NEWS: Oil Gets More expensive. Again.

CULTURE: Oil Gets More expensive. Again.

China needs oil. China needs so much oil that it has become profitable to extract oil from Canadian oil sands.

Don't think that using previously unprofitable oil reserves means that gas is going to get cheaper.

The Chinese and Indian need for oil is pushing up prices accross the world. UK gas prices hit a record high recently.

(That's $1.61USD per litre, or about $6.10USD per US Gallon.)

ouch

the answer is simple.

Take over China.

But first, we should invade Canada as a warm up and to secure their vast hockeyplayer resources.

Yay for Fallout!

i knew this was coming... too bad i drive a V8... looks like i better air up my bicycle tires.

I don't own a car. I live in Manhattan, which has the world's best public transportation system. Suck it up, you car-driving fools.

whatever. I got a Prius, which means I fill up about 1/2 as often as most... "Bring it on!" <--- Only time I will EVER quote Bush. Besides, its about time we stopped being sheltered from the crude (get it, CRUDE! ) reality the rest of the world deals with, and pays for, everuday.

I have a cave in the hills - first ten people to join me can share. Bring your own shotguns and canned food.

A Prius helps, but will not solve the problem. It is a stop gap measure at best (though a very good one). Ultimately, we need to be looking at more public transportation, more decentralization (as in you don't have to drive 10 miles to get a fucking drill bitt at Home Depot), and looking towards other potential power sources. Note the complete lack of public interest in the above solutions.

Geo Metro 1990 4 door stick.

BioDiesel (which may get more expensive once petroleum based fertilisers get too pricey)

Walking

SUV Tax? What? I said SUV Tax. yeah.

Thats it, I am gettting my motercycle licence

It's more a matter of public funds, not interest. Not to mention, many people in small towns have to commute to other cities in order to keep a job. Hell, I live in a large city, and I have to drive almost an hour (all freeway, thank god) to get to work.

The oil sands are profitable at $15/bbl. With oil over $50/bbl, it's not even a close call.

Once again, technology will find a way to extract more fuel in more efficient ways by then; the market will bet on it. In fact, China and India and all the other massive developing countries will probably be the best thing to ever happen to the energy industry, as it will finally push for more efficient and intuitive use of current and future forms of energy production.

Maybe, or just more desperate and inefficient extraction form otherwise hopelessly cost-ineffective materials.

I kind of hope people concentrate on other tech. Some of India is pretty high tech, I wish they could get some real engineering going.

I live in Alberta and our oil prices are still high. We are one of the only places that produces enough so that we get noticed and we don't even get to benafit from all of our brown bubbly focilized goodness that we sell to almost every country that doesn't produce its own and can afford the high prices. Mind you, we are the only Canadian province that is officially out of debt. But because of our 'oil drive' to support superpowers like The old USA, Russia, and expecially China, our schools and roads are as run down as half the people. Damn superpowers! haha

We don't benefit from all the oil we sell? Would you like to explain that or are you going to continue talking out of your ass?

And I thought $2.50 a gallon was a lot.

Yeah sure. I was trying to say that our gas and oil prices are high, even though we are producing a large amount and sell a large amount. Obviously our prices won't go down because even though we produce it we still have to pay for it. I was just joking and saying it sucks that we produce so much of it and still pay high prices. It was a joke. I can see how people might have thought I ment we don't benafit from the money made by selling the oil we produce, but that wasn't what I ment. Sorry for the confusion.

Gas cost 5 cents a gallon in Iraq right now. You could move there for cheaper gas. It is our tax dollars paying for it right now.

The U.S. government is buying the barrels for the regular price and then selling them at the discounted price to Iraq filling stations.

i bought a bicycle this spring with the sole purpose of riding it to the state park near my house, in an effort to lose a couple of pounds. but lately i've been thinking that if i ride it 9.5 miles in the other direction, i'm at work. that's only 2 miles farther than i ride to the park. although i'm 40,000 times more likely to be killed riding in that direction.

that's it...i'm riding my bicycle to iraq

The benefit comes from having jobs and money, not from low prices.

But Syncrude has been profitably extracting oil from sand for some time now. I don't understand how it's news that China has started buying it, although I do wonder what groups like Syncude are going to do with their waste materials as they increase production.

sure glad i don't drive!
woot! i win!