[MBZ] Gas prices hit record high

2008-02-29 Thread Royce Engler
Hendrick said.

 OPEC is very shy of telling exactly how much they have left, so as 
 to stuff the world around.
 Also China and other parts of the developing world are starting to 
 use up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them 
 will require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause 
 once their oil runs out it's back to herding camels in the desert.

Actually, deep water drilling is getting fairly common.  It was new back in
2001 when I worked for Unocal (Now part of Chevron), but Chevron recently
drilled a well in 7000 feet of water and 20,000 feet of seabed.  That opens
up a LOT of area for access.  It does take about 10 years to get it drilled
and on production.

Royce


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Re: [MBZ] Gas prices hit record high

2008-02-29 Thread Hendrik Fay
And would cost a lot of money.
I saw a program a while back on how they are getting oil out clay up in 
Canada or somewhere.
To make this work the scale of the operation is enormous.

Hendrik

Royce Engler wrote:
 Hendrick said.
   
 OPEC is very shy of telling exactly how much they have left, so as 
 to stuff the world around.
 Also China and other parts of the developing world are starting to 
 use up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them 
 will require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause 
 once their oil runs out it's back to herding camels in the desert.
 

 Actually, deep water drilling is getting fairly common.  It was new back in
 2001 when I worked for Unocal (Now part of Chevron), but Chevron recently
 drilled a well in 7000 feet of water and 20,000 feet of seabed.  That opens
 up a LOT of area for access.  It does take about 10 years to get it drilled
 and on production.

 Royce



   

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Re: [MBZ] Gas prices hit record high

2008-02-29 Thread Jeff Zedic
Hendrik,



You're talking about the tar sands in Alberta. Think demerara sugar
but black and stinky.

Zedic
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Re: [MBZ] Gas prices hit record high

2008-02-29 Thread archer
A mining engineer on another list said there is ten times the amount of oil 
in the Middle East contained in the oil shales in Canada and certain U.S. 
Western states.  Now that the price of crude has exceeded a critical price, 
international oil companies are mining it on a large scale in Canada.  I 
read an article about life in the Canadian mining areas; probably in the 
Wall Street Journal, the Economist, or the Smithsonian magazine.  When the 
oil shale refineries start producing in large quantities, the price of crude 
will drop, but never to previous low levels since the cost of extracting oil 
from shale is considerably more than pumping it, according to the mining 
engineer.
Gerry


- Original Message - 
From: Hendrik  Fay [EMAIL PROTECTED]
 And would cost a lot of money.
 I saw a program a while back on how they are getting oil out clay up in
 Canada or somewhere.
 To make this work the scale of the operation is enormous.
 Hendrik

 Royce Engler wrote:
 Hendrick said.
 OPEC is very shy of telling exactly how much they have left, so as
 to stuff the world around.
 Also China and other parts of the developing world are starting to
 use up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them
 will require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause
 once their oil runs out it's back to herding camels in the desert.

 Actually, deep water drilling is getting fairly common.  It was new back 
 in
 2001 when I worked for Unocal (Now part of Chevron), but Chevron recently
 drilled a well in 7000 feet of water and 20,000 feet of seabed.  That 
 opens
 up a LOT of area for access.  It does take about 10 years to get it 
 drilled
 and on production.
 Royce


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Re: [MBZ] Gas prices hit record high

2008-02-29 Thread andrew strasfogel
Don't hold your breath on oil shale.  The energy and water requirements to
process the shale and recover the oil are too daunting at present.

On Fri, Feb 29, 2008 at 10:35 PM, archer [EMAIL PROTECTED] wrote:

 A mining engineer on another list said there is ten times the amount of
 oil
 in the Middle East contained in the oil shales in Canada and certain U.S.
 Western states.  Now that the price of crude has exceeded a critical
 price,
 international oil companies are mining it on a large scale in Canada.  I
 read an article about life in the Canadian mining areas; probably in the
 Wall Street Journal, the Economist, or the Smithsonian magazine.  When the
 oil shale refineries start producing in large quantities, the price of
 crude
 will drop, but never to previous low levels since the cost of extracting
 oil
 from shale is considerably more than pumping it, according to the mining
 engineer.
 Gerry
 

 - Original Message -
 From: Hendrik  Fay [EMAIL PROTECTED]
  And would cost a lot of money.
  I saw a program a while back on how they are getting oil out clay up in
  Canada or somewhere.
  To make this work the scale of the operation is enormous.
  Hendrik
 
  Royce Engler wrote:
  Hendrick said.
  OPEC is very shy of telling exactly how much they have left, so as
  to stuff the world around.
  Also China and other parts of the developing world are starting to
  use up vast quantities of oil.
  There may well be oil reserves under the oceans but getting at them
  will require technology that is still beyond us.
  I suppose it is in the interest of OPEC to not oversupply, cause
  once their oil runs out it's back to herding camels in the desert.
 
  Actually, deep water drilling is getting fairly common.  It was new
 back
  in
  2001 when I worked for Unocal (Now part of Chevron), but Chevron
 recently
  drilled a well in 7000 feet of water and 20,000 feet of seabed.  That
  opens
  up a LOT of area for access.  It does take about 10 years to get it
  drilled
  and on production.
  Royce


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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread R A Bennell
Are you seeing any drop in prices today? I hear on the radio that prices in 
Toronto have gone down about $0.03 this
morning and it should happen accross the country shortly. I am holding off here 
on filling in the hope that they
are correct as the price just went up yesterday. I need to fill but am not 
going to drive much today so will wait
til tomorrow and see if it drops back down. It will only make a difference of 
about $3 on a fill maybe but it is
sort of the principle of the thing at this point.

Randy

-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] Behalf Of Hendrik  Fay
Sent: Wednesday, February 27, 2008 6:55 PM
To: Mercedes Discussion List
Subject: Re: [MBZ] Gas prices hit record high


OPEC is very shy of telling exactly how much they have left, so as to
stuff the world around.
Also China and other parts of the developing world are starting to use
up vast quantities of oil.
There may well be oil reserves under the oceans but getting at them will
require technology that is still beyond us.
I suppose it is in the interest of OPEC to not oversupply, cause once
their oil runs out it's back to herding camels in the desert.

Hendrik


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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread E M
Regular down .04 a litre here today.

Ed
300E

On 28/02/2008, R A Bennell [EMAIL PROTECTED] wrote:

 Are you seeing any drop in prices today? I hear on the radio that prices
 in Toronto have gone down about $0.03 this
 morning and it should happen accross the country shortly. I am holding off
 here on filling in the hope that they
 are correct as the price just went up yesterday. I need to fill but am not
 going to drive much today so will wait
 til tomorrow and see if it drops back down. It will only make a difference
 of about $3 on a fill maybe but it is
 sort of the principle of the thing at this point.

 Randy

 -Original Message-
 From: [EMAIL PROTECTED]
 [mailto:[EMAIL PROTECTED] Behalf Of Hendrik  Fay
 Sent: Wednesday, February 27, 2008 6:55 PM
 To: Mercedes Discussion List
 Subject: Re: [MBZ] Gas prices hit record high


 OPEC is very shy of telling exactly how much they have left, so as to
 stuff the world around.
 Also China and other parts of the developing world are starting to use
 up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them will
 require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause once
 their oil runs out it's back to herding camels in the desert.

 Hendrik


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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread Dave H...
I just paid $3.49 per gallon for diesel here in SCGrr!
$64.00 to fill up to 300CD



Dave H...

--
From: E M [EMAIL PROTECTED]
Sent: Thursday, February 28, 2008 1:31 PM
To: Mercedes Discussion List mercedes@okiebenz.com
Subject: Re: [MBZ] Gas prices hit record high

 Regular down .04 a litre here today.

 Ed
 300E

 On 28/02/2008, R A Bennell [EMAIL PROTECTED] wrote:

 Are you seeing any drop in prices today? I hear on the radio that prices
 in Toronto have gone down about $0.03 this
 morning and it should happen accross the country shortly. I am holding 
 off
 here on filling in the hope that they
 are correct as the price just went up yesterday. I need to fill but am 
 not
 going to drive much today so will wait
 til tomorrow and see if it drops back down. It will only make a 
 difference
 of about $3 on a fill maybe but it is
 sort of the principle of the thing at this point.

 Randy

 -Original Message-
 From: [EMAIL PROTECTED]
 [mailto:[EMAIL PROTECTED] Behalf Of Hendrik  Fay
 Sent: Wednesday, February 27, 2008 6:55 PM
 To: Mercedes Discussion List
 Subject: Re: [MBZ] Gas prices hit record high


 OPEC is very shy of telling exactly how much they have left, so as to
 stuff the world around.
 Also China and other parts of the developing world are starting to use
 up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them will
 require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause once
 their oil runs out it's back to herding camels in the desert.

 Hendrik


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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread Kaleb C. Striplin
crap.  I remember when it used to cost about 12-14 to fill up my 123 diesel

Dave H... wrote:
 I just paid $3.49 per gallon for diesel here in SCGrr!
 $64.00 to fill up to 300CD
 
 
 
 Dave H...
 
 --
 From: E M [EMAIL PROTECTED]
 Sent: Thursday, February 28, 2008 1:31 PM
 To: Mercedes Discussion List mercedes@okiebenz.com
 Subject: Re: [MBZ] Gas prices hit record high
 
 Regular down .04 a litre here today.

 Ed
 300E

 On 28/02/2008, R A Bennell [EMAIL PROTECTED] wrote:
 Are you seeing any drop in prices today? I hear on the radio that prices
 in Toronto have gone down about $0.03 this
 morning and it should happen accross the country shortly. I am holding 
 off
 here on filling in the hope that they
 are correct as the price just went up yesterday. I need to fill but am 
 not
 going to drive much today so will wait
 til tomorrow and see if it drops back down. It will only make a 
 difference
 of about $3 on a fill maybe but it is
 sort of the principle of the thing at this point.

 Randy

 -Original Message-
 From: [EMAIL PROTECTED]
 [mailto:[EMAIL PROTECTED] Behalf Of Hendrik  Fay
 Sent: Wednesday, February 27, 2008 6:55 PM
 To: Mercedes Discussion List
 Subject: Re: [MBZ] Gas prices hit record high


 OPEC is very shy of telling exactly how much they have left, so as to
 stuff the world around.
 Also China and other parts of the developing world are starting to use
 up vast quantities of oil.
 There may well be oil reserves under the oceans but getting at them will
 require technology that is still beyond us.
 I suppose it is in the interest of OPEC to not oversupply, cause once
 their oil runs out it's back to herding camels in the desert.

 Hendrik


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-- 
Kaleb C. Striplin/Claremore, OK
  94 E420, 92 300SD, 92 300D, 92 250D Turbo, 92 300E 4Matic,
  91 300D, 90 420SEL, 89 560SEL, 89 260E, 87 300SDL, 85 380SE 5.0 Euro,
  84 190D, 84 300D euro manny, 81 240D, 81 380SLC, 80 240D, 76 240D,
  76 300D, 72 250C, 69 250
http://www.okiebenz.com

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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread Peter Frederick
It's been $3.599 here for the last two weeks.

Peter


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Re: [MBZ] Gas prices hit record high

2008-02-28 Thread Hendrik Fay
Welcome to the real world, Diesel over here is way more than unleaded 
and has been for a while, about $1.45/liter vs 1.25 for unleaded.

Hendrik

Dave H... wrote:
 I just paid $3.49 per gallon for diesel here in SCGrr!
 $64.00 to fill up to 300CD



 Dave H...

   

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[MBZ] Gas prices hit record high

2008-02-27 Thread Rich Thomas
*This is a good article from the center of the all bidness.

--R


Feb. 27, 2008, 5:48AM*
Gas prices hit record high
U.S. flush with supply, economy is weak, but a speculation-based rally 
driving costs

By many measures, this shouldn't be a record week for oil and gasoline 
prices.

Fuel inventories are at 14-month highs, gasoline demand is down nearly 4 
percent from this time last year and the U.S. economy is sluggish. The 
country is so flush with gasoline it actually exported some to oil-rich 
Nigeria this month


http://www.chron.com/disp/story.mpl/business/5573488.html
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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Kaleb C. Striplin
When is the bubble going to burst?

Rich Thomas wrote:
 *This is a good article from the center of the all bidness.
 
 --R
 
 
 Feb. 27, 2008, 5:48AM*
 Gas prices hit record high
 U.S. flush with supply, economy is weak, but a speculation-based rally 
 driving costs
 
 By many measures, this shouldn't be a record week for oil and gasoline 
 prices.
 
 Fuel inventories are at 14-month highs, gasoline demand is down nearly 4 
 percent from this time last year and the U.S. economy is sluggish. The 
 country is so flush with gasoline it actually exported some to oil-rich 
 Nigeria this month
 
 
 http://www.chron.com/disp/story.mpl/business/5573488.html
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Kaleb C. Striplin/Claremore, OK
  94 E420, 92 300SD, 92 300D, 92 250D Turbo, 92 300E 4Matic,
  91 300D, 90 420SEL, 89 560SEL, 89 260E, 87 300SDL, 85 380SE 5.0 Euro,
  84 190D, 84 300D euro manny, 81 240D, 81 380SLC, 80 240D, 76 240D,
  76 300D, 72 250C, 69 250
http://www.okiebenz.com

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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Mitch Haley
Kaleb C. Striplin wrote:
 
 When is the bubble going to burst?

If Peak Oil holds true, it's not a bubble. 
Our efforts to destabilize the middle east over the last 5-6
years may have just hastened the inevitable. 
Mitch.

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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Gary Hurst
i'm very suspicious of this whole thing.  for a decade, nobody has any clue
that there is a shortage of oil and then suddenly everyone says oh and the
cost increases 10 fold??

On Wed, Feb 27, 2008 at 1:54 PM, Mitch Haley [EMAIL PROTECTED] wrote:

 Kaleb C. Striplin wrote:
 
  When is the bubble going to burst?

 If Peak Oil holds true, it's not a bubble.
 Our efforts to destabilize the middle east over the last 5-6
 years may have just hastened the inevitable.
 Mitch.

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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Kaleb C. Striplin
yea, thats true

Mitch Haley wrote:
 Kaleb C. Striplin wrote:
 When is the bubble going to burst?
 
 If Peak Oil holds true, it's not a bubble. 
 Our efforts to destabilize the middle east over the last 5-6
 years may have just hastened the inevitable. 
 Mitch.
 
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-- 
Kaleb C. Striplin/Claremore, OK
  94 E420, 92 300SD, 92 300D, 92 250D Turbo, 92 300E 4Matic,
  91 300D, 90 420SEL, 89 560SEL, 89 260E, 87 300SDL, 85 380SE 5.0 Euro,
  84 190D, 84 300D euro manny, 81 240D, 81 380SLC, 80 240D, 76 240D,
  76 300D, 72 250C, 69 250
http://www.okiebenz.com

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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Rich Thomas
The traders keep blowing bubbles then bursting them, and making money 
while they do it.  So the answer is never.  That article says there is 
no good (or any) reason (based on the usual factors) why oil is $100/bbl 
and gas shot up $0.30 overnight or in a couple of days.

And reserves keep being found that expand the potential supply of the 
stuff, might cost a bit more to get it, but its there.  So, when you 
figure out the answer, you can become a trader and make millions so you 
won't ever have to worry or whine or have any sorts of concerns about 
the price. In the meantime you can buy stock in the oil companies.

--R

Kaleb C. Striplin wrote:
 When is the bubble going to burst?

 Rich Thomas wrote:
   
 *This is a good article from the center of the all bidness.

 --R


 Feb. 27, 2008, 5:48AM*
 Gas prices hit record high
 U.S. flush with supply, economy is weak, but a speculation-based rally 
 driving costs

 By many measures, this shouldn't be a record week for oil and gasoline 
 prices.

 Fuel inventories are at 14-month highs, gasoline demand is down nearly 4 
 percent from this time last year and the U.S. economy is sluggish. The 
 country is so flush with gasoline it actually exported some to oil-rich 
 Nigeria this month


 http://www.chron.com/disp/story.mpl/business/5573488.html
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Re: [MBZ] Gas prices hit record high

2008-02-27 Thread Hendrik Fay
OPEC is very shy of telling exactly how much they have left, so as to 
stuff the world around.
Also China and other parts of the developing world are starting to use 
up vast quantities of oil.
There may well be oil reserves under the oceans but getting at them will 
require technology that is still beyond us.
I suppose it is in the interest of OPEC to not oversupply, cause once 
their oil runs out it's back to herding camels in the desert.

Hendrik

Gary Hurst wrote:
 i'm very suspicious of this whole thing.  for a decade, nobody has any clue
 that there is a shortage of oil and then suddenly everyone says oh and the
 cost increases 10 fold??

 On Wed, Feb 27, 2008 at 1:54 PM, Mitch Haley [EMAIL PROTECTED] wrote:

   

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