Wana know why diesel is so expensive??

[macdaddy]

I agree!!!!!!!!!!!!!!!!

I think it will all come to a head by late summer. As far as diesel fuel goes, it seems to me like everyone is expecting a drop in prices very soon do to the season or whatever. I think once we move into the summer months and it becomes clear that fuel prices only have one direction of travel now, people will be pushed over the edge and we will see strikes and Govt. intervention. Just my guess anyhow. I don't see it getting better, it has been a long time coming, but I just didn't expect it to happen over a matter of months rather than years. We've had it real good compared to the rest of the world for a long, long time.

Almost anyway

Cool

Everything you said regarding the current prices and how they have come to be and where they are going have some weight. This summers prices are going to be a big let down for those who think they will come back down. Add to that the phase in of ULSD in 06 and you'll see the price of Gas Jet and Diesel are here to stay.



Strikes won't cure a thing, as the Europeans found out. As for Govn't intervention highly unlikely in a capitalistic society such as ours. Doing so would undermine or system of government and our way of life as we know it! steering us towards being a country like Poland or any other eastern block European country.



No flame suits required :-laf



Mac

 

[redfuelrules]

Everything you said regarding the current prices and how they have come to be and where they are going have some weight. This summers prices are going to be a big let down for those who think they will come back down.

Then why'd we waste all those bombs on Iraq...

 

[macdaddy]

Then why'd we waste all those bombs on Iraq...

Man I wish I had an answer for ya, I guess the Bush doctrine for lack of a better term. All I know is until we stabilize the country (Iraq) and get their oil onto the world market we can expect to see the price for a barrel of crude oil at $55 dollars a barrel or more,which means sustained downstream prices at the pump.



Mac

 

[PToombs]

Didn't you know? Bush bombed Iraq to call attention away from the fact he couldn't (or didn't want to) find Osama, and his lousy domestic policy(see the fuel pumps).

 

[justinp20012500]

I read in the paper that it didn't matter if we (USA) was given all the oil in the world. Our refinerys can't keep up. The paper also said that it takes years and tens of millions of dollars to find a site and finish the paper work to just start thinking about building a new refinery. Then it will take 5-7 years before the refinery will be online.



I personally want to thank all the people out there driving the gas sucking suv's.



5. 9l Durango = 11 MPG



6. 0. Yukon Denali = 13 MPG



Feel free to add to the above list.



Thats were most of our resources is going.





I am going to park the dodge and start driving the wife's probe.



O ya, here in Salt Lake diesel is right at 2. 49





Looks like I won't be going to camping this year. I hope I can afford driving to MM 05 .







Justin

 

[av8r]

After moving my Dodge around a bit this weekend I realized that in the apst year I have put on less than 5K miles. Buying my little VW diesel was the best $500 I ever spent (4 years ago). 99% of the people driving the Durangos and Yukons out there need them as much as my wife needs that new Grand Cherokee. I guess I'll be keeping the VW's for a while. :-laf

 

[moolie]

never said kerry hated them either just for the record.

 

[moolie]

and what route will be the new alternative

so i've read alot on hydrogen being taken seriously for a alternative source. Of course there is solar and who knows what else they have in mind. I almost invested a few bucks last year into a hydrogen company that i heard some people yaking about. I mean it's so unstable hydrogen that is. Is this a realistic possibility in the future. i don't know why this whole peak oil whether it's false or fact wasn't planned for a bit better. couldn't the semi drivers all strike and make them lower it

 

[DOWG]

$3 a gallon by the 4th of July. You can take that to the bank.



The price of fuel is up because the price of oil is up. There is no conspiracy. The China economy is growing at over 9% a year; that is a lot of people who have discovered hot water and the internal combustion engine.



China is building the largest hydroelectric dam in the world which has caused a worldwide shortage of cement. Why no outcry for the construction companies losing work and laying off employees cause they can't get cement? Guess maybe ya'll don't use cement as often... ... ... .....



Anyway, high fuel prices are directly related to high oil prices. Simple supply and demand. Bush is not an oilman. Haliburton is not an oil company. I have been drilling oil & gas wells for 25 years. Oil companies buy my oil at market price; whatever it is. I guess they buy my oil at the high prices they conspired to drive up so they can keep oil prices high so they can spend more to buy more oil to make more fuel?!?!?!?!? Think about it.



The major oil companies buy more oil than they produce. Higher oil prices are a problem for everyone. Of course Iraq is a war for oil; we want free markets that can sell oil, not so we can steal it. By the way, Saddam over produced (damaged) Iraq's oil fields and they really need to be shut in for 10 years and them maybe, just maybe they might be helpful to world oil production. Iraq's oil production is really not that much right now. We get 17% of our imported oil from Venezuala.



Goldman Sachs (investment banker) said oil prices may reach $105 a barrel in 3 years if any disruption of the Saudi or Venezualan oil supply occurs. What do they know? no more than anyone else. Nobody knows what the price of oil is going to do. There is a limited supply of oil, just like there is a limited supply of water. Think about it.



Government intervention? Strikes? How will that change the price of oil? The government can no more control the price of the oil than it can control the economy.



As of this morning, the oil well I am drilling is down to 1,100 feet. 7,100 more to go. After I spend $800,000 to drill the well I will find out if it is a dry hole or not. I sure hope oil prices remain high. I hope they go up. My son needs new shoes and a college education.



See ya'll at the pump!

 

[CATCRACKER]

big oil does not want americans switching over to diesel powered cars and trucks ie much better fuel economy. so they are keeping the price the same or higher than unleaded.



now the oil companies are stepping on their own you know what b/c americans are being forced to become frugal and will stop driving as much and will start selling their suv's. wages are not keeping up with the increases in the cost of living so americans will cut back and buy the cheapest out there ie single ply toilet paper and every single thing imported from china vs higher cost american made, harbor freight vs sears etc.



FWIW My exxon stock is up 48% since i bought it



at this point in history with out cheap oil this country goes down the tubes!!!!!!!!!!!!! remember the avg. commute for millions is 45min each way

 

[justinp20012500]

$3 a gallon by the 4th of July. You can take that to the bank.



China is building the largest hydroelectric dam in the world which has caused a worldwide shortage of cement. Why no outcry for the construction companies losing work and laying off employees cause they can't get cement? Guess maybe ya'll don't use cement as often... ... ... .....





As of this morning, the oil well I am drilling is down to 1,100 feet. 7,100 more to go. After I spend $800,000 to drill the well I will find out if it is a dry hole or not. I sure hope oil prices remain high. I hope they go up. My son needs new shoes and a college education.



See ya'll at the pump!

I have to say I have felt the pinch on construction.



I do sales for a major structural steel fabricator, with the recent china economy explosion we have had to tighten the belt tenfold.



In 2001 we did $100MM in sales, in 2003 we did half that. The construction industry was at a stand still. The price of steel has tripled in the last two years, cement has also rose out of control. If you have an old car laying around take it to the recyclers, they will give you more for it then you can sell it for.



I have to agree to certain parts of DOWG post.



With the price of oil being high the "mom and paps" oil pumpers can start their rigs back up and make a profit. That lets the oil rigs stay busy, then the rough necks get paid and then they blow it right back into the market.



Its a vicious circle, but something is happening right. I still have a job and this year the construction industry is booming almost as much as it was make in the "dot com" days.



I just pass all the surcharges/high diesel price/higher labor labor rates back to the customer.







Justin

 

[Coolslice]

I have to say I have felt the pinch on construction.



I do sales for a major structural steel fabricator, with the recent china economy explosion we have had to tighten the belt tenfold.



In 2001 we did $100MM in sales, in 2003 we did half that. The construction industry was at a stand still. The price of steel has tripled in the last two years, cement has also rose out of control. If you have an old car laying around take it to the recyclers, they will give you more for it then you can sell it for.



I have to agree to certain parts of DOWG post.



With the price of oil being high the "mom and paps" oil pumpers can start their rigs back up and make a profit. That lets the oil rigs stay busy, then the rough necks get paid and then they blow it right back into the market.



Its a vicious circle, but something is happening right. I still have a job and this year the construction industry is booming almost as much as it was make in the "dot com" days.



I just pass all the surcharges/high diesel price/higher labor labor rates back to the customer.







Justin

I'm all for the little guy making money, but I certainly don't see the logic in "higher oil prices mean a handful of people get to work again and make more money" while the majority of people are taking a hit and millions of jobs go down the toilet as fuel prices rise.

 

[Mtngoat]

I'd like to see us stop exporting our oil, put it to use in THIS country, and tell OPEC that we don't need your oil. It wouldnt be long till OPEC drops the price and begs us to buy their oil.

 

[CATCRACKER]

"I just pass all the surcharges/high diesel price/higher labor labor rates back to the customer. "



ie inflation... very very very bad thing

 

[justinp20012500]

"I just pass all the surcharges/high diesel price/higher labor labor rates back to the customer. "



ie inflation... very very very bad thing

What am I suppose to do?? Eat the cost?? Go out of buisness??



Very hard to do, but it has to be done.



Alot of steel contractors have went out of business last year. IE Havens Steel, Interstate.

 

[FATCAT]

Folks, take a look at what has happened to the Dollar over the past few years.

Remember when the Euro was about $. 70? Now a Euro costs something like $1. 30+.

Oil is being linked to the Euro now so it costs more $$$$ to purchase the same barrel of oil.



Look ... a good example was after WWII, the us economy was booming and Europe/Japan was rebuilding. Through the 50's and 60's economies around the world were booming and oil stayed steady at around $2. 50 a barrel (doesn't that sound good). Ask your self "when did the oil prices start going through the roof?" ... it was in '72/'73 ... when did Tricky Dick take us off the Gold Standard? Do you think there is any relation???? From that point on, the Dollar has been all over the place.

One thing is that oil producers will not drop a lot of money into research and development if the currency that the oil is tied to has no stability (in 1997/1998 oil droped to $10/barrel and the dollar was very strong).



What is needed is a strong dollar ... and Greenspan is the jerk who needs to do this.

There is no oil shortage (just like there was no shortage in '72 and in '79). There is plenty of oil yet to be discovered and new methods to getting what could previously not be technologically feasible in the past.



A strong and STABILE currency will bring new reserves to market.

 

[EMD-Run8]

I'm with that... ... .

 

[CATCRACKER]

justin,



you misunderstood what i said. if i was in your business i would do the same thing what i am saying is bad is inflation not you trying to stay in business. see what i is sayin?

 

[justinp20012500]

justin,



you misunderstood what i said. if i was in your business i would do the same thing what i am saying is bad is inflation not you trying to stay in business. see what i is sayin?

I understand inflation is bad.



China is the one directly making my business practices go out of control.



The USA is selling all the scrap to china for them to produce their own steel.



98% of the United States steel is made out of recycled materials.

 

[hammersley]

You guys that have swallowed Big Oil's and for that

Matter the GOP's excuse for these oil $$$$$ have really "swallowed the kool aid!" I have one ????? for you - "What Color is the sky in your World?"



If you think there is no Coorporate Conspiracy here - there is No Hope!!!!