White House Considering Emergency Oil Release

R

r3p1v

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Nov 17, 2006
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The White House is considering tapping the strategic oil reserve. Why? Because it's election time and high gas prices aren't good. True story.
 


I don't know and don't really care what it is every where else, but right now I'm paying about 30 cents per gallon less than I was 2 months ago.
 
SkyFire said:
I don't know and don't really care what it is every where else, but right now I'm paying about 30 cents per gallon less than I was 2 months ago.
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Yeah it went really high recently, then fell, now it's creeping back up again. But this time there is an election so the president is (probably) going to use the oil reserve now.
 
I think they've already released quite a bit of it already.

The strategic oil reserve has enough oil to impact the price of gasoline by about 25 cents or so for one week or two. After that it will be higher than before. We don't have THAT much oil in reserve when all things are considered.

Right now it's at 3.89 where I live and this is the highest it has ever been.
 
I bought USO (US Oil Fund) at the bottom of the recent dip :)
All of us in oil right now basically said what the fuck ever Obama.. we're not believing you on this one. We doubt he'll do it so close to an election. Oil continued to rise in price anyway to a 3 mo high today.
But I'll watch closely.
 
He might be trying to talk down the market. Some on here think he will attack iran soon... if
yes... then should wait till after attack to do release.
 
it's only a matter of tiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimmmmmeeeee... by your guns. To many mexicans, not enough oil. Worlds gonna end. Invest 50% of your seo monies into bullets and shit. You heard it here first bitchezzz
 
This is why Im working to create a car powered by urine. There will be a fleshlight or huge cock where you used to put the nozzle to offer comfort for both women and men.
 
schockergd said:
All the while CNG is 90 cents per gallon all across the US.


Why are you guys not promoting my 160mpg.com ebook? :D
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I've looked about CNG, and it is listed in this region from $1.22-2, with no stations within 150 miles of here, not to mention the fact you spend $1k+ on the conversion kit if you install it yourself, then $1500+ on the tank, and even more on a compressor if you don't have stations nearby. I'd be very interested in converting if the price point was around $1k total, because when you get 27mpg with gas, your BEP is going to take pretty long to reach.

Oh, the SPR release is pointless. The commodity markets aren't moderated by supply and demand. Last time there was a release, the prices ticked down for like a week, then went back to the pre-release levels.
 
vgeek said:
Oh, the SPR release is pointless. The commodity markets aren't moderated by supply and demand. Last time there was a release, the prices ticked down for like a week, then went back to the pre-release levels.
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then what are they moderated by? Maybe government should step in, fixing prices. The oil companies probably manipulate prices in such a way that it just looks really close to supply and demand but is actually not. fuck them.
 
vgeek said:
I've looked about CNG, and it is listed in this region from $1.22-2, with no stations within 150 miles of here, not to mention the fact you spend $1k+ on the conversion kit if you install it yourself, then $1500+ on the tank, and even more on a compressor if you don't have stations nearby. I'd be very interested in converting if the price point was around $1k total, because when you get 27mpg with gas, your BEP is going to take pretty long to reach.

Oh, the SPR release is pointless. The commodity markets aren't moderated by supply and demand. Last time there was a release, the prices ticked down for like a week, then went back to the pre-release levels.
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I've seen guys that have done the entire conversion for $1k.

The kit is $500 if you buy it at wholesale, which is easy to do and then install it yourself.

Ebay has tanks quite regularly for $50 to $500 depending on size and date. Buy a expired tank, have it re-tested and save some serious money.

At 27mpg and a 1.25/gge pricepoint, it will take you 44 fillups to pay for the system, given my numbers above. I guess some basement dwellers would never pay for it, but I fill up my car at least once a week, and I'd repay myself pretty quick. If you buy a compressor ($2k-$5k) you could then fill everyone else's tank too. I've priced it out locally and it's .75 to $1 per GGE depending on the deal you get with your local gas company.
 
schockergd said:
I've seen guys that have done the entire conversion for $1k.

The kit is $500 if you buy it at wholesale, which is easy to do and then install it yourself.

Ebay has tanks quite regularly for $50 to $500 depending on size and date. Buy a expired tank, have it re-tested and save some serious money.

At 27mpg and a 1.25/gge pricepoint, it will take you 44 fillups to pay for the system, given my numbers above. I guess some basement dwellers would never pay for it, but I fill up my car at least once a week, and I'd repay myself pretty quick. If you buy a compressor ($2k-$5k) you could then fill everyone else's tank too. I've priced it out locally and it's .75 to $1 per GGE depending on the deal you get with your local gas company.
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$1000 for the conversion kit, tank, and rack would be ideal, at $4 for gas and $1.25 for CNG, the cost would be recovered in 18 months or less. But what turned me off when I was researching it was the lack of stations and the cost of compressors. I saw about the "Phill" system, but people trash talking it on a few of the forums. Say CNG Refueling Compressor DMC-3/200 (3.0Nm3/h) | eBay for example. What is the best way to get the liquefied natural gas to it? Will the gas company leave tanks for you to hook up to it, or do you tie it into the house's supply? I'm guessing it wouldn't be as cost effective to use the house's supply because of the ridiculous gas recovery fees and other surcharges, but it would be more convenient.


Also, from the maps I've seen, why is there such a disparity in price? In Indianapolis there are prices from .88-$2 GGE, is the market that illiquid that the prices vary that much?
 
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