You can drill as much as you want - gas will not become cheaper.

[MaDalton]

Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

[DamageX]

Cue Paul Markham...

[BIGTYMER]

You talking petroleum or natural gas?

[Zoxxa]

Especially with newer cars becoming much more efficient per gallon, they will want to keep profits high.

[MaDalton]

Originally Posted by BIGTYMER

You talking petroleum or natural gas?

petroleum

[MaDalton]

i read all the time how drilling on your (the US) own soil would bring down oil prices. and i still cannot figure out how that would happen.

unless you want to government to drill and bypass the international market - but the same people always want less government. so thats no option either

[PornoMonster]

You are right, and it is STUPID to pay for shipping oil in, when we ship it out....

[Scott McD]

Prices here still going up daily...

[_Richard_]

Originally Posted by Scott McD

Prices here still going up daily...

what is the prices?

[L-Pink]

I'm gonna buy a Prius.

.

[MaDalton]

Originally Posted by L-Pink

I'm gonna buy a Prius.

.

this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

[Sly]

Originally Posted by MaDalton

Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

What is market price?

[L-Pink]

Originally Posted by MaDalton

this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

Since you don't own a car right now shouldn't you be worried about miles per pair of Adidas?

.

[MaDalton]

Originally Posted by Sly

What is market price?

http://www.bloomberg.com/energy/

Originally Posted by L-Pink

Since you don't own a car right now shouldn't you be worried about miles per pair of Adidas?

.

i prefer chucks

[Sly]

Originally Posted by MaDalton

this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

Most people don't need a car either. :-)

Most of the world lives in an urban environment. We could have vast public transportation systems in every moderate sized city that would make it so nobody needs a car.

We have cars because we want cars. Need does not come into the picture.

Does the average person need a F150? Probably not, but they get it because they like it, they want it, and they can have it. Until it is no longer affordable, people will continue buying them.

Oil is out there to get. People want it. They can get it. They will go get it.

That's what we humans do, we are savage beasts!

[Sly]

Originally Posted by MaDalton

http://www.bloomberg.com/energy/

And what sets the market price?

By the way, price of oil does fluctuate up and down. If Shell, etc., had total control, why would they let that happen as it already does happen?

[Robbie]

Originally Posted by MaDalton

Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

Supply and demand. The market price will drop as supply gets larger. Just like everything else does.

[alias]

Stockpiled like diamonds.

[Robbie]

Originally Posted by MaDalton

this kind of sums it up:

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

I used to own a 1971 VW bug. I stripped off the govt. mandated catalytic converter and smog bullshit. Put a new weber carb on it and freeflow exhaust.

I was getting right at 40 mpg with that old car.

I had a 1973 MG Midget from 1996 to 2008. Stripped off the U.S. govt. smog shit on that too. Fitted it with a single oversized S.U. carb, installed electronic ignition on it, Put on a super charger and free flow exhaust.
Got 30 MPG on that.

[rock-reed]

We've already been conditioned for $3.00 ---- Now its around $3.70

It will never go back to $3 - ever.

Most of us would be so happy if it would even get to $3.25

Its just going to climb--- they have us by the balls for a long time and they know it.

[flashfire]

Originally Posted by MaDalton

this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

[PornMD]

I drive so little now that I just don't really give a shit.

[MaDalton]

Originally Posted by Robbie

Supply and demand. The market price will drop as supply gets larger. Just like everything else does.

the oil companies are not interested in dropping prices, they would just drill less. like they do now already.

[MaDalton]

Originally Posted by flashfire

you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

funny how the rest of the world can do it

[DamageX]

Originally Posted by MaDalton

funny how the rest of the world can do it

Goats are smaller than wives.

[Robbie]

Originally Posted by MaDalton

the oil companies are not interested in dropping prices, they would just drill less. like they do now already.

I agree they want to make all the profit they can. God knows if I could raise the price on our paysites I would.

But keep in mind that the oil companies are right now trying their best (and being blocked by the U.S. Govt) to drill MORE.
Also keep in mind that we need more oil refineries in the U.S. as well.

[BSleazy]

Originally Posted by MaDalton

funny how the rest of the world can do it

The rest of the world must not be hauling much.

[Relentless]

Raising fuel efficiency is the better fix.
If gas is $12 per gallon and you get 150 miles to the gallon,
you are much better off than if you get it back to $3 per gallon and 20mpg on most cars.

The planet would also be much better off.
We drill very well... We burn fuel like we are half retarded cavemen in drag racers.

Cheap fuel is bad in many ways. Inefficient use of fuel is the real problem.

[baddog]

Originally Posted by MaDalton

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

Some people appreciate comfort over MPG; and apparently supply and demand was never taught over there.

[Matt 26z]

Originally Posted by MaDalton

i read all the time how drilling on your (the US) own soil would bring down oil prices. and i still cannot figure out how that would happen.

It's because Republicans are too stupid to realize that all oil goes on the world market and that flooding the market with US drilled oil would just cause the middle easterners to cut their own supply, thus raising the price back up.

[MaDalton]

Originally Posted by baddog

Some people appreciate comfort over MPG; and apparently supply and demand was never taught over there.

[MaDalton]

Originally Posted by Robbie

I agree they want to make all the profit they can. God knows if I could raise the price on our paysites I would.

But keep in mind that the oil companies are right now trying their best (and being blocked by the U.S. Govt) to drill MORE.
Also keep in mind that we need more oil refineries in the U.S. as well.

Originally Posted by Matt 26z

It's because Republicans are too stupid to realize that all oil goes on the world market and that flooding the market with US drilled oil would just cause the middle easterners to cut their own supply, thus raising the price back up.

thats exactly the point...

the Saudi Arabians could drill twice as much if they wanted right now - they just enjoy their profits now while saving for even higher profits in the future

drilling on US soil will not change the price at the gas station by one cent

[DudeRick]

The day that the Keystone pipeline is approved, the futures market will drive the price of gas down. Could Iran and Israel get into a war and drive prices back up... sure. Should we not attempt lower our dependency on other countries while providing jobs and strengthening our economy? Only if we listen to all of you guys in other country's trying to tell us what America should do.

[MaDalton]

Originally Posted by DudeRick

The day that the Keystone pipeline is approved, the futures market will drive the price of gas down. Could Iran and Israel get into a war and drive prices back up... sure. Should we not attempt lower our dependency on other countries while providing jobs and strengthening our economy? Only if we listen to all of you guys in other country's trying to tell us what America should do.

nothing wrong with that - even though i think it would be truly american to be the first with new technologies instead of trying to go back in time by drilling for more oil to burn it in V8 engines.

what i am saying is: it will still not get cheaper - no matter where you get it from. because you dont make the price

[MaDalton]

Originally Posted by baddog

Some people appreciate comfort over MPG; and apparently supply and demand was never taught over there.

btw - after laughing for a while - when you come over to Europe do yourself a favor and rent a Mercedes S-Class, BMW 7 Series or Audi A8 - any of them with a 6 cylinder diesel with 300+ hp. they do get at least 35 to 40 mpg and you surely dont want to tell me they are not comfortable.

your other snarky reply i am just going to ignore

[baddog]

Not everyone can afford those vehicles. To buy or maintain. My daughter just dumped her A8, that thing was fucking expensive to maintain. You could easily make house payments with the money spent on a tune up.

[DudeRick]

Originally Posted by MaDalton

nothing wrong with that - even though i think it would be truly american to be the first with new technologies instead of trying to go back in time by drilling for more oil to burn it in V8 engines.

what i am saying is: it will still not get cheaper - no matter where you get it from. because you dont make the price

The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid.

[MaDalton]

Originally Posted by DudeRick

The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid.

what - no american cars?

this could go on for a while but i still dont think that you can blame Obama for the global oil price. because that one pipeline doesnt make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.

[baddog]

Originally Posted by MaDalton

what - no american cars?

this could go on for a while but i still dont think that you can blame Obama for the global oil price. because that one pipeline doesnt make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.

Woah, is that what this is about? Obama?

[Robbie]

Originally Posted by MaDalton

drilling on US soil will not change the price at the gas station by one cent

I would say...there is only one way to find out isn't there?

[DudeRick]

Originally Posted by MaDalton

what - no american cars?

this could go on for a while but i still don't think that you can blame Obama for the global oil price. because that one pipeline doesn't make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.

Honda is made in America. Yes, I agree that OPEC will cut production if the price of oil drops too much, but I disagree that it won't drop at all. Just like the futures market drives our price of gas up to $5 a gallon when things heat up between Iran and Israel and back down to $3 a gallon when they cool back off. The futures market will drive the price down the price on increased supply and production. And right now $3 a gallon gas sounds pretty good!

[MaDalton]

Originally Posted by DudeRick

Honda is made in America. Yes, I agree that OPEC will cut production if the price of oil drops too much, but I disagree that it won't drop at all. Just like the futures market drives our price of gas up to $5 a gallon when things heat up between Iran and Israel and back down to $3 a gallon when they cool back off. The futures market will drive the price down the price on increased supply and production. And right now $3 a gallon gas sounds pretty good!

considering we're at like $10 over here, $3 would be indeed great

i think though it needs to be more expensive to increase the pressure to develop more efficient technologies

and when you can afford to drive a gas guzzler - go for it. even at $10 a gallon companies like Porsche make record profits

[MaDalton]

Originally Posted by baddog

Woah, is that what this is about? Obama?

no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

[Socks]

Originally Posted by MaDalton

i read all the time how drilling on your (the US) own soil would bring down oil prices. and i still cannot figure out how that would happen.

unless you want to government to drill and bypass the international market - but the same people always want less government. so thats no option either

I think it saves the government money, and promotes local businesses rather than international ones. The people of course, get the shaft. It's always the common denominator.

[garce]

Originally Posted by MaDalton

Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

Market price in Venezuela? 8 cents per gallon as of March 2011. I doubt its gone up much since then. Maybe you mean market price in Iran ($1.44) or Saudi Arabia ($0.61)

Canada has the third largest crude petroleum reserves in the world, yet prices here are insane. Its fucking ridiculous that our Government continues to fuck their own citizens up the ass just so they can be first in line to suck foreign cock.

[baddog]

Originally Posted by MaDalton

no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

So this is about Obama vs Romney; same difference.

Originally Posted by garce

Market price in Venezuela? 8 cents per gallon as of March 2011. I doubt its gone up much since then. Maybe you mean market price in Iran ($1.44) or Saudi Arabia ($0.61)

[Sly]

Originally Posted by MaDalton

no, its about people who believe that "drill, baby, drill" is the solution and dont realize that it will not work. because the world sold out to oil companies already and even gives them 4 billion usd in tax breaks a year in the US alone.

It very well could work if there wasn't all of the government intervention that you mentioned you want in the last post.

[bhutocracy]

Originally Posted by DudeRick

The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid.

This is bullshit. Keystone won't do anything for the POO in America. Firstly the XL is to EXPORT THE OIL TO ASIA so right there, that's shot down. Secondly pretending all 500k bopd went into the American market it would only mean an extra 2.6% supply (pretending there wasn't a similar decrease in oil imported from other markets which there would be). Basically it's enough for a few pips for the futures traders for a week to sell the news. Oil production and drilling (although not leases) is up under the Obama administration (but not because of them), it's why there is a gas glut and all the shale producers are hunting condensate rich gas and shale oil. Unlike with oil, America doesn't have the infrastructure to export gas in any great quantity. Hence low prices as the supply can't be soaked up by the world market. As soon as producers build the infrastructure LNG will be exported as well bringing local gas prices back up. It's totally different with oil.
Seriously most of you guys have no idea of the timelines and scale involved in hydrocarbon exploration and the macroeconomics of oil. Neither Obama nor Romney is going to change the price at the pump more than 1% one way or the other with regulation, certainly not within the timeframe of a presidential term (unless they socialise it, which they won't).

[Best-In-BC]

Oil Vender and Crack Venders Do Business the Same :D

[Barry-xlovecam]

Originally Posted by flashfire

you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

I just picked up a used Dodge 2500 Truck with a 8 Liter V10 cheap

Standard Payload
5,151 lbs.
2,341 kg

Towing Capacity
8,600 lbs.
3,909 kg

But I won't be driving it to the grocery store :P