Oil hits $80 a Barrel

[Thrice]

http://biz.yahoo.com/ap/070912/oil_prices.html?.v=27

Demand for gasoline averaged about 9.6 million barrels a day over the last four weeks, about 0.9 percent above last year, EIA said.

How much longer are we going to hear the lip-service phrase "alternative fuels" from the talking heads and policy makers? The truth of the matter is no one in power, currently, wants us to pull out the petroleum I.V. that this country has had in its arm for nearly 100 years. Too many important people owe their wealth directly and indirectly to oil for the US to legitimately look beyond its buying and reselling to make any true progress in the fight against our addiction. How much longer can they continue to gouge our wallets before we all say "enough"?

[Furtherman]

How much longer can they continue to gouge our wallets before we all say "enough"?

Until our country turns into Bartertown.

http://www.madmaxmovies.com/making/madmax3/Bartertown/images/DavidSeymour/Bartertown1.jpg

[cupcakelove]

I don't drive anymore, yippee!!

[Don Stugots]

next spring i am getting a moped.

[Hottub]

next spring i am getting a moped.

...and I'm getting a fat chick!!:blink:

[TooLowBrow]

my car runs on gas, not oil. so i dont even pay attention

[Jujubees2]

My car runs in BioWillie!

http://www.truthdig.com/images/eartothegrounduploads/AP_biowillie_350.jpg

[torker]

Worth every goddamn cent.
http://www.unilever.com.au/Images/Vaseline_jelly125x110_tcm72-29497.jpg

[spoon]

It's incredible to think how little we've changed in this area over the last century.

[FUNKMAN]

Worth every goddamn cent.
http://www.unilever.com.au/Images/Vaseline_jelly125x110_tcm72-29497.jpg

screw the oil companies, use the Astroglide instead...


http://secure.condomania.com/images/L-AG-4OZ_1_dt.jpg

[sailor]

How much longer are we going to hear the lip-service phrase "alternative fuels" from the talking heads and policy makers? The truth of the matter is no one in power, currently, wants us to pull out the petroleum I.V. that this country has had in its arm for nearly 100 years. Too many important people owe their wealth directly and indirectly to oil for the US to legitimately look beyond its buying and reselling to make any true progress in the fight against our addiction. How much longer can they continue to gouge our wallets before we all say "enough"?

people are using more and more gasoline...what would you expect the prices to go? also, do you know what would happen if you came up with a really good alternative fuel? you'd become silly rich, so who wouldn't want to look?

[JPMNICK]

people are using more and more gasoline...what would you expect the prices to go? also, do you know what would happen if you came up with a really good alternative fuel? you'd become silly rich, so who wouldn't want to look?

Sailor is right, Asian countries are using more and more oil than ever before. China and India both are in the midst of a huge economic boom, and more of their citzens are becoming dependant on oil just like we are. more people = higher prices.

[Thrice]

people are using more and more gasoline...what would you expect the prices to go? also, do you know what would happen if you came up with a really good alternative fuel? you'd become silly rich, so who wouldn't want to look?

Who wouldn't? The heads of every major oil company in the world, that's who. They are in the business of oil and if someone does develop a more affordable and viable alternative to oil every one of those companies becomes obsolete. So what concern do these CEOs have about the future when they are already silly rich and become sillier and richier as the demand for oil grows? Oil is a finite resource and demand for that resource will only grow greater over time without the introduction of an alternative. Meaning these oil companies haven't even begun to see a ceiling to their profits. Where is the true motivation in researching and developing a viable alternative to oil when you're already seeing record breaking profits each and every year with no end in sight for at least 20-30 years. How many companies concern themselves about the marketplace 30 years down the road when they are making money hand over fist today? Stockholders are happy, voters don't care. There is no motivation for change.

I'm tired of the lip service from politicians and being strung up like a marionette while the oil companies pull the strings.

[Thrice]

Sailor is right, Asian countries are using more and more oil than ever before. China and India both are in the midst of a huge economic boom, and more of their citzens are becoming dependant on oil just like we are. more people = higher prices.

I fully understand the laws of supply and demand. I have a problem with oil being the only game in town. I also have a problem with a dying resource being the life blood of this country.

[Thrice]

It's incredible to think how little we've changed in this area over the last century.

Absolutely. It's nearly unfathomable considering how far technology has evolved over the past 100 years.

[TooLowBrow]

people are using more and more gasoline...what would you expect the prices to go? also, do you know what would happen if you came up with a really good alternative fuel? you'd become silly rich, so who wouldn't want to look?

if you want to look into alternative fuel where do you get the start up cash?

[FUNKMAN]

alternative fuel?

start burning prisoners... fed first

[cupcakelove]

people are using more and more gasoline...what would you expect the prices to go? also, do you know what would happen if you came up with a really good alternative fuel? you'd become silly rich, so who wouldn't want to look?

People that are making tons of money off of oil, that's who. It takes a lot of startup capital to make not just a new type of engine, but to mass produce the vehicles, and some how get the infrastructure to support these vehicles. We've invested a lot of money into oil, and it would take a fair amount of time and money upfront to move away from it. The desire among the masses just isn't there yet. There are too many people who don't care.

[sailor]

People that are making tons of money off of oil, that's who. It takes a lot of startup capital to make not just a new type of engine, but to mass produce the vehicles, and some how get the infrastructure to support these vehicles. We've invested a lot of money into oil, and it would take a fair amount of time and money upfront to move away from it. The desire among the masses just isn't there yet. There are too many people who don't care.

and there's no one with money from any other source? crazy talk.

also, bp (http://www.bp.com/modularhome.do?categoryId=7010&contentId=7026283) for one is an oil company giving at least lip service (i'd say probably more than that) to alternative fuels. even if your money is coming from oil, if you were the first to come up with something better, you'd make more money.

[Thrice]

and there's no one with money from any other source? crazy talk.

also, bp (http://www.bp.com/modularhome.do?categoryId=7010&contentId=7026283) for one is an oil company giving at least lip service (i'd say probably more than that) to alternative fuels. even if your money is coming from oil, if you were the first to come up with something better, you'd make more money.

Oh man. BP is NOT the answer. They define lipservice.

Here is just a portion of their handiwork.

In 2001-
BP Amoco
In one year, BP Amoco made quite a name for itself as a nasty oil company:


In February, BP Amoco's Alaska subsidiary -- BP Exploration (Alaska) Inc. -- was hit with a $500,000 criminal fine for failing to report the illegal disposal of hazardous waste on Alaska's North Slope. The company was also ordered to establish a nationwide environmental management system designed to prevent future violations.
BP Amoco has also paid $6.5 million in civil penalties to resolve allegations that the company illegally disposed of hazardous waste and violated federal drinking water law.


The company is now constructing a controversial offshore oil project in the Arctic, and heavily lobbying Congress to open the Arctic National Wildlife Refuge to drilling.

In April, BP Amoco agreed to pay $32 million to resolve claims that it underpaid royalties due for oil produced on federal and Indian lands since 1988.

In July, BP/Amoco agreed to pay $10 million to settle a Clean Air Act case.

also

BP: In March 2006, a leak in the Alaska pipeline that BP maintains led to the second biggest oil spill in Alaskan history. Then, in August 2006, BP was forced to shut down the pipeline because of massive corrosion problems the company had permitted to fester.

BP is a gross violater of human rights and the enviroment.

[sailor]

but, what does any of that have to do with them looking into the possibility of making money from an alternative fuel? that was my only point.

[cupcakelove]

but, what does any of that have to do with them looking into the possibility of making money from an alternative fuel? that was my only point.

Because they know they make money from oil, and not just some money, a sick disgusting amount of money. Why would you want to invest in something that could fuck all of that up? Its up in the air how much they would make from an alternative (but its probably a sure thing it won't be anywhere near as much).

[sailor]

Because they know they make money from oil, and not just some money, a sick disgusting amount of money. Why would you want to invest in something that could fuck all of that up? Its up in the air how much they would make from an alternative (but its probably a sure thing it won't be anywhere near as much).

based on what? i know you're speculating as much as i am, but your speculation doesn't seem to me to be grounded in any type of reality.

[A.J.]

It only costs $13-14 to fill up my SUV over here.

[cupcakelove]

based on what? i know you're speculating as much as i am, but your speculation doesn't seem to me to be grounded in any type of reality.

Have you seen 'Who killed the electric car'?

[badmonkey]

screw the oil companies, use the Astroglide instead...


http://secure.condomania.com/images/L-AG-4OZ_1_dt.jpg

http://i.treehugger.com/files/th_images/burning.car.500.jpg
Apparently my truck doesn't run on Astroglide.

Thanks a lot Funk, you asshole.

Badmonkey

[Snacks]

Have you seen 'Who killed the electric car'?

great movie. There is a company that created battery that would last for long driving and charge fast. It would be all the car needed. But the company was purchased (I think via stock purchase, takeover not the owner selling) Who purchased the company? The oil industry and now do not use or allow use of that technology.

The oil companies spend millions stopping development of other possible fuel sources. The movie shows all this so go watch it.

[SatCam]

http://i.treehugger.com/files/th_images/burning.car.500.jpg
Apparently my truck doesn't run on Astroglide.

Thanks a lot Funk, you asshole.

Badmonkey

thats the wrong kind of tailpipe

[Jujubees2]

great movie. There is a company that created battery that would last for long driving and charge fast. It would be all the car needed. But the company was purchased (I think via stock purchase, takeover not the owner selling) Who purchased the company? The oil industry and now do not use or allow use of that technology.

The oil companies spend millions stopping development of other possible fuel sources. The movie shows all this so go watch it.

Yeah, and in the early 1900's Los Angeles had a mass transit system (cable cars, I think) that was bought out by GM so they could sell more cars. And we all know how many cars are on the highways of Southern California now.

[Yerdaddy]

It only costs $13-14 to fill up my SUV over here.

That's how much I paid for a threesome in Bangkok. It really is all about location, location, location.

[scottinnj]

We used to fill up our Blazers in Saudia Arabia for 12 cents a gallon for diesel. And they don't even refine the shit they drill out of the ground.


$4.80 for 20 gallons of diesel. That's something else. We did that because the first month of Desert Shield resulted in crummy, gelled up diesel coming to us from Europe. So we just filled up our Blazers and pickups with local fuel out of pocket until the Army got a decent supply line of fuel for our trucks.

But I want ethanol, biodiesel and hydrogen cars. Not to mention the "volt" coming from GM.

[epo]

After everything that we've seen in the last 10 years from the Middle East I can't believe we are still talking about how much oil prices are.

Our federal government should have a massive "Manhattan Project" for transportation fuel well underway to create energy independence for this nation of ours. The mere fact that this type of idea isn't in the mainstream only proves how unengaged our populus truly is.

[scottinnj]

Our federal government should have a massive "Manhattan Project" for transportation fuel well underway to create energy independence for this nation of ours.

I couldn't agree more! As successful as the Apollo project going to the moon was, I am surprised that even back in the Carter era we didn't have a push to develop an infrastructure to change from an oil based transportation system to a renewable energy source to power our trains, trucks, buses and cars. If we had done that, even if we had kept our electrical grid running on fossil fuels and coal, by now we would have been off the tit of Arabian oil, and our pollution output would be dramatically less then what it is now.

Carter had the oil crisis, but he, Reagan, Bush, Clinton and Bush Jr. never had the guts to go up against Big Oil-instead we pressured the Middle East either by harsh threats or military action to keep their wells pumping the oil our country depends on for its transportation needs.

[high fly]

Ok, so now I'm hearing oil is at 90$ a barrel.
I just filled the tank at $2.61 a gallon, yet when the price per barrel was a lot less, I had to pay over $3.
What's up with that?

[Snacks]

Ok, so now I'm hearing oil is at 90$ a barrel.
I just filled the tank at $2.61 a gallon, yet when the price per barrel was a lot less, I had to pay over $3.
What's up with that?

I was thinking the same thing. Gas was more expensive at $75 and $80. I guess Bill "THe Jerkoff" Oreilly was correct about the companies price gauging.

[epo]

Ok, so now I'm hearing oil is at 90$ a barrel.
I just filled the tank at $2.61 a gallon, yet when the price per barrel was a lot less, I had to pay over $3.
What's up with that?

I went $2.89 today in Milwaukee. Get used to it....it's only gonna get worse....

[WRESTLINGFAN]

Ok, so now I'm hearing oil is at 90$ a barrel.
I just filled the tank at $2.61 a gallon, yet when the price per barrel was a lot less, I had to pay over $3.
What's up with that?

It closed at $91.86. With new sanctions on Iran, Border skirmishes between the Kurds and Turks and possible escalated military action. It wont surprise me if it hits $100

[conman823]

We are, in effect, occupying the richest oil barring nation in the world. The least that could happen with troops dying is better gas prices.
It will be funny to see when Bush leaves how the prices go, with his family being oil tycoons and all.

[A.J.]

We are, in effect, occupying the richest oil barring nation in the world.

Second-richest. Saudi Arabia is tops.

[Bossanova]

Ok, so now I'm hearing oil is at 90$ a barrel.
I just filled the tank at $2.61 a gallon, yet when the price per barrel was a lot less, I had to pay over $3.
What's up with that?

$90 is for heating oil, not fuel for vehicles.

[sailor]

$90 is for heating oil, not fuel for vehicles.

hahaha that's really hilarious. thanks for the info.

[Yerdaddy]

$90 is for heating oil, not fuel for vehicles.

That is hilarious because heating oil isn't even priced by the barrel - it's priced by the gallon.

http://www.wtrg.com/daily/small/hofclose.gif

http://www.wtrg.com/daily/small/clfclose.gif

[CruelCircus]

Gas was more expensive before b/c of refining issues, not just the price of crude. After Katrina, a significant portion of our refining, drilling, and storage facilities were shut down or temporarily disrupted. Most of those refineries are back online now, so the price should be more stable.

Gasoline and heating oil are byproduct commodities, and while their price will obviously be closely tied to crude prices, there are other factors that can affect the price as well.