Diesel nears the $5.00 dollar mark and most likely a way of life

[Dogmeat]

Dogmeat, I understand your willingness to defend the so-called "evil oil companies" as they provide you with what is most likely a comfortable living. But you really must give your head a good shake...please don't take offence.

You stated that Exxon Mobil's FY2007 net profit was 9.2 percent....just so you know that works out to 40.6 BILLION DOLLARS, and thats after padding the wallets of the big wigs. Tillerson is making over $20 million a year and Raymond was making the same before he retired with, get this, a $400 million dollar retirement package.

Is this really necessary? Of course not. We are all being f****d over. You included Dogmeat. You would more than likely be paid close to the same wage whether oil is $120 or $80 dollars a barrel. You perform a job that most people cannot or do not what to do and that is worth a top wage.

Don't worry about the oil companies too much, they'll continue to do just fine without your defense. And besides, do you think they worry about you just the same?

Well ... $40 billion dollars doesn't seem like an absorbient amount to me when you consider how huge ExxonMobil is then take into account that the top 3 execs at Microsoft are worth nearly three times that just in themselves ...

Look at who the world's richest men are, I don't think the CEO's of Chevron, ExxonMobil, Connoco are even in the top 50 ....

I realize I sound like a freaking' cheerleader, but I really don't care ... people are gonna believe whatever the news prints, whether or not it's about "the environment" or about how "evil" oil companies are, regardless of who is really screwing who over ...

If you really wanna point the fingers at groups responsible for high oil prices, point your fingers at the enviro whackos who require the oil companies to spend billions upon billions of dollars for environmental politics ... IE, things that do nothing to benefit the "environment", it's just buying certain politicians votes because they can claim "they made the evil oil companies clean up their act" or whatever ...

I dunno, I guess when I look at how much horse **** major US operators have to put up with from the government, it's no wonder they all went overseas ... I guess maybe they don't "feel" like they owe anyone anything ...

I dunno ... like I said, the whole "blame the oil companies" thing really just rings hollow with me, that's been the rallying cry of left-wing election year politics for the last 40 freaking years.

 

[joegoo]

I just want some cheap friggin gas !

 

[Diesel99]

It blows me away that some guys think that US energy independance would lower the cost of oil. We are at peak oil pretty much right now and I guess most of you guys would sell it for real cheap if you owned the oil?

 

[Dogmeat]

It blows me away that some guys think that US energy independance would lower the cost of oil. We are at peak oil pretty much right now and I guess most of you guys would sell it for real cheap if you owned the oil?

I don't think "peak oil" really exists, I think it's an idea somebody thought up 20 or 30 years ago then the media got ahold of it and it was yet another catastrophe for them to sensationlize.

edit:

But apparently if it does, we're all witnessing the doom of America right now.

http://en.wikipedia.org/wiki/Peak_oil

Optimistic estimations of peak production forecast a peak will happen in the 2020s or 2030s and assume major investments in alternatives will occur before a crisis. These models show the price of oil at first escalating and then retreating as other types of fuel and energy sources are used.[3]

Pessimistic predictions of future oil production operate on the thesis that the peak has already occurred[4][5][6][7] or will occur shortly[8] and, as proactive mitigation may no longer be an option, predict a global depression, perhaps even initiating a chain reaction of the various feedback mechanisms in the global market which might stimulate a collapse of global industrial civilization. In early 2008 there are signs that a possible recession will be made worse by rising oil prices.[9]

 

[snopropanther]

sweet 5.40 a gallon here for diesel

 

[BIG JOHN]

It blows me away that some guys think that US energy independance would lower the cost of oil. We are at peak oil pretty much right now and I guess most of you guys would sell it for real cheap if you owned the oil?

WERE at peak oil now BECAUSE an oil REFINERY hasnt beem built since 1976 (envirmentals)....We cant drill anywere in the US becaus (envirmentals)...

As for pricing...look into how much the GOVERMENT taxes EX/MO per year...YOU think they make alot?? at least they F'n WORK for it...BJ

 

[Dogmeat]

I'm still reading that wikipedia article on peak oil ...

I guess it's really an issue that's so complicated with so many variables, it's really true to say "we will only know when production peaked in retrospect" ...

It's kinda scary to look at the trend from Saudi Arabia ... in 2000, oil was $20 a barrel .... in 2004, it was $50 a barrel ... Saudi Arabie was increasing supply to try to stabilize prices, then in 2006 they said they could no longer do so, indicating they were literally producing as much as they were able to produce.

Who knows, maybe I should have gone to work building wind turbines and hydrogen fuel cells instead of working in the oilfield

 

[BIG JOHN]

I don't think "peak oil" really exists, I think it's an idea somebody thought up 20 or 30 years ago then the media got ahold of it and it was yet another catastrophe for them to sensationlize.

edit:

But apparently if it does, we're all witnessing the doom of America right now.

http://en.wikipedia.org/wiki/Peak_oil

First off...theres MORE oil now (CUZ WE KEEP FINDING MORE) in any time line before..so how can there possibly be a "peak use" much less some BS 1956 bell shaped oil use curve (it was wrong then and is still wrong)...

Its ALL political BS and we cant DOO a damm thing about except bend over and grab our collective SHEEP ankles and take it up the tail pipe.....BJ

 

[Dogmeat]

First off...theres MORE oil now (CUZ WE KEEP FINDING MORE) in any time line before..so how can there possibly be a "peak use" much less some BS 1956 bell shaped oil use curve (it was wrong then and is still wrong)...

Its ALL political BS and we cant DOO a damm thing about except bend over and grab our collective SHEEP ankles and take it up the tail pipe.....BJ

Well, according to that article, the peak of discovery was 1980, and ever since then the demand has outpaced the discovery and hence supply ...

That article states that with current technology, roughly %40 of OIP (oil in place) can be recovered ... which to the best of my knowledge, it was only %10.

I'm going to do some more research into this whole peak oil thing ... Who knows, maybe I should have gone to work building wind turbines and fuel cells instead of working in the oil patch.

 

[xrated]

The ethanol from algae that is being tested right now uses several tanks built on land. That high of a number comes from the fact that you can make these tanks three dimensional; not just a two dimensional body of water. Compare this to a pack of 20 oz water bottles. Because sunlight is able to get to a much larger surface area of water, more algae is going to be able to grow.

I am 100% against ethanol that is produced from crops. As a rancher, the cost of everthing has gone up the past few years but the increasing price of corn has kept the cattle price from increasing enough to keep up with costs. All the ethonal companies are getting financial help from the government to make ethanol work - but they fail to realize how much its hurting the price of food in the US. On top of that, grain is one of the things we can export to other countries, but instead we are using this "great science" to turn 1 gallon of petroleum into 1.4gallons of ethonal.

Grain should be used for two things, to eat and to drink!

Agreed, I would be for ethanol if it came from say switch grass. Not sure if it's smart though. The big problem I see with corn fuel is that it is now big business with all the government money in it. Add that to the fact that corn farmers( I belive all ready subsidized) are loving E-85 and there is not one person who will be willing to publicly call a spade a spade. Can't piss off big business and the poor farmers.

I'm sure I'm gonna get flamed now, but that's how I see it.

 

[xrated]

Someday water will probably be the death of mankind[/QUOTE]

It all ready is. Been reading a book from the 80s called Cadillaz Desert. Interesting stuff. Let's just say that some day the wonder land of the southwest and SoCal is gonna be a memory.

 

[xrated]

First off...theres MORE oil now (CUZ WE KEEP FINDING MORE) in any time line before..so how can there possibly be a "peak use" much less some BS 1956 bell shaped oil use curve (it was wrong then and is still wrong)...

Any of you guys heard of a book called the Bottomless Well? Way over my head(been working on it for over a year and not even half way into it) but it has some interesting ideas from some smart fellas. The jist of what I get from it so far is that we will continue to use oil because we keep finding more ways to get it for cheaper and easier, just like with coal for electricity.

 

[joegoo]

In Venezuala gas is .17 cents per gallon right now, Kuwait .78/gallon, Saudi Arabia .91,
Yep we are really stupid, for taking this BS.
Everyone needs a new mansion with a pool in the middle east, and the stupid pricks in north america are gonna buy it for them.

 

[diamondlakediva]

In Oregon the cheapest diesel is 4.25 gallon right now. I drive a D-Max, husband drives a Dodge and his work utility truck for his crew is a Ford-all take diesel fuel. The gas station loves to see us pull up! So far it hasn't changed our going to the mts. to ride but I have noticed a change in how often I take trips to a bigger town to shop. I am going to have to suck it up and make the 80 mile one way Costco run this weekend. I've put it off long enough. Not sure what we can do to make it better??????

 

[Diesel99]

Well, according to that article, the peak of discovery was 1980, and ever since then the demand has outpaced the discovery and hence supply ...

That article states that with current technology, roughly %40 of OIP (oil in place) can be recovered ... which to the best of my knowledge, it was only %10.

I'm going to do some more research into this whole peak oil thing ... Who knows, maybe I should have gone to work building wind turbines and fuel cells instead of working in the oil patch.

Best resource for Oil info IMHO is the http://www.theoildrum.com/
articles and disscusion about Oil. Kinda like a Snowest for Oil.

 

[shmuckaluck]

vegetable oil.

Hey guys,
making my own fuel now, with DSE ( diesel secret energy) it works great and is about 90 cents a gallon for me to make. but the down side is trying to get the used oil, it is hard to get, everybody is allready giving it to somebody, and companys like Standard bio diesel are hard to compete with. you have to have a friend that owns a restaurant to get the stuff, and then you might have to pay 10 cents or more a gallon for it.

 

[astro]

I find it funny how people try to slam Gore still. It's the failed presidency of Bush/Cheney that has led us here. Wasn't oil 20 a barrel when they got into office? As far as I can see they haven't done anything to try and get the prices down other than Cheney going over to ask the Saudi princes to produce more. Why would you think Bush wouldn't want higher oil prices? He's an oil man, he's looking out for his own profits.

Don't try to blame the environmentilist either. You think they are outspending the oil lobby in Washington?

If you want to do something call your congressman for starter and tell them they need to do something about it. Notice how none of the candidates mention it? It's time to force our government to do something! Instead of writing a post here write your congressman! I did.

 

[Timber700RMK]

There is no politician that can do anything about the price of oil except raise it by cutting off all imports. The market dictates the price of oil. If the president said he wants to start drilling all new areas for oil & wants 10 new refineries, it would never pass the house so that would be useless. Yes we need to get off of imported oil, but how & at what cost.

 

[duke1n]

I find it funny how people try to slam Gore still. It's the failed presidency of Bush/Cheney that has led us here

Typical Bush derangement syndrome. People like you are idiots.

Dems(greenies) want less consumption, Repubs(big oil) want more profits. They are both getting what they want and have no incentive to change it.

 

[skidooer1]

http://www.quarterly-report.com/energy/gas_prices.html from year 2000.

if i could kill every democrat i would......