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Old 04-24-2008, 10:27 AM   #15
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If we would ALL "TAKE OUR FOOT OUT OF IT", we could reduce our fuel consumption by 10% or more. That would seem to me to make some impact on the fuel prices and it is something WE can control. We have a Honda Civic that I can get 40mpg+ consistantly on the highway. Last week I was telling the guy at the Honda dealer that and he said that's as good or better than their Hybrid. I have improved my 91 Pontiac W/V6 15/20%. I don't drive over 60 and 55 is better. Last May we went across state (Wa.) and got 46mpg. I figured it took about 30mins. longer. I heard on TV that it takes 20% more fuel to travel 70 than 55. Are we really in that much of a hurry.
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Old 04-24-2008, 10:29 AM   #16
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Heard in the news today that gas will be up to 2.25 per liter which is over 10 dollars per canadian gallon by 2012.

Do they have electric motorhomes in the works yet?

Steve
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Old 04-24-2008, 04:28 PM   #17
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We are currently on a trip of the Western US and I have noticed many new wells being drilled and it appears that most of the drilling rigs are new (or freshly painted). I am suspecting and hoping that Amercans are steping up to the plate and trying to find more local oil now that the price was right. I talked to a hay farmer in Nebraska last night and he stated that peole are coming to him and asking him if they can drill on his land at their expense and if they get oil or gas, his cut is 1/8 of the product for the rest of the life of the well. Seems like a great deal for no expense. He stated that this is going on in Wy, UT, ND, SD also. We also saw lots of new wells being drilled in parts of TX. I know the US has not built a new refinery in over 20 years, but from what I can see most of them in TX and LA could be vastly expanded to get more domestic oil.
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Old 04-24-2008, 05:00 PM   #18
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content"> Do they have electric motorhomes in the works yet?
</div></BLOCKQUOTE>

Sort of.

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Old 04-24-2008, 05:18 PM   #19
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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 Lindsay Richards:
We are currently on a trip of the Western US and I have noticed many new wells being drilled and it appears that most of the drilling rigs are new (or freshly painted). I am suspecting and hoping that Amercans are steping up to the plate and trying to find more local oil now that the price was right. </div></BLOCKQUOTE>
Rig counts generally increase with increasing crude oil and/or natural gas prices. See HERE. This follows basic economic theory - as prices rise, new supplies are sought.

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Old 04-25-2008, 03:06 AM   #20
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By the way, relative to my earlier post, ConocoPhillips reported 1Q08 results of $4.1B earnings against $54.9B revenue. That's a profit margin of 7.46% - down because refinery and other downstream earnings were squeezed by high feedstock (i.e., crude oil and natural gas) prices.

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Old 04-25-2008, 03:35 AM   #21
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Rusty, thanks for your level-headed approach to this subject. IMO, the numerous facts you have provided have been what has kept this particular thread so calm thus far. I'm not sure what your background is, but I suspect you are or were somehow involved in the energy industry (probably oil or petrochemicals).

It's easy to blame the oil companies for high fuel prices and get all emotional; but as your posts have pointed out, this is a very complicated topic. There is so much of our economy intertwined with global markets - not just for oil, but (as we see now with stores like Sam's Club limiting the quantity of rice their customers can buy) for food supplies and prices as well.
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Old 04-25-2008, 06:20 AM   #22
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Okay, this we know:

- US dollar value is in the tank;
- Oil company profits, while LOTS of dollars, is fairly low in the percentage of revenue range;
- We are (as a society) oil junkies!
- Oil supplies come from people who (largely) hate us but love taking our money;
- This recent "going green" movement appears to be marketing-speak, not much meaningful conservation (sounds vaguely familiar);
- Our government (both Red and Blue) has nothing to gain and LOTS to lose by dorking the economy by jacking with oil prices.

Wow - sure didn't see all this coming! Wish we had some prelude, like maybe back in the 1970's!
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Old 04-25-2008, 06:33 AM   #23
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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 CD:
If we would ALL "TAKE OUR FOOT OUT OF IT", we could reduce our fuel consumption by 10% or more. That would seem to me to make some impact on the fuel prices and it is something WE can control. </div></BLOCKQUOTE>

The days of the USA controlling world wide oil pricing by reducing consumption are just about over. We are no longer the only major player in oil consumption. China is quickly approaching our usage and will equal or surpass the USA in &lt;20 years, not to mention India's huge increase in oil imports.

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Old 04-25-2008, 05:04 PM   #24
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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 CD:
If we would ALL "TAKE OUR FOOT OUT OF IT", we could reduce our fuel consumption by 10% or more.
</div></BLOCKQUOTE>
I'm all for reducing ALL freeway speed limits to 50-55 mph and 4-5 digit speeding tickets for violations higher than 5-10 mph over.
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Old 04-25-2008, 05:13 PM   #25
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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 Joseph C. McKenzie:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by CD:
If we would ALL "TAKE OUR FOOT OUT OF IT", we could reduce our fuel consumption by 10% or more.
</div></BLOCKQUOTE>
I'm all for reducing ALL freeway speed limits to 50-55 mph and 4-5 digit speeding tickets for violations higher than 5-10 mph over. </div></BLOCKQUOTE>


I would agree - as soon as lower the price of gas to $1.50
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Old 04-25-2008, 06:40 PM   #26
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The oil prices have steadily increased for months now..
Who stands to gain the most from the increases?

Oil Companys
Oil supplyers
Producing Countrys
Speculators

And maybe these are all the same working together to drive oil prices up.

I would not put it pass all of the above to be one in the same except a small hand full of speculators playing the market.

That Hay farmer they offered 1/8 for the life of the well to let them drill on his farm can do much better.
My last lease was for 25% on a three years lease then they have to re-negotiate also payed $8000. per acer up front money at the signing of the lease.
I am hearing they are doing 28% on 3 years and up to $24000. per acre front money. This is in Texas all around Fort Worth and surrounding areas.
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Old 04-26-2008, 03:43 AM   #27
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[quote]I'm all for reducing ALL freeway speed limits to 50-55 mph and 4-5 digit speeding tickets for violations higher than 5-10 mph over

Im glad your not a politician. If you want to get that extreme it might be better to govern all vehicles so that they cant speed. Of course nobody will be able to pass anyone so we will only need one lane.
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Old 04-27-2008, 06:51 AM   #28
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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 Joseph C. McKenzie:
</div></BLOCKQUOTE>
I'm all for reducing ALL freeway speed limits to 50-55 mph and 4-5 digit speeding tickets for violations higher than 5-10 mph over.[/QUOTE]

Considering at 50 to 55 I get 6 mpg and at 59 to 61 I get 7 to 7 1/2 I think your idea totally sucks. And I am not the only one whos mileage works that way. I too am glad your not a politician.
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