¯\_(ツ)_/¯ Posted March 13, 2008 Share Posted March 13, 2008 and the books i've read said that even though you're basically correct, the actual production of crude oil over the last 30 years has basically been slowing down because you can only pump out so much oil is so much time. I'd suggest reading this book, its really interesting, the author wrote a book in the 90's forecasting the tech burst in 2000/01 and also wrote a book in the mid 80s predicting the near future stock crash which happened in the late 80s. This guy sort of knows what he's talking about, its been an eye opener to say the least. Quote Link to comment Share on other sites More sharing options...
¯\_(ツ)_/¯ Posted March 13, 2008 Share Posted March 13, 2008 The rise in price is in relationship to the simple economic idea of supply vs demand. with the development of india/china, the demand part has continually increased and will continue to increase. The simple solution is to increase supply, but thats the problem, they really cant. They're near the ceiling of current oil production, meaning that they can't really produce more oil than they currently are without going to find new area's to drill and doing that is going to be really hard to do. So thats why (at least the big reason of many) the cost of oil is continually going up, they are slowly not meeting the demand of the world and as supply becomes lower than demand the price increases. There are other factors involved, like the war and stability in the middle east, but thats not the only area in the world oil is drilled at so that can't really be used as a scapgoat. I'm not that knoweldgeable on this issue by any means, but I don't believe the part I underlined in your quote is a fact. It's debatable. I remembered reading this editorial the other day, which you may want to, for another opinion. http://online.wsj.com/article/SB120459389654809159.html?mod=djemEditorialPage Personally, I think that there's probably merit to what you said and probably merit to the editorial posted above. Neither side really has me convinced one way or another at this point. Most of the stuff I've read about this just makes my head hurt. thats an interesting, short read, and i'm not saying i'm all knowing on the subject, but I have read a good bit about it and the economic structure of the industry for a few years in my business classes. Quote Link to comment Share on other sites More sharing options...
mcm1610 Posted March 13, 2008 Share Posted March 13, 2008 I was going to talk about the peak oil supply myths that I've learned in classes, but I finally glanced at the WSJ link and they've got it covered far better than I can. The real problem is too few refineries, not the oil sources themselves. Or I guess you can say the oil companies are actually the problem... Quote Link to comment Share on other sites More sharing options...
¯\_(ツ)_/¯ Posted March 24, 2008 Share Posted March 24, 2008 aaaaaaaaand gas is more expensive today than in the early 80's. can't use that "adjust for inflation" crap anymore, its more now than it ever has been and its only going up. http://www.cnn.com/2008/US/03/23/gas.prices/index.html Quote Link to comment Share on other sites More sharing options...
Guest scriptedrain Posted March 24, 2008 Share Posted March 24, 2008 Womp womp. Quote Link to comment Share on other sites More sharing options...
tattoosdonthurt Posted March 24, 2008 Share Posted March 24, 2008 got you all beat, gas was $.79 when I started to drive, BOOYAHHHHHHHHHHActually, growing up in the south, we had the cheapest gas. When I started driving(12 years ago), gas was $.47. So put that in your smipe and poke it. Quote Link to comment Share on other sites More sharing options...
heavyheavylowlow Posted March 24, 2008 Share Posted March 24, 2008 I have a clio, with a 30 litre petrol tank, that's about 8 gallons, it costs me £40, about $80 to fill it, so if you all think you've got it bad, move to England Quote Link to comment Share on other sites More sharing options...
ericheartsu Posted March 24, 2008 Share Posted March 24, 2008 This is really going to effect our culture, as bands will be less likely to tour, and fans will be less likely to drive to shows. Its going to be very interesting seeing what happens. Quote Link to comment Share on other sites More sharing options...
kirbypuckett Posted March 24, 2008 Author Share Posted March 24, 2008 I have a clio, with a 30 litre petrol tank, that's about 8 gallons, it costs me £40, about $80 to fill it, so if you all think you've got it bad, move to England European countries have much higher gas prices than the U.S., but you're also in a smaller area and don't have to drive nearly as much as an average American. Plus, the public transportation over there is much better than what most Americans have to put up with. I'm below the average and my daily commute is 13 miles both ways. I drive an economy car and it still pains me. Quote Link to comment Share on other sites More sharing options...
vittywatt Posted March 24, 2008 Share Posted March 24, 2008 This is really going to effect our culture, as bands will be less likely to tour, and fans will be less likely to drive to shows. Its going to be very interesting seeing what happens. they(the news) have already started showing pieces on local shops raising prices. bob's pizza has to raise his prices on pizza/food/beverages because all of his ingredients have raised in price recently because it costs more money to deliver to his door. from the boat/train/bus to his store everything is linked to gas, everything. people want to fix the economy??? fuck just fix the gas issue and everything will drop in price and fix its self. Quote Link to comment Share on other sites More sharing options...
nickbuysvinyl Posted March 24, 2008 Share Posted March 24, 2008 people want to fix the economy??? fuck just fix the gas issue and everything will drop in price and fix its self. BACKED Quote Link to comment Share on other sites More sharing options...
kyle Posted March 24, 2008 Share Posted March 24, 2008 I had a dream last night that I was driving along some old highway in the middle of nowhere and gas was $.99/gallon. That was pretty irrelevent, but I wanted to share. Quote Link to comment Share on other sites More sharing options...
monk0nuggets Posted March 24, 2008 Share Posted March 24, 2008 This thread makes me sad. Quote Link to comment Share on other sites More sharing options...
sgoodcore Posted March 24, 2008 Share Posted March 24, 2008 Yeah, gas sucks. I'm quite glad my car does decent. I just wish LA better mass transit. I can't ride a bike 20 miles to work on the freeway. Oh yeah and I have to use premium, woohoo for $3.67/gallon today. Quote Link to comment Share on other sites More sharing options...
kyle Posted March 24, 2008 Share Posted March 24, 2008 Yeah, gas sucks. I'm quite glad my car does decent. I just wish LA better mass transit. I can't ride a bike 20 miles to work on the freeway. Oh yeah and I have to use premium, woohoo for $3.67/gallon today. What do you drive that forces you to pump premium? Quote Link to comment Share on other sites More sharing options...
heavyheavylowlow Posted March 24, 2008 Share Posted March 24, 2008 I have a clio, with a 30 litre petrol tank, that's about 8 gallons, it costs me £40, about $80 to fill it, so if you all think you've got it bad, move to England European countries have much higher gas prices than the U.S., but you're also in a smaller area and don't have to drive nearly as much as an average American. Plus, the public transportation over there is much better than what most Americans have to put up with. I'm below the average and my daily commute is 13 miles both ways. I drive an economy car and it still pains me. that's a bit presumptuous isn't it. English public transport could in no way be given a wide spread 'standard' as city councils hire out contracts to private firms, I know my local public transport is terrible, it costs 6 quid for a ticket that will take you at most 12 miles. And as for saying we don't have to drive as far, I drive 52 miles a day to get to college. Quote Link to comment Share on other sites More sharing options...
sgoodcore Posted March 24, 2008 Share Posted March 24, 2008 Yeah, gas sucks. I'm quite glad my car does decent. I just wish LA better mass transit. I can't ride a bike 20 miles to work on the freeway. Oh yeah and I have to use premium, woohoo for $3.67/gallon today. What do you drive that forces you to pump premium? Supercharged Mini Cooper S. The compression is above 10:1 so if I don't pump premium the car detunes itself something fierce. Quote Link to comment Share on other sites More sharing options...
sgoodcore Posted March 24, 2008 Share Posted March 24, 2008 I have a clio, with a 30 litre petrol tank, that's about 8 gallons, it costs me £40, about $80 to fill it, so if you all think you've got it bad, move to England If you get paid in pounds and get paid the same as I do spending 40 pounds is equivalent to 40 dollars. Quote Link to comment Share on other sites More sharing options...
kyle Posted March 24, 2008 Share Posted March 24, 2008 What do you drive that forces you to pump premium? Supercharged Mini Cooper S. The compression is above 10:1 so if I don't pump premium the car detunes itself something fierce. Gotcha, I was just curious. I was going to say, a lot of car manufacturers try to recommend pumping premium but unless the compression ratio is really high it's unnecessary. Obviously you need it. There are a lot of people pumping premium that see absolutely no benefit, and in some cases it actually kills their mileage/performance. Quote Link to comment Share on other sites More sharing options...
kirbypuckett Posted March 24, 2008 Author Share Posted March 24, 2008 European countries have much higher gas prices than the U.S., but you're also in a smaller area and don't have to drive nearly as much as an average American. Plus, the public transportation over there is much better than what most Americans have to put up with. I'm below the average and my daily commute is 13 miles both ways. I drive an economy car and it still pains me. that's a bit presumptuous isn't it. English public transport could in no way be given a wide spread 'standard' as city councils hire out contracts to private firms, I know my local public transport is terrible, it costs 6 quid for a ticket that will take you at most 12 miles. And as for saying we don't have to drive as far, I drive 52 miles a day to get to college. Your case my be different, but from what I've read and talked with our people from Europe it's quite different. Look how small your country is compared to mine and analyze the population density. Quote Link to comment Share on other sites More sharing options...
sgoodcore Posted March 24, 2008 Share Posted March 24, 2008 Supercharged Mini Cooper S. The compression is above 10:1 so if I don't pump premium the car detunes itself something fierce. Gotcha, I was just curious. I was going to say, a lot of car manufacturers try to recommend pumping premium but unless the compression ratio is really high it's unnecessary. Obviously you need it. There are a lot of people pumping premium that see absolutely no benefit, and in some cases it actually kills their mileage/performance. Yep, very true. I tried running 89 once and oh boy, that didn't go over well at all. Quote Link to comment Share on other sites More sharing options...
¯\_(ツ)_/¯ Posted March 24, 2008 Share Posted March 24, 2008 that's a bit presumptuous isn't it. English public transport could in no way be given a wide spread 'standard' as city councils hire out contracts to private firms, I know my local public transport is terrible, it costs 6 quid for a ticket that will take you at most 12 miles. And as for saying we don't have to drive as far, I drive 52 miles a day to get to college. Your case my be different, but from what I've read and talked with our people from Europe it's quite different. Look how small your country is compared to mine and analyze the population density. how many people in our country CHOOSE to drive that far from home to work? Quote Link to comment Share on other sites More sharing options...
sgoodcore Posted March 24, 2008 Share Posted March 24, 2008 Your case my be different, but from what I've read and talked with our people from Europe it's quite different. Look how small your country is compared to mine and analyze the population density. how many people in our country CHOOSE to drive that far from home to work? Yes, and how many have no choice but to for a decent job AND a decent place to live? The population centers, where most jobs are located, are either insanely expensive or not the best neighborhoods. I would imagine that to be the case most everywhere. I think the main issue is mass transit. If I could take a train to work I would do it in a second. However, the only option is a bus and I'd have to be on the bus at 7 to arrive to my office at 9. Two hours for 19 miles isn't exactly a great mass transit system. Quote Link to comment Share on other sites More sharing options...
mediocore Posted March 24, 2008 Share Posted March 24, 2008 how many people in our country CHOOSE to drive that far from home to work? Yes, and how many have no choice but to for a decent job AND a decent place to live? The population centers, where most jobs are located, are either insanely expensive or not the best neighborhoods. I would imagine that to be the case most everywhere. I think the main issue is mass transit. If I could take a train to work I would do it in a second. However, the only option is a bus and I'd have to be on the bus at 7 to arrive to my office at 9. Two hours for 19 miles isn't exactly a great mass transit system. Agreed. Living in Southern California is a commuter's nightmare. The vast majority of jobs are in downtown LA, Hollywood, Santa Monica, Irvine, and some of the beach cities (to a lesser extent). Most people don't live near the area they work, which blows. The 405 is a fucking nightmare during rush hour. When I lived in Redondo Beach and worked in Marina Del Rey (about 12-14 miles away), it would easily take over an hour each direction. Drove me fucking crazy... until I started commuting from Redondo Beach to Irvine. Ugh. Quote Link to comment Share on other sites More sharing options...
j4m35 Posted March 24, 2008 Share Posted March 24, 2008 so cal traffic hayyy Quote Link to comment Share on other sites More sharing options...
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