Price of Gas. etc. effecting your Pool Playing
- Thread starter CocoboloCowboy
- Start date
Wow, so if we get that additional 4.3 billion barrels, we can then expect to run out of domestic oil in about 8.75 years instead of 8 years (btw, that article was from 2008). I feel great now.
The information can be found in more places than Williams' book. I would never trust the word of just a minister or any other religious official because religion in the oldest scam in history. The point was the US needs to resume drilling. I read a article recently in a national publication -can't remember which, that spoke of the US oil reserves. The article read that the US has been stockpiling foreign oil for decades and that stored oil is what is referenced when people speak of oil reserves rather than what is in the ground. Any truth to this or are they blowing smoke?
I assume that you are referring to the U.S. Strategic Petroleum Reserve. If so, yes, the U.S. has been stockpiling oil from all sources for decades. However, per the inventory as of the end of 2010, they hold 727 million barrels of both sweet and sour oil. Sadly, that is not even enough oil to satisfy even 1/4 of one year's worth of U.S. oil consumption at current level of domestic demand.
As far as your "information from other sources", well, I would just have to see it to believe it. Also, remember that even if substantially more oil exists under domestic soil, getting it out of the ground efficiently is an entirely different matter. Like I said, even if more oil exists, it is much harder to get it out of the ground today. Essentially, the low hanging fruit has been picked. "Fracking" for oil in shale or extracting it from Canadian oil sands is more difficult and more expensive to do than in the old Texas days of drilling, finding a big well, and inserting a large straw into it to get it out.
One day, perhaps soon, I think that we may just be in a worse bind due to lack of energy. Anyone feel like taking a walk???
Most people in the USA do not Walk to work, or Ride a Bicycle to work, or use these methods transportation to get around.
Gas Company Raise Prices, and the Prices of Consumer Good, & Service go up, and the EXCUSE is we have to raise our price because it cost us more to get items, because of the rise in GAS PRICES.
Gas Prices fall, and nothing else goes down.
Sin City and other place people go on Vacation are hurting over cost of transportation, and our El Crapo Economy.
IMHO we could soon see this image a the Local Gas Station.
My local Gas Station raise their price again $.03 in less than 12 Hours YESTERDAY.
Gas Company Raise Prices, and the Prices of Consumer Good, & Service go up, and the EXCUSE is we have to raise our price because it cost us more to get items, because of the rise in GAS PRICES.
Gas Prices fall, and nothing else goes down.
Sin City and other place people go on Vacation are hurting over cost of transportation, and our El Crapo Economy.
IMHO we could soon see this image a the Local Gas Station.
My local Gas Station raise their price again $.03 in less than 12 Hours YESTERDAY.
You are correct Logan. Even if the oil is up there it would be extremely difficult to get it out of the ground. Who the heck wants to work in an environment like that? That would be a job for the deadliest catch type guys. Yes, that's what they were called, the strategic oil reserves. They made it sound like it was a huge source of oil we had available in case of emergencies. I didn't know it was such a small amount. Ok, we're gonna be screwed then. Maybe I'll ride my bike to work this summer.
You guys are looking at it backwards.
Oil prices aren't going up, the value of the dollar and other fiat currencies are devaluing.
Last weekend, the Yen hit new highs against the dollar... 78.xx to 1. The dollar index today is in a crisis point, sitting at 75.49.
Since oil is tied to the dollar since the 1970's, they affect one another. Oil isn't the cause of the inflation raging in our country, its the Fed's monetizing our debt, and foreigners buying less and less of our treasuries.
Consumer spending makes up 70% of our GDP, and GDP is slightly up... not because people are buying more, but because the cost of necessities are climbing, and it leaves less money for discretionary spending.
Thus... pool playing and going to pool halls moves much lower on the priority list. I would suspect bowling alleys and golf courses are experiencing the same thing.
Oil prices aren't going up, the value of the dollar and other fiat currencies are devaluing.
Last weekend, the Yen hit new highs against the dollar... 78.xx to 1. The dollar index today is in a crisis point, sitting at 75.49.
Since oil is tied to the dollar since the 1970's, they affect one another. Oil isn't the cause of the inflation raging in our country, its the Fed's monetizing our debt, and foreigners buying less and less of our treasuries.
Consumer spending makes up 70% of our GDP, and GDP is slightly up... not because people are buying more, but because the cost of necessities are climbing, and it leaves less money for discretionary spending.
Thus... pool playing and going to pool halls moves much lower on the priority list. I would suspect bowling alleys and golf courses are experiencing the same thing.
You apparently didn't read down long enough before a shiny object caught your eye and you ran off.
The fact is, we can discuss this write our congressmen march around with signs but it won't really effect our own personal lives anytime in the near future. The best we can do is take control of our own lives and not depend on others to do it for us. My electric bills never run more then $75.00 and average closer to $50.00. My house is efficient in every way possible. My car is an average car rated at like 25 MPG but I get much more. My trunk is not full of junk, tires proper and I drive based on my Tachometer. I also drive only when I have to. In other words no unnecessary trips we combine trips. $10.00 in gas lasts me a week or more most of the time.
It is good to be an activist and try to change the world but we are the masters of our own fate. No one make people be 50 pounds over weight or eat junk food. No one stops us from exercising, it is free by the way, you don't need to belong to a gym. No one makes you smoke, no one make you buy things you can't afford or don't need or run up credit cards or drink excessively. As much as people like to play the victim in most cases we choose the life we live. We are not screwed it is up to us. To make this relevant to pool, all the complaining pool players do is actually within their own ability to make change happen. Players sit around waiting for a hand out that will never come and complain.
You guys are all barking up the wrong tree. It is still a fact that 30 cents of real money buys a gallon of gas and gets you at least 3 federal reserve notes in change. A silver dime is worth at least $2.50 in federal reserve notes. Three silver dimes is $7.50 in federal reserve notes. The price of gas has gone down, not up, since the early 60s. It is the privately owned federal reserve system (owned by banks) that is destroying the value of your paper money and causing the price of oil to rise, not the oil companies or speculators.
eh??? what does this mean?
Ours went up yesterday as well. Its pushing 6 a gallon now.
Cuba to drill in Gulf of Mexico
While A$$bama continues his opposition to offshore drilling in the gulf....Cuba has now come to an agreement with China to begin drilling in the gulf. China now owns a large percentage of our debt....what do you suppose they're gonna do with their profit from this venture......if you guessed "buy more debt paper on the US.......you win the cupie doll.......Dan
While A$$bama continues his opposition to offshore drilling in the gulf....Cuba has now come to an agreement with China to begin drilling in the gulf. China now owns a large percentage of our debt....what do you suppose they're gonna do with their profit from this venture......if you guessed "buy more debt paper on the US.......you win the cupie doll.......Dan
And who was in the White House when all this happen.............I forgot:wink:
I wasn't playing much before gas prices and not much now either. Since I retired I drive even less so my gas expense is less. Not to mention when oil goes up so does my royalty check from Sunoco. The oil co hit a gusher in 1927 for G Grandfather.
Anyway, it really can effect peoples lives but some need better priorities > don't you? :grin:
Rod
Anyway, it really can effect peoples lives but some need better priorities > don't you? :grin:
Rod
AV gas is a little more is it Shawn?
Just put some of that in your motor cycle, up the octane a tad. Might get there faster.
Thats a nice set of wheels, or should I say wings ya got there. I started flying when I was 30. Busted my leg in 4 places in the Motor Drome and sold all my books and spent my flight money on bills. I doubt I'll ever get back into it again. Too expensive now and the cue shop sucks up whatever is left over. Better go for a cross country and come pick me up.
Just put some of that in your motor cycle, up the octane a tad. Might get there faster.
Thats a nice set of wheels, or should I say wings ya got there. I started flying when I was 30. Busted my leg in 4 places in the Motor Drome and sold all my books and spent my flight money on bills. I doubt I'll ever get back into it again. Too expensive now and the cue shop sucks up whatever is left over. Better go for a cross country and come pick me up.
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AV Gas is 4.75 a Gal here. The Harley would really be rockin with Av gas in it..:thumbup:
Gas price out by me have gone from about $2.60/Gal. in the last Six months, to now almost $3.79/Gal in most places near me:angry:. I don't drive a lot of mines being retired, but I see the prices of other stuff that is delivered by Truck, Messenger, UPS, USPS, etc. creeping up.:sorry:
The other day on the way home from downtown, I stopped at what was one of the busiest Sports Bar in PHX, the guy in the who run the Pro Shop that use to come in a 2PM,now shows up a 6 PM,
Ask one of the long time employees what has happened. She said price of Gas, and Unemployment has killed business.
On of my buddies live on the outskirts of Cincinnati Ohio, and is a self employed cement/general contractor who use to play pool a couple of night a week, , he say the are around him is dead or dying.
Price gas high to by here me. unemployment go more but beer good so tuff to say by what people think might be better for what pay. I agree is slow business but need drink so not need more gas but buy beer instead.
Best post of the day!