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| CSS996 | Friday Chat 05.16.08 | ||
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Mega Guru
 
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Good Morning Gurus!
My youngest son is 4 today. And it's FRIDAY! w00t! I'm getting ready for my morning commute, so I'll check in later. Have a super day, Gurus!  |
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Posted on: 2008/5/16 12:59
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| Matatk | Re: Friday Chat 05.16.08 | ||
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Good morning CG's!
Well Happy Bday to the little one. Gonna have some cake and a little party? Don't you remember how exciting is was when you were little and opening all of the presents? Times change when you get old, huh? What else is new with everyone? Not a whole lot here. I saw a little blurb online that retail gas prices have risen for the 10th day in a row. I don't like to complain, but geeze. I read a little comment in the editorial section of the paper last night - the person said (paraphrase) "if opec is a monopoly on oil, why can't we make a grain monopoly and everytime they raise the price of oil, we raise the price of grain we export" Sounded like an interesting idea. I don't know how practical it is, but interesting to think about... Well, that's it for me. Hope everyone has a great day. Matthew |
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Posted on: 2008/5/16 13:24
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2002 EBM convertible, Magnusson supercharger, cam, headers, etc. 1989 Corvette...RIP |
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| NC Kid | Re: Friday Chat 05.16.08 | ||
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Elite Guru
 
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I wonder if it will ever go back down in price.
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Posted on: 2008/5/16 14:26
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| bogus | Re: Friday Chat 05.16.08 | ||
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yes. The day GWB is out of office. I am convinced he has more to do with this mess than anyone guesses. And what is worse? I feel it is being made much worse by his inaction. |
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Posted on: 2008/5/16 14:36
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The single biggest problem with communication is the illusion that it has taken place. - George Bernard Shaw Education is the best tool to overcome irrational fear. - me |
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| DaleD | Re: Friday Chat 05.16.08 | ||
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We differ in political view, I know that, so I'll just point out a few things for you to consider. - The dollar is weak due to the Fed trying to bail out the mortgage bankers. Weak dollar = expensive imports. Oil is bought on the world market. Now the tanking of the value of the dollar, it's legit to lay that at the feet of GWB. - There really is a increased demand. China and India are increasing their demand for oil on a daily basis. - Oil is traded as a commodity. Politics will factor into the cost of oil, (future contracts). Iran is an issue for instability. Venezeula is also a producer who is a concern. - Domestic drilling and use of our own resources such as coal is not happening. This is not something that GWB discourages, I believe more of the blame for this should be laid at the feet of the current party controlling congress. BTW, the price of oil has gone up dramatically since 2006. What happened in 06? The control of congress was handed over to another party. Not trying to start a ruckus here, just pointing out some facts. I think oil will retreat, eventually. When the dollar strengthens, oil will retreat. The best, fastest way to get oil to drop in price? Threaten to exploit our own resources. OPEC watches us. If we begin to go after resources that are suddenly worth it to drill for at $120 a barrel, OPEC will manipulate the price of oil so as to discourage recovering that oil. |
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Posted on: 2008/5/16 16:17
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Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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| red_johnny | Re: Friday Chat 05.16.08 | ||
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On Sabbatical
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Posted on: 2008/5/16 16:18
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| biggrizzly | Re: Friday Chat 05.16.08 | ||
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2011 Memorial Day Car Show Winner!
 
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Good Afternoon All,
I'm not much of a political activist, so I don't have much to say about the oil prices or political parties. I do support GWB and I work for the Military, so I guss I'm in trouble for both points. Anyhow, I stopped by on this thread to say Hello, My wife and I finally moved into our new house a couple weeks ago and I've been up to my ears in stuff to do. My car is sitting all covered up in the garage with nothing to do. Waiting for me to get back to her and finish the job I started last year. Hopefully in a few weeks I'll have enough of the organizing done in the new house that I can get to the car again. I hope to also be able to get here to the Guru Site more often and post more, but for now take care, I'll keep you all up to date on the car and stuff. Cheers |
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Posted on: 2008/5/16 16:29
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Don Haller Corvette Club of America 94Coupe, 383Stroka, PeteK Trans, 3000stall, 3.54rear, Konis and bigger sways. |
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| CSS996 | Re: Friday Chat 05.16.08 | ||
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Mega Guru
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Welcome back, Grizz!
I'm gonna stay outta the political stuff... |
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Posted on: 2008/5/16 17:35
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| bastet44 | Re: Friday Chat 05.16.08 | ||
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Webmaster
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Good morning! Well, I guess it's getting on afternoon for most of you.
Glad it's Friday. Been super busy at work, and will continue to be so for the next month or two. It's just that time of year. It's supposed to be HOT here today, so I'm just chillin' at home for the moment. |
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Posted on: 2008/5/16 18:06
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| runner140 | Re: Friday Chat 05.16.08 | ||
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Master Guru
 
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You are correct in most areas. The world produces 85 million barrels of oil a day. The world (China/Russia/Brazil/India)is growing at 4% a year but oil production is growing at less than 1/2 of 1% a year. Goldman Sachs came out with a report today that said the price of oil would trade at $141.00 per barrel the second half of this year. This is a worldwide problem and not a Bush or U.S. problem. Guess we want someone to kick. |
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Posted on: 2008/5/16 19:03
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96, white and a ton of miles. Somewhat stock. |
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| pianoguy | Re: Friday Chat 05.16.08 | ||
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Guru Emeritus
 
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Happy birthday to your little guy, Chris, and congrats on your new house, biggrizzly!
I had the day off and have been busier than if I had gone to the office. My wife decided it was time to go to the nursery to get flowers and plants, so we did our best to boost the local economy. |
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Posted on: 2008/5/16 21:23
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1996 LT4 �Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you are a mile away from them and you have their shoes.�- Jack Handey |
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| JrRifleCoach | Re: Friday Chat 05.16.08 | ||
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Elite Guru
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GAWD I GET BORED OF THIS DRIBBLE!!!!! Its always GW's fault. "He does this and doesn't do that!"  |
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Posted on: 2008/5/16 22:12
Edited by JrRifleCoach on 2008/5/16 22:54:41 |
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| TommyT-Bone | Re: Friday Chat 05.16.08 | ||
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Chair-man of the bored
 
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Maybe I should buy a old tanker trailer and fill it with premium gas. Put in a couple 55 gallon drums of Stabil and I'll be good to go for the next few years. I wonder how long gas could stay in a tanker? How many gallons to fill a tanker?
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Posted on: 2008/5/16 23:28
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| DaleD | Re: Friday Chat 05.16.08 | ||
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Senior Guru
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I should stay out of that stuff too. I'm not bright enough, or I don't have enough self control, or some combination of the two!  |
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Posted on: 2008/5/16 23:47
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Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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| smooth | Re: Friday Chat 05.16.08 | ||
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Senior Guru
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$141 a barrel?! If I had any guts I'd roll the dice and invest my 401k in it!. Sadly, I'm more of a utilities kind of guy but at least I can sleep at night....
I hope you all have a Great weekend. I get to fly out to Chicago for a whirl wind meeting...leave Phila sat night at 6 hit chicago at 7:30 get dinner meetings 8 to 2 sunday and back on a plane at 3. Hope the weathers decent |
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Posted on: 2008/5/16 23:57
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Alan 2001 Navy Blue Metallic Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. Dr.Seuss |
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| CentralCoaster | Re: Friday Chat 05.16.08 | ||
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Senior Guru
 
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Gas downtown today was $4.10 regular, $4.30 premium, and $4.80 diesel.
Seriously, which ones of you are really hurting from gas prices or the real estate slump right now? Surely not anyone that wasn't already living beyond their means in the first place. |
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Posted on: 2008/5/17 0:00
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1985 Z51, ZF6 |
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| smooth | Re: Friday Chat 05.16.08 | ||
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Senior Guru
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Sure most of us here can afford it. We're just not used to the price skyrocketing like it has recently for what ever reason. We havn't quite hit the $4 mark here in the Philly area. but it surely will. obviously it hurts Joe Average. It will likely hurt the Shore business in So. Jersey this year. Lots of people pile in the family truckster and drive the hour and a half to the shore every week end during the summer around here.....but not at $4 + per gallon @ 10mpg |
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Posted on: 2008/5/17 0:08
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Alan 2001 Navy Blue Metallic Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. Dr.Seuss |
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| polish41 | Re: Friday Chat 05.16.08 | ||
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Guru Newb
 
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Well the ones it hurts the most are the ones like me. Fixed income, no raises, every time the price goes up that means I have to cut something out. No trips to visit my grand kids. The golden years aren't so golden anymore. More like leaden now. Gas prices are killing me.
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Posted on: 2008/5/17 2:30
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