Gas...

[Images 0]

Now THAT ride is pimpin'.

[Dumbass 0]

Oh, I smell another caption contest in the works here.

[eagle 0]

Oh, I smell another caption contest in the works here.

for sure, and you know thats not all that driver is smelling......phewww.. :D :blink:

[Quv 0]

 

"HEY IDIOT... WE JUST MISSED THE EXIT... TURN AROUND....."

 

 

 

Dac.... i just googled for a mountain bike..... I have a Huffy from K-mart... I just oiled the chain and pumped up the tires yesterday.

[Grom 0]

There is actually very little the government can do about gas prices, short of price setting. Yes I know..."we can go drill in ANWR," but that's only a short term and likely not a fix at all. ANWR contains some oil, but not in the huge quantaities that we need to get to it, not to mention it's not exactly cheap to run a pipeline in the middle of nowhere Alaska. Geologists estimate that even if they do find large enough deposits of Oil in ANWR to justify drilling, it will only be a small amount when compared to the overall US Consumption.

I think that drilling in the ANWR is one of the smartest decisions that we can make, not just because of its projected 50-year supply (at maximum output), but for the impact that a powerful new entry to the market would cause. The only reason that OPEC and other providers can get away with $60+ prices for a barrel for oil is because they know that there's a high demand for their product. At this point Americans are still willing to pay for gas, even at $2.80 a gallon. If ANWR entered the market, companies like OPEC and others would be forced to either lower prices or lose business. Since companies do not like to lose business it is only logical to conclude that OPEC would lower their prices, thereby ensuring that the ANWR would never be pushed at its maximum output rate.

 

But then again maybe I should leave this to the resident economist. ::looks at Van Roy::

[Travis Kroells 0]

(has about 50 things he dare not say)

[Nemesis 0]

I think that drilling in the ANWR is one of the smartest decisions that we can make, not just because of its projected 50-year supply (at maximum output), but for the impact that a powerful new entry to the market would cause. The only reason that OPEC and other providers can get away with $60+ prices for a barrel for oil is because they know that there's a high demand for their product. At this point Americans are still willing to pay for gas, even at $2.80 a gallon. If ANWR entered the market, companies like OPEC and others would be forced to either lower prices or lose business. Since companies do not like to lose business it is only logical to conclude that OPEC would lower their prices, thereby ensuring that the ANWR would never be pushed at its maximum output rate.

 

But then again maybe I should leave this to the resident economist. ::looks at Van Roy::

Van Roy, is an accountant for a private company, not a global economist :D Too many factors for anyone in this forum to actually know the truth because there is so much we don't know and aren't allowed to know.

[Dumbass 0]

Van Roy, is an accountant for a private company, not a global economist :D Too many factors for anyone in this forum to actually know the truth because there is so much we don't know and aren't allowed to know.

Yes, I am an accountant for a private company (which has locations in 35 countries on 6 continents), but I also hold a Bachelors of Science in Economics.

 

First off, OPEC is a cartel, or a group of organizations (in this case governments) who band together for the purpose of forming a monopoly (or near monopoly) and manipulating prices. OPEC is not a company, but then you don't need to be a company to wield monopoly power. Unions do it all the time.

 

The thing about cartels, whether they be based on the selling of drugs or coffee or oil, is that they are inherently unstable. Sooner or later one of the member organizations finds it in their interests to break from the cartel's pricing scheme, sell their goods or services at something closer to a market-clearing rate, and capture market share from the remaining cartel operatives.

 

Of course the opening up of ANWR for drilling, or increased oil production in countries like Russia or Venezuela, could hasten the process. Monopolies do not "set" prices per se. What they do is limit production which has the effect of driving the price up. The key to breaking monopoly power is to find alternate sources of production. With oil this could be through the use of alternative fuels or by increasing the number of oil suppliers.

Edited August 20, 2005 by Dumbass

[eagle 0]

excellent point cmdr........however.....(here we go again).......

 

A. multi fuel capable vehicles have been around for many years: ref: german army

in ww2 used multi fuel vehicles pretty extensively due to dubious sources available.

 

B. As of 01/JAN/05.......we are working to contract crude from russia via a ""pipe line

tie in"" in the region of the northern us/russian territores where they practically join

off shore.......in theory this should help build the russian economy and reduce the usa

expenditures/dependence on crude from other int,l sources we currently purchase from

...in theory mind you,.reality ...thats another thing in itself.

 

C: E-85 will not burn in some older vehicles w/o poss. causing substansive damage

...case in point ........my 1984 Dodge Ram pick up...........that i refuse to get rid of,...

i like and enjoy being able to work on my own vehicle instead of being subject to the

whims and mercy of Mr.Goodwrench....

 

D: my car can run on E-85...(newer model)....but there is no reason why it should have

to .....i remember the so called ""gas/fuel shortage" of the 70,s...WAS NOT REAL..

it was an excellent way for opec and others to drive the price of crude up however

ref:new orleans news (of that time period) tankers backed up in the ports ready to unload, but unable to due to "orders" otherwise....this means=price up=unload.

::steps down from soap box and t/o to another:: :D

agreed..... :blink:

[eagle 0]

Yes, I am an accountant for a private company (which has locations in 35 countries on 6 continents), but I also hold a Bachelors of Science in Economics.

 

First off, OPEC is a cartel, or a group of organizations (in this case governments) who band together for the purpose of forming a monopoly (or near monopoly) and manipulating prices. OPEC is not a company, but then you don't need to be a company to wield monopoly power. Unions do it all the time.

 

The thing about cartels, whether they be based on the selling of drugs or coffee or oil, is that they are inherently unstable. Sooner or later one of the member organizations finds it in their interests to break from the cartel's pricing scheme, sell their goods or services at something closer to a market-clearing rate, and capture market share from the remaining cartel operatives.

 

Of course the opening up of ANWR for drilling, or increased oil production in countries like Russia or Venezuela, could hasten the process. Monopolies do not "set" prices per se. What they do is limit production which has the effect of driving the price up. The key to breaking monopoly power is to find alternate sources of production. With oil this could be through the use of alternative fuels or by increasing the number of oil suppliers.

agreed... :D