Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Gas Prices!
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="WhiteyMacD" data-source="post: 1425850" data-attributes="member: 7633"><p>Somebody answer me this...</p><p></p><p>The price of crude has been rising (almost exponentially in the last ~10 years) for the last 30-40 years. However, the processes of extraction and transportation has changed very little. In fact, extraction and transportation has become more efficient (before some of you in the oil biz tries to argue with me, I know my crude, I guess you could say its in my blood). </p><p></p><p>How has crude more than doubled in 30 years, and 7x more than 40 years ago? For reference:</p><p></p><p>1975 ~$12USD avg</p><p>1980 ~$38USD avg</p><p>2010 ~$70USD avg</p><p></p><p>In this decade alone:</p><p>2000 ~$27</p><p>2001 ~$23</p><p>2002 ~$23</p><p>2003 ~$28</p><p>2004 ~$37</p><p>2005 ~$50</p><p>2006 ~$58</p><p>2007 ~$64</p><p>2008 ~$91</p><p>2009 ~$53</p><p>2010 ~$70</p><p></p><p>This doesnt have anything to do with US Production vs Importation. The price is driven off of Speculation and Concerns. Before 1970 (for reference OPEC started in 1960), oil was $3/barrel.</p><p></p><p>My solution to the "Energy Crisis" is simple. Buy the biggest vehicle you can, use up all the oil, and force valid alternatives (efficiency, power and cost) to surface.</p><p></p><p>I'm sort of in the same boat as NFF on this one. O/NG leases are really nice when this happens, but with the cost of everything going up, from Gas to Banannas,... its a bittersweet thing.</p></blockquote><p></p>
[QUOTE="WhiteyMacD, post: 1425850, member: 7633"] Somebody answer me this... The price of crude has been rising (almost exponentially in the last ~10 years) for the last 30-40 years. However, the processes of extraction and transportation has changed very little. In fact, extraction and transportation has become more efficient (before some of you in the oil biz tries to argue with me, I know my crude, I guess you could say its in my blood). How has crude more than doubled in 30 years, and 7x more than 40 years ago? For reference: 1975 ~$12USD avg 1980 ~$38USD avg 2010 ~$70USD avg In this decade alone: 2000 ~$27 2001 ~$23 2002 ~$23 2003 ~$28 2004 ~$37 2005 ~$50 2006 ~$58 2007 ~$64 2008 ~$91 2009 ~$53 2010 ~$70 This doesnt have anything to do with US Production vs Importation. The price is driven off of Speculation and Concerns. Before 1970 (for reference OPEC started in 1960), oil was $3/barrel. My solution to the "Energy Crisis" is simple. Buy the biggest vehicle you can, use up all the oil, and force valid alternatives (efficiency, power and cost) to surface. I'm sort of in the same boat as NFF on this one. O/NG leases are really nice when this happens, but with the cost of everything going up, from Gas to Banannas,... its a bittersweet thing. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Gas Prices!
Search titles only
By:
Top
Bottom