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View Full Version : Oil on the Rise Again: What Else is New?



Kaleun1961
07-14-2006, 03:42 PM
I just read on my local news site that oil just hit $78 per barrel. This is not based on a real shortage of oil, just the perception that Iran might mess with the oil supply because of Israel's attack on Hezbollah. Friggin' leeches! Not the Israelis or Arabs, the stock market scums that use every sneeze in the political world to stick it to us at the pumps.

Oil up to $78 (http://news.sympatico.msn.ctv.ca/TopStories/ContentPosting.aspx?newsitemid=CTVNews%2f20060714% 2foil_mideast_060714&feedname=CTV-TOPSTORIES_V2&showbyline=True)

Kaleun1961
07-14-2006, 03:42 PM
I just read on my local news site that oil just hit $78 per barrel. This is not based on a real shortage of oil, just the perception that Iran might mess with the oil supply because of Israel's attack on Hezbollah. Friggin' leeches! Not the Israelis or Arabs, the stock market scums that use every sneeze in the political world to stick it to us at the pumps.

Oil up to $78 (http://news.sympatico.msn.ctv.ca/TopStories/ContentPosting.aspx?newsitemid=CTVNews%2f20060714% 2foil_mideast_060714&feedname=CTV-TOPSTORIES_V2&showbyline=True)

blastomatic1759
07-14-2006, 04:58 PM
rumor has it here , its going to be up to $4.00 a gallon , which is why i ended up buying a motorcycle. but for some reason im starting to get visions of some Mad Max stuff in the future , people running you off the road and stealing your gas.

Sandeu
07-14-2006, 06:55 PM
http://forums.ubi.com/images/smilies/10.gif
Did you hear Canada anounced that the Tar Sands in Northern Alberta hold the second largest reserve of oil in the world, that dosen't count the HUGE reserves known in the far North. Just expensive to get to, that is the problem. Once the Technology is developed there will be enough oil for North America for another 50 years and then we can say good by Middle East. Have your wars we don't need your black gold anymore, we got our own. Now if we can just keep the Chinese out of our resources, they have been trying to buy into Canadian resources industry for sometime now. Crafty little buggers gotta keep one eye on them

Kaleun1961
07-14-2006, 09:50 PM
Hey, what makes you think us Canucks are going to give you Yanks our oil? Um, oh yeah, you could take it if you wanted to, so I guess we'll sell it to you. http://forums.ubi.com/images/smilies/touche.gif

Every time the price of a barrel of crude goes up, it makes the viability of extracting the tarsands oil more realistic. As far as I know, Canada has the largest reserves of oil outside of the Middle East. Prudence would dictate that we keep it for ourselves, but most likely a good deal of that will go south. It's strange that we have oil in Canada but also import oil. Our eastern provinces import oil from Venezuela and perhaps the Middle East as well. It is cheaper to import it than to ship it across Canada. North-south logistics prevail in Canada; east-west can be thousands of miles. From coast to coast in Canada is about 3,500 hundred miles.

Baldricks_Mate
07-14-2006, 10:01 PM
About $7.00 US a gallon now in Aussie.

baggygreen
07-14-2006, 10:03 PM
I've heard countless times the rumours about Russia's wastelands having vast expanses of mineral wealth, but i think k61 is right in saying that at the moment Canada has got the worlds largest known reserve.

Kaleun1961
07-14-2006, 10:06 PM
Russia's in rough shape at the moment but with its vast mineral reserves, who knows what potential wealth they're sitting on? They just have to be able to develop and transport those resources and protect them from the Chinese if they get too greedy.

Ruges
07-15-2006, 05:19 AM
In the Idaho, Utah and wyoming area there are huge deposits of shell oil. Estimates have it at 1.5 times the worlds known current oil supply. However we currently lack the technology to get it out.

Foehammer-1
07-15-2006, 08:23 AM
Hmm, I dont have a car.. yet. But I feel sorry for my dad, and sometimes think of the good old days when .50 CDN per liter was considered too much. I wonder what the future will show us

blastomatic1759
07-15-2006, 07:59 PM
Mad Max ,im telling you , thats what the futures going to be like , ive been thinking about that movie here lately , if they were that worried about gas , why did they ride around in big gas sucking supercharged V8's ? i woulda been terrorizing in a geo metro or something, i might not be able to terrorize very fast , but at least i would be able to do it longer. that would be pretty funny if someone did a remake of that movie , and just put ecnonomy cars in it.

Kaleun1961
07-15-2006, 09:48 PM
Through our history we have progressed from one type of "free" energy to another. We burned wood, charcoal and coal for steam, then petroleum and nuclear fuel. I think that coal power will come back into vogue again as the petroleum runs short. Doesn't bode well for the environment, thinking about millions of people using coal again. We're getting into the situation of easy energy running out and no successor in sight. Maybe we'll develop fusion or hydrogen before the oil runs out? If not, then there will be some major changes in how we live in the advanced technology countries.

baggygreen
07-16-2006, 07:05 AM
I read today about rationing in ww2, down under we apparently used shale to make petrol, at an absolute minimum cost. Shale is something you can hardly say Australia is lacking.. perhaps it again might be a viable alternative. for the time being anyways

Kaleun1961
07-16-2006, 11:39 AM
There's still quite a bit of oil in the older fields, such as those in Texas. Using current technology when a field is tapped, it is worked up until the point the oil is too expensive to pump. The field is then retired, but there's still some oil left down there. When newer technology comes along, more of that remaining oil can be drawn out. I'm optimistic that as the price of oil goes up, it becomes worthwhile investing in the more advanced drilling technology. Still, even if you could get 100% out of a field, once it is gone, it is gone.

Worst come to worst, mankind will have to go back to the horse and buggy days before the internal combustion engine. Maybe not, for if bio-fuels and hydrogen are developed then there will be renewable fuel for cars for generations to come.

Messervy
07-16-2006, 11:52 AM
I am not a bit concerned about our ability to find new sources of energy.

However I am very concerned about how many wars we`ll have to fight for Oil Barons.

As things stand now it`s much cheaper to fight someone for oil, than to extract the one you are sittin on. http://forums.ubi.com/images/smilies/16x16_smiley-wink.gif

Baldricks_Mate
07-16-2006, 07:44 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Messervy:
I am not a bit concerned about our ability to find new sources of energy.

However I am very concerned about how many wars we`ll have to fight for Oil Barons.

As things stand now it`s much cheaper to fight someone for oil, than to extract the one you are sittin on. http://forums.ubi.com/images/smilies/16x16_smiley-wink.gif </div></BLOCKQUOTE>

Welcome to the New World Order where the Laws of Supply and Demand are manipulated by a new breed of Robber Barons. http://forums.ubi.com/images/smilies/crackwhip.gif

The_Silent_O
07-17-2006, 04:44 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by blastomatic1759:
Mad Max ,im telling you , thats what the futures going to be like , ive been thinking about that movie here lately , if they were that worried about gas , why did they ride around in big gas sucking supercharged V8's ? i woulda been terrorizing in a geo metro or something, i might not be able to terrorize very fast , but at least i would be able to do it longer. that would be pretty funny if someone did a remake of that movie , and just put ecnonomy cars in it. </div></BLOCKQUOTE>

http://forums.ubi.com/images/smilies/16x16_smiley-very-happy.gif http://forums.ubi.com/images/smilies/88.gif http://forums.ubi.com/images/smilies/16x16_smiley-very-happy.gif http://forums.ubi.com/images/smilies/88.gif

...And I'd be chasing you in a AMC Gremlin!!!!

http://www.phoenixgraphix.com/amc/7071gr.jpg

...But the first two Mad Max's were a total achievement in filmaking (and have not been equalled today). Using real cars and speeding up film speeds they were able to put what we do with CGI to shame!!!

Great movies with rewatchability!

I liked Pirates of the Carribean I, but I walked out of the second one thinking I had just seen the hidden "fourth" book in The Lord of the Rings Trilogy...

Same goes for "Das Boot" with just a few models and mockups they brought the true terror of u-boat crews to the movies (much better than this "pearl harbor" K***)

blastomatic1759
07-18-2006, 12:31 PM
http://i31.photobucket.com/albums/c379/BoattrashBill/gremlin.jpg

i couldnt help it im bored at work.

The_Silent_O
07-18-2006, 01:23 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by blastomatic1759:
http://i31.photobucket.com/albums/c379/BoattrashBill/gremlin.jpg

i couldnt help it im bored at work. </div></BLOCKQUOTE>

Where's the gunner's cupola and the bodies strapped to the front of my vehicle -- Lord Humungus also needs a PA system mounted somewhere???

...but please...no Tina Turner!

blastomatic1759
07-18-2006, 01:44 PM
thats just the first version , before they started running cars off the road and getting renoun for the upgrades , and i agree no Tina Turner , unless Ike is there to keep her in check.

Bucketlung
07-18-2006, 03:08 PM
Just so gasoline doesn't get as expensive as printer ink.

Check my math please.

This Canon ink cartridge says it holds 13 ml and I believe it cost around $14.

Isn't that around $1,077 for a liter which is $4,075 for a gallon?

If that isn't right, well if I had been on Apollo 13 I guess we wouldn't have made it home.

Sandeu
07-18-2006, 03:14 PM
Here is a few questions for you. How much are you willing to pay at the pumps before you seriously decide to change your travel habits. For example, car pool, take public transport or dust off the old bike. I'd like to know why if the price of a barrel of oil changes it is passed on to the consumer (at the pumps) in amatter of hours. But if the allmight dollar raises in value say 20 cents (ha ha, just dreaming) you won't see a difference in anything. There must be more to the price of gas than war in the middle east, no where have I read would indicate that any oil producing country has held back daily oil production.

Bucketlung
07-18-2006, 03:30 PM
I have heard what is driving up oil now is the speculative market. People are pulling their money out of the stock market and betting on oil instead.

In my opinion it is a much too serious of a commodity to allow that type of trading. If you aren't in the business then you shouldn't be able to be in the market. I have never understood why they allow commodity trading as there is way too much temptation for manipulation.