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The Pub For General Automotive Related Talk |
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#241 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,600
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On our xmas travels, Diesel at Bacchus Marsh $1.27.9 plt, Eastern side of Ballarat $1.37.9plt, western side of Ballarar $1.43.9plt All on the same day !!! And yesterday Temora NSW $1.31.9plt then up the road at West Wyong $1.44.9plt !!!
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#242 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 2,831
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Quote:
At some point soon the price of crude will drop below the point that the shale oil is viable, and as soon as they stop producing it, the OPEC guys will be laughing all the way to the bank as we hit $2 a litre. |
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#243 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,096
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Quote:
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#244 | |||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Vic
Posts: 639
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Quote:
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Now- AMG W211 E55 Then - BFII F6 Coming - 84 XE S-pac |
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#245 | ||
FF.Com.Au Hardcore
Join Date: Feb 2010
Posts: 1,242
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Theres alot of investors in the American shale business that are hurting big time at the moment. You only have to look at some of the companies on the Australian Market whos shares have more than halved. The american shale business wasnt even making money when oil was at $100 a barrel (they were being funded by alot of debt), thus imagine how good they are going now. In addition, the payoffs for shale wells comes short and sweet ( these wells are productive at start, but die rather quickly compared to your tradional oil well). Theres a good chance that over 75% plus, of US production is losing money at the moment, and once you shutdown a shale oil well, its a huge cost to get it running again. Any sane investor wont be returning to this situation for a long time. Smart investors out there would be buying 44 gallon drums, and throwing a bit of petrol in there each week. Come latevthis year, or early next year, petrol will be staying above $1.60 a litre.
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#246 | |||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,650
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Quote:
![]() BTW peak oil is when consumption rate is greater than the maximum extraction rate. so far all predictions have proved wrong. Last edited by zipping; 07-01-2015 at 07:06 PM. |
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#247 | |||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Vic
Posts: 639
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Quote:
Zipping - peak oil can't be a false prophecy. If we keep using it, it certainly doesn't compose at the rate we are using it. It may just take a bit longer to get to that point though. Making an accurate prediction as to when that is would be a hell of a trick though.
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Now- AMG W211 E55 Then - BFII F6 Coming - 84 XE S-pac |
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#248 | ||
FF.Com.Au Hardcore
Join Date: Feb 2010
Posts: 1,242
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I dont think it means when consumption is greater than max. extraction rate. If you look at it logically, how can you ever consume more of something than you have? Peak oil has more to do with when the maximum production has been reached. If you only count normal (crude) oil production (drill a hole in ground, and wait for oil to pop up), then most experts agree that peak oil happened in about 2005. Oil production has increased since then, but its happened due to shale oils (which alot cant be used in transport fuels), oil sands, biofuels etc etc.
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#249 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,096
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Last night crude oil dropped below $46 per barrel.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#250 | ||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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Could there be some new energy tech sitting behind the scenes fuelling this rather rapid price drop for the black stuff?
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#251 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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i would not be too worried about oil or fuel too much, if and when it becomes scarce enough for the price to become unpalatable for motorists , it will more than likely happen gradually and people will ween off expensive to fuel vehicles and go to hybrids or electric,
and in the mean time some one will come up with a another viable fuel, the internal combustion engine is very versatile , it will run on many different fuels.. |
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#252 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,096
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Crude oil now trading at under $45 per barrel.
What crisis?
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#253 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,096
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Just filled the FG XR6 for $78. Six months ago it was costing about $30 bucks more.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#254 | ||
Banned
Join Date: Mar 2010
Location: PERTH. WA
Posts: 4,697
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Im loving these cheap fuel prices,costing me about 1.30 for 98,LOVE IT!
1.10 for regular in perth. |
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#255 | ||
Donating Member
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Posts: 5,676
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#256 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Quote:
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#257 | ||
Starter Motor
Join Date: Jan 2015
Posts: 4
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While I'm enjoying the cheap petrol I do have concerns for the impact the low prices of oil may yet have. But not much I can do. 91 is like $1.02 here its nice watching the litres keel up with $ on the bowser
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#258 | ||
FF.Com.Au Hardcore
Join Date: Jul 2007
Posts: 609
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but remember that the big cost with shale oil is the set up. Once its online they wont turn it off no matter how much the price drops. This is why the US oil output hit its highest rate ever recently even with prices through the floor.
There are a stack of reasons why oil price is going through the floor but the big question is when it will stop and how long it will stay there and no one can predict that. But i will say that demand is down and supply is up. The fact that demand is down is an indicator all is not economically sound in the world (some may question the accuracy of certain govt statistics we are seeing from around the world - the markets tend to be a bit more honest) my concern is E85. As oil drops and food prices increase i fear i might have to go back to 98 (nooooooooooo). United are being jerks selling it for $1.00 when unleaded is only 109. At least caltex eflex is 90c and i get a little more out of a tank for that also (seeing its e75 atm) |
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#259 | ||
Falcon RTV - FG G6ET
![]() Join Date: Mar 2007
Location: In Da Bush, QLD
Posts: 31,380
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They will care for future cash flow, however most if not all of Vlad's mates got their loot out of Russia just before sanctions kicked in over the Ukraine business.
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BAII RTV - with Raptor V S/C. RTV Power FG G6ET 50th Anniversary in Sensation. While the basic Ford Six was code named Barra, the Turbo version clearly deserved its very own moniker – again enter Gordon Barfield.
We asked him if the engine had actually been called “Seagull” and how that came about. “Actually it was just call “Gull”, because I named it that. Because we knew it was going to poo on everything”. |
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#260 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,096
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Down to under $45 per barrel.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#261 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Shoalhaven
Posts: 3,161
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This is encouraging (not):
http://www.smh.com.au/national/car-r...30-132bv3.html Quote:
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#262 | ||
Regular Member
Join Date: Jan 2015
Posts: 45
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Australia is already the most expensive place in the world to live because we have to import everything else, even our income. What would the Aust economy be if it wasn't for the Tourism industry? It would be nothing.
Peak oil is not a myth infact it is a weapon of war. Check out the history of the 1973 oil crisis. http://en.wikipedia.org/wiki/1973_oil_crisis In 1973, the Shah of Iran told the New York Times, "Of course [the world price of oil] is going to rise....Certainly! And how...; You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid to us...; It's only fair that, from now on, you should pay more for oil. Let's say ten times more." More proof that buying Gold and preparing for the worst is the best thing I can be doing right now. We are at war gentlemen. Don't forget that all another country needs to do to wipe us out is increase the price of something until we are buying everyday items with debt. Oh wait. That already happened. I see a future where Australia's population is living like Africans on food rations. We are at the mercy of a Global economy and if the US or China go to war (with nukes) we are finished as who knows what kind of insane economic conditions our economy could stay afloat in. As it is right now we are barely staying afloat on the back of a global economy that is doing GOOD. Nevermind one that has collapsed entirely. Btw the safest method of storing petrol is in individual Jerry cans. If you get a puncture in one you only lose 20 litres instead of 50-150 litres and they are easy to move around in the event of having to de-*** the area. Don't bother with ex-army jerry cans as they have seen too much use. Only buy the brand new ones, which are pretty expensive but worth every penny.
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XF = Alloy Wheels - C1 Head - Headers & 2 1/4" Pipe - No AC - 16" Electric Fan - Manual Steering - Points Ignition = Bliss Last edited by lisaishername; 31-01-2015 at 06:49 PM. |
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#263 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Geelong, VIC
Posts: 5,265
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So what will you be doing lisaishername and do you have a time frame until things get well again? 10years/100years/1000years/10000years?
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#264 | |||
Regular Member
Join Date: Jan 2015
Posts: 45
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Quote:
A timeframe for things getting better is difficult to judge and I'm not a cult leader throwing out dates to die by. However if I were to guess it would be about 15-30 years before Australia came back to its current glory. If we get a decent leader it will be shorter. But you can forget about welfare or free dental or government housing. It would be tent cities and peer to peer wifi and solar powered laptops and IF people are smart enough they will stop anyone who tries to put them behind gated fences "for their own good" as governments have proven themselves time and time again that they don't care who you are all you look like to them is free labour. On the bright side we might see a lot of rich people build their mansions here. and we are seeing that now. They could end up using their power and influence to make this country great once more. If you want fuel then I suggest that you modify your vehicle to run high purity Ethanol as you can make that from potatoes, corn, don't expect to get much though.
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XF = Alloy Wheels - C1 Head - Headers & 2 1/4" Pipe - No AC - 16" Electric Fan - Manual Steering - Points Ignition = Bliss Last edited by lisaishername; 31-01-2015 at 07:22 PM. |
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#266 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
With your outlook on life in general you wanted this one.............. http://www.survivalistboards.com/
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#267 | |||
FF.Com.Au Hardcore
Join Date: Sep 2005
Location: Ivory Tower
Posts: 5,414
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Quote:
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2021 BMW M550i in Black Sapphire Metallic.
11.52 @ 120mph stock |
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#268 | |||
Regular Member
Join Date: Jan 2015
Posts: 45
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Quote:
And so would owning a gun. I don't own a gun and never will. I'm anti-guns. I'll lay off the scary talk but the reason why I'm talking about it at all on here is so I don't have to feed any of you guys when it all goes belly-up. ![]()
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XF = Alloy Wheels - C1 Head - Headers & 2 1/4" Pipe - No AC - 16" Electric Fan - Manual Steering - Points Ignition = Bliss Last edited by lisaishername; 31-01-2015 at 09:57 PM. |
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#269 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Quote:
Dont put all your eggs in one basket! Last edited by GASWAGON; 31-01-2015 at 10:08 PM. |
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#270 | |||
Regular Member
Join Date: Jan 2015
Posts: 45
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Quote:
Feel free to pay me in USD for my gold at some point in the future if you wish when I'm ready to sell. Take a look at how much Gold China and Russia is buying btw. I consider land, food and tools to be as good as gold. So I'm not putting it all in one basket by my standards. You can dig as little or as deep as you want to on this topic but suffice it to say that I wouldn't want to base a civilization that I would govern (lets just say) on one single resource (like oil). This is a nice 4 part series on the petrodollar: http://ftmdaily.com/preparing-for-th...dollar-system/ I would like to see Australia go the way of Brazil in using more land for Ethanol. That will give us leaverage on the global oil market and doomsday wouldn't be much of an issue for us. We sure have the space for it. https://www.youtube.com/watch?v=I5jmOwBf_qQ https://www.youtube.com/watch?v=Q2aQwcdILdE http://www.bloomberg.com/news/articl...out-buys-world http://www.zerohedge.com/news/2015-0...-imf-gold-data
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XF = Alloy Wheels - C1 Head - Headers & 2 1/4" Pipe - No AC - 16" Electric Fan - Manual Steering - Points Ignition = Bliss Last edited by lisaishername; 31-01-2015 at 10:43 PM. |
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