Just Paid $4/g for Petrol Today

[Geor!]

The fact that current gas prices rise on oil futures is just mind boggling. It's a fucking racket. Think about it. 15 years ago, not even, gas was about $1 a gallon. It's now approaching $4. There's no demand to it; there's enough oil in this world to meet current demand and then some. 300% inflation of a price of anything in a ten year period is just fucking mind-blowing.

And here comes Jody.....

[Sean88gt]

How do fuel companies "jack rates" exactly? I'm just curious to here this explanation.

I suppose they won't directly, but through increased turmoil, stock play, and so forth, prices rise. Somewhere, someone has dis-proven rules of supply and demand when it comes to oil and fuel.

[CJ]

The companies can jack rates accordingly and continue to blame Obama. Fuel hits $6-7/gal and he'll be drug out of the White House.

How do fuel companies "jack rates" exactly? I'm just curious to here this explanation.

[Cooter]

$4/gram is expensive!

[stevo]

Someone said that it was 1.72 when Obama took office but the national average in July of 2008 while bush was in office f gas was over 4.00 a gallon so gas prices mean nothing to me as a political view. As far as I'm concerned it's all the same bs just a different hole that's dropping it on us.

The difference is that 0bama has said, multiple times, that he wants our energy prices to skyrocket. He is doing things to cause it to skyrocket. End of discussion.

Stevo

[Armedtrigger01]

Someone said that it was 1.72 when Obama took office but the national average in July of 2008 while bush was in office f gas was over 4.00 a gallon so gas prices mean nothing to me as a political view. As far as I'm concerned it's all the same bs just a different hole that's dropping it on us.

[Sean88gt]

That was true in 2008. Currently they are at a $60-75 per barrel unit cost benefit. Hence the reason for the Keystone pipeline, and the Bakken field's projections of $1.99-2.50 a gallon fuel that you hear Newt talking about. They believe if production is ramped up they can get it to $50 a barrel profitability. This is the whole reason a lot of people are pissed off at the Obama administration. The technology is here to due this, they just have no where to send the shit. China is begging for exclusivity..and if Obama is reelected, they'll get it.

The companies can jack rates accordingly and continue to blame Obama. Fuel hits $6-7/gal and he'll be drug out of the White House.

[slow99]

and saw $4.89 here for 91

[CJ]

The only problem with extracting oil from oil rich sand is the cost to do so is not profitable unless oil is over $100 a barrel.

I agree with all your other points.

I say drill, drill, drill and drill. I have been to oil rich countries. UAE was a fucking barren desert until we (THE USOFMOTHERFUCKINGA) discovered oil there and made them filthy fucking rich. In 50 years they have gone from living in a tent in the desert to building the most expensive hotels in the world. From riding a camel to driving Ferrari's. We did that for them so they could charge us $100 a barrel.

Fuck them, pull all our companies back to the US, drill here, leave them to fend for themselves and stop buying their oil unless they sell it to us for LESS than we can extract, refine and package to the good ole American's.

AMERICA!!

That was true in 2008. Currently they are at a $60-75 per barrel unit cost benefit. Hence the reason for the Keystone pipeline, and the Bakken field's projections of $1.99-2.50 a gallon fuel that you hear Newt talking about. They believe if production is ramped up they can get it to $50 a barrel profitability. This is the whole reason a lot of people are pissed off at the Obama administration. The technology is here to due this, they just have no where to send the shit. China is begging for exclusivity..and if Obama is reelected, they'll get it.

[mikec]

Lol. Almost held up my hand...

[slow99]

Quick trivia/party question you guys can steal:

From which country does the United States import the most oil?







Canada and yes I'm that big of a dork

[KBScobravert]

The only problem with extracting oil from oil rich sand is the cost to do so is not profitable unless oil is over $100 a barrel.

I agree with all your other points.

I say drill, drill, drill and drill. I have been to oil rich countries. UAE was a fucking barren desert until we (THE USOFMOTHERFUCKINGA) discovered oil there and made them filthy fucking rich. In 50 years they have gone from living in a tent in the desert to building the most expensive hotels in the world. From riding a camel to driving Ferrari's. We did that for them so they could charge us $100 a barrel.

Fuck them, pull all our companies back to the US, drill here, leave them to fend for themselves and stop buying their oil unless they sell it to us for LESS than we can extract, refine and package to the good ole American's.

AMERICA!!

[HarrisonTX]

Diesel is $3.99 and I'm bone dry. Fuck I need a motorcycle

[mikec]

Let me ask you a question. A very simple one. Why would they export oil and not sell it domestically?

Lol. Has not a thing to do with the last word in his quoted statement...

[CJ]

Its BS, the US is EXPORTING oil. If there was a demand issue, this wouldnt be te case. Corporate greed

Let me ask you a question. A very simple one. Why would they export oil and not sell it domestically?