P2P-Zone  

Go Back   P2P-Zone > Political Asylum
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Political Asylum Publicly Debate Politics, War, Media.

Reply
 
Thread Tools Search this Thread Display Modes
Old 24-07-04, 11:48 PM   #1
telefunkin_u47
Registered User
 
Join Date: Oct 2003
Location: atlantic canada
Posts: 95
Default oil & gas prices???

does anyone know what factors cause the gas prices to rise and/or decline so frequently?
telefunkin_u47 is offline   Reply With Quote
Old 25-07-04, 05:33 AM   #2
RDixon
Registered User
 
Join Date: Mar 2001
Posts: 3,742
Default

Not sure about the sudden lowering of the prices as I've never seen that happen but as for rapid rising of gas prices:

Well it seems the best way to make that happen is to elect an oil man to the White House.
RDixon is offline   Reply With Quote
Old 25-07-04, 11:17 PM   #3
Mazer
Earthbound misfit
 
Mazer's Avatar
 
Join Date: May 2001
Location: Moses Lake, Washington
Posts: 2,563
Default

I can't say I know what affects gas prices, but I guess it boils down to supply and demand. Getting oil out of the ground is fairly easy, refining it and producing gasoline is the hard (i.e. expensive) part. Refineries in the US have been closing over the years, so instead of importing crude and refining it ourselves, we import refined gasoline which naturally costs more than the homemade stuff. You look at European countries that have no oil production whatsoever and their gas costs more than $5 a gallon, while over here we produce less than half our own gas so the price stays below $3.

Personally I think people should convert their cars to natural gas. It comes out of the ground ready to use so it's way cheaper and it burns cleaner too. But then I also think cars should use gas turbine engines instead of internal combustion, so maybe I'm just crazy.
Mazer is offline   Reply With Quote
Old 26-07-04, 08:18 AM   #4
tafkaMr.E
Fatter Git
 
Join Date: Mar 2001
Location: Northampton
Posts: 913
Default

Quote:
Originally Posted by Mazer

Personally I think people should convert their cars to natural gas. It comes out of the ground ready to use so it's way cheaper and it burns cleaner too. But then I also think cars should use gas turbine engines instead of internal combustion, so maybe I'm just crazy.
Or maybe vegetable oil?
__________________
http://www.thenines.co.uk
tafkaMr.E is offline   Reply With Quote
Old 26-07-04, 08:34 AM   #5
miss_silver
Keebeck Canuck
 
miss_silver's Avatar
 
Join Date: Jun 2000
Location: Close to a border of LUNATICS
Posts: 1,771
Default

Quote:
Originally Posted by tafkaMr.E
HEMP OIL, HEMP OIL, HEMP OIL... quick and cheap to produce. With the rest of the hemp plant, you can produce better, stronger quality paper, clothing...
miss_silver is offline   Reply With Quote
Old 26-07-04, 12:33 PM   #6
JackSpratts
 
JackSpratts's Avatar
 
Join Date: May 2001
Location: New England
Posts: 10,013
Default

Quote:
Originally Posted by miss_silver
HEMP OIL, HEMP OIL, HEMP OIL... quick and cheap to produce.
and the exhaust is so pleasing to the senses.

- js.
JackSpratts is offline   Reply With Quote
Old 27-07-04, 06:46 PM   #7
schmooky007
hi
 
schmooky007's Avatar
 
Join Date: Mar 2001
Posts: 1,708
Default

what mazer said plus bottlenecks in north american refineries plus lower value of the US dollar plus the uncertainty of whether oil producers will be able to keep up with demand because of all the terror threats looming over iraq and saudi arabia. all of these factors contribute to higher fuel prices. here in canada fuel prices have returned to normal levels more or less. the average price is 68 cents per liter. 2 months ago it was over 90 cents and premium fuel was well over $1. in holland and france they pay $2 US a liter, or about $8 US per galon so obviously it's better here
schmooky007 is offline   Reply With Quote
Old 28-07-04, 09:19 AM   #8
multi
Thanks for being with arse
 
multi's Avatar
 
Join Date: Jan 2002
Location: The other side of the world
Posts: 10,343
Default Gas prices help Covington-based firm's earnings

Quote:
Higher gasoline prices helped Covington-based Ashland Inc. double its profits this spring compared to a year ago, the company reported Monday.

Ashland reported net income of $161 million, or $2.26 per share, on revenues of nearly $2.2 billion in its fiscal third quarter, ended June 30. That compares to $70 million, or $1.01 per share, earned on revenues of $2.0 billion in the same quarter last year.

Of $292 million profit before taxes, more than two-thirds of it came from Marathon Ashland Petroleum (MAP), a gasoline refining and marketing joint venture with Marathon Oil. Ashland said high gasoline demand, coupled with higher prices and greater efficiencies at the refineries, helped boost operating earnings to $205 million in the third quarter, up from $100 million a year earlier.

Ashland has agreed to sell its stake in MAP to Marathon for $3 billion. The deal could close later this year. more
pic link
Attached Images
 
__________________

i beat the internet
- the end boss is hard
multi is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump






All times are GMT -6. The time now is 01:14 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
© www.p2p-zone.com - Napsterites - 2000 - 2024 (Contact grm1@iinet.net.au for all admin enquiries)