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hillbillyatheist
Administrator
Joined: 29 Jun 2004
Posts: 16071
Local time: 3:53 AM
Location: Denver Colorado.
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 Posted: Thu May 22, 2008 8:01 pm Post subject: |
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| that too. |
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ShadowWulf
can see you while you sleep
Joined: 15 Apr 2008
Posts: 765
Local time: 1:53 AM
Location: San Bernardino, CA
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| Posted: Fri May 23, 2008 1:36 am Post subject: |
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I just paid $4.25 a gallon here today (SoCal) at a shell station.
Fuck, i used to drive a 73 F-250 w/460 big block and a 750 cfm demon carb and open headers. That thing got about 2 miles per galon (you could race the gas gauge and the tach and flip a coin as to who won). Dual gas-tanks on that baby, it would be close to $200 to fill it up im thinking. My T-Bird is $80 and its only a 4.6l V8. 
Meh, thats why i drive a ghetto 2.0l tempo to work now. |
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skinny
Forum Leader
Joined: 25 Jan 2005
Posts: 1442
Local time: 3:53 AM
Location: West Palm Beach, FL
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| Posted: Fri May 23, 2008 6:02 pm Post subject: |
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Crude oil priced in US dollars
1 ounce = 28.35 grams
~ = approximate value
In 2000-2001, gold was ~$275/oz; crude oil was at ~$25/barrel
Now gold is ~$920/oz; crude oil at ~$125 barrel
If you crunch out the math the 2nd chart makes sense. The price of crude oil has been relatively stable to the price of gold. So if our currency was based on a gold standard, oil's price would stay about the same.
skinny
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josephpalazzo
Illusion Master
Joined: 30 Aug 2006
Posts: 8036
Local time: 3:53 AM
Location: D-brane
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| Posted: Fri May 23, 2008 6:07 pm Post subject: |
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I'm basically a pedestrian, so i don't give a fuck about oil. OTOH, corn on the cob will become a delicacy for the rich...  |
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pr126
resident misanthrope
Joined: 03 Jan 2005
Posts: 8853
Local time: 8:53 AM
Location: Londonistan
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| Posted: Fri May 23, 2008 11:31 pm Post subject: |
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joe wrote:
| Quote: | | I'm basically a pedestrian, so i don't give a fuck about oil. OTOH, corn on the cob will become a delicacy for the rich... |
Nonetheless, it will still affect you, as oil is used for the multitude of product and services that you purchase.
The price of oil pushes up the price of transport of goods, public transport, utility services, food, most product use oil in their manufacturing process, so yes, it will still impact you in many ways.
I don't own a car either. (can't afford it, and it is not essential for me).
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“The hardest thing to explain is the glaringly evident which everybody had decided not to see.” - Ayn Rand |
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