From $2.00 gas to $5.00 gas in 4 years

Swimming in Oil, or Searching ??

I've added this cross-reference posting concerning this oil supply subject.

http://www.yachtforums.com/forums/61047-post36.html

Just read this this morning:

Notice he said "remain the same". That's not even taking into account more increases, which everyone's of course predicting.

According to a piece a day or three ago in the WSJ, there is a company whose business model consists of spraying some kind of juice into a jet engine (even while at the ramp), have that engine spooled up for a minute or two, and then catch the toxic soup that drains out. Done a few times, all the crud that accumulates on the turbine blades disappears, thus allowing the engine to run cooler and use less Jet A. Supposed to pay for itself in two-week's operations, and millions for the airline over a year's time.
Forget the name, though. (My half-heimer's kicking in)

I just read that in some parts of south-west England & Wales that price of fuel is up to just below US$15.00/USgal... again, all supposedly the fault of the tanker drivers.

You mean the tanker drivers are the ones pocketing all those profits. Well, they work hard so good for them. At least it's not some slimey CEO just profiteering.

Not strictly true. There may have been one or two people pushing their prices but generally we are hanging around $4:60 a litre ($18:40 UK Gal) - and we have been at that price for a while now.

The biggest problem has been getting hold of the stuff, with many garages running dry. The biggest impact has been on the tourist industry which the South West relies on quite heavily. People are unwilling to travel unless they know they can buy fuel to get home.

The Tanker drivers have now settled the dispute. They currently earn a basic wage of $64,000 to $70,000 per year and claim that it hasn't changed since 1992. They have agreed a 14% increas in basic pay over the next two years.

Big Oil and the Enron Loophole

I think most will find this VERY interesting...how we got to this speculative market in crude oil. I saw this last night, and it was an eye opener

http://www.youtube.com/watch?v=AdRbuUQNcxw

I'm shocked. You're not one of those whaco -left- wing- conspiracy -theorists who believe there are a bunch of Texas oil guys trying to rig the oil commodities market and get authority for off shore and tundra drilling so they can then flood the market with overpriced oil turning themselves from multi-millionaires into multi-Billionaires overnight and creating a huge servant class at the same time are you? I mean, do you realize what kind of political connections that would require?

Hi,

As an outsider looking I would say those connections seem to already be pretty strong

I think "dripping sarcasm" should have it's own font.

K1W1 , Kevin

Folks,
I've got a question. It may be a little off topic, but I'm not sure. If so I apologize.
June 15th was Father's Day. Given their druthers, most guys I know would like to be on their boats. NOBODY WAS OUT.
Was it the fuel prices or .........

From my vantage point on the southern tip of Key Biscayne, yesterday (Sunday) was quite busy with boats. All day long, everything from large sportfishers, motoryachts, a slew of center console boats, scads of waverunner-types (morons!), sailboats...all running (and most were really honkin' along as if to figuratively poke Big Oil/speculators/your-choice-of-bogeyman in the eye) in & out of Biscayne Bay, past the lighthouse, headed to/from Fowey Light and beyond...looked like business as usual on the first Official Summertime weekend.

Again, boating isn't a matter of life and death....it's much more important than that.

Lobbying for Bombing Iran

The same pundants that brought us Iraq are at it again for Iran

Kristol says Bush might bomb Iran if he thinks Obama will win (in other words before Bush leaves office in less than 6 months :!: :!: :!: )

http://www.crooksandliars.com/2008/06/22/draft-kristol-says-bush-might-bomb-iran-if-he-thinks-obama-will-win/

Considering your "unscheduled stay" with these cannibals, you're being quite the gentleman.

Godspeed George Carlin. You made us look at ourselves and laugh. You conveyed clarity in a clouded world and turned words into mere idiosyncrasies. Our world is one mind short of sheer brilliance today.

Hi,

Here is an interesting read: http://www.nytimes.com/2008/05/18/automobiles/18PRICE.html?_r=1&oref=slogin

Just when everything had been quiet for a while (prices around here have been hovering in the high $1.40's for the past week or two) I hear on the news this morning that a barrel of crude is trading at a record high of $140 and OPEC announced that they expect to see $150-$170 by mid-summer.

Thanks guys, now the local filling stations will all jump up and raise their prices. It happens every time OPEN makes a statement about a possible increase... by supper everyone's added $0.10/L to whatever they were charging that morning.

$5/gallon by Labour Day isn't really a stretch.

$1.40 per liter sounds like a gift.
Since most cars only use "premium", out here it's $1.53 per liter and as of July 1st the Provincial Government is imposing a "carbon tax" of $2.4 per Liter on top of that.
This should pretty much change our social fabric to some extend, hammer the middleclass and the working man, as well as increase the price on all consumer goods by 5+%.