[lit-ideas] Re: global luke-warming
- From: "Andy Amago" <aamago@xxxxxxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Sat, 15 Apr 2006 19:01:55 -0400
Oil is almost $70 a barrel.
http://www.msnbc.msn.com/id/5612507/
> [Original Message]
> From: Teemu Pyyluoma <teme17@xxxxxxxxx>
> To: <lit-ideas@xxxxxxxxxxxxx>
> Date: 4/15/2006 6:40:48 PM
> Subject: [lit-ideas] Re: global luke-warming
>
> Barrell of oil is 42 gallons, I think. (Why oh why do
> we have to deal with such units more than two
> centuries after the advent of the metric system?) So
> $60/bbl is $1,43 a gallon. But they do make a lot of
> stuff out of a barrel of oil and I don't know if
> petrol is relatively more or less valuable...
>
> I recall it being reported that relatively high US
> petrol prices had something to do with lack of
> refinery capacity. Also, the refineries have
> considerable stock and futures for steady oil prices,
> and so and so on.
>
> As to why you were paying $2 a gallon back in eighties
> I don't know, but you must have made some gas station
> owner very happy.
>
> Cheers,
> Teemu
> Helsinki, Finland
>
>
> --- David Ritchie <ritchierd@xxxxxxxxxxxxx> wrote:
>
> >
> > On Apr 14, 2006, at 3:39 AM, Teemu Pyyluoma wrote:
> >
> > > For
> > > example most EU nations have considerable taxes on
> > > petrol, originally for trade balance reasons but
> > > nowadays for environmental ones. Americans don't.
> > And
> > > this is really all you need to know to explain why
> > > average car in Europe has much better MPG than the
> > > average car in USA. Or what has had more effect on
> > air
> > > quality, few people biking or improving standards
> > on
> > > fuel and exhausts?
> > >
> >
> > Here's the number that puzzles my slow mind: cost of
> > a barrel of oil
> > from 1986 to 1999...within a range of $15 to $30.
> > Cost of a barrel of
> > oil between 1999 and the present...rising to $60.
> > And what has
> > happened to the cost of a gallon of gas?
> >
> > Well according to this website, if you allow for
> > inflation, the price
> > of gas in real dollars was about half in
> > 1986...which is in line with
> > the change in cost of a barrel of oil.
> >
> >
> http://www.energy.ca.gov/gasoline/statistics/gasoline_cpi_adjusted.html
> >
> > But I lived in California in 1985 and I remember
> > paying a couple of
> > dollars per gallon. Inflation should make money
> > worth less. So if I'm
> > paying two dollars and some per gallon now and I was
> > paying two dollars
> > and some per gallon then...there's something weird
> > about the
> > calculation.
> >
> > Why haven't our gas (petrol) prices doubled?
> > Because the cost of oil
> > is a small percentage of the cost of the final
> > product and refiners are
> > taking a smaller mark-up? Because there has been an
> > adjustment in
> > taxes? Because re-sellers are taking a smaller
> > mark-up?
> >
> > David Ritchie,
> > Portland, Oregon
> >
> >
> ------------------------------------------------------------------
> > To change your Lit-Ideas settings (subscribe/unsub,
> > vacation on/off,
> > digest on/off), visit
> > www.andreas.com/faq-lit-ideas.html
> >
>
>
> __________________________________________________
> Do You Yahoo!?
> Tired of spam? Yahoo! Mail has the best spam protection around
> http://mail.yahoo.com
> ------------------------------------------------------------------
> To change your Lit-Ideas settings (subscribe/unsub, vacation on/off,
> digest on/off), visit www.andreas.com/faq-lit-ideas.html
------------------------------------------------------------------
To change your Lit-Ideas settings (subscribe/unsub, vacation on/off,
digest on/off), visit www.andreas.com/faq-lit-ideas.html
Other related posts:
