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#85 | |
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need....more....hp
Drives: The Neighbor Hater Join Date: Dec 2010
Location: San Mateo, CA
Posts: 4,091
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Mast Motorsports Built LS3 Stroker 418, IPS GT35R Twin Turbos, Exedy GTO4XD Twin Disc Clutch, Aeromotive A1000 Eliminator Stealth Fuel Pump, AEM Meth Injection, DSS 1400hp Axels, BC Coilovers, Pfadt & BMR Suspension, Hawk HPS Pads, Drilled/Slotted Rotors, Hurst Shifter, Custom Roll Cage by Blu808, T3 Ports, 22" Custom Concave Mesh Rims |
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#86 | |
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Where am I?
Drives: Zoe the ZL1, 2012 Frontier Join Date: Apr 2011
Location: Mars, PA
Posts: 6,071
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Most oil companies do get leases to blocks of land (either onshore or in the territorial waters of those places) where they believe they will find oil or natural gas. However, Saudi Arabia, and most emerging oil nations, are special cases. Most of these countries have large (rivaling ExxonMobil size, maybe not in technical expertise) National Oil Companies (BP used to stand for British Petroleum now its just BP as its no longer a national company), read that as "owned by the countries government". The way it normally works is that the national oil companies allow the independents to come in and help develop the resource. The way it works is the NOC gives the independent a big chunk of the development cost, the independent brings in the engineering skills to build the facilities and then after its developed and producing, the NOC's and the Independents split the profits through a revenue agreement. HOWEVER, the raw crude is sold on the open markets (for the most part) and thus once it hits the open markets the oil companies have no say in how it goes. The cost of a barrel of crude oil is based off of several indices (West Texas Intermediate, Brent etc) and is usually bought and sold by speculators and commodities dealers to pipeline companies etc. Saudi Arabia is a special case. The Saudi's are very good technology speaking and have the skills to develop their own wells. As far as I know, and I've only been in the industry a few years, the independents do not have a large play in Saudi. Also, as an FYI, most of the crude processed in the united states come from Canada, Mexico, Nigeria, and Venezuela. The Saudi's pop up in the 5th spot. So depending on where "you" bought the crude from you are paying either the NOC (which is basically a payment to that countries government), an Independent (ExxonMobil, Conoco, BP, Shell, etc) or some combination of both. If you'd like, I can speak to how and why Gas prices rise up very quickly and then take a long time to come back down. But I think the post is long enough as it stands. -G |
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#87 |
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you have to do alot of highway man???
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#88 |
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Account Suspended
Drives: 2010 SS Join Date: Apr 2011
Location: Panama
Posts: 491
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You guys are lucky.
Here 95 (equivalent to your 91) is 4.50 and climbing!!! |
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#89 |
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Custom One Off
Drives: 2010 Chicago Blackhawks Edition #1 Join Date: Oct 2010
Location: Madhouse on Madison
Posts: 1,190
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Paid $4.63 for 93 (10% ethanol) today.
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Vararam Intake/SLP Loud Mouth II/BBK LT HFC/Magnaflow x-pipe/Pfadt Springs/Black Ice-olator/FE3 suspension/VMAX TB/RX catch can/Trifecta Tune
http://www.camaro5.com/forums/showthread.php?t=129416 ![]() |
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#90 | |
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How U Doin?
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Not that any of that matters because I never bought this car for it's gas mileage.
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#91 |
![]() Drives: camaro Join Date: Apr 2011
Location: Texas
Posts: 39
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Who cares. You have to pay for gas wether you wanna or not.
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#92 |
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Faith Keeper
Drives: 2012 Silverado LTZ, 2010 2SS/RS Join Date: Nov 2008
Location: Saskatoon, Saskatchewan Canada
Posts: 2,764
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Basically 6 bucks a gallon for premium some places in Canada.
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#93 |
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TRI COUNTY TAMPA
Drives: 2011 1SS/RS VR/BLK A6 Join Date: Jan 2011
Location: Trinity, Florida
Posts: 6,277
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28MPG?? Holy cow i would die of shock if i ever saw a number even close to that. I have 5005 miles on my 11'. I reset the MPG at every fill up and the best i have ever achieved is 17.2MPG with an avg speed of 27MPH. I have never been on a track and have lit up the tires briefly exactly 3 times. I have got on it a couple times here and there. Fastest speed she has ever seen is 94MPH exactly 1 time. I think the highest next speed has been 82.
That 17.2MPG was achieved during a tank where 75% of the tank was used on a single all highway no traffic trip on cruise at 65MPH. The other quarter used in just normal driving. My wifes Traverse gets better gas mileage with about 1200lbs more weight on the exact same roads i take daily. Sheesh |
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#94 | |
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Older than I look....
Drives: 2010 VR Camaro 2SS/RS LS3 Join Date: Feb 2011
Location: Washington
Posts: 6,481
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Premium has been in the $4.20 range for a couple of weeks around here... Oh well, not much I can do about it... The vehicle that takes regular gets worse mileage than the Camaro, and my husband's Siverado is diesel - we're screwed in the fuel bills no matter how we look at it.
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High Heels and Fast Wheels!!
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#95 |
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Tyranny is Closing In
Drives: 2010 Camaro SS Join Date: Apr 2011
Location: N.E. Florida
Posts: 189
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If I recall correctly during the 2008 elections the president did say that his plan was to drive energy costs up so as to force us into "green" technologies. Moreover, he has given the EPA overreaching authority to block exploration and refining capacity, which provides more evidence that they want high fuel prices. So, there is an argument, backed by evidence, to be made that some democrats want high fuel prices.
The problem with the plan is that there is no viable alternative to fossil fuels at this point. The left pushes for electric vehicle use, yet they have not issued a permit to construct a nuclear power plant in 30+ years, and they are seeking to implement "cap and trade" where coal and natural gas powered plants would pay huge fees. So, where are we supposed to get the electricity to power all those electric cars? Not to mention the toxicity of producing and disposing of the lithium ion batteries those vehicles require. The lefts plan for energy policy does little more than transform and relocate pollution generated by energy use, all the while severely damaging our economy and our bank accounts. |
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#96 | |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Drives: '86 Monte Carlo SS Join Date: Nov 2010
Location: Reno, NV
Posts: 3,119
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#97 |
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Account Suspended
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so its reached 4.50 here in La Mirada. unbelievable. wont stop me from driving but enough is enough right. god damn politicians.
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#98 | |
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Account Suspended
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