Thread: Gas Prices for 2011

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Went up .10 today = $3.39

$3.49 for high test here $3.19 regular.

This week I'm in Cal. and I'm seeing 3.75 to 4 dollars a gallon! Sigh..... 8-(

Going to make $4.00 all over by summer the way it's going...,.,,

$3.23 here in BFB, Texas but I expect it to start going back up real soon.

One thing that this inflation does is cause me to only put $10 or $15 in the PU that I only use occasionally rather than top everything off when I stop for gas.

Oh well, I've had to tighten the old belt before and I lived over it.

3.25 here in the City of Salt Lake

went up 14 cents today to 3.29 today which is makes sense since the paper just had an article on how the rising cost of gas is not going to affect us very much.

Sorry Gang !

The countries in the middle east that are this excuse for this pricing contribute only 2% of the total worlds oil.Only 2% guys.And every time the gas prices go up more taxes are collected too.Where are all those hero's we elected??.Least they could/should do is not tax the stuff.Or not tax it as much.Those elected folks aren't bright enough to consider this to be another threat to our country.

Another thought is how to handle this.Call those countries into a meeting with a huge red button in the middle of the table,no wires attached to it,just the button.Opening question......well boys tell us what the hell your thinking???.

Another thought is how to handle this.Call those countries into a meeting with a huge red button in the middle of the table,no wires attached to it,just the button.Opening question......well boys tell us what the hell your thinking???.[/QUOTE]

So what your saying is you want to control how much another country can set the price for selling a product ? .........that seems fair...........one country can control another for their benefit..........isn't that like bullying?

Here are where some of the largest proven oil reserves are - and it ain't all in camel jockey land:


"Services under the U.S. Department of the Interior estimate the total volume of undiscovered, technically recoverable oil in the United States to be roughly 134 billion barrels.[6][7] Over 1 million exploratory and developmental crude oil wells have already been drilled in the US since 1949.[8]

The Minerals Management Service (MMS) estimates the Federal Outer Continental Shelf (OCS) contains between 66.6 and 115.1 billion barrels (10.59×10^9 and 18.30×10^9 m3) of undiscovered technically recoverable crude oil, with a mean estimate of 85.9 billion barrels (13.66×10^9 m3). The Gulf of Mexico OCS ranks first with a mean estimate of 44.9 billion barrels (7.14×10^9 m3), followed by Alaska OCS with 38.8 billion barrels (6.17×10^9 m3). At $80/bbl crude prices, the MMS estimates that 70 billion barrels (11×10^9 m3) are economically recoverable. As of 2008, a total of about 574 million acres (2,320,000 km2) of the OCS are off-limits to leasing and development. The moratoria and presidential withdrawal cover about 85 percent of OCS area offshore the lower 48 states. The MMS estimates that the resources in OCS areas currently off limits to leasing and development total 17.8 billion barrels (2.83×10^9 m3)(mean estimate).[6]"

http://en.wikipedia.org/wiki/Oil_res..._United_States

and

http://en.wikipedia.org/wiki/List_of...n_oil_reserves

Well, that took longer than I thought it would..........

The notion of a few self annointed "elites" wanting to control the rest of the folks in their society is as old as mankind itself. If you pay attention they are the ones who foment notions like "those greedy ______________....", in an attempt to distract from their actions. In that way "the people" then have to come to them for solutions to the problems their actions have caused that they successfully blamed on others. Like Dave asks, ".....will they be held accountable?" History has shown the gullible outnumber the informed....sigh.

On the idea that Lybia "only" supplies 2% of the worlds crude, that 2% is still a lot of energy. But to focus on that is to miss what's really going on.

Maybe it's my "spook" training from many moons ago, but to me there's a pattern of disruption in a whacky part of the world. Lybia, Tunisia, Egypt, Bahrain, Iran, and all the rest. What's behind that? Why now? Is it really "the people" wanting to oust oppressive rulers? Or is the beginning of the latest wave of the radical jihadists stated plan of world conversion? And in the middle of all of these destabilizing countries is the "gorilla"....Saudi Arabia.............10% of the worlds supply of crude. Futures (that word means something) traders look at the possible future, not the short term stuff "normal" people and the useless media focus on.

All that uncertainty (which extracts a cost) and our Federal Reserve devaluing the dollar through it's QE2 (sweetly called Quantitative Easing.....sounds pretty harmless eh?) policy are raising the price of ALL commodities around the world. Greed? More like survival.....but hey, shouting out "Hey, look at this shiny thing over here...." has worked for the elites since forever, why stop now?

Originally Posted by Oldmanb

Another thought is how to handle this.Call those countries into a meeting with a huge red button in the middle of the table,no wires attached to it,just the button.Opening question......well boys tell us what the hell your thinking???.

So what your saying is you want to control how much another country can set the price for selling a product ? .........that seems fair...........one country can control another for their benefit..........isn't that like bullying?[/QUOTE]

Nope.I disagree with you about bullying.I do think it is time for us to think of us first.No more a consideration for what the other countries might think.If they are continuing to stick into our butts,in return we can remind them we CAN make their oil rich lands glow for all time.I think you have to think about all these funds are getting to a very very few rich and the rest are very,very,poor.A act like that is human rights of the first order.

Originally Posted by 1gary

So what your saying is you want to control how much another country can set the price for selling a product ? .........that seems fair...........one country can control another for their benefit..........isn't that like bullying?

Nope.I disagree with you about bullying.I do think it is time for us to think of us first.No more a consideration for what the other countries might think.If they are continuing to stick into our butts,in return we can remind them we CAN make their oil rich lands glow for all time.I think you have to think about all these funds are getting to a very very few rich and the rest are very,very,poor.A act like that is human rights of the first order.[/QUOTE]

But, problem here is how do you control something you don't own? It would be like if they came here and decided they are going to take control of your town or city................it's not worth starting a war over.It seems like Irag,oil is more important then people,or "casualties" ,as there called these days,any excuse to start a war or invasion is usually the wishes of a few rich people who stand to make big$$$$,and to hell with everyone else!
I agree with Dave Severson.the middle east have fought among themselves for years and will most likely continue to do so, so let them battle it out.

Throwing us a bone today. dropped .02 to $3.47.