Oil closes above $80 a barrel.

[MiccyNarc]

Oil has closed above $80 a barrel for the first time in history, still well short of the adjusted for inflation $101 per barrel back in the early 80s.

Fun stuff.
http://biz.yahoo.com/ap/070913/oil_prices.html?.v=23

 

[The Monkey]

I laughed out loud.

 

[kirovman]

That's ok, I don't use oil.

I use petrol.

 

[PvtRyan]

Yeah, I don't get what the big deal is either. I mean, everyone is so scared of oil running out, but I've never seen a car in my life that runs on oil. Storm in a glass of water.

 

[kirovman]

Everyone is so worried about carbon emissions now.

Not me, I don't use carbon.
I use Electricity, Gas and Petrol.

 

[Beerdude26]

I'm liking this ignorance

 

[xcellerate]

...time to stay outta boost.

 

[MiccyNarc]

Yeah, I don't get what the big deal is either. I mean, everyone is so scared of oil running out, but I've never seen a car in my life that runs on oil. Storm in a glass of water.

Sarcasm right?

 

[jverne]

pussies....i use cooking oil!

 

[MRG]

Where does gasoline come from?

Gasoline is made from crude oil. The crude oil pumped out of the ground is a black liquid called petroleum. This liquid contains hydrocarbons, and the carbon atoms in crude oil link together in chains of different lengths.

It turns out that hydrocarbon molecules of different lengths have different properties and behaviors. For example, a chain with just one carbon atom in it (CH4) is the lightest chain, known as methane. Methane is a gas so light that it floats like helium. As the chains get longer, they get heavier.

The first four chains -- CH4 (methane), C2H6 (ethane), C3H8 (propane) and C4H10 (butane) -- are all gases, and they boil at -161, -88, -46 and -1 degrees F, respectively (-107, -67, -43 and -18 degrees C). The chains up through C18H32 or so are all liquids at room temperature, and the chains above C19 are all solids at room temperature.

The different chain lengths have progressively higher boiling points, so they can be separated out by distillation. This is what happens in an oil refinery -- crude oil is heated and the different chains are pulled out by their vaporization temperatures. (See How Oil Refining Works for details.)

The chains in the C5, C6 and C7 range are all very light, easily vaporized, clear liquids called naphthas. They are used as solvents -- dry cleaning fluids can be made from these liquids, as well as paint solvents and other quick-drying products.

The chains from C7H16 through C11H24 are blended together and used for gasoline. All of them vaporize at temperatures below the boiling point of water. That's why if you spill gasoline on the ground it evaporates very quickly.

3rd grade stuff right there my friends.

So in other words, you should care about the cost of oil per barrel.

-MRG

 

[Glirk Dient]

I don't know about you guys, but where I live it gets cold in the winter. If we used more carbon we would raise the carbon emissions and thereby making it warmer where I live. I don't like winter, so we should just get rid of it.

3rd grade stuff right there my friends.

-MRG

Nobody likes a liar. Maybe if you stopped making stuff up your parents would still love you.

 

[jverne]

I don't know about you guys, but where I live it gets cold in the winter. If we used more carbon we would raise the carbon emissions and thereby making it warmer where I live. I don't like winter, so we should just get rid of it.


Nobody likes a liar. Maybe if you stopped making stuff up your parents would still love you.

excellent idea, lets burn down all forests so we can be warm.

now..where is my lighter?

 

[kirovman]

3rd grade stuff right there my friends.

So in other words, you should care about the cost of oil per barrel.

-MRG

Religious mumbo-jumbo.

On a more serious note, I may have to fill up tomorrow, I just hope prices hold out at 91.9p a litre until I can reach the pumps.

 

[Krynn72]

Wewt, I got gas yesterday for cheap, and I was all like "In before price hike!" and gave the clerk a high five.

 

[CyberPitz]

Aha! I got gas already today! SAFETY!

 

[MiccyNarc]

Prices on the market usually don't affect the price at the pump for 2 weeks.
The reasons for high prices after hurricanes, refiner fires, and the like are due to the fact that the problem is occurring much closer along the production line to the pump.
$80 a barrel is still about $2.60 a gallon. The problem lies in the fact that if something does happen to a refinery or something of that nature, you can expect a major price hike almost immediately. It will have to hit $93 a barrel before we see a $3 gallon minimum again.

 

[Apocalypse89]

Bahrain economic news: Petrol still cheaper than water. All is well.

 

[clarky003]

You seriously don't know how good you US folk have it. Seriously it works out at around $80 or $90 to fill your goddam car up here, typically that will last you 2 weeks of constant conservative driving, so we might aswell just go and buy some filled up barrels. I don't know how the farking hell we are still accepting these prices tbh.

 

[xcellerate]

it costs me $53 to fill 3/4 of my audi's tank...I mean it's still expensive.