Marijuana.com

Genoi · 05-14-2004, 06:00 PM

i have a corsica, that thing is a TANK. Oh my lord yesterday I hit the giant rock at the end of my driveway. I took that rock out with no damage to my rusty old pos corsica.

Up In Smoke · 05-14-2004, 10:34 PM

Apparently our good ol buddy bush

made a deal with the learder of saudi arabia to lower gas prices right around election time; seems like hes sweatin a lil bit.

Beatlejuice · 05-15-2004, 11:52 PM

Here it was about 95 cents a liter, but it increased on Friday but I'm not sure how much by. I'd reckon its around 1.00.

Personally I think the whole world should keep jacking up the prices on all fossil fuels. There is a VERY limited supply remaining and it is not being renewed. We're going to have to stop using it eventually, and it would be best to do it gradually than to have the world realize at one point that we only have enough oil for five more years. Then the whole world would be in panic.

People need to get off their fat fastfood-filled asses and start walking to work. It would help if people drove grocery getters instead of SUV's, but that will only put off the inevitable for a few decades or centuries or whatever. The bottom line is we are going to run out a hell of a lot sooner than we think.

Peety · 05-16-2004, 12:07 AM

Just checked today, local gas station Southern California. $2.35/gal

Necro · 05-16-2004, 02:07 AM

2.12-2.18 in Northen Idaho.

bobthegiraffe · 05-16-2004, 08:25 PM

Around here, Just North of Seattle, it starts at about 2.25 to 2.50, f*cking outrageous

bella · 05-16-2004, 09:13 PM

1.99 - 2.14 here in buffalo,MN

DaDornta · 05-20-2004, 03:23 AM

Quote:

Originally Posted by Up In Smoke

Apparently our good ol buddy bush

made a deal with the learder of saudi arabia to lower gas prices right around election time; seems like hes sweatin a lil bit.

In all fairness, the leader of Saudi Arabia alone can't influnece our pump prices all that drastically. You can thank OPEC and the growing industrial revolution in China for your gas prices. My father's career has been researching and reporting on issues relating to the oil industry for over 25 years for a major oil company. If everyone knew the details about how oil prices were fixed by OPEC people would stop blaming Bush (who has no control) and start *****ing at the entire middle east.

These high oil prices suck for us at the pump, but when oil is going for over 40$ a barrel here it means that our state deficit will disapear and our dividends will be more than 1,500$...so bad for gasoline, good for the citizens of my state.

mikez · 05-21-2004, 04:29 AM

Dang $2/gallon is too cheap.

Canada and Europe got way more sense than the U.S. w/ its subsidies for motorists.

According to my info, world oil production is peaking right around now. So expect high prices to continue in the coming years. The NY Times had an interesting article about the current situation (quoted below). They say Saudi Arabia is the only country with spare capacity now, but that capacity is all in high-sulfur type oil. In contrast, refineries in the U.S. and many other places require low-sulfur oil ("light sweet crude"), but there is no spare capacity in that in the whole wide world! Plus which, refineries are running at capacity. And stockpiles are low, but demand is up. (Prices do rise most summers when demand increases; it's not a rip off, just supply and demand working out their balance.)

Quote:

The New York Times
May 16, 2004

Tight Oil Supply Won't Ease Soon
By NEELA BANERJEE

Two dollars for a gallon of gas? Get used to it. High fuel
prices are here to stay, at least for the near future,
because no relief is in sight for tight oil supplies.

Most oil-producing countries and the major oil companies
already produce all they can. Smaller companies and
wildcatters are reopening some mothballed wells, but their
combined output is not nearly enough to affect the global
supply. What little spare capacity there is is almost
entirely in Saudi Arabia, which is willing to pump more -
but the extra oil it could produce quickly is too heavy in
sulfur for the main consuming nations.

The world economy has learned to roll with oil price
spikes, so long as they are short-lived. But sustained high
fuel costs will strain its ability to cope, experts say,
and the current run-up is already starting to bite.

Wal-Mart Stores, for example, said last week that higher
gasoline prices in the United States had taken an average
of $7 a week out of the pockets of its customers, leaving
them less to spend on other goods. Sales of some of the
largest and most gas-hungry sport utility vehicles were
down last month, compared with a year earlier. The nation's
trade deficit widened to $46 billion in March, largely
because of oil imports. And in Britain, the government is
making contingency plans in case of mass protests against
high fuel prices, the trade journal Platts Oilgram News
reported Friday.

The oil industry is constantly looking for new supplies,
and with crude oil closing at a record high of $41.38 a
barrel in New York on Friday, producers have plenty of
economic incentive to step up output. But developing a new
oil field takes time, and energy companies can do little to
rush projects, industry experts said.

Marathon Oil, a large independent company based in Houston,
is pumping its fields flat out - the equivalent of 365,000
barrels a day, counting crude oil and natural gas. That
includes new fields in Russia that produce 15,000 barrels a
day. Those fields have the potential to yield an additional
45,000 barrels, but only after five more years of
investment and work, said Paul Weeditz, a company
spokesman. Marathon's new projects in West Africa will take
even longer.

"Companies are always under pressure to grow production, so
they are always trying to bring new wells on," Mr Weeditz
said. "Many people may think it's a matter of turning the
tap on and off, and that there's excess capacity, but
that's just not the case."

Major oil producing areas like the North Sea and Nigeria,
which produce the most desirable type of oil, known as
light sweet crude for its low sulfur content, are operating
at capacity. So are many of the refineries that turn the
oil into usable fuels.

United States refineries were running at 96 percent of
maximum output in April, the Energy Department said. As a
result, wholesale gasprices reached record highs last week,
and those prices are quickly passed along to consumers at
the pump.

"The worrying part is that no end is in sight for the oil
price rally," said Jan Stuart, director of energy research
at Fimat USA, the brokerage unit of SociÈtÈ GÈnÈrale.
"Whatever is driving this upward, those factors are not
changing: high demand, lower inventories, supply that is
constrained, and only in part by OPEC decisions, and
turmoil in the Middle East."

Those price records are not adjusted for inflation. Several
times in the 1970's and 1980's, prices hit what would be
higher levels if converted into today's money. But those
spikes occurred when supplies were disrupted by the Arab
oil embargo and the Iran-Iraq war. With world demand so
strong today and spare capacity so slim, the oil market is
highly vulnerable to any new supply disruptions.

Many oil traders worry that terrorists may sabotage oil
facilities, sending prices to new highs that could throttle
the economic recovery. Since the situation in Iraq flared
up last month, oil has become a prime target there. Suicide
bombers tried to attack an offshore Iraqi oil terminal in
late April, then blew up a major pipeline near Basra last
week. Even more troubling, industry experts say, was the
killing of foreign and Saudi oil workers at the Yanbu oil
hub in Saudi Arabia.

"This is the only spare capacity you have in the world,"
said Fareed Mohamedi, chief economist for PFC Energy, a
Washington consulting firm, referring to the Saudi oil
industry. "So you're going to be nervous if there is any
hint of disruption."

Oil traders estimate that unrest in the Middle East has
added a "risk premium" to the price of oil of $4 to $8 a
barrel. Yet even without that turbulence, the price of oil
would probably still be higher now than it has been in
years, given global demand, industry experts said.

The unexpectedly sharp rise, to more than $40 a barrel
today from less than $30 a barrel just 18 months ago, has
not noticeably slowed the economic recovery in the
developed world. Most industries over the last two decades
have found ways to improve efficiency, producing far more
goods with the same amount of energy, and the United States
has had a major shift from energy-intensive industries
toward the service sector.

Even so, the world's appetite for oil is growing at its
fastest rate in 16 years, according to the International
Energy Agency, which tracks oil markets and stockpiles for
industrialized countries. It forecast that the world would
consume two million more barrels a day this year than in
2003, or 80.6 million barrels a day in all. China's great
economic growth is behind much of that increase, and few
analysts foresaw that either China's boom or America's
recovery would be quite so robust, said Lawrence J.
Goldstein, president of the Petroleum Industry Research
Foundation in New York.

That roaring demand has eaten deeply into oil supplies.
Despite lower official quotas, nearly all the members of
the Organization of the Petroleum Exporting Countries are
producing as much oil as possible to cash in on the high
prices, and most major non-OPEC producers are doing the
same. Russia, which is not an OPEC member, is something of
an exception, but it is constrained by how much oil it can
export through its pipelines and railways, all of them
running at or near their limits. Venezuela, an OPEC member,
is theoretically able to produce more oil, but its state
oil company was crippled last year by a strike and an
unsuccessful attempt to oust the country's president, and
it has not recovered fully.

Analysts say that at most 2 million to 2.5 million barrels
a day of spare capacity could sustain production for any
length of time. Nearly all of it is in Saudi Arabia; the
rest is mainly in Kuwait and the United Arab Emirates.

For years, whatever the markets needed to stay on an even
keel, the Kingdom of Saud provided. But since the late
1990's, the country has started to pursue a more
independent oil policy. To increase its oil revenue and
support a growing population and a generous welfare state,
Saudi Arabia has chosen to hold back some production and
let the price of oil rise, said Leonidas F. Drollas, chief
economist with the Center for Global Energy Studies, a
London consulting business. OPEC as a whole, led by Saudi
Arabia, tried to cut output and make it hard for refineries
to build oil stocks, driving prices higher.

But with the price of oil at $40 a barrel and more, the
Saudis are clearly unnerved. Mr. Goldstein said they are
trying to sell more oil now, but have found few takers,
because of the high sulfur content of their crude. Instead,
refineries in China and the United States are competing for
the more limited pool of low-sulfur oil. "There is no sweet
crude spare capacity anywhere in the world," Mr. Goldstein
said. "There is no cushion for the next surprise."

Major oil companies are not bringing on new wells now to
take advantage of high prices, said Ann-Louise Hittle, head
of macro oils at Wood Mackenzie, a consulting firm in
Edinburgh. Burned in the past by price spikes that proved
ephemeral, the oil industry has become extremely reluctant
to invest in wells that would be unprofitable at low
prices, so it has none to reopen now.

Increasingly, the best prospects for new oil have proved to
be in places that are off limits to major foreign oil
companies, said Edward D. Porter, research manager for the
American Petroleum Institute, a lobbying group in
Washington.

While production is declining in areas like the North Sea
and the lower 48 states, many of the most promising fields
are in the Middle East. Oil companies have shelved hopes of
even looking around Iraq soon because of the violence there
and uncertainty about the future. Elsewhere in the region,
most notably Saudi Arabia, domestic political infighting
about foreign involvement in the national oil patrimony has
kept out major Western companies.

The oil companies will keep hunting, but a significant
easing of tight supplies may be several years away,
industry experts say.

"You can't change this overnight," Mr. Goldstein said. "We
need investment in sweet crude production or in refineries
to process high sulfur crude, but there's a gestation
period. Oil producers didn't think high prices were
sustainable, but now they are coming to think they are."

FitShaced · 05-21-2004, 02:08 PM

$2.26 for 9/10 in southern nevada,and that the cheapest place in town.

oh yea blame the war in iraq for the high prices too,think about it,all the jets tanks and other vehicles.

05-14-2004, 10:34 PM	#12
Up In Smoke Sr. Member Join Date: Mar 2004 Posts: 693 Grams: 3,781.55 Groans: 6 Groaned at 2 Times in 2 Posts Thanks: 86 Thanked 142 Times in 93 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Apparently our good ol buddy bush made a deal with the learder of saudi arabia to lower gas prices right around election time; seems like hes sweatin a lil bit. __________________ The pump don't work cause the vandals took the handles.

05-15-2004, 11:52 PM	#13
Beatlejuice Sr. Member Join Date: Jun 2003 Posts: 785 Grams: 2,930.40 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Here it was about 95 cents a liter, but it increased on Friday but I'm not sure how much by. I'd reckon its around 1.00. Personally I think the whole world should keep jacking up the prices on all fossil fuels. There is a VERY limited supply remaining and it is not being renewed. We're going to have to stop using it eventually, and it would be best to do it gradually than to have the world realize at one point that we only have enough oil for five more years. Then the whole world would be in panic. People need to get off their fat fastfood-filled asses and start walking to work. It would help if people drove grocery getters instead of SUV's, but that will only put off the inevitable for a few decades or centuries or whatever. The bottom line is we are going to run out a hell of a lot sooner than we think. __________________ "Zeppelin Ruuuule!" - Otto's last words

05-16-2004, 02:07 AM	#15
Necro Jr. Member Join Date: Apr 2004 Posts: 105 Grams: 960.60 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	2.12-2.18 in Northen Idaho. __________________ God smoked weed, so it's good enough for me.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Ca: Court Overturns Rosenthal's Marijuana Convictions	Plainsman1963	The Drug War Headline News	7	04-29-2006 04:35 PM
9 year olds arrested for bringing 12 bags of pot to school	Mamabudz	Places and People	28	12-30-2003 08:30 AM
I'm a minor, and I need help getting a smoking utensil	chrisms86	Homemade Paraphernalia	21	10-30-2002 03:05 AM
Question of legal wording	Ross	Legal Issues	5	03-24-2002 05:28 PM

05-14-2004, 06:00 PM	#11
Genoi Jr. Member Join Date: Dec 2002 Posts: 335 Grams: 1,493.40 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	i have a corsica, that thing is a TANK. Oh my lord yesterday I hit the giant rock at the end of my driveway. I took that rock out with no damage to my rusty old pos corsica.

Remove Advertisements Marijuana.com Sponsor
Marijuana.com Advertisement	<a rel='nofollow' href='http://adserver.marijuana.com/www/delivery/ck.php?n=a78e9dba&cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'><img src='http://adserver.marijuana.com/www/delivery/avw.php?zoneid=6&cb=INSERT_RANDOM_NUMBER_HERE&n=a78e9dba' border='0' alt='' /></a>

05-16-2004, 12:07 AM	#14
Peety Jr. Member Join Date: Nov 2002 Posts: 518 Grams: 1,002.30 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Just checked today, local gas station Southern California. $2.35/gal

05-16-2004, 08:25 PM	#16
bobthegiraffe New Member Join Date: Feb 2003 Posts: 11 Grams: 658.90 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Around here, Just North of Seattle, it starts at about 2.25 to 2.50, f*cking outrageous

05-16-2004, 09:13 PM	#17
bella New Member Join Date: May 2004 Posts: 24 Grams: 766.10 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	1.99 - 2.14 here in buffalo,MN

05-21-2004, 02:08 PM	#20
FitShaced Jr. Member Join Date: Feb 2004 Posts: 990 Grams: 1,478.60 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	$2.26 for 9/10 in southern nevada,and that the cheapest place in town. oh yea blame the war in iraq for the high prices too,think about it,all the jets tanks and other vehicles.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

New To Site?	Need Help?
Register to Participate View Forum Leaders Contact Us	Frequently Asked Questions Did you forget your password? Mark Forums Read

Marijuana.com

Hot Products: