Do I need to call BS?

MXrider38 · 07-01-2008, 07:47 PM

A friend of mine was just telling me the other day the she had heard about the government admitting to misusing our resources. The alleged story is that they came out and said that they misused used our oil resources and that we actually have more reserves than originally thought. She went on to tell me that they were tryin to pass a bill which would go through this month that would cause the price of gas to go back below 3 bucks a gallon. I would love to know where she got this info because I have neither heard or seen anything on it. So I was wondering if anyone else had heard this, though I call bs on her story.

Taittinger · 07-01-2008, 07:48 PM

We do have more reserves; we just do not avail ourselves of it.

MXrider38 · 07-01-2008, 07:50 PM

I guess I should have been more specific. I was callin bs on the fact there is no way that gas is goin below $3 again.

InS0mNiAc · 07-01-2008, 07:55 PM

I think she was talking about the bill the senate denied that would have stopped speculation in the market?

solefald · 07-01-2008, 07:56 PM

we will NEVER see gas prices even close to $3. If this was even remotely true, it would be all over media by now. Tell your friend to stop believing in conspiracy theories.

MXrider38 · 07-01-2008, 07:57 PM

Quote:

Originally Posted by solefald

we will NEVER see gas prices even close to $3. If this was even remotely true, it would be all over media by now. Tell your friend to stop believing in conspiracy theories.

Either that or I should have told the bartender to cut her off.

iatacs19 · 07-01-2008, 08:04 PM

Quote:

Originally Posted by MXrider38

Either that or I should have told the bartender to cut her off.

What is she drinking?, because I want to binge on that ish.

chuck92103 · 07-01-2008, 08:04 PM

Quote:

Originally Posted by solefald

we will NEVER see gas prices even close to $3. If this was even remotely true, it would be all over media by now. Tell your friend to stop believing in conspiracy theories.

I hope you are wrong. At $3 per gallon we have 10-15% inflation. At $4-6 per gallon, 30% or more. Food costs alone are skyrocketing as it is.

Companies are cutting back and laying off workers all over.

It will be a very bleak future for the U.S. if gas does not get back under $3 soon. If it never does, say goodbye to your future. Inflation will be rampant, savings not possible, and many unemployed.

MXrider38 · 07-01-2008, 08:11 PM

Definately hurts my pockets in the automotive industry.

ska///235i · 07-01-2008, 08:15 PM

So who exactly control the gas prices? the Gov right?
if so....this shiet aint never going down

Dragonman4 · 07-02-2008, 09:05 AM

Quote:

Originally Posted by ska

So who exactly control the gas prices? the Gov right?
if so....this shiet aint never going down

That would be OPEC (organization of the petroleum exporting countries). Technically they control the oil market and gas prices, but lately they say they've "lost control" of it. Take that as you will, but if you really think about it, they don't make all that much on a gallon of gas. You have to think about the process of digging for crude oil, then refining it, packaging it, shipping it, and then putting it into the stations. Add the gallons up and that's where they make the money, but per gallon of gas, they don't make that much.

MadDog · 07-02-2008, 09:12 AM

Quote:

Originally Posted by Dragonman4

That would be OPEC (organization of the petroleum exporting countries). Technically they control the oil market and gas prices, but lately they say they've "lost control" of it. Take that as you will, but if you really think about it, they don't make all that much on a gallon of gas. You have to think about the process of digging for crude oil, then refining it, packaging it, shipping it, and then putting it into the stations. Add the gallons up and that's where they make the money, but per gallon of gas, they don't make that much.

OPEC doesn't do any refining. They sell crude oil, by the barrel. The oil companies (Shell, Exxon, etc) do all the refining, storing, shipping....

Dragonman4 · 07-02-2008, 09:17 AM

Quote:

Originally Posted by MadDog

OPEC doesn't do any refining. They sell crude oil, by the barrel. The oil companies (Shell, Exxon, etc) do all the refining, storing, shipping....

You are correct. Opec sells the crude oil, which in turn the oil companies do the rest. I was talking about the general picture of making money out of selling gasoline. My fault.

MadDog · 07-02-2008, 09:22 AM

Quote:

Originally Posted by Dragonman4

You are correct. Opec sells the crude oil, which in turn the oil companies do the rest. I was talking about the general picture of making money out of selling gasoline. My fault.

iatacs19 · 07-02-2008, 10:14 AM

Hugo Chavez mang, you ain't kno ?

07-01-2008, 07:47 PM	#1
MXrider38 Enlisted Member 7 Rep 37 Posts Drives: 08 M3 comin soon! Join Date: Jun 2008 Location: Mechanicsville, MD iTrader: (0)	Do I need to call BS? A friend of mine was just telling me the other day the she had heard about the government admitting to misusing our resources. The alleged story is that they came out and said that they misused used our oil resources and that we actually have more reserves than originally thought. She went on to tell me that they were tryin to pass a bill which would go through this month that would cause the price of gas to go back below 3 bucks a gallon. I would love to know where she got this info because I have neither heard or seen anything on it. So I was wondering if anyone else had heard this, though I call bs on her story.
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07-01-2008, 07:48 PM	#2
Taittinger Major 57 Rep 1,019 Posts Drives: Monaco Blue E92 Join Date: Sep 2006 Location: NJ iTrader: (0) Garage List 2007 335i Cpe [0.00]	We do have more reserves; we just do not avail ourselves of it. __________________ '07 Monaco Blue 335i ordered 9/4 built 9/21 shipped 9/28 arrived 10/12 at dealership 10/18 vroom 10/19 christened 11/3...
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07-01-2008, 07:50 PM	#3
MXrider38 Enlisted Member 7 Rep 37 Posts Drives: 08 M3 comin soon! Join Date: Jun 2008 Location: Mechanicsville, MD iTrader: (0)	I guess I should have been more specific. I was callin bs on the fact there is no way that gas is goin below $3 again.
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07-01-2008, 07:55 PM	#4
InS0mNiAc Lieutenant 9 Rep 584 Posts Drives: 2007 E90 335I Montego Blue Join Date: Sep 2007 Location: SoCal 818 iTrader: (0)	I think she was talking about the bill the senate denied that would have stopped speculation in the market? __________________ 2007 E90 335I Montego Blue Oil Cooler retrofitted by BMW......now it's on...
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07-01-2008, 07:56 PM	#5
solefald Nigerian Prince 400 Rep 2,180 Posts Drives: '11 F25 Join Date: Apr 2008 Location: San Diego, CA iTrader: (2) Garage List '11 BMW F25 [0.00]	we will NEVER see gas prices even close to $3. If this was even remotely true, it would be all over media by now. Tell your friend to stop believing in conspiracy theories. __________________ http://soundcloud.com/djtchort
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07-01-2008, 08:11 PM	#9
MXrider38 Enlisted Member 7 Rep 37 Posts Drives: 08 M3 comin soon! Join Date: Jun 2008 Location: Mechanicsville, MD iTrader: (0)	Definately hurts my pockets in the automotive industry.
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07-01-2008, 08:15 PM	#10
ska///235i ***** noob 1422 Rep 10,477 Posts Drives: 325xi>M235i>428GCx Mspor Join Date: Sep 2005 Location: Boston iTrader: (34) Garage List 2006 325xi [0.00]	So who exactly control the gas prices? the Gov right? if so....this shiet aint never going down __________________ 2006 325xi (Sold) 2014 M235I (Current) 2015 428xi Gran Coupe (STB)
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07-02-2008, 10:14 AM	#15
iatacs19 Major General 479 Rep 5,319 Posts Drives: 2016 SO M4 Join Date: Sep 2006 Location: Washington, DC iTrader: (8)	Hugo Chavez mang, you ain't kno ? __________________ If only BMWCCA Referral: 385628
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