coolidge said:Got pricing today for next years oil at a building we own. $3.89 gal I am thinking of the P and M Optimizer 500 to take over, just dont want to c/s that much wood. Its gonna hurt
flyingcow said:The whole thought of the sky is the limit on oil prices................not sure if I agree, the world market will not support it. I am usually wrong. But the world economy will go into a depression that we have never seen on high oil prices, if they never lower the prices. It's not sustainable.
But the world economy will go into a depression that we have never seen on high oil prices, if they never lower the prices. It’s not sustainable.
All this bs of 30 mpg / flex fuel is a gimmick.
flyingcow said:Should not be burning our food for fuel
EricV said:Ethanol is a total scam by the corn lobby.
In my opinion the big devils are the speculators. They get to drive the cost and that will drive supply and demand. When the price is high demand drops so they drop the price a bit and demand goes up as people start buying big SUV's again.
This will only be changed by changing our fuel hungry culture, like the folks that gather here are doing.
People blame the oil companies, I really don't think they are at the root of the problem. For example, Exxon/Mobil makes a ton of money and people get all worked up over their record profits. But, if you look at the profits they make it is always right in line with what is expected of a larger corporation, between 9 and 11 percent. They have an obligation to their stock holders to make them a profit and 9 to 10 % is reasonable for a large corp. Most entertainment companies make much more than that.
Now I'm not lobbying for the oil companies but I feel it's the speculators that are bending us over the barrel.
just my 2 cents
Eric
EricV said:flyingcow said:Should not be burning our food for fuel
Especially the what use to inexpensive food for developing countries. Corn at nearly $7 a bushel is leaving people hungry and the politicians fat.
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