Crude Prices Skyrocket: $11 Rise in One Day

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In summary, analysts are predicting that the current trend of gas prices rising 10 cents every day will lead to an $11 dollar rise in one day. If this trend continues, it is predicted that the price of gas will reach $150 by the end of the year.
  • #106
mheslep said:
So: the EPA clearly believes uncertified vehicles and fuels are illegal, but there's some doubt about whether or not the EPA has anything to say about non-commercial products. To be safe, better not cross any state lines in your vege vehicle. :wink:

It's not mine, it's a buddies. He doesn't do any business out of state due to increased taxes. Since all business is within state, that's why he decided to convert over to veggie oil.:smile:

Actually, now that I think about it, we've taken it to Florida a couple of times since we converted it. Oh well!
 
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  • #107
Students at Unity College here in Maine have converted a diesel pickup to run on (processed) used cooking oil and there have been write-ups in local papers about the project. The school has a heavy concentration on conservation, natural resources, forestry, etc.
 
  • #108
turbo-1 said:
Students at Unity College here in Maine have converted a diesel pickup to run on (processed) used cooking oil and there have been write-ups in local papers about the project. The school has a heavy concentration on conservation, natural resources, forestry, etc.

So you won't smell like french fries while driving?
 
  • #109
Here's what the EPA did to Bonnie and Clyde for driving on vegetable oil:
http://www.vegas4locals.com/images/bc0107_1_.jpg [Broken]
 
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  • #110
Greg Bernhardt said:
So you won't smell like french fries while driving?
I think that the processing is to remove impurities and contaminants that could plug the injectors - their test vehicles probably smell like fryolater vents at fast-food joints everywhere. I think that they also blend cooking grease with used vegetable oil and are experimenting with soy oil from locally-grown soybeans.
 
  • #111
turbo-1 said:
I think that the processing is to remove impurities and contaminants that could plug the injectors - their test vehicles probably smell like fryolater vents at fast-food joints everywhere. I think that they also blend cooking grease with used vegetable oil and are experimenting with soy oil from locally-grown soybeans.

Vegetable oil that has not been transesterified [converted to biodiesel] is not an approved fuel. Nor is it a quality fuel when all is considered. I believe it is illegal [EPA] to run this in any State, but there may be exceptions.

IMO, people who run direct vegetable oil [commonly DVO] are only hurting the biofuels industry. They should just do it right and make biodiesel. DVO is shade-tree mechanic level stuff.
 
  • #112
Ivan Seeking said:
Vegetable oil that has not been transesterified [converted to biodiesel] is not an approved fuel. Nor is it a quality fuel when all is considered. I believe it is illegal [EPA] to run this in any State, but there may be exceptions.

IMO, people who run direct vegetable oil [commonly DVO] are only hurting the biofuels industry. They should just do it right and make biodiesel. DVO is shade-tree mechanic level stuff.
These kids have been making biodiesel for years - they're not simply filtering used oil-grease and fueling vehicles with it. They have a pilot plant producing fuel for their vehicles.
 
  • #113
turbo-1 said:
These kids have been making biodiesel for years - they're not simply filtering used oil-grease and fueling vehicles with it. They have a pilot plant producing fuel for their vehicles.

Ah, there is still a large DVO crowd, and many people don't realize that there is a difference.

Btw, I accidentally edited your post instead of quoting, but it has been corrected.
 
  • #114
I think you might like the Unity College kids, Ivan. Most are avid fishermen and hunters and are fairly conservative on social issues, which fits nicely with the college's concentration on the conservation and husbandry of natural resources. One of my oldest friends is (now retired) chief of the Maine Warden Service. His son graduated from Unity, applied for law enforcement training at the state's academy, and is a game warden. His coastal posting has allowed him to crew on a lobster boat with an older lobsterman in his spare time, and make some extra money while learning the trade. He has his own (smaller) boat for commercial fishing, but gas prices are pinching him so that's on hold for now.
 
<h2>1. What caused the sudden $11 rise in crude oil prices in one day?</h2><p>There are several factors that can contribute to a sudden increase in crude oil prices, including supply and demand, geopolitical events, and market speculation. In this particular case, the rise in prices may have been caused by a combination of factors, such as disruptions in oil production, changes in global demand, and tensions in the Middle East.</p><h2>2. How will the increase in crude oil prices affect the economy?</h2><p>The impact of rising crude oil prices on the economy can vary depending on the specific circumstances. Generally, an increase in prices can lead to higher costs for businesses and consumers, which can result in inflation and a decrease in consumer spending. However, it can also benefit oil-producing countries and companies, leading to economic growth and increased profits.</p><h2>3. Will the rise in crude oil prices continue or is it just a temporary spike?</h2><p>It is difficult to predict the future of crude oil prices, as they are influenced by numerous factors. While some experts believe that the rise in prices may be temporary, others suggest that it could be a long-term trend. It is important to closely monitor market trends and events to better understand the potential trajectory of crude oil prices.</p><h2>4. How do crude oil prices impact the environment?</h2><p>Crude oil prices can have a significant impact on the environment, as they can influence the production and consumption of fossil fuels. Higher prices can incentivize the development of alternative energy sources and technologies, while lower prices can make it more difficult for these alternatives to compete. Additionally, the extraction and use of crude oil can also have negative environmental effects.</p><h2>5. What can be done to stabilize crude oil prices?</h2><p>There is no easy solution to stabilizing crude oil prices, as they are affected by a complex mix of economic, political, and environmental factors. Some suggest increasing domestic production or investing in renewable energy sources to reduce reliance on oil. Others propose implementing policies to regulate market speculation and address supply and demand imbalances. Ultimately, a combination of approaches may be necessary to achieve more stable crude oil prices.</p>

1. What caused the sudden $11 rise in crude oil prices in one day?

There are several factors that can contribute to a sudden increase in crude oil prices, including supply and demand, geopolitical events, and market speculation. In this particular case, the rise in prices may have been caused by a combination of factors, such as disruptions in oil production, changes in global demand, and tensions in the Middle East.

2. How will the increase in crude oil prices affect the economy?

The impact of rising crude oil prices on the economy can vary depending on the specific circumstances. Generally, an increase in prices can lead to higher costs for businesses and consumers, which can result in inflation and a decrease in consumer spending. However, it can also benefit oil-producing countries and companies, leading to economic growth and increased profits.

3. Will the rise in crude oil prices continue or is it just a temporary spike?

It is difficult to predict the future of crude oil prices, as they are influenced by numerous factors. While some experts believe that the rise in prices may be temporary, others suggest that it could be a long-term trend. It is important to closely monitor market trends and events to better understand the potential trajectory of crude oil prices.

4. How do crude oil prices impact the environment?

Crude oil prices can have a significant impact on the environment, as they can influence the production and consumption of fossil fuels. Higher prices can incentivize the development of alternative energy sources and technologies, while lower prices can make it more difficult for these alternatives to compete. Additionally, the extraction and use of crude oil can also have negative environmental effects.

5. What can be done to stabilize crude oil prices?

There is no easy solution to stabilizing crude oil prices, as they are affected by a complex mix of economic, political, and environmental factors. Some suggest increasing domestic production or investing in renewable energy sources to reduce reliance on oil. Others propose implementing policies to regulate market speculation and address supply and demand imbalances. Ultimately, a combination of approaches may be necessary to achieve more stable crude oil prices.

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