BF2S Forums Crude Oil at all time high at $129.31 per barrel

{M5}Sniper3 wrote:

Right now gas prices around here are sitting at $2.65 a gallon. I have a F-150 with ~21 gallon tank and get around 12 MPG...

ceslayer23 wrote:

dan673 wrote:

Ayumiz wrote:

Well, that really sucks, bad to own a car now, considering sky high oil prices. How are you guys coping?

How am I coping? I'm making rediculous amounts of money from my oil stocks, and I own a bmw 530xi, which costs 60 dollars to fill up, so my gain is vastly out weighing my expenditures.

20 minutes later...

dan673 wrote:

Ayumiz wrote:

Well, that really sucks, bad to own a car now, considering sky high oil prices. How are you guys coping?

How am I coping? I'm making a rediculous amount of money from my oil stock which is now up over 500% from when I bought it around 3 years ago. I drive a a bmw 530xi and pay around 60 dollars to fill it up. So overall, I'm coping very well.

are you trying to be a prick, or is that just your nature?

Last edited by dan673 (2008-05-20 15:41:15)

dan673 wrote:

What happened was I was typing from my iphone, i typed the first message, and when i submitted it didn't go through, the connection is slow, so then i just pressed back, and had to retype it, and didn't remember exactly what I had typed the first time, so I did it again. Now that I see the first one went through, I deleted it. I'm glad you cared so much to call me a prick, like that even means anything to me, lol.

ceslayer23 wrote:

dan673 wrote:

What happened was I was typing from my iphone, i typed the first message, and when i submitted it didn't go through, the connection is slow, so then i just pressed back, and had to retype it, and didn't remember exactly what I had typed the first time, so I did it again. Now that I see the first one went through, I deleted it. I'm glad you cared so much to call me a prick, like that even means anything to me, lol.

my apologies, sorry bout that

specialistx2324 wrote:

if you noobs havent figured it out, the reason why gas is soo high is because

a) the oil executives are busy making too much money for something they know in their little ass brain that would run out 5-10 years from now
b) the oil executives havent made a new refinery/ rig in several decades to ease the pressure
c) gas is soo high because of the "war tax of  iraq war" blame the two oil men running the whitehouse ( im sorry its oilhouse)
d) very little development in alternative fuels which will decrease our need for oil, thus increasing available supply and lessen the gas prices. problem is those greedy bastards at exxon and other fat cat oil CEO's have powerful lobyist that control what goes on in the whitehouse.

kylef wrote:

Sorry, the reason 'gas' is so high is that people are scared it will rise. And so it does. Just like the property market, contrary to what the buyers think, they are doing it themselves. The newspaper reports oil prices are rising so people get worried and expect prices to rise, so they do. I'm not saying they will magically fall again, but it isn't just that oil is running out.

Bertster7 wrote:

kylef wrote:

Sorry, the reason 'gas' is so high is that people are scared it will rise. And so it does. Just like the property market, contrary to what the buyers think, they are doing it themselves. The newspaper reports oil prices are rising so people get worried and expect prices to rise, so they do. I'm not saying they will magically fall again, but it isn't just that oil is running out.

No. Just like the property market, it is a matter of supply and demand.

UK house prices are currently falling because people cannot afford to buy them (due to credit crunch and rising mortgage prices). This creates a reduced demand and means the prices fall until the market stabilises.