Gas Prices

ATCJeff said:
300B? I thought it was 20B.:mad:

http://www.forbes.com/wallstreet/2008/11/24/banking-citi-pandit-biz-wall-cx_lm_1124citi.html
Click to expand...
Let's put into proper context..it's all in the wording...

Although investors sensed late last week that a rescue of Citigroup was forthcoming, they nonetheless were heartened, even emboldened, by the U.S. government's decision late Sunday to invest $20 billion in the company and guarantee $306 billion in risky assets
Click to expand...

http://news.yahoo.com/s/ap/20081124/ap_on_bi_st_ma_re/wall_street
 
OK, get ready for the price surge. Oil stocks up today, and OPEC is preparing to cut production to get prices up.

All it took was the Fed to give Citi $300B "rescue" dollars. That's the other half of the $700B that was supposed to be for ALL the banks.
 
Several place around Dayton, Oh are below $1.50 and Fairborn, Oh, close to Wright Patterson AFB, gas is down to $1.38.
 
$1.94 in the OH,WV, and KY tri-sate area. We're always higher. :( Drive just 45 miles north and it'll be at least $.20 cents cheaper.

CB
 
James48843 said:
Meanwhile- back at the ranch- the ethanol producers are in serious trouble.

Big Oil is flooding the market with cheap gasoline, causing the competitors- ethanol- to go bankrupt. Vesasun, the largest ethanol producer, is now in Chapter 11, and 8% of ethanol plants in the U.S. are now in bankruptcy proceedings.

Those Big Oil guys will do ANYTHING to keep the competition out of the market.

At the same time, GM announces three new E85 capable vehicles added to the line up for 2009. The Chevy HHR, the Chevy Malibu, and the Pontiac G6 will all be available with E85 flexfuel engines in 2009. And, the new Chevy Volt will be a Flex-Fuel E85 capable vehicle as well.

http://www.gm.com/experience/technology/electric/

Here is the complete GM lineup of sedans capable of E85 for 2009:

http://www.gm.com/experience/fuel_economy/altfuel/vehicles/overview/pdf/sedans2009.pdf
Click to expand...

Oh, please. It was a white elephant come home to roost, keep it in the ethanol thread. Ethanol has to be subsidized to death plus give oil companies tax breaks to make it work. If it could stand on it own two feet it would and if it wasn't for BS legislation FORCING us to use ethanol that has a lower BTU, more cost to the tax payer, higher food prices, and less tax revenue from big oil, it never would have made the news.

The only reason it was in the headline was because at $100 a barrel for oil all alternatives were in the headline. Now that all commodities have crashed it is no longer as attractive. Ask solar, wind, nuclear, and T. Boone Pickens about that. He got his ass handed to him.

We were never out of oil, just getting harder to get to it. Oil sands, oil shale, deep drilling. When a well goes dry is still contains about 50% of the total oil pump out of the well. All we have to do is figure out how to get to it.

The free market will dictate which product is viable not legislation. When we start legislating what product to use it will cause a problem. Ask the banking and housing sectors how that worked out for them.

You watch, we will mandate these flex fuel cars from the Big Three and oil will torpedo the whole project and the tax payer will suffer again.
 
Meanwhile- back at the ranch- the ethanol producers are in serious trouble.

Big Oil is flooding the market with cheap gasoline, causing the competitors- ethanol- to go bankrupt. Vesasun, the largest ethanol producer, is now in Chapter 11, and 8% of ethanol plants in the U.S. are now in bankruptcy proceedings.

Those Big Oil guys will do ANYTHING to keep the competition out of the market.

At the same time, GM announces three new E85 capable vehicles added to the line up for 2009. The Chevy HHR, the Chevy Malibu, and the Pontiac G6 will all be available with E85 flexfuel engines in 2009. And, the new Chevy Volt will be a Flex-Fuel E85 capable vehicle as well.

http://www.gm.com/experience/technology/electric/

Here is the complete GM lineup of sedans capable of E85 for 2009:

http://www.gm.com/experience/fuel_economy/altfuel/vehicles/overview/pdf/sedans2009.pdf
 
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