Goldman predicts $200/barrel gas

[Trompe le Monde 1,107]

I am nodding my head and agreeing with everything BY says - what is happening to me?

a better question would be - who are you and what did you do with robin?

I don't know - I even found myself agreeing with Gary lately. maybe I need to check if mars is in retrograde or something

[Mr. Big Dog 10,747]

I am nodding my head and agreeing with everything BY says - what is happening to me?

absorption

[Trompe le Monde 1,107]

No, I don't see that at all - Landru is like the Barack Obama of Beta III.

[Trumplestiltskin 5,791]

No, I don't see that at all - Landru is like the Barack Obama of Beta III.

Yeah - except there's no James T Kirk to talk it into blowing itself up.

As to the US not investing in rail - surely we can tie that into the stereotypical conservative/republican/uber-capitalist "personal responsibility/rugged individuality" mantra? I mean if someone can find a rationale to suggest that a person who can't afford healthcare doesn't deserve it (and indeed - to live), the same argument can surely be made of public transportation - that we shouldn't expect these things to be provided for us, and its surely our own fault that we can't afford H2s, Navigators and the like...

Edited May 6, 2008 by Number 6

[HAL 9000 96]

Here's a weird one...

Farrakhan has a Hummer parked in his garage every day.

So its not just crazy conservative nutjobs being complete dumba$$es of the year...

[w¡n9Nµ7 §£@¥€r 123]

Farrakhan's just a wannabe drug dealer!

[mawilson 2,133]

Yesterday I paid $4.05 for a gallon of premium gas.

It's expensive to be sure, but I swear there's less traffic in Manhattan now!

The crazy gas prices are a blessing in disguise - an invisible congestion tax!

[Dr. Obvious 49]

No, I don't see that at all - Landru is like the Barack Obama of Beta III.

Yeah - except there's no James T Kirk to talk it into blowing itself up.

As to the US not investing in rail - surely we can tie that into the stereotypical conservative/republican/uber-capitalist "personal responsibility/rugged individuality" mantra? I mean if someone can find a rationale to suggest that a person who can't afford healthcare doesn't deserve it (and indeed - to live), the same argument can surely be made of public transportation - that we shouldn't expect these things to be provided for us, and its surely our own fault that we can't afford H2s, Navigators and the like...

I tend to think it is just ignorance on the subject on the part of the population here. Think that before I was 21 years old and was abroad, I had never, ever been on a bus or a train or a street car as a form of public transportation, beyond a school bus. I had no real opportunity to ride one here. The nearest bus stop was 3.5 miles from my house and didn't go where I was going anyway. So when you don't have any personal experience with it, it is easy to believe negative things spun off about it, like it attracts or moves crime into your lilly white town, no one will ride it and it will rust in the station, that is only for poor people and I am not POOR, etc.

Edited May 6, 2008 by Wacken

[Jamie76 0]

I've heard the drop in gasoline consumption here is actually making the problem worse. The cost of gas is mostly tied to the price of oil but not entirely. Consumption is going down here because of the price, this in turn is causing refineries to produce less gas than usual. So even as consumption drops, gas stocks continue to dip because refineries are not producing as much because of the drop in consumption, which in turn causes gas prices to increase.

[Ban Hammer 13,352]

Yesterday I paid $4.05 for a gallon of premium gas.

It's expensive to be sure, but I swear there's less traffic in Manhattan now!

The crazy gas prices are a blessing in disguise - an invisible congestion tax!

and some drive slow trying to conserve gas too

I've heard the drop in gasoline consumption here is actually making the problem worse. The cost of gas is mostly tied to the price of oil but not entirely. Consumption is going down here because of the price, this in turn is causing refineries to produce less gas than usual. So even as consumption drops, gas stocks continue to dip because refineries are not producing as much because of the drop in consumption, which in turn causes gas prices to increase.

actually, one major factor that drives up the price is the refineries are running at max capacity, any burp on their part makes prices go up. once we have a decent supply of refined gas then they can slow down the refineries.

[mawilson 2,133]

Yesterday I paid $4.05 for a gallon of premium gas.

It's expensive to be sure, but I swear there's less traffic in Manhattan now!

The crazy gas prices are a blessing in disguise - an invisible congestion tax!

and some drive slow trying to conserve gas too

Not me

I drive fast

[GaryC 7]

I bought a house less than 4 miles from work. It was one of the things I considered when looking for a house.

[yogib37 3]

I bought a house less than 4 miles from work. It was one of the things I considered when looking for a house.

Nothing like having a small commute. My office is like 5 miles from my house and my wife's job is next to our appartments so she could walk if need be.

Yes I love to have a small commute also

Yogi

[Trumplestiltskin 5,791]

I'd like a small commute but there's no way in hell we can afford to buy property in NYC!

[Heracles 417]

I've heard the drop in gasoline consumption here is actually making the problem worse. The cost of gas is mostly tied to the price of oil but not entirely. Consumption is going down here because of the price, this in turn is causing refineries to produce less gas than usual. So even as consumption drops, gas stocks continue to dip because refineries are not producing as much because of the drop in consumption, which in turn causes gas prices to increase.

Interesting point there. That is truly supply and demand..

And Obama wants to tax them more. They will just cut back production further.

Iran says $US200 oil price possible

Iran's Oil Minister Gholamhossein Nozari said it would be possible to see a price of $US200 per barrel for crude if existing conditions in the market continued, an Iranian news agency reported on Thursday.

"If current conditions continue, reaching a period when oil is supplied at $US200 a barrel is not out of reach,'' Nozari told the official IRNA news agency.

Nozari said the reasons behind the surge in oil prices, which this week hit a record high above $US123 a barrel, were the weak US dollar and supply concerns from Nigeria.

Iran and other members of the Organization of the Petroleum Exporting Countries, source of two in every five barrels of oil, have blamed factors other than supply and demand for oil's record high prices.

"In fact, the US dollar has weakened ... Another reason is related to problems in Nigeria's crude production,'' Nozari said.

Oil has risen from below $US20 in early 2002 and is widely predicted to continue its climb.

OPEC oil supply fell in April to 31.64 million barrels per day, its lowest this year, as a strike cut Nigerian output and top OPEC exporters Saudi Arabia and Iran trimmed production.