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06-22-2008, 09:49 AM
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#1
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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Thank God
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06-22-2008, 10:57 AM
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#2
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Token v6 Guy
Join Date: Sep 2004
Location: No longer neon land :(
Posts: 5,703
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98 cents per gallon!!!!!
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2013 Dodge Challenger SRT8 - 12.079 at 116.45
2010 Ford Taurus SHO - stage 4+ tune and an intake - no times yet
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06-22-2008, 11:29 AM
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#3
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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Should be under $3.50 for regular by next weekend.
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06-22-2008, 01:11 PM
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#4
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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None of this would matter if we grew some f'in balls and did it ourselves. It's goods news I guess, it might drop prices since supply concerns might shrink...but WE still need refineries here and the ability to harvest our own resources.
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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06-22-2008, 11:19 PM
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#5
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Quote:
Originally Posted by Frosty
None of this would matter if we grew some f'in balls and did it ourselves. It's goods news I guess, it might drop prices since supply concerns might shrink...but WE still need refineries here and the ability to harvest our own resources.
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even if we started tomorrow we wouldn't be able to use anything for another ~10 years
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Quote:
Originally Posted by BonzoHansen
dumbass.
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06-23-2008, 05:40 AM
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#6
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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It'd be approximately 5 but you're right, we wouldn't reap the benefits right now. However even by saying we're going to drill would help knock prices down. Hell, when China announced they're raising their subsidized prices the price of oil fell. It just sucks that all this crap is just a game with these speculators.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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06-23-2008, 07:18 AM
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#7
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MIR
Join Date: Jul 2005
Posts: 9,692
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um..crude is up, not down 
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06-23-2008, 07:32 AM
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#8
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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The day China announced it the price went down. 
Now they've just found another reason to jack it back up lol
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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06-23-2008, 07:51 AM
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#9
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by alamantia
Should be under $3.50 for regular by next weekend.
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I hope this was hard detecting sarcasm over the internets
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06-24-2008, 03:01 PM
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#10
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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Quote:
Originally Posted by Tsar
I hope this was hard detecting sarcasm over the internets |
No sarcasim, Its 3.70 in midland park and its only tuesday
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06-24-2008, 03:35 PM
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#11
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Join Date: Apr 2005
Posts: 2,308
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Quote:
Originally Posted by alamantia
No sarcasim, Its 3.70 in midland park and its only tuesday
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Where in Midland Park? I know in the center of town there's that intersection with a bunch of no name stations that are always cheap. It's the mainstream stations that need to come down.
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John
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06-24-2008, 04:02 PM
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#12
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by alamantia
No sarcasim, Its 3.70 in midland park and its only tuesday
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Crude oil hasn't lost a cent since the anouncement, so no worries gas prices will go up again. Here it fluctuates between 3.90 and 4.00 for regular.
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06-24-2008, 07:00 PM
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#13
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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Quote:
Originally Posted by LS1Hawk
Where in Midland Park? I know in the center of town there's that intersection with a bunch of no name stations that are always cheap. It's the mainstream stations that need to come down.
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yup, thems the jammies
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06-27-2008, 10:30 AM
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#14
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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06-27-2008, 10:32 AM
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#15
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,151
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Quote:
Originally Posted by alamantia
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The fed is killing us w/the rates. If the $$ was where it was a few years ago oil would be like $80 a barrel.
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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, 10:38 AM
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#16
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Speculators!! When will the Senate go after them!! WTFUGGGGGGGG!!
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2/20/2013: They Day the ****s Stopped
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06-27-2008, 10:57 AM
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#17
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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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I told you that from the beginning...
Saudis increased production by what? 200k barrels? and the daily world oil production is 85 million barrels. That's .0023% increase, what do honestly thought that "increase" will do? Some people are just naive.
Last edited by Tsar; 06-27-2008 at 10:57 AM.
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06-27-2008, 11:02 AM
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#18
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by BigAls87Z28
Speculators!! When will the Senate go after them!! WTFUGGGGGGGG!!
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Exactly. Thats why gas is so high.
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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, 11:06 AM
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#19
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by SteveR
Exactly. Thats why gas is so high.
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yea, weak dollar has nothing to do with it...
Last edited by Tsar; 06-27-2008 at 11:19 AM.
Reason: cant spell...
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06-27-2008, 11:09 AM
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#20
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by Tsar
tea, weak dollar has nothing to do with it...
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yea, but when the Saudi's have to step in and tell them to knock it off, you know somethings wrong there
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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, 11:43 AM
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#21
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Oil reserves are at the highest its ever been. The US could release a 1/3 of the reserves and flood the market, price of oil would drop like a rock.
There are several factors to this record oil, dollar is one, but speculators have driven up the price of oil 50% while global demand for oil has risen about 3% with production matching it.
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2/20/2013: They Day the ****s Stopped
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06-27-2008, 12:32 PM
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#22
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by BigAls87Z28
Oil reserves are at the highest its ever been. The US could release a 1/3 of the reserves and flood the market, price of oil would drop like a rock.
There are several factors to this record oil, dollar is one, but speculators have driven up the price of oil 50% while global demand for oil has risen about 3% with production matching it.
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US consumes 20,687,000 barrels per day according to EIA, and those numbers are most likely slightly outdated and the number is likely higher.
They also state that US has 20,972 million barrels of oil as a reserve as of 07. The figure has probably gone up but I'm gonna use real numbers because no one has provided different ones.
So if the US releases 1/3 of its oil reserves for public to waste on their SUVs, that would be 6990 million barrels of oil which would last us 337 days at the previously given rate of consumption. I would hardly call that FLOODING the market with oil.
You would lose reserves, and the price of oil would later go up, and we would be in even bigger hole that you are right now.
Maybe it's just me, but the numbers don't lie.
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06-27-2008, 12:52 PM
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#23
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Join Date: Jan 2008
Location: West Milford/Villanova
Posts: 1,044
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Tsar is right. The high price of oil has many factors. Weak US dollar, speculators.
Even if Congress lifts the off-shore drilling ban, it will take years to get the rigs up and running, so the price will not go down a lot. The speculators might sell it alittle bit, but not even to cause a massive drop.
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06-27-2008, 01:03 PM
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#24
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Join Date: May 2006
Location: Midland Park, NJ
Posts: 1,389
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why was off shore drilling banned in the first place?
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06-27-2008, 01:16 PM
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#25
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Join Date: Jan 2007
Posts: 5,623
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the sooner we get our OWN oil and get rid of speculation, the sooner we can have gas at a manageable price.......so what if it takes 5 years get started NOW!!!!!!!!!!
__________________
2000 Tahoe Z71 5.7
1982 Z28 Pacecar 305
1999 S10 
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