Whats wild is I found an old receipt behind a dresser recently. gas was $0.91/gal. the saddest part about this.... it was only 10 years ago. sept. of 01. this whole inflation thing is starting to look exponential and i'm not likin it.
Our attitude toward money
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Illinoisdmax
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treman said:
Agreed
OP
JDgreen227
Super Member
I would have thought you miserly, penny pinching Scottish guys would be upset at the cost of things today...not laughing.
brin
Super Member
We just bought gas at $2.96 a gal for unleaded and some would think that to be a good deal...yet in 2003 it was $1.67 a gal...
What they are doing , the powers that be, is just gradually bleeding us...they are slowly convincing us to pay the higher price and they run it up periodically to over $4.00 just to make the Lemming masses praise them when it falls into the low $3.00 or lower..
I am not falling for it...We should be drilling everywhere there is to drill...This alternative energy is decades away from working..if then..WE need to stop fighting wars over oil we have right here.
sandman2234
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I wonder if "drilling" is the answer, because where are we going to refine it at? Nobody wants a refinery in their backyard, much like a nuclear power plant, and a lot of the existing refineries seem to be getting old from the chatter I hear.
Where is the oil we are currently pumping out of Alaska going? Rumor I heard was it was heading for Japan, who pays more for it than we do, so the oil companies sell it to them. What needs to happen is the oil here needs to stay here, first and foremost, to fuel future generations till it runs out. If we start using OUR oil, then the other suppliers are just going to change customers, which is what is currently causing our price increase. China is burning more and more fuel, demanding more and more, so the price goes up with the increase in demand. Allowing the producers to control how much they pump as a group limits overall production, thereby keeping the price down. Why should they pump more and force the price down, when they can make the same money off less? Probably learned that trick from the diamond mine owners, lol.
We can drill and pump our own, but they will just limit how much they pump, keeping the price up till we use up our supply, then they have us in a position of just what they want.
Being able to control the supply will always keep the price up. The only way to drop the price over the long haul if the supply is limited, is to decrease the demand to a point where the supply can't live on what people are willing to pay, then they increase the supply, which kicks the price down even more. Only realistic way to do that, in the big scheme of things is to find an alternate fuel source. If we could burn water as fuel, their oil would be worthless and they would be poor buying our wheat in a hurry. If wheat suppliers joined together and put a 500 % increase on all exported wheat, from all wheat producing countries, the non producing countries would get hungry or pay the price. We could reduce the supply because the farmers could live off the income of less bushels sold, but our good nature keeps us from doing that. In reality that is what the oil countries are doing to us.
Rant off....
David from jax
Where is the oil we are currently pumping out of Alaska going? Rumor I heard was it was heading for Japan, who pays more for it than we do, so the oil companies sell it to them. What needs to happen is the oil here needs to stay here, first and foremost, to fuel future generations till it runs out. If we start using OUR oil, then the other suppliers are just going to change customers, which is what is currently causing our price increase. China is burning more and more fuel, demanding more and more, so the price goes up with the increase in demand. Allowing the producers to control how much they pump as a group limits overall production, thereby keeping the price down. Why should they pump more and force the price down, when they can make the same money off less? Probably learned that trick from the diamond mine owners, lol.
We can drill and pump our own, but they will just limit how much they pump, keeping the price up till we use up our supply, then they have us in a position of just what they want.
Being able to control the supply will always keep the price up. The only way to drop the price over the long haul if the supply is limited, is to decrease the demand to a point where the supply can't live on what people are willing to pay, then they increase the supply, which kicks the price down even more. Only realistic way to do that, in the big scheme of things is to find an alternate fuel source. If we could burn water as fuel, their oil would be worthless and they would be poor buying our wheat in a hurry. If wheat suppliers joined together and put a 500 % increase on all exported wheat, from all wheat producing countries, the non producing countries would get hungry or pay the price. We could reduce the supply because the farmers could live off the income of less bushels sold, but our good nature keeps us from doing that. In reality that is what the oil countries are doing to us.
Rant off....
David from jax
rasimmo
Gold Member
That oil from Alaska is not coming south because there is no pipeline. There was a big push to build one, but that was stopped.
If you made a product and I would pay you $5 dollars for it and the guy across town would pay $7, you would sell it to him. I think most companies are in business to make the most profit on their products.
sandman2234
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I don't think there is a pipeline from the middle east to the USA, or from Alaska to Japan last I checked, either.
Selling to the highest bidder is what is driving the price up, the $7 buyers are driving our price up, and they have the manufacturing to make the money to be able to afford the luxury of a higher price oil. (they have the JOBS)...so what your saying, is absolutely true, our price is being driven up by others. We need to NOT drill, but to change at least a large part of our use to something else.
WHY are we lighting streets, using oil to fuel the process? Only to waste a resource that is already in question, or to just increase the demand? We need to GET SMARTER, not drill more! I am no economics major, but this in reality is common sense. Happens in all fields of commerce, supply and demand run hand in hand.
David from jax
Selling to the highest bidder is what is driving the price up, the $7 buyers are driving our price up, and they have the manufacturing to make the money to be able to afford the luxury of a higher price oil. (they have the JOBS)...so what your saying, is absolutely true, our price is being driven up by others. We need to NOT drill, but to change at least a large part of our use to something else.
WHY are we lighting streets, using oil to fuel the process? Only to waste a resource that is already in question, or to just increase the demand? We need to GET SMARTER, not drill more! I am no economics major, but this in reality is common sense. Happens in all fields of commerce, supply and demand run hand in hand.
David from jax
sandman2234
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In any conversation about oil, change the word oil for some other commodity and see if there is anything else that controls it rather than simple supply and demand.
Granted, in the short run if we drill, drill, drill, we will be able to drop the price by simply increasing the supply, but if we increase our production and the others decrease their pumping, what have we done except decrease our ability to control it in the future? They supply too large a percentage of oil to the world for us to able to control it for very long at the worlds current usage. We can probably pump enough to supply ourselves for many years, but why should the oil companies pump our oil and refine it and sell it to us at a reduced price? We are going to have to pay the world price for oil if we want to buy it and as long as the major players in the supply chain can control the price by how much they pump, they will. We can become a major player in a hurry by simply drill, drill, drill, but I think there are other factors to be concerned with.
How about our 12 mile border which allows other countries to drill off the coast of our country? How many of them have 200 mile borders, yet don't hesitate to drill off our coast? We need to protect what we have, also...
David from jax
Just for the record, I am not opposed to drilling, however I would really be happy to watch the middle east pump all of their oil reserves out and we be left with ours, rather than the other way around.
David
Granted, in the short run if we drill, drill, drill, we will be able to drop the price by simply increasing the supply, but if we increase our production and the others decrease their pumping, what have we done except decrease our ability to control it in the future? They supply too large a percentage of oil to the world for us to able to control it for very long at the worlds current usage. We can probably pump enough to supply ourselves for many years, but why should the oil companies pump our oil and refine it and sell it to us at a reduced price? We are going to have to pay the world price for oil if we want to buy it and as long as the major players in the supply chain can control the price by how much they pump, they will. We can become a major player in a hurry by simply drill, drill, drill, but I think there are other factors to be concerned with.
How about our 12 mile border which allows other countries to drill off the coast of our country? How many of them have 200 mile borders, yet don't hesitate to drill off our coast? We need to protect what we have, also...
David from jax
Just for the record, I am not opposed to drilling, however I would really be happy to watch the middle east pump all of their oil reserves out and we be left with ours, rather than the other way around.
David
rasimmo
Gold Member
I agree that we need other energy sources. I do not think we should be force fed unproven ones that drive the cost of other commodities up. I just believe that a reliable, cost effective option of renewable energy is not avaliable at this time. That is a long way off. We need to make the most of all the energy sources we have. Coal, natural gas, wind, crude, ethanol, hydro, and nuclear are all capable of being improved on. I work in the oil industry, but I do not believe that is the only one we need to develop.
Uncle Doug
Gold Member
People can moan and groan about how bad things are now but last time I checked most people (kids included) still have cell phones (with internet), home internet, cable or satilite TV, 2 or 3 cars per family. Still lining up to pay over $100 for a pair of retro shoes. Last time I checked the thrift store sold retro shoes.
Most people have not had to give up these perks that were not even around 35 years ago.
Most people have not had to give up these perks that were not even around 35 years ago.