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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on June 06, 2008, 01:17:55 PM
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After some people got all giddy about oil dropping the last few days,
The oil price reached a new record of more than $138 a barrel after a report suggested it could reach $150 by July amid rising geopolitical tensions.
Crude oil in New York gained more than $10 to hit $138.54 a barrel.
The rise came as US shares fell sharply in response to unemployment figures reaching 5.9%, a four-year high.
Increased demand by China and India is also pushing up oil prices along with the weaker dollar, which has made commodities an attractive investment.
Crude oil hit a record high of $135 a barrel last month.
The BBC's North America Editor, Justin Webb, says the gloomy figures are a reminder to all Americans that the nation faces serious economic problems and perhaps even a recession
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The sole reason for this is the speculation that the European Union will be raising their interest rate while America holds theirs the same.
The climb actually started yesterday.
The US unemployment states in the past would have pushed down oil prices. However many big investors are using commodities to protect their money.
Any other excuse is crap.
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Energy ministers from five major oil consuming countries, including China, Japan and the United States, are poised to voice their sense of crisis over skyrocketing fuel prices when they meet in the northeastern Japanese city of Aomori on Saturday.
The five countries, the three plus India and South Korea, will mainly discuss how to rein in crude oil prices, which have more than doubled since the start of 2007 and briefly topped $139 a barrel the previous day in New York, ahead of Sunday's Group of Eight energy ministers meeting in the same city, Japanese officials said.
The five countries together consume about half of the world's energy demand. The officials said the countries are expected to call on oil producers to provide the turbulent oil market assurances that demand will not surpass supply in the future.
As to what consumers can do to address the impact of soaring oil prices, the five countries are likely to underscore the importance of adopting more alternative energy sources and energy-saving measures, the officials said.
The countries are also expected to agree on the need to enhance emergency measures, the officials said.
As part of initiatives to meet this goal, China and India's intentions to work more closely with the International Energy Agency are likely to be expressed in a statement, due out later in the day after the end of the one-day meeting.
The IEA requires its 27 member countries to have oil stocks equivalent to at least 90 days of net oil imports and release them in the event of a major oil supply disruption.
China and India are not part of the IEA, founded by industrialized countries in 1974 in the wake of the first oil crisis.
But Japan, South Korea and the United States, as well as other countries, see that the two fast-growing economies' active involvement in steps to respond to oil supply disruptions is crucial.
China and India together account for nearly half of the entire expansion in world energy demand between 2005 and 2030, and China will overtake the United States to become the world's largest consumer of energy by around 2010, according to the Paris-based agency.
The first energy meeting of the five major oil-consuming countries was hosted by China in 2006. As the countries found that this sort of framework was useful to exchange the latest views on energy issues, Japan decided to organize their second meeting prior to the energy meeting Sunday of G-8 industrialized countries -- Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.
China, India and South Korea are invited to take part in the G-8 energy meeting, also to be held for the first time since 2006.
Discussions at the Aomori meeting will be reflected in the summit of the G-8 major powers to be held in Japan's Hokkaido on July 7-9, whose major agenda items will include global warming, oil prices and other energy issues.
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The easy part is for us to cut back our usage for gasoline. The hard part is that food costs are rising from the fuel. We NEED food. Most of us could find otherways to get around,tho.
Rising FOOD cost is what will cause a mutiny in america soon.......
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We can't just cut back our usage of gas, that makes little sense. Remember, all shipping and industry prices are going up. Its not just the gas you personally consume. Oil prices affect almost all business and prices.
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We can't just cut back our usage of gas, that makes little sense. Remember, all shipping and industry prices are going up. Its not just the gas you personally consume. Oil prices affect almost all business and prices.
Yes we can.
Guys, if you think this is bad stay tuned.
In China, there are about maybe 300,000,000 oil consumers living in the big cities etc, ...but there are about 900,000,000 who are about to come into the 21st century. If you think there's pressure now, ...wait until 900,000,000 Chinese hit the system all at once. That's 900 Million NEW oil consumers
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Yes we can.
Guys, if you think this is bad stay tuned.
In China, there are about maybe 300,000,000 oil consumers living in the big cities etc, ...but there are about 900,000,000 who are about to come into the 21st century. If you think there's pressure now, ...wait until 900,000,000 Chinese hit the system all at once. That's 900 Million NEW oil consumers
That is some scary shit. Lets get hh6 over there to bust a move on them!! :o
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Yes we can.
Guys, if you think this is bad stay tuned.
In China, there are about maybe 300,000,000 oil consumers living in the big cities etc, ...but there are about 900,000,000 who are about to come into the 21st century. If you think there's pressure now, ...wait until 900,000,000 Chinese hit the system all at once. That's 900 Million NEW oil consumers
Hurry up and Pre-Order your MPG Caps while supplies last !!
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Bicycles.... ;D
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Bicycles.... ;D
I am seeing alot more of those on the road. This is not a bad thing for sure. 8)
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Hurry up and Pre-Order your MPG Caps while supplies last !!
Laugh all you want, ...our Canadian warehouse is on backorder for the mega-crumbs (the pre-crushed version)
When consumers pay $100.oo for something that results in a $2,000.oo savings over 30 days, they don't have to think twice to re-purchase it over & over & over again. How many of you have bank accounts where you can deposit $100.oo, and return a month later to find $2,000.oo in there?
This isn't even taking into account the free gasoline or diesel fuel available, ...but that's only for distributors (http://www.jaguarenterprises.net/images/em/whistle.gif)
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Laugh all you want, ...our Canadian warehouse is on backorder for the mega-crumbs (the pre-crushed version)
When consumers pay $100.oo for something that results in a $2,000.oo savings over 30 days, they don't have to think twice to re-purchase it over & over & over again. How many of you have bank accounts where you can deposit $100.oo, and return a month later to find $2,000.oo in there?
This isn't even taking into account the free gasoline or diesel fuel available, ...but that's only for distributors (http://www.jaguarenterprises.net/images/em/whistle.gif)
It doesn't result in that kind of savings. Reminds me of the twisted math you see on real estate infomercials.
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That is some scary shit. Lets get hh6 over there to bust a move on them!! :o
Okay, that killed me, literally ROFL ;D
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You think the prospect of HH6 getting his ass kicked by a bunch of peasant revolutionaries armed with scythes and wearing straw hats is funny, CQ?
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It doesn't result in that kind of savings. Reminds me of the twisted math you see on real estate infomercials.
Yes it does. I know. I have many customers on the product and we track mileage & fuel receipts.
That's just conservative numbers based on a mere 15% mileage inrease. Average increase is between 20 - 30%.
In stationary units, we're seeing reduced fuel consumption of well over 40%. Deisel is $5.64 a gallon here
Whether you use the Canadian price of $5.64 a gallon, or the US national average of $4.60, do the math.
A $2,000.oo savings is what you get when someone can travel the same distance but requires 450 gallons less fuel to do it.
Take an independent owner operator saving over $2 grand a month, ...that adds up to over $24,000 a year.
$24,000 a year added to your bottom line makes a huge difference. That's owning a home instead of renting. That's paying off a mortgage in record time. That's sending the kid(s) to a private school, instead of a public one. That's a 2nd vehicle in the household AND the money to pay for the gas to run that vehicle. It's health insurance for the uninsured. It's more money than many American's live on all year. It's $24,000 a year.
I don't know about YOU, but most people I know would rather put $24,000 in their bank, rather than in their tank.
Rex Tillotsen has a big enough house as it is, and prolly doesn't need another RollsRoyce or uniformed chauffeur.
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You think the prospect of HH6 getting his ass kicked by a bunch of peasant revolutionaries armed with scythes and wearing straw hats is funny, CQ?
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Ok, that visual is cracking me up.
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And US dollar at record low.
How long until the Canadian dollar is higher?
My bet is that it's a matter of weeks.
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And US dollar at record low.
How long until the Canadian dollar is higher?
My bet is that it's a matter of weeks.
It goes back & forth. These days, ...it's pretty much accepted at par because you lose at the bank during conversion regardless of which one is up. Currently $1 Cdn = $0.977 US
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dude this = gay
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Jag, agreeing on the issue...but Obama asking Americans to drive less is not the answer and 'conserve'. This does not affect the cost of business or business travel. The only permanent solution is alternative energy/fuels. If there really is something that increases fuel efficiency by 30% then it should be all over the science mags and the public needs to know.
We should be demanding higher fuel efficiency of our automobile makers. We see plummeting SUV sales but its not affecting oil prices. We really can't drive less, we don't have compact efficient cities as in Europe. The demand is increasing all across the world, not just the US and Canada.
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Jag, agreeing on the issue...but Obama asking Americans to drive less is not the answer and 'conserve'.
I'm not saying that people should "drive less". I understand that in some circumstances, it is impossible for people to drive less. What I propose is for people to "consume less". it IS very possible for people to "consume less" fuel, ...even while driving more.
This does not affect the cost of business or business travel. The only permanent solution is alternative energy/fuels.
Oh I am well aware of how this affects business & business travel. I'm dealing with it everyday. I have business owners crying to me on the phone everyday. My phones are ringing off the hook with my distributors all over the world telling me what's going on in their particular markets where they are... Fishing fleets in Belgium rioting over bunker fuel prices, Slowdowns in the UK. Today in Spain, they blocked roads into France, as well as other tourist areas. It's wild.
If there really is something that increases fuel efficiency by 30% then it should be all over the science mags and the public needs to know.
The public is finding out about it, ...despite the fact that there are those who do not want you to know,
...people even in these very forums. :o
There are of course some who'd rather complain about high fuel prices rather than actually do something about it
We should be demanding higher fuel efficiency of our automobile makers. We see plummeting SUV sales but its not affecting oil prices. We really can't drive less, we don't have compact efficient cities as in Europe. The demand is increasing all across the world, not just the US and Canada.
The automobile manufacturers are doing everything possible to increase the fuel efficiency of their automobiles, however, there's only so much they can do. The internal combustion engine is a very inefficient animal to begin with.
Car manufacturers are doing the best they can, however, fuel is not their business. Fuel is simply what powers the vehicles they sell. Their job is to make and sell cars. We can't leave the onus on them though, ...it's up to each and every one of us to do what we can to make the vehicles we drive more energy efficient. And you can do that through the use of combustion catalysts that change the in cylinder rate shaping or burn rate of the fuel itself.
The end result is, more miles per gallon, less fuel consumed, less money spent at the pump, and a cleaner, more efficient, more powerful and better performing engine that pollutes less.
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We need to find a way to cleanly burn all that coal we have, and keep the speculators from fucking us over.
The Saudis even say there is no reason for prices to be this high. The gov't needs to seriously look into the oil companies.
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We need to find a way to cleanly burn all that coal we have, and keep the speculators from fucking us over.
The Saudis even say there is no reason for prices to be this high. The gov't needs to seriously look into the oil companies.
oil companies= our government...
epic introspection
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oil companies= our government...
epic introspection
Yeah, true. It will take a massive revolt or the value of the dollar rising fast to anything close to fix this problem.
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Dont panic people, some good news, we're back down to a measly $134 ::)
The cost of oil has eased after Friday's record-breaking surge but analysts have warned that prices are likely to remain highly volatile.
US light, sweet crude slid $4.19 to $134.35 after Friday's unparalleled $11 jump to $139.12. Brent fell $3.78 to $133.91, down from a record of $137.69.
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Dont panic people, some good news, we're back down to a measly $134 ::)
The cost of oil has eased after Friday's record-breaking surge but analysts have warned that prices are likely to remain highly volatile.
US light, sweet crude slid $4.19 to $134.35 after Friday's unparalleled $11 jump to $139.12. Brent fell $3.78 to $133.91, down from a record of $137.69.
In sales psychology its called price conditioning. Blow your mind then take it back a notch. Then do it again.
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We need to find a way to cleanly burn all that coal we have, and keep the speculators from fucking us over.
ahem... combustion catalysts.
The Saudis even say there is no reason for prices to be this high. The gov't needs to seriously look into the oil companies.
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Yeah, true. It will take a massive revolt or the value of the dollar rising fast to anything close to fix this problem.
The Portuguese are blockading roads to tourist areas, The Spaniards are blocking roads into and out of France, The British are crawling across highways, the Belgians are rioting... The French are threatening to cripple the entire French economy. In France they're paying the equivalent of $7.57 USD a gallon, but they're not feeling it as much because the Euro is so much higher than the US dollar.
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In sales psychology its called price conditioning. Blow your mind then take it back a notch. Then do it again.
Yep, ...that's exactly what they're doing. And it's working too.
I remember when we broke the $1.oo a litre barrier. People were freaking out.
One day when the price dropped to $1.10 a litre, I actually had a woman comment that $1.10 a litre was cheap gas. Now were up to $1.349. If we drop to $1.29, there'll be a hoard of people rushing to fill up on "cheap gas" ::)
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I would vote for whoever could realistically produce a long term solution to the economy and specifically the gas problem. I'm a cheap SOB and want to pay for cheap shit. Lol
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I would vote for whoever could realistically produce a long term solution to the economy and specifically the gas problem. I'm a cheap SOB and want to pay for cheap shit. Lol
You are precisely the reason American companies move overseas and outsource.
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You are precisely the reason American companies move overseas and outsource.
Well when Chevy makes a truck that has better gas mileage like my current one and gets a better resale value, I'll buy an American truck. As far as other goods, I usually buy American. When it comes to getting fucked up the ass on gas and driving to work, yeah I'm going want what I want. Got a problem?
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Well when Chevy makes a truck that has better gas mileage like my current one and gets a better resale value, I'll buy an American truck. As far as other goods, I usually buy American. When it comes to getting fucked up the ass on gas and driving to work, yeah I'm going want what I want. Got a problem?
American cars also tend to breakdown like crazy when compared to jap cars.
My cousin's ford windstar is a piece of shit
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American cars also tend to breakdown like crazy when compared to jap cars.
My cousin's ford windstar is a piece of shit
Yeah, they are shit. This guy gets mad about outsourcing but maybe if more Americans went to school to be engineers instead of COM or Education majors they would have better paying jobs. I blame stupid asses who are lazy for most of the outsourcing.
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You are precisely the reason American companies move overseas and outsource.
The problems with that is that the long-term planning was not taken into consideration, ...only short term profit.
This has led to a crisis point. With the growth of suburbia, we now live miles away from where we work.
In other parts of the world, industrial areas go right through neighbourhoods, and people live & work within minutes of each other. High fuel prices while painful won't impact them as much as it will impact those of us in North America where relative to other parts of the world, ...our mass transit systems pale.
We also need to get back into the business of making things.
GM just announced they were moving the most effective truck plant in North America down to Mexico.
2,500 people out of work in a one industry town. Where are they going to go? Mexico?
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American cars also tend to breakdown like crazy when compared to jap cars.
My cousin's ford windstar is a piece of shit
My preference is for German engineered cars, ...but darnit if you don't pay through the nose for parts.
It cost me close to $100 for a bloody rad hose on my Audi, the same thing on a GM would be like $15 maybe.
Then everytime I took the BMW in, I could always expect to walk out at least $500 lighter {lol}
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Toyotas last forever. Itll outlive you and piss on your grave..
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In sales psychology its called price conditioning. Blow your mind then take it back a notch. Then do it again.
Exactly.
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Toyotas last forever. Itll outlive you and piss on your grave..
Not north of the 49th parrallel they don't. Japanese cars rust so fast it ain't funny.
And the Korean cars... they start rusting as soon as the weatherman predicts rain.
Those Asian cars don't fare very well in winter climates where they salt the roads.
ps: I'm gonna live forever!
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Not north of the 49th parrallel they don't. Japanese cars rust so fast it ain't funny.
And the Korean cars... they start rusting as soon as the weatherman predicts rain.
Those Asian cars don't fare very well in winter climates where they salt the roads.
ps: I'm gonna live forever!
Northeast, yes, northwest, no.
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Not north of the 49th parrallel they don't. Japanese cars rust so fast it ain't funny.
And the Korean cars... they start rusting as soon as the weatherman predicts rain.
Those Asian cars don't fare very well in winter climates where they salt the roads.
ps: I'm gonna live forever!
Your supposed to put those catylasts in the car, Jag. ;D
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Your supposed to put those catylasts in the car, Jag. ;D
Awww poop! ...now he tells me! ;)