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  #1  
Old 02-20-2008, 05:31 PM
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Oil over $101, can't wait for $4.00 diesel

The US is such an energy DEPENDENT pig it's sick.

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  #2  
Old 02-20-2008, 05:44 PM
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Add a few gallons of veggie oil to each tank. Costs less than diesel and lubes the engine.
But you're right.
It's sick.
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  #3  
Old 02-20-2008, 06:08 PM
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word on the street is that gasoline is going to go up to 3.40 by the end of next month.... wonder what diesel is going to get up to...
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  #4  
Old 02-20-2008, 06:46 PM
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Come up to Chicago, I have been paying $3.75 for a while now.

Seriously considering selling the diesel this spring. That's more than $.50 more expensive than premium.
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  #5  
Old 02-20-2008, 06:54 PM
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I am always surprised when others are surprised by the cost of fuel increasing. Demand is increasing and supply is not. Blame India and China, that the real reason. The US still uses the most oil but they will surpass us quite soon. My hope is that we finally wake up and start doing something about our over dependence on oil. Naw, probably not. Lets just make the oil companies wealthier. RT
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  #6  
Old 02-20-2008, 06:56 PM
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Oil futures go up because of a refinery explosion is the story. These speculators and futures players are going to bankrupt us.
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  #7  
Old 02-20-2008, 06:56 PM
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The problem is that the investment in new refineries pays off very far down the road. Raising prices pays off now. We have plenty of oil. It's gasoline and diesel fuel that always are in tight supply.
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  #8  
Old 02-20-2008, 07:30 PM
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Besides our mega-thirst for oil and the rising demand from developing countries like China and India, another big reason for the increasing price of oil is the falling US dollar. Oil is priced in US dollars, so obviously if the dollar goes down it takes more dollars to buy a barrel of oil. Other commodities are going up in price as well for the same reason - it's called inflation. You can thank our government's out-of-control spending and tax cuts.
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Old 02-20-2008, 08:42 PM
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I'm expecting gas to be damn near $5 a gallon soon. Paying $3.08 a gallon was nice while it lasted, now its $3.15 and climbing quick!
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Old 02-20-2008, 09:37 PM
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I've been wanting a new Sprinter van for my business for awhile, but after paying 28k, added insurance AND...... diesel at 3.60 per gallon, it make my 1993 E350 Club Wagon a bargain in comparison.

It will take me years to realize any type of financial benefit, IF, I get 26 mpg, compared to 13 mpg that I get now.

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  #11  
Old 02-20-2008, 11:22 PM
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The news tonight said maybe $3.75 gas by the summer. Still I think $5 is the magic number that will change peoples driving habits, and create real financial incentives for alternative sources of energy.
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  #12  
Old 02-20-2008, 11:24 PM
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$3.55 today.. was $3.45 yesterday.. and three days before that it was $3.23
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  #13  
Old 02-20-2008, 11:55 PM
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Quote:
Originally Posted by thorsen View Post
Come up to Chicago, I have been paying $3.75 for a while now.

Seriously considering selling the diesel this spring. That's more than $.50 more expensive than premium.
Why? The fuel efficiency more than makes up the difference. Unless you buy an overpriced hybrid or an econobox, you're in the same boat.


The family biz has oil interests. Times are good. The people who really have it all figured out are the folks in Dubai. They're taking the billions in oil profits and making their little country the premier tourist destination in the middle east. The stuff they're building is amazing.

Here's what $100.00 a barrel is paying for.



oops.. did I mean to put that in?
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  #14  
Old 02-21-2008, 12:19 AM
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Quote:
Originally Posted by DieselAddict View Post
Besides our mega-thirst for oil and the rising demand from developing countries like China and India, another big reason for the increasing price of oil is the falling US dollar. Oil is priced in US dollars, so obviously if the dollar goes down it takes more dollars to buy a barrel of oil. Other commodities are going up in price as well for the same reason - it's called inflation. You can thank our government's out-of-control spending and tax cuts.

You are correct. The scariest aspect is that many oil producing countries are sick of oil being traded in U.S. dollars. They are sick of losing money on their investment as the U.S. dollar continues to fall, thus they want to denominate oil is Euros instead. What kind of freefall do you think the dollar will see then???

http://www.feasta.org/documents/papers/oil1.htm
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  #15  
Old 02-21-2008, 12:30 AM
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Quote:
Originally Posted by TylerH860 View Post
Why? The fuel efficiency more than makes up the difference. Unless you buy an overpriced hybrid or an econobox, you're in the same boat.


The family biz has oil interests. Times are good. The people who really have it all figured out are the folks in Dubai. They're taking the billions in oil profits and making their little country the premier tourist destination in the middle east. The stuff they're building is amazing.

Here's what $100.00 a barrel is paying for.



oops.. did I mean to put that in?
Damn it great grandpa why did you have to get us out of the oil business! My great grandfather said it was a bad business, sold the gas stations, oil tanks, everything. Back in the 1940's for between jack and ****. grrrrrrrrrrrr

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