Oil Slick Stuff

Oil prices fall after Gadhafi's death

Should take months for full impact to be felt

Updated: Thursday, 20 Oct 2011, 12:05 PM CDT
Published : Thursday, 20 Oct 2011, 11:39 AM CDT
  • CHRIS KAHN and JONATHAN FAHEY,AP Energy Writers
NEW YORK (AP) — The price of oil fell after the death of Libyan dictator Moammar Gadhafi, although it should take months for Libya's oil industry to recover and for the full impact to be felt on world markets.
Oil fell $1.08 to $85.03 per barrel in New York on Thursday. At the pump, the price of gasoline was flat at about $3.47 a gallon.
http://www.fox11online.com/dpps/mon...es-fall-after-gadhafis-death-nt11-jgr_3968848
 
Do we start a betting pool on when the next oil failure happens?
It's always possible for a failure of some kind...But I can tell you from what I've been learning about the oil drilling business, is that tremendous safeguards have been implemented and or improved upon...So God willing, we may not have such a major mistake, as BP had last year.
 
I thought so! :nuts:

10/20/2011 @ 6:54PM
|123,903 views


Update: Fisker Karma Electric Car Gets Worse Mileage Than an SUV

[QUOTE] In the Clinton administration, the Department of Energy (DOE) created a far superior well to wheels MPGe metric that honestly compares the typical fossil fuel use of an electric vs. gasoline car.


As I calculated in my earlier Forbes article, one needs to multiply the EPA MPGe by .365 to get a number that truly compares fossil fuel use of an electric car with a traditional gasoline engine car on an apples to apples basis. In the case of the Fisker Karma, we get a true MPGe of 19. This makes it worse than even the city rating of a Ford Explorer SUV.
[/QUOTE]
http://www.forbes.com/sites/warrenm...-electric-car-gets-worse-mileage-than-an-suv/
 
Great I need to get gas after work today. On the way in this morning it was around $3.22/gal. Sure hope it doesn't jump up this afternoon. I have a 32 gallon tank. :mad:
Damn a 32 gallon tank!! Mine is 23 it would be handy to be able to buy that much cheap!
 
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