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Is F-150 Still King?
 
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Old 04-21-2008, 12:11 AM
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More fuel cost stupidity

Well folks I thought I had heard it all till this morning. I was out getting some breakfast with the girlfriend and ran into a guy who had a beautiful 88 F350 with a 6.9 that he installed after his 7.3 died. Anyway after talking I find out he works for the oil refinery. Now this is where it gets odd. I asked him why it was so hard to make enough ULSD to meet demand. I got one heck of an eye opener. The refinery hasn't been producing any as all the holding tanks are completely full. Seems that the company heads decide how much fuel they'll allow out to the public as a way of controlling the price. I think we need to really give these jokers a wake-up call and all of us that burn oil should strike for a few days. The truckers tried it but weren't organized enough. If everyone out there that drove a diesel stopped completely for a few days this country would come to a complete standstill. I'm not sure what everyone else is paying right now but when I went by the station tonight they were advertising 4.15 a gallon. If we don't do something immediately we are probably going to be looking at 5 dollar a gallon fuel by the end of the year.
   
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Old 04-21-2008, 12:38 AM
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That explains why they have record profits every year even though they are supposedly not making any money. What a bunch of crap!!!!!!!!!!
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Old 04-21-2008, 12:55 AM
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Tell me about it. I think he said they had like 10 of those huge holding tanks completely full.
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Old 04-21-2008, 01:00 AM
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Are they locked?
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87 F-250 6.9L, Banks Turbo, Autometer gauges and pilar, 94 Pump and Nozzles. Adj by Gustafson Farms.

75 Ford F-250 4 speed 390

99 Dodge 2500 5.9L Cummins Turbo Diesel, Lasser cut nozzles, Edge Comp, Holley Black lift pump, 4" straight pipe.
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Old 04-21-2008, 01:28 AM
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Quote:
Originally Posted by chris1066 View Post
Are they locked?
LOCKED????
Who cares if it's locked!!!
I'll take care of any lock we need to deal with.
Now, who will supply the tanker trucks?

One for each of us I think.
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Old 04-21-2008, 01:36 AM
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Yeah, the way things are headed, we will probably need a tanker truck each. So which one of us gets to be Mad Max?

And that is the biggest reason why I like electric cars. You can make your own "fuel" for them. Biodiesel has similar potential if done right (algea), but either way we have to figure out something to take some of that power back.

We are bracing for major price hikes in canada and a few spots here in BC already posted prices in the $1.40/liter range. It sucks.
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Old 04-22-2008, 03:59 AM
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Dodge/Cummins is starting off with a positive reputation.
I don't get why people haven't gotten over the "don't drill here/don't build your refinery here" CRAP.
We have TTOONNSS of oil in our own country, we just aren't using it!
Keep looking for alternatives but use what we HAVE!
If it's trully being manipulated by "BIG OIL" lets open up the country to "little oil"!!!!
Plus lets charge Mexico in oil for the up-keep of their ILLEAGAL aliens. They send their dregs/criminals here on purpose. We are like Mexico's Australia of 200 years ago, a penal colony, we know it but we keep footing the bill.
If you come here LEGALLY, GREAT, WELCOME I don't care who you are, ILLEGALLY go to jail, you're free labor for us and then get out! The next time we catch you: free labor twice as long, get out. Etc. etc. etc. Someday you'll learn.
And we still send Mexico the bill, they have lots of oil, we just need to help them get to it. They can keep whatever they don't owe us.
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Old 04-22-2008, 07:28 AM
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Saudi doesn't have the oil they think they do. I think our country is just waiting for them and some others to run out of crude and then, wow look what we found and we will sell it the the rest of the world for major $$$$. Just my opinion.
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Old 04-22-2008, 11:38 AM
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You have to remember that there is a lot of money being made off of oil royalties in the USA and probably even more in canada (per capita). Canada has been running balanced budgets for over 10 years now, and is steadily paying down national debt with surpluses. Alberta payed off its debt a few years ago and continues to make huge surpluses considering the population size (pisses off ontario to no end!!).

As far as alternatives go, high energy prices will be the catalyst that makes it happen sooner than later. This may sound crazy, but with the price of oil being inflated while the cost of battery powered cars (or trucks), solar power, wind power, or biofuel continues to fall, you could end up with price collapse in the future (the value of enron was inflated too). While there may have be increased demand of oil in the last few years, there is by no means a supply shortage. So once again we have day trading speculators to thank.

I hate to say it, but this is one of the drawbacks of having so few controls on the free market. In this case, oil producers actually make more money by NOT reinvesting their profits in new drilling or operations. What is their motivation to drive the price of oil back down? However with such volatility with the price, its clear that we are playing with fire. High fuel prices are one thing, instability is quite another.
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Old 04-22-2008, 12:09 PM
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Buying foreign oil, the oil companies are making an average of $.08 per gallon profit. Which is not much at all in itself. State taxes alone are 3 times that amount. When you consider that it costs about $.50- $1 to pull a $117 barrel out of the ground, its clear who is making the money. I don't think we would have fuel at $4 a gallon if the price wasn't being falsely inflated.

Don't believe for a second that our fuel prices will drop if we cut off foreign supply and start producing our own as a sole source. The cost to the oil companies of drilling rights for domestic oil is absurd, almost in the billions. And the environmental restrictions add to that cost. The oil companies will eventually raise their profits if allowed to drill here, but the prices will not drop. SImply because they've proven that we will pay the price.

Jason
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Old 04-22-2008, 01:01 PM
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The problem with crude oil is that there is no competition from other energy sources when you consider that everything that moves is affected by crude. Therefore, the normal free market rules of supply and demand do not really apply to the price of oil, so they can charge whatever they want, we simply don't have any choice but to pay for it.
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Old 04-23-2008, 12:39 AM
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Dodge/Cummins is starting off with a positive reputation.
I'm saying the do-gooders need to BACK-OFF and let us drill OUR oil in a reasonable way. If we were drilling for oil everywhere we had it there would be smaller companies with oil to sell. And we need more refineries, maybe owned by smallER companies too. If there are a bunch of small guy selling oil, gas and diesel etc. there would be more supply on the market and lower price BECAUSE of the free market. Supply and demand at work. I'm not saying it will happen just that it SHOULD happen.

I'm not so shure lunatech doesn't have a point too, I've heard that theory before and it makes some sense but at current prices it might be time to use our oil before it loses its value. We'll be using oil for a long time but as David85 says the alternate sources will SOMEDAY place oil further down the list.
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Old 04-23-2008, 12:54 AM
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I think in the near future there will be an economic collapse in the country. I hope I am wrong but I think it is going to get real bad. There will history made soon.
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Old 04-23-2008, 12:55 AM
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Speaking of the greenies...
Happy Earth Day!!! I did my part and took the family out and cut down a nice tree to decorate

Jason
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'08 Dodge 2500 MegaCab 4wd, 6.7 Cummins, 6 spd auto, DPF & EGR fell off
'93 F350 CC 4wd 7.3L 5spd, 240K miles
'69 Bronco SEFI 5.0, NP435, geared, locked...
'77 F150 4wd 351M, 435, 205
'79 F150 4wd lwb 400, 435, 205

Missing your Prius, check under my tires...
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Old 04-23-2008, 12:56 AM
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Quote:
Originally Posted by catfish101 View Post
I think in the near future there will be an economic collapse in the country. I hope I am wrong but I think it is going to get real bad. There will history made soon.
Hopefully not a repeat of the 1930's...

Jason
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'08 Dodge 2500 MegaCab 4wd, 6.7 Cummins, 6 spd auto, DPF & EGR fell off
'93 F350 CC 4wd 7.3L 5spd, 240K miles
'69 Bronco SEFI 5.0, NP435, geared, locked...
'77 F150 4wd 351M, 435, 205
'79 F150 4wd lwb 400, 435, 205

Missing your Prius, check under my tires...
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