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Old 08-31-2005, 09:20 AM   #1 (permalink)
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Default God Damnit!

Fricken drove by the gas station this morning.... $3.25 for gas. It was 2.87 yesterday....WTF!

Stupid Hurricane Katrina!
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Old 08-31-2005, 09:22 AM   #2 (permalink)
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holy shit! this is gonna get nuts...
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Old 08-31-2005, 09:53 AM   #3 (permalink)
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If you ask me... It was crazy the second prices broke the $2.00 plateau.

Now it's clinicly insane.
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Old 08-31-2005, 10:08 AM   #4 (permalink)
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I'm especially worried about opening up the oil reserves. Bush approved it this morning; I'm not sure what else has to happen before we open them. That seems like a ridiculous move, because it won't help gas prices at all. Our refineries are down, so it doesn't matter how much crude we have--if we can't turn it into unleaded gas, prices will stay high. We won't alleviate the consumer burden at all; we're basically loaning oil to the oil companies while their rigs are offline. What a surprise, Bush is doing a favor for the oil companies at the expense of national security.
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Old 08-31-2005, 10:46 AM   #5 (permalink)
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Was just reading that prices are already expected to easily top $4 a gallon not too far down the road....
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Old 08-31-2005, 10:56 AM   #6 (permalink)
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Quote:
Originally Posted by southGAg35
Was just reading that prices are already expected to easily top $4 a gallon not too far down the road....
thats what i heard last night. INSANE!
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Old 08-31-2005, 11:00 AM   #7 (permalink)
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It's the end of the world! Seriously, this even will have repurcussions throughout the country for some time. BTW, there are oil refineries outside of Louisiana (California, for example) so releasing crude oil from the Strategic Oil Supply (or whatever they call it) should provide some relief
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Old 08-31-2005, 11:01 AM   #8 (permalink)
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Originally Posted by Lardoggy
BTW, there are oil refineries outside of Louisiana (California, for example) so releasing crude oil from the Strategic Oil Supply (or whatever they call it) should provide some relief
True, but the figure I heard this morning is that 80% of our refining capability is offline.
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Old 08-31-2005, 11:28 AM   #9 (permalink)
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Default Re: God Damnit!

Quote:
Originally Posted by partyman66
Stupid Hurricane Katrina!
B!TCH!!!!
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Old 08-31-2005, 11:32 AM   #10 (permalink)
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Quote:
Originally Posted by struan87
I'm especially worried about opening up the oil reserves. Bush approved it this morning; I'm not sure what else has to happen before we open them. That seems like a ridiculous move, because it won't help gas prices at all. Our refineries are down, so it doesn't matter how much crude we have--if we can't turn it into unleaded gas, prices will stay high. We won't alleviate the consumer burden at all; we're basically loaning oil to the oil companies while their rigs are offline. What a surprise, Bush is doing a favor for the oil companies at the expense of national security.
+1

Man I cannot believe I'm agreeing with Stru on this one. However I think we need to bite the bullet and pay. I'm all for using someone else's oil up and keeping our (national reserve) supply usage at a minimum.
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Old 08-31-2005, 11:45 AM   #11 (permalink)
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Originally Posted by GZire
Man I cannot believe I'm agreeing with Stru on this one.
Hey, I had to get lucky sometime
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Old 08-31-2005, 02:03 PM   #12 (permalink)
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Quote:
Originally Posted by GZire
Quote:
Originally Posted by struan87
I'm especially worried about opening up the oil reserves. Bush approved it this morning; I'm not sure what else has to happen before we open them. That seems like a ridiculous move, because it won't help gas prices at all. Our refineries are down, so it doesn't matter how much crude we have--if we can't turn it into unleaded gas, prices will stay high. We won't alleviate the consumer burden at all; we're basically loaning oil to the oil companies while their rigs are offline. What a surprise, Bush is doing a favor for the oil companies at the expense of national security.
+1

Man I cannot believe I'm agreeing with Stru on this one. However I think we need to bite the bullet and pay. I'm all for using someone else's oil up and keeping our (national reserve) supply usage at a minimum.
+2

I can't believe that I'm agreeing with Stru too. In addition, I think that we need to quickly work to build some additional refineries (that are more efficient) and drill into Alaska or anywhere else that we can find oil on our own soil.

From what I understand (please correct me if I'm wrong), we ship some of the oil from Alaska to Japan rather than keeping it for ourselves. This makes absolutely no sense to me. We need to take care of ourselves and help Japan and others only when we feel that we are well supplied.
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Old 08-31-2005, 03:25 PM   #13 (permalink)
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Originally Posted by ckforensic
From what I understand (please correct me if I'm wrong), we ship some of the oil from Alaska to Japan rather than keeping it for ourselves. This makes absolutely no sense to me.
They probably pay a lot more for it than we would. It's not the government's oil, it belongs to private companies who have every right to seek the highest price they can get.
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Old 08-31-2005, 04:18 PM   #14 (permalink)
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Quote:
Originally Posted by struan87
Quote:
Originally Posted by ckforensic
From what I understand (please correct me if I'm wrong), we ship some of the oil from Alaska to Japan rather than keeping it for ourselves. This makes absolutely no sense to me.
They probably pay a lot more for it than we would. It's not the government's oil, it belongs to private companies who have every right to seek the highest price they can get.
Yeah, that's a good point. You're probably right. Let's just hope that the government will step in if the situation becomes critical (well, at least more critical ).
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Old 08-31-2005, 04:39 PM   #15 (permalink)
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Originally Posted by ckforensic
Let's just hope that the government will step in if the situation becomes critical (well, at least more critical ).
I disagree. The government doesn't have the right to tell a company who they can and can't sell to, especially if it's just to protect consumers or companies from market forces. If the government decides this is a security issue, then they should buy the oil at a fair price and sequester it, as they have done with the strategic reserve.
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