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F*** opec
So as everyone knows, gas prices have fallen the past 38 days in a row. What does OPEC decide to do now? Cut 1.5 Million barrels a day...crude oil still dropped $3.XX today so it kinda backfired on them. Feel bad for you guys in Atlanta that will have an even harder time finding gas.
Another thing that needs to be pointed out: gas prices are only down 32% from when they peaked while crude oil is down by 55%....how the hell does that shit work? /rant. |
OPEC said that they'd do this if prices continued to fall. Money hungry pieces of shit that they are.
And we've actually had gas here in Atlanta for quite some time now, but I wonder how the media will panic everyone into hoarding gas this time... Oh, and that shit works out because no one f***ing keeps them in line because too many people are making money off of them making a ton of money. |
Originally Posted by KPLAFIN
(Post 323268)
So as everyone knows, gas prices have fallen the past 38 days in a row. What does OPEC decide to do now? Cut 1.5 Million barrels a day...crude oil still dropped $3.XX today so it kinda backfired on them. Feel bad for you guys in Atlanta that will have an even harder time finding gas.
Another thing that needs to be pointed out: gas prices are only down 32% from when they peaked while crude oil is down by 55%....how the hell does that shit work? /rant. |
Originally Posted by Saml01
(Post 323278)
Gas prices fall slower then crude because the gas stations take forever to lower their prices while they cash in on the cheaper gas.
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Originally Posted by Saml01
(Post 323278)
Gas prices fall slower then crude because the gas stations take forever to lower their prices while they cash in on the cheaper gas.
Gas here in milpitas is a whooping 3.45 still. My girlfriend lives in sacramento, visit her twice a week. Unleaded gas over there has already dropped to 2.85. |
Originally Posted by badboy88000
(Post 323291)
you hit the bullet on that one.
Gas here in milpitas is a whooping 3.45 still. My girlfriend lives in sacramento, visit her twice a week. Unleaded gas over there has already dropped to 2.85. |
dont you hate that? not only is it expensive, its cheap piss water 91. Supposedly "environmental friendly" gas has a premium of almost 50¢ - $1.00 more.
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Originally Posted by badboy88000
(Post 323299)
dont you hate that? not only is it expensive, its cheap piss water 91. Supposedly "environmental friendly" gas has a premium of almost 50¢ - $1.00 more.
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It was $2.45/gallon when I went in to work today, wonder what it will be when I get out at 5pm.
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Originally Posted by RotorNutFD3S
(Post 323301)
It was $2.45/gallon when I went in to work today, wonder what it will be when I get out at 5pm.
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opec needs to go ahead and buckle up for the depression. If they don't keep prices low, they're going to get hurt worse.
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Shit! I knew I should have filled up this morning. Damn it...
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Originally Posted by RotorNutFD3S
(Post 323327)
Shit! I knew I should have filled up this morning. Damn it...
apparently the barrel price is dropping too, lol. Cut away durkas, our economy is too busy shooting itself in the face for us to care. |
Originally Posted by KPLAFIN
(Post 323300)
That's because of all the "greenies" over there in Cali, f- the environment too IMHO...what exactly is "environmental friendly gas" by the way?
environmentally friendly means that the additives (like MTBE) dont stay in the environment and seep into, say, groundwater and get into your drinking glass and grow you a third arm. or they get into other ecosystems and alter the biochemistry of animals. but the point is: something SMALL that you think is insignificant can have huge impacts that you aren't aware of. example: aquatic life in the chesapeake is threatened and makes it harder to get tasty seafood dishes cheap because of.. farmers and pavement. why: factory farms use excessive fertilizer ("some is good, more is better" mentality, though false, is prevalent) and during rain the fertilizer washes off but since land is paved over, does not soak into the ground where it can be filtered naturally by soils and sand, keeps flowing until it reaches storm drains that dump into the bay. the fertilizer feed the algae at the storm drain outlets and causes algal blooms that overwhelm the local ecosystem and block out light to the animals and plants that live there. those die off and disrupt the food chain. you are part of the food chain. so it's really easy to be cavalier about the environment when you're ignorant about how it works. writing it off as "greenie voodoo" doesn't make it not true. |
Originally Posted by KPLAFIN
(Post 323268)
So as everyone knows, gas prices have fallen the past 38 days in a row. What does OPEC decide to do now? Cut 1.5 Million barrels a day...
Any country with half a brain and a nationalized oil industry is going to try to keep prices high. We'd do the same thing if we had oil. Farmers sometimes use the same tactic. The smart countries in OPEC are the ones that see the writing on the wall and are trying to diversify their revenue streams. |
The bad thing is they said they're going to meet again in December to maybe do it again. Greedy bastards.:fawk:
I hope they have all their money in high risk shit and lose their ass. They need to be taken down a few pegs. |
Originally Posted by y8s
(Post 323339)
environmentally friendly means that the additives (like MTBE) dont stay in the environment and seep into, say, groundwater and get into your drinking glass and grow you a third arm. or they get into other ecosystems and alter the biochemistry of animals.
Since 1992, MTBE has been used at higher concentrations in some gasoline to fulfill the oxygenate requirements set by the United States Congress in Clean Air Act amendments; however, since 1999, in California and other locations MTBE has begun to be phased out because of groundwater contamination (California Air Resources Board, 2004). Due to its higher solubility in water MTBE moves more quickly than other fuel components (California Air Resources Board, 2004). The Energy Policy Act of 2005 reduces the federal requirement for oxygen content in reformulated gasoline[2]. In 1995 high levels of MTBE were unexpectedly discovered in the water wells of Santa Monica, California, and the U.S. Geological Survey reported detections.[3] Subsequent U.S. findings indicate tens of thousands of contaminated sites in water wells distributed across the country. As per toxicity alone, MTBE is not classified as a hazard for the environment. The maximum contaminant level of MTBE in drinking water has not yet been established by the EPA. The leakage problem is partially attributed to the lack of effective regulations for underground storage tanks, but spillage from overfilling remains an important upset scenario. As an ingredient in unleaded gasoline, MTBE is the most soluble part. When dissolved in groundwater, MTBE will lead the contaminant plume with the remaining components such as benzene, toluene, etc. to follow. Thus the discovery of MTBE in public groundwater wells indicates that the contaminant source was a gasoline release. Its criticism and subsequent decreased usage, some claim, is more a product of its easy detectability (taste) in extremely low concentrations (ppb) than its toxicity, as benzene is much more toxic but remains a fuel additive. The MTBE concentrations used in the EU (usually 1.0–1.6%) and allowed (maximum 5%) in Europe are lower than in California.[4] Methyl tert-butyl ether - Wikipedia, the free encyclopedia Another reason why that shit needed to be phased-out, many believed it to be the cause for many car fires. It allegedly eroded fuel lines on older cars, causing spontaneous combustion. |
Originally Posted by hustler
(Post 323332)
Cut away durkas, our economy is too busy shooting itself in the face for us to care.
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Didn't they make an ultimatum a while back. Stating that if the price for oil dropped below a certain amount, they'd stop supplying? Or were they just going to cut back production? I thought I read they'd stop supply.
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Nigerian Energy Minister brings up a good point at 1 min 25 sec. They're just be realistic and looking out for their own self interest. |
Originally Posted by RotorNutFD3S
(Post 323276)
Money hungry pieces of shit that they are.
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This was in the NY Times the other day - if oil stays down, some OPEC countries will feel their shorts tightening up.
http://www.nytimes.com/2008/10/21/wo...e&st=cse&scp=2 |
Our entire problem is because of oil prices. They continually made record profits for no reason. Taking billions out of the economy everywhere, except the oil company. And now that they are going back to the normal before Katrina. Ohhhhh we are not ripping people off enough.
Trust me they are making a profit. The goverments should stand together as a whole and say no. People seemed to be doing fine paying rent until their rent money started going into the gas tank. Gas rasing from $1.28 to $4.00 a gallon in a brief period. And paycheck raises are being halted due to the economy. Layoffs everywhere. Oil trickles into everything. You have to transport things. They are too GREEDY! I forgot how much money goes back into the economy for every $1.00 gas drops. And who gives a crap about the oil contry's. They have made enough, this recession should hit them too. They are a big part of it. |
You know, if you think about it that way, it does make sense.
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Originally Posted by KPLAFIN
(Post 323304)
$3.15, they're going to have to raise it because of the "speculated rise" in prices.. :jerkit:
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I filled up last night for $2.39/gallon, which was less than the $2.45/gallon it was when I went into work. Nothing seems to be affected since prices are the same today.
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I don't get it. What are they doing now that they didn't do 5 years ago that demands such high pricing? I understand the situation now versus the early and mid 90's, but even 4-7 years ago, prices weren't this high and OPEC was IIRC doing just fine. I'll have to read back and see what was happening and if they actually needed the money. I'm not assuming some sort of stand on the subject. Just posing a question.
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Originally Posted by RotorNutFD3S
(Post 323588)
I filled up last night for $2.39/gallon, which was less than the $2.45/gallon it was when I went into work. Nothing seems to be affected since prices are the same today.
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Originally Posted by 944obscene
(Post 323601)
I don't get it. What are they doing now that they didn't do 5 years ago that demands such high pricing? I understand the situation now versus the early and mid 90's, but even 4-7 years ago, prices weren't this high and OPEC was IIRC doing just fine. I'll have to read back and see what was happening and if they actually needed the money. I'm not assuming some sort of stand on the subject. Just posing a question.
I've read that the Saudi's need $55/barrel at current production levels to break even - Iran and Venezuela are more like $75 to cover their budgets. What we ought to do is get together with Canada, Brazil, and Argentina and form an organization for grain exporters to deal with OPEC. Tough farming in the desert. |
Originally Posted by xturner
(Post 323715)
What we ought to do is get together with Canada, Brazil, and Argentina and form an organization for grain exporters to deal with OPEC. Tough farming in the desert.
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Farmers fight back!
I like it. |
سبق أن قلت ان ما يقرب من المزارعين ، البلهاء
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What in the bloody hell does that say?!
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I means I already said that about the farmers.
Everyone seems to have not seen my post on the first page, or are just ignoring it. :) |
Things are tough all over, I was in Kuwait yesterday, and gas is $.87 a gallon , and there population is up in arms over the price.
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So gas prices finally drop to a point where people can afford it and have money to boost the economy, and what the fuck do those fuckers do. They try and spike the prices again so we all are hurting for money again.
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And if we had the oil, we wouldn't do the same thing?
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I'm sure we'd want to, but what about regulating bodies? Someone would halt us in our steps, no?.
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