[Majikthese42]

Let's ask Boone Pickens.....

So, Boone, what do you think about the price of oil?

Originally Posted by T Boone Pickens

They're gonna to go up because the people that have the oil want it to go up and they're running out of oil. They're gonna have 85 million barrels a day, is all the world can produce, and the demand is 87 million, and it's that simple. It doesn't have anything to do with the value of the dollar. It's just a fact of supply and demand. That's it.

http://www.cnbc.com/id/15840232?video=747990771

Anyone else who just donated $100 million to OSU have a better idea?

http://www.nytimes.com/2008/05/22/us...RF.html?ref=us

[Kloogy]

Originally Posted by caudalM3

BTW, if you think Iran can take over Saudi Arabia, you've been watching a little bit too much FOX news.

Ok. I'll block that channel off my tv and just watch CNN , MSNBC and any other channel you and the DNC approve of .

[calleballe]

I find it funny, that despite the current situation where $100k a year barley makes people qualify for "middle-class" anymore (largely due to failed republican greed politics, feed the rich, eat the poor) - People still seem to think the democratic party would make things even worse...

A bit of gov. regulation on healthcare insurance, energy etc. would make this kind of necessities more accessible to all at lower cost. Some markets do not benefit the masses by being totally unregulated. Also, a government that recognized the urging problem with fossil fuels and promoted alternative use and research would be great.

To top this off, some responsible fiscal policy would help, -how much more can we afford to borrow from future generations to fund wars that only makes the world (more) upset w/ us?

[NaTuReB0Y]

If we were to stop importing oil to the U.S. starting today..........

the U.S. still has enough oil reserve to run an uninterrupted economy for the next 50+ years......

[calleballe]

Originally Posted by NaTuReB0Y

If we were to stop importing oil to the U.S. starting today..........

the U.S. still has enough oil reserve to run an uninterrupted economy for the next 50+ years......

The U.S has around 3% in oil reserves, that would not last very long. Less then 10-15 yrs.

[MBChariot]

Originally Posted by ArmyBimmerDude

Contractor or Military?

Neither, I spent half my life living in Germany.

[Majikthese42]

Originally Posted by calleballe

The U.S has around 3% in oil reserves, that would not last very long. Less then 10-15 yrs.

We don't have much -- even including Canada and Mexico -- and production has fallen roughly in half over the last 25 years.

[darkcloud]

Personally looking at what my gas card bill says at the end of the month it has only gone up between $50-75 more over the month since the major spike in gas. I don't see that difference as a bank breaker. That bill also covers work(70%) and personal(30%) use at about $525/mo. Work fortunately covers all of it as we've recently simplified our billing to cover mileage and gas into the total cost.

I can also say with high confidence that I drive a hell of a lot more the most of you guys. I have a 07 Hyundai that I use for work and is about 15/mo old with just about 40k, my 325i is 23/mo old and is closing in on 23k and we started using my fiances Cavalier more often that we were almost never using and we've thrown about 8k on that in the last year. We currently haven't cut back driving at all, just rotated which car we use depending on the activity and mpg for car. We typically get 2 weeks out of a full tank of gas for the BMW and Cavalier. I fill up every 2-3 days for the Hyundai.

Until courts can get a proper verified service on individuals without having someone serve the documents my job isn't going anywhere. Courts are wayyy to slow to update. IF gas reaches $9.50/gal, we'll just continually raise our rates to cover gas prices which will/should be expected by our clients.

[RBP]

Gas will hit $10+ a gallon....it's just a matter of when. If it happens by the end of this year, then the economy would suffer under incredibly high inflation as was the case in 1979-1981. If gas goes up in an orderly fashion over the next 5-10 years, then the economy would adjust just fine.

If you really believe that oil is going to hit $200+/bbl soon, then simply go out and buy the commodity (or an ETF such as ticker symbol USO that tracks the commodity). If you invest enough, you'll make more money than you'll burn in your car.

However, if an extra couple hundred dollars a month in gas is going to tip you over the edge....then you are already perilously close to financial ruin as it is and shouldn't be leasing your BMW in the first place.

[MikeCCrutchfield]

Originally Posted by Dubbedoutbimmer

I thought you were smart? you go to the local restraunts and get there cooking oil for FREEE and then convert it into a useable product known as bio diesel, which cost about 1 dollar per gallon! and for you info I clogg the toilet on the regular I have a gas powered plunger

I wanted to do this with my 2006 Jetta TDI...the only problem...I can't. The fuel rail pressure in the 2004+ TDI engines is too high to run on veggie oil. The highest blend that VW will certify in the engine is 5% Bio-diesel, and there haven't been any stories of successful veggie oil use on an 04+ that I have seen. I would imagine this would be even more of a problem for the performance oriented 335D (which doesn't get that good of mpg, something like mid-high 20's)