Gas Prices will be over $4.00
04-19-10, 03:29 PM
#76
because everyone can just buy a new car whenever gas prices go up to take advantage of new standards? Its irrelevant if you arent in a financial position to afford a new car.
im sure the Fed printing loads of money has nothing to do with $7 gas, but it will be blamed on the evil oil companies making profits.
im sure the Fed printing loads of money has nothing to do with $7 gas, but it will be blamed on the evil oil companies making profits.
04-19-10, 03:52 PM
#78
Lexus Fanatic
Now, that's not to say that the world's oil reserves are going to run out tomorrow, or even in the near future...particularly in Saudi Arabia with its enormous resources. But world oil production peaked in 1970 (ironically, BTW, the peak year for American muscle-cars), and, since then, more is being used than discovered in new sources. Simple math proves that it can't go on forever.
Last edited by mmarshall; 04-19-10 at 03:56 PM.
But I cannot do anything about it, so might as well make lite of the situation.
04-19-10, 04:00 PM
#80
Lexus Fanatic
Originally Posted by Pearlpower
Keeping my fingers crossed for $7.00 a gallon gas.
04-19-10, 08:26 PM
#82
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Say in 5 years gas is $7 a gal. Okay, so someone who has the money for a new car can afford a new car that gets 35 + MPG. But what if you can't? Might as well get a jump start on the impending doom.
04-19-10, 08:32 PM
#83
$7 a gallon would hurt many many people in the US's pocket. Even if you drive a car that gets 35mpg. For me that would be horrible to fill the car up, would almost not be worth it for how little I work now while in school. 7 X 15 = $105 for me. And that's only filling up at 1/4 of the tank left. I certainly hope it doesn't go anywhere near that price. They want to see unemployment rise, do that and you'll have plenty of people still in high-school dropping jobs, and folks who are still in college doing the same. I know that doesn't make up a majority of our society, but still it's a portion.
05-03-10, 09:21 AM
#85
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http://www.newsminer.com/pages/full_...20&id=7222100&
the price of gas is one thing but its also heating fuel prices which are having a big effect on many people
"The Alaska Public Radio Network reports that gas prices in McGrath rose from $6 a gallon to $9.20 a gallon over the weekend"
05-03-10, 09:35 AM
#86
Lexus Fanatic
Still cheap by European standards, but, in my neighborhood, 87-Octane regular now averages $3.00 a gallon...up substantially from just a few months ago. It's probably somewhat more than that in CA, where gas is traditionally more expensive.
Seems obvious, though, that the current price run-up, in the last few weeks or so, is related to the Gulf oil spill, the media panic and its effect on oil-speculators, and the political prospect of Obama and Congress changing their minds on allowing more offshore drilling.
Seems obvious, though, that the current price run-up, in the last few weeks or so, is related to the Gulf oil spill, the media panic and its effect on oil-speculators, and the political prospect of Obama and Congress changing their minds on allowing more offshore drilling.
05-03-10, 10:38 AM
#90
Sigh...do you guys know America holds the single largest oil reserve in the world?
http://www.usgs.gov/newsroom/article.asp?ID=1911
http://www.usgs.gov/newsroom/article.asp?ID=1911
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.
USGS worked with the North Dakota Geological Survey, a number of petroleum industry companies and independents, universities and other experts to develop a geological understanding of the Bakken Formation. These groups provided critical information and feedback on geological and engineering concepts important to building the geologic and production models used in the assessment.
USGS worked with the North Dakota Geological Survey, a number of petroleum industry companies and independents, universities and other experts to develop a geological understanding of the Bakken Formation. These groups provided critical information and feedback on geological and engineering concepts important to building the geologic and production models used in the assessment.