Oil price hitting $200 a barrel

quote:

Originally posted by monster:
there are some interesting tidbits in this article.http://money.cnn.com/2008/04/25/autos/SUV_AP.ap/index.htm?iref=werecommend

this one is hilarious to me: "Now owners of SUVs and other gas guzzlers who've seen the price of a fill-up climb sharply are getting a second shock when they try to trade in their behemoths. Used car dealers don't want the big vehicles on their lots anymore because hardly anyone is buying them. Some won't take them at any price."

thats what they get for buying that beast to boost their ego!

I didnt have mine to boost my ego. I did trade an Expedition for a new Maxima. However, I really miss my truck. We have all sorts of ball gear, the kids friends etc. We dont have alot of room anymore for groceries, kids and chairs, bats, balls, shoulder pads and bags etc. We could actually fill up the truck on weekends EASY with stuff that we needed. Now they fight about having to sit on it........

quote:

Originally posted by monster:
the first thing that needs to be done is start drilling ANWR! when the OPEC countries realize that we won't need them in about 10 years, they will start kissing our butts, rather than raping us.

bio-diesel and SVO (straight vegetable oil) systems are looking good to me. this months issue of "grassroots motorsports" has a story about pro racer randy pobst, and his SVO VW jetta TDI. when he gets low on "fuel" he stops at costco, gets a few jugs of wesson, and continues on for about half of what diesel costs at the pump.

I don't want to see food prices go up, as using food products for fuel will do, but we should use that to our advantage. its hard to grow corn/rice/wheat in the desert. what ever happened to the food for oil program. lets starve them out, until they realize that they need us as bad as we need them. and once ANWR is up and going, they can all burn in their own oil.

Monster, last I heard what we would get from ANWR would take 10 years and would only affect the cost of oil by a few cents. The only people that would benefit is big oil.
I'm with you on veg oil tho, any diesel can run on it with very little modification.
http://www.greasecar.com/
That's why I think we should be looking more at diesel power plants in our automobiles. With a few exceptions, VW etc. the only diesels made here are the big ones for trucks. We need smaller ones in cars also.

quote:

Originally posted by excelman:
Monster, last I heard what we would get from ANWR would take 10 years and would only affect the cost of oil by a few cents. The only people that would benefit is big oil.

first off, if bill clinton hadn't vetoed ANWR drilling in 1994, we would have started getting oil 4 years ago. so we wouldn't be in this situation today. why keep putting it off? with modern drilling practices, the drill site leaves a small foot print, and has very little environmental impact. the alaskan citizens want it, look at the referendums.

second, adding a million barrels of oil a day would drop the price considerably! when we LOSE a million barrels a day, does the price only go up a few cents? NO! it jumps considerably. we also would be less reliant on the world market. how much is self-sufficiency worth to you?

quote:

Originally posted by monster:

quote:

Originally posted by excelman:
Monster, last I heard what we would get from ANWR would take 10 years and would only affect the cost of oil by a few cents. The only people that would benefit is big oil.

first off, if bill clinton hadn't vetoed ANWR drilling in 1994, we would have started getting oil 4 years ago. so we wouldn't be in this situation today. why keep putting it off? with modern drilling practices, the drill site leaves a small foot print, and has very little environmental impact. the alaskan citizens want it, look at the referendums.

second, adding a million barrels of oil a day would drop the price considerably! when we LOSE a million barrels a day, does the price only go up a few cents? NO! it jumps considerably. we also would be less reliant on the world market. how much is self-sufficiency worth to you?

If we would just get the hell out of Iraq THAT alone would add 1/2 million barrels / day to the world supply.
Again, we were promised the same thing on the original Alaska oil line, but most of that oil was sold to Japan, especially early on.
We wil be MUCH, MUCH better off if we concentrate on conservation instead of more and more supply.
Bush's own people have stated that ANWR if at full production would only make about 1 cent reduction in the price of gasoline.
While I am not necessarily opposed to drilling up there, I just think that to keep on touting the great benefits is just foolish. Wouldn't make that much difference.
Can't find a link now, but I remember hearing somewhere that if all the cars in this country just got 2 mpg better mileage, the difference would be more than the difference in what we could get from ANWR.

quote:

Originally posted by excelman:

quote:

Originally posted by excelman:

If we would just get the hell out of Iraq THAT alone would add 1/2 million barrels / day to the world supply.
Again, we were promised the same thing on the original Alaska oil line, but most of that oil was sold to Japan, especially early on.
We wil be MUCH, MUCH better off if we concentrate on conservation instead of more and more supply.
Bush's own people have stated that ANWR if at full production would only make about 1 cent reduction in the price of gasoline.
While I am not necessarily opposed to drilling up there, I just think that to keep on touting the great benefits is just foolish. Wouldn't make that much difference.
Can't find a link now, but I remember hearing somewhere that if all the cars in this country just got 2 mpg better mileage, the difference would be more than the difference in what we could get from ANWR.

So, getting out of Iraq would save 1/2 million barrels a day and help a lot, but drilling in ANWR and getting over 1 million barrels a day wouldn't help much. Can't find the link now, but I remember somewhere that this doesn't make sense.

excelman, I respect most of what you say, but I just don't agree with you on this one. adding a million barrels a day WILL help. it can't hurt, thats for sure. if we left iraq, it wouldn't make a positive difference in the oil supply. I believe it would further de-stabilize the region and HURT supplies more than they are now. I agree that fuel efficiency will make a difference, but adding a million barrels a day, OF OUR OWN OIL, will make the biggest difference.

according to the US Government's Energy Information Administration, the United States consumes about 400 million gallons (1.51 billion litres) of gasoline every day. That figure equates to about 20 million barrels of oil every day. (from here)

For our one million barrels a day to significantly affect the price at the pump, the other 19 million would have to come down in price, too. The oil companies are for-profit organizations. If they're paying $120/bbl for foreign oil (which would account for the vast majority of the gasoline and other petroleum products), they're jolly well going to sell their products based on THAT price, not whatever they end up having to pay to acquire the domestic oil.

Develop ANWR, the Chicksa sea, the west coast, the Gulf, the east coast, and millions of acres of oil in tar-sands in the US, all off limits and you would make a major dent. Canada is developing their oil tar sands, but in the US, its off limits. Canada may have five times the Arabian reserves. US may have even more.

I'm willing to try just about anything to lower our dependence on foreign oil. if it only helps a little bit, its worth it. at the least, it will cut demand for foreign oil, which should help the price as long as OPEC doesn't cut production again.

quote:

Originally posted by monster:
I'm willing to try just about anything to lower our dependence on foreign oil. if it only helps a little bit, its worth it. at the least, it will cut demand for foreign oil, which should help the price as long as OPEC doesn't cut production again.

For me the thing to try is *ONLY* purchase high miles/gallon vehicles. My current car gets on the road at 60mph, 34.2MPG. Now, that is a Buick with a V6 3800 engine, which is to say not some little tin can of a car. I will NOT, under any circumstances, buy another car that does not get measurably better gas mileage. Screw the car companies and their advertising showing high horsepower SUV,s with sexy gals driving.
I will drive my little Honda bike around town at 50 MPG because that is better than the Harley at 40MPG.
Gonna try to get off my butt and start riding my bicycle more, for my health as much as for gas savings.
I believe that small changes to our everyday lives can make a big difference in the amt of gasoline (and thereby imported oil) we use.
Most of the things Howard mentioned are not necessarily bad, and like my discussion with you I don't have a lot of problem with the drilling in ANWR, However, all those options are very expensive and will not produce cheap oil. My personal belief is that they are all band aids to the infection.
If we demand high MPG cars, and refuse to buy the big high horsepower SUV's and trucks unless they are absolutely essential, we will start to get a handle on the problem of imported oil. I personally think that plug-in hybrids are the best intrum step. That next car I was talking about will be some form of electric I believe.
We have about worn out these forums on ideas about what we could be doing. Thing is we just gotta start doing some of it.