o1s

it would take a few years before you saw a difference if any at all.

Wisc Badger

i dunno it there is that much more to drill in the US... Oil doesn't grow on trees, its only in certain places and takes about 15,000 years to be produced organically.

Wisc Badger

how much has it been costing everyone for a full tank lately?

I wasn't totally empty today but it was like $47 to fill up like 7/8th of a tank in the bimmer

S14 n Tsx

ummm... I thought we were saving our oil? correct me if I'm wrong..

Wisc Badger

yeah thats part of it too i think but from what I've been taught in my Earth Sci/Geology class, the weathering process of making oil is pretty involved. Alaska has a bunch still but comparatively speaking, the middle east and south american have much more to offer.

S14 n Tsx

true.

I doubt that we are going to $3 flat gas price again, FOREVER!!

This is why we are trying to create alternative resource to take away that high demand from oil. I heard that by 2010, all automobiles in US is required to have 30/40 mpg.

S14 n Tsx

China and India got lot to do w/ our oil price, I think someone already mentioned this earlier.

US is really trying to push Ethanol as alternative resource, but requires way too much of work. Ethanol only can be delivered through truck, which requires oil to run those trucks to transport those ethanol so what's the point? Not to mention that the process of making ethanol creates huge amount of pollution.

Can ethanol really replace oil as alternative resource? probably not..

zot09

To me, gas prices appear to follow a certain trend, at least for the past few years. They start rising sharply before summer hits until summer ends, then the prices drop down a bit during fall but not enough to get back to the same point in time a year ago. It's just gonna keep going up

Fucking Costco gas was $3.91 for 91 octane today! That means Shell and Chevron must be over $4

S14 n Tsx

I'm sure the hot weather helps out even more. I'm in cali right now and it is way too hot for me (from Seattle). I'm scare to turn on AC, but can't stand the heat.

Costco

Call me crazy but I'm hoping gas prices go up, at least for those in SUVs. Not because I want to pay more, but because I'm tired of fucking huge ass 8-passenger SUVs driving by one woman on the highway. Also parked on the curb blocking my view of oncoming traffic while I'm trying to back up out of a driveway, blocking my field of vision on the freeway and on the street, etc. I don't understand why ANYONE would need a big ass SUV to commute to work daily unless they towed/hauled something somewhere far at least once a month or two. Better yet they should start taxing based on vehicle size/displacement like they do in Europe.

And on the opposite end of the spectrum, extremist treehuggers can stick their boring ass hybrids up their collective asses.

And I think the strategy is to use all of OPEC's oil, then when the bastards run out we'll start drilling more of our own. Pretty smart and douchebaggish if you ask me.

Funny thing - I went to the airport a month ago and saw oil drills near the terminals.

JediMindTricks

that's because we haven't had a president that's graduated from hogwarts.

and yea, i remember gas prices being $.99/gallon about 10-11 years ago.

mrsteve

iTrader: (1)

REGINA -- Saskatchewan government and industry officials are encouraged by a recent United States Geological Survey (USGS) report that estimates there is 3.65 billion barrels of recoverable oil in the Bakken Formation in North Dakota and Montana.

The USGS report, which was requested by North Dakota Sen. Byron Dorgan, indicates technically recoverable oil is 25 times higher than the 1995 estimate of 151 million barrels of Bakken oil in the two states.

"Technically recoverable oil" refers to oil that can be produced using current technology and industry practices, but not necessarily economically.

Based on the USGS estimate of three to 4.3 billion barrels (for a mean estimate of 3.65 billion barrels), the Bakken Formation would be "the largest continuous oil accumulation ever assessed by the USGS,'' the report said.

To the end of 2007, about 105 million barrels of oil have been produced from the Bakken in the northern states, including 65 million barrels from the Elm Coulee field in Montana, which was discovered in 2000.

http://www.canada.com/reginaleaderpo...f664d3&k=28834

mrsteve

iTrader: (1)

YES!

SwervinCL

Uhh.. Yes you could.. Gas in 97-98 was around .88 - .97/gallon...

Converted

I started driving 9 years ago... I remember it being $0.89 for regular when I would fill up. Funny how people forget how cheap it was less than 10 years ago.

Wisc Badger

you never know... look at those charts on page 1... we've seen periods where we jumped up a dollar and then back down a dollar so it is possible i guess.

TzarChasm

Harry Potter for President

F'ing Jedi got it in before me

JediMindTricks

TzarChasm

Yes and not only that the US is buying up large amounts of other countries oil just to save it. We could lower the price of oil by simply not adding more to the stratigic reserve.

jupitersolo

That was before China and India became very high demand Countries.

spdy0001

Those days in HS we would cruise at night just for the fun of it. Now I try to only go out and do everything on certain nights just to save gas

0.89/gal FTMFW

jupitersolo

It's funny to see how many people are complaining about the price of gas, just not here, but everywhere. But have NO PROBLEM paying like $20- $25 a gallon for coffee. That's using a 22oz cup at $4.00 each. But I don't know that if my pricing is correct, I don't drink coffee.

TzarChasm

I don't think gas is really all that expensive, then again, i've lived in Europe so whatever. It's still cheaper than milk, so my cat drinks unleaded.

SakiGT

Blame your 401ks demanding profit
Blame your demand for cheap goods from China
Blame your demand for cheap services that outsource to India
Blame your demand for cars with shitty mpg
Blame your desire for plastic packaging
Blame your desire for a no downpayment for a home you cant afford

Weve been riding on the backs of other countries and our credit for so long - and now people are surprised its biting us in the ass.

dom

But who drinks 15 gallons a coffee a week?

spdy0001

While I agree with your theory there is a problem. I don't drink coffee either, but many liquids are more expensive than gas. The difference is that these other liquids are much easier to limit or eliminate your consumption. However to live in the US in a semi rural city I am required to drive to work, grocery store, and various other places just to live. Its also a nice idea to suggest everyone run out and purchase a lower MPG vehicle, but thats not always an option for everyone.

Just playing devils advocate....

BackToStock

::ibbushchargesataxonacurazine::

S A CHO

How about we all get together in a secret underground layer and nobody is allowed to leave until we develop a car that runs on fucking air...

Show those rich oil bastards who we are...

It cost me $74.00 to fill up my car last night

jupitersolo

I knew plenty of people in the AF that did. All I was doing was comparing it to other consumer items used, and in this case both gas and coffee are commodities (just as pork is, bacon!!). Just as other have done with the charts and newspaper articles that have been posted here.

teranfon

Speculation and global demand aside, I definitely think gasoline will increase in price this summer. Although our high Canadian dollar has sheltered us somewhat, fuel prices are increasing in Canada as well.

Before gasoline prices dramatically increase, I purchased 6000 litres of gasoline and 4000 litres of diesel fuel to get me over over the summer (no, I'm not telling anyone where I live).

Terry

dom

If you don't mind me asking, how much did you pay? I hear farmers save boatloads.

hornyleprechaun

Uh gas about 9-10 years ago around me got to .59/gallon..

fuzzy02CLS

iTrader: (2)

The poor value of the dollar is also a factor. A dollar is worth less so as a result things costs more in dollars. Oil is tied to US dollars.

Drilling will not do a thing. The problem is US refining. There haven't been any new refineries built on a long time. While the world population/demand has grown no one has grown the ability to produce fossil fuels. Or seek alternative energy.

The US is to blame for the entire thing.

dom

I know what you're getting at. But most don't drink enough coffee or milk or bottled water for their prices to become a problem. People need a reason to complain.

mrsteve

iTrader: (1)

The government (state, local, and federal) typically make more on a gallon of gasoline than the oil companies:



http://www.energy.ca.gov/gasoline/margins/index.html

mrsteve

iTrader: (1)

There is plenty of oil left in the world to keep us burning oil for many many many years to come. We've come up with alternative energy but none of the methods are as efficient and productive as good old oil.

You are 100% correct on the refiners though. There is absolutely no reason we should be importing gasoline.

teranfon

Hi dom

We basically have the road tax removed for dyed fuels. When I speculated and purchased in bulk it was just under a dollar a litre. As I'm sure you've heard, some analysts in Canada have remarked that a $1.50 a litre at the pumps is a definite possibility this summer.

Terry

phile

That is sick!

But yeah, I remember when I first started driving, my little Civic would cost only around $11-12 to fill up (and this was during the summer!). I could drive for around 2 weeks without even filling up.

Wisc Badger

i like where this discussion is going so much I am going to do a speech on it in a few weeks

S14 n Tsx

I hope so...