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Anyone capable of discussing gas without politics? Anyone?

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mstevmac;1179694; said:
I'm so sick of this gas shit. Fuck the animals let's start worrying about us humans. Start drilling here in the U.S.
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When the next war is fought over energy, it would be nice to have a strategic reserve in Alaska for the military. It would seem to me to be unwise to depelete our natural oil reserves to lower oil prices marginaly (A HUGE amount would have to be pumped out to lower prices much at all). I think pretending they are protecting wildlife is actualy a GOOD excuse for the goverment to not drill in Alaska and depelete our oil supply. Just something to consider.
 
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fourteenandoh;1179821; said:
Cook county has the highest gas tax of any place in the country
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Thank goodness, today, we don't have percentage based taxation (VAT) on gasoline (like Europe - or like what would be in place with a "Flat" tax) - instead we have a simple per gallon tax.
mstevmac;1179694; said:
I'm so sick of this gas shit. Fuck the animals let's start worrying about us humans. Start drilling here in the U.S.
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It simply isn't the case that there is any shortage of gasoline whatsoever. Right now supply likely exceeds demand.
(Telegraph.co.uk Business Section).

The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite.
The forces behind the meteoric price rise this spring are slowly receding. Nigeria has boosted output by 200,000 barrels a day (BPD) this month, making up most of the shortfall caused by rebel attacks on pipelines in April.
The Geneva consultancy PetroLogistics says Iraq has added 300,000 bpd to a total of 2.57m as security is beefed up in the northern Kirkuk region.
"There is a strong rebound in supply," said the group's president Conrad Gerber.
Saudi Arabia is adding 300,000 bpd to the market in response to a personal plea from President George Bush, and to placate angry Democrats on Capitol Hill - even though Riyadh insists that there are abundant supplies for sale.
Like the rest of Opec, the Saudis blame "speculators" for running amok, pushing paper contracts into the stratosphere.
The ever-diminishing reserves of oil in the earth's crust will doubtless drive crude prices to much higher levels over time - provided no new technology such as nuclear fusion abruptly changes the picture - but that will not stop cyclical ups and downs along the way.
The world's finely balanced market for crude has been creeping into surplus for several weeks. Opec's monthly report says that demand this quarter will average 85.75m bpd. Supply was 86.8m bpd in April. The fresh output from Nigeria, Iraq and Saudi Arabia may push it significantly further into surplus.
The signs are already surfacing in global inventories. Opec says that stocks held by the OECD club of rich countries are above their five-year average, with "comfortable" cover for 53 days' use. US stocks have edged up for the last four months, though they fell last week.
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And when things like the following happen - (Times UK) - you know that matters are really serious.

Saudi Arabia today called for a summit of oil producing countries and consumers to discuss how to prevent oil prices from soaring further, following last week's surge to a record high of $139 a barrel.
The country's Information and Culture Minister, Iyad Madani, said that the kingdom would work with OPEC to "guarantee the availability of oil supplies now and in the future".
In a statement following the weekly meeting of the Saudi Cabinet, Mr Madani said the current price of oil was unjustified and pledged action to prevent further "unwarranted and unnatural" price hikes
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This is a sign, to me, that the Saudis are seriously concerned that some market factors, beyond those under their control like supply and volume, are reaching the point of cooking the goose (read us the consumers of their product) that lay their golden eggs.

Such factors may include - the declining value of petro-dollars, speculation on paper contracts and the like.

Ironically as they are a substantial importer of refined gasoline Iran fails to see any need for such a meeting:

But Iran, a fellow OPEC member, said earlier that it did not see the need for a special summit before the organisation's next scheduled meeting in September. The record prices had nothing to do with a supply shortage, it added.
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Global warming and just those thieving rat bastards

I'm becoming Archie Bunker. My wife Edith was sound asleep as we drove north toward the Dells. The rain was coming down so hard that the wipers couldn't keep up, the family truckster sped ahead and the gas gauge moved just as quickly under my watchful eye as it likely does without my Bunker stare. The last tank of gas just purchased in Rockford Il seemed to flow like water, and I began thinking that each mile driven was like throwing change out the window. Kinda like those toll booths you see going through Chicago. Do they make an I-pass for gas guzzlers yet...? They could send out the road crews from Saudia Arabia to pick up all the loose change littering the highway. That'll teach em for fuckin with the American people, if they want it bad enough they can come and get it.

When did the gas gauge watching become such a terrible sport? I mean, no matter how many times I hit the reset on the mpg computer, the damn thing would eventually average around 20 every time. At first it was fun to see it around 27 (a temporary feeling of elation) and then it would go to 14 and then back up again like it knew not to mess with Archie. Between winks, Edith wonders why I kept hitting that reset button. All I could say was, "the oil rich rat bastards are collecting 25 cents from us every mile going 70 mph all the time. It would sure be nice to slow down the flow of money with this thing." Short of stopping our vacation travel on I-90 and pitching a tent, I decided to keep going. The Dells being our final destination.

We arrived in a torrential downpour. The road to the hotel is closed due to flooding, and the guests that stayed over the weekend had to worry about a tornado and spent 6 hours in the basement. The weekend Corvette show at Chula Vista was all but cancelled and we were just checking in! The cost of arrival seemed wasted so we unloaded the car in the rain wondering what the week would hold. More rain and this...

Homes Washed Into Lake Delton

Even Archie couldn't find the words to express what happened. This will be a vacation the Bunkers will remember for a long time (or at least until Meathead gets a job). Hey there's always the ride home to look forward to. I'd better take a pocket full of quarters to pitch. Seems insignificant to those poor people who lost their homes.
 
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sandgk;1180397; said:
Thank goodness, today, we don't have percentage based taxation (VAT) on gasoline (like Europe - or like what would be in place with a "Flat" tax) - instead we have a simple per gallon tax.

It simply isn't the case that there is any shortage of gasoline whatsoever. Right now supply likely exceeds demand.
(Telegraph.co.uk Business Section).



And when things like the following happen - (Times UK) - you know that matters are really serious.



This is a sign, to me, that the Saudis are seriously concerned that some market factors, beyond those under their control like supply and volume, are reaching the point of cooking the goose (read us the consumers of their product) that lay their golden eggs.

Such factors may include - the declining value of petro-dollars, speculation on paper contracts and the like.

Ironically as they are a substantial importer of refined gasoline Iran fails to see any need for such a meeting:
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The fact that the saudis have every reason in the world to keep the rise of oil prices under control (so their junkies stay hooked if you will) and haven't should be blatantly clear to everyone that they don't have the supply some seem to think they do. If they had the oil they would be flooding the market with it at 136 bucks per barrel but they aren't.
 
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