Posted April 28, 200817 yr omg just WOW! :cool: Start Get out Bikes and scooters The New York Sun -- Get ready for another economic shock of major proportions ? a virtual doubling of prices at the gas pump to as much as $10 a gallon. That?s the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize. Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon. There was a pray-in at a Chevron station in San Francisco on Friday led by a minister asking God for cheaper gas, and an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62. http://www.newjerseygasprices.com/news/Gas_May_Soon_Cost_a_Sawbuck/8060_302874/index.aspx
April 28, 200817 yr There is no basis for this basically two people said that gas is gonna be 10$ a gallon read the first incredibly intellegent post This is just plain sensationalism... feeding the frenzy, just like feeding the Pirannas... When will the educated stop listening to the wacked out media. Educate people in your area, folks... One person at a time... "The lie has speed, but the Truth has perseverance". Driving habits don't change overnight, unfortunately... BarryC has some good thoughts also! Hook'em! from the article Mr. Brodrick’s $200 oil forecast is largely predicated on a combination of pretty flat supply and rip-roaring demand. Other key catalysts include surging demand in China and India, where auto sales are booming, and major supply disruptions in Nigeria and also in Mexico, our second-largest source of oil imports, where oil production has fallen off a cliff. he doesnt even speculate that it will be 10$ a gallon in 5 years just that it will eventually reach 10$ a gallon which is a pretty meaningless prediction I predict milk will cost 20$ a gallon im pretty sure it eventually will with inflation maybe in 100-200 years Basically its just media hype from a prediction that has no meaning
April 28, 200817 yr I Hate people who make claims like this, and i hate people who post them screaming "OH NO THE WORLD IS ENDING".. this is akin to the Y2K doomsday people.. it never happened, so i will have to see it to beleive it. We already deal with $9 per gallon petrol prices over here at the moment,.the answer is NOT to complain about gas prices.. just stop driving the 5gallons per mile trucks, and buy sensible cars to do that 10 mile round trip to town in.
April 28, 200817 yr OH NO THE WORLD IS ENDING!!!! its a matter of economics. you aren't going to spend $10 on a bottle of water if someone down the street is selling gatorade for $1. if gas gets to a point where people cannot pay for it, they'll simply find other modes of transportation or alternative fuel sources.
April 28, 200817 yr Well, it isn't as simple as going and picking up a different fuel source. We need more research. Our economy is going to hurt until we can just go buy $1 Gatorade.
April 29, 200817 yr Well, it isn't as simple as going and picking up a different fuel source. We need more research. Our economy is going to hurt until we can just go buy $1 Gatorade. yes but gas isnt going to go from 3$ a gallon to 100$ as the price goes up more research is put into finding an alternative because the more likely it will be profitiable no one is trying to find an alternative to rice as a food source because rice is cheap as hell same logic applies to gas why would a company reasearch an alternative to a cheap fuel source (gas is) as gas goes up the more likely a cheaper substitute can be found during the 80s and 90s gas was cheap as hell no research was done now its going up a little and we are seeing things like hybrid cars and bio fuels as it goes up more youll see more changes if it goes down youll see less The reason you dont see even more reasearch is its not profitable theres no reason to spend more money on reasearch than what the difference in gas would cost you. Would you spend 100mill to save people 50mil. no Once that difference is covered youll see more alternative Its just simply not profitable or it would have been done. It seems wierd to think that alternative fuels would cost more than gas does now but thats what the market tells you.
April 29, 200817 yr True, market demand controls us all. Until a company see profit in heavily researching alternates they won't do it. I wish that people could see pass this. But a good investment to get into would be solar. Once, the cost/benefit ratio is covered we will see some nice growth. Already have my account ready on tradeking.com. :cool:
April 29, 200817 yr True, market demand controls us all. Until a company see profit in heavily researching alternates they won't do it. I wish that people could see pass this. But a good investment to get into would be solar. Once, the cost/benefit ratio is covered we will see some nice growth. Already have my account ready on tradeking.com. :cool: The problem is the consumer is always going to pay for it. Whether it be through taxes or whether its just the cost associated with it purchasing it. The reason solar isnt bigger is its expensive and doesnt work well in a lot of places. It definetly has potential they just need to make it cheaper.
April 29, 200817 yr yes but gas isnt going to go from 3$ a gallon to 100$ as the price goes up more research is put into finding an alternative because the more likely it will be profitiable no one is trying to find an alternative to rice as a food source because rice is cheap as hell same logic applies to gas why would a company reasearch an alternative to a cheap fuel source (gas is) as gas goes up the more likely a cheaper substitute can be found during the 80s and 90s gas was cheap as hell no research was done now its going up a little and we are seeing things like hybrid cars and bio fuels as it goes up more youll see more changes if it goes down youll see less The reason you dont see even more reasearch is its not profitable theres no reason to spend more money on reasearch than what the difference in gas would cost you. Would you spend 100mill to save people 50mil. no Once that difference is covered youll see more alternative Its just simply not profitable or it would have been done. It seems wierd to think that alternative fuels would cost more than gas does now but thats what the market tells you. What you say makes sense the problem i see is that,your thoughts here seem to represent many peoples attitudes as of late.Which is bad we've all come to except and expect that no one will help us until it's too late.Until only upper middle class will beable to put gas in their cars.And the poor will just have to deal with it.But putting gas in ones car isn't really the big picture.When you see how much everything has already gone up in price,for example food.The place i work for has had to increase the price of it's products to reflect the added cost of gas for the trucks to ship it.As a result many places we sell too,don't feel they should have to pay more and have dropped our product in hopes of finding it cheaper from somewhere else.Hense why i'm still laid off. That's becomeing a thing your gonna see more and more,until the little guy is completely cut out.But of course this whole thing is even bigger than that,cuz it's on a planetary scale. The reason nothing is being done isn't for lack of research ,it's cuz like you said we will pay whatever they ask,and they know it.This is going to be soaked out until it becomes unprofitable.Until noone can afford it anymore regaurdless of price. at least thats how i see it oh ya,OMG IT'S THE END OF THE WORLD,ALL YOU AMERICANS WITH YOUR BIG CARS FILL'EM UP AND TAKE A ROAD CRUISE,AND PUT THIS EARTH OUT IT'S MISERY.CUZ WERE TO BLAME FOR IT ALL. just for you shotty;)
April 29, 200817 yr Oil completely controls our economy. I don't mind paying for the research, but that isn't where it is going right now. ExxonMobile is netting the largest profits ever. If gas really cost $100 some per barrel then how are they as much as they are? They are increasing the price because the demand for it is elastic. There are no real good substitutes and my parents house is still 20 miles from where they work. So, they continue to pay more and more for gas because they don't have another option.
April 29, 200817 yr Oil completely controls our economy. I don't mind paying for the research, but that isn't where it is going right now. ExxonMobile is netting the largest profits ever. If gas really cost $100 some per barrel then how are they as much as they are? They are increasing the price because the demand for it is elastic. There are no real good substitutes and my parents house is still 20 miles from where they work. So, they continue to pay more and more for gas because they don't have another option. Someone made a really good comment on one of the consumer shows in the UK here.. basically if you actually look at it, The price of refining petroleum products is astronomical, when you consider that the overheads are high, the ACTUAL PROFIT per litre is only a few cents (2-3 on most things) for the oil company.. Where i used to work (tesco) we made about 1pence (2cents) profit per litre (3 cents per gallon ish). so in total the markup is only about 6cents. When you consider the sheer amount of fuel sold in the US each day, probably thousands and billions of gallons, then multiply this by 0.03 and you get those "record" profits.. the oil companies dont really charge extortionate amounts for oil, they do control the global market in a sense, but otherwise, the price per gallon isnt massively overpriced as some would like you to beleive.. With regards to things like solar and wind power, alot of research is going on Shell currently puts billions per year into research and developement, the oil companies themselves know full well that they will have to seek an alternative source sometime, because well, they just wont have any more oil to sell at some point. However with solar power being only about 5% efficient, and a wind turbine costing more (in cash, and carbon "footprint" to manufacture than its serviceable life will save) you have to ask which is more economical at this time.
April 29, 200817 yr Someone made a really good comment on one of the consumer shows in the UK here.. basically if you actually look at it, The price of refining petroleum products is astronomical, when you consider that the overheads are high, the ACTUAL PROFIT per litre is only a few cents (2-3 on most things) for the oil company.. Where i used to work (tesco) we made about 1pence (2cents) profit per litre (3 cents per gallon ish). so in total the markup is only about 6cents. When you consider the sheer amount of fuel sold in the US each day, probably thousands and billions of gallons, then multiply this by 0.03 and you get those "record" profits.. the oil companies dont really charge extortionate amounts for oil, they do control the global market in a sense, but otherwise, the price per gallon isnt massively overpriced as some would like you to beleive.. Ya heres a good article http://everydayecon.wordpress.com/2006/04/26/oil-profit-margins-vs-other-industries/ They make much less than most other industries The reason they have record profits is because there are so few oil companies. This actually makes it cheaper since their costs dont scale. So a small mom and pop oil refinery would cost a lot more to run than the fraction that BP does in one of theirs. Hell I can count the number of major oil companies on one hand. How many cell phone companies that have much larger profit margins does no one care about.
April 29, 200817 yr I don't know why, but I always like looking at this statistic. This was a year ago, but it is all relative. Oh, and obviously the cheapest are the OPEC countries. Global Gas Prices* (1 gallon=3.8 L) Most expensive per gallon: London, UK: $6.65 Paris, France: $6.62 Copenhagen, Denmark: $6.51 Oslo, Norway: $6.48 Berlin, Germany: $6.42 Least expensive per gallon: Caracas, Venezuela: $0.17 Tehran, Iran: $0.33 Riyadh, Saudi Arabia: $0.45 Kuwait City: $0.79 Cairo, Egypt: $0.86 *Prices as of May 2007 Source: Daily American This is just one of the worst graphical representations I have ever seen. Apparently it was published by the US DOE. http://static.howstuffworks.com/gif/gas-price-breakdown-3.jpg With regards to things like solar and wind power, alot of research is going on Shell currently puts billions per year into research and developement, the oil companies themselves know full well that they will have to seek an alternative source sometime, because well, they just wont have any more oil to sell at some point. I agree, these are going to be the companies that invest the most money into alternate energy. It is stupid to say that Exxon is positing record profits; technically most industries should be because of inflation. But Exxon is more than 20% above the SP500 over the last year. Earlier this year they were questioned about it, saying that they were in line with everyone else. And for the last year is was true, the entire sector and industry were up 20%. But there use to be a time, only 4 years ago when the entire sector was in perfect form with other major industries. The problem is that they are breaking off of it, AND I am ok with that, but they need to be putting these profits into research. Which goes back to the idea of profitability. The rest of the sector is becoming just as profitable as Gas/Oil because of the demand for energy in general. The reason they have record profits is because there are so few oil companies. This actually makes it cheaper since their costs dont scale. Which is why they also need to run all of their refineries and run them at a greater capacity than they do now. They have the control and they will keep it, even once we do start focusing on alternate fuels.
April 30, 200817 yr I Hate people who make claims like this, and i hate people who post them screaming "OH NO THE WORLD IS ENDING".. this is akin to the Y2K doomsday people.. it never happened, so i will have to see it to beleive it. We already deal with $9 per gallon petrol prices over here at the moment,.the answer is NOT to complain about gas prices.. just stop driving the 5gallons per mile trucks, and buy sensible cars to do that 10 mile round trip to town in. Totally agree with you.
April 30, 200817 yr OH NO THE WORLD IS ENDING! But I think I will keep my 3.2L V6 for a while longer. I still have another year on the lease before I pick up another 4cyl.
April 30, 200817 yr One thing I would argue is that people with jobs that require them to drive and be mobile throughout the day would definately have trouble paying the gas bills. As for the oil prices I believe the taxes now in the US are considerabley larger than 14%. Hopefully people will begin embracing hybrid cars as they become easier to purchase and maintain. I believe that eventually someone will invent much better way to create energy but until then I will continue to stay home as much as possible and keep my fuel usage to a minimum. Bicycling like Weihe said is a great way to get around an dont give me that 40 miles is too far arguement I have known many people in my life tha drove 30 to 40 miles to work on a bicycle every day although they did live in Tucson where it rarely rains or snows so that could be a very different story for some of you !!!LOL.
May 1, 200817 yr Author European Union Gas Prices Today WOW WOW !!! Netherlands* $8.95 Germany* $8.63 France* $8.34 United Kingdom* $8.18 Denmark* $8.14 Finland* $7.98 Belgium* $7.64 Sweden* $7.42 Italy* $7.30 Romania* $6.32
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.