Gas prices
#33
02-27-2011, 12:30 AM
#34
02-27-2011, 08:40 AM
Cargo Master
Back in the 1970s when gasoline was rationed, I had to work 15-minutes to buy one gallon of gas (paid about 75-cents per gallon). Nowadays, one gallon costs me a whole lot LESS than 15-minutes of labor. While I don’t look forward to paying more, it would not surprise me to see prices settle between $6 to $7 per gallon.
#35
02-27-2011, 09:02 AM
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Back in the 1970s when gasoline was rationed, I had to work 15-minutes to buy one gallon of gas (paid about 75-cents per gallon). Nowadays, one gallon costs me a whole lot LESS than 15-minutes of labor. While I don’t look forward to paying more, it would not surprise me to see prices settle between $6 to $7 per gallon.
#36
02-27-2011, 01:37 PM
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Funny, when this happened in 2004-2005 everyone was blaming bush. Now it's the problems in Africa, egypt, bahrain. Also the demand when up.
Sound like oil producers and companies look for any reason to jack prices!
#38
02-28-2011, 08:24 AM
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#39
02-28-2011, 09:24 AM
Mountain Pass
About 6 months ago a news program on oil and one of
the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask
you a direct question and I would like a direct answer; how much oil does
the U.S. have in the ground?" Forbes did not miss a beat, he said, "more
than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2008 that only
scientists and oil men knew was coming, but man was it big. It was a
revised report (hadn't been updated since 1995) on how much oil was in this
area of the western 2/3 of North Dakota, western South Dakota, and extreme
eastern Montana ..... check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay
, and has the potential to eliminate all American dependence on foreign oil.
The Energy Information Administration (EIA) estimates it at 503 billion
barrels. Even if just 10% of the oil is recoverable... at $107 a barrel,
we're looking at a resource base worth more than $5...3 trillion.
"When I first briefed legislators on this, you could practically see their
jaws hit the floor. They had no idea.." says Terry Johnson, the Montana
Legislature's financial analyst.
"This sizable find is now the highest-producing onshore oil field found in
the past 56 years," reportsThe Pittsburgh Post Gazette. It's a formation
known as the Williston Basin , but is more commonly referred to as the
'Bakken.' It stretches from Northern Montana , through North Dakota and
into Canada . For years, U. S. oil exploration has been considered a dead
end. Even the 'Big Oil' companies gave up searching for major oil wells
decades ago. However, a recent technological breakthrough has opened up the
Bakken's massive reserves..... and we now have access of up to 500 billion
barrels. And because this is light, sweet oil, those billions of barrels
will cost Americans just $16 PER BARREL!
That's enough crude to fully fuel the American economy for 2041 years
straight. And if THAT didn't throw you on the floor, then this next one
should - because it's from 2006!
U.. S. Oil Discovery- Largest Reserve in the World
Stansberry Report Online - 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the
largest untapped oil reserve in the world. It is more than 2 TRILLION
barrels. On August 8, 2005 President Bush mandated its extraction. In three
and a half years of high oil prices none has been extracted. With this
motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than
all the other proven reserves on earth.. Here are the official estimates:
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .
HOW can this BE? HOW can we NOT BE extracting this? Because the
environmentalists and others have blocked all efforts to help America become
independent of foreign oil! Again, we are letting a small group of people
dictate our lives and our economy.....WHY?
James Bartis, lead researcher with the study says we've got more oil in this
very compact area than the entire Middle East -more than 2 TRILLION barrels
untapped. That's more than all the proven oil reserves of crude oil in the
world today, reports The Denver Post.
Don't think 'OPEC' will drop its price - even with this find? Think again!
It's all about the competitive marketplace, - it has to. Think OPEC just
might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it, do this:
Pass this along. If you don't take a little time to do this, then you
should stifle yourself the next time you complain about gas prices - by
doing NOTHING, you forfeit your right to complain.
Check it out at the link below, this is a government US Geological website!!!
<http://www.usgs.gov/newsroom/article.asp?ID=1911>;
The Moderator may wish to remove this comment if it is considered to be out of line with the Forum Rules. No harm intended.
#40
02-28-2011, 09:33 AM
It is all BS.... one tiny problem overseas and they jack gas prices up 25 cents in hours.... it could snow on the south pole and they raise gas prices. It seems they find any excuse to raise them. Just wait a month and they will be back around 2.75 Hope it happens sooner my X is on 1/4 tank and im a chepass and dont want to fill her up while it is 3.45 right now.... so im driving the gas saver
#41
02-28-2011, 10:22 AM
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#44
02-28-2011, 06:10 PM
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Just filled up at $3.39 for regular here in Central IL. $92 worth.
Honestly... I dont really give a damn about gas prices. I enjoy my toys, and I refuse to step down and drive a 'fuel efficient' vehicle just based on gas prices. I guess if my wife and I were in a different financial situation, I'd be singing a different tune, but dropping another $15 or $20 into the tank every week to be comfortable is something I'm not going to bitch about too much.
Interesting post above about the huge oil reserve under the Dakota's though.
Honestly... I dont really give a damn about gas prices. I enjoy my toys, and I refuse to step down and drive a 'fuel efficient' vehicle just based on gas prices. I guess if my wife and I were in a different financial situation, I'd be singing a different tune, but dropping another $15 or $20 into the tank every week to be comfortable is something I'm not going to bitch about too much.
Interesting post above about the huge oil reserve under the Dakota's though.
