Gas Prices Rise - Page 3

*Arrianna* · Apr 26, 2008, 10:52 AM

Quote:

Originally Posted by LenMiyata

Grumble Grumble Grumble

As was reported in the Financial Times, its not as if Saudi Arabia won't increase oil production, it turns out that they can't increase oil production. Saudi Arabia has long claimed they max capacity was 15 million barrels of oil a month, while producing 12 million barrels, (and keeping the statistics on their discovered reserves a state secret), but last month they announced that 12 million is their current max capacity. Saudi Arabia is already using secondary oil recovery techniques (such as pumping in massive amounts of water) on their main oil fields, and the new fields will take another five years of drilling and infrastructure work to come on line...

Mexico is also in a similar position, with their net oil production having been in decline for years. Mexico state laws do not allow foreign investment in the state monopoly oil company Penmex. As a result, they neither have the technology, or the funding for advance drilling and oil recovery technology. Attempts to change the investment ban is currently causing extreme turmoil among elected Mexican officials...

And Canada, their oil production ability is also limited. For the past two years, oil production from the very expensive (in both ecologically, monetary, water and natural gas resources) tar sands has exceeded conventional oil production.

Russia (the worlds 2nd largest oil exporter) has also announced this month that their oil production rate of the previous two years will most likely never be matched again forever...

Thank you Len.

Quote:

Originally Posted by LenMiyata

So the question that has been roiling world oil markets is, Are we at, or past World Peak Oil production???

I would say unless we add new oil fields to the market the answer is yes.

Eria · Apr 26, 2008, 01:07 PM

What I find is absolutely disgusting is the fact that the oil companies are getting fat and happy and could care less about their fellow humans. Quoting Frank Lautenberg,

Oil companies ``are hauling in record profits,'' the senator said. ``We are paying record prices. And their profits are coming out of our pockets.''

Is this the presidents fault, no not directly but he is the head of our government and should be held responsible for not keeping overly greedy corporations in check, he is letting the oil companies exploit people because the companies know that gas is a necessity.

Also there should be more effort made by the government to research alternatives but the government seems to put in minimal effort and allows the American people suffer along with our economy.

When there was an oil crisis 30 or so years ago, the different gas stations would compete for business like offering free full service, oil changes and other incentives what happened to customers treated like customer instead of dirt?

With all that being said I do not believe ripping apart Alaska or any other part of America shouldn't be the focus now. I grew up in New Mexico and it really is horrible to see the whole country side tore up with giant pumps on them. We have hit our oil limit and need to find another means of fuel before economies crumble.

gamemaster331 · Apr 29, 2008, 01:56 AM

Actually, we do drill in Alaska, the Alaskan pipeline. However most of that gas is either stored for later use or gets exported just like most of the gas in Texas. And yes Bush did do something in that he let it happen without telling the oil companies to quit gouging. When the gas companies talk about an increase in revenue it's usually something like 300% over last year, which was 300% over the year before, etc. The companies aren't actually telling you how much they are actually putting out or anything, they're just telling you how much of a profit margin they had.

aceman67 · Apr 29, 2008, 12:17 PM

You american's don't really get how good you actually have it.

Canadians are currently paying about $1.20 a litre (At least where I live, which is alberta, which is a very oil rich province).

Last time I did my math, 1 litre is 0.26 gallons. So thats roughly 4 litres to a gallon. (1 litre to gallon - Google Search)

The average gas price in the states is about $3.40 a gallon. (USA National Gas Temperature Map)

Since the Canadian Dollar is almost at par with the US dollar, lets just forget about converting the two for right now.

$1.20 x 4 = $4.80.

We pay almost a full dollar more then you do for our gas, and thats the lowest price in the country. Other countries like Britan pay even more.

So quit your whining.

Oh, and another thing.

Canada supplies over half of your oil reserves.

basilisk888 · Apr 29, 2008, 02:08 PM

Quote:

Originally Posted by aceman67

You american's don't really get how good you actually have it.

Canadians are currently paying about $1.20 a litre (At least where I live, which is alberta, which is a very oil rich province).

Last time I did my math, 1 litre is 0.26 gallons. So thats roughly 4 litres to a gallon. (1 litre to gallon - Google Search)

The average gas price in the states is about $3.40 a gallon. (USA National Gas Temperature Map)

Since the Canadian Dollar is almost at par with the US dollar, lets just forget about converting the two for right now.

$1.20 x 4 = $4.80.

We pay almost a full dollar more then you do for our gas, and thats the lowest price in the country. Other countries like Britan pay even more.

So quit your whining.

Oh, and another thing.

Canada supplies over half of your oil reserves.

whoot ^.^ go canida!!! Its non-war and pays alot of its oil whoot! Canida rocks! ^.^
yaa... well the riseing prices is a problem and will only continue to be a problem. (not only in the U.S.)

Eria · Apr 29, 2008, 03:50 PM

I went to Nova Scotia about two weeks ago and I do agree with aceman67, there it was 1.30 p/l that is dangerously close to 5.00 p/g. One of my really good friends live in Halifax and he tells me the prices of all the stuff he buys and it is amazing how much he pays for stuff when the Canadian dollar is strong. When he comes and visits us he stocks up on lots of stuff. Anyway back to the topic, I was so shocked when I filled up with gas in Canada and it just brings me back to my point that the oil companies need to be kept in check.

**LenMiyata** · Apr 29, 2008, 04:21 PM

Grumble Grumble Grumble

Quote:

Originally Posted by aceman67

We pay almost a full dollar more then you do for our gas, and thats the lowest price in the country. Other countries like Britan pay even more.

So quit your whining....

Though do keep in mind that the difference between US and Canadian gasoline prices is due to the different government tax structures, and not market pressure. US citizens make up the difference in the form of State and Federal Income taxes, Capital Gains tax on the sales of stocks, bonds, and real estate, and sales taxes. (Though I do admit the US sales taxes and Capital Gains are no where near as bad as that dreaded 'value added' tax that Canada/Europe has in place...)

*Legend* · Apr 29, 2008, 04:24 PM

Quote:

Originally Posted by aceman67

Canada supplies over half of your oil reserves.

It is settled, we shall invade Canada too!!

Seriously though, our prices are not that far off. You say you are paying a dollar more than us, but that is not necessarily true for people living in the urban areas in America. Heck, nowadays people will flock to a station that only charges $3.80 a gallon. The point is, it's not about we have it worse because in essence we are all losers. The faster we find another abundant source of energy the better, because currently most of the alternatives that people talk about can help the environment but it'll kill our wallets.

basilisk888 · Apr 29, 2008, 04:33 PM

Quote:

Originally Posted by Legend

It is settled, we shall invade Canada too!!

Seriously though, our prices are not that far off. You say you are paying a dollar more than us, but that is not necessarily true for people living in the urban areas in America. Heck, nowadays people will flock to a station that only charges $3.80 a gallon. The point is, it's not about we have it worse because in essence we are all losers. The faster we find another abundant source of energy the better, because currently most of the alternatives that people talk about can help the environment but it'll kill our wallets.

funny thing is my teacher is always saying that >.< "lets invade Canada!"
no but it is as other said a problem also with taxes vareation. So you have to take into acount all of those thing before you say more about all the prices diffrence. (not really but just to make it a little fair ^^) well thats what I say =P

**LenMiyata** · May 06, 2008, 11:07 AM

Grumble Grumble Grumble

Now if you think the price of Gasoline is high now... you better start wishing, praying, making sacrificial offerings, etc. that this Bloomberg forcast doesn't come true...

Bloomberg.com: Worldwide: Goldman's Murti Says Oil `Likely' to Reach $150-$200 (Update5)

*Ochi Gate* · May 06, 2008, 11:19 AM

see, americans (keep in mind, im an american too) need to realise that we have been having chap gas way longer than everyone else. but we are too in love with our stupid giant SUVs and trucks to do anything but whine!

the problem lies not in making gas cheaper, but in making more affordable cars with high milage.

Apr 26, 2008, 01:07 PM	#24 (permalink)
Eria Diamond in the Rough Join Date: Mar 2008 Location: Maine Posts: 166 Thanks: 13 Thanked 6 Times in 6 Posts Credits: 5,803	Re: Gas Prices Rise What I find is absolutely disgusting is the fact that the oil companies are getting fat and happy and could care less about their fellow humans. Quoting Frank Lautenberg, Oil companies ``are hauling in record profits,'' the senator said. ``We are paying record prices. And their profits are coming out of our pockets.'' Is this the presidents fault, no not directly but he is the head of our government and should be held responsible for not keeping overly greedy corporations in check, he is letting the oil companies exploit people because the companies know that gas is a necessity. Also there should be more effort made by the government to research alternatives but the government seems to put in minimal effort and allows the American people suffer along with our economy. When there was an oil crisis 30 or so years ago, the different gas stations would compete for business like offering free full service, oil changes and other incentives what happened to customers treated like customer instead of dirt? With all that being said I do not believe ripping apart Alaska or any other part of America shouldn't be the focus now. I grew up in New Mexico and it really is horrible to see the whole country side tore up with giant pumps on them. We have hit our oil limit and need to find another means of fuel before economies crumble. __________________ I'm just me.
Status: Offline

Apr 29, 2008, 01:56 AM	#25 (permalink)
gamemaster331 Devoted Otaku Join Date: Mar 2008 Location: Ashtabula, Ohio, USA Posts: 655 Thanks: 32 Thanked 16 Times in 15 Posts Credits: 23,535	Re: Gas Prices Rise Actually, we do drill in Alaska, the Alaskan pipeline. However most of that gas is either stored for later use or gets exported just like most of the gas in Texas. And yes Bush did do something in that he let it happen without telling the oil companies to quit gouging. When the gas companies talk about an increase in revenue it's usually something like 300% over last year, which was 300% over the year before, etc. The companies aren't actually telling you how much they are actually putting out or anything, they're just telling you how much of a profit margin they had.
Status: Offline

Apr 29, 2008, 12:17 PM	#26 (permalink)
aceman67 Apathetic Bastard Join Date: Nov 2004 Location: Coalhurst Alberta, Canada Posts: 1,904 Thanks: 6 Thanked 55 Times in 45 Posts Credits: 37,162	Re: Gas Prices Rise You american's don't really get how good you actually have it. Canadians are currently paying about $1.20 a litre (At least where I live, which is alberta, which is a very oil rich province). Last time I did my math, 1 litre is 0.26 gallons. So thats roughly 4 litres to a gallon. (1 litre to gallon - Google Search) The average gas price in the states is about $3.40 a gallon. (USA National Gas Temperature Map) Since the Canadian Dollar is almost at par with the US dollar, lets just forget about converting the two for right now. $1.20 x 4 = $4.80. We pay almost a full dollar more then you do for our gas, and thats the lowest price in the country. Other countries like Britan pay even more. So quit your whining. Oh, and another thing. Canada supplies over half of your oil reserves. __________________ Please, in the name of all that is holy and good, Raptor Jesus, Read the RULES. I think; therefore you are : Xfire : Art Portfolio : DevART : AnimePaper : SheezyART : Outpost10F :
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Apr 29, 2008, 03:50 PM	#28 (permalink)
Eria Diamond in the Rough Join Date: Mar 2008 Location: Maine Posts: 166 Thanks: 13 Thanked 6 Times in 6 Posts Credits: 5,803	Re: Gas Prices Rise I went to Nova Scotia about two weeks ago and I do agree with aceman67, there it was 1.30 p/l that is dangerously close to 5.00 p/g. One of my really good friends live in Halifax and he tells me the prices of all the stuff he buys and it is amazing how much he pays for stuff when the Canadian dollar is strong. When he comes and visits us he stocks up on lots of stuff. Anyway back to the topic, I was so shocked when I filled up with gas in Canada and it just brings me back to my point that the oil companies need to be kept in check. __________________ I'm just me.
Status: Offline

May 06, 2008, 11:07 AM	#32 (permalink)
LenMiyata Grouchy Old Anime Otaku Join Date: Jan 2005 Location: Silicon Valley, California Posts: 4,529 Thanks: 0 Thanked 62 Times in 57 Posts Credits: 46,369	Re: Gas Prices Rise Grumble Grumble Grumble Now if you think the price of Gasoline is high now... you better start wishing, praying, making sacrificial offerings, etc. that this Bloomberg forcast doesn't come true... Bloomberg.com: Worldwide: Goldman's Murti Says Oil `Likely' to Reach $150-$200 (Update5) __________________ FAVOURITE THREADS EXPLAIN why, or risk an infraction. Rantings of a Grouchy Old Anime Otaku
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Welcome to AnimeOnline.net, your personal Anime Community!	Anime Online Rulez!

May 06, 2008, 11:19 AM	#33 (permalink)
Ochi Gate Level 99 Join Date: May 2007 Location: Ohio Posts: 1,679 Thanks: 7 Thanked 16 Times in 14 Posts Credits: 146,094	Re: Gas Prices Rise see, americans (keep in mind, im an american too) need to realise that we have been having chap gas way longer than everyone else. but we are too in love with our stupid giant SUVs and trucks to do anything but whine! the problem lies not in making gas cheaper, but in making more affordable cars with high milage. __________________ "There is no Altering a Man's Vow
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