F... gas prices

[cpayne5]

A 323 will run on regular unleaded.

[Be Tuat]

But what about the repair bills. BMW recommends 92+ octane

[cpayne5]

Originally Posted by Be Tuat

But what about the repair bills. BMW recommends 92+ octane

What repair bills??? They recommend a higher octane for performance purposes. If you run a lower octane, the ECU will compensate and retard the timing.

[FRPLG]

I read something interesting this morning on this. Don't remember where though. Anways, basically the point of the article was that oil companies actually make a small percentage of their profits on actual gas. They make all their money on the oil they pump out of the ground. And oil companies dont set prices. Traders on wall street do. When traders offer $68 for a barrel of oil are the oil companies supposed to say no? The cost of oil now is in response to a concern for future shortages. People pay more now to ensure they have it going foward. So when oil companies make 36 billion based on inflated prices it is not because supply is an issue now but that it may be in the future. When the future comes around all those people who paid $68 a barrell will be thankful they have oil. Long and short is that the real issue isn't much with oil companies but rather with our ability to import oil and refine it. Oil companies didn't just decide to start charging more. I wish it was that easy but it is short sighted and ineffective to blame big oil when they are only a fraction of the issue if at all.

[Schneed10]

Originally Posted by FRPLG

I read something interesting this morning on this. Don't remember where though. Anways, basically the point of the article was that oil companies actually make a small percentage of their profits on actual gas. They make all their money on the oil they pump out of the ground. And oil companies dont set prices. Traders on wall street do. When traders offer $68 for a barrel of oil are the oil companies supposed to say no? The cost of oil now is in response to a concern for future shortages. People pay more now to ensure they have it going foward. So when oil companies make 36 billion based on inflated prices it is not because supply is an issue now but that it may be in the future. When the future comes around all those people who paid $68 a barrell will be thankful they have oil. Long and short is that the real issue isn't much with oil companies but rather with our ability to import oil and refine it. Oil companies didn't just decide to start charging more. I wish it was that easy but it is short sighted and ineffective to blame big oil when they are only a fraction of the issue if at all.

Very well put.

[SmootSmack]

All this talk of price gouging, refineries, supply and demand, etc.

I've got the solution right here. Check out my fuel efficient convertible

[cpayne5]

Originally Posted by TAFKAS

All this talk of price gouging, refineries, supply and demand, etc.

I've got the solution right here. Check out my fuel efficient convertible

Nothing like having the wind blow through your streamers.

[That Guy]

i missed this thread... I said to buy short term oil futures a couple weeks before the hurricane hit. We don't have any sort of oil shortage, but a shortage of refinery capacity (in part due to masive consolidation). Gas prices might go down in 20 years when the refineries are all back to 100%. Meanwhile we'll have limited on shore refining and expensive off shore refining (extra shipping costs and less price control).

[Schneed10]

Very pertinent article to our discussions.

Who's to blame for high gas prices?

[TheMalcolmConnection]

You'd think there could be some kind of goverment money set aside to build refineries to be used by all American oil corporations.

[firstdown]

Originally Posted by TheMalcolmConnection

You'd think there could be some kind of goverment money set aside to build refineries to be used by all American oil corporations.

Its not that the corporations won't build the refineries its that they have not been allowed to build them. I don't think we need the goverment in the middle it would only drive prices higher. Try to name the last thing that the goverment did effeciently or more effeciently than the private sector.

[That Guy]

Originally Posted by firstdown

Its not that the corporations won't build the refineries its that they have not been allowed to build them. I don't think we need the goverment in the middle it would only drive prices higher. Try to name the last thing that the goverment did effeciently or more effeciently than the private sector.

power regulation. deregulation have private sector building power plants in places like montana and trying to send the power across the country. The limited transmission bandwidth meant that this "cheap power" was causing blackouts and RAISING prices.

You need regulation when the private sector can't manage itself.

[TheMalcolmConnection]

Sanctions on China and India!

Woo hah!

[TheMalcolmConnection]

Just used Google to find some images for chickenhead. Here is what I came up with:

[Warpath]

Chickenhead: Slang, n.(1)a female of low class and/or moral stature (2)a foul disreputable woman usually lacking goals and direction. Chickenhead has origins in the Northeast, United States but has gained national understanding.

courtesy of: http://www.playahata.com/pages/dicti...onaryatog.html