Automotive News, Media & Press - Get ready for gas to hit $4/gal. or more!

Just saw on MSNBC that BP is shutting down one of their pipelines, which accounts for about 8% of the total US production, for repair with an indefinate ETA on on-line status. This is ridiculous! :bang: :bang:

I'm going out to buy a Toyata Prius...and put a turbo on it! :jest:

that sucks

Dam, i'm gonna have to fill up soon too.

in the last qtr of the market, BP made 150+ BILLION and they money they made free and clear was netted to be 70% meaning 30% out of a 100% was the actual price of oil the other 70 is what they profited off us which is SICCKKKKK!!!!!!

Personally, I think it's just another excuse for the companies to up their pricing and make further profits. Essentially, they are telling us they don't have redundant systems to their delivery system on line. I've never heard of non-redundant systems in the oil and petroleum industry.

- redundant safety systems
- redundant valving systems
- redundant fire systems
-etc.

We have one of those signs above the express way that says "Be prepared for hurricanes," "Fill up your tanks soon." :jest::jest:. I couldn't help but laugh, seriously. Nice marketing deal.

The gas industry is turning into a monopoly

Personally, I think it's just another excuse for the companies to up their pricing and make further profits. Essentially, they are telling us they don't have redundant systems to their delivery system on line. I've never heard of non-redundant systems in the oil and petroleum industry.

- redundant safety systems
- redundant valving systems
- redundant fire systems
-etc.

If it is an offshore oil well, it most likely doesn't have a redundant system. I should know, I install those systems ;)

If it is an offshore oil well, it most likely doesn't have a redundant system. I should know, I install those systems ;)

It isn't off shore. It is one of 3 or 4 lines that run along the great land of Alaska. I know you don't install those up there. ;)

no eskimo pipe for me. But, those lines are also not redundant since they are super long and require minimal maintenance. I heard the shut down was just temporary, to clean for internal corrosion.

in the last qtr of the market, BP made 150+ BILLION and they money they made free and clear was netted to be 70% meaning 30% out of a 100% was the actual price of oil the other 70 is what they profited off us which is SICCKKKKK!!!!!!WTF are you talking about? Do you know or are you trying to use big words like market and profit to make people think you have any clue as to what you're saying?

http://www.cnn.com/2006/US/08/08/oilfield.shutdown.ap/index.html?section=cnn_topstories
http://www.foxnews.com/story/0,2933,207384,00.html
http://news.yahoo.com/s/ap/20060808/ap_on_bi_ge/oil_field_shutdown

Personally, I think it's just another excuse for the companies to up their pricing and make further profits. Essentially, they are telling us they don't have redundant systems to their delivery system on line. I've never heard of non-redundant systems in the oil and petroleum industry.

- redundant safety systems
- redundant valving systems
- redundant fire systems
-etc.

Oil prices are set on world markets. Exxon, BP and all the other oil companies have nothing to do with the price they sell it at.

heres my idea and seriously it could work.... everyone in the US chips in 500 bucks and gets 1 share of oil stock now after all said and done everyoneowns a equal share of oil and then the monoply cant continue cuz we will just not buy from a compedator plain and simple

http://www.cnn.com/2006/US/08/08/oilfield.shutdown.ap/index.html?section=cnn_topstories
http://www.foxnews.com/story/0,2933,207384,00.html
http://news.yahoo.com/s/ap/20060808/ap_on_bi_ge/oil_field_shutdown
...and you know what those new reports will do? Cause people to go into a frenzy and INCREASE the demand for gasoline as the supply is DECREASING cause the price to rise even more than it should, and who will get blamed? Oil companies for price gouging in a "time of need". If this country wasn't full of ignorant dumbasses, they'd see this as a time to conserve gas instead of buying it now while it is "cheaper". :eyes:

Oil prices are set on world markets. Exxon, BP and all the other oil companies have nothing to do with the price they sell it at.

Sort of. Although they do like to help raise the prices with scare tactics. This isn't really gonna effect us, they are makin it out worse than it will be. Which in turn scares investors & others. This causes the market to rise from fear & then prices go up for everyone. Thankx to our good ol' media today who make everything out to be a great tragedy. :eyes:

I do believe this pipeline is the main supply we sell to China & a couple other countries. Which goes to show you our greedy oil compaines don't want to lose even a penny. I would venture to bet that they even told the countries we sell to the price is goin up.

So not only would they be makin more off the current customers overseas, but also more @ the pumps in our own country. This way if our export goes down some, they won't lose much b/c of our own increase in gas/oil pricing. But @ the same time if export stays up then they make even more money off us. Its all a racket ran by the rich & powerful.

But what do I know, I just talk with employees of some of the largest oil companies in the world while designing their filter/coalescer units, piping & skids for on & off shore production.

Oil prices are set on world markets. Exxon, BP and all the other oil companies have nothing to do with the price they sell it at.

So, you don't think the Futures Market will drive the price up on a National level?

So, you don't think the Futures Market will drive the price up on a National level?


Never said that, I agree the futures will rise like a mofo. I was just stating that Exxon and all the other oil companies dont set the price of crude.

BTW...this is a good topic. :)

The gas industry is turning into a monopoly

the oil industry has always been a monopoly since the death of electric and steam powered cars 80 years ago.

cable tv has satellite tv as an alternative
cable internet has dsl
landline phones have cellular and VOIP

what alternative is there for gasoline powered cars? there is none, unless i wanna walk 60 miles to work and back every day.

i couldnt give a crap what anyone says or thinks for the record, its a proven fact that the oil companies are making more profit now that ever, i know a bunch of people in the industry. this is a freakin scandal, there needs to be some kinda limit on these rediculous prices no matter who sets them :barf:


i could run my truck off of milk now cheaper than diesel, thats rediculous :eyes:

its our president whos gaining from this

it our president whos gaining from this

This is a dumb statement....

This is a dumb statement....


good stuff

Bp cleared 7 billion last quarter. As for the pipeline it is a 2 month project right now. Depends on what they find. All the pipelines together flow 800,000 BPD (barrels per day) 42 gallons per barrel. With the pipeline shuting down it will only have half capacity(Could be less). Any other info you want? Oh yeah I woke for BP. Thanks for my bonus keep driving j/k :jest:

http://usresponse.bp.com/go/site/1249/