Oil prices likely to double, says study

[djtdot]

Lol so if we run out of oil, will we go back to fighting battle on horsebacks and if I want to go to Europe will I have to take a ship?

 

[comic_relief]

what about offshore drilling in the Atlantic Ocean and Gulf of Mexico?

What about shale oil in the rocky mountains?

I've been hearing from my professors that there is a sh!t load in the rockies.

comic_relief

 

[comic_relief]

I'm confused. How is the price of oil and the price of gas related? How come the price of gas fluctuates wildly from country to country and in the US state by state. Is it really the market price?

The national average for the US for regular is $3.59. In the city I live in the lowest price is $3.85

I'm getting my data from Gas Buddy

Oil = gasoline
gasoline = oil

country to country? taxes mainly
state to state? taxes mainly

comic_relief

 

[Joe The Homophobe]

PAPER: Gas could go to $10/gal...

America is nearing it's end as a superpower and maybe its entry into third world status.

 

[Latinoman]

Oil = gasoline
gasoline = oil

country to country? taxes mainly
state to state? taxes mainly

comic_relief

Gasoline is NOT the same as oil. Oil has to be refined in a refinery.

So, oil goes to a refinery...and from a refinery we get gasoline, diesel, kerosene, jet fuel, asphalt, etc.

Country to country? A series of issues...transportation costs, maybe they have to import their refined products, maybe their emission laws require a lower sulfur product, etc. Same goes with state to state.