Price of gasoline (petrol to some) - update

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Re: Price of gasoline (petrol to some) - update

 
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  #11
Nov 23rd, 2008
In Ireland it's about €1.10 a litre, a gallon is 3.785411784 litres, which translates to about $5.20 for a gallon of Irish petrol.

How do ye decipher between petrol and diesel? Are they both called gas?
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Re: Price of gasoline (petrol to some) - update

 
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  #12
Nov 23rd, 2008
No, they're not. Ironically, gasoline and diesel are both made from petroleum, so they both should be called petrol.

Gas prices haven't gone down here. I believe it's because the government subsidizes the cost heavily.
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Re: Price of gasoline (petrol to some) - update

 
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  #13
Nov 23rd, 2008
Originally Posted by vmanes View Post
Production can be increased and decreased - sometimes it's a matter of how much effort companies want to put into it (that is, cost of extraction.) I think "oil reserves" is a figure that's more important. That's a measure of what's believed to be in the oil fields that are being exploited. There's always more out there waiting to be found - under the ocean, deeper down, in places that haven't been investigated. Seems we keep having 50-150 years of oil still in the ground, year after year.

Is the amount of oil underground/undersea a finite quantity? Most likely. Are we likely to exhaust the economically recoverable portion of that in our/our kids/our grandkids/our greatgrandkids' lifetimes? Probably not. Should we be looking for means to reduce oil use, or at least slow the growth of its use? Certainly.

But not for Al Bore's reasons.
'Proven Reserves' are stated by interested parties with reasons to overstate them. These are unaudited claims that <mysteriously> increased by 50% from 1985-87 (from your link). What I am talking about is Peak oil production which is different than that; POP is currently 85 million barrels per day. Current world oil consumption is 80.290 million barrels per day. India is ramping up production of a cheap car; China is ramping up production of a cheap car - world consumption is going to outstrip POP very soon. It does not matter how much oil is under the ground if it can not be pumped fast enough to meet supply. Running out of oil is not the problem, getting it out of the ground is the problem and we've got about 90% of the easy stuff under production.

Taking cheap shots at Vice President Gore is not the sign of a strong argument.
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Re: Price of gasoline (petrol to some) - update

 
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  #14
Nov 23rd, 2008
Taking cheap shots at Vice President Gore is not the sign of a strong argument.
No, but it's still fun. And he's not vice president any more.
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Re: Price of gasoline (petrol to some) - update

 
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  #15
Nov 24th, 2008
Originally Posted by vmanes View Post
No, but it's still fun. And he's not vice president any more.
Yeah! I would take a couple cheap shots at our current VeeP but I am afraid of Black Helicopters <shudders and looks over shoulder>
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Re: Price of gasoline (petrol to some) - update

 
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  #16
Nov 24th, 2008
I sent Cheney a nasty email with a link to your DW page. Keep an eye out for tax audits!




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Re: Price of gasoline (petrol to some) - update

 
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  #17
Nov 25th, 2008
Ouch! How are they going to read "cheap shots"? <listens for a faint wuffle of impellers> - my attack kitty is waiting
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Re: Price of gasoline (petrol to some) - update

 
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  #18
Nov 26th, 2008
Originally Posted by GrimJack View Post
Ouch! How are they going to read "cheap shots"? <listens for a faint wuffle of impellers> - my attack kitty is waiting
As long as you're with him shooting at lawyers, it's OK. You don't need to use the expensive ammo on them.
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Re: Price of gasoline (petrol to some) - update

 
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  #19
Nov 26th, 2008
To get back on topic, US gas price is now at about the level it was in early 2004. In the last six months prices of many goods rose along with gas, due to production and transportation increases. Anyone notice price drops of thing that went up?

Really, what's the cause of this steep decline of oil price? I've not seen any good explanations yet.
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Re: Price of gasoline (petrol to some) - update

 
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Jan 6th, 2009
"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." --Ayn Rand
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