Record High Gas Prices?

[Odin]

Originally Posted by redneck

Peak production perhaps, not peak oil.

>

they have pretty much the same results, different definitions but same results

[gone-ot]

...sorta makes one wonder just how much "windfall profits" the oil companies will be trying to 'hide' from public knowledge?

[cfg83]

Arragonis -

Yeah, that's what I heard too. The Saudis are lying about their capacity, some of which was damaged by poor extraction practices :

Global Crude Supply: Is the Oil Peak Near? - 2009

The water issue directly relates to the sustainability of the five giant Saudi fields because all five use water drive to create their fabulous wellhead oil flows. For example, the Saudis have been using water injection in Ghawar since 1965. I have questioned whether the extensive use of water injection may threaten the viability of the Saudi fields, and Aramco has responded that it does not. Certainly, the fact that Ghawar continues to pump 5 million b/d supports the Saudi position. However, I believe this issue needs more independent scientific investigation. Indeed, my research has shown that water injection and other enhanced recovery techniques may very well increase depletion rates, accelerate production peaks and hasten a steady decline thereafter.

How much oil does Saudi Arabia actually have? | John Vidal | Environment | guardian.co.uk - Feb 2011

Does anyone know how much oil Saudi Arabia has left? Last week a series of US diplomatic cables from 2007-2009 and released by WikiLeaks suggested that senior US embassy staff were warning Washington that reserves could be 40% less than stated and that "peak oil" might be imminent.

CarloSW2

[redneck]

Originally Posted by Odin

they have pretty much the same results, different definitions but same results

Uhh, no...

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[vacationtime247]

Muncie, Indiana - USA

$3.48 87 octane local
$3.79 Diesel

So far I've....Sold the mistake, '93 Chrysler Sebring. Sold the 1993 Chevrolet Suburban. Only driving my 2 best fuel efficient vehicles, @27-31 mpg. Parked my big truck. Bought a new cheap 200cc Enduro dual purpose bike (set up with street tires). Want to save money on fuel so I figure I'll just use less.
VT247

[Joenavy85]

Originally Posted by jamesqf

If you look at it from a cost/mile perspective, though, I DO have 99 cent gas. In fact, I do even better. I average 71.2 mpg in the Insight, a typical SUV gets say 15 mpg. So at $4/gal, it costs him $4 to go those 15 miles, but it costs me only 84 cents :-)

Even for a smaller American car getting 25 mpg, I'm still paying only $1.40 for what costs them $4.

Where do you live? i know where i'm moving too next

[SentraSE-R]

$3.86/gal for regular today, $4.10 for premium here in the Bay Area, and my part of the bay is way cheaper than SF itself!. How high will it be before Memorial Day, and how high will it rise after Memorial Day?

[jamesqf]

Originally Posted by Joenavy85

Where do you live? i know where i'm moving too next

I think you missed my point. You don't have to move, you just have to buy an Insight. That is, when gas is $4 and a gallon takes a guzzler 15 miles, that same $4 takes me over 70 miles.

[Joenavy85]

how much does it cost to replace the battery bank though? that's a serious question, i've actually considered getting a 1st Gen Insight to hypermile

[Frank Lee]

Originally Posted by Joenavy85

Where do you live? i know where i'm moving too next

That system works everywhere!