Paying at the Pump, in a Big Way

Paying at the Pump, in a Big Way

There are 12 comments on the www.nytimes.com story from Mar 11, 2008, titled Paying at the Pump, in a Big Way. In it, www.nytimes.com reports that:

Ricardo Caraballo was having a familiar American experience at the filling station the other day, groaning as the pump clicked up, up, up. By the time he finished it read $505, and his tank was only half full.

A few years ago, “$500 would have kept me rolling for two weeks,” he said. “Now, I’ll be lucky to make it three days.”

Join the discussion below, or Read more at www.nytimes.com.

john

United States

#1 Mar 11, 2008
and theres no reason oil should be over 60 a barrel, traders are hyping it and we are getting screwed because of it , the commodies market is unreal and needs tight regulation ,
Wake up foolz

Jerseyville, IL

#2 Mar 11, 2008
It was Saddam's fault for 9-11,now it's Hugo's fault,next it will Iran and China
Obama AntiChrist666

Jerseyville, IL

#3 Mar 11, 2008
Maybe Hussein Obama can get his very good special friend Larry Sinclair to suck the Oil out of the ground ?
Jones

“It's about the American People”

Since: Jun 07

Flushing, NY

#4 Mar 11, 2008
OPEC will not stop the increase in oil price before it will reach $200 dollar and then OPEC will stop selling oil to US as part of the efforts of OPEC to weaken the US and make US surrender to Iran and the Islamic terrorists.
The only solution is for US to start using …US own oil, gas, coal and oil shale for fueling US cars and let OPEC ‘drink’ their oil..
Increasing oil price by OPEC, Russia, Iran and Venezuela is the easiest way of the worst enemies of the US including the Islamic terrorists sponsored regimes of Iran and Saudi Arabia to defeat US economy following a defeat of US troops in Iraq, Afghanistan and all over the Middle East.
The enemies of US realized that it is easy to destroy the 'oil-drunk' American economy that cannot go on even one more day without huge amount of imported fuel.
Since the embargo of Bill Clinton on ANWR and against any US oil, gas, oil shale, and coal resources conversion to car fuel, the Islamic terrorists discovered that US is 'a paper tiger' with economy that depends on the Islamic terrorist suicide bombers supporting countries and that US foreign policy in the Middle East is dictated by no other than Saudi King Abdullah which is shameful.
US lost its independence in 1995 when Bill Clinton decided to send trillions of dollars to the Islamic terrorist supporting countries and now the war in Iraq and Afghanistan may be lost to Iran and the Islamic terrorist suicide bombers only because of US economy weakness, weak US dollar and no money for the military operations in the Middle East.
Time is running out quickly for President Bush and US Congress led by the un-American Reid, Clinton and Pelosi to wake up and to push US enterprises to convert US abundant amount of oil, gas, coal and oil shale resources to car fuel in addition to the Ethanol.
However, the left wing liberal corrupt politicians led by Hillary Clinton have major interest to push the American economy to recession by high oil prices and to cause the defeat of US troops in Iraq to the Iranian Islamic terrorists because it will help Hillary in the coming November 2008 elections.
Clearly, t is the ‘same old’ anti-American Clintonian way…

“Tell the Truth”

Since: Nov 07

Orlando, Florida

#6 Mar 11, 2008
I was told today by someone in Canada that that country sends all of it's crude oil to the United States to be refined, and the U.S. sends it back to Canada at an inflated rate.

Is this true? And if it is, why are we not refining our OWN oil? I thought the problem was that the U.S. didn't have enough operating refineries to take care of ourselves.
goon

Allentown, PA

#7 Mar 11, 2008
you clowns are so lost its not even funny. Peak Oil is why we are paying high prices for oil, plus increasing world demand. The futures market can contribute maybe 20 percent to the price over instabilities in geo politics or bad weather. etc.

The entire world's all time peak output for oil production was December, 2005, according to the Goverbment Accounting Office (GAO). Matt Simmons and T Boone Pickens will tell you the peak happend in early 2005. These guys are both wealthy energy investment bankers and long time oil guys. Simmons is an advisor to the US government on oil.

Peak is what happens just when you've blown through the light sweet crude oil and you hit the heavy oil. You can't extract it or refin it at the same rate. At this point there is less you casn deliver to th world market.

Of course, if you are not that bright, you will want to blame someone else for increasing oil prices.Unfortunately, this type of thinking will just lead to calamity. We need to make big changes now just to keep the lights on in 20 years.
goon

Allentown, PA

#8 Mar 11, 2008
Donna Atlanta GA wrote:
I was told today by someone in Canada that that country sends all of it's crude oil to the United States to be refined, and the U.S. sends it back to Canada at an inflated rate.
Is this true? And if it is, why are we not refining our OWN oil? I thought the problem was that the U.S. didn't have enough operating refineries to take care of ourselves.
Canada is the USA's no 1 source of imported oil.This is one reason their dollar is now worth more than the US dollar.Canada is alos required to sell us this oil for being part of the NAFTA thing.
Why aren't we refining our own oil? Because we don't have as much to refine anymore, that's why. The USA's oil production peaked, as predicted, in 1970 at something like 10 million barrels per day. We now can produce only half that amount. This is due to the constraints of oil production-the oil you get out of a well first is the easiest. The second half of what's in the well is depper and thicker and it won't come out as fast or easy.

So we have to import oil to make up for our declining production and also increased use.Not a good scenario, given that the entire world has jus peaked in production.
bankrupt

Los Angeles, CA

#9 Mar 11, 2008
As long as the oil companies keep applying the novocain and gradually increase the price of fuel, the public will do three things: Grumble about the increase, accept it, and pay it. On the other hand, if the oil companies raised the price of fuel to $1oo.oo per gallon in one day, then three things will happen: Everyone will park their vehicles, take to the streets(on foot) and demand that something be done about it. Until then, we'll keep quiet, get out our wallets and pay the extortionists. Think about that.
speed buggy

Columbia, TN

#10 Mar 11, 2008
Peak oil. LOL!

Peak oil is nothing more than all wells pumping to the max 24 hours a day and you simply can't pump any more.

With more wells peak oil vanishes.

Peak oil is now commonly put across to the masses as the sky is falling oil reserves are drying up scenario when in fact peak oil is nothing more than demand is greater than the wells can produce.

No one can say the oil is drying up unless they can first prove how much is down there.

The onl evidence they have for thatis now they have to drill eeper to get oil.

The Russians solved that problem and proved that oil is created by the earths inner layers regularly instead of the idea that limited oil deposits are all we have.
Buck Futz

Bellevue, WA

#11 Mar 11, 2008
“Once upon a time, a trader bought a tin of sardines for $1 and sold them to a rival for $1.50. This trader in turn sold them for $2” and so on and so forth. Years pass, “until chancing upon a man willing to pay $10. The buyer, who was famished, opened the tin only to find that the sardines were inedible. ‘But you don’t understand,’ the vendor said. ‘These were trading sardines, not eating sardines’.
speed buggy

Columbia, TN

#12 Mar 11, 2008
Buck Futz wrote:
“Once upon a time, a trader bought a tin of sardines for $1 and sold them to a rival for $1.50. This trader in turn sold them for $2” and so on and so forth. Years pass,“until chancing upon a man willing to pay $10. The buyer, who was famished, opened the tin only to find that the sardines were inedible.‘But you don’t understand,’ the vendor said.‘These were trading sardines, not eating sardines’.
Congratz. Superior relation example of what appears as what is, as what is but is not what is then what appears to be by the profiteer is buried in conjecture towards the victim.

Rare, rare indeed. Though you could improve your screen name.
goon

Bethlehem, PA

#13 Apr 3, 2008
I call that trading scenario "don't get left holding the turd"

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Loudonville Discussions

Title Updated Last By Comments
News Benjamin J. Westfall (Mar '06) May '17 Nicole 9
News Sophomore quits after football hazing (Sep '07) May '17 Jaresmom 27
Election Who do you support for U.S. House in Ohio (Dist... (Oct '10) Mar '17 You pharrt 16
camping (Jun '16) Jul '16 TreeHuggingMom 2
its all about who knows what (Apr '16) Jun '16 Mister Blister 2
News Danville police officer found dead, suspect in ... (Jan '16) Jan '16 politico insider 3
News Sheriff: Ohio police officer found dead; suspec... (Jan '16) Jan '16 They cannot kill ... 1

Loudonville Jobs

More from around the web

Personal Finance

Loudonville Mortgages