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Tsar 06-27-2008 01:20 PM

Quote:

Originally Posted by alamantia (Post 459680)
why was off shore drilling banned in the first place?

Not sure, but I think it was largely due to environmental concerns and such. What if one of them topples over and spills oil and stuff like that, I'm guessing. Plus old people in FL don't wanna look at the oil rigs :lol:

Technology has come far from the time it was signed though...

BonzoHansen 06-27-2008 01:39 PM

They banned it for political reasons – a feel good move and oil then was irt cheap. We are paying for it now – typical of politicians. I hear people saying o/s drilling will cause environmental issues – they ignore that there was little to no impact from Katrina in regards to o/s drilling. Facts suck. LOL

Opening up off shore, Alaska, etc., is good long term sense, plus may add some psychological impact to slow oil speculation, since perceived supply is supposedly the reason for the price jump. The more oil we can get domestically helps our trade deficit, which last I read is nearly 100% energy related, meaning if you take out energy we have no trade deficit. That would help with the spiraling $$. Then is the fed would stop printing money (literally) and raise rates it would bring the dollar back into line which will help more then anything.

$4 will likely never go away – the best we can do is contain it where it is, really. I still think we need a multi-pronged attack on all this – drill, nukes, clean coal, whatever we have inside our borders and within our current delivery infrastructure. It would also have a big impact on national security. Couple all that with energy savings (hybrids, etc) and alternative fuel development and we are on our way. There is no 1 answer; there are lots of small parts that make up the whole.

SteveR 06-27-2008 02:14 PM

Quote:

Originally Posted by alamantia (Post 459680)
why was off shore drilling banned in the first place?

dolphins get caught in the nets

BonzoHansen 06-27-2008 02:16 PM

Quote:

Originally Posted by SteveR (Post 459696)
dolphins get caught in the nets

BBQ dolphin rules....

ins0mnia24 06-27-2008 02:30 PM

All this oil price crap reminds me of the California Enron scandal where they were causing power outages by purposely shutting off power in order to justify the need for rate increases

Knipps 06-27-2008 02:30 PM

Hind sight is 20/20

alamantia 07-08-2008 02:22 PM

http://biz.yahoo.com/cnnm/080708/070808_oil.html

Tsar 07-08-2008 03:27 PM

Quote:

Originally Posted by alamantia (Post 462438)

Gas by my house went up by .01 cent yesterday :lol: Regular still hasn't broken the 4 dollar mark, I'm waiting for the magic moment so the rest of the people can also pay 4+ per gallon, I know I'm nice. :lol:

slugger27nj 07-08-2008 03:32 PM

Quote:

Originally Posted by alamantia (Post 462438)

That'll last for about a 1/2 day or so 'til they come up with some other bogus excuse. I'm actually surprised they didn't go up because the first hurricane of the season formed.

Tsar 07-08-2008 03:35 PM

Quote:

Originally Posted by slugger27nj (Post 462475)
That'll last for about a 1/2 day or so 'til they come up with some other bogus excuse. I'm actually surprised they didn't go up because the first hurricane of the season formed.

Just wait 'til the hurricane gets closer. Patience my friend, patience.

BigAls87Z28 07-08-2008 05:42 PM

Supply is not a problem, they just say it is.
We cannot refine it fast enough, but demand has only increased 3-4% world wide.
Dollar is down, speculation is up.

See what happend today when the dollar rose a bit? Oil went down over 5 dollars a barrell And yesterday went down 4..
If the dollar rose back to where it was a few years ago, 100 dollar a barrel oil would be a thing of the past. Then cut the balls off teh speculators, and we could see 60 dollars a barrell a day after.

Tru2Chevy 07-08-2008 05:51 PM

There were a few places around here the dropped a few cents....the local Quick Check was down to 3.93 for reg. last night :)

- Justin

LTb1ow 07-08-2008 05:57 PM

I just put some gas in my car for the first time in three monthes, only had ten bucks on me and I got a massive 2.5 gallons.... :shock:

Tsar 07-08-2008 06:03 PM

Quote:

Originally Posted by BigAls87Z28 (Post 462520)
Supply is not a problem, they just say it is.
We cannot refine it fast enough, but demand has only increased 3-4% world wide.
Dollar is down, speculation is up.

See what happend today when the dollar rose a bit? Oil went down over 5 dollars a barrell And yesterday went down 4..
If the dollar rose back to where it was a few years ago, 100 dollar a barrel oil would be a thing of the past. Then cut the balls off teh speculators, and we could see 60 dollars a barrell a day after.

Welcome to post 19. Is there an echo in here or something?

BigAls87Z28 07-08-2008 06:11 PM

Shut up commie.

Tsar 07-08-2008 06:25 PM

Quote:

Originally Posted by BigAls87Z28 (Post 462537)
Shut up commie.

Don't be upset little man.

Tsar 07-09-2008 04:45 PM

Weird, Iran tested some missiles but the price of crude didn't go up. Whats going on? :lol:

Maybe tomorrow...

LS1Hawk 07-09-2008 08:49 PM

I filled up the other day at the Delta station on Wanaque Ave in Pompton Lakes. Reg was 3.84. Premium was 3.99.

alamantia 07-10-2008 01:07 PM

Quote:

Originally Posted by Tsar (Post 462842)
Weird, Iran tested some missiles but the price of crude didn't go up. Whats going on? :lol:

Maybe tomorrow...

http://news.yahoo.com/s/ap/20080710/..._ge/oil_prices


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