The anything thread.

RIVA

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On a golf tour in Ireland, Tiger Woods drives his BMW into a petrol station in a remote part of the Irish countryside.
The pump attendant obviously knows nothing about golf, greets him in a typical Irish manner completely unaware of who the golfing pro is.
Top of the mornin’ to yer, sir” says the attendant.
Tiger nods a quick “hello” and bends forward to pick up the nozzle.
As he does so, two tees fall out of his shirt pocket onto the ground.
“What are dose? asks the attendant.
“They’re called tees” replies Tiger.
“Well, what on the god’s earth are dey for?” inquires the Irishman.
“They’re for resting my balls on when I’m driving”, says Tiger.

“Fookin Jaysus”, says the Irishman, “BMW thinks of everything
 

Sierra1

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Ah, the good ol' days. :rolleyes: I've seen a lot of pictures from that month/year recently. People documenting prices because they knew what was coming. And Putin had nothing to do with it.
 

magic

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Another example of price gouging. The oil companies were already making record profits before the current events. They like to profit from pain. At the current prices, over 30% is pure profit. The poor retailer only makes a few pennies per gallon.
 

Sierra1

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My "favorite" part was, after making record profits in '08 and telling the consumer that it wasn't their fault. They tried to convince us that it was the market's fault. And then a couple of years ago when the gas prices were really low, the oil companies were whining and complaining about not making any money, and wanted help. The only entity that needs help is the consumer.
 

Checkswrecks

Ungenear to broked stuff
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Yesterday was my first hundred dollar fill-up in my Transit van.
That sucked.
:mad:
It kills me when the oil companies and politicians say the answer is simply to drill more. While the US is the world leader in both consumption and production, the problem is that much of the type of oil under our dirt is the wrong kind for gasoline, diesel, and Jet. We import a lot from Canada and Mexico, so even if the oil companies were allowed to drill openly in the US, they will still have to export the light crude for their own profit. We as a Nation still need to import the heavier stuff.

Not much can change that we have to buy much of our oil for gasoline on the international market and compete for it with the rest of the world. Cut off the huge amounts produced by Russia and it's basic supply & demand.

fwiw historically -
 

thughes317

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The Bluegrass, KY
Yesterday was my first hundred dollar fill-up in my Transit van.
That sucked.
:mad:
It kills me when the oil companies and politicians say the answer is simply to drill more. While the US is the world leader in both consumption and production, the problem is that much of the type of oil under our dirt is the wrong kind for gasoline, diesel, and Jet. We import a lot from Canada and Mexico, so even if the oil companies were allowed to drill openly in the US, they will still have to export the light crude for their own profit. We as a Nation still need to import the heavier stuff.
And this is because our refineries spent billions gearing up to refine cheap imported heavy sour crude over the past couple of decades. Refitting to refine our domestic light sweet crude would require billions more and several years to transition.....negating any possible near-term relief from high gasoline prices.

From a local news article I read earlier today:

"Since 2018, the U.S. has been the biggest oil producer in the world. More than two decades ago, many U.S. refineries invested in equipment that processed heavy low quality crude, commonly called sour crude, more efficiently and cheaply. Then the fracking boom hit, and that crude is a light higher-quality crude, commonly called sweet crude.

Much of that sweet crude is being produced in Texas in the southeastern part of the state as well as the Permian Basin. And a whole lot of oil is being refined on the Gulf Coast of Texas. Here's the irony. Many of those Gulf Coast refineries can't process light crude coming from their own state.

So they import the low-quality (sour) crude from countries like Canada and Saudi Arabia, and the U.S. exports the light crude to Europe, leaving us all tethered in trade.

Why don't refineries just retrofit equipment to process light crude so we can keep that oil in the U.S? The answer is simple: money. It costs billions to retrofit refineries that they just invested billions in just 20 years ago. So in the short term, it’s cheaper to just import it."
 

Sierra1

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But electric cars will cure that . . . . right? :rolleyes: And when did natural gas go from being on then "ok" list . . . . to the "green house gas" list? :confused:
 

Jlq1969

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And why not see things from another point of view? If we already know that oil is a "finite" resource... it would not be better to consume the oil of others (even if it is heavy), so that the day that the "finite" comes to an end, to have under your own feet, within your own territory, sufficient reserves to continue operating for “many” more years….the “strategic reserve” that the USA has in a “refilled” way…..it will be enough to last a couple of months….but the amount of oil without extract from natural deposits?, how long would it take??……
although today “imported” oil is more expensive to distil… that price will be paid by the citizens who exist today, so that in the not too distant future, the citizens who exist at that time can continue, without the restriction of lacking Petroleum. If the oil runs out tomorrow, those who have reserves will be able to "survive" for some more time…..but can you imagine what would happen in a country that ran out of oil and that no other country would sell it?…..I think the population would be eliminating each other
Maybe I shouldn't have seen Mad Max:)

Probably that light crude that is sold to Europe is to keep the internal economy balanced, otherwise, all the money injected into the economy as "aid"... would cause higher inflation rates
 
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