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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-21-2008, 04:04 PM   #676
OnTheWarpath58 OnTheWarpath58 is offline
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Agreed. I don't want to save money that damned bad.

I've seen at least two of those in Naperville over the past couple of months, however. They look even smaller in real life.
One almost broadsided me pulling out of a QT this morning.

I only drive a Passat, but he would have lost that battle. Badly.

It's only about the size of a golf cart - I'm guessing hitting a possum might total it.
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Old 05-21-2008, 04:14 PM   #677
Stewie Stewie is offline
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The Saudis have a 2 million bb/d reserve capacity.
I'm not sure where you get your numbers. Saudi Aramco hasn't released production numbers for decades. BUT, through reading tea leaves and vague OPEC numbers, right now Saudi's capacity is 10mbd according to the best guess (which is the rough estimate of what they're pumping now). 10mbd is their capacity until 2009 when they hope to increase their available capacity to 12mbd. No one really knows if they'll achieve 12mbd since there's no hard and fast way to prove it one way or another.
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Old 05-21-2008, 04:22 PM   #678
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Originally Posted by Stewie View Post
I'm not sure where you get your numbers. Saudi Aramco hasn't released production numbers for decades. BUT, through reading tea leaves and vague OPEC numbers, right now Saudi's capacity is 10mbd according to the best guess (which is the rough estimate of what they're pumping now). 10mbd is their capacity until 2009 when they hope to increase their available capacity to 12mbd. No one really knows if they'll achieve 12mbd since there's no hard and fast way to prove it one way or another.
No, I don't know for sure. 2 million has always been the number that's been thrown around, but only they know for sure.
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Old 05-21-2008, 04:34 PM   #679
Stewie Stewie is offline
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BTW, I don't know if everyone knows that American Airlines is laying off people and charging $15 for ANY checked bag. The reason? They spent $1.7 BILLION in the last SEVEN DAYS for fuel!

Inflation is under control. We're telling you, so it's TRUE! [/the gub"mint"]
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Old 05-21-2008, 06:45 PM   #680
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Originally Posted by Stewie View Post
BTW, I don't know if everyone knows that American Airlines is laying off people and charging $15 for ANY checked bag. The reason? They spent $1.7 BILLION in the last SEVEN DAYS for fuel!

Inflation is under control. We're telling you, so it's TRUE! [/the gub"mint"]
Inflation is only a small part of the picture I'm afraid.
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Old 05-21-2008, 06:58 PM   #681
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Originally Posted by Stewie View Post
BTW, I don't know if everyone knows that American Airlines is laying off people and charging $15 for ANY checked bag. The reason? They spent $1.7 BILLION in the last SEVEN DAYS for fuel!

Inflation is under control. We're telling you, so it's TRUE! [/the gub"mint"]
$27,000 in fuel for a flight from NY to LA. Those hybrid planes can't come soon enough...
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Old 05-21-2008, 07:04 PM   #682
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Old 05-22-2008, 10:17 AM   #683
Donger Donger is offline
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$3.865 national retail average. Getting close.
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Old 05-22-2008, 10:19 AM   #684
jidar jidar is offline
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What do you do anyway Donger?

PS I hope you weren't one of the poor saps who shorted oil and had to cover this week.
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Old 05-22-2008, 10:24 AM   #685
chasedude chasedude is offline
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Old 05-22-2008, 10:25 AM   #686
Donger Donger is offline
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What do you do anyway Donger?

PS I hope you weren't one of the poor saps who shorted oil and had to cover this week.
Sales.
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Old 05-22-2008, 10:28 AM   #687
Skip Towne Skip Towne is offline
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Sales.
What do you sell?
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Old 05-22-2008, 10:29 AM   #688
Donger Donger is offline
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What do you sell?
Communication technology.
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Old 05-22-2008, 08:08 PM   #689
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Congress was busy drilling the Oil executives, complaining about that their production and that they were raking in money and not building more refineries.

Well, here's the problem. Congress passed laws in the past that most companies can't build more refineries and such.

Not only the oil company is a problem, Congress is also another problem. They always go with empty threats and senseless rationale.

Congress needs to either lead and do it, or get the **** out of Washington.
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Old 05-22-2008, 08:16 PM   #690
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Just filled up the work truck for 4.75 a gallon for diesel. It's gone up .50 in the last 2 weeks and 1.50 since February. I'm sure glad that doesn't come out of my pocket.
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