I mean this is fkn nuts why are we putting up with it?


We just had 50 gallons of oil delivered and that’s what it cost.
AAAAAAAAAAAAAAAAAAAHHHHHHHHHHHH

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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

Unless you want no heat or hot water then you're just gonna have to grin and bear it. My father just bought 250 gallons for our oil tank...~$800.

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[This message has been edited by JazzMan (edited 12-05-2008).]

yaboo!! Spoilt kids!! We bought a paraffin heater with an electric fan in it last autumn..$300...and to fuel it, we had to pay $65 for FIVE GALLONS, of paraffin...which lasted a grand total of 5 days!! Needless to say..it was returned for a refund..sod that!! You've STILL got it so good, Friends!!
Nick

I'm natural gas here for heat and water. I do not do the level-billing, but pay my actual monthly usage which is usually $80/month in winter and $10/month in summer. How long will 50 gallons last you? You have to break it out like that to really get an idea.

quote Originally posted by JazzMan: It's going for $100+ a barrel, that's I think 55 gallons, so you're getting the normal 100+ percent markup.

Actually a barrel of oil is 42 gallons

Is it 42? I wondered. I also guessed it was 55.

You just helped further prove my point in a gas price agrument I had with someone last night. Can you believe there are people in this country who really believe the oil companies are hurting and it's fair for us to be paying what we are? I ran into one of them yesterday who refused to even consider the profit margins involved as weighed against profit margins of other consumer goods.

Anyway, so it's 42 gallons. Good to know.

55 gal is the capacity of the steel drums we see today. 42 gal was/is the standard that was set long ago, and still stands. Occassionally, you will run accross one of the old 42 gal drums. They are usually not a perfectly straight cylinder shape like the 55 gal drums. Sloped at both bottom and top, running a bit outward to make a wide middle. A bit like this---{ } with top and bottom closed of course. I have one out at my property--very heavy and galvanized, 1929 Texas Oil Company. (Texaco)

[This message has been edited by maryjane (edited 04-04-2008).]

quote Originally posted by pumpkincarriage: You just helped further prove my point in a gas price agrument I had with someone last night. Can you believe there are people in this country who really believe the oil companies are hurting and it's fair for us to be paying what we are? I ran into one of them yesterday who refused to even consider the profit margins involved as weighed against profit margins of other consumer goods.

I don't think the oil companies are hurting however I don't view them as eviel. I am prepared to pay $3.50 or even $5.00 for a gallon. What are my, or anyone else's, other options?
Actually the profit margins of oil companies are rather small, they just do a lot of business and move a lot of units. Think of oil companies like supermarkets: both have small margins but over time they do a lot of business with add up to large gross profits.
I am actually driving more now then when prices of gas were lower, I just drive more efficent vehicles.

Mark

Converting everything to electric. Heaters,stoves,water heater everything.
Going Solar and bio diesel equipment. I can make Bio diesel right here on the ranch and solar on the eves. The panels will even help cool the building by absorbing the radiant heat.
Screw oil. I here there is even a way to make a kind of gasoline with real high octane at home too. I don't know anything about it yet though.

I am also going to plant 2 acres of Eucalyptus and conifers for renewable fuel. Trimming alone should be more than five families could burn.

And of course refining, transportation, storage, delivery, etc., etc., they aren't real expenses for the dealer and supplier that should be considered....................

I don't know what a fair price is, but to say the dealer is marking it up 100% is just ignorant.

John Stricker

quote Originally posted by JazzMan: It's going for $100+ a barrel, that's I think 55 gallons, so you're getting the normal 100+ percent markup. JazzMan

Rationing is the only answer. That way, consumption will go down forcing prices to fall.

quote Originally posted by westtexas: Rationing is the only answer. That way, consumption will go down forcing prices to fall.

No, that will trigger just the opposite, prices will rise. Rationing interferes with a capitalist free-market

Rationing will act as a false lack of supply. Suppliers (oil companies and retailer) will increase their prices to adjust for this "lack of supply." The oil companies will keep their prices high as they are no longer making as much profit due to lower volume, so they will raise their prices to adjust.

Government can't do anything to help a free-market other than to leave it alone and let it correct itself.

[This message has been edited by Rainman (edited 04-05-2008).]

quote Originally posted by westtexas: Rationing is the only answer. That way, consumption will go down forcing prices to fall.

Nothing will decrease prices. Except OPEC.

They are the ones who started this price war. Increasing the cost of oil from the very beginning in the first gas shortage way back when.

All we need to do is eliminate them from the equation.

Stop importing oil.

Increase our own oil drilling, production.

Make the oil companies accountable.

Did you see them in front of congress?

We are not making huge profits.
Just like when congress had big tobacco there.
“Nicotine is not addictive.”

Keep saying it is not their fault doesn’t change a thing.
It is their fault.

------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

quote Originally posted by maryjane: 55 gal is the capacity of the steel drums we see today. 42 gal was/is the standard that was set long ago, and still stands. Occassionally, you will run accross one of the old 42 gal drums. They are usually not a perfectly straight cylinder shape like the 55 gal drums. Sloped at both bottom and top, running a bit outward to make a wide middle. A bit like this---{ } with top and bottom closed of course. I have one out at my property--very heavy and galvanized, 1929 Texas Oil Company. (Texaco)

yeah pretty much any of those barrels now adays is 55 GAL. .... never seen anything different actually. also the oil prices you see are for a 55 gal...

In my opinion, the problem is the commodities speculators that buy and sell the oil futures and never touch a drop of oil. There are speculators that own more oil than the UAE and their only concern is their profit/loss.

Did you know.... For every dollar of profit that the oil companies make that our various levels of government combined get more than $2 in taxes through the oil companies.
http://www.taxfoundation.or...tions/show/1139.html

A long as the oil companies are forced to get their oil from the OPEC countries and not allowed to drill domestically we will be at the mercy of OPEC.

http://www.gravmag.com/oil.html

I have posted this link before but there is a lot of good information there so here it is again.

I believe that oil IS traded at the 42 gallon quantity, I would doubt much of any oil ever see's a barrel.

I am looking into installing a heat pump system. We use a pellet burner now but the price has more than doubled over the last few years. The average is 5 bucks a bag for quality pellets and if it gets really cold we burn a bag to a bag and a half a day! ouch!

I have also heard that due to the lack of milling because of the housing thing that the saw dust to make them will be in short supply next year jacking the price up further I am sure. Worse yet, not being able to get them.

quote Originally posted by Red88FF: http://www.gravmag.com/oil.html I I believe that oil IS traded at the 42 gallon quantity, I would doubt much of any oil ever see's a barrel.

correct. 42 gal=1 bbl

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[This message has been edited by JazzMan (edited 12-05-2008).]

Oil and oil products are only going to rise in value. In a free market, the consumer determines the value of any product, until we learn to conserve and use less, we're going to keep taking it in the shorts. Hell, we're bending over asking for it. No one wants a refinery in their back yard, we won't go get the oil we know is there, (Alaska, Colorado, off shore of Florida and several other states) and we don't want to conserve, we all want our SUVs, 4WD trucks and hot rods. How many of us have in-efficient heating systems in our houses, how many of us need to re-insulate our homes? How many of us don't conserve and just hop in the car or truck and go to town for a loaf of bread instead of making a list and picking up all of our shopping needs. Yep, we're all guilty and we're all paying the price.

Just took a trip from KY to Maryland, had to stop for fuel and fill the truck up, took around 68 gallons of diesel, the total dollars eliminated from my wallet, almost $280.00.
The fuel was expensive, the experience was priceless.

Ron

[This message has been edited by blackrams (edited 04-07-2008).]

My damn underground oil tank takes around 300 gallons each fill-up. That hurts!!

I'm still wondering how long 50 gallons of oil will last you in the winter. Dollar wise, that won't cover 3 months for my natural gas heating bill in the winter.