[loony_taz00]

Think about it How the hell does oul jump from $1 a litre one day to $1.30 the next day ( Living in Canada) Obvisly Something is going on at the Gas station as well. They still paid say 60 cents for that gas but somehow they can justify charging 1.30 just because oil went up that night meanwhile they have NOT paid the new premium on it yet.

[gurutech]

Originally Posted by bassetman

Guess you haven't really read up on it have you?

I've been paying out the wazoo for gas for the past 3-4 years.

@#$% world peace... I want oil back at $50/barrel!!!!

[thoughts999]

The Sundance channel had a show on that had originally been aired in 2006 where many experts talked about the looming crisis from the increased demand for oil. One of the facts that they point out very clearly is that all of the current oil wells on the planet cannot produce enough oil to sustain us. The window of time that they gave was less than 15 years.

They talked about oil only for those who could pay $50.00 per gallon, as the supply would be so little.

We need to get the politicians to get it together. There should be increased grant money towards alternative energy research. Rebates to homeowners who improve their energy consumption and or add new alternative energy products to their homes.

There is a company that has developed an Ethanol from waste products, and other products. GM has bought a large share in it. They will have a test plant running in 2011 ( I think). This shows some promise over corn ethanol and they say it can be produced for under $1.00 per gallon.

If this becomes a viable product it will take tens years to get a delivery system up and running the way things are done. The main drawbacks are the lack of pumps. Again the politicians will be slow to act. Gas stations are licensed, as a requirement to obtain that license they could be required to add at least one pump and tank for alternative fuel. Have it paid for out of the huge money being given to the big oil companies. This measure could shorten the delivery by years.

Here we are listening to the Presidential candidates with their petty bickering and not one of them has tackled this issue. The price of oil will hurt our economy more than the housing debacle. Where is their plan! UGH! America is in for very tough times. Everything in our economy and our lives is tied to a product (oil) that is not sustainable.

Forget about driving to the Beach, how do you heat your home! Here in the Northeast (like many other places) you have to heat your home or freeze to death. What will people on fixed incomes do when they have to buy oil 500 gallons at a time to fill their tanks and they cannot pay it?

I can't image the what the world will be like for my grandchildren. This is just the beginning.

Thoughts999

[gurutech]

Aside from paying out the wazoo for gas, my gripe is that the big oil companies are still posting record profits (not record "income" - record PROFITS.)

This means that companies like Exxon are making over $80 BILLION in PROFIT every year, and much of that is "government tax breaks" for seeking "alternative fuel" possibilities. Who the @#$% are they kidding? Why would an oil company seek to put themselves out of business??

The government should not be giving the oil companies ANY breaks. They should be taking that money from the oil companies' wazoo's like our money is being taken from us.

Granted, I drive an SUV, but mine is capable of running on E85. The only problem is THERE'S NO $%^&#$ E85 STATIONS IN NEW JERSEY!!!!!

[bassetman]

Originally Posted by gurutech

Aside from paying out the wazoo for gas, my gripe is that the big oil companies are still posting record profits (not record "income" - record PROFITS.)

This means that companies like Exxon are making over $80 BILLION in PROFIT every year, and much of that is "government tax breaks" for seeking "alternative fuel" possibilities. Who the @#$% are they kidding? Why would an oil company seek to put themselves out of business??

The government should not be giving the oil companies ANY breaks. They should be taking that money from the oil companies' wazoo's like our money is being taken from us.

Granted, I drive an SUV, but mine is capable of running on E85. The only problem is THERE'S NO $%^&#$ E85 STATIONS IN NEW JERSEY!!!!!

Ouch, double whammy! Bush is your prez AND you live in NJ!

[gurutech]

Originally Posted by bassetman

Ouch, double whammy! Bush is your prez AND you live in NJ!

I didn't vote for him. Either time.

I voted Nader. But that's a different debate....

[bassetman]

Originally Posted by gurutech

I didn't vote for him. Either time.

I voted Nader. But that's a different debate....

That it is!

[johnnyburst79]

Originally Posted by gurutech

Aside from paying out the wazoo for gas, my gripe is that the big oil companies are still posting record profits (not record "income" - record PROFITS.)

This means that companies like Exxon are making over $80 BILLION in PROFIT every year, and much of that is "government tax breaks" for seeking "alternative fuel" possibilities. Who the @#$% are they kidding? Why would an oil company seek to put themselves out of business??

The government should not be giving the oil companies ANY breaks. They should be taking that money from the oil companies' wazoo's like our money is being taken from us.

Well, that is capitalism...makings tons o' money.

Originally Posted by gurutech

Granted, I drive an SUV, but mine is capable of running on E85. The only problem is THERE'S NO $%^&#$ E85 STATIONS IN NEW JERSEY!!!!!

If there are no E85 refueling stations, why did you buy an SUV then? To fit in?

[gurutech]

Originally Posted by johnnyburst79

If there are no E85 refueling stations, why did you buy an SUV then? To fit in?

So when (if) they do start popping up in NJ, then I could use them. But then again, I also bought my SUV before this whole oil crisis started getting out of hand.

[bassetman]

Originally Posted by gurutech

So when (if) they do start popping up in NJ, then I could use them. But then again, I also bought my SUV before this whole oil crisis started getting out of hand.

Ummm did that big Bush tax break for vehicles have anything to do with your purchase?

[gurutech]

Originally Posted by bassetman

Ummm did that big Bush tax break for vehicles have anything to do with your purchase?

No, it was actually for two reasons:

1) The minivan I had (Kia) turned lemon on me.
2) 2 less seats in the SUV (compared to said lemon) means my mother in law has to drive her own @$$ to northern NJ for the family holidays.

[johnnyburst79]

Originally Posted by gurutech

So when (if) they do start popping up in NJ, then I could use them. But then again, I also bought my SUV before this whole oil crisis started getting out of hand.

Why not trade in for a diesel and make your own biodiesel at home?

[selectrick]

Gotta finance WW3 somehow, no?

[gurutech]

Originally Posted by johnnyburst79

Why not trade in for a diesel and make your own biodiesel at home?

I'm already thinking Fuel Cell...

[LuckyStrike]

I have been seeing headlines about predictions of gasoline going to $7 per gallon, then headlines predicting $10 per gallon. I expect that higher gas prices will motivate people to use less and drillers to find more. That is assuming that envious politicians and the government refrain from screwing up the free market with new taxes and new regulations.

Speculation may be a major factor in rising gas prices. Maybe we should be seeing headlines like: "Gasoline prices expected to rise to $7 per gallon as a result of predictions of gas prices rising to $7 per gallon".