Oil Price Watch

[Hal9000]

http://news.yahoo.com/s/ap/20080222/ap_on_bi_ge/oil_prices

See, everyone, there's PLENTY of oil and $100 was unrealistic. Things are great, let's go back to the car dealerships.
What in the world are these people thinking? Or, rather, who are they trying to fool? It's only going to get worse-let's face reality...


http://news.yahoo.com/s/nm/20080222/bs_nm/bp_alaska_prudhoe_dc;_ylt=At4xg6VnQEnY4xKrrlFytiRv24cA

When TS finally HTF, these people will be sought out by the mobs and hung from the oil rigs, IMHO.

[Chip Haynes]

They'll be the first against the wall when the revolution comes- if they make it that far.

I would like to think that the pie-eyed cornucopians, abitotic oil freaks and willfully blind economists will all be the first to fall when the oil crash backhands everyone with a big slap of reality.

Makes it almost worth waiting for, doesn't it?

[Sammi]

"Have you ever heard the story about the guy who invented chess?"

As I recall, the king found it easier to simply have him killed.

Oh? I don't remember that part, but maybe they sanitized it for my grade 5 reader.

[Chip Haynes]

Lady L.- I read that in a book entitled, "One, Two, Three, Infinity" years ago. (Great little book, by the way.) The court mathematician created the chess game and the king offered him any reward he might want. He came up with the bit about one grain of rice on the first sqaure, then doubling it every square. The king though he had him, and was getting off easy, but there are 64 squares on a chessboard. After a while, they were hauling in bags of rice, but even that wasn't enough. By the time they would have filled the 64th square, it was far more rice than the country was going to produce over many, many years. Easier to have the mathematician killed.

I guess the moral of the story is, even if you're that clever, don't get greedy.

  

[Sammi]

Yeah, I read it as just a short story--the guy who invented chess used the grains of rice as an "object lesson" to say that even little problems add up over time.

Although the moral of "don't get greedy" works too.

[Chip Haynes]

And, thankfully, the price of oil isn't doubling like rice on a chessboard.

Yet.

[Chip Haynes]

Incidentally, Lady L., I just did the math with pen and paper (since my calculator doesn't go up that high):

9,223,372,036,854,693,888 grains of rice on the 64th square.

Thought you'd want to know.

[Sammi]

That's a lot of rice. 

[Chip Haynes]

At 100 grains of rice per ounce, that would be 2,883,500,250,140.09 tons of rice.

Yeah, that's lot of rice.

[Bygone]

Or, as the esteemed Dr Bartlett explains, it's 400 x the 1990 world wide harvest or more wheat than has been grown in all of human history! scary figure!

[Chesire]

http://news.yahoo.com/s/ap/20080222/ap_on_bi_ge/oil_prices

See, everyone, there's PLENTY of oil and $100 was unrealistic. Things are great, let's go back to the car dealerships.
What in the world are these people thinking? Or, rather, who are they trying to fool? It's only going to get worse-let's face reality...


http://news.yahoo.com/s/nm/20080222/bs_nm/bp_alaska_prudhoe_dc;_ylt=At4xg6VnQEnY4xKrrlFytiRv24cA

When TS finally HTF, these people will be sought out by the mobs and hung from the oil rigs, IMHO.

WTSHTF those people will be long gone . They are placating the lemmingcans until their preparations are complete.  Then unless you got a stinger or a redeye  the most that you will do is give their planes the one finger salute. As they merrily jaunt off to watch you fools play round robin death match on live satellite feed.

[Chip Haynes]

Oil is at $99.15 this afternoon, and the bidding for next month's deliveries stopped last week, as I understand it. When we start to see these oil prices reflected in the per-gallon price of gasoline, there's going to be some mighty testy Lumpenproles out there.

[Forager]

Oil is at $99.15 this afternoon, and the bidding for next month's deliveries stopped last week, as I understand it. When we start to see these oil prices reflected in the per-gallon price of gasoline, there's going to be some mighty testy Lumpenproles out there.

Just had a guy ask me for $1.50 for gas at a gas station in Toledo before I could get my door open. Hard times are here.

[kenjamkov]

lol thats what the gas station asks per litre without you driving to the pump in some parts of Canada

[TravelsHopefully]

lol thats what the gas station asks per litre without you driving to the pump in some parts of Canada

lol I remember when it was that price a litre here in UK a few years back - those were the days 
In some remote parts of Scotland (where my parents live for example), it's already about $2.40 a litre