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<<out Of Control Gas Prices>>
(Click here to view the original thread with full colors/images)Posted by: MY-S281
HOLY SHITE!!!
I just paid $4.07 for Sunoco Ultra for the Saleen...
Our goverment is failing us so badly it's not funny..
I know I am not supposed to complain about the prices seeing I choose to drive a Mustang, but all I can say is WTF...
I just hope this insanity at least slows down sometime soon..
Posted by: jmac72187
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Originally Posted by MY-S281
HOLY SHITE!!!
I just paid $4.07 for Sunoco Ultra for the Saleen... Our goverment is failing us so badly it's not funny.. I know I am not supposed to complain about the prices seeing I choose to drive a Mustang, but all I can say is WTF... I just hope this insanity at least slows down sometime soon.. |
I paid $3.93 the other day and I thought that was a lot. Some places are really expensive. The gas station that I usually go to is about $.20/gallon cheaper than the gas station about 2 miles away from it.
Posted by: badass98svt
I'm with you 100%.
I saw somewhere that we have OVER 10 YEARS worth of oil forthe ENTIRE COUNTRY in the reserves.
Posted by: 1BADSNK
Ya, I hear ya man!!! Yesterday the cost in my area was $4.03. Today it jumped up to $4.11
CRAZY I was hoping to enjoy the nice weekend weather & put some miles on the car. Now I think I'll just wax it & sit back stare at it.
Heck......maybe even sit in it!!
Posted by: Mustang5L5
Luckily i can run 87 octane, so i'm just paying $3.79
It has nothing to do with the gov't or our reserves or what china is doing. gas prices are up because the US opened OTC trading that no longer has to be monitored. Exxon, OPEC and several others have testified in a court of law that if we looked at current supply vs demand, oil would be 55 to 60 dollars a barrel.
Posted by: LILBLKSNAKE
And if you happen to listen to talk radio, they are mysteriously reporting record profits in the industry. How did that old song go- "Things that make ya go hmmmm??"
Posted by: Mustang5L5
Well our oil consumtion is up 16% since 1987. Profits can only increase. I'm not trying to defend the oil industry because i think they are a bunch of corporate greedy pigs with a hand in the US gov't but you can have a low margin on a product and still have record profits if you sell more and more of it each year.
Posted by: Go Fast
Before you know it, we'll be paying $5.00 dollars a gallon or even more.
The way prices have been going up, it won't be long before it's $6.00 or more a gallon!! Hope I'm wrong!!!
Posted by: Xerxeese
and this is why I am making a 2 wheeled purchase...
Posted by: MY-S281
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Originally Posted by jmac72187
You can complain about the prices, just don't complain about your gas mileage.
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I generally drive it like it will be my last time so I usaully get about 13-15 mpg
which is what I get in my 4x4 so for the extra $4 a tank because of needing 93 oct. hands down I will drive the Stang when ever I can,.
Just blows that greedy Mo-Fo's make the rules that dictate the average Joe's abillity to enjoy the simple things in life..
Posted by: EastCoast5.0
Yea this blows!
Sunoco on 111 in Hampstead/Atkinson was 3.85 for 93 octane the other day. I always go there.
Posted by: TorchRedSVT
pretty sad that for two or three quarters in a row Exxon and other large oil companies are recording record high revenues in the tens of millions of dollars while 3/4 of the US population struggles to fill thier home heating tanks and thier cars.
It's disgusting and I try not to think about it to much as it makes me pretty angry. I did read in the paper that the US goverment is putting a law suit together to sue OPEC for holding back its oil production. Just as PJ mentioned, the reserves are plentifull.
The bubble will pop eventually, its just how big will it get in the mean time.
Posted by: Mustang5L5
I remember when i first started driving, gas was 0.99 cents a gallon.
$20 used to be a week of gas for me.
Today I spent $40 for 3.75 gal and it didn't even fill the tank. I'm already down to 3/4 tank after an afternoon of driving. (no work today )
Posted by: bullitt5177
I just put $50 worth of $3.85 a gallon gas in the Bullitt. Harsh fo sho yo.
Posted by: badass98svt
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Originally Posted by Mustang5L5
I remember when i first started driving, gas was 0.99 cents a gallon.
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Tell me about it. It was costing me $15 to fill my 16 gallon tank back in high school.
That was only 11 years ago. WTF
In another 11 years, will it be $7+ ?
Posted by: fredfordguy
Earlier this week, I filled up the freightliner I drive, had between 1/4 and 1/2 a tank, it took $875 clams. About a month ago we put locking caps on it protecting 300 gals...
Posted by: serviceman1
I think the future of this country is in major jepardy due to the fact of the high fuel charges. Gas is only one of the items that went up. Try going to the grocery store. $200.00 does not feed the family for a week anymore. The only thing that has not went up is the pay scales and with cost of doing busness these days I am not sure if payscales will ever match the increase of living.
Posted by: taronis
Well, Tell Your Meathead Senator To Tell The Gd Idiot Treehuggers To Fork Orf And Let Shell Et Al Set Up Additional Refineries And Drill Some More Wells..............until Then Shut Up And Pay.
Posted by: jmac72187
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Originally Posted by taronis
Well, Tell Your Meathead Senator To Tell The Gd Idiot Treehuggers To Fork Orf And Let Shell Et Al Set Up Additional Refineries And Drill Some More Wells..............until Then Shut Up And Pay.
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Posted by: Mustang5L5
Jeez. I'm not a huge fan of Ted K, but I still wish him the best of luck with his situation
Posted by: jmac72187
Ya dude... your a joke. Disagree with someone? Fine. Hope they die because of it? Nope.
Posted by: taronis
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Originally Posted by jmac72187
Ya dude... your a joke. Disagree with someone? Fine. Hope they die because of it? Nope.
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TELL THAT TO MARY JO.
Posted by: jmac72187
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Originally Posted by taronis
TELL THAT TO MARY JO.
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Posted by: taronis
Quote:
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Originally Posted by jmac72187
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BOY AM I GLAD THE SON OF A BITCH DROPPED OUT OF THE '80 PRESIDENTIAL RACE. CHAPPAQUIDDICK, CHAPPAQUIDDICK!
MAY HE DEPART THE SENATE TO CONTEMPLATE ETERNITY. MAY HIS HELL CONSIST OF FOREVER WATCHING RERUNS OF THE CLARENCE THOMAS HEARINGS, WHILE SUFFERING VESUVIUS-SIZED HEMORRHOIDS, SITTING ON A BALE OF BARBED WIRE, WITH AL BUNDY’S ENORMOUS MOTHER-IN-LAW BOUNCING GLEEFULLY ON HIS LAP. AND MAY HE HAVE VERY BAD COFFEE ON HIS BREAKS.
Posted by: LILBLKSNAKE
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Originally Posted by taronis
AND MAY HE HAVE VERY BAD COFFEE ON HIS BREAKS.
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Posted by: badass98svt
Quote:
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Originally Posted by taronis
BOY AM I GLAD THE SON OF A BITCH DROPPED OUT OF THE '80 PRESIDENTIAL RACE. CHAPPAQUIDDICK, CHAPPAQUIDDICK!
MAY HE DEPART THE SENATE TO CONTEMPLATE ETERNITY. MAY HIS HELL CONSIST OF FOREVER WATCHING RERUNS OF THE CLARENCE THOMAS HEARINGS, WHILE SUFFERING VESUVIUS-SIZED HEMORRHOIDS, SITTING ON A BALE OF BARBED WIRE, WITH AL BUNDY’S ENORMOUS MOTHER-IN-LAW BOUNCING GLEEFULLY ON HIS LAP. AND MAY HE HAVE VERY BAD COFFEE ON HIS BREAKS. |
What?
Posted by: gilmar4
AND MAY HE HAVE VERY BAD COFFEE ON HIS BREAKS.[/quote]
I think someone else is having too much coffee!!
Posted by: MCRPARTS
If your in retail like me it really sucks hard.Sales are like a frickin roller coster with the gas.Up down,up down
The gas is high because the oil companies won't produce any more,keeping it high. Our asshole president won't do anything to tap the reserves. Plus any type of frickin relief plan he vetos and throws in the trash.
Congress has done it to this country,we're taking all of our money and giving it to Iraq and Saudi Arabia,they dont care about us,time to say screw em an fend for ourselves! and make america what it used to be about...
Businesses and people with ideas creating jobs in the USA,just like this one
Posted by: langod
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Originally Posted by taronis
TELL THAT TO MARY JO.
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Ted, I know you're just having fun tweaking people, but please back off with the sigs. At least in this forum -- if you want to post contentious, trolling rants, the Lounge or Outhouse would be more appropriate.
Jim - Moderator
Posted by: fredfordguy
I picked up a bad bunch of gas I believe at the Exxon in Enfield. It was in my small truck a windsor powered 92 van. Ran like poo, no power until another tank. At 7mph it didn't take long. Put my first $100 into the truck....
Posted by: Rick Sample
I heard that if Saudi Arabia produced 1 million more barrels a day gas would go down aprox $.62. They also said that we produce stuff Saudi Arabia can't live without. They said that we need to either stop producing that stuff for them or make prices so high that they are unable to purchase. This will force them to produce more oil resulting in lower gas prices.
When we have major problems over here no one from another country comes to our aid. However, when China or another country gets hit we spend billions helping them out. Isn't that were all of our jobs are going and we're helping them out? That money needs to be spent on the problems we're facing in the US not for other countries.
Posted by: MCRPARTS
This kinda stuff is always good for an argument.
Posted by: Rick Sample
I watched a show about it last night and I just needed to get that out lol.
Posted by: Mustang5L5
But we can't be mean. We must all be politically correct and help everyone because we are bigger that that.
I still can't beleive we caved in to N. Korea and gave em all that aid. We should have just let em starve to death
Posted by: Rick Sample
I know we must not be mean, but these gas prices have got everyone going a little crazy lol.
Posted by: Mustang5L5
I just cut back on my boozin'
Extra money goes to gas...and I've been losing weight
Posted by: Xerxeese
I am STILL pondering moonshine as an alternative LOL (after a little research, I found 'shine can be made for about $1 per gallon. Just will take the initial cost of a still, and the time/labor to produce it.)
BTW e85 fuel, is basically 'shine with 10% gasoline mixed in...
Posted by: 95Cobraman1024
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Originally Posted by Mustang5L5
I remember when i first started driving, gas was 0.99 cents a gallon.
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Posted by: Xerxeese
check this out... might be worth looking into (if gas prices keep climbing)
I wouldnt use it on the stang, but the lil commuter car might be good.
at least in the summer time
http://www.runyourcarwithwater.com
Posted by: serviceman1
wow that is cool. I agree not for the stang, but for the work vehicle this sounds to good to be true.
Posted by: Xerxeese
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Originally Posted by serviceman1
wow that is cool. I agree not for the stang, but for the work vehicle this sounds to good to be true.
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Posted by: bullitt5177
A few guys on the Ford tech forums tried it and apparently have good feedback.
Posted by: PULNGZ
There is only one true cure here.
It's called "PUSH - BACK!"
Individuals can complain and talk about it to one another .....WITHOUT RESULTS.
-or-
People, IN MASS QUANTITY'S can ban together and make their VOICEs heard. There used to be a day when MASS GROUP'S would converge, march, STOP DOWNING SOMETHING (Related to the problem).....and SPIN the situation.
I say.........COLLECTIVELY........people reduce their gas useage for several days, NATION wide....and show willinginess to put pressure on the scene.
Or something, that adversely would STRONGLY send A MESSAGE!!!
If this can't be done and/or Won't be done.....then we AS INDIVIDUALS, are just HOSTAGES!!!!
It Takes a Nation to CHANGE a Nation!!!
Posted by: bullitt5177
Although it's a nice thought, I don't think not buying gas will do anything, because then comes the inevitable. We'd buy gas right after, we all rely on it.
Posted by: Mustang5L5
Woo...since Thurday i've spend $70 on gas
I still have 2 more days of vacation, tons of nice weather and a fully detailed Mustang.
Kiss another $50 goodbye
Posted by: Rick Sample
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Originally Posted by bullitt5177
Although it's a nice thought, I don't think not buying gas will do anything, because then comes the inevitable. We'd buy gas right after, we all rely on it.
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The only real way to reduce cost is to cut down on using it, not just cut down on buying it. The more we consume the higher the prices go. I've already cut down on using it. At the begining of the year I went out at least a coupe times a week to the store, a couple out to eat, etc. Now I pretty much don't go out at all lol.
Posted by: fredfordguy
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Originally Posted by Mustang5L5
But we can't be mean. We must all be politically correct and help everyone because we are bigger that that.
I still can't beleive we caved in to N. Korea and gave em all that aid. We should have just let em starve to death |
Posted by: Xerxeese
If we were to reduce gas consumption to alleiviate the supply/demand "problem" OPEC would merely reduce production again to bring it back and increase prices again. As a whole there is nothing the general public can do to bring the prices down. The only thing we can do is save our own money by going to better fuel efficient vehicles, traveling less or alternative fuel vehicles. The problems with alternative fuels is that any money saved would have been spent in the aquirement or such cars.
Travelling less would mean the person must do lots of recreational travel in the first place. There isnt much that can be done to Commute less except getting a new job, or relocating closer to work. This isnt an option for me, and I dont do that much recreational travel.
so better fuel efficiency it is :
Over the weekend, I spent $1000 purchasing a 1983 Honda Shadow 500.
I have had motorcycles in the past and have been wanting another. Gas prices have just made it more cost effective (the bike gets 65 mpg -More than double what my DD gets).
Using that as my commuter vehicle at least 3 times a week, it should pay for itself in savings by fall.
Now to look at a vanity plate for it... hmmm BOCEMS... (Big Oil Can Eat My Sh*t)
Posted by: badass98svt
$1000 for a 1983 Motorcycle?
Posted by: Xerxeese
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Originally Posted by badass98svt
$1000 for a 1983 Motorcycle?
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Bikes are in high demand right now,due to the gas prices. as the demand increases people will get even more money for them.
I didnt want a crotch rocket, I wanted a cruiser (whcih the shadow is) I wanted reliable (honda) and I have owned a shadow in the past so not too much to get used to.
Also, I am short so seat height is an important factor LOL
Posted by: PULNGZ
Quote:
| I think he just means cut down on using gas. |
Quote:
| If we were to reduce gas consumption to alleiviate the supply/demand "problem" OPEC would merely reduce production again to bring it back and increase prices again. |
Try this for a different way to present my thoughts:
On your next commute to work....TAKE A LOOK, and see how many individuals are in EACH car. I'm sure the majority will be ON (1) Individual. In a car that supports either two-4 people.
All I'm saying is for a while (as hard as it may be)......try to ride share, etc, for a period of time.....to demonstrate that......We can make change if we really try to.
Posted by: langod
Well, all I can say is I picked a great time to buy a Cobra. 14mpg FTMFW!
But, well, it really doesn't matter -- it's not my DD.
Posted by: LILBLKSNAKE
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Originally Posted by langod
Well, all I can say is I picked a great time to buy a Cobra. 14mpg FTMFW!
But, well, it really doesn't matter -- it's not my DD. |
Posted by: MCRPARTS
Quote:
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Originally Posted by Xerxeese
If we were to reduce gas consumption to alleiviate the supply/demand "problem" OPEC would merely reduce production again to bring it back and increase prices again. As a whole there is nothing the general public can do to bring the prices down. The only thing we can do is save our own money by going to better fuel efficient vehicles, traveling less or alternative fuel vehicles. The problems with alternative fuels is that any money saved would have been spent in the aquirement or such cars.
Travelling less would mean the person must do lots of recreational travel in the first place. There isnt much that can be done to Commute less except getting a new job, or relocating closer to work. This isnt an option for me, and I dont do that much recreational travel. so better fuel efficiency it is : Over the weekend, I spent $1000 purchasing a 1983 Honda Shadow 500. I have had motorcycles in the past and have been wanting another. Gas prices have just made it more cost effective (the bike gets 65 mpg -More than double what my DD gets). Using that as my commuter vehicle at least 3 times a week, it should pay for itself in savings by fall. Now to look at a vanity plate for it... hmmm BOCEMS... (Big Oil Can Eat My Sh*t) |
OK my buddie and I were talking about this today,and he brought up a good tactic.
Everyone needs gas and oil,Saudi Arabia is contributing to the high prices because they will not increase production to lower prices.
If the entire nation didn't get gas for a week,it still would not work,sooooo
what fuels the increase in cost ? supply and demand,the demand is high and the supply is low due to lack of production.SO what do you do ?
What if as a nation everyone stopped buying gas from the gas stations that get there gas from Saudi Arabia,only buy from the gas stations that get it from different sources,there's a list floating around out there.
If we did this as a nation the saudis would say HOLY SHIT, then lower prices to try to gain back the customers,this would also fuel a price war and probably start the down hill spiral of gas prices.
I think this is one hell of a plan that could actually work.
LETS ROCK
Posted by: Mustang5L5
So what stations use Saudi oil? What staions use Venezulan oil? etc?
Posted by: Xerxeese
Quote:
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Originally Posted by Mustang5L5
So what stations use Saudi oil? What staions use Venezulan oil? etc?
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Posted by: langod
Interesting idea -- but meanwhile you drive the majority of your local gas station owners out of business. (remember, most gas stations are independent, or at least franchised -- not owned directly by the oil companies.)
Then after they're all gone, the remaining stations RAISE their prices because of increased demand.
It's capitalism....
[One idea that WILL work -- nuke the middle east into a parking lot and put up gas pumps. But I don't think that idea will go over well with the rest of the world..... (especially the arabs.)]
Posted by: PULNGZ
Quote:
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What if as a nation everyone stopped buying gas from the gas stations that get there gas from Saudi Arabia,only buy from the gas stations that get it from different sources,there's a list floating around out there. If we did this as a nation the saudis would say HOLY SHIT, then lower prices to try to gain back the customers,this would also fuel a price war and probably start the down hill spiral of gas prices. I think this is one hell of a plan that could actually work. LETS ROCK
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Also, around here it looks as though the MAJORITY of people at the pumps are using HESS......due to there LOWEST PRICES!
I'm all for a movement.
Quote:
| But, well, it really doesn't matter -- it's not my DD. |
Posted by: taronis
Quote:
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Originally Posted by gilmar4
AND MAY HE HAVE VERY BAD COFFEE ON HIS BREAKS.
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I think someone else is having too much coffee!![/quote]
NEVER.............MORE COFFEE.................
Posted by: gilmar4
Quote:
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Originally Posted by Rick Sample
I heard that if Saudi Arabia produced 1 million more barrels a day gas would go down aprox $.62. They also said that we produce stuff Saudi Arabia can't live without. They said that we need to either stop producing that stuff for them or make prices so high that they are unable to purchase. This will force them to produce more oil resulting in lower gas prices.
When we have major problems over here no one from another country comes to our aid. However, when China or another country gets hit we spend billions helping them out. Isn't that were all of our jobs are going and we're helping them out? That money needs to be spent on the problems we're facing in the US not for other countries. |
Good way to start.... stop bying Toyota, Honda, and other imports. Japan does not import cars.... did anyone know that?
Posted by: TorchRedSVT
Quote:
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Originally Posted by gilmar4
Good way to start.... stop bying Toyota, Honda, and other imports. Japan does not import cars.... did anyone know that?
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If i want to buy an economical car, its my right to do so. I am not going to change my personal preferences. Honda, toyota and others have built a reputation......and the market shows it
Posted by: langod
Quote:
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Originally Posted by glimar4
Good way to start.... stop bying Toyota, Honda, and other imports. Japan does not import cars.... did anyone know that?
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It was only after people got sick and tired of paying good money for pieces of sh*t that the import car companies were able to take away the auto market from the Big Three. That was ENTIRELY the fault of the Detroit automakers. They were so arrogant and so blindly beleiving that the majority of peopel would "Buy American" that when they started losing sales it was too late. While I will always look at American cars first, if they don't offer the car I want, they lose. The competition keeps the car companies striving for excellence and that's good for everyone.
Posted by: Mustang5L5
Then there's the UAW.
Ditch the unions and more resources can be spent on R&D and QA and the product will improve.
Instead, that money needs to pay benefits to people who haven't worked in 20 years.
Toyota and Honda have plants in the US, pay good wages but don't need to resort to UAW workers....so they can devote more resources to quality
Posted by: fredfordguy
[quote=Xerxeese]If I remember right, Hess does not use saudi.. Which is where I get most of my gas.[/quote
I doubt it will effect much, but I will not put a penny's worth of Citgo gas in ANY of my vehicles, I hear the little fat Chavez is working with Joe Kennedy for his cheap heating oil. Hess is out of Jersey, I try to stay with them.
Posted by: ToplessPony94
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Originally Posted by fredfordguy
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And it's good to remember that there's a Hess station right across the street when we're leaving the Londonderry HD on Cruise Nights! Almost always the best prices in the area, too!
Posted by: Mustang5L5
Hess is usually the cheapest in my area too.
I try to go to Hess when i can...but i have a Mobil speedpass, and there's a mobil by my work...so i usually swipe and put $5 of gas in just to give me enough to make it from Billerica to Revere to get gas at my "cheap" station.
I'm a person of habit. I only fill up at one station...everything else is just to give me enough gas to get to that station
Posted by: MattCrow
Ya'll are probably going to laugh, but I had to fly out to Missouri in March and rented a Toyota Yaris (it was cheap). I drove over 450 miles on a 10 gallon tank of gas. I figured out that if gas hits $6/gallon I'll save money with that car and the payment.
Posted by: MY-S281
Quote:
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Originally Posted by MattCrow
Ya'll are probably going to laugh, but I had to fly out to Missouri in March and rented a Toyota Yaris (it was cheap). I drove over 450 miles on a 10 gallon tank of gas. I figured out that if gas hits $6/gallon I'll save money with that car and the payment.
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We are getting so bent over.
Anyone know where I can find a MOPED... lol...
Posted by: bullitt5177
Quote:
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Originally Posted by Mustang5L5
Hess is usually the cheapest in my area too.
I try to go to Hess when i can...but i have a Mobil speedpass, and there's a mobil by my work...so i usually swipe and put $5 of gas in just to give me enough to make it from Billerica to Revere to get gas at my "cheap" station. I'm a person of habit. I only fill up at one station...everything else is just to give me enough gas to get to that station |
Posted by: gilmar4
Quote:
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Originally Posted by langod
Jim, do you remember how crappy American cars were in the 70s? Back when 80,000 miles was considered ready for the scrap heap? While I agree overall with your sentiments, if imports "went away" in our country, the domestic automakers would go back to their old ways of making cars that were just barely good enough to sell.
It was only after people got sick and tired of paying good money for pieces of sh*t that the import car companies were able to take away the auto market from the Big Three. That was ENTIRELY the fault of the Detroit automakers. They were so arrogant and so blindly beleiving that the majority of peopel would "Buy American" that when they started losing sales it was too late. While I will always look at American cars first, if they don't offer the car I want, they lose. The competition keeps the car companies striving for excellence and that's good for everyone. |
So you are going to tell me you base your decision on car performance of the 70's? I don't think they built cars to last 80k miles. If you believe that, you heard it from the JAP dealers and you are gulible!
I am wondering if the Cobra was made it Japan, it might have been better, right?
I think I should learn to speak Japanese, I might understand what half of you are talking about...
Posted by: gilmar4
Quote:
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Originally Posted by TorchRedSVT
and letting gas prices dictate the type of purchases you make is half the problem, supply and demand 101.
If i want to buy an economical car, its my right to do so. I am not going to change my personal preferences. Honda, toyota and others have built a reputation......and the market shows it |
Posted by: badass98svt
Quote:
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Originally Posted by gilmar4
Jim,
So you are going to tell me you base your decision on car performance of the 70's? I don't think they built cars to last 80k miles. If you believe that, you heard it from the JAP dealers and you are gulible! I am wondering if the Cobra was made it Japan, it might have been better, right? I think I should learn to speak Japanese, I might understand what half of you are talking about... |
+1
Why support another country when they could care less about ours?
Posted by: bullitt5177
It'll always be American for me (most likely all Ford as well). Screw the Jap cars, don't believe everything you hear. They aren't all that reliable, and as a matter of fact, I can list off quite a few Fords that go for 300k+ (hell, I've personally driven quite a few). There's actually a thread in the Ford tech forums where they're talking about customers' high mileage cars, and there are a couple that are over 1 million miles on the original motors and transmissions. I've seen just as many Hondas and Toyotas with problems than I have from any other car company (excluding Ford, because I see approximately 90% Ford at my current shop, so that wouldn't be fair).
Posted by: TorchRedSVT
Quote:
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Originally Posted by gilmar4
Jim,
So you are going to tell me you base your decision on car performance of the 70's? I don't think they built cars to last 80k miles. If you believe that, you heard it from the JAP dealers and you are gulible! I am wondering if the Cobra was made it Japan, it might have been better, right? I think I should learn to speak Japanese, I might understand what half of you are talking about... |
this post makes me sad, i am sorry you feel that way buddy but everyone is entittled to an opinion and that's what makes this country great.
Posted by: LILBLKSNAKE
The way I see it- I was a technician at Midas for a while, most of my friends are technicians or auto body guys, so if the American cars suck, then we'll all still have work for the rest of our lives. Bring on the Suckiness!!!
Posted by: taronis
Blame Congress for High Oil Prices
By MACKUBIN THOMAS OWENS
May 29, 2008; Page A17
Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is "Big Oil" with its alleged ability to gouge consumers and achieve unconscionable, "windfall" profits. Congress is in a vile mood, and has dragged oil industry executives before its committees for show trials, issuing predictable threats of punishment, e.g. a "windfall profits tax."
But if there is a villain in all of this, it is Congress itself. That venerable body has made it impossible for U.S. producers of crude oil to tap significant domestic reserves of oil and gas, and it has foreclosed economically viable alternative sources of energy in favor of unfeasible alternatives such as wind and solar. In addition, Congress has slapped substantial taxes on gasoline. Indeed, as oil industry executives reiterated in their appearance before the Senate Judiciary Committee on May 21, 15% of the cost of gasoline at the pump goes for taxes, while only 4% represents oil company profits.
To understand the depth of congressional complicity in the high price of gasoline, one must understand that crude oil prices explain 97% of the variation in the pretax price of gasoline. That price, which has risen to record levels, is set by the intersection of supply and demand. On the one hand, world-wide demand has accelerated mainly due to the rapid growth of China and India .
On the other hand, supply has been curtailed by the cartel-like behavior of foreign national oil companies, which control nearly 80% of world petroleum reserves. Faced with little competition in the production of crude oil, the members of this cartel benefit from keeping the commodity in the ground, confident that increasing demand will make it more valuable in the future. Despite its pious denunciations of the behavior of U.S. investor-owned oil companies (IOCs), Congress by its actions over the years has ensured the economic viability of the national oil company cartel.
It has done so by preventing the exploitation by IOCs of reserves available in nonpark federal lands in the West, Alaska and under the waters off our coasts. These areas hold an estimated 635 trillion cubic feet of recoverable natural gas – enough to meet the needs of the 60 million American homes fueled by natural gas for over a century. They also hold an estimated 112 billion barrels of recoverable oil – enough to produce gasoline for 60 million cars and fuel oil for 25 million homes for 60 years.
This doesn't even include substantial oil shale resources economically recoverable at oil prices substantially lower than those prevailing today. In an exchange between Sen. Orin Hatch (R., Utah) and John Hofmeister, president of Shell Oil Company during the May 21 Senate Judiciary Committee hearing, the point was made that anywhere from 800 million to two trillion barrels of oil are available from oil shale in Colorado, Utah and Wyoming.
If Congress really cared about the economic well-being of American citizens, it would stop fulminating against IOCs and reverse current policies that discourage, indeed prohibit, the production of domestic oil and natural gas. Even the announcement that Congress was opening the way for domestic production would lead to downward pressure on oil prices.
There is an historical precedent for such a step: Ronald Reagan's deregulation of domestic crude oil prices at the beginning of his first term. At the time, thanks to the decision by the Organization of Petroleum Exporting Countries (OPEC) to curtail output, the price of oil was at a level that in real terms is only now being matched. Domestic price controls ensured that the OPEC cartel would face little or no competition in the production of oil.
Price controls were exacerbated by other wrongheaded policies stimulated by the two "energy crises" of the 1970s. One of the most egregious was the infamous "windfall profits" tax, designed to punish oil companies for alleged profiteering. But since it applied to even newly discovered oil, its main impact was to discourage the exploration and drilling that would have increased oil supplies.
Although the energy problems of the 1970s were traceable to government policies, Reagan's decision to deregulate oil prices was ridiculed by policy makers, especially those who had served in the previous administration. For instance, Frank Zarb, who had been Jimmy Carter's "energy czar," predicted that decontrolling the price of crude oil would lead to gasoline prices of $10 a gallon. Instead, the world price of oil plummeted, helping to fuel the extraordinary economic growth of the 1980s.
Reagan's deregulation of crude oil prices created incentives for domestic producers to invest in exploration and to increase production. The threat of increased output by non-OPEC producers destroyed the discipline among OPEC members necessary to restrict production to maintain high prices. Facing the likelihood that an increase in supply would lead to lower future prices, OPEC producers increased output in the hopes of maximizing profits before prices fell. The cascading effect caused oil prices to tumble.
As in the 1970s, U.S. energy policies have essentially restricted the exploitation of domestic sources of energy. Curtailed supplies have combined with rapid, world-wide energy demand to increase the price of oil and other sources of energy. This provides leverage to foreign producers and threatens U.S. energy security. Freeing up domestic energy resources will do today what President Reagan's decision to deregulate oil prices in 1981 did then: cause oil prices to fall, thereby enhancing U.S. energy security.
Mr. Owens is a professor at the Naval War College in Newport, R.I., and editor of Orbis, the journal of the Foreign Policy Research Institute in Philadelphia
Posted by: langod
Quote:
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Originally Posted by gilmar4
Jim,
So you are going to tell me you base your decision on car performance of the 70's? I don't think they built cars to last 80k miles. If you believe that, you heard it from the JAP dealers and you are gulible! I am wondering if the Cobra was made it Japan, it might have been better, right? I think I should learn to speak Japanese, I might understand what half of you are talking about... |
No, The Cobra or any Mustang built since about 1985 or so has had very good reliability. And most American cars have been reliable and long lived since at least the 90s.
I was talking about what caused the US car makers to lose their market share. It was when the japanese came in and made cars that were both cheaper, more reliable and longer lasting than the Americans that the domestics started losing market share. Cars I've owned from that sad era:
1973 Ford Torino -- died at about 85,000 miles
1980 Mustang died at 83,000
1972 Torino wagon (my parents), made it to about 95,000 with a lot of work
1983(?) AMC Spirit -- fell apart and died at 70,000.
That illustrates my point about the 70s being when the US Makers totally screwed themselves.
Cars I've owned since that time were much better cars. Know why the newer cars are better? Because the Japanese automakers came in and kicked our asses and taught us all what it is to have a reliable car that can hit 150K miles without a problem.
Current cars --
2003 Cobra -- US made and money went directly to US economy.
2001 Nissan Maxima -- I didn't buy it new, therefore the money I paid for it went to a LOCAL used car dealer.
2006 Subaru - yes I bought (leased) this one new. But in Feb of 2006, no US maker made a small-medium all wheel drive wagon. Didn't want an SUV. The lone Domestic AWD wagon was the Dodge Magnum. With AWD it was $30K+. The Subaru was 23K.
PS: You have a Ford Edge, right? Was made in Canada, dude.
Anyway -- I'll never convince you.
/rant off
We are:
Posted by: gilmar4
Quote:
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Originally Posted by TorchRedSVT
this post makes me sad, i am sorry you feel that way buddy but everyone is entittled to an opinion and that's what makes this country great. |
Posted by: MattCrow
Alright everyone, let's slow down before this get's any uglier.
Back to the topic at hand, gas prices suck.
Let's bitch about that, not who made/makes/drives/washes/caresses cars better than the other guy.
Sometimes the tone is hard to get across online so let's all shake our oil-covered hands and get back to the niceties.
Posted by: langod
Speaking of Gas prices...
Was fooling around with the Cobra just now. Took a co-worker with me to pick up some sandwiches at a place about 3 miles down the road.
Got heavy into the boost 3 or 4 times, bringing it from 20 or 30mph up through a couple of gears. (close to 100 each time probably -- didn't really look.)
When I got back to work I'd used 1/8 tank!
But boost is so much FUNNNNNNNNN!
Posted by: gilmar4
Quote:
|
Originally Posted by MattCrow
Alright everyone, let's slow down before this get's any uglier.
Back to the topic at hand, gas prices suck. Let's bitch about that, not who made/makes/drives/washes/caresses cars better than the other guy. Sometimes the tone is hard to get across online so let's all shake our oil-covered hands and get back to the niceties. |
" Especially from someone visiting our club forum.
Posted by: langod
Ok everyone.... Back on topic and no more flaming (I'm guilty too) or I will lock the thread.
Thank's for the slap back to reason, Matt.
Posted by: TorchRedSVT
I am not telling anyone what they should or should not post anywhere, if you think I am then please re-read my posts becuase in no place did I say that and I apologize if it came across that way. For clarification My smiley face was out of simple disagreement.
argueing over the internet is stupid. I am done
Posted by: badass98svt
Smile Everyone.
Posted by: taronis
We Need A "special" Room Here. A Place Where Bloody Smackdown Is Allowed And Encouraged. Some Place Where The Gloves Come Off And Teeth Fly Out Of The Mouths. I, For One, Would Haunt The Place.
Posted by: taronis
Quote:
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Originally Posted by langod
Speaking of Gas prices...
Was fooling around with the Cobra just now. Took a co-worker with me to pick up some sandwiches at a place about 3 miles down the road. Got heavy into the boost 3 or 4 times, bringing it from 20 or 30mph up through a couple of gears. (close to 100 each time probably -- didn't really look.) When I got back to work I'd used 1/8 tank! But boost is so much FUNNNNNNNNN! |
HEY JIM. ARE YOU BRAGGING OR COMPLAINING?
IF YA CAN'T STOMACH THE CONSUMPTION OF PREMIUM FUEL PERHAPS YOU SHOULD THINK OF GETTING A PRIUS.
WHEN YOU BOUGHT THAT TERMINATOR YOU JOINED AN EXCLUSIVE BROTHERHOOD. WE, THE BROTHERHOOD, ARE CHARGED WITH THE TASK OF KEEPING NEUTERED, TOYOTA-DRIVING, WIFE BEATEN WIMPY GIRLIEMEN IN A CONSTANT STATE OF SHITTY-PANTS COWERING, REGARDLESS OF THE COST OF FUEL. BUCK UP SOLDIER.
IF YA CAN'T STOMACH THE CONSUMPTION OF PREMIUM FUEL PERHAPS YOU SHOULD THINK OF GETTING A PRIUS.
WHEN YOU BOUGHT THAT TERMINATOR YOU JOINED AN EXCLUSIVE BROTHERHOOD. WE, THE BROTHERHOOD, ARE CHARGED WITH THE TASK OF KEEPING NEUTERED, TOYOTA-DRIVING, WIFE BEATEN WIMPY GIRLIEMEN IN A CONSTANT STATE OF SHITTY-PANTS COWERING, REGARDLESS OF THE COST OF FUEL. BUCK UP SOLDIER.
Posted by: taronis
Quote:
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Originally Posted by gilmar4
Agreed, Matt. But as a Board Member, I should not be told what I should post and what is a "
" Especially from someone visiting our club forum. |
WE NEED A SMACKDOWN ROOM.
Posted by: langod
Quote:
|
Originally Posted by taronis
HEY JIM. ARE YOU BRAGGING OR COMPLAINING? IF YA CAN'T STOMACH THE CONSUMPTION OF PREMIUM FUEL PERHAPS YOU SHOULD THINK OF GETTING A PRIUS. WHEN YOU BOUGHT THAT TERMINATOR YOU JOINED AN EXCLUSIVE BROTHERHOOD. WE, THE BROTHERHOOD, ARE CHARGED WITH THE TASK OF KEEPING NEUTERED, TOYOTA-DRIVING, WIFE BEATEN WIMPY GIRLIEMEN IN A CONSTANT STATE OF SHITTY-PANTS COWERING, REGARDLESS OF THE COST OF FUEL. BUCK UP SOLDIER. |
Last one I remember that was like this was my 73 Torino with a 351.
Quote:
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Originally Posted by taronis
WE NEED A SMACKDOWN ROOM.
|
Ted, don't you get enough smackdown on SVT Performance?! LOL!
Posted by: taronis
Quote:
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Originally Posted by langod
Not complaining at all. Just been a long time since I've had a car where I could see the fuel gauge move in proportion to the speedometer!
Last one I remember that was like this was my 73 Torino with a 351. We have one -- two actually, I guess. The Lounge and the Outhouse, depending on how "bad" you want to be. Ted, don't you get enough smackdown on SVT Performance?! LOL! |
HELL NO.
AND THE OUTHOUSE IS A PERV ROOM. 2 GIRLS AND A CUP INDEED. CRIPES.
Posted by: Xerxeese
Quote:
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Originally Posted by taronis
AND THE OUTHOUSE IS A PERV ROOM. . |
Posted by: taronis
Dennis The Dufus And His Mighty Silver Vette Vert Must Hang Out There For Crizzake. Giggidy.
Posted by: slowpony
This thread is getting interesting. My truck gets about 14 miles per gallon and my 'stang on a good day if I am very gentle with the go pedal it gets 12 miles per gallon, but I usually only get maybe 8. I LOVE MY GAS HOGS!~!!!
Posted by: badass98svt
^^^
Why is the stang so poor for mileage?
Mine gets 20.5 on the highway, and close to 20 in the city if I baby it and drive in 4th and 5th gear (which is pretty easy with the 4.30s)
Posted by: slowpony
Well its not an efi engine, its a carb, I could get better mileage if I changed the secondary timing, which I will probably do any way, atleast on the street. The best I have ever got from this engine is 18mpg, that is with the secondaries disabled and in over drive on the highway. The great old gas leak called a carb!
Posted by: LILBLKSNAKE
I just want you to know that I went for a nice leasurely drive to PJ's today and left my car running for 20 mins while we talked about why 96-98 COBRA's are the greatest thing ever.
Then I took the long way home and stopped at Barry's and left the car running for another 10 minutes.
Then I drove aimlessly around pondering this question- what could be better than a company car with these dreadful gas prices!!
Now everyone kiss and make up and go to Londonderry for the RAFFLE!!!
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