There's no hope

[plthijinx]

and i back up my point here...

While Libya only contributes about 2 percent of world oil production, the situation is being closely watched for its potential to spawn political uprisings in other member nations in the Organization of the Petroleum Exporting Countries, including Saudi Arabia.

wth? 2 percent? so prices have to jump...

In London, the price of Brent crude, widely used as a global benchmark for prices, jumped $3.22 to close at $105.74 a barrel, after spiking as high as $108.70 earlier in the day.
U.S. benchmark crude climbed $6.90 to $93.10 a barrel in electronic trading early Monday evening after a day when most U.S. financial markets were closed for the Presidents Day holiday.
"What we're seeing now is not a disruption in supply, but a nervousness that a disruption could take place," said Larry Goldstein, a director with the Energy Policy Research Foundation in Washington.

really? come on people smell what your shoveling.

anyone interested..this is the article from the houston chronicle

[plthijinx]

But oil refiners on the East and Gulf coasts still rely heavily on international crudes that track the higher global price. That means most U.S. consumers will likely see the retail price of gasoline — which typically moves in tandem with crude - keep rising if the turmoil in the Middle East continues.
Up nearly 5 cents over the past week, the national average price for regular hit $3.17 a gallon Monday, according to AAA's Daily Fuel Gauge Report. It was $2.99 in Houston.

pfft. bullshit. tap into our resources that have not been tapped. 2%? really? gimme a break. and yes i would still be bitching about this if i still made 100k a year. robbery i tell ya just plain robbery.

[ZenGum]

Oil has very elastic demand - everyone needs it, so if there is a shortage, prices rise very steeply. Compare with, say cabbage. If there is a shortage, people just buy other foods.

Tap into other oil reserves? takes ages, too long to keep you warm this winter.

But you're largely right. This is probably fear and speculation.

[TheMercenary]

The US does not get oil from Libya. It is a market move. A little rattle and roll is all it takes for the price to tick up. But EU does get a lot of oil from Libya and if that is cut off they will have to compete with everyone else for the other sources. The price goes up and the supply goes down.

[Pico and ME]

I remember thinking the last time the price of gas shot up that consumers would to start to go for the smaller, less gas-guzzling cars. Ha. Some did I imagine, but not a year later what did I see? A dramatic increase in SUV's on the road. Its hilarious I tell ya.

[plthijinx]

Originally Posted by Pico and ME

I remember thinking the last time the price of gas shot up that consumers would to start to go for the smaller, less gas-guzzling cars. Ha. Some did I imagine, but not a year later what did I see? A dramatic increase in SUV's on the road. Its hilarious I tell ya.

for that very reason the Fixed Or Repaired Daily is a V-6. i get prolly 17 to 18 mpg. i can;t be without a truck and at the time i was in the market to buy it was convenient and affordable. whenever i do start that eng. job or get one for that matter i;m seriously considering a second vehicle like a jetta or a golf. something along those lines.....

[tw]

Originally Posted by Pico and ME

I remember thinking the last time the price of gas shot up that consumers would to start to go for the smaller, less gas-guzzling cars.

Nonsense. Gasoline at $5 per gallon is cheap. plthijinx's V-6 does 18 MPG. What I got with a carbureted in-line six even after I designed and upgraded it with an electronic ignition ... in 1970. Forty years later and technology is no better? Exactly. Because gasoline even at $7 per gallon is so cheap.

One can ‘feel’ it is expensive. Or one can be politically incorrect, blunt, and honest. Make a decision after learning facts and numbers. Your feelings are irrelevant. (Resistance is futile. Think outside the cube.) Facts are always more important. Gasoline is so ridiculously cheap that more than eight of every 10 gallons burned in a vehicle do nothing useful. More then 8 out of every ten gallons only create heat, pollutants, and noise. Because gasoline at $10 per gallon is so ridiculously cheap.

[ZenGum]

Damn, the price doubled in the time it took him to type that post. Damn.

[Shawnee123]

Originally Posted by tw

Nonsense. Gasoline at $5 per gallon is cheap. plthijinx's V-6 does 18 MPG. What I got with a carbureted in-line six even after I designed and upgraded it with an electronic ignition ... in 1970. Forty years later and technology is no better? Exactly. Because gasoline even at $7 per gallon is so cheap.

One can ‘feel’ it is expensive. Or one can be politically incorrect, blunt, and honest. Make a decision after learning facts and numbers. Your feelings are irrelevant. (Resistance is futile. Think outside the cube.) Facts are always more important. Gasoline is so ridiculously cheap that more than eight of every 10 gallons burned in a vehicle do nothing useful. More then 8 out of every ten gallons only create heat, pollutants, and noise. Because gasoline at $10 per gallon is so ridiculously cheap.

Yeah, it does feel expensive, especially to those of us with long commutes and no public transportation.

Just another way we get screwed, in addition to making cars that suggest 30 mpg is a great deal, and the best you're going to find (when 50 mpg was easily found 15 years ago) we're supposed to feel oh so lucky that we don't have to pay 40 bucks for a gallon of gas, like in some countries where no one drives and public transport is the law of the land.

Bend over. Someone out there is not hurting from these prices, not hurtin' a'tall.

It ain't us working class, though.

[footfootfoot]

Creedence Lyrics: Fortunate Son
Some folks are born made to wave the flag,
Ooh, they're red, white and blue.
And when the band plays "Hail to the chief",
Ooh, they point the cannon at you, Lord,

It ain't me, it ain't me, I ain't no senator's son, son.
It ain't me, it ain't me; I ain't no fortunate one, no,

Yeah!
Some folks are born silver spoon in hand,
Lord, don't they help themselves, oh.
But when the taxman comes to the door,
Lord, the house looks like a rummage sale, yes,

It ain't me, it ain't me, I ain't no millionaire's son, no.
It ain't me, it ain't me; I ain't no fortunate one, no.

Some folks inherit star spangled eyes,
Ooh, they send you down to war, Lord,
And when you ask them, "How much should we give?"
Ooh, they only answer More! more! more! yoh,

It ain't me, it ain't me, I ain't no military son, son.
It ain't me, it ain't me; I ain't no fortunate one, one.

It ain't me, it ain't me, I ain't no fortunate one, no no no,
It ain't me, it ain't me, I ain't no fortunate son, no no no,

[plthijinx]

Originally Posted by tw

Nonsense. Gasoline at $5 per gallon is cheap. plthijinx's V-6 does 18 MPG. What I got with a carbureted in-line six even after I designed and upgraded it with an electronic ignition ... in 1970. Forty years later and technology is no better? Exactly. Because gasoline even at $7 per gallon is so cheap.

One can ‘feel’ it is expensive. Or one can be politically incorrect, blunt, and honest. Make a decision after learning facts and numbers. Your feelings are irrelevant. (Resistance is futile. Think outside the cube.) Facts are always more important. Gasoline is so ridiculously cheap that more than eight of every 10 gallons burned in a vehicle do nothing useful. More then 8 out of every ten gallons only create heat, pollutants, and noise. Because gasoline at $10 per gallon is so ridiculously cheap.

$7? $10?

you;re a fucking idiot.

[Shawnee123]

psssssst: sarcasm, recognize it.

[footfootfoot]

If it weren't for sarcasm we wouldn't have any casm at all.

[plthijinx]

oh oops my bad. i just woke up, sorry y;all!!

[footfootfoot]

Don't feel bad, most of us have no idea what tw is talking about.