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PBH / off topic: do your thing (travelguide, pictures) / post |
Anyone care to give me their analysis. Two things I know to be NOT true is that there is a shortage of crude and that there is a shortage of refining capacity. With no end in sight of rapidly rising prices where will it end?
Shopping for floor tiles yesterday a distributor told me that the rising transportation costs are beginning to make domestic products competitive with foreign products.
A lot of the tiles I looked at were made in Colombia, Brazil, and Italy. He has already altered his stock to more domestic than imported.
t
By lpdiver on Apr 20, 2008, 04:24 in Off Topic.
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Dan says on Apr 20, 2008, 05:03: I would hope you find your tiles so that you don't end up driving everywhere using up more of that precious fuel. God Bless America! 0 funny, 0 helpful. |
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lpdiver says on Apr 20, 2008, 05:35: Gee I wasn't aware that my six mile journey had such an impact on world economics! I guess I should have walked. "cook some rice!" 0 funny, 0 helpful. |
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Ctg Bound says on Apr 20, 2008, 06:03: lpdiver,
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Lowell says on Apr 20, 2008, 06:44: We're all just puppets under the control and direction of a few groups. I doubt if I'll ever own a car again. I'm lucky enough to be able to walk to just about everything I need. Actually, I'm liking not having the headache of owning and operating a car. Much more relaxing. Alfred E. Newman. "What. Me Worry?" 0 funny, 0 helpful. |
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lpdiver says on Apr 20, 2008, 06:56: I heare you Lowell. That is one of the attractions of Colombia for me. I would like to construct a residence and not be connected to the grid. I think it would be much easier in Colombia than many locations. "cook some rice!" 0 funny, 0 helpful. |
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goin_south says on Apr 20, 2008, 07:46: If my colombianita should decide to go the artistic route, as for new career... and say, learns to do pottery, for example... could it then be marketed as "Colombian Pottery"? jaj.. something I learned last week was at a premium here where I live. Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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lpdiver says on Apr 20, 2008, 07:52: there is a flea market... "cook some rice!" 0 funny, 0 helpful. |
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miamimike says on Apr 20, 2008, 08:44: Weak Dollar,,,Oil is priced in USD and the ME ARABS AREN'T GOING TO LOSE a Penny as the Dollar tanks. I get by with my Honda Scooter that gets 60-70 mpg and my VW Diesel Car that gets 37-54MPG. The price of Diesel is a Killer here in Miami at $4+ per gallon. Thank God I don't visit the Gas Stations often, besides Diesel has approx 30-40% more energy per gallon. "Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C. 0 funny, 0 helpful. |
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vladimiro says on Apr 20, 2008, 08:46: Oil prices are still much lower than they should be in my opinion. The world powers have gotten away with paying nothing for oil for far too long. Their economies can handle higher prices.
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Ctg Bound says on Apr 20, 2008, 08:48: miamimike,
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slguy says on Apr 20, 2008, 08:52: vlad is always good for a contrarian, often century old, POV. Before you throw me out, make sure I pay my bar tab 0 funny, 0 helpful. |
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lpdiver says on Apr 20, 2008, 08:56: Contrarian...I like that word...I will adapt it for my daughter... "cook some rice!" 0 funny, 0 helpful. |
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vladimiro says on Apr 20, 2008, 09:03: Keep in mind that Coal still provides much of the world's energy. Alternative sources won't reduce demand for oil but rather address some (only a fraction probably) of the increasing demand as the world population grows and developing countries become industrialized.
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Ctg Bound says on Apr 20, 2008, 09:13: vladimiro,
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adrimm says on Apr 20, 2008, 09:31:
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vladimiro says on Apr 20, 2008, 09:48: I agree that high prices might spur research into alternative sources, but don't think it will make much difference because of increasing demand. I guess it depends on how far in the future you are talking about(50 yrs, 500 yrs, etc) but like I said Oil did not replace Coal, and fungi or corn or whatever is not going to replace oil in our lifetime.
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Ctg Bound says on Apr 20, 2008, 10:03: vladimiro,
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peteyw says on Apr 20, 2008, 12:07: vladimiro is correct in many of his observations. There is nothing that will replace oil in the foreseeable future. Alternative fuels don't produce the energy output that oil does. At best, alternate fuels can replace a maximum of 7% of petroleum based energy sources and during the time it will take for that to happen, the world's population and energy requirements will have increased 25%.
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Ctg Bound says on Apr 20, 2008, 12:33: peteyw,
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Frank Rizzo says on Apr 20, 2008, 12:36: Wouldn't this help lower costs..
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Ctg Bound says on Apr 20, 2008, 12:42: Frank Rizzo,
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Dan says on Apr 20, 2008, 12:48: Frank: I would think that it would help, but then again, if prices get lower, the big companies would complain that they're not making as big of profits. God Bless America! 0 funny, 0 helpful. |
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peteyw says on Apr 20, 2008, 13:08: The only thing keeping us from the oil shale is the desire to do so. The price comes down when the economy of scale kicks in after we go after it aggressively. My info is not from an article, but industry sources. Remember, they have the media in their pockets; the media is one of the main tools to keep you a puppet.
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Ctg Bound says on Apr 20, 2008, 13:31: peteyw,
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miamimike says on Apr 20, 2008, 14:21: I started getting involved with Diesel Motored Cars 5 years ago and bought my present&last Diesel 4 years ago, just before the Iraq Crusade began. I had a hunch Oil Prices were going to get all mucked up due to that war as well as for other reasons including demand in India and China. So far I have not converted to Waste and/or Straight Vegetable Oil which can power a diesel car after a 5 minute startup/shutdown on Regular Diesel. My Breaking Point is $5 per Gallon and then I convert,,,and it looks like that time is near as Diesel now in my area is selling for $4.25 per gallon. Cost for WVO in my neighborhood $0.00 per gallon except for some elbow grease in collection and straining the product. The WVO Conversion Kit for my car sells for around $1200 so at $5/gallon, the payback doesn't take long. The ME OIL Shieks can then go to Hell,,, "Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C. 0 funny, 0 helpful. |
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lampltr says on Apr 20, 2008, 14:32: lpdiver, , you stated, "Two things I know to be NOT true is that there is a shortage of crude and that there is a shortage of refining capacity." I do not know about the second half, but the first part, I believe it is Saudi, that is pumping in sea water to keep the pressures up to pump this crude up to the surface, my question is why this is needed?....U.A.E. see's the future and is striving in other means to gain global profits, they seem to be the only smart ones around. China and India are quickly sucking up these global resources ahead of North America. The U.S. was never concerned with its neighbor to the north until China came in under the U.S.'s nose and signed a lucrative contract with Canada to run taps there as well as with Chevez....
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Ctg Bound says on Apr 20, 2008, 14:59: miamimike,
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peteyw says on Apr 20, 2008, 15:12: Didn't say the biggest cost was exploration. I said the biggest 'added' cost of gas (gasoline, the refined product), meaning after the cost of getting the oil out of the ground, is exploration fees. Those fees are how the oil companies justify their profits (read recent congressional testimony to confirm).
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Dan says on Apr 20, 2008, 16:06: Check this out: God Bless America! 0 funny, 0 helpful. |
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goin_south says on Apr 20, 2008, 21:08: Rizzzooooooo.... & Co. Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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goin_south says on Apr 20, 2008, 21:10: "Oil prices would go higher regardless of supply" Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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gold digger says on Apr 20, 2008, 22:51: There is so much oil in the waters off of Florida that it bubbles right out of the ground. I seen it with my own eyes. I guess they are saving that until they really need it.
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goin_south says on Apr 20, 2008, 22:56: hope everyone knows that the profits from the oil is funding terrorist groups in the middle east. Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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goin_south says on Apr 20, 2008, 22:57: but,.............. U could be right. Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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tomtom33 says on Apr 21, 2008, 02:56: Hey, my father was born in North Dakota. He used to say that no people lived in ND. There were only Indians and Norwegians. Winter can be a bitch, but you can say that about a large part of the northern US. No mas nieve para mi.
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Timba says on Apr 21, 2008, 07:06: It should not surprise anyone that the most profitable company is Exxon. It also has earned record profits in a year and in a quarter.
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miamimike says on Apr 21, 2008, 07:19: Gold Digger-Offshore Reserves have also been found In Cuban Waters but Thanks to that stupid US/Cuba Trade Embargo, US Oil Companies are Not allowed to join in these new deals. Not that they don't want to and are lobbying Washington hard this very moment to Drop the Embargo and let US Companies do Business as the Chinese and Canadians already are doing. On a Stupid Scale of 1-10, maintaining this Embargo ranks around a 12. A small vocal minority of Right Wing Extremists in Miami are dictating US Foreign Policy and hurting our Economy in ths process. "Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C. 0 funny, 0 helpful. |
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tomtom33 says on Apr 21, 2008, 11:42: "A small vocal minority of Right Wing Extremists in Miami are dictating US Foreign Policy and hurting our Economy in ths process."
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BillBigD says on Apr 21, 2008, 15:46: North Dakota oil reserves- Some of these fields were discovered in the late 1950's. The largest company that is doing work out there is EOG. Look at what the stock has done in the last 6 months. About 3 months ago they said they found a huge oil find there.
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goin_south says on Apr 21, 2008, 16:01: $77 to $137 since Oct '07 ain't bad.... where are all the pbh financial gurus?? Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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goin_south says on Apr 21, 2008, 16:08: Interesting reading: Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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gringoloid says on Apr 21, 2008, 17:24: GS............oil went from $1.30 a barrel in 1970 to $35 a barrel in 1982, a 26 fold increase.
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BillBigD says on Apr 21, 2008, 17:58: GS-Not bad?
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gringoloid says on Apr 21, 2008, 18:12: bill............i just think it is going upwards for awhile............whether it hits $150 a barrel by 2010, I don't know, .....lot of people here tell me i'm wrong.
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goin_south says on Apr 21, 2008, 19:03: I think you're right (unfortunately).. because it's a different game, it appears, now. Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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gold digger says on Apr 21, 2008, 19:33: Here is part of an interesting article that I read:
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goin_south says on Apr 22, 2008, 06:36: Oil at $180 a barrel? Gringoloid....we're gonna have to break yer legs! lol Ciao! Gustav. Bienvenitos, Ike. 0 funny, 0 helpful. |
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Robert Jorge says on Apr 29, 2008, 20:05: Thanks for the article / information esanch. I heard about what you posted, but am too lazy to look for credible references to support the information. If I was playing the market, I would look at selling oil now. In 2 or 3 years, it has got to drop drastically. --"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy 0 funny, 0 helpful. |
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