Oil prices

mudwrx
mudwrx Posts: 367
edited February 2011 in The Clubhouse
So with all the turmoil in the Middle East I decided to fill my home oil tank now before it gets totally ridiculous.

When I got in to work I checked the prices, they were $3.35 per gallon. When I got a chance to call about 90 minutes later it was at $3.40. Up 5 cents in 90 minutes.

Today it is at $3.43.

Amazing how fast these prices rise, yet when things become stable they never seem to come down as fast.

Anyway, gonna be some good coin to fill my tank but I don't want to risk having to fill it if the prices get even higher (although I'll have to fill it again at some point, just hoping the prices come down by then).
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  • mhardy6647
    mhardy6647 Posts: 33,763
    edited February 2011
    that's why I always buy a contract and lock in every season.
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  • mudwrx
    mudwrx Posts: 367
    edited February 2011
    mhardy6647 wrote: »
    that's why I always buy a contract and lock in every season.

    Ya, I'll be looking in to that too.
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  • mhardy6647
    mhardy6647 Posts: 33,763
    edited February 2011
    Over 20 years, I think it's been a net benefit for us.
    I do think we're going to go to gas (propane) in our retirement house, though.
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  • DMara
    DMara Posts: 1,434
    edited February 2011
    We're still luckier than other countries; $3/gallon for us, $3/litter for them.
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  • maximillian
    maximillian Posts: 2,144
    edited February 2011
    Where I get my oil:

    http://www.glowoil.com/pages/cfHome.cfm

    My tank is at 1/4. Maybe I should order now. They don't lock in. Last year I was paying $2/gal. :(
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    DMara wrote: »
    $3/gallon for us, $3/litter for them.

    If you could heat your house with litter, I'd actually consider getting a cat.
    If you will it, dude, it is no dream.
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  • mhardy6647
    mhardy6647 Posts: 33,763
    edited February 2011
    bobman1235 wrote: »
    If you could heat your house with litter, I'd actually consider getting a cat.

    I think you could probably just heat your house with cats and be ahead of the game...
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  • AsSiMiLaTeD
    AsSiMiLaTeD Posts: 11,726
    edited February 2011
    bobman1235 wrote: »
    If you could heat your house with litter, I'd actually consider getting a cat.
    LOL, took ma half a second to catch that
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  • mudwrx
    mudwrx Posts: 367
    edited February 2011
    maximillian wrote: »
    Where I get my oil:

    http://www.glowoil.com/pages/cfHome.cfm

    My tank is at 1/4. Maybe I should order now. They don't lock in. Last year I was paying $2/gal. :(

    I'd seriously consider filling now. Prices look to only go up with all the craziness in the wonderful Middle East.
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  • muncybob
    muncybob Posts: 3,039
    edited February 2011
    It's bad and looks like it will get worse before/if it will get better. Wish this country would have gotten serious about oil back in the 70's when oil spiked. We came back stateside in 74 when people were complaining about oil/gasoline pricing and just as mentioned here, Europe was dealing with prices 2 to 3 times the U.S. pricing, that should have been a wake up call but instead it was a lot of hot air from our govt. which quickly evaporated.
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  • tonyb
    tonyb Posts: 32,957
    edited February 2011
    Well, as you can see, they are rushing to issue permits to drill in the gulf....NOT !!
    Not a word spoken, not a word even asked by the press. I suppose we will wait untill 6 or 7 buck pump prices get people pissed off enough. Nothing like being on top of things. Anyone want to have that arguement again about this being on purpose ?
    We can't control what happens over there, but we can here at home, and from where I sit, doing nothing seems to be just fine with those in D.C.
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  • ricohman
    ricohman Posts: 12
    edited February 2011
    Although I understand why we pay so much for fuel when we are an exporting nation, it still pisses me off when an incident on the other side of the world raises my prices at home.
    Supply and demand in a global market I guess.
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  • nooshinjohn
    nooshinjohn Posts: 25,392
    edited February 2011
    tonyb wrote: »
    Well, as you can see, they are rushing to issue permits to drill in the gulf....NOT !!
    Not a word spoken, not a word even asked by the press. I suppose we will wait untill 6 or 7 buck pump prices get people pissed off enough. Nothing like being on top of things. Anyone want to have that arguement again about this being on purpose ?
    We can't control what happens over there, but we can here at home, and from where I sit, doing nothing seems to be just fine with those in D.C.


    Let's not forget about the environmental impact we would have on the endangered granite boulders in the Alaskan National Wildlife Preserve:rolleyes:...

    I agree with you Tony. Everyone here knows how I feel already about this bs, so I won't rehash it here. Let's just say that it all the pieces are coming together and it does not end well.
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  • miner
    miner Posts: 1,305
    edited February 2011
    No let up by our fabulous administration to allow us to start drilling again in the Gulf. No APDs (Application for Permit to Drill) approved since last April. They are going to ram alternative energy down our throats as fi we haven't been trying to come up with one in the past. Efficientcy is key, and nothing efficient has been designed to date. +52000 wells drilled in the US Gulf with only one major issue that could have been avoided easily. Ban BP from operating in the Gulf and let the safe operators continue onward.
    [
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  • treitz3
    treitz3 Posts: 19,004
    edited February 2011
    Miner, who's to say that the other companies are safe? They may be safer now since what happened to BP but.....

    Every company can get too large for their own britches. Not every detail is 100% scrutinized at those depths. Scapegoats are easy to find and upper management usually knows nothing about the details anyway, until a catastrophe happens.

    Only then do they claim that they were on top of it and immediately proceed to shift responsibility elsewhere. It's like the unwritten American Corporate law or some s@#t.

    Point is, this same situation can be looming anywhere else. Just hasn't happened......yet.
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  • muncybob
    muncybob Posts: 3,039
    edited February 2011
    I feel bad for those relying on oil to heat their homes. It was already very expensive to do this before this recent price jump...many people around here pay well over $4k per year just for heat. With the talk of reducing funding or even eliminating completely certain entitlement programs such as home heating aid a lot of people will be wearing heavier sweaters in the winter! Perhaps more people will be watching TV in bed...maybe this will lead to the next population increase? :) Which of course will be more cars on the road, more heating bills and an increase in need for oil......hmmm.
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  • miner
    miner Posts: 1,305
    edited February 2011
    Proven track records are a good indicator of how safe other operators are. BPs record is horendous throughtout their organization. I read the entire Macondo incident report by the Govt (+300 pgs) and it is pretty much a given that shortcuts, money-saving decisions were the basis for the accident. All avoidable with proper decisiom matrix tree in place. There a certain major tests run at depths that if they do not indicate 100% well intregrity then intervention is required to keep the well under control. Cost more, yes - but you cannot put a price on safety. Apparenlty BP leaders thought the costs involved on improving the well intregrity was too much on a project that was over budget already. All about margins, not safety to BP.
    [
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  • treitz3
    treitz3 Posts: 19,004
    edited February 2011
    All due respect, that still doesn't say or prove that other companies haven't done or are doing the same thing. I'm not trying to go head to head with you....I'm just sayin....
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  • jflail2
    jflail2 Posts: 2,868
    edited February 2011
    Which honestly leads to the bigger question; where are our alternate fuels?

    I think biofuel is garbage, as is the electric car, but I'd be curious how far along our hydrogen culling is. That seems like the one real viable alternative to oil in regards to powering our autos.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    Ther'es nothing wrong with the idea of an electric car, the question is where do you get the electricity and how do you store it? Neither of those things have been developed enough for it to be a viable alternative... BUT early adopters do help fund research, so... say what you will about the Prius and its ilk, but the popularity has driven a lot of battery-related research, which is definitely a positive.
    If you will it, dude, it is no dream.
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  • jflail2
    jflail2 Posts: 2,868
    edited February 2011
    And that's the kicker bob. Where do we get the energy from? Plug it into an outlet and let a plant burning massive amounts of coal power it? Sort of 6 of 1, 1/2 a dozen of the other in my book.

    But agreed 100% on the early adopters; whatever it takes to drive innovation in what seems to be a somewhat stagnant industry.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    The IDEA (I'm not saying this is truth) behind all fo those things is that it's more efficient for a large plant to create energy in bulk and deal with the pollution from that than it is to have 300 million miniature plants driving around dealing with their own waste. How that works into the real world.... God only knows.
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  • tonyb
    tonyb Posts: 32,957
    edited February 2011
    bobman1235 wrote: »
    The IDEA (I'm not saying this is truth) behind all fo those things is that it's more efficient for a large plant to create energy in bulk and deal with the pollution from that than it is to have 300 million miniature plants driving around dealing with their own waste. How that works into the real world.... God only knows.

    easy...it doesn't. I see it more so as trading the devil you know for the devil you don't. Do you honestly believe once a good portion of americans switch to electric cars, that the fee for charging them up at a station will be nominal ? Plus I don't see a future for it in colder climates.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    tonyb wrote: »
    easy...it doesn't. I see it more so as trading the devil you know for the devil you don't. Do you honestly believe once a good portion of americans switch to electric cars, that the fee for charging them up at a station will be nominal ? Plus I don't see a future for it in colder climates.

    Oh I was only referring to pollution-related concerns. I'm sure the people who make money will continue to make money.
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  • tonyb
    tonyb Posts: 32,957
    edited February 2011
    Actually my good man, if you research how the batteries are made,from the mineing of the sulfer to shipping all around the world, it's probably worse for the environment.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    tonyb wrote: »
    Actually my good man, if you research how the batteries are made,from the mineing of the sulfer to shipping all around the world, it's probably worse for the environment.

    Yes yes, I've haerd it all, I am not defending or takign the side OF the pro-electric car movement, I'm merely trying to state their position.

    Whether current Hybrids are better or worse for the environment, people buying them now puts funding in the hands of the people who WILL create the next generation of fuel, whatever it happens to be. Global Warming (climate change, whatever the F they're calling it) may or may not be real and may or may not be significant, I honestly don't know or care. Burning huge amounts of fuel isn't GOOD for the environment by any stretch, even if it's not as bad as some would like us to believe. THe huge clouds of smog over major cities, and the air quality in those cities, are pretty obvious, and it's pretty obvious what causes them. And the fact remains, that if humanity lives long enough (always a question), we WILL run out of oil. That's not hippie nonsense, that's a fact; it's a finite substance. We may have many years of it left, but at SOME POINT we'll need something different, and it can't hurt to start looking now. Get enough researchers doing work and they may just find the next truly clean fuel. No matter what you think of AL Gore and his minions, I can't imagine why anyone wouldn't want that outcome.

    The anti-hybrid / electric folks tend to get mad at the pro- folks because of legislation and lack of choice and all that, and I totally get that, but no matter what side of that part of the argument you're on you have to recognize that the status quo won't work forever, and especially those of you who have or want kids should hope we're at least moving towards a plan that could mean they actually have something to drive around with.
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  • shack
    shack Posts: 11,154
    edited February 2011
    I think breeder reactor technology needs to be revisited. If we had gone forward with this in the 70s we might not even be having this conversation in 2011 and oil would be the problem of the developing nations...not us.
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  • treitz3
    treitz3 Posts: 19,004
    edited February 2011
    Shack, what's that? Breeder Reactor technology....
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  • shack
    shack Posts: 11,154
    edited February 2011
    treitz3 wrote:
    Shack, what's that? Breeder Reactor technology....

    A nuclear reactor that generates new fuel material at a much greater rate than it consumes. As it generates power via nuclear fission...it creates more nuclear fuel than what it just used...with less waste. There are several different materials that can be used..not just the uranium used in most nuclear plants now.

    They were building one just down the road from me in the 70's...the Clinch River Breeder Reactor in Oak Ridge TN. They had gone so far as having the site prepped and ready for contruction. Congress shut it down in the early 80's by not funding the construction...even though Reagan wanted to go forward. It was to be a liquid metal fast breeder reactor that was to be a prototype for the rest of the country. I know the Russians, Indians and Chinese are looking at it now. We could have had it 25 years ago.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    Freakin Jane Fonda and the China Syndrome set energy in this nation back more than any other single event in history.
    If you will it, dude, it is no dream.
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