They're going to keep going up. Oil hit 100 a barrel yesterday, it's just getting started.

 

 

http://www.zerohedge.com/article/adjusted-monetary-base-goes-vertical

If it prices some people off the road, then I'm all for it.

Lol, it'll probably price off the wrong ones!

Should've gotten off of foreign oil years ago

 

 

Now it's going to (jeez this sounds familiar)... bit us in the ass.

I wish we had a subway here

 

*has to drive 25 miles each way to/from work*

Our government stopped importing and distributing petrol yesterday, everyone is filling up their cars and most stations have run out of petrol. But that's not just because of the prices it's because of fighting between greedy politicians and ministries...they put the entire country to a halt whenever they feel like it.

Should've gotten off of foreign oil years ago

 

 

 

And use what instead?, your vast reserves that peaked in the 1970s and have hardly anything left?.

 

I think the main thing the USA needs to do is attempt to cut down on it's oil use slightly:

 

http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption

 

Almost 3 times as much as China in second place.

Keep in mind, big oil is still making record profits in the billions. They'll rack the pimps up to $5 a gallon cone summer just to keep it that way.

i filled up last weekend for $1.45/litre (about 2.5 pounds) thats more than i paid when oil prices were over $US140. but the oil companies always have some lame arse excuse as to why the prices are so high, none of them are justified.

You mean the upcoming "summer blend" costs are bullshit?

Keep in mind, big oil is still making record profits in the billions. They'll rack the pimps up to $5 a gallon cone summer just to keep it that way.

 

True.

:P I haz horse.:cowboy:

And use what instead?, your vast reserves that peaked in the 1970s and have hardly anything left?.

 

I think the main thing the USA needs to do is attempt to cut down on it's oil use slightly:

 

http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption

 

Almost 3 times as much as China in second place.

 

I don't know I'm not a scientist or car maker. I think the thing is that we all know that oil is a limited resource. Even if say nothing comes out of this mid-east revolution in a few decades we're going to run out of oil. Why not just try to find alternative energy sources?

 

Keep in mind, big oil is still making record profits in the billions. They'll rack the pimps up to $5 a gallon cone summer just to keep it that way.

 

that is true. It's disgusting how much they make in profits.

:P I haz horse.:cowboy:

 

wondering if the prices of oats is cheaper than gas?

I don't know I'm not a scientist or car maker. I think the thing is that we all know that oil is a limited resource. Even if say nothing comes out of this mid-east revolution in a few decades we're going to run out of oil. Why not just try to find alternative energy sources?

 

 

 

I agree we need to find alternatives to oil, but in my opinion people won't start taking it seriously until it becomes a pressing issue, and governments throughout the world are still making far too much money off it to bother at the moment.

i filled up last weekend for $1.45/litre (about 2.5 pounds) thats more than i paid when oil prices were over $US140. but the oil companies always have some lame arse excuse as to why the prices are so high, none of them are justified.

 

The Aus Dollar has gone up in value, $1.45=£2.5:stunned::P

 

I also filled up this week and it was £117 which is shockingly expensive.

Nissan have just release their electric car, the Leaf

 

http://www.nissan.co.uk/vehicles/electricvehicles/leaf.htm#vehicles/electricvehicles/leaf

 

Great as long as your journey is less than 110 miles and you have 8 hours to spare to plug it in before the next trip!

That wouldn't be too bad for London or Manchester though if you did mostly local journies, although I wouldn't like to think what my electricity bill would jump to!.

 

I'm still finding the pump going into triple digits while filling up a bit much.

:P I haz horse.:cowboy:

 

Maybe I should acquire a horse instead of a motor vehicle license.

I agree we need to find alternatives to oil, but in my opinion people won't start taking it seriously until it becomes a pressing issue, and governments throughout the world are still making far too much money off it to bother at the moment.

 

I agree... it seems it's human nature to wait until the last minute to do anything. If anything perhaps these skyrocketing prices might have people to change since they won't want to pay $5 a gallon (I heard we'll probably hit that by the summer)

 

 

With people already tightening their belts with the economy, this is only going to make things much worse because now all that extra money that you get from your job will probably have to go to transportation rather than paying bills.

I agree... it seems it's human nature to wait until the last minute to do anything. If anything perhaps these skyrocketing prices might have people to change since they won't want to pay $5 a gallon (I heard we'll probably hit that by the summer)

 

 

With people already tightening their belts with the economy, this is only going to make things much worse because now all that extra money that you get from your job will probably have to go to transportation rather than paying bills.

 

It's funny, I'm half American and go there a couple of times a year to see family etc, last time I was there I think it was about $3.60 or thereabouts and I still thought wow how cheap is gas here.

In the UK it's now £1.30 per litre, I know US gallons are a bit less than UK ones(how weird is that) but it works out that one US gallon in the UK is £5 which using an exchange rate calculator works out at $8!, most countries in Europe are at a similar price to the UK maybe slightly cheaper it's a rip off, if there was an alternative to an oil driven car that was actually as good as the equalivelent it was to replace I would buy one in a second but I think that's going to be some years off yet, not because I don't believe the tech isn't there, or at least the underpinnings for it, but because the Governments of the World can make more money out of use using oil for the moment which sucks.

Still I partly have myself to blame, it wasn't a very good idea to get a car with horrific milage,luckily I don't drive many miles per year.

If it prices some people off the road, then I'm all for it.

 

Ian, if fuel prices rises than the cost of pretty much everything else rises as well thanks to the increased transportation costs

http://graphics.thomsonreuters.com/11/02/OIL_CALC0211_SB.html

 

gas here is like 3.70 a gallon... I hear it's going to get to $4 next week.

Ian, if fuel prices rises than the cost of pretty much everything else rises as well thanks to the increased transportation costs

bring it on!