View Full Version : Price of Oil
MeskDXB
04-23-2008, 12:25 AM
Lots of AFN members just like to post stories and then blame the "damn godless liberals" for it.
So, I will give it a try: Price of Oil touched $120/barrel in Asia today.
Damn Republicans. (I don't really believe in this, however, just wanted to play same game)
Existing Homes Sales fall 2pct in March. OHHHHHHH damn repubs.
mikezila
04-23-2008, 12:27 AM
good thing we aren't buying oil in Asia.
MeskDXB
04-23-2008, 12:29 AM
good thing we aren't buying oil in Asia.
Shows what you know! Its not about buying oil in asia - its the traded price. As soon as our commodities markets open in Europe and USA, the price will be reflected here also. its a world price.
mikezila
04-23-2008, 12:35 AM
Shows what you know! Its not about buying oil in asia - its the traded price. As soon as our commodities markets open in Europe and USA, the price will be reflected here also. its a world price.
it might go up more?..it might drop like a rock? won't know until the end of the day...any how, i'm not buying gas for the rest of the week.
MeskDXB
04-23-2008, 12:36 AM
it might go up more?..it might drop like a rock? won't know until the end of the day...any how, i'm not buying gas for the rest of the week.
The thread was not really about the price of oil. It was about posting a news story and then blaming a political party for it.
mikezila
04-23-2008, 12:40 AM
The thread was not really about the price of oil. It was about posting a news story and then blaming a political party for it.
i know, but it wasn't as much fun as running with the ball.
MeskDXB
04-23-2008, 12:43 AM
i know, but it wasn't as much fun as running with the ball.
yeah. The price of oil and the value of the USD are kind of killing each other. Since oil trades in USD, everytime the oil price goes up, the USD goes down which in turn makes the oil price goes up, then in turn the dollar goes down, etc. etc.
Phyrex
04-23-2008, 05:43 AM
Drill ANWR, problem solved.
koutaka
04-23-2008, 07:46 AM
We have bioethanol as means of reduction to price of oil, but we don't have more fresh water to agriculture. So, we have little margin to expand farmland on current condition.
I guess we can take some ways to solve against this matter.
First, making bioethanol from marine algae. It has been taken already by some companies in US.
Second, making fresh water from sea by seawater desalination plant for agriculture. I've heard that some farms have already run plants for their own farm in South America. It may take expensive cost, but I guess it can make benefit on current market.
Third,
WAR.
Can we have any other way?
primitive man
04-23-2008, 09:38 AM
doesn't matter how much oil is on the market. the finance market, i.e.- wall street, will play games with peoples lives for the bottom line, profit.
a few more jets need to slam into wall street.
mikezila
04-23-2008, 12:26 PM
Drill ANWR, problem solved.
coal liquefaction. we are the Persian Gulf of coal.
primitive man
04-24-2008, 08:48 AM
tell me this. how much is a barrel of oil when it is extracted out of the gound? before the market says what it is worth.
somebody fucking shoot a coporate nazi. please? i'll show up at his funeral and piss on his grave.
Travh20
04-24-2008, 10:03 AM
I say damn liberals because they are the ones keeping us from being energy independent. They wont let us drill our own oil and then they turn around and get upset when we buy oil from questionable countries. They complain about wars for oil and refuse to let us gather our own on our own soil, ending any need to fight for it on the other side of the world. Also, they complain about jobs, think how many jobs would be created, how much wealth we would have, if we tapped our vast oil reserves in our own country. But no, they want their cake and to eat it to. No oil wells anywhere where they can see them, and cheap gas and world peace as well. Wake up libs.
If you really want peace in the middle east let us become energy independent. Let us drill our own oil. Lets stop pretending energy independence means alternative fuels, that is a crock of shit. While I support investing heavily in realistic alternative fuels research, I know that simply talking about it wont get it done. At this time energy independence means having our own oil supply on our own soil.
Frogger
04-24-2008, 11:09 AM
The thread was not really about the price of oil. It was about posting a news story and then blaming a political party for it.
We understand that but you made a mistake. It isn't the damned Republicans. It's the damned Democrats. It is always the damned Democrats.:taser:
Foolsworth
04-24-2008, 11:26 AM
tell me this. how much is a barrel of oil when it is extracted out of the gound? before the market says what it is worth.
somebody fucking shoot a coporate nazi. please? i'll show up at his funeral and piss on his grave.
The World is awash in Oil.
OPEC and their Oil Cartel,are concerned with the Value of their
resource.If the World is Demand driven in it's pursuit of Oil,then
the Price is driven up by Future's Commodity Traders.
Oil is valued due to it's Availablilty { which OPEC Firmly meets and
controls,being able to open and close their spicket } and the
Worth { determined by it's Demand on the open market }.
Laws of Supply and Demand don't really apply,because OPEC can
easily meet demand.Therefore oil is priced due to Demand.
Since mChina and India are gonna hog crazy with the demand for oil
and Americans aren't willing to cut back,then Oil will continue to spiral.
If Americans tighten their belts,and copnsume LESS,than Traders
will also Decide that Oil Reserves are bountifull and therefore the
price per barrel will drop,accordingly.
Dig Daddio ?
LionelHutz
04-24-2008, 11:26 AM
At this time energy independence means having our own oil supply on our own soil.
I say we should use up everyone else's first, and when they run out we'll still have some.
Leper
04-24-2008, 11:49 AM
I say we should use up everyone else's first, and when they run out we'll still have some.
I like the thinking here!
Of course, I still think we should do everything we can to free ourselves of oil dependence - i.e. develop nuclear, wind, and solar energy and convert to electric or hydrogen automobiles which draw their energy indirectly from those sources.
And kill all notions of ethanol/biofuel being anything better than fossil fuel sources.
mikezila
04-24-2008, 12:07 PM
And kill all notions of ethanol/biofuel being anything better than fossil fuel sources.
it would be if it was cellouse based ethanol. crop byproducts, saw grass and lawn clippings as fuel would rock!...food for fuel, not so much.
CarbonBasedLife
04-24-2008, 12:07 PM
I say we should use up everyone else's first, and when they run out we'll still have some.
That's brilliant! Run for president in 2024?
rendova
04-24-2008, 12:14 PM
coal liquefaction. we are the Persian Gulf of coal.
How far advanced are we with this?
Are the guys at MIT and Cal Tech working on THIS instead of playing tiddlywinks and developing atom smashers?
They need to do SOMETHING or I'm gonna buy a team of oxen at the next farm auction.
mikezila
04-24-2008, 12:26 PM
How far advanced are we with this?
Are the guys at MIT and Cal Tech working on THIS instead of playing tiddlywinks and developing atom smashers?
They need to do SOMETHING or I'm gonna buy a team of oxen at the next farm auction.
WY's Governor was pushing it a few years back, but i'm not sure it got off the ground...but it should have, we got the technology from the Nazis.:@@:
CarbonBasedLife
04-24-2008, 12:34 PM
WY's Governor was pushing it a few years back, but i'm not sure it got off the ground...but it should have, we got the technology from the Nazis.:@@:
Makes sense...Nazis perfected the art of liquefying things. :(
rendova
04-24-2008, 12:47 PM
What's the latest on solar powered and electric cars?
Several years ago I read about an engine that was powered by water.
mikezila
04-24-2008, 12:58 PM
What's the latest on solar powered and electric cars?
Several years ago I read about an engine that was powered by water.
the Volt (http://en.wikipedia.org/wiki/Chevrolet_Volt) is looking like 2010...but the word on the street at Milford is maybe late next year. if you can't wait that long, there's the Tesla Roadster (http://en.wikipedia.org/wiki/Tesla_Roadster) ;)
Foolsworth
04-24-2008, 12:59 PM
What's the latest on solar powered and electric cars?
Several years ago I read about an engine that was powered by water.
I posted about 2 months ago about a $50,ooo Electric car
with an electric Motor with only ONE Moving part.
rendova
04-24-2008, 01:02 PM
Very good, guys. The Nobel Prize for you both.
Fifty thousand--too much. Make it 15 and we'll talk.
mikezila
04-24-2008, 01:12 PM
Very good, guys. The Nobel Prize for you both.
Fifty thousand--too much. Make it 15 and we'll talk.
there's a used Fiero down the street for $500. for $14,500 i'm sure i could come up with something....hell, there's no way to use $14,500 in gas over the next 10 years.
Leper
04-24-2008, 02:59 PM
it would be if it was cellouse based ethanol. crop byproducts, saw grass and lawn clippings as fuel would rock!...food for fuel, not so much.
Whatever crop you convert to fuel - you're still using farmland or plowing over wilderness for fuel. That's not only shortsighted, but it's just plain wrong.
As for lawn clippings - that'll never be a reality until you have a system to gather everyone's lawn clippings, and I have little doubt that would be more trouble than it's worth.
primitive man
04-24-2008, 04:48 PM
eh, the whole high price of oil will be a boon for local food and product markets. and the small mom and pop stores.
primitive man
04-24-2008, 04:52 PM
The World is awash in Oil.
OPEC and their Oil Cartel,are concerned with the Value of their
resource.If the World is Demand driven in it's pursuit of Oil,then
the Price is driven up by Future's Commodity Traders.
Oil is valued due to it's Availablilty { which OPEC Firmly meets and
controls,being able to open and close their spicket } and the
Worth { determined by it's Demand on the open market }.
Laws of Supply and Demand don't really apply,because OPEC can
easily meet demand.Therefore oil is priced due to Demand.
Since mChina and India are gonna hog crazy with the demand for oil
and Americans aren't willing to cut back,then Oil will continue to spiral.
If Americans tighten their belts,and copnsume LESS,than Traders
will also Decide that Oil Reserves are bountifull and therefore the
price per barrel will drop,accordingly.
Dig Daddio ?
more blah blah dude. tell me how much it is before it is barreled. how much does it actually cost to pump ? know what i mean?
what you ain't gettin is the finance market is playing with peoples lives.
ooo...someone farted in the middle east! quick! make oil prices higher.
oooo... there was an earthquake. make prices higher!
and so forth.
don't let economic "theories" blind you. just bald face facts man. truth.
Foolsworth
04-24-2008, 05:34 PM
more blah blah dude. tell me how much it is before it is barreled. how much does it actually cost to pump ? know what i mean?
what you ain't gettin is the finance market is playing with peoples lives.
ooo...someone farted in the middle east! quick! make oil prices higher.
oooo... there was an earthquake. make prices higher!
and so forth.
don't let economic "theories" blind you. just bald face facts man. truth.
Traders are concerned with the Oil reserves.There's roughly a 3 week
window for Future's traders to determine if there's enough supply to
meet current demand.
OPEC can easily flood the market with an oversupply.
But that wouldn't be in their best interest.The price could drop
precipitously and discourage further experimentaion,likewise.
The current phenomena of consumption is relatively new to the
Oil Industry.Refineries were closing due to a glut market condition
in the 90's.Too much available oil on the market also caused big Oil
to discount any notion of building new refineries.Too mush hassle
with new environmental regulation,and gas was actually UNDER a
Buck {$1.oo} for a time.Oil Companies were laying off and hurting,just
10 years ago.
Then in comes Mr.Big China and India,and they want Oil.
No New Refineries built in the U.S. since 1976.
Whatever oil is available to what few refiniries are at full capacity
is at a 80% level,at best.Meaning whatever Oil is Refined Today at
full cpacity is only 80% of what is on hand.That also means a 3 week
backlog of available refined crude.
Got it... Now.
mikezila
04-24-2008, 07:54 PM
Whatever crop you convert to fuel - you're still using farmland or plowing over wilderness for fuel. That's not only shortsighted, but it's just plain wrong.
As for lawn clippings - that'll never be a reality until you have a system to gather everyone's lawn clippings, and I have little doubt that would be more trouble than it's worth.
there is nothing done with corn husks, cobs or stalks, and saw grass grows on land unsuitable for other crops. lawn clippings have been picked up separately here for close to 10 years now since been illegal to landfill them.
sure, there will never be enough of it to replace gas, but as an additive, it's a great idea.
Foolsworth
04-24-2008, 08:08 PM
there is nothing done with corn husks, cobs or stalks, and saw grass grows on land unsuitable for other crops. lawn clippings have been picked up separately here for close to 10 years now since been illegal to landfill them.
sure, there will never be enough of it to replace gas, but as an additive, it's a great idea.
Ah! Furgit yer Godmaned Corn husks and Corn for Ethanol.
It's not worth the effort.Isn't cost efficient.
Converting Corn into usuable fuel is a losing proposition.
Haven't ya done learnt dat by now.
Ya gotta move on and get with it...already.
mikezila
04-24-2008, 08:11 PM
Ah! Furgit yer Godmaned Corn husks and Corn for Ethanol.
It's not worth the effort.Isn't cost efficient.
Converting Corn into usuable fuel is a losing proposition.
Haven't ya done learnt dat by now.
Ya gotta move on and get with it...already.
any time you can make something out of waste, you come out ahead....unless it costs you $4 a gallon to make:D
Foolsworth
04-24-2008, 08:18 PM
any time you can make something out of waste, you come out ahead....unless it costs you $4 a gallon to make:D
I guess one can glean yer not gonna be a CEO of a big
factory any time soon.
Cost IS Everything.
LionelHutz
04-24-2008, 09:53 PM
That's brilliant! Run for president in 2024?
I liked it too, but sadly I stole it from someone else.
eh, the whole high price of oil will be a boon for local food and product markets. and the small mom and pop stores.
Not really - usually shipping products in bulk from far away usually takes less energy/lb than tossing some boxes in the back of a truck and driving it into town.
Karankawa
04-24-2008, 10:18 PM
It still amazes me how people get up in arms about paying $3.50 a gallon for gas but have no qualms about paying $20 a gallon for bottled water.
Travh20
04-24-2008, 10:26 PM
WTF? Where have you been?
LiquidFork
04-24-2008, 10:47 PM
a few more jets need to slam into wall street.
That was fucking tasteless pure and simple. I see you write dozens of things that are off color and offend,but this post is your best work yet.
mikezila
04-25-2008, 07:30 AM
I guess one can glean yer not gonna be a CEO of a big
factory any time soon.
Cost IS Everything.
it's not cost, it's profitability:slap:
mikezila
04-25-2008, 07:34 AM
WTF? Where have you been?
do the math. bottled water sells for the same as soft drinks (at a gas station), well above the national average of $3.50 for a gallon of gas.
primitive man
04-25-2008, 10:04 AM
buying water. unless the local water supply is a cesspool i ain't falling for that one.
primitive man
04-25-2008, 10:05 AM
Traders are concerned with the Oil reserves.There's roughly a 3 week
window for Future's traders to determine if there's enough supply to
meet current demand.
OPEC can easily flood the market with an oversupply.
But that wouldn't be in their best interest.The price could drop
precipitously and discourage further experimentaion,likewise.
The current phenomena of consumption is relatively new to the
Oil Industry.Refineries were closing due to a glut market condition
in the 90's.Too much available oil on the market also caused big Oil
to discount any notion of building new refineries.Too mush hassle
with new environmental regulation,and gas was actually UNDER a
Buck {$1.oo} for a time.Oil Companies were laying off and hurting,just
10 years ago.
Then in comes Mr.Big China and India,and they want Oil.
No New Refineries built in the U.S. since 1976.
Whatever oil is available to what few refiniries are at full capacity
is at a 80% level,at best.Meaning whatever Oil is Refined Today at
full cpacity is only 80% of what is on hand.That also means a 3 week
backlog of available refined crude.
Got it... Now.
sounds like bullshit to me.
a shell game.
Travh20
04-25-2008, 10:09 AM
do the math. bottled water sells for the same as soft drinks (at a gas station), well above the national average of $3.50 for a gallon of gas.
so he has been gone selling bottled water this whole time?
mikezila
04-25-2008, 10:50 AM
so he has been gone selling bottled water this whole time?
i wish i had been. look at the profit margins!
primitive man
04-25-2008, 01:34 PM
maybe the price of gas is a liberal conspiracy? raise it high enough to incentive companies and people to go green?
heh, heh.................
primitive man
04-25-2008, 05:58 PM
idiots , idiots all. and the finance rich man market USES us all. all because some fuck shoots a rocket at a fucking ship prices jump.
idiots.
you know why people let it happen? they are chicken shit brainwashed morons who let the rich man call the shots. fuck you.
with this, fools worths diatribe is bullshit. people fall for school marm economics 101 like a bunch of forest gumps.
http://news.yahoo.com/s/ap/20080425/ap_on_bi_ge/oil_prices