IBTG81 Posted June 21, 2005 Share Posted June 21, 2005 http://www.journalstar.com/articles/2005/0...5c876953692.txt But, but, but...I thought we invaded Iraq for the oil!! Link to comment Share on other sites More sharing options...
VABills Posted June 21, 2005 Share Posted June 21, 2005 Shut up Ed. Link to comment Share on other sites More sharing options...
IBTG81 Posted June 21, 2005 Author Share Posted June 21, 2005 Shut up Ed. 363591[/snapback] Bite me, you overgrown fossil. Link to comment Share on other sites More sharing options...
erynthered Posted June 21, 2005 Share Posted June 21, 2005 Bite me, you overgrown fossil. 363599[/snapback] He's not over grown. Trust me. Undergrown may be the correct term. Link to comment Share on other sites More sharing options...
VABills Posted June 21, 2005 Share Posted June 21, 2005 He's not over grown. Trust me. Undergrown may be the correct term. 363666[/snapback] I'm perfect, my mommy told me so. Link to comment Share on other sites More sharing options...
CoachChuckDickerson Posted June 21, 2005 Share Posted June 21, 2005 http://www.journalstar.com/articles/2005/0...5c876953692.txt 363556[/snapback] 404 - File Not Found! Link to comment Share on other sites More sharing options...
IBTG81 Posted June 22, 2005 Author Share Posted June 22, 2005 404 - File Not Found! 363673[/snapback] Fixed. Link to comment Share on other sites More sharing options...
Tux of Borg Posted June 22, 2005 Share Posted June 22, 2005 He's not over grown. Trust me. Undergrown may be the correct term. 363666[/snapback] FAG Link to comment Share on other sites More sharing options...
boomerjamhead Posted June 22, 2005 Share Posted June 22, 2005 FAG 363799[/snapback] HOMOTARD Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 22, 2005 Share Posted June 22, 2005 http://www.journalstar.com/articles/2005/0...5c876953692.txtBut, but, but...I thought we invaded Iraq for the oil!! 363556[/snapback] We did. Now that we got it... We are gonna charge everybody more. You are not gullible to think that gas prices were gonna go down? Exact opposite my friend? That is like saying that since there is a salary cap, the owners will lower ticket prices! Again, the opposite happens. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted June 22, 2005 Share Posted June 22, 2005 $80 + is not unrealistic. Gas prices, though are more a result of lack of refining capacity than the actual unit price per bbl of crude. Oil and gas commodities are hedged. Someone somewhere is getting their oil for $38 a bbl right now. The current price per bbl and the price of gasoline aren't synched. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 22, 2005 Share Posted June 22, 2005 $80 + is not unrealistic. Gas prices, though are more a result of lack of refining capacity than the actual unit price per bbl of crude. Oil and gas commodities are hedged. Someone somewhere is getting their oil for $38 a bbl right now. The current price per bbl and the price of gasoline aren't synched. 363891[/snapback] True. When there is a mishap at a refinery or what not, I take it that it puts crimp in production and certain areas might see a spike? But, you can't deny it that they want us to pay at a certain level? Get it over 2 bucks, bring it down, now up a little, little higher, now lower, now higher, higher, still higher... Ease us into that 3 buck range and nobody screams. Call it scratching the back of big oil? There are a lot of variables. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted June 22, 2005 Share Posted June 22, 2005 True. When there is a mishap at a refinery or what not, I take it that it puts crimp in production and certain areas might see a spike? But, you can't deny it that they want us to pay at a certain level? Get it over 2 bucks, bring it down, now up a little, little higher, now lower, now higher, higher, still higher... Ease us into that 3 buck range and nobody screams. Call it scratching the back of big oil? There are a lot of variables. 363899[/snapback] Undoubtedly. The oil companies are basically total crooks, as far as I'm concerned - and to me, that is where most of the fault lies. I was just making the point that crude prices not not directly relate to current gas prices. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted June 22, 2005 Share Posted June 22, 2005 True. When there is a mishap at a refinery or what not, I take it that it puts crimp in production and certain areas might see a spike? That happened last summer...some sort of accident on the Mississippi caused a localized spike in prices in Florida, from the transport problems it caused. But, you can't deny it that they want us to pay at a certain level? Get it over 2 bucks, bring it down, now up a little, little higher, now lower, now higher, higher, still higher... Ease us into that 3 buck range and nobody screams. Call it scratching the back of big oil? There are a lot of variables. 363899[/snapback] The fluctuation of gas prices is more consistent with market pricing than it is price manipulation, and I think (I don't know, and can't prove it) what evidence of manipulation there is can probably be explained away by reasonable hedging on futures. Link to comment Share on other sites More sharing options...
Alaska Darin Posted June 22, 2005 Share Posted June 22, 2005 Refining is the issue - as it has been for years. The oil that President Clinton released from the NPR never made it to market in the US and was actually sold overseas because there wasn't refining capacity to handle it. According to one of industry buddies, gas prices would drop as much as a third if the oil companies simply stopped refining mid-grade gasoline and instead used that capacity to increase production of the lowest grade. They're definitely crooks and so is pretty much every large and too rich entity here in the US, starting with good ol' Uncle Sam. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted June 22, 2005 Share Posted June 22, 2005 Refining is the issue - as it has been for years. The oil that President Clinton released from the NPR never made it to market in the US and was actually sold overseas because there wasn't refining capacity to handle it. According to one of industry buddies, gas prices would drop as much as a third if the oil companies simply stopped refining mid-grade gasoline and instead used that capacity to increase production of the lowest grade. They're definitely crooks and so is pretty much every large and too rich entity here in the US, starting with good ol' Uncle Sam. 364045[/snapback] But what does a loser in Alaska know about the oil industry? Link to comment Share on other sites More sharing options...
VABills Posted June 22, 2005 Share Posted June 22, 2005 Refining is the issue - as it has been for years. The oil that President Clinton released from the NPR never made it to market in the US and was actually sold overseas because there wasn't refining capacity to handle it. According to one of industry buddies, gas prices would drop as much as a third if the oil companies simply stopped refining mid-grade gasoline and instead used that capacity to increase production of the lowest grade. They're definitely crooks and so is pretty much every large and too rich entity here in the US, starting with good ol' Uncle Sam. 364045[/snapback] Oh no. Big business bad, government bad. Where is my tinfoil hat? Ding. Jeez I wonder what is on Oprah? Link to comment Share on other sites More sharing options...
PastaJoe Posted June 22, 2005 Share Posted June 22, 2005 There was a good docudrama on FX a few weeks ago, I believe it was called "Oil Storm". It documented the effects that a hurricane in the Gulf of Mexico that damaged a major refinery in Louisiana would have. Then they threw in a plausible terrorist bombing of a facility in Saudi Arabia. Next thing you know the Chinese are outbidding the U.S. for future oil contracts, and the price of gas in the U.S. goes up to $8 a gallon for a year. Check it out if you get a chance. And it was non-political. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted June 22, 2005 Share Posted June 22, 2005 There was a good docudrama on FX a few weeks ago, I believe it was called "Oil Storm". It documented the effects that a hurricane in the Gulf of Mexico that damaged a major refinery in Louisiana would have. Then they threw in a plausible terrorist bombing of a facility in Saudi Arabia. Next thing you know the Chinese are outbidding the U.S. for future oil contracts, and the price of gas in the U.S. goes up to $8 a gallon for a year. Check it out if you get a chance. And it was non-political. 364600[/snapback] This must be some new definition of "good" that I've never heard before. "Oil Storm" sucked. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted June 22, 2005 Share Posted June 22, 2005 Oh no. Big business bad, government bad. Where is my tinfoil hat? Ding. Jeez I wonder what is on Oprah? 364056[/snapback] Thank you for your brilliant and so totally thought provoking insight. Link to comment Share on other sites More sharing options...
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