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-   -   You can drill as much as you want - gas will not become cheaper. (https://gfy.com/showthread.php?t=1080705)

DudeRick 09-07-2012 06:09 PM

Quote:

Originally Posted by MaDalton (Post 19176364)
what - no american cars? :winkwink:

this could go on for a while but i still don't think that you can blame Obama for the global oil price. because that one pipeline doesn't make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.

Honda is made in America. Yes, I agree that OPEC will cut production if the price of oil drops too much, but I disagree that it won't drop at all. Just like the futures market drives our price of gas up to $5 a gallon when things heat up between Iran and Israel and back down to $3 a gallon when they cool back off. The futures market will drive the price down the price on increased supply and production. And right now $3 a gallon gas sounds pretty good! :2 cents:

MaDalton 09-07-2012 06:17 PM

Quote:

Originally Posted by DudeRick (Post 19176387)
Honda is made in America. Yes, I agree that OPEC will cut production if the price of oil drops too much, but I disagree that it won't drop at all. Just like the futures market drives our price of gas up to $5 a gallon when things heat up between Iran and Israel and back down to $3 a gallon when they cool back off. The futures market will drive the price down the price on increased supply and production. And right now $3 a gallon gas sounds pretty good! :2 cents:

considering we're at like $10 over here, $3 would be indeed great :upsidedow

i think though it needs to be more expensive to increase the pressure to develop more efficient technologies

and when you can afford to drive a gas guzzler - go for it. even at $10 a gallon companies like Porsche make record profits

MaDalton 09-07-2012 06:20 PM

Quote:

Originally Posted by baddog (Post 19176378)
Woah, is that what this is about? Obama?

no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

Socks 09-07-2012 06:41 PM

Quote:

Originally Posted by MaDalton (Post 19175839)
i read all the time how drilling on your (the US) own soil would bring down oil prices. and i still cannot figure out how that would happen.

unless you want to government to drill and bypass the international market - but the same people always want less government. so thats no option either

I think it saves the government money, and promotes local businesses rather than international ones. The people of course, get the shaft. It's always the common denominator.

garce 09-07-2012 06:48 PM

Quote:

Originally Posted by MaDalton (Post 19175805)
Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

Market price in Venezuela? 8 cents per gallon as of March 2011. I doubt its gone up much since then. Maybe you mean market price in Iran ($1.44) or Saudi Arabia ($0.61)

Canada has the third largest crude petroleum reserves in the world, yet prices here are insane. Its fucking ridiculous that our Government continues to fuck their own citizens up the ass just so they can be first in line to suck foreign cock.

baddog 09-07-2012 06:52 PM

Quote:

Originally Posted by MaDalton (Post 19176398)
no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

So this is about Obama vs Romney; same difference.

Quote:

Originally Posted by garce (Post 19176416)
Market price in Venezuela? 8 cents per gallon as of March 2011. I doubt its gone up much since then. Maybe you mean market price in Iran ($1.44) or Saudi Arabia ($0.61)

:thumbsup

Sly 09-07-2012 06:55 PM

Quote:

Originally Posted by MaDalton (Post 19176398)
no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

It very well could work if there wasn't all of the government intervention that you mentioned you want in the last post.

bhutocracy 09-07-2012 09:14 PM

Quote:

Originally Posted by DudeRick (Post 19176361)
The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid. :winkwink:

This is bullshit. Keystone won't do anything for the POO in America. Firstly the XL is to EXPORT THE OIL TO ASIA so right there, that's shot down. Secondly pretending all 500k bopd went into the American market it would only mean an extra 2.6% supply (pretending there wasn't a similar decrease in oil imported from other markets which there would be). Basically it's enough for a few pips for the futures traders for a week to sell the news. Oil production and drilling (although not leases) is up under the Obama administration (but not because of them), it's why there is a gas glut and all the shale producers are hunting condensate rich gas and shale oil. Unlike with oil, America doesn't have the infrastructure to export gas in any great quantity. Hence low prices as the supply can't be soaked up by the world market. As soon as producers build the infrastructure LNG will be exported as well bringing local gas prices back up. It's totally different with oil.
Seriously most of you guys have no idea of the timelines and scale involved in hydrocarbon exploration and the macroeconomics of oil. Neither Obama nor Romney is going to change the price at the pump more than 1% one way or the other with regulation, certainly not within the timeframe of a presidential term (unless they socialise it, which they won't).

Best-In-BC 09-07-2012 09:32 PM

Oil Vender and Crack Venders Do Business the Same :D

Barry-xlovecam 09-07-2012 11:15 PM

Quote:

Originally Posted by flashfire (Post 19175956)
you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

I just picked up a used Dodge 2500 Truck with a 8 Liter V10 cheap

Standard Payload
5,151 lbs.
2,341 kg

Towing Capacity
8,600 lbs.
3,909 kg

But I won't be driving it to the grocery store :P

Captain Kawaii 09-07-2012 11:22 PM

Quote:

Originally Posted by MaDalton (Post 19175805)
Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

You are absolutely correct. This year US is a net exporter/importer. We are sending tons of petroleum to other countries. The drilling thing is geared to greed and pimping US resources for the profits to a few. peereodd.

Captain Kawaii 09-07-2012 11:27 PM

Quote:

Originally Posted by Robbie (Post 19175939)
Supply and demand. The market price will drop as supply gets larger. Just like everything else does.

Supply would get larger except every time there is a glut, there is a fire, there is a rebel raid on an oil facility or there is maintenance to be done, suddenly, at half the refineries. Price will only go up from here. It may "ease" from time to time to fool the fools but price of petroleum only has one overall direction and it is not down.

Wait 10 years and hear the excuses they make for the price of solar or wind going up. "Sun was not as bright as usual this week", "winds died down", "dog ate my solar panel"...

Mr Spock 09-07-2012 11:30 PM

Quote:

Originally Posted by MaDalton (Post 19175995)
the oil companies are not interested in dropping prices, they would just drill less. like they do now already.

Oil companies don't control the prices , supply and demand determines the price and unfortunately oil companies don't control the supply - OPEC does.

Doesn't help blaming oil companies - blame OPEC if you don't like higher gas prices. So yes drilling for more more oil onshore will increase supply and should lower prices assuming OPEC doesn't lower output to counter that move.

The oil market isn't a free market

Redrob 09-07-2012 11:31 PM

I hope to be solar by the end of this year at my home; and, off the power grid at my offices by the end of next year. The feds and city have some serious rebates and tax credits right now that cover 65 to 70% of the install costs.

Captain Kawaii 09-07-2012 11:41 PM

Quote:

Originally Posted by Mr Spock (Post 19176689)
Oil companies don't control the prices , supply and demand determines the price and unfortunately oil companies don't control the supply - OPEC does.

Doesn't help blaming oil companies - blame OPEC if you don't like higher gas prices. So yes drilling for more more oil onshore will increase supply and should lower prices assuming OPEC doesn't lower output to counter that move.

The oil market isn't a free market

OPEC only controls a small portion of the supply. Oil companies have a part every step of the way from exploration to delivery. Speculators working in collusion with Wall Street and the Oil companies drive up the prices for their benefit. It has been shown that oil companies sell their oil to subsidiaries to drive up the bidding by allowing competitive bids between "separate" entities to drive prices up. Seriously, pay attention. This is all public data available to you.

The public and gas station owners get fucked. Did you know that gas station owners earn on average 1-2 cents per gal profit? Nice margin. Why do you think they all have become kwiki marts? Only real chance for profit.

Roald 09-07-2012 11:42 PM

Quote:

Originally Posted by Relentless (Post 19176254)
Raising fuel efficiency is the better fix.
If gas is $12 per gallon and you get 150 miles to the gallon,
you are much better off than if you get it back to $3 per gallon and 20mpg on most cars.

The planet would also be much better off.
We drill very well... We burn fuel like we are half retarded cavemen in drag racers.

Cheap fuel is bad in many ways. Inefficient use of fuel is the real problem.

:thumbsup

you must not be american! lol

Matt 26z 09-08-2012 12:05 AM

Quote:

Originally Posted by DudeRick (Post 19176387)
I disagree that it won't drop at all.

Any amount it drops is money out of OPEC's pocket. Do you honestly believe they wouldn't take supply action to keep the value exactly where they want it?

The price you pay at the pump is what OPEC wants you to pay. Nothing can change that except for a nationalized oil industry (something we should have done a long time ago, but likely never will).

Paul Markham 09-08-2012 12:06 AM

Gas and oil are commodities, the less around the higher the price.

Look at the Diamond market to see how it's not in the oil companies interest to flood the market with oil and gas. It's also a resource that isn't going to last for ever, so making it cheaper so people can consume it faster is also a stupid way to go. About as stupid as giving away the product for free to get more sales. So not surprised so many here think it a good idea. :oh crap!!!

If you want to save on your fuel bill, use less. It really is that simple.

Robbie 09-08-2012 12:12 AM

I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.

Talk about a tax on the middle class...

Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil.
http://www.usatoday.com/money/indust...NCE/54977254/1

Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank)

Paul Markham 09-08-2012 01:55 AM

Quote:

Originally Posted by Robbie (Post 19176734)
I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.

Talk about a tax on the middle class...

Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil.
http://www.usatoday.com/money/indust...NCE/54977254/1

Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank)

Great idea. Leave it in the ground for now and run the US on foreigners oil. When they have been depleted, become the majors world oil supplier.

Far better than drill everywhere and running the US on it's own oil and running out. The price dropping is a myth. It's not in the oil companies interests to go around drilling everywhere to supply you with cheap oil. For them it's better to get more money for the same production, than the same money for more production.

You seem to be complaining about prices a lot recently. As you're rich I wonder why. If you truly want to cut your fuel bill, buy a smaller car, get a bike for short trips, or one of these http://www.fueleconomy.gov/feg/best-worst.shtml and your gas bill will plummet. Much faster than any saving at the pumps. And if more Americans drove these cars, fuel imports will drop like a stone.

As for food prices. How about the Government taxes you more so they can give the farmers more in the grants. Or really hit farmers with huge fines for employing illegal labour so they have to employ US citizens and pass the cost onto you. I hear about the immigrant problem from a lot of posters here.

As the OP says. They can drill and drill, the price isn't going down much on a barrel and cents at the pump. You need to find new ways to save money.

Here's more ideas.

http://michaelbluejay.com/electricity/solar.html

http://www.scientificamerican.com/ar...-a-box-sunfish

http://www.siliconsolar.com/diy-solar-panel-kits.html

You live in the desert, the sun hardly stops shining. For a few $100s you could cut your electricity bill. Which it seems is your prime interest today.

Barry-xlovecam 09-08-2012 07:21 AM

Whatever happened to sawgrass ethanol?

Making bio-fuels is fine in concept however using corn and creating higher meat prices in the USA, ( notice the price of feeder livestock beef and pork has risen 30% or 40% the past couple of years? ) and food shortages world wide by decreasing grain exports?

And a cheap way to turn water into hydrogen -- the most abundant fuel source in the world? They are starting to use hydrogen power efficiently in Iceland ... Iceland ??? A little country ...

Quote:

Hydrogen
http://en.wikipedia.org/wiki/Renewab...eland#Hydrogen
Currently, imported oil fulfils most of Iceland's remaining energy needs. This cost has caused Iceland to focus on domestic, renewable energy. Bragi Arnason, a local professor, first proposed the idea of using hydrogen as a fuel source in Iceland during the 1970s, which is also when the oil crisis occurred. At that point in time this idea was considered untenable, but in 1999 Icelandic New Energy was established to govern the project of transitioning Iceland into the first hydrogen society by 2050.[10] This followed a decision in 1998 by the Icelandic Parliament to convert vehicle and fishing fleets to hydrogen produced from renewable energy.[11]

Iceland provides an ideal location to test the viability of hydrogen as a fuel source for the future, since it is a small country of only 320,000 people, with over 60% living in the capital, Reykjavík. The relatively small scale of the infrastructure will make it easier to transition the country from oil to hydrogen. There is also a plentiful supply of natural energy that can be harnessed to produce hydrogen in a renewable way, making it perfect for hydrogen production. Iceland is a participant in international hydrogen fuel research and development programs, and many countries are following the nation's progress with interest. However, these factors also make Iceland an advantageous market for electric vehicles. Because electric vehicles are four times more efficient, and less expensive than hydrogen vehicles, the country may switch to electric vehicles.[12]

Iceland already converts its surplus electricity into exportable goods and hydrocarbon replacements. In 2002 it produced 2,000 tons of hydrogen gas by electrolysis—primarily for the production of ammonia for fertilizer.

Hydrogen fuel could be produced in the Pacific Northwest where there is cheap hydroelectric power sources and sent by pipeline (technology to be developed) to the Western USA.

Sure, it is a major investment but it would create jobs, technical innovation and in the process improve the balance of trade in America's favor. We would need to build new fuelling stations -- more jobs and useful spending. Why the hell we are not doing this?

Vested interests in the petrochemical business ... That's why.

jimmycooper 09-08-2012 07:27 AM

Quote:

Originally Posted by Robbie (Post 19176734)
I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.

Talk about a tax on the middle class...

Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil.
http://www.usatoday.com/money/indust...NCE/54977254/1

Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank)

Looking good Robbie! If you keep doing what you're doing, I bet that in 2.3,4 months, maybe 6 months down the road you'll be much closer to where you need to be!

In the meantime, you should maybe consider going to a tanning salon or something. I guess it's kind of like an illusory type thing, but having a little bit color tends to make your muscles appear as if they're more defined. No sense in hiding all your hard work under a pale mound of flesh, right? Be sure to ask for a low intensity bed. It may take longer but if you do it that way you'll end up with a nice, natural looking tan and that's what you want. Nobody wants an orange Robbie. Just stay patient, don't get frustrated, and keep up the good work! We're all very proud of you!

bhutocracy 09-08-2012 08:17 AM

Quote:

Originally Posted by Robbie (Post 19176734)
I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.

Talk about a tax on the middle class...

Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil.
http://www.usatoday.com/money/indust...NCE/54977254/1

Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank)

Read the article again, seems you missed the part about gas not going under $3 even with the "giant" finds given the expense of producing oil from these sources.

Paul Markham 09-08-2012 08:26 AM

What will make people more fuel efficient and waste less?

More expensive oil or cheaper oil?

**************************

What will make people go to alternative sources of power?

More expensive oil or cheaper oil?

**************************

What will make people develop more alternative sources of power?

More expensive oil or cheaper oil?

It really is a no brainer.

MaDalton 09-08-2012 08:30 AM

Quote:

Originally Posted by garce (Post 19176416)
Market price in Venezuela? 8 cents per gallon as of March 2011. I doubt its gone up much since then. Maybe you mean market price in Iran ($1.44) or Saudi Arabia ($0.61)

english is not my first language but the "market price" i am speaking about is the price per barrel oil - not how much gas costs at the gas station. those prices vary too much from country to country because of local taxes. some countries put high taxes on it, others pay subsidies to keep them low

jimmycooper 09-08-2012 08:51 AM

Based on this 2010 study, global population is expected to increase by 1.4 billion by 2030. That's like the world now minus 20 years of natural resources plus one more China.

Projected increase of just the top ten most populous countries is 676MM. The top ten countries are India, China US, Indonesia, Nigeria, Pakistan, Brazil, Bangladesh, Russia, and Mexico. They're not driving hybrids in Bangladesh. How much is a Prius? $25K? The combined GDP per capita of India, Indonesia, Nigeria, Pakistan, and Bangladesh is just under $15K.

8 of the 10 are perceived to be going through periods of industrialization where more resources are needed to fuel growth. The trucks being used to haul shit to some construction site at the next Nigerian megapolis have more impact on the global market than do the F150s that middle American douchebags use to haul their pretend boats to the pretend lake.

If every middle American soccer mom goes to a Toyota dealership this afternoon to trade in their gas guzzling SUV for a Prius, there's a small chance it would cause the price of a barrel to go down by a few pennies, but the 'impact' on oil prices would be short lasting because the global market is more defined with the actions of one billion industrializing chinamen.

Sunny Day 09-08-2012 09:29 AM

US Exports Oil
 
Quote:

Originally Posted by Robbie (Post 19176008)
I agree they want to make all the profit they can. God knows if I could raise the price on our paysites I would. :)

But keep in mind that the oil companies are right now trying their best (and being blocked by the U.S. Govt) to drill MORE.
Also keep in mind that we need more oil refineries in the U.S. as well.

In 2011, the US exported 20 million gallons of gasoline to markets like China & India
http://zfacts.com/node/426

Several East Coast refineries have closed down. So re-open them.
http://www.csmonitor.com/USA/2012/02...stop-exporting

Also first the first time in decades, in 2011 the US was a net exporter of oil
http://www.advisorperspectives.com/c...klin_40412.php

CarlosTheGaucho 09-08-2012 09:42 AM

Quote:

Originally Posted by Robbie (Post 19176734)
I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.

This is already happening, and crude oil of course has countless implementations in the industry apart from petrol, basically there's oil in pretty much anything.

Once you produce for the price you want to produce (high) you're increasing the global cost of production.

Quote:

Originally Posted by Robbie (Post 19176734)
Talk about a tax on the middle class...

Yet this is precisely what is happening already, and nobody has any reason whatsoever to change it (unless the oil industry as a strategic commodity would get nationalized).

Organizations such as OPEC weren't institutionalized to help the world, they were institutionalized to make the most money from oil in a cartel, that's where the rules are made, that's where the supply is regulated for someone to be able to make the most $$$.

Quote:

Originally Posted by Robbie (Post 19176734)
Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil.
http://www.usatoday.com/money/indust...NCE/54977254/1

Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank)

Do you really believe that the same companies that pretty much own the government would like the same government to put way, way more money into any other apart from just pseudo / politically justifiable pro-alternative energy research and agenda?

These Giant discoveries always "happen" with the right timing, not only that there's supposingly much, much more potential crude oil that can be drilled with the ever more modern technologies (that can again only be financed by those who have enough gold since they control the oil market).

It's that those who have the gold make the rules, and every move, anything that goes widespread in public media as a part of someone's political agenda simply has to make sense $$$ wise.

Once there would threaten a serious shift / political will towards alternative energies there may as well be yet another "giant discovery" to fullfill the political agenda of those, that were bought by the oil companies in the first place.

The US crowd will always hail to anyone who offers them 5c off gallon and more oil drilling, there you have the perfect synergy between those two - politics and oil industry.

nico-t 09-08-2012 09:44 AM

Quote:

Originally Posted by flashfire (Post 19175956)
you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

because everyone who drives a plump ugly american truck has a boat.

madm1k3 09-08-2012 10:55 AM

OK lets not let facts get in the way,

Canada and Mexico supply America with over sixty percent of their oil imports, who owns the Canadian oil fields..... American Companies! You would ask why are American companies extracting oil from Northern Alberta, simple thats where the oil is.

Texas and other American states have run out of new oil reserves, Keystone pipeline is designed to keep the refineries in the Southern USA in the money by taking the bitumen oil from Alberta, refining it, and selling at market price. There is no reason to do this other than it will save on shipping and increase profits of the oil sands. If you believe it will lower gas prices.... well then I have some magic beans for sale as well.

The other hard truth is that oil needs to be $75 - $80 a barrell or more for the Albera oil sands to be profitable. I highly doubt we will ever see it dip below this ever again, because AMERICAN and Chinese oil companies have almost a trillion dollar investment in the oil sands and we all know oil companies don't lose money

Barry-xlovecam 09-08-2012 11:07 AM


Robbie 09-08-2012 11:25 AM

Quote:

Originally Posted by madm1k3 (Post 19177517)
OK lets not let facts get in the way,

One of the biggest oil finds in history last year in the Gulf 1 BILLION barrels of recoverable oil:
http://online.wsj.com/article/SB1000...275032794.html

And that's just one of the massive oil finds that new technology is making happen...but the Obama administration blocked.

Oil creates jobs. High paying jobs. And jobs are what we need in the U.S.

Everybody keeps saying "oh, it won't work". Well, there is only one way to find out.

Common sense tells me that if you create high paying jobs and lower the cost of energy...the economy will roar.
Maybe I just have a different idea of how business works and how to be successful than some of you guys do.

Paul Markham 09-08-2012 12:41 PM

Quote:

Originally Posted by jimmycooper (Post 19177327)
Based on this 2010 study, global population is expected to increase by 1.4 billion by 2030. That's like the world now minus 20 years of natural resources plus one more China.

Projected increase of just the top ten most populous countries is 676MM. The top ten countries are India, China US, Indonesia, Nigeria, Pakistan, Brazil, Bangladesh, Russia, and Mexico. They're not driving hybrids in Bangladesh. How much is a Prius? $25K? The combined GDP per capita of India, Indonesia, Nigeria, Pakistan, and Bangladesh is just under $15K.

8 of the 10 are perceived to be going through periods of industrialization where more resources are needed to fuel growth. The trucks being used to haul shit to some construction site at the next Nigerian megapolis have more impact on the global market than do the F150s that middle American douchebags use to haul their pretend boats to the pretend lake.

If every middle American soccer mom goes to a Toyota dealership this afternoon to trade in their gas guzzling SUV for a Prius, there's a small chance it would cause the price of a barrel to go down by a few pennies, but the 'impact' on oil prices would be short lasting because the global market is more defined with the actions of one billion industrializing chinamen.

Good post. Also driving a Prius will lower the cost of fuel, the consumer will pay less and get more miles.

Quote:

Common sense tells me that if you create high paying jobs and lower the cost of energy...the economy will roar.
Maybe I just have a different idea of how business works and how to be successful than some of you guys do.
Common sense tells the rest of us it will make no difference to the price. At best cents on gallon. The oil companies are in the business of keeping the price high.

jimmycooper 09-08-2012 05:54 PM

Quote:

Originally Posted by Paul Markham (Post 19177660)
Good post. Also driving a Prius will lower the cost of fuel, the consumer will pay less and get more miles.

Thanks. Yeah, driving a Prius or some other type of fuel efficient car can definitely have an effect on one's own personal expenditures. It just won't help save the world or anything like that.

slavdogg 09-08-2012 06:23 PM

[QUOTE=MaDalton;19175926]http://www.bloomberg.com/energy/

Did you bother to notice that North AMerican oil is about $20 cheaper per barrel than European ??

Barry-xlovecam 09-08-2012 06:42 PM

Quote:

Originally Posted by Paul Markham (Post 19177660)
Good post. Also driving a Prius will lower the cost of fuel, the consumer will pay less and get more miles.

Take the bus ...

Quote:


Pirus pricing http://pressroom.toyota.com/releases...mVehicle/Model Number

Grade

Doors

Body Style

Trans

2012 MSRP
Prius v










1243

Two

5

Mid-size

ECVT

$26,400
1245

Three

5

Mid-size

ECVT

$27,165
1249

Five

5

Mid-size

ECVT

$29,990
Prius Plug-in










1235

Plug-in

5

Mid-size

ECVT

$32,000
1239

Plug-in Advanced

5

Mid-size

ECVT

$39,525
So are you buying yours this year Paul?

Point is it takes 12 or more years to change out (update) the majority of automobiles in the USA. So, it wont make that much difference.

Most effective thing is not to play that game and find a new way.

Robbie 09-08-2012 07:23 PM

Whatever did happen to hydrogen cars?

I remember back in the 1990's that Arnold Schwarzenegger had his Hummer converted to Hydrogen and work was supposed to begin on Hydrogen stations to replace gas stations.

I guess the oil companies bought that shit up and shut it down too? Wouldn't surprise me.

Electric cars have been around for over a hundred years and they still aren't used.

Hell, the entire taxi cab fleet of New York City were electric cars in 1897!!!

And somehow, Detroit auto makers can't figure out how to do it right in 2012. lol

Bill8 09-08-2012 07:54 PM

yet still the price of oil and liquids stays at historical highs, and goes down when the economy falters, and goes right back up when the economy strengthens - which appears to cause the economy to falter, again.

the so called "oil paradox" - if supply is sound, and EROI is not a factor, why does the economy falter when the barrel price jumps, as it has repeatedly since 2005?

and every little political squabble or storm sends the price up again.

and gas prices in the US were at a record high this past weekend, highest ever for a labor day.

for some reason reality is not going along with the approved storyline, which is that EROI doesn't matter, and depletion doesn't matter.

lets see what the future brings. we's all be happy if the republicans and the oil companies can bring back the cheap oil age.

why don't they? what's stopping them?

Bill8 09-08-2012 08:04 PM

Quote:

Originally Posted by Barry-xlovecam (Post 19177198)
[INDENT]Whatever happened to sawgrass ethanol?

Hydrogen fuel could be produced in the Pacific Northwest where there is cheap hydroelectric power sources and sent by pipeline (technology to be developed) to the Western USA.

Sure, it is a major investment but it would create jobs, technical innovation and in the process improve the balance of trade in America's favor. We would need to build new fuelling stations -- more jobs and useful spending. Why the hell we are not doing this?

Vested interests in the petrochemical business ... That's why.

The technology for cellulosic ethanol is tricky to develop, and as a nation we have not really sought it. The EROI disaster of corn ethanol is suppressing ethanol as a liquid fuel option, and suppressing other liquids like methanol and butane.

They are making some interesting new breakthrus in hydrogen - but - as a nation we don't support it, and we have lost the ability and will to innovate.

As a nation, we have given up on new infrastructure development. Sure, we will build old technology like pipelies for oil or gas, but we have lost the ability to build new infrastructure like smart grids or hyrdogen transport.

We give the petro industry tax breaks for exploration - and they make a find, typically small, a billion barrels or so - then cap the well, because it's not cost effective to extract and bring to market at todays price levels.

Americans made the wrong choices 30 years ago, under Reagan, and we will be paying the price for that this century.

KillerK 09-08-2012 08:46 PM

Quote:

Originally Posted by MaDalton (Post 19175910)
this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

Does one really need to be able to choose what clothes they wear? I mean target jeans are as good as Lucky jeans right?


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