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06-27-2008, 01:20 PM
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#26
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by alamantia
why was off shore drilling banned in the first place?
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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 
Technology has come far from the time it was signed though...
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06-27-2008, 01:39 PM
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#27
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
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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.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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06-27-2008, 02:14 PM
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#28
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by alamantia
why was off shore drilling banned in the first place?
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dolphins get caught in the nets
__________________
Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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06-27-2008, 02:16 PM
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#29
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
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Quote:
Originally Posted by SteveR
dolphins get caught in the nets
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BBQ dolphin rules....
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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06-27-2008, 02:30 PM
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#30
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Join Date: Aug 2005
Location: Millville & Little ferry New Jersey
Posts: 454
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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
__________________
2002 Z/28 = Firemutt Racing 370 w/ Cam, Trick Flow heads, TPIS 90mm Intake & 90mm T.B., Vigilante 3600 t.c., Michael's Transmissions Built 4L60E.
QTP Headers, Mufflex Stainless Y-pipe, Pypes Performance Exhaust, Moser 12-bolt w/ 33 spline axles,Truetrac & 3:73's., Spohn.
Cartek Tuned...
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06-27-2008, 02:30 PM
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#31
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Hind sight is 20/20
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Quote:
Originally Posted by BonzoHansen
dumbass.
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07-08-2008, 02:22 PM
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#32
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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07-08-2008, 03:27 PM
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#33
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by alamantia
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Gas by my house went up by .01 cent yesterday 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.
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07-08-2008, 03:32 PM
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#34
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Join Date: Dec 2005
Location: Central, NJ
Posts: 714
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Quote:
Originally Posted by alamantia
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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.
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07-08-2008, 03:35 PM
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#35
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by slugger27nj
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.
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Just wait 'til the hurricane gets closer. Patience my friend, patience.
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07-08-2008, 05:42 PM
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#36
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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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.
__________________
2/20/2013: They Day the ****s Stopped
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07-08-2008, 05:51 PM
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#37
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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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
__________________
1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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07-08-2008, 05:57 PM
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#38
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Mongo the Meet Coordinator
Join Date: May 2008
Posts: 16,938
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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.... 
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07-08-2008, 06:03 PM
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#39
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by BigAls87Z28
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.
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Welcome to post 19. Is there an echo in here or something?
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07-08-2008, 06:11 PM
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#40
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Shut up commie.
__________________
2/20/2013: They Day the ****s Stopped
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07-08-2008, 06:25 PM
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#41
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by BigAls87Z28
Shut up commie.
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Don't be upset little man.
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07-09-2008, 04:45 PM
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#42
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MIR
Join Date: Jul 2005
Posts: 9,692
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Weird, Iran tested some missiles but the price of crude didn't go up. Whats going on?
Maybe tomorrow...
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07-09-2008, 08:49 PM
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#43
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Join Date: Apr 2005
Posts: 2,308
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I filled up the other day at the Delta station on Wanaque Ave in Pompton Lakes. Reg was 3.84. Premium was 3.99.
__________________
John
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07-10-2008, 01:07 PM
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#44
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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Quote:
Originally Posted by Tsar
Weird, Iran tested some missiles but the price of crude didn't go up. Whats going on?
Maybe tomorrow... |
http://news.yahoo.com/s/ap/20080710/..._ge/oil_prices
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