At these rates, will be there by the end of this year!! Hopefully not, though.
How mad would big business get if all the Owner/Operators of trucks across North America suddenly stop their trucks in protest?
How fast would the Oil Companies start listening to Big Business?
HMMM Perhaps the executives of Big Oil should have their wages cut down to $50,000 per year and kept there till they retire? Just the money saved on those over-inflated wages would get the fuel prices down somewhat!
CNN just reported Enron created "Dark Markets" could be responsible for the high price of oil. The "news' could be that Speculators are the real reason and not China and India. This will be interesting to see how it develops. Are speculators going to run for the door ? Is government going to regulate ?
The U.S. Government and Canadian Government, both, can regulate the prices of fuel at the pumps, by getting the attention of the greedy little monsters in charge of the MEGA companies. Aren't there criminal charges that can be laid on companies and their executives for greed, graft, corruption, falsification of production documents and all that stuff?
No matter, bring the execs to me for a lesson in reality!!
The weak U.S. dollar, market speculation and the subprime crisis are the causes for the spiraling price of oil, OPEC's current president said Saturday.
Straight from the Cartel. Seems like the Commodity investigation is ruffling some feathers.
I'd expect OPEC to point the finger everywhere else. Some of which might well be true. But OPEC can and has controlled oil prices in the past. They could today. But who is to blame anyone from taking advantage of these high prices? Very few of us in a similar situation would do anything else.
Yes of course, they won't mention their pricing/output control. Just like the peak oil types who keep screaming about China/India.
At least now, we have OPEC steering the pricing question towards speculators. One of the sheiks may be the biggest speculators when he announced oil was going to hit 200 a barrel. That statement alone added some rocket fuel to get the price to 135.
Who do we blame.....Government. They allow this commodity market to run without control. Its insane.
Time to go diesel. Friend of mine is into diesel trucks and is running on used vegetable oil from a fish and chip shop. They go through 45 gallons a day and have trouble getting rid of it.
Canola oil doesn't produce as much power or mileage as diesel fuel but it is free.(In this case). By altering the fuel management computer you can regain the power lost with the switchover.
There are some issues with cold weather use, but preheaters largely solve that problem.
Even if you can't find a source for used oil you can buy new at the supermarket for about $1.10 a liter which is still a big saving over the pump price of diesel. Buying in bulk would drop the price even further.
Canola produces dramatically less emissions and is a local product. (invented here actually).
<blockquote><cite>Posted By: Grumpy_Old_Guy</cite>Time to go diesel. Friend of mine is into diesel trucks and is running on used vegetable oil from a fish and chip shop. They go through 45 gallons a day and have trouble getting rid of it.
Canola oil doesn't produce as much power or mileage as diesel fuel but it is free.(In this case). By altering the fuel management computer you can regain the power lost with the switchover.
There are some issues with cold weather use, but preheaters largely solve that problem.
Even if you can't find a source for used oil you can buy new at the supermarket for about $1.10 a liter which is still a big saving over the pump price of diesel. Buying in bulk would drop the price even further.
Canola produces dramatically less emissions and is a local product. (invented here actually).</blockquote>
I remember reading about this years ago in Car and Driver magazine. I think it was an engineering student somewhere in the western US that converted a VW rabbit diesel into the greasing burning machine. He'd hit up Burger Kings and McDonalds for fuel. It was a great article.
A guy just north of Brandon has been using that on his truck for years. Some time ago Brandon Transit converted at least one of its busses to spent vegetable oil.
"Even if you can't find a source for used oil you can buy new at the supermarket for about $1.10 a liter which is still a big saving over the pump price of diesel. Buying in bulk would drop the price even further."
What supermarket are you buying at? I am sure several people on here would like to know as that is quite cheap from what I see.
<blockquote><cite>Posted By: DeanK</cite>What supermarket are you buying at? I am sure several people on here would like to know as that is quite cheap from what I see.</blockquote>
I don't actually shop at any supermarket. I have people to do that for me. (wife). When this topic came up I asked her what does a jug of canola oil cost? $4.50 ish for 4 liters is what I'm told. I stand to be corrected.
That about right GOG. if not slightly higher. some of it is going for 6 plus. Same for Corn oil. Isn't Diesel higher then gas ? Some trucker I know was pretty pissed, said it cost him about 1400 to fill the rig.
Mind you , the TDI ( turbo Diesel )engine by Volks gets you a staggering 1100 plus K's on the highway. Not shabby , but a premium to be paid for the performance.
GOG, is there an explanation for diesel being so much higher. Isn't Diesel a byproduct of gasoline production. Surely, the use of Diesel hasn't skyrocketed to an extent that its price has overtaken gasoline.
To be honest I'm not even sure what diesel costs these days. Traditionally it's been less than gasoline but there are some refining problem with trying to increase the diesel vs gasoline output from refineries. Something to do with cat cracking vs hydro cracking. The Europeans use one, we use the other. Their system produces more diesel per barrel as they have always had a higher percentage of diesel powered vehicles. Now that the demand for all fuel types has increased there is a supposed shortage of diesel hence the price increase.
Not that a real excuse is needed by the oil companies to increase prices.