OT: Gas Prices

narf poit chez BOOM · #1 April 25th, 2006, 02:31 PM

I wouldn't fit very well in the front seat and I'm not sure I can beleive anybody but a midget could fit in the back.

Azselendor · #2 April 26th, 2006, 01:21 AM

I heard something interesting and something worrying too.

An analyst on CNN attributed rising gas prices to demand from China as well as the oil industry gouging. At first I thought that was harmless, but then the what-if, paranoid thought entered my mind that maybe China is forcing gas prices up intentionally. They don't have to worry about loosing money on paying higher gas prices since most of the US's merchandise and goods are currently being produced in china meaning china gets the money to pay higher prices.

Just a paranoid thought.

narf poit chez BOOM · #3 April 26th, 2006, 01:36 AM

There's a lot of people in china.

Baron Munchausen · #4 April 26th, 2006, 01:46 PM

Quote:

KlvinoHRGA said:
I heard something interesting and something worrying too.

An analyst on CNN attributed rising gas prices to demand from China as well as the oil industry gouging. At first I thought that was harmless, but then the what-if, paranoid thought entered my mind that maybe China is forcing gas prices up intentionally. They don't have to worry about loosing money on paying higher gas prices since most of the US's merchandise and goods are currently being produced in china meaning china gets the money to pay higher prices.

Just a paranoid thought.

China is #2 in petroluem usage, having recently passed Japan, but that doesn't tell the whole story. The US is still way out ahead of China in total usage at over 20 million barrels a day while China 'only' uses about 6.5 millions barrels a day. Incredibly, the increase in USA oil usage over the last decade has been about as much as China's total usage today! Looks like the lessons of the 1970s oil shocks have not been learned. Americans just cannot seem to learn the meaning of 'conserve'...

Interesting statistics and info: http://www.gravmag.com/oil.html

http://www.energybulletin.net/15185.html

How's this for nerve? The leader of a country that consumes more than 20 million barrels of oil a day is warning the leader of a country that consumes some 6.5 million barrels not to try to lock up world oil resources. When President Bush welcomes the Chinese president, Hu Jintao, to the White House today, the American complaint will be that China's appetite for oil affects its stance on Iran, Sudan and other trouble spots.

Captain Kwok · #5 April 26th, 2006, 04:23 PM

I think it's even more sad when you consider that China also has more than 4x the population of the US...

Unfortunately it's almost as bad per capita north of the border...

Fyron · #6 April 26th, 2006, 04:52 PM

Of course, most of China is still a 3rd world country... The big cities are modernizing, but most of the people have no access to automobiles.

Azselendor · #7 April 26th, 2006, 10:10 PM

Give it time, China is industrializing.

But the paranoid thought in the back of my head is a scenario where gas prices drop to 60 dollars a barrel and china says "Nope, we'll give you 70 instead!".

But that's just a paranoid thought, the reality is that we americans preach conservation one hand and consume with the other.

Renegade 13 · #8 May 6th, 2007, 11:30 PM

It's even more atrocious than it was this time last year (when the thread was first created). I hesitate to drive for anything other than absolute necessities, it's too bloody expensive.

Spectarofdeath · #9 May 7th, 2007, 01:06 AM

It's $3.20 (a gallon) here, I got gas last monday it was 2.85, by thursday it was 3.20. The experts are saying $4.00 by mid summer. I bet we'll hit $4 by memorial day and $5 before the end of the year. This is getting outrageous. It's pretty bad when it costs you almost half a hours work (if not more) just to pay for the gas to get there.

Will · #10 May 7th, 2007, 01:53 AM

Quote:

Spectarofdeath said:
It's $3.20 (a gallon) here, I got gas last monday it was 2.85, by thursday it was 3.20. The experts are saying $4.00 by mid summer. I bet we'll hit $4 by memorial day and $5 before the end of the year. This is getting outrageous. It's pretty bad when it costs you almost half a hours work (if not more) just to pay for the gas to get there.

I live close to San Francisco. It hit $3.20/gal a month ago. The station down the street is at $3.60/gal. In the city itself I've seen $3.85/gal.

No doubt in my mind that the average price around here will hit $4/gal by the end of May.