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Old 10-24-2008, 02:26 PM   #1
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Default 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 **** work?

/rant.
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Old 10-24-2008, 02:42 PM   #2
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OPEC said that they'd do this if prices continued to fall. Money hungry pieces of **** 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 **** 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.
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Old 10-24-2008, 02:44 PM   #3
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Originally Posted by KPLAFIN View Post
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 **** work?

/rant.
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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Old 10-24-2008, 02:49 PM   #4
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Gas prices fall slower then crude because the gas stations take forever to lower their prices while they cash in on the cheaper gas.
It was kind of a rhetorical question, I know HOW it happens, just not how they justify it before they go to bed.
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Old 10-24-2008, 03:03 PM   #5
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Gas prices fall slower then crude because the gas stations take forever to lower their prices while they cash in on the cheaper gas.
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.

Last edited by Marc D; 10-24-2008 at 03:13 PM.
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Old 10-24-2008, 03:06 PM   #6
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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.
Dang, I payed $2.65 yesterday...filled up my explorer and my miata before they cut production today.
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Old 10-24-2008, 03:15 PM   #7
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dont you hate that? not only is it expensive, its cheap **** water 91. Supposedly "environmental friendly" gas has a premium of almost 50˘ - $1.00 more.
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Old 10-24-2008, 03:18 PM   #8
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dont you hate that? not only is it expensive, its cheap **** water 91. Supposedly "environmental friendly" gas has a premium of almost 50˘ - $1.00 more.
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?
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Old 10-24-2008, 03:20 PM   #9
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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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Old 10-24-2008, 03:22 PM   #10
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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.
$3.15, they're going to have to raise it because of the "speculated rise" in prices..
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Old 10-24-2008, 03:27 PM   #11
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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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Old 10-24-2008, 03:59 PM   #12
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****! I knew I should have filled up this morning. Damn it...
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Old 10-24-2008, 04:15 PM   #13
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****! I knew I should have filled up this morning. Damn it...
Bloomberg.com: Energy Prices

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.
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Old 10-24-2008, 04:32 PM   #14
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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?
nice.

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.
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Old 10-24-2008, 04:58 PM   #15
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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...
You cannot be suprised...

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.

Last edited by kotomile; 10-24-2008 at 10:34 PM.
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Old 10-24-2008, 06:15 PM   #16
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The bad thing is they said they're going to meet again in December to maybe do it again. Greedy bastards.

I hope they have all their money in high risk **** and lose their ***. They need to be taken down a few pegs.
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Old 10-24-2008, 09:17 PM   #17
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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.
Indeed. Luckily they are or already have phased it out...

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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 **** 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.
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Old 10-25-2008, 12:17 AM   #18
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Cut away durkas, our economy is too busy shooting itself in the face for us to care.
quoted for truth
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Old 10-25-2008, 01:38 AM   #19
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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.

Last edited by 944obscene; 10-25-2008 at 02:18 PM.
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Old 10-25-2008, 02:13 AM   #20
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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.
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