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Gas Prices should be coming down soon

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Old May 23, 2004 | 12:21 PM
  #1  
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Default Gas Prices should be coming down soon

Saudi Arabia has announced that it promises to increase oil supply. Hopefully OPEC will follow suit. Whew hopefully the prices drop soon....

http://story.news.yahoo.com/news?tmpl=stor.../energy_opec_dc
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Old May 23, 2004 | 12:28 PM
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I think prices will only seriously drop when the US has it's bought oil reserves fully stocked again. I don't think this will happen for a long time. The view over here is that Opec will not increase production quota's.
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Old May 23, 2004 | 01:53 PM
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Yeah, gas prices are plunging because of that amazing show of force the American consumer put on last Wednesday by not buying gas for a day.




j/k to all you idiots that believe that kind of crap does anything.
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Old May 23, 2004 | 03:11 PM
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i hear the problem is not the oil supply.. it is more the fact that we do not have enough refineries to process the oil.
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Old May 23, 2004 | 03:36 PM
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Originally posted by dkhl
i hear the problem is not the oil supply.. it is more the fact that we do not have enough refineries to process the oil.

what?? then how come they had enough refineries in the past to meet consumer needs when prices were lower?? are you trying to say that cosumer consumption has gone up significantly and/or that the number of refineries operating has dwindled??
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Old May 23, 2004 | 04:12 PM
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Drill Alaska!
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Old May 23, 2004 | 04:51 PM
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[QUOTE]Originally posted by VTEC_Junkie
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Old May 23, 2004 | 05:45 PM
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Well put, LudeDude.

I agree on the drilling of Alaska, but as stated above...we need 2 crucial things to make this happen:

1. More Refineries
2. Man Power

It seems simple, but we struggle with this exact same problem everyday. I think all should be on China

-C.J.
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Old May 23, 2004 | 05:53 PM
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dont drill alaska.
put it on reserves

once the world's supply runs out. then that is a good time to drill alaska for the us people's use


why waste our resources when we can waste other's resources
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Old May 23, 2004 | 06:09 PM
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[QUOTE]Originally posted by S2000boi
dont drill alaska.
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