Shelby Posted April 29, 2010 Report Share Posted April 29, 2010 this latest oil rig fire and now huge leak is it gona run gas up to and above $5 a gal or not ,, me i beleave it will and this is exactly what all the diff department of state and marine life officals warn'd us about happening long ago Link to comment Share on other sites More sharing options...
dmyers151 Posted April 29, 2010 Report Share Posted April 29, 2010 I don't know about $5/gal but it's surely gonna go up from where it is now. Link to comment Share on other sites More sharing options...
Mazarin Posted April 29, 2010 Report Share Posted April 29, 2010 They'll use ANY excuse. It's summer.It's winter.We're drilling more.We're drilling less.Demand is high.Demand is low.The Cowboys lost.We only made a $4billion proffit last quarter. I'm all for free enterprise, but a monopoly needs to be capped/controlled. Link to comment Share on other sites More sharing options...
89PalermoSHP Posted April 29, 2010 Report Share Posted April 29, 2010 im not totally in the know but do you think this type of situation should have been anticipated and a fast response team prepared?? does it seem like the rich guys are standing there scratching their heads while government agencies come to the rescue(on our tax dime)?? Link to comment Share on other sites More sharing options...
Killtodie Posted April 29, 2010 Report Share Posted April 29, 2010 its just one oil rig. Link to comment Share on other sites More sharing options...
88TSI_Rob Posted April 29, 2010 Report Share Posted April 29, 2010 Mazarin hit the nail on the head. A few months back I remember hearing/reading a news report that quoted an oil industry official who claimed that the fixed costs associated with oil drilling, transport, refining and distribution of gasoline now costs over $2/gal so it's virtually impossible for gas prices to drop below $2.50/gal ever again. Link to comment Share on other sites More sharing options...
Technology Posted April 29, 2010 Report Share Posted April 29, 2010 It will anyway. We've hit 'peak oil' and it's been predicted that supply and price will follow an inversely proportionate step down and up, respectively. Supply will taper off in a stepped fashion as they find new smaller reserves and run out of older, larger ones. Price will be just the opposite, and in 20 years or so we will be pissed off when they raise the price over 7 or even 10 bucks a gallon, but feel like it's free when it's $6.79. This was all predicted in the 1950's around the time America became a net importer of oil, and worse in the '70s when we peaked. It's one way or the other, but I'm pretty sure it was the '50s when we imported more than we produced, and the '70s when we peaked. Anyway, really smart people predicted it would happen in the '90s and then later (only a few years, so maybe the late '50s or early '60s) revised it to around 2005. Remember 2005? Wasn't that the first year with $3/gallon gas? Link to comment Share on other sites More sharing options...
Fanta Posted April 29, 2010 Report Share Posted April 29, 2010 I might seem like a tree hugger for this but I'm more concerned about the environmental impact of that leak than I am about gas prices going up. Link to comment Share on other sites More sharing options...
Shelby Posted April 30, 2010 Author Report Share Posted April 30, 2010 yep i can see the entire gulf fishing going to the dogs,, is already sauntion'd to death with limits on catch and keep,, as for clean up cost ,,the pres already said the clean up bill will go to the oil companys ,,and they will pass it on to us but for the thousands of familys put out of work over this oil, no one is gona make it up to them and last but not least by far we import oil BUT we also export a bunch also,,sold to the highest bidder Link to comment Share on other sites More sharing options...
Elkidmino Posted April 30, 2010 Report Share Posted April 30, 2010 (edited) Crud, I just paid $2.70 Wednesday! Looks like I should make the dirtbike street legal. Edited April 30, 2010 by Elkidmino Link to comment Share on other sites More sharing options...
dmyers151 Posted April 30, 2010 Report Share Posted April 30, 2010 Crud, I just paid $2.70 Wednesday! Looks like I should make the dirtbike street legal.Supermoto. Do it. I'm selling my dirtbike for one. Link to comment Share on other sites More sharing options...
indy_85stariones Posted April 30, 2010 Report Share Posted April 30, 2010 http://www.google.com/finance?q=LON%3AOSB1 The price of Oil was $60 per barrel last year, was $120 per barrel two years ago... currently at $85 The price of Gas was $2.00 per gallon last year, was $3.50 per gallon two years ago... currently at $3.00 I predict that a barrel of oil will rise to $100... and a gallon of gas to $3.35... Link to comment Share on other sites More sharing options...
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