crude going up WAY UP
 

I heard a rumor that a barrel of crude went up over $10 today.

did a search on yahoo and it said $11 in 24 hrs.



https://www.thederrick.com/stories/06072008-6002.shtml

https://money.cnn.com/data/commodities/

More importantly unleaded gas went up 21 cents wholesale. There was a 16 cent drop the other day though, and we saw a 7 cent drop in gas prices yesterday at the pump. I look for a quarter jump by Monday as a result of this, though.

Wholesale gas usually goes down on Thursdays and up on Fridays, as a trend.

Look for gasoline to keep climbing until it puts the country in a depression.

You mean until "they" run out of numbers to fiddle to show we're not in a depression? :D

there's irony if the economy does move into a depression because the environmentalists(and congress) will not allow for domestic drilling of oil.

wood burning (cooking), killing of animals for food, looting, murder, stockloading guns, etc...everything the left is presumably aposed to, will be escalated.

We use about a quarter of the worlds' oil, 60% of which is imported. Since we produce 10% of the oil on the planet, we should drill 10% of the wells, right? But we don't! It's not even close! It's the fault of the wacko greens!

It's not close because we drill half the wells on the planet. For May we were over 60%. This is the Baker-Hughes count that doesn't include onshore China or Russia. Still easily half.

The US was an oil giant, from the world's first oil wells to the Texas fields that rivaled Saudi Arabia's. But we were also the first to get drilled out. You see, after you pump out a few billion gallons, it stops flowing so easily. Production has been dropping since '72, and it will never ever get there again.

I am SO tired of this meme. We drill more than anybody. If you want somebody to blame, blame the planet. It's the one that dried up.

NO sir!, i put the blame squarely on the consumer. unfortunately, altho some practice conservation, others do not. how many people have traded their gas guzzlers and/or slowed down? not enough, to be sure!

arbitrarily speaking, IF the US cut its consumption significantly, other countries growing need(lust) will still cause a crunch.

the planet is (nearly) dried up? REALLY? so the reports of deposits in alaska, the midwest, beneath ocean floors(off of coasts, north pole, etc)areas...need i go on? these reports are simple propoganda?

i'm all for alternatives, but environmentalists propogate...

nuclear power is unsafe, wind mills kill birds, solar panels are expensive, electric(batteries) is difficult to recycle. see where this goes? these same enviro people and the congressmen they lobby are out of touch w/ reality and not affected by the high price of fuel.

YES, let's prepare for the future(clean power). but let's also take care of the present. economies revolve around oil right now.

if a fully electric car was mass produced tomorrow, how many people could afford one? not me!

Just thinking about that, it seems to me that misguided insistance that the windmill blend into the environment might be to blame... if you put it on a nice big concrete or gravel pad, instead of allowing natural scrub to grow right up to the base. Then there wouldn't be any rodents for the raptors to be too busy looking for when they fly into the blades.

Agreed...there's no future without a present.

The Chevy Volt has officially been approved for production, and will run a 40 mile range without having to use its onboard generator. It supposedly will be on dealer lots for the 2010 model year and under $30,000. I was planning to buy the new $22,000 30mpg V6 Camaro, but the math may work out for me to get a Volt for another $8,000 instead. If only I could get a Voltmaro...

Hydrogen is looking good as a present-day additive as an alternative to water injection, but now there is research to this new plasma technology producing massive amounts of hydrogen...guys, we are on the forefront of some awesome new developments, and it may not be long before we get rid of fossils...IF we can get by the powers-that-be and their lust for money off of everything!

https://www.orlandosentinel.com/servi...,3863460.story

found this AFTER my last post. it seems that someone "in the know" confirms my view as valid.

altho other factors are involved,we must decrease demand and increase supply while working on alternative energy. the article does stop short of proposing new drilling however.

nice choice. wish i could afford one when the time comes.

my wife too loves camaros. can't get her to give up either of hers(see the garage). couldn't likely get enough for either of them to buy a FE car in good shape.

I didn't mean the oil will suddenly stop flowing, or no new fields will be found. I just mean that US production is down 46% since 1972 because of geology not politics. Alaska and deep Gulf wells produce huge amounts of oil, but they can't make up the decline in the older fields.

The new fields around the world will help production, but most of what they help is offsetting declining fields like the North Sea and Mexico's Cantarell. Production has been flat since 2005. There's a huge amount of oil left, but there's also a huge demand for it. There's just no guarantee they can meet demand at a reasonable price, even with lots of development.

So we'll also need to develop everything else, from conservation to nuclear.

this we agree on my friend!

don't take my view as an personal attack, it's just rediculous why nothing is being done about these high fuel costs.

many, like myself, ARE conserving while congress, elite earners, and those that do not care (the non-rich that go deeper into debt to fund their gluttonous lifestyles) are out of touch w/ the realities of simple budgeting and survival.

honestly, the fuel cost for my car is not an issue. it's the price of everything else going up that is causing my family to struggle.

BTW, the same leftist enviro morons that are blocking new drilling are blocking nuclear power as well.

I saw in today's paper that congress declined the extension of the 30% tax credit for new solar installations. So far, it's ruined my day. At a time like this, where people are finally conserving and being much less wasteful the government comes in and pulls this.

Tis' the reason I haven't turned my TV on in 8 weeks to even watch the morning news. It just ends up ruining my day.

i'm with ya! my local utility authority is expected to pass a 13% rate increase very soon. thanks for rewarding my conservation pratices!

sorry for what will be said next but...

right now, i really don't give a flip about the sensational global warming agenda. working families need a break, WE NEED TO DRILL!!!!!!

we're getting hit from all angles: utilities, groceries, taxes, etc due in large(st) part to fuel prices. i feel like calling the trash company to cancel my service and burn my garbage. and i might start wood burning my meals.

problem is, even if we start new drilling tomorrow, it's gonna take time get production of fuel up. the damage has been done.

yes, i too, am frustrated!

Another part of the problem is the fact that there has not been a new refinery built in the US since 1976. Thank the green extremists for that too: https://www.gasandoil.com/goc/news/ntn12966.htm

Take a look at the dramatic increase in gasoline imports over the last few years: https://tonto.eia.doe.gov/dnav/pet/hist/wgtimus2w.htm