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Old 04-02-2007, 05:58 PM   #43
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content"> Regular went up to $2.69 yesterday. An 8 cent jump </div></BLOCKQUOTE> heck that ain't bad, we're paying US$3.66 gal here in Nova Scotia

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Old 04-02-2007, 08:56 PM   #44
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Here is a piece they had in Costco's magazine this April for oil burners running vegetable oil. www.plantdrive.com , us gas burners will have to go to corn liquor (if you can't drive it, you can drink it).
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Old 04-03-2007, 04:33 AM   #45
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Fuel prices will continue to rise. I see no perm decline coming. I am amazed they are not higher given the price in Europe etc. Also the dollar is weak compared to the rest of the world.
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Old 04-03-2007, 10:15 AM   #46
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Just a couple of thoughts on oil and gas prices.
The "Benchmark" price for light,sweet crude is based upon West Texas Light, Sweet Crude. Not to say that middle-east crude is bad, but most of it is not quite that good...just a lot easier and cheaper to get out of the ground.
As to the mention of a bunch of senior economics students "wetting their pants" reading all the posts in this column that might be so. But then you need to remember they have great textbook knowledge, but are still wet behind the ears when it comes to "real world" economics. I'll bet they don't have any good answers either!
Mix in greed, world politics, large corporation control of supply and demand, etc. and you end up with a gasoline market that does not fully respond to supply and demand in a "textbook,free market" manner.
Numerous small refineries that existed in the US 20 years ago are gone. Most were acquired by a larger company and shut down as unprofitable. Do that often enough and then merge even the larger refiners and you end up with a very well controlled gasoline supply situation, regardless of the availability and price of crude.
Remember all the talk over the past 10-15 years about crude from coal? Coal can be made into crude oil then gasoline. So can the shale deposits and tar-sands of Canada. While some oils from Canada currently comes from that source, you still see no big push by our government to mount a "Manhattan project" type approach to get coal from U.S. coal, the world's largest coal reserves.
So evidently there is no shortage of oil and no middle east crisis that is so threatening as to motivate the development of a known alternative to middle east, cartel controlled crude oil.
Perhaps this indicates our elected public servants think $3 a gallon gas is a good thing for us?...$3.50, do I hear $4? Going, going...
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Old 04-03-2007, 11:40 AM   #47
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by KTYSTR:
Remember all the talk over the past 10-15 years about crude from coal? Coal can be made into crude oil then gasoline. So can the shale deposits and tar-sands of Canada. While some oils from Canada currently comes from that source, you still see no big push by our government to mount a "Manhattan project" type approach to get coal from U.S. coal, the world's largest coal reserves.
So evidently there is no shortage of oil and no middle east crisis that is so threatening as to motivate the development of a known alternative to middle east, cartel controlled crude oil.
Perhaps this indicates our elected public servants think $3 a gallon gas is a good thing for us?...$3.50, do I hear $4? Going, going... </div></BLOCKQUOTE>
Quite frankly, the major oil companies do their planning based upon, and would prefer to see, long term crude oil prices in the $35-$40/bbl range. Why? One reason is that sustained $65-$70/bbl prices provide a price umbrella under which alternate technology (such as synthetic crude from tar sands or coal) can be developed, and this is taking place - see HERE. That's the way a free market economy works - if the price of a product is high enough, higher-cost alternate sources of the product become financially viable and will be developed.

So, it might be more correct to say that there's not an energy shortage as much as there's a cheap energy shortage.

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Old 04-03-2007, 01:55 PM   #48
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Hamguy. I believe it was after Catrina.

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Old 04-03-2007, 02:23 PM   #49
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Stevegeorgetown:
Hamguy. I believe it was after Catrina.

Steve </div></BLOCKQUOTE>I recall Katrina was in late August of 2005. Gas spiked for me in my RV in Sept of 2005 at about 2.96. That was in Idaho, Oregon, and Colorado.
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Old 04-04-2007, 03:08 PM   #50
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Hamguy. You have refreshed my memory. I thought prices spiked after purchasing our motorhome in 06 but it was actually after purchasing our truck in August of o5. I remember making the deal and then the next day the gas pump prices went through the roof! I thought of calling them back to ask if they could pull the V 8 out and put a liddle 4 banger in.
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Old 04-05-2007, 09:36 AM   #51
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You are all wrong. The only reason gas prices are going through the roof is because I bought a 37 foot motorhome that craves gas, AND cannot resist the desire to take it out every chance I get. The only thing that keeps me from spending all of my kids inheritance is that I have to work so I can satisfy this recently aquired habit. I AN AN RV JUNKIE !!!!!!
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Old 04-05-2007, 10:45 AM   #52
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Welcome to the club. Same problem here.
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Old 04-07-2007, 10:07 AM   #53
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I noted while watching FOX this morning that they commented on how the new congress has NOT lowered gas prices AS PROMISED. In fact gas has gone up $0.40 since January.
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Old 04-21-2007, 11:34 PM   #54
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Simplest approach to the prices you can take is to NOT travel during the summer. Save your traveling for the fall and winter months when the gas prices go down. I've shifted a good portion of my travel to that time of the year and have saved money on the fuel costs.
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Old 04-22-2007, 09:44 AM   #55
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">I AN AN RV JUNKIE !!!!!! </div></BLOCKQUOTE>


Me too! And, the high cost of fuel is causing me to scale back on purchasing accessories, etc. for my RV habit. If a lot of others are doing this too it will ultimately have an impact on other segments of the industry.
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Old 05-09-2007, 05:35 PM   #56
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We have also gone to traveling in spring and fall. Not only to try and get cheaper gas, but campground sites are easier to get.
Has anyone else noticed that even with outrageous gas prices, people don't seem to be carpooling. I don't understand that. Start noticing when driving in rush hour, how many cars only have one person in them. I think if carpooling came back into "style", the big oil companies would begin to notice!!
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