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Yep, £70. For you yanks that's about $140. And it's only a moderate saloon car.
Grrrrrr. Time to start shopping for biodiesel.
Grrrrrr. Time to start shopping for biodiesel.
Yep, £70. For you yanks that's about $140. And it's only a moderate saloon car.
Grrrrrr. Time to start shopping for biodiesel.
Problem, Woolie. Availability is one, and diesel that is $1 more per gallon than gas.
Problem, Woolie. Availability is one, and diesel that is $1 more per gallon than gas.
Why is gas so expensive? They are finding more and more reserves all the time.
They found some in Iraq not too long ago, and a bunch more is in Alaska too.
Whats a strike have to do with finding crude oil?
Why is gas so expensive? They are finding more and more reserves all the time.
You can buy a scooter. Get a 50cc model and you can get 90-110mpg!
Downhills are useful since modern petrol engines use no fuel if you coast in gear.
Supposedly gasoline prices are high because of a shortage of crude, yet I have not seen a single station that was out of gas.
I have a 5 part hybrid idea that will get us all 200 mpg if you are all willing to send me $3 a piece?
The cars only weigh about 500 lbs apiece, but are quite dry in monsoons.
And they float!
sorry...
What is it? A rowboat?![]()
Why is gas so expensive? They are finding more and more reserves all the time.
They found some in Iraq not too long ago, and a bunch more is in Alaska too. Drill it up!
http://ap.google.com/article/ALeqM5jjfzogTbuKqVbYSPLPvAodaTOUyAD901P5P00 [Broken]Brazil Oil Field Could Be Huge Find
By ALAN CLENDENNING – Apr 14, 2008
SAO PAULO, Brazil (AP) — A deep-water exploration area off Brazil's coast could contain as much as 33 billion barrels of oil, the head of Brazil's National Petroleum Agency said Monday. That would make it the world's third-largest known oil reserve..
Gas is absurd. In Alaska which is a beautifully cheap and wise purchase on Americas part has tons of gas. As far as I'm concerned they have more then you think and most of it is for military use if things ever got bad enough in the other parts of the world. Imagine America fighting a war if no country sells us any gas, we need the reserves!
I think that's also a reasonable assumption. I think it's also why companies like Exxon are buying up these clean energy technologies, partly so they still have a business when demand switches from fossil fuels to clean energy, and partly so they can control the timing of its release. If they own the patents/exclusive licenses, nobody else can start selling it before they're done squeezing every drop of profit they can get from oil. It's the same tactic pharmaceutical companies will use to buy up an exclusive license on a potential competing product and hold onto it until their product goes generic, then release the new money-maker.On a separate note one wonders how much the current price of oil is being fueled by all the talk of alternative clean fuels. It seems plausible that the oil producing countries and oil companies are raking in as much as they can before their product becomes obsolete.
It would seem the oil producers are hold back letting demand keep ahead of supply, which will keep a steady upward pressure on oil prices. Why should they produce more when they can just sit back and rake in the money? Brasil's new find will take several years to develop.As oil prices soared to record levels in recent years, basic economics suggested that consumption would fall and supplies would rise as producers drilled for more oil.
But as prices flirt with $120 a barrel, many energy experts are becoming worried that neither seems to be happening. Higher prices have done little to suppress global demand or attract new production, and the resulting mismatch has sent oil prices ever higher.
That has translated into more pain at the pump, with gasoline setting a fresh record of $3.60 a gallon nationwide on Monday. Experts expect prices above $4 a gallon this summer, and one analyst recently predicted that gasoline could reach $7 in the next four years.
A central reason that oil supplies are not rising much is that major producers outside the OPEC cartel, like Russia, Mexico and Norway, are showing troubling signs of sluggishness. Unlike OPEC, whose explicit goal is to regulate the supply of oil to keep prices up, these countries are the free traders of the oil market, with every incentive to produce flat-out at a time of high prices.
Oil Price Rise Fails to Open Tap
http://www.nytimes.com/2008/04/29/business/worldbusiness/29oil.html
It would seem the oil producers are hold back letting demand keep ahead of supply, which will keep a steady upward pressure on oil prices. Why should they produce more when they can just sit back and rake in the money? Brasil's new find will take several years to develop.