) will create a shortage. Coumpounding the problem, is that the oil companies are in the mix of speculators, even though many of them own their own oil fields, refineries, and distribution systems. So, if the price goes up, they make more for their product, even though it costs them the same to drill, pump, refine, and distribute it...if they have to pay more for the oil they buy, they just pass that added cost on to the consumer, so they STILL make their profit...win-win for them...
Can't wait for our govt, to start holding hearings about the price gouging. Oh wait, they're not interested in hurting the oil companies, what was I thinking.
Originally posted by: SampSon
As for gas that expensive, many other nations get by just fine with thoes prices.