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General Information => General => Topic started by: Quantum TD on February 24, 2011, 01:47:40 pm

Title: Gadhafi's son complicit with the market?
Post by: Quantum TD on February 24, 2011, 01:47:40 pm
So, last Satruday, I hear the news about Libya. On Sunday, I read a comment from Gadhafi's son where he's quoted as saying "It will be civil war. The oil fields will burn at the hands of insurgents" (paraphrased). I told my girlfriend to fill up her car as soon as possible, because that's all the a$$hole oil speculators needed to hear to start dumping money into oil stocks.  She filled up on Monday at $3.45/gal for diesel. On Tuesday prices shot up. Today they're at $3.60-3.75/gal for diesel here in TN, and expected to rise more.

On NPR on Monday, they read a quote from a dissertation from a PhD at a London school. Anyways, it was from a PhD in Economics by Qaddafi's son. Yeah, he has a PhD in economics from the London School of Economics. You don't think he's trying to pad the family coffers by stirring up $hit in the economy? How long has the recent unrest in that region of the world been going on? Have fuel prices increased much (if at all) during this process? Suddenly, some rag-head says "Oil fields will burn" and every douche-bag speculator on the market goes clamoring for oil futures.

Whoever said that prices were supply and demand had their head up their a$$. It's all ideological. The market isn't controlled by supply and demand. It's controlled by FEAR. Fear that you won't be able to consume something that you once thought you could. Fear that someone else will make money and you'll be standing there.

Gotta love human nature.
Title: Re: Gadhafi's son complicit with the market?
Post by: theman53 on February 24, 2011, 02:48:38 pm
Last I checked the middle east has been in unrest since Jacob and Esau...probably before.

3.759/gallon diesel here. Yesterday I could have gotten it .30 per gallon cheaper. They will probably lower it and then take it back up slowly, so people don't notice as bad.
Title: Re: Gadhafi's son complicit with the market?
Post by: erice1984 on February 24, 2011, 03:43:57 pm
some places here still at 3.49  most are 3.75
Title: Re: Gadhafi's son complicit with the market?
Post by: Quantum TD on February 24, 2011, 04:47:36 pm
Last I checked the middle east has been in unrest since Jacob and Esau...probably before.

3.759/gallon diesel here. Yesterday I could have gotten it .30 per gallon cheaper. They will probably lower it and then take it back up slowly, so people don't notice as bad.

That's true. It's just "grades" of violence. Like hemorrhoids, they're always simmering, but sometimes they flare up.. How can people of the same race and religion want to kill each-other so badly? At the end of the day, they're just fighting over some really crappy real estate.
Title: Re: Gadhafi's son complicit with the market?
Post by: mystery3 on February 24, 2011, 04:59:55 pm
I resent your racist attitude but the oil market is a monopoly run by a few cartels which are in collusion with one another, so the theory of supply and demand does not apply in this case.

BTW saw diesel as high as $4.19/gal this morning on the way to work.
Title: Re: Gadhafi's son complicit with the market?
Post by: Dakotakid on February 24, 2011, 05:39:41 pm
Wow, man.....every time I fill up from now on, I will be thinking about having a burning "bunk!" I'll put a towel on the seat....just in case....

Tonight, it was said that OPEC will step in and freeze oil at about $100/barrel. Not sure we can count on this though.
Title: Re: Gadhafi's son complicit with the market?
Post by: 8v-of-fury on February 24, 2011, 07:45:27 pm
stop your whining.. we have been paying $4.15+/g where I am for the last 5 years  >:(

Wanna know what I pay for diesel right now.. $5.25/g
Title: Re: Gadhafi's son complicit with the market?
Post by: theman53 on February 24, 2011, 07:47:00 pm
the only way opec will freeze it is if they think it will come back down. That way they gaurantee higher prices a little longer.

We should raise the cost of food equally :D
Title: Re: Gadhafi's son complicit with the market?
Post by: mystery3 on February 24, 2011, 07:49:10 pm
Wanna know what I pay for diesel right now.. $5.25/g

A couple years ago I would have said yeah but that's Canadian dollars but I think you guys are up about 5% right now against the USD.  ???
Title: Re: Gadhafi's son complicit with the market?
Post by: mystery3 on February 24, 2011, 07:50:23 pm
the only way opec will freeze it is if they think it will come back down. That way they gaurantee higher prices a little longer.

We should raise the cost of food equally :D

Or we can convert the food into ethanol and burn it in our gas tanks instead, or SVO etc?
Title: Re: Gadhafi's son complicit with the market?
Post by: theman53 on February 24, 2011, 08:00:17 pm
the only way opec will freeze it is if they think it will come back down. That way they gaurantee higher prices a little longer.

We should raise the cost of food equally :D

Or we can convert the food into ethanol and burn it in our gas tanks instead, or SVO etc?
No, really I would rather see which one is more important. Us getting oil or others getting food. I say this with a smirk as I am only 1/2 joking. I am all for others to make a profit on something they have...just the same I am all for making a profit if I have something someone else wants. My problem is when it is a one way street.
Title: Re: Gadhafi's son complicit with the market?
Post by: 8v-of-fury on February 24, 2011, 08:04:44 pm
I think we are above the USD at closing today.. 1 CDN = .98 USD or something
Title: Re: Gadhafi's son complicit with the market?
Post by: Quantum TD on February 24, 2011, 08:15:40 pm
I resent your racist attitude but the oil market is a monopoly run by a few cartels which are in collusion with one another, so the theory of supply and demand does not apply in this case.


I didn't say ALL people in the middle east wear rags on their heads. But enough of them do to warrant a generalization. No?
Title: Re: Gadhafi's son complicit with the market?
Post by: Vincent Waldon on February 24, 2011, 08:22:30 pm
Hows about we 86 the racial profiling...thanks.
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on February 24, 2011, 08:58:39 pm
Just think of it this way, every time the price goes up at the pump, so do the values of our cars.  8)
Title: Re: Gadhafi's son complicit with the market?
Post by: Quantum TD on February 25, 2011, 08:36:19 am
Just think of it this way, every time the price goes up at the pump, so do the values of our cars.  8)

That's fine if you have a fleet you're sitting on. If you only have one and it craps out, and then you'd like to find another, you could be paying more than you'd like for one.
Title: Re: Gadhafi's son complicit with the market?
Post by: R.O.R-2.0 on February 25, 2011, 08:40:57 am
still paying $3.49 at my last fill up that i actually paid for.

last 20 gallons were free tho (its red)
Title: Re: Gadhafi's son complicit with the market?
Post by: 8v-of-fury on February 25, 2011, 08:47:45 am
Good 'ol number 1 eh kev? Lol

I have often had fears of getting dipped when I have a high amount of ATF in my tank.... :s
Title: Re: Gadhafi's son complicit with the market?
Post by: R.O.R-2.0 on February 25, 2011, 09:14:35 am
i used to run a gravity fed beer keg in my last rabbit..

it almost always had red fuel in it..

the cops used to always think i was hauling around alcohol, not illegal diesel.

COME ON FRIGGEN RETARDED COPS! there is a pipe cap on the keg where the friggen tap goes.. not gonna be hauling beer in that one any time soo. theres a return line in the top of the tank too. its completely obvious that it is not a beer keg anymore.. they just wanted to make sure it had no beer in it.. never once did they check to see what color the fuel was. they would just open the keg and sniff.

the fact that it was bolted in the spare tire well of my car and had fuel lines hooked up to it meant nothing to the retarded cops.

oh yea, free red diesel is AWESOME!

so yea, basically, im #1 right now... unless someone can get on-road diesel for free, then that would be one-upping me.. lol.
Title: Re: Gadhafi's son complicit with the market?
Post by: Baron VonZeppelin on February 25, 2011, 05:48:51 pm
We just had our first 'Sheetz' gas store open in our city.
They're doing 2.99 unleaded 87 octane.
Everyone else has shot it to $3.25

Fuel went up 10 cents yesterday alone.

Diesel is 3.65 gallon
A few months ago it was $3'ish per gallon.

2 people asked to buy my TD RabbiTruck yesterday.
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on February 25, 2011, 10:41:06 pm
RUG has been jumping 10 cents a day for the last 4 days..  Glad I filled some drums up when it was at $3...   Diesel has been going up much slower but is still around 3.80 a gallon...  WVO is still free for now..  IF it's like the last time this crap went on many places started charging for it.. 

Baron, does your Sheetz have diesel???   They remodeled a bunch of the stores up this way and added at least 2 diesel pumps to most of them..  The stuff has actually been pretty good too...
Title: Re: Gadhafi's son complicit with the market?
Post by: Baron VonZeppelin on February 26, 2011, 11:23:45 am
Yes they have diesel.
But since it wasn't discounted (3.65) - just kept on rolling.

I might give them a try next time i need fuel again.
Title: Re: Gadhafi's son complicit with the market?
Post by: RadoTD on February 26, 2011, 08:00:03 pm
In my area, diesel went from $1.20/L to the $1.29 I paid for it today.
So glad I'm driving my car again now instead of the poorly running GMC Safari I had insured while working on the Corrado :)
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on February 26, 2011, 08:20:54 pm
Price dropped a bit here today.. It settled to 3.71 a gallon..   

Baron, if you try Sheetz diesel, let me know how it works for you....  Their gas can be kinda hit and miss, but the diesel has been great on every tank..  First thing I noticed was easier cold starting  ???..

Previously I had been buying though Sunoco as they had a rewards program, buy stuff (COFFEE!) get money off per gallon.. But they stopped that on diesel fuel, just for gas now ..   >:(   I started going hitting one of the 2 truck stops which are owned by small localized chains..  Started buying at Sheetz since I like their coffee better and turns out the diesel seems better too...

I'd still rather be driving the Caprice on a daily basis, but it costs exactly twice as much as the VW to drive.. I've been refraining from it unless the weather is poor or if I'm going a log distance...  Need to get the Oldsmodiesel clattering...
Title: Re: Gadhafi's son complicit with the market?
Post by: Baron VonZeppelin on February 26, 2011, 09:21:58 pm
Baron, if you try Sheetz diesel, let me know how it works for you....  

Their gas can be kinda hit and miss, but the diesel has been great on every tank..  First thing I noticed was easier cold starting  ???..

I thought the 2.99 Sheetz deal would be over by now.
But they were still selling at that price at 10pm tonight.

And its still a heavy stream of cars there.

Going to make a run for it in my Jeep Gr.Chkee V8 in just a few minutes (it's after midnight now), and try to get a 6 month supply in it (half a tank- lol).

Probably be a few days before i need Dezil again.


Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on February 26, 2011, 09:26:20 pm

Going to make a run for it in my Jeep Gr.Chkee V8 in just a few minutes (it's after midnight now), and try to get a 6 month supply in it (half a tank- lol).


Tow it with the Caddy!!  Then you don't have to worry about burning all your new found wealth up on the trip...   ;D
Title: Re: Gadhafi's son complicit with the market?
Post by: dankcorey22 on February 26, 2011, 10:56:46 pm
paying 3.25/ gal. but what scares the hell outta me is we(world) surpassed peak oil a long time ago... we might just be walking our butts everywhere.
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on February 26, 2011, 11:13:24 pm
I know what you mean Corey..  And when it comes down to it, no matter how much we grumble about what we pay at the pump, pay for out electric and gas, we are still suckin up some pretty darned cheap energy..

Truth be told (and you're all gonna look at me like I'm a lepper) prices need to go higher..  Yeah I like leaving the lights on, keeping the shop at 75 degrees, and driving a land yacht at 100 mph..  

But....

Squigally light bulbs, hybrid cars, corn whiskey, and windmills are all great means of making "greenie" wanna bees feel good about themselves..  But, what we need is a true "dust to dust" solution.. Something renewable that does consume even more resources to harness.  A solution that I feel is only going to be brought about by nearly unaffordable energy, or worse yet, no longer available energy..

 Like many other things out there that need dealing with, this is something we need to stop expecting our governments to get under way.. It needs to be done by "we the people", the thinkers, the tinkerers, those who aren't afraid to try something off the wall and fail then try again..  Those that are not solely in it for the profit.. Do we have any of those left?
Title: Re: Gadhafi's son complicit with the market?
Post by: RadoTD on February 27, 2011, 09:39:22 pm
Truth be told (and you're all gonna look at me like I'm a lepper) prices need to go higher..  Yeah I like leaving the lights on, keeping the shop at 75 degrees, and driving a land yacht at 100 mph..  

But....

Squigally light bulbs, hybrid cars, corn whiskey, and windmills are all great means of making "greenie" wanna bees feel good about themselves..  But, what we need is a true "dust to dust" solution.. Something renewable that does consume even more resources to harness.  A solution that I feel is only going to be brought about by nearly unaffordable energy, or worse yet, no longer available energy..

 Like many other things out there that need dealing with, this is something we need to stop expecting our governments to get under way.. It needs to be done by "we the people", the thinkers, the tinkerers, those who aren't afraid to try something off the wall and fail then try again..  Those that are not solely in it for the profit.. Do we have any of those left?

I completely agree with you. As much as paying a lot for fuel sucks, it's good in the long run. The motivators I see for taking care of the planet are a small number of people who honestly care and do what they can, then a larger number who are going along with the fad to be cool, and then the one that trumps all; saving money. Money the only way to get the masses thinking about what they're burning/wasting.
My biggest fear is that we're going to find reliable and cost effective ways of getting energy from the moon/other planets and start to mess those up as well. There are "dust to dust" solutions out there. They aren't the cheapest though. Bio fuels is one of them, thermal depolymerization as well to turn many things, plastics in particular back to raw hydrocarbons. Hopefully hydro, solar and wind power for electricity will soon become more prominent. As long as the world's vegetation and resources haven't all been harvested or destroyed, I have hope.

As far as the thinkers and tinkerers go, the problem is that the majority of the world is pulling towards their own gain, particularly many of the more powerful people in the world.
I have an idea for a combustion engine that I honestly think could be very fuel efficient. I'm stuck on some calculations, but I think doubling efficiency is possible. I even have ideas of how I could build it, difficult but possible with the tools I have at hand. The big problems I'm running into are how much of a gamble of time and money it would be to build it, and even if it did work well, large companies would walk all over me and take it away. The cost of a patent lawyer that could give me any fighting chance would cripple me financially
For me to pursue it at all, I'd have to hold back so many things in my life, and the chances of me gaining much from it are very slim, so why should I? Right now, I don't have the time or money to go any further in putting it together. I'm not that nice of a guy  :P
Title: Re: Gadhafi's son complicit with the market?
Post by: Runt on February 27, 2011, 10:20:26 pm
As far as the thinkers and tinkerers go, the problem is that the majority of the world is pulling towards their own gain, particularly many of the more powerful people in the world.
I have an idea for a combustion engine that I honestly think could be very fuel efficient. I'm stuck on some calculations, but I think doubling efficiency is possible. I even have ideas of how I could build it, difficult but possible with the tools I have at hand. The big problems I'm running into are how much of a gamble of time and money it would be to build it, and even if it did work well, large companies would walk all over me and take it away. The cost of a patent lawyer that could give me any fighting chance would cripple me financially
For me to pursue it at all, I'd have to hold back so many things in my life, and the chances of me gaining much from it are very slim, so why should I? Right now, I don't have the time or money to go any further in putting it together. I'm not that nice of a guy  :P
When the population (or the corporations which may represent/govern/rule them) is convinced that the best efforts of  the 'Thinkers and Tinkerers' should be theirs to usurp freely, it is the obligation of the innovators to withhold any such contributions until such time as those contributions are appropriately valued and CREDITED to the innovator.
(I hereby shrug, and end my rant. ;)
Rado, do you know that a patent can be filed and had without a running prototype?  If you were to actually have something, you could file a patent, written (as all patents are) broadly and a little bit deceptively, without having to actually demonstrate the machine right now.  Then when you are ready, you can set about building what you have already patented.  And along the way, someone else might prove your concept for you and come looking for a licence, or just go into production, at which time (you hope) the patent liar will take the case on contingency.
Of course, this provides no protection in certain overseas nations with a reputation for stealing directly from patent filings and having zero legal support for intillectual property holders, but that would be the case regardless.
Anyways, we are way off topic, on an already OT topic....
Title: Re: Gadhafi's son complicit with the market?
Post by: RadoTD on February 27, 2011, 10:36:01 pm
I'm aware that I can file for a patent now, my point is that if it worked, any company with a large financial backing would have lawyers who would find a loophole in my patent or chance the design just enough to clear the legalities. Even for me to file for it myself, it'll cost a few thousand dollars that I don't have and would be just as far ahead in life investing it in a wishing well.

If anyone's interested, I'm thinking of just posting the idea up here and if it gets built by someone somewhere, then great! I would simply hope for a little credit :P Or maybe just a few more people could dream about putting it together

*Edit - I hope nobody's worried about this going off topic...
Title: Re: Gadhafi's son complicit with the market?
Post by: 1outof5 on February 28, 2011, 07:26:29 am
last time I looked, didn't need to fill up at the time, the gallon of diesel was at 7.3$us ... this is in France  >:(

there are cheaper places (about a dollar less) but that's the going rate. Always goes up when there is an oil crisis but never goes down ...
Title: Re: Gadhafi's son complicit with the market?
Post by: Baron VonZeppelin on March 03, 2011, 10:01:27 pm
Baron, if you try Sheetz diesel, let me know how it works for you....  Their gas can be kinda hit and miss, but the diesel has been great on every tank..  First thing I noticed was easier cold starting  ???..

Tried some of the diesel fuel from Sheetz yesterday in the Mk1 TDtruck. Thanks for tip Max.
Feels like i picked up about 5 horsepower.
They will be my new go to for fuel.
True Story !

Used my Sheetz 'My Card' and got 3 cents off per gallon.
If you get/use a Sheetz debit card, you get an additional 2 cents off per gallon.

Their gasoline pumps say "may contain up to 10% alcohol/ethanol.
Winter Blend.
Title: Re: Gadhafi's son complicit with the market?
Post by: Baron VonZeppelin on March 03, 2011, 10:06:54 pm
last time I looked, didn't need to fill up at the time, the gallon of diesel was at 7.3$us ... this is in France  >:(

Terrible !!
There would be a lot more bicycles and skateboards on the road if the price were that high here.
Title: Re: Gadhafi's son complicit with the market?
Post by: mystery3 on March 03, 2011, 10:39:44 pm
last time I looked, didn't need to fill up at the time, the gallon of diesel was at 7.3$us ... this is in France  >:(
There would be a lot more bicycles and skateboards on the road if the price were that high here.

We'd likely have a reasonable public transportation infrastructure as well.
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on March 04, 2011, 08:40:44 am
Thanks for the feedback Baron..  I wasn't sure if I was noticing the same thing or not..  I haven't noticed any major gains in economy, but it definitely seemed to run happier on the stuff..


Title: Re: Gadhafi's son complicit with the market?
Post by: macka on March 05, 2011, 05:15:16 am
The best part about Ghadaffis son right now he is under review to get his doctorate revoked. He plagerised his thesis. On that note Libya is in serious turmoil, but the crap part is, two of the biggest oil fields are in stable areas, and the futures traders are too dumb to realise this.
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on March 05, 2011, 05:51:38 am
two of the biggest oil fields are in stable areas, and the futures traders are too dumb to realise this.


SHHHH, the rest of us are supposed to be too dumb to know this too.....
Title: Re: Gadhafi's son complicit with the market?
Post by: Quantum TD on March 05, 2011, 09:37:00 am
The best part about Ghadaffis son right now he is under review to get his doctorate revoked. He plagerised his thesis. On that note Libya is in serious turmoil, but the crap part is, two of the biggest oil fields are in stable areas, and the futures traders are too dumb to realise this.

Exactly. This is how f*cking stupid people are. There should be NO commodities market whatsoever. I understand supply and demand controlling price, but not futures and fear.
Title: Re: Gadhafi's son complicit with the market?
Post by: macka on March 06, 2011, 04:56:39 pm
two of the biggest oil fields are in stable areas, and the futures traders are too dumb to realise this.



SHHHH, the rest of us are supposed to be too dumb to know this too.....


my bad I'll put the wool back over your eyes
Title: Re: Gadhafi's son complicit with the market?
Post by: RabbitJockey on March 06, 2011, 07:45:13 pm
we need cars that run on water and dreams
Title: Re: Gadhafi's son complicit with the market?
Post by: maxfax on March 06, 2011, 07:48:15 pm
we need cars that run on water and dreams

Or B.S..  Energy crisis solved indefinitely.. Of course the EPA would probably have some issue with it
Title: Re: Gadhafi's son complicit with the market?
Post by: Quantum TD on March 06, 2011, 10:01:41 pm
Just another Rag (head) to riches story for the Libyans. They've been welcomed into the club by the Saudis. Horacio Alger would be jealous that he didn't write it. Let's keep lining the coffers of people who hate us.

OR, build a grid of solar electricity and run on govt. funded, built, maintained and controlled solar power. Electric cars are useless without solar power. They just conveniently transfer the carbon emissions to the coal-burning plants. They're probably WORSE for the environment, economy, and national security than gassers. BUT, if they ran on solar power....

Mexico doesn't have Shell, Esso, Exxon, Mobil, Valero, etc. They have PeMex. A government-controlled petroleum provider. The state owns ALL rights to natural resources under the soil. The upshot is that fuel is almost always cheap in Mexico, and the prices are virtually the same, no matter where in the country you are. Meanwhile, our douchebag politicians squeeze the laws so that Halliburton and it's buddies can hydro-frack the *** out of our national parks looking for resources, make a profit, and leave a path of destruction to the national environment. *** T. Boone Pickens. The very LAST thing we need to pull away from foreign oil and gas is to destroy the very environment we depend on. The ONLY solution is solar power.

Think of 70% or better solar power in 10 years ( electric or diesel-hybrid power) and guess where we'd be in 10 years. The only thing we'd need oil for is production (plastics and the like). Once we pull out of the sand-creature countries, we could sit back and watch them kill each other (which is really what they want to do anyways).

Diesel is a start, but it's not the solution. No matter how painful it is to the pockets now, green energy is a NATIONAL SECURITY issue, more than it is an economic issue. Tell your representative that. I'm sure they're too stupid, or lobbied to think otherwise.

Let the hating begin by the PC police....

Title: Re: Gadhafi's son complicit with the market?
Post by: Vincent Waldon on March 06, 2011, 10:10:05 pm
Was NOT kidding about racial profiling being inappropriate... this thread is done.