$ 6.00 @ gal.

[Samdweezel05]

$138.50 to fill my truck today.

 

[TonyR]

Of course, every cloud has a silver lining as they say. I just justified buying a 40X rimfire barreled action that will drop into my Rem 700 SA F-Open stock. It will let me practice 5 minutes from home instead 90 miles to where I usually practice center fire. I expect it pay for itself on less fuel getting to the range over the next year, not to mention componenets and reloading time.

Tony, if gas prices go down, will you sell 40X rimfire barreled action? ;D

Don't hold your breath!!!

 

[johara1]

I just wonder where the North Dakota oil will go and how they can justify sending it out of the country? Like Alaska, none goes here. Sunoco shut down a refinery, didn't need it......jim

Tony, Right now a hundred and if i talk nice to the next farmer 1K....jim

 

[johnu]

Well, there may be enough untapped reserves in the US to replace imported oil, but at what cost? I can tell from what's written in the preceding posts that most of ya'll haven't worked in the oil patch but take it from someone who has - the cheap stuff is long gone. And if the dollar continues to slide against other currencies, others will outbid us for foreign oil, and we may see more exportation of our own production.

North Dakota? Estimated reserves at just over a billion barrels - that's good for 50 days at our current daily consumption of 20 million barrels. ND's annual production is enough to cover our consumption for 4 days.

Me? My diesel Jetta gets around 38mpg in town and about 50 on the highway. (I cannot understand why no US manufacturers sell small diesel vehicles like they do abroad.) Probably get a Nissan Leaf next year for commuting and short trips. May put together an electric motorcycle for really cheap transportation - about .6 cents a mile for fuel, no oil changes, no tune-ups. Whenever I need a truck, I either rent or borrow one - if borrowed, I always return it with a full tank.

I know why petroleum-based fuel is rising in price, but instead of blaming somebody (somebody IS to blame, and it's not who you think) I'm going to do something about it.

John

 

[40X Guy]

Well, there may be enough untapped reserves in the US to replace imported oil, but at what cost? I can tell from what's written in the preceding posts that most of ya'll haven't worked in the oil patch but take it from someone who has - the cheap stuff is long gone. And if the dollar continues to slide against other currencies, others will outbid us for foreign oil, and we may see more exportation of our own production.

North Dakota? Estimated reserves at just over a billion barrels - that's good for 50 days at our current daily consumption of 20 million barrels. ND's annual production is enough to cover our consumption for 4 days.

Me? My diesel Jetta gets around 38mpg in town and about 50 on the highway. (I cannot understand why no US manufacturers sell small diesel vehicles like they do abroad.) Probably get a Nissan Leaf next year for commuting and short trips. May put together an electric motorcycle for really cheap transportation - about .6 cents a mile for fuel, no oil changes, no tune-ups. Whenever I need a truck, I either rent or borrow one - if borrowed, I always return it with a full tank.

I know why petroleum-based fuel is rising in price, but instead of blaming somebody (somebody IS to blame, and it's not who you think) I'm going to do something about it.

John

Good post John, I am on the same track as you and doing something about the issue as well. I saw this coming in November 2007 and got rid of my hot rods and big Chevy truck, got back into my precision shooting which requires no fossil fuels to ignite my powder charge, and can drive to my shooting range with my 4 wheeler. I figure if fuel goes to 5 or 6 bucks, I will have much more trigger time and that is not a bad thing.

Frank

 

[shooter65]

Can't eat or drink gold. So that also will be useless.... ;D

 

[JohnO]

So, isn't part of the domestic problem a lack of refineries? That's what I used to hear - that the supply of crude is not that bad but there hasn't been a big increase in refineries in the past several years as if all these folks want gasoline cheap but they don't want refineries in their back yards. They have to be near the oil supply so it isn't like they can put them anywhere. I am just guessing. Now in Oregon, all these green people who "did the right thing" and bought electric death traps are going to have to pay a fee because they don't pay the gas tax. I suppose next the politicians will go after hybrid owners, too. If someone could invent an engine that ran on methane, we could just tap the guys in the state house. Maybe I'll see obligatory mileage trackers on bicycles to tax the krap out of them, too.

 

[johara1]

John, I saw it coming also and have a 2010 jetta and we use it the most. Last fill up it averaged 42.37 and Subaru forster gets about a average 24 and 30 on trip. The jetta has not been on a trip to find out.
The VW and Subaru both make very high MPG. vehicles and the gov. will not let them import them and i know Ford also has them but i think big oil keeps them out.......jim

 

[dtucker]

I personaly think if we were all driving cars that got 75 to 100 miles to the gallon it would'nt matter. Our goverment and local goverment is not going to take a cut on revenue and they will get their money anyway they see fit. As soon as we find a way or are forced to change our ways they just come back and get it somewhere else. Gas is not the only place they can attack your pocket book.

 

[shortgrass]

CNG,,,, Compressed Natural Gas. Pipelines all over the country. Trillions of cubic feet untapped. Currently an OVER SUPPLY. Not importable or exportable. Same stuff some of you heat your homes with in the winter, heat your hot water with, fuel for your 'gas' range in the kitchen. Current price,,, $1.39! Anybody remember farm trucks being on propane? Same deal, just different fuel.

 

[johara1]

They are going to sell the natural gas to China to drive the prices up here. They will fill there pockets again,our leaders are good at looking for a new way to line there pockets at our expense....jim

 

[AusFclass]

at the moment the AUS dollar is worth $1.06US and we are paying $1.45aus/ leter. . . . after doing the maths that works out to. $6.91US a gallon!!!! you still live in the lucky country boys.

 

[Jim See]

They are going to sell the natural gas to China to drive the prices up here. They will fill there pockets again,our leaders are good at looking for a new way to line there pockets at our expense....jim

Jim is absolutly right! I heard there going to drill a pipe directly thru the center of the earth to get it there

 

[TonyR]

I personaly think if we were all driving cars that got 75 to 100 miles to the gallon it would'nt matter. Our goverment and local goverment is not going to take a cut on revenue and they will get their money anyway they see fit. As soon as we find a way or are forced to change our ways they just come back and get it somewhere else. Gas is not the only place they can attack your pocket book.

Right on, Dan. For example, property tax bills in Florida haven't declined by a tiny fraction of the decline in property values. Florida has no state income tax and the state depends very heavily on property tax revenues to pay its bills.

 

[Jim See]

North Dakota? Estimated reserves at just over a billion barrels - that's good for 50 days at our current daily consumption of 20 million barrels. ND's annual production is enough to cover our consumption for 4 days.

John

there is a few more billion then you stateed
quoted text from earlier links.


The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.' says Terry Johnson, the Montana Legislature's financial analyst.

'This sizable find is now the highest-producing onshore oil field found in the past 56 years,' reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada. For years, U.S.oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough ha s opened up the Bakken's massive reserves... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That's enough crude to fully fuel the American economy for 41 years straight.

2. [And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO, people!]

U.S.Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006 Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world is more than 2 TRILLION barrels. On August 8, 2005 President Bush
mandated its extraction.

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:


-8-times as much oil as Saudi Arabia
-18-times as much oil a s Iraq
-21-times as much oil as Kuwait
-22-times as much oil as Iran
-500-times as much oil as Yemen- and it's all right here in the Western United States.

 

[shortgrass]

They are going to sell the natural gas to China to drive the prices up here. They will fill there pockets again,our leaders are good at looking for a new way to line there pockets at our expense....jim

Ya' can not put natural gas on a boat for shippment. The only practical mode of transportation is thru a pipeline.

 

[15Tango]

Last time I filled up it cost me nearly $12!! It's making me livid, at least I get 50 MPG. Buy motorcycles, people, with these gas prices they're paying for themselves.

 

[shortgrass]

I personaly think if we were all driving cars that got 75 to 100 miles to the gallon it would'nt matter. Our goverment and local goverment is not going to take a cut on revenue and they will get their money anyway they see fit. As soon as we find a way or are forced to change our ways they just come back and get it somewhere else. Gas is not the only place they can attack your pocket book.

Right on, Dan. For example, property tax bills in Florida haven't declined by a tiny fraction of the decline in property values. Florida has no state income tax and the state depends very heavily on property tax revenues to pay its bills.

Suppose government is just too big and too bloated, then?

 

[moparman]

I drive 130 miles round trip everyday and practically work just to afford to drive to work. I already bought a car a couple years ago that gets mid 30s sacrificing comfort and saftey (tiny car) leaving my steet/strip car collecting dust and my wive driving my truck locally running kids around etc. As stated before governments fed, state already feel the squeeze of their own mileage standards in decreased tax revenue. Rumor has it several states are looking at mileage devices on vehicles for annual mileage tax (minnesota is one already reviewing the technologies). It will never end because too many people in society will put up with it and move on. I could fill pages with my thoughts but....... that's probably the majority of us. I am fortunate enough to have my own range at home, nothing fancy but a sturdy bench and a large hill for a backstop ranged at 312yds not perfect and I wish it was longer but its functional.

 

[40X Guy]

Big brother is waaay too big, they continue to look for more ways to control the people and take their hard earned money. Biggest employers in most counties in Pa. are now government. Nobody is doing an honest hard day of work anymore manufacturing goods and services. Too many people on the corporate/guv payroll with zitts on their behinds telling the serfs how, when, why and where to do things. Knock down guv to 80% of its current level people wise, as guv. is only there to serve people not control them. Hard work made this republic what it once was, lack of hard work will destroy us.

The guv doesn't do what they are supposed to do, which is protect the interests of the people. They dropped the ball on this gas thing years ago. No more new refineries being built, limited off shore exploration, too much control by the greenies, et al, on and on. Instead they let a bunch of Wall St. speculators who sit on their you know what control prices of crude. Along with many other scenarios beyond our control. Demand is way down in the US now, people are only driving to work and the grocery store. And when crude was 147 3 years ago, gas was around 4.09, now its 112 and gas is 3.99. So what gives? Are they pushing for 5 bucks a gallon, then they drop it to 4.29? Then everybody is happy?

Frank