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fistfullofsteel
Well-known member
Hit $106 a barrel so far. The dollar is dropping more and more. http://www.xe.com/
Will oil hit $150 a barrel?
- Thread starter fistfullofsteel
- Start date
vixensghost
New member
Gas for my Fuel injected, turbo charged Bonniville jumped from $ 3.29 per gallon to $3.49 per gallon today. Oh Joy.
Opec will not be happy til they are getting $200.
Opec will not be happy til they are getting $200.
fistfullofsteel
Well-known member
vixensghost said:
Exactly, and I think we should have hot freaky sexy until it happens. We need to turn a bad situation into something good.
vixensghost
New member
fistfullofsteel said:
Not if you could shit oil by the drum would this happen. lol
How are you Fist? All is good in your life?
fistfullofsteel
Well-known member
vixensghost said:
Weather is getting better. Therefore, I'm happier. Spring is almost here. My penis looked at least 2 centimeters bigger yesterday too.
What's up with you?
Btw, I can shit oil by the tankers. Stop trying to play impossible to get. That's so high school.
digimon7068
New member
maybe. . .and if there really IS a God. . .eventually those fucking assholes in the middle east will be begging just to eat the corn out of my shit. . .
vixensghost
New member
velvett said:
AMEN SISTA!
Great link! Thanks.
I'm well Fist. We are under a winter storm warning here in NW Ohio. I'm soooo ready for spring!
It more than likely will. The dollar is dropping like a lead balloon. At least they are not trading oil on the Euro. I guess this is all President Bush's fault?
fistfullofsteel
Well-known member
jocephus said:
throwing our money into a garbage war. who's fault is that? it sure didn't make our money stronger. our debt is greater than ever before. did we ever recover from all the money spent on vietnam? we are still paying for that war.
fistfullofsteel said:
How about the Sub prime mortgage fiasco and all the credit happy consumers. People spend more than they make and don't worry about the consequences. It is not just the war, but our consumer driven, gotta have it now, materialistic ways which are causing this mess. People are fucking stupid using their homes like ATM's and now who is there to pay that debt. Well good ol China will bail us out. What the fuck are we going to do when they want to cash in our debt. You better start learning Mandarin. Oh, and I hate GWB too. It was hard to sense the sarcasm in my original post.
redsamurai
Banned
The destabilization of the middle east was an intended consequence so as to drive up the cost of oil. Otherwise, nobody would be bothering with the canadain oil sands. Getting oil out of that sludge in Canada isn't profitable at $30, which is what oil was in 2000, when Bush became president. Now, there's money to be made in exploiting the oil sands. Very simple indeed.
redsamurai
Banned
velvett said:
that car is 98k............it would take decades, or gas to go up to $20 a gallon, to amortize that difference in cost. That is way to much money for that car.
The thing is that, despite what many would lead you to believe, oil isnt sold in a free market at all.
OPEC is a bunch of fucking pieces of shit. They had a mandatory cap on oil at $35/barrel because they assumed going even a dollar higher would lead the world economy to collapse. After 9/11 when they had to raise oil and saw that the world kept on going, the decided to say fuck it. They will never, ever let oil go below $95/barrel from now on. That is the new benchmark.
OPEC is a bunch of fucking pieces of shit. They had a mandatory cap on oil at $35/barrel because they assumed going even a dollar higher would lead the world economy to collapse. After 9/11 when they had to raise oil and saw that the world kept on going, the decided to say fuck it. They will never, ever let oil go below $95/barrel from now on. That is the new benchmark.
whenever gas get's over 3.00 I always park the gas burner and exclusively roll the Jetta greasemobile, and just ride out the price surge. A backup ride with pretty much zero fuel costs is an awesome thing.
billfred
New member
75th said:
You guys are soo off base blaming this on OPEC. Fact is they don't have the capacity to raise production anymore.
To me it seems the bigger problem is the dollar. The US, and the countries that have that have their currency pegged to the dollar, are the only ones feeling the full impact of oil prices raising.
In addition, the countries selling the oil are not receving the full impact of the price increase.
We have to get our currency fixed. Bush has been on the weak dollar camp since the beginning of his admin as a way to increase exports. It is a vicous circle as it just leads to higher $ oil pices (not higher euro etc) and being the biggest importer, leads to a higher trade imbalance. It's screwed - we have to get the value of our currency back.
We, as Americans, are growing poorer every day due to this.
billfred
New member
75th said:
Believe - OPEC is tapped out. Has been for some time. To make it worse, all the production adds over the last 5 yrs have been low quality bbls. How can a new bbl < old bbl - when the same bbl yiels much less gasoline and jet fuel when refined. So you have been adding a lot of barrels that just are not the same.
We have to pinch demand. The best immediate way to pinch demand is to make it more expensive for all the non-$ economies i.e. shore up the value of the $$. You can't do that when congress spends like there is no tomorrow and we continue to have to sell treasuries to fund this.
If we don't pinch demand soon - we will go to $150 easy and US will continue to be poorer as a result.
redsamurai
Banned
I'd love to find out who's drilling the oil sands in Alberta predominantly, and what they're connection is to the administration.
vixensghost
New member
redsamurai said:
Sometime it's not about the price. Think of the enviroment and resources that it would save in the long run. NO, I'm not some tree hugger, I'm just more "aware" than I once was.
We heat with corn. When we first bought our corn stove, corn was at $1.98 per bushel. It's over $5 right now. We will continue to heat with corn even though natty gas is cheaper.
'
It also helps that we are getting it for $2.00 per bushel since my hubby works on his pals farm machinery when needed.
billfred
New member
vixensghost said:Sometime it's not about the price. Think of the enviroment and resources that it would save in the long run. NO, I'm not some tree hugger, I'm just more "aware" than I once was.
We heat with corn. When we first bought our corn stove, corn was at $1.98 per bushel. It's over $5 right now. We will continue to heat with corn even though natty gas is cheaper.
'
It also helps that we are getting it for $2.00 per bushel since my hubby works on his pals farm machinery when needed.
Children will starve to keep you warm
vixensghost
New member
billfred said:
Let them eat cake.
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