For anyone who ever thought that drilling and refining more crude oil on U.S. soil would bring our prices down, you need to read this: Gas, other fuels are top U.S. export

From what I can tell, it doesn't matter if we all cut our driving down by 50% and drive cars that get 40 mpg, as long as global demand keeps climbing, which it will, especially in India, China and Latin America, fuel prices won't be coming down any time soon.

I used to think that high fuel prices for a temporary period of time, say 5 years, would be a good incentive for us to change our driving habits and get automakers to make more efficient cars. How naive I was. I forgot that politicians and CEO's only have an allegiance to the almighty dollar and could care less what "their" country looks like after it's been pillaged.

I had to get one rant in before the end of the year

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'81 300SD

The rise in the price of all commodities, including oil and gasoline, is only very slightly due to supply and demand issues. The increase in commodity prices over the past 40 years is due almost entirely to our central government and federal reserve's policy of inflationary money printing (and creation of electronic money out of nothing).

If you chart the relationship between gold and crude oil over the past 40 years, you will see that oil has hardly appreciated at all when measured in ounces of gold. Quite simply, what has declined dramatically in the past 40, no 100 years, since the creation of the federal reserve system is the value of the dollar.

The VALUE of crude/gas/diesel has changed little over time. What has changed is the near worthless paper we use purchase these commodities, causing dramatic increases in their respective prices.

The government and Fed have done very good jobs over the past 100 years making us all poorer...

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cbjukraine
'84 300D

Yeah, I never understood the drill more here position. Not 1 Petroleum company is nationalized, which means the same market price is paid at the pump. It would just be a larger proportion of US oil in the mix. Same artificially inflated NYSE traded commodity. The difference is there would be jobs created stateside for overseeing operations. But, the investment in every refinery takes MANY years to recoup before actual profit can be seen. But yeah, no real relief at the pumps until the government says so.

Hmm, a bit of a rant feels good, you're right!

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1987 300SDL #1, 1987 300SDL #2, 1980 240D, 1982 300SD, 1994 S350, 1990 350SDL, 1991 350SD, 1985 300D, 2005 E320CDI

Gone, but not forgotten: 1981 300SD, 1982 300SD, 1987 300SDL, 1983 300TD, 1980 300CD, 1981 300SD #2, 1987 300D, 1987 300TDT, 1980 300D

I agree about the dollar. One thing that's always amazed me is a mortgage company will write a mortgage for 30 years for 3% a year. But think what the dollar bought 30 years ago. I dont see that being sustainable. I cant see how they stay in business. I guess that's why they are trying to nickel and dime these charges like ATM and debit card fees. It cant continue like it's been since the the early 80's forward.

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1987 300SDL #1, 1987 300SDL #2, 1980 240D, 1982 300SD, 1994 S350, 1990 350SDL, 1991 350SD, 1985 300D, 2005 E320CDI

Gone, but not forgotten: 1981 300SD, 1982 300SD, 1987 300SDL, 1983 300TD, 1980 300CD, 1981 300SD #2, 1987 300D, 1987 300TDT, 1980 300D

Moderators,
Please move this thread to the open discussion forum and warn the original poster that this forum is for diesel discussion.

Keep the Diesel Discussion forum free of this JUNK.

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2009 E320 Bluetec 117,000
1995 E300D 306,000 Sold
1996 Ford Taurus LX 130,000 Sold
1985 300TD Still 225,000 Sold
2016 Ford Fusion 24,900

Every fiat currency through the course of history has failed. Typically it takes about 40 years. Nixon took us off the gold standard in 1971 so do the math....

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90 300TE 4-M
Turbo 103, T3/T04E 50 trim
T04B cover .60 AR
Stage 3 turbine .63 AR
A2W I/C, 40 LB/HR
MS2E, 60-2 Direct Coil Control
3" Exh, AEM W/B O2
Underdrive Alt. and P/S Pulleys,
Vented Rear Discs, .034 Booster.
3.07 diffs 1st Gear Start

90 300CE 104.980
Milled & ported head, 10.3:1 compression
197° intake cam w/20° advancer
Tuned CIS ECU
4° ignition advance
PCS TCM2000, built 722.6
600W networked suction fan
Sportline sway bars
V8 rear subframe, Quaife ATB 3.06 diff

Please do stay in DD, you are too boreing for OD.

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CHILCUTT~
The secret to a long life. Is knowing when it is time to leave.