dullard
Elite Member
- May 21, 2001
- 26,196
- 4,868
- 126
Does anyone have a nice compact list of Anandtech posters who stated that oil was not going to be anywhere close to the inflation adjusted high of nearly $100?
While I don't quite believe the $300/barrel price of the thread title will be here any time soon, the $100/barrel price is certainly a realistic possibility.
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
Originally posted by: Engineer
Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
Maybe because motor oil is i a highly recycled product?
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Don't forget there is hardly any oil to put in those quarts too.
The Republicans said so.
Originally posted by: charrison
Maybe because motor oil is is a highly recycled product?Originally posted by: Engineer
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Another lie. Typical Republican drivel that they expect the Sheeple to believe.
Oil is not recycled into Oil to be used in vehicles again.
It is re-used into other products that require a petroleum base.
Originally posted by: dmcowen674
Originally posted by: charrison
Maybe because motor oil is is a highly recycled product?Originally posted by: Engineer
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Another lie. Typical Republican drivel that they expect the Sheeple to believe.
Oil is not recycled into Oil to be used in vehicles again.
It is re-used into other products that require a petroleum base.
Maybe so, I only assumed it would be recycled back into motor oil as the oil is for the most part only dirty.
Well, thanks for owning up to that.Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: charrison
Maybe because motor oil is is a highly recycled product?Originally posted by: Engineer
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Another lie. Typical Republican drivel that they expect the Sheeple to believe.
Oil is not recycled into Oil to be used in vehicles again.
It is re-used into other products that require a petroleum base.
Maybe so, I only assumed it would be recycled back into motor oil as the oil is for the most part only dirty.
Now enjoy those garbage bags and other plastic products made from the recycled Oil.
Originally posted by: dmcowen674
Well, thanks for owning up to that.Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: charrison
Maybe because motor oil is is a highly recycled product?Originally posted by: Engineer
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Another lie. Typical Republican drivel that they expect the Sheeple to believe.
Oil is not recycled into Oil to be used in vehicles again.
It is re-used into other products that require a petroleum base.
Maybe so, I only assumed it would be recycled back into motor oil as the oil is for the most part only dirty.
Now enjoy those garbage bags and other plastic products made from the recycled Oil.
linkage
Looks like I may not be wrong after all.
Looks like there is a very strong economic factor in turning old motor oil into new motor oil.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
One of the Federal Reserve Board govenors stated today that the Fed had to remain vigilant because of the sheer high prices coming down the pipe from energy. Looks like interest rate hikes might just be around longer than thought. Consumers being hit on all sides with high energy prices and higher rates on their "spending side" (negative savings).
Also, some economists have (CNBC) now stated that they believe that GDP for the 2nd quarter may come in at 2.5% because of the high energy prices. Not sure on that one.
Also, some economists have (CNBC) now stated that they believe that GDP for the 2nd quarter may come in at 2.5% because of the high energy prices. Not sure on that one.
Congrats bush and Republicans.
No natural disaster to blame this time, it's strictly a GOP disaster.
4-17-2006 Oil Prices Settle at Record, Above $70
WASHINGTON - Oil prices settled at a record high above $70 a barrel on Monday, rising more than $1 on concerns about supply disruptions in Nigeria and diplomatic tensions between the West and Iran over Tehran's nuclear ambitions.
On an inflation-adjusted basis, oil prices would have to rise above $90 to exceed the all-time highs set a quarter century ago when supplies became tight in the aftermath of a revolution in Iran and a war between Iraq and Iran. In 2005 dollars, the average price of crude in 1980 was just under $77 a barrel.
========================================
Of course had to throw in the Republican excuse that it's still under inflation :roll:
No natural disaster to blame this time, it's strictly a GOP disaster.
4-17-2006 Oil Prices Settle at Record, Above $70
WASHINGTON - Oil prices settled at a record high above $70 a barrel on Monday, rising more than $1 on concerns about supply disruptions in Nigeria and diplomatic tensions between the West and Iran over Tehran's nuclear ambitions.
On an inflation-adjusted basis, oil prices would have to rise above $90 to exceed the all-time highs set a quarter century ago when supplies became tight in the aftermath of a revolution in Iran and a war between Iraq and Iran. In 2005 dollars, the average price of crude in 1980 was just under $77 a barrel.
========================================
Of course had to throw in the Republican excuse that it's still under inflation :roll:
Originally posted by: charrison
Originally posted by: dmcowen674
Well, thanks for owning up to that.Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: charrison
Maybe because motor oil is is a highly recycled product?Originally posted by: Engineer
Nah, oil inventories are at an 8 year high. Can't be the same oil used to make gasoline!Originally posted by: jlbenedict
When I got out of the military back in 2002, I believe I remember paying $1.25 per gallon.
Here we are in 2006, and gas has approached $3.00 per gallon, but in this same timeframe, the price of a quart of 10W/30W motor oil STILL costs the same as it did five years ago.
Must be that supply & demand thing.. vehicles today don't use motor oil
Refinery capactiy is going to continue to bite the consumer (and reward the oil companies). I don't seen more refineries being built - ever - and why should they? Oil will eventually decline in quantity and there will be no need. Milk it for all it's worth and more.
And yes refinaries have been expanded recently and there will be the need for refinaries as coal to liquids/gas will need such infrastructure.
Another lie. Typical Republican drivel that they expect the Sheeple to believe.
Oil is not recycled into Oil to be used in vehicles again.
It is re-used into other products that require a petroleum base.
Maybe so, I only assumed it would be recycled back into motor oil as the oil is for the most part only dirty.
Now enjoy those garbage bags and other plastic products made from the recycled Oil.
linkage
Looks like I may not be wrong after all.
Looks like there is a very strong economic factor in turning old motor oil into new motor oil.
On average, about four million people reuse motor oil as a lubricant for other equipment or take it to a recycling facility.
Recycled used motor oil can be re-refined into new oil, processed into fuel oils and used as raw materials for the petroleum industry.
One gallon of used motor oil provides the same 2.5 quarts of lubricating oil as 42 gallons of crude oil.
========================================
Please re-read.
While it is OK to use old oil to lubricate your door hinges, it is not common practice to put back into your ICE (Internal Combustion Engine).
I don't think you will find re-cycled Oil on the store shelf or your local Speedy Lube.
If you do, please let me know who is willing enough to take the risk on their expensive automobile investment. Does vehicle warranty's accept re-cycled oil???
Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up Up
4-18-2006 Oil Prices Hit Record, Above $71 a Barrel
4-18-2006 Oil prices settled at a new high above $71 a barrel Tuesday as supply threats around the world overshadowed a new report from OPEC forecasting weakening global demand.
4-18-2006 Oil Prices Hit Record, Above $71 a Barrel
4-18-2006 Oil prices settled at a new high above $71 a barrel Tuesday as supply threats around the world overshadowed a new report from OPEC forecasting weakening global demand.
4-19-2006 Iran President Mahmoud Ahmadinejad said Wednesday Oil Prices Still Below Real Value
TEHRAN, Iran - President Mahmoud Ahmadinejad said Wednesday that crude oil prices were still below their "real value," and developed countries were benefiting the most from high oil prices, state-run Tehran radio reported.
"The global oil price has not reached its real value yet. The products derived from crude oil are sold at prices dozens of times higher than those charged by oil-producing countries," the report quoted Ahmadinejad as saying.
=====================================
Can't wait for the resident Republicans to side with the Iranian Terrist President.
TEHRAN, Iran - President Mahmoud Ahmadinejad said Wednesday that crude oil prices were still below their "real value," and developed countries were benefiting the most from high oil prices, state-run Tehran radio reported.
"The global oil price has not reached its real value yet. The products derived from crude oil are sold at prices dozens of times higher than those charged by oil-producing countries," the report quoted Ahmadinejad as saying.
=====================================
Can't wait for the resident Republicans to side with the Iranian Terrist President.
4-20-2006 Republican Congresswoman sends letter to constituent telling him he is an asshole for questioning Exxon profits
WASHINGTON - Nobody expects to get a letter from a member of Congress that ends with an expletive.
But that's what happened when Rep. Jo Ann Emerson, R-Mo., recently corresponded with a resident of her southeast Missouri district.
The man who received the letter, Bill Jones, of Centerville, Mo., declined to comment when reached by phone at his home Wednesday.
A copy of the letter had made its way to the Missouri Democratic Party, which faxed it to the AP.
Connor said that Emerson personally signed the letter, dated Feb. 15. She included a handwritten personal message at the bottom: "PS - please forgive the delay in responding."
Link to the Letter
WASHINGTON - Nobody expects to get a letter from a member of Congress that ends with an expletive.
But that's what happened when Rep. Jo Ann Emerson, R-Mo., recently corresponded with a resident of her southeast Missouri district.
The man who received the letter, Bill Jones, of Centerville, Mo., declined to comment when reached by phone at his home Wednesday.
A copy of the letter had made its way to the Missouri Democratic Party, which faxed it to the AP.
Connor said that Emerson personally signed the letter, dated Feb. 15. She included a handwritten personal message at the bottom: "PS - please forgive the delay in responding."
Link to the Letter
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