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oil barrel price....over 100$???

Discussion in 'The Lounge' started by 1985K20, Apr 11, 2005.

  1. 1985K20

    1985K20 1/2 ton status

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    What are we gonna do if oil barrel price climbs up to over $100 a barrel? Friend of mine told me oil price could raise up to 105 bucks a barrel :frown1:

    I double checked that just to make sure...he was right, just go on BBC news website and see for yourself.

    It now around 54 dollars a barrel

    I'd hate to get rid of my truck :(
     
  2. az-k5

    az-k5 1/2 ton status

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    I'm buying a harley.
     
  3. bigcountryk5

    bigcountryk5 1/2 ton status

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    i'm seriously considering getting rid of the DD and getting a motorcycle. wish i could afford a harley...
     
  4. zcarczar

    zcarczar 1/2 ton status

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    Oil is basically like the internet bubble from a few years ago. EVERYONE is buying oil, and selling to and making a profit on it right now. A lot of mutual funds are also using oil to earn money. At least that's what ive read so far. I expect the bubble to burst in the next year sending prices back down to where they are supposed to be.
     
  5. az-k5

    az-k5 1/2 ton status

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    I am only 5'6", so a sportster will fit me fine, and a 2005 is less than 7K with pipes and a crome kit. I just don't trust the a-holes that drive around here to see a school bus much less a little guy on a black bike.
     
  6. zcarczar

    zcarczar 1/2 ton status

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    I want a CBR 600, but I would have to move out if I got one. And I need to finish school first.
     
  7. az-k5

    az-k5 1/2 ton status

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    We're rowing the same boat on that one.
     
  8. R72K5

    R72K5 Banned

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    i had a bike last year all spring and summer... and the fall before that too... should of kept it, i could buy it back though, hum,.,.

    4 or 5 dollar fillups once a week are great... hum...
     
  9. DPI

    DPI 1/2 ton status

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    We have a new international sales guy here at work. He just came over from Germany and said he can't believe how cheap our gas is...

    They are paying $7.50 per gallon - of which most of it is taxes to pay for their Social Security type retirement program.

    Just remember, everything is cyclical. Most of you guys are too young to remember, but the same thing happened in the early to mid '70s. I remember my dad telling me there won't be any cars on the street by the time I was 16...
     
  10. Muddytazz

    Muddytazz 1 ton status

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    Yep, I can vaguely remember my dad telling me the same thing. Prices back in the mid 70's were around $4.50-$5.00 per gallon if memory serves me.
     
  11. JK5

    JK5 1/2 ton status GMOTM Winner

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    Invest more $$$ in oil!!!! :grin: ;) :crazy:
     
  12. tRustyK5

    tRustyK5 Big meanie Staff Member Super Moderator GMOTM Winner Author

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    E-town baby!
    That was the oil embargo back then. IIRC it was an artifially induced supply shortage. OPEC held the world hostage until they got what they felt was a fari buck for their oil.

    Rene
     
  13. kgblazerfive

    kgblazerfive keymaster Premium Member GMOTM Winner

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    Prices of gas in the 70's was like $1.70 a gal not $4-5.00 a gal the problem was that is was like .25 a gal in the ealy 70's. That is why every one freaked was the price like went five times up not the .30 that we have now. It would be like our gas going to $10.00 a gal. The prices went up because of the shortage of gas or oil in this case supply and demand. If that had not happened we would not be driving economy cars now.
     
  14. Greg72

    Greg72 "Might As Well..." Staff Member Super Moderator

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    I'll be snapping up a new GM 572BBC for a cheap price!!!!!!

    Supply and Demand right? Who in their right mind would buy an engine like that when gas is $4/gallon!!!!! :D
     
  15. k20

    k20 3/4 ton status

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    Sweet, I got an economy car! Id hate to see non-economy if an economy car gets 9.5mpg........:blush:
     
  16. Russell

    Russell LB7 Tahoe Status Premium Member GMOTM Winner

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    I'll probally pick up a small fuel efficient car in the near future to commute with until gas prices stabalize. There are two paths they can take -- Either skyrocket, or fall back down to a more normal rate. They expect gas prices to hit over 1.00 a litre here in Canada this summer. That means that I'll be paying like 120 bucks to fill my truck's burb tank.

    Good thing I built my truck with fuel economy in mind! All I still need is the 4l80e to go with the EFI :)
     
  17. Cricket

    Cricket 3/4 ton status

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    Now there's an idea!
     
  18. 1985K20

    1985K20 1/2 ton status

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    its already 1.04$ a litre(supreme) down this way
     

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