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Old 04-23-2008, 01:54 PM   #51
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Originally Posted by GatorB View Post
Well I'm not making up anything. There are maybe at most 10.4 billion barrels of oil there. We currently use 24 million a day. Do the math. 24 million divided by 10.4 billion = 433 days worth of oil. Of course you can't get all the oil out at once and if you spread it out over 25 years that area would supply about 4% of our oil needs daily if our needs didn't increase over the next 25 year which they would. Everyone drivng a car that got 32 MPG would save more barrels of oil that that.

Plus - we are not even talking about the natural gas that will be resourced there at the same time.
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Old 04-23-2008, 01:55 PM   #52
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the purpose of the production is not to be the sole source of oil - but to further increase domestic production and create a larger buffer against OPEC and other not-so-friendly oil producers. The more sources - the more stable the price.
Appearantly you don't fucking read. I nevr said it would be sole source you " I don't read an entire post" fucktard. At most it would be about 4% of our needs. Big whoop. Now go back to grade school and learn to READ. man it pisses me off when someone post crap about one of my post and doesn't even bother to READ the god damn post they are responding too.
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Old 04-23-2008, 02:01 PM   #53
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I keep hearing from "scientists" that we aren't running out of oil. Just cheap drillable oil. There apparently is a shit load of shale oil under the sea that is just not cost effective to drill for at this point

I want the compressed air car I just saw on CNN last night. Bad ass car at next to nothing to operate
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Old 04-23-2008, 02:02 PM   #54
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Too good to be true

"Thursday, April 10, 2008
The USGS has estimated mean recoverable reserves of 3.65 billion bbls, and the estimate does not cover the Canadian portion of the Bakken. "

So much for 200 billion. About 5 months worth of oil.


If you read the reports.. the 3.65 billion bbl # is what is suggested is what is RECOVERABLE with current technolgy. The total oil is still estimated as high as 200bl brl.
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Old 04-23-2008, 02:02 PM   #55
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hell ya gas is get way the fuck up ther its some bullshit "(
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Old 04-23-2008, 02:04 PM   #56
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Appearantly you don't fucking read. I nevr said it would be sole source you " I don't read an entire post" fucktard. At most it would be about 4% of our needs. Big whoop. Now go back to grade school and learn to READ. man it pisses me off when someone post crap about one of my post and doesn't even bother to READ the god damn post they are responding too.

lol.. easy turbo. light one up and tilt your chair back. time to take a break.
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Old 04-23-2008, 02:07 PM   #57
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I'm thinking about buying a Honda CBR125. It sort of looks like a sport bike, but has one cylinder, and gets like 100mpg

It's only like 3 grand too.
Can it go on the highway? Sheeeit. 125?@!~%

If it works good on the highway, that shit sounds amazing right about now.
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Old 04-23-2008, 02:13 PM   #58
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There is also - 1.5 trillion barrels of Oil in the shale in Colorado. Shale oil production, is not cost effective if Oil prices are less than $100 a bbl. So now that oil is $120 - we shall see what new production begins in that region.

However, that does not mean vastly cheaper oil prices. Because the cost to extract the shale oil is so much higher. But it does mean, that if the OPEC sources and Chavez want to keep pushing up the prices - we really can tell them to piss off - and keep the money here in the US!
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Old 04-23-2008, 02:14 PM   #59
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lol.. easy turbo. light one up and tilt your chair back. time to take a break.
Well played, fine sir!
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Old 04-23-2008, 02:17 PM   #60
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There is also - 1.5 trillion barrels of Oil in the shale in Colorado. Shale oil production, is not cost effective if Oil prices are less than $100 a bbl. So now that oil is $120 - we shall see what new production begins in that region.

However, that does not mean vastly cheaper oil prices. Because the cost to extract the shale oil is so much higher. But it does mean, that if the OPEC sources and Chavez want to keep pushing up the prices - we really can tell them to piss off - and keep the money here in the US!
Does anyone here know enough about the stock market and oil companies to know which companies are going to benefit in 5+ years time with their shale oil land ownership?

I don't see gas prices stabilizing, I don't think anyone does.. Could be a great time to get into whatever the next oil thing that becomes profitable is.

Oil sands in Alberta weren't profitable, it was too expensive, yadda yadda.. Now it's like the wild west out there, industry is booming.
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Old 04-23-2008, 02:20 PM   #61
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Does anyone here know enough about the stock market and oil companies to know which companies are going to benefit in 5+ years time with their shale oil land ownership?

I don't see gas prices stabilizing, I don't think anyone does.. Could be a great time to get into whatever the next oil thing that becomes profitable is.

Oil sands in Alberta weren't profitable, it was too expensive, yadda yadda.. Now it's like the wild west out there, industry is booming.


Oil Sands price profitability point was $50. That reserve is upwards of like 2 trillion bbl.
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Old 04-23-2008, 03:10 PM   #62
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We are getting scammed out of about 60-70 cents per gallon in average, here in the US. I was in Europe/Frankfurt and saw about $ 7.50/US Gal. (=Euro 1.29/liter) for regular at the pump (diesel is cheaper there, here they tell us it's expensive because of world-wide demand, yada yada). A sticker at the gas station said gas in Europe contains 75% taxes including the 19% sales tax. This means, the gallon regular without tax costs about $ 2.50 there, am I right.

Now, in the US I pay about $ 3.50/Gal., but it contains only 15% taxes, which is $ 0.35, right? This leaves about $ 3.15. cost for our shitty regular and means that the gas at the pump in the US is about $ $ 0.65 higher than in Europe. If you live in CA the scam is even more significant, there you pay about a buck more.

Considered the A Class Mercedes diesel rental got about 58 mpg at highway speeds of 100 mph, and considered that driving distances in tiny Europe are often short, I came to the conclusion that Americans are getting fucked royally by somebody.

I am not sure where this $ 0.60- 1 buck goes, I just hope it's not the "tree huggers" again, filling their dirty pockets with our money.
Tax in the UK on petrol ( gas ) is very high, over 50% and the cost is around $10.00 per gallon, but our gallons are slightly bigger that the US gallon so say around $9.00 a gallon equivalent . But remember salaries are way higher in the UK than the US
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Old 04-23-2008, 04:30 PM   #63
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Sounds to me like everyone is fucked! If I was a gas company, I'd take advantage.
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Old 04-23-2008, 04:44 PM   #64
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Sounds to me like everyone is fucked!
Not everyone, my friend, not everyone...

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Old 04-23-2008, 04:47 PM   #65
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ya, $4/gallon sucks. I blame Bush.
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Old 04-23-2008, 04:47 PM   #66
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Not everyone, my friend, not everyone...

The only thing that is fucked in this thread is your dumb ass imageshack hosted photo that nobody can see.
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Old 04-23-2008, 04:49 PM   #67
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If you read the reports.. the 3.65 billion bbl # is what is suggested is what is RECOVERABLE with current technolgy. The total oil is still estimated as high as 200bl brl.
yeah RECOVERABLE is kind of the keyword though isn't it?

That's like saying I have 3 billion vaginas to choose from to fuck because that's the number of females on the planet when in reality the actual amount of vaginas out there for me to fuck is quite a bit smaller.
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Old 04-23-2008, 04:49 PM   #68
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Around 1980 my parents purchased a Rabbit because diesel was so much cheaper than gasoline, and somehow my dad could eek out 50 MPG.

Now it seems like diesel is $.30 - .50 more expensive than gasoline.

Anyone know why that is?
the price jump is due to the cleaner diesel being forced upon us... the old dirty diesel sure is being missed I'd love to have cheap diesel but I'm thinking about just picking up an old diesel truck and a newer diesel car and making the stuff in my garage using grease and some chemicals you can get under $1/gallon with some work and a little cash up front for equipment.
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Old 04-23-2008, 04:50 PM   #69
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The only thing that is fucked in this thread is your dumb ass imageshack hosted photo that nobody can see.
Is that you in your banner? Sweeet!
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Old 04-23-2008, 04:53 PM   #70
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I keep hearing from "scientists" that we aren't running out of oil. Just cheap drillable oil. There apparently is a shit load of shale oil under the sea that is just not cost effective to drill for at this point

I want the compressed air car I just saw on CNN last night. Bad ass car at next to nothing to operate
If the government had stopped funding solar 25 years ago we'd have solar power cars by now. Not only is it FREE and doesn't emit pollution we have 4.5 billion YEARS worth of it left.
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Old 04-23-2008, 04:53 PM   #71
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From what I read the problem is the dollar is weak,thats whats driving up oil prices. Not use.
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Old 04-23-2008, 04:56 PM   #72
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If the government had stopped funding solar 25 years ago we'd have solar power cars by now. Not only is it FREE and doesn't emit pollution we have 4.5 billion YEARS worth of it left.
You are so right but the oil lobbys wont let that happen. To me what Bush should of said after 911. We are pulling totally out of the middle east and all the resources and power of the federal government will be focused on getting us off oil by 2006. We are funding terrorists thru our consumption this has to stop immediately.
It would of created a economy like never seen before.
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Old 04-23-2008, 05:00 PM   #73
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You are so right but the oil lobbys wont let that happen. To me what Bush should of said after 911. We are pulling totally out of the middle east and all the resources and power of the federal government will be focused on getting us off oil by 2006. We are funding terrorists thru our consumption this has to stop immediately.
It would of created a economy like never seen before.
Why would he do that? In 9 months he and Cheney are instant BILLIONAIRES from all that oil money.
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Old 04-23-2008, 07:56 PM   #74
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As for oil running out... thats now debateable. Over the last few years, a number of new theories have surfaced that suggest some oil fields are growing. If thats true, then oil may not be solely - fossil fuel.
R-E-T-A-R-D-E-D.

Even *if* abiogenic oil is partially true... it's not significant enough to even partially help us. It's sure as fuck not replenishing itself at the rate of 80 million barrels a day. I don't see how you can talk about the decline rates of Anwar in one post - the factual observable phenomenon that occurs to every well ever drilled - and then have the balls to talk about abiogenic oil which only a few whackjobs and some russians give the time of day.
As if drilling it all and waiting 1000 years for the fields to replenish themselves is even applicable to the argument if it were even true. Oil running out is NOT debateable. There is a reason the US is only pumping half of what it did in 1970. This is a fact.
Otherwise Anwar wouldn't be 10B recoverable it would be infinite recoverable.. and every oil company on the planet would be valued at infinite dollars.
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Old 04-23-2008, 10:13 PM   #75
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NYC gas prices make me want to cry.. especially if your car takes premium only
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Old 04-23-2008, 11:01 PM   #76
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When the dollar started to drop I predicted Americans would be hit with higher import prices. The raise in the cost of oil is partly due to the drop in value of the dollar, those sheiks have bills to pay LOL. So welcome to the world of consequences.
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Old 04-23-2008, 11:12 PM   #77
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Yeah the price of gas is about $3.61 in NY now, Damn greedy oil companies !!! How much profit do they need!
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Old 04-23-2008, 11:16 PM   #78
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I pay UK £1.07 per liter here.
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Old 04-24-2008, 01:03 AM   #79
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you american people lol

i cant believe you honestly think $1/liter is a lot we're already at $2.5/liter
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Old 04-24-2008, 01:24 AM   #80
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Old 04-24-2008, 01:27 AM   #81
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Life is hard to go on.... nowadays...
When the price of gas increase, transportation cost will increase; so price of raw material will increase, finally price of finished goods increase too.
Do know when my boss will increase my salary like the price of gas....
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Old 04-24-2008, 01:33 AM   #82
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NYC gas prices make me want to cry.. especially if your car takes premium only
What car takes premium only?
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Old 04-24-2008, 01:52 AM   #83
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Boo fucking hoo !

Check out the ass hat prices we have to pay in the UK ! We'd fucking give our right testicles to get fuel as cheap as you do !

http://www.theaa.com/motoring_advice/fuel/
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Old 04-24-2008, 01:52 AM   #84
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What car takes premium only?
Any high compression or forced induction car requires premium. All Porsches, Subaru WRX's, Dodge SRT's, Corvettes, etc. I have a car that takes only 116-118 octane @ $12/gallon. And I gotta buy it in 55 gallon drums at a time. :-/
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Old 04-24-2008, 02:05 AM   #85
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America will be fine. There's 2 solutions.



or

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Old 04-24-2008, 02:09 AM   #86
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Old 04-24-2008, 02:13 AM   #87
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Any high compression or forced induction car requires premium. All Porsches, Subaru WRX's, Dodge SRT's, Corvettes, etc. I have a car that takes only 116-118 octane @ $12/gallon. And I gotta buy it in 55 gallon drums at a time. :-/
Maybe I should have worded the question, what car do you own that takes premium only?

I would be quite surprised if he owned any of the cars you listed.
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Old 04-24-2008, 02:20 AM   #88
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You guys have no idea how good you have it, try living in the UK for 1 year and you'll go back to the USA very happy. Simple things like a pack of chicken (enough for two people meal) has went up by $1 in the last 3 weeks. Milk and Bread is up over 25%. As for Gas prices here, well lets just say if you fill up your truck for $100 thats pretty damn good. I drive a bmw Z4 2 litre engine and it costs me that to fill it up. You can hardly complain at paying that for a gas guzzling truck!
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Old 04-24-2008, 02:28 AM   #89
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you american people lol

i cant believe you honestly think $1/liter is a lot we're already at $2.5/liter
Exactly...


Anyway... here's the short version: the value of the dollar is the lowest it has been in many many many many years and in order for the oil companies to keep making a shitloads of money they just raise the prices. But it doesn't stop there. Each time there has been an accident related to the oil companies they use that as an excuse to raise the price again. They are sucking us dry at the moment.

We found a great solution. We drive less.

I'm looking at a new boat with two 220 horsepower engines in it at the moment. It will be expensive to go on vacation in that big fellow... so I'm not buying it anyway.
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Old 04-24-2008, 02:36 AM   #90
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Many Americans can not really drive less often. Serious urban sprawl, lack of any decent public transportation, and well many people drive 60 to 120 miles to work. That does not even take into account food transportation and such. Getting something from West Coast to East Coast is not exactly cheap on the gas, specially when refrigerated trucks are involved, and then the damn food itself is wrapped in oil byproducts.
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Old 04-24-2008, 02:52 AM   #91
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TRUE PRODUCTION WOULD RUN 25 YEARS

First, environmentalists took the lowest possible estimate of the ANWR's potential recoverable oil reserves -- about 5.7 billion barrels--and cut it by roughly 40 percent to around 3.4 billion barrels. Then they assumed that the oil would be produced at roughly 19 million barrels per day (b/d).

But the most likely estimate places the ANWR's recoverable reserves at an estimated 10.3 billion barrels -- more than three times the amount these environmentalists claim.

Moreover, any geologist would tell you that the notion of producing oil from the North Slope at a rate of 19 million b/d is sheer nonsense for at least two reasons.

First, when an oil field is brought into production, it takes time to reach its optimum output. After it does, it begins to decline as the resource is exhausted.

In the case of the ANWR, it is expected that production would build to 2 million b/d and then decline. In practice, this means the ANWR would produce for at least 25 years -- not six months.


...... read full story
This article is from News World Communications, Inc

You know they make Foxnews sound like dangerous tree hugging lefties?

News World Communications, Inc. is a media corporation described by the Colombia Journalism Review as "the media arm of Sun Myung Moon's Unification Church." It is widely believed that Moon has funded it at a loss to provide a political voice for the neoconservative wing of the Republican Party and the Church.
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Old 04-24-2008, 03:00 AM   #92
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Originally Posted by skrinkladoo View Post
anyone remember what the price of gas was from say - '94~'00?
In South Jersey it was under a buck a gallon during much of that time.
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Old 04-24-2008, 03:08 AM   #93
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BTW how was it that big oil exec's came up with peak oil hitting at roughly april of 08?
Guess it was a long range conspiracy set years ago, just like same prediction for peak US oil in the 70's.
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Old 04-24-2008, 03:30 AM   #94
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Many Americans can not really drive less often. Serious urban sprawl, lack of any decent public transportation, and well many people drive 60 to 120 miles to work. That does not even take into account food transportation and such. Getting something from West Coast to East Coast is not exactly cheap on the gas, specially when refrigerated trucks are involved, and then the damn food itself is wrapped in oil byproducts.
They don't need to drive around in those gas guzzling trucks they call people carriers. Driving on the 5 or 10 up to LA from OC and you soon see where the problem is. As for all those open back trucks and four wheel drives that look like they have never seen a field, well.

Half your fuel bill, drive a more economical car.
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Old 04-24-2008, 03:49 AM   #95
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How long until the US becaomes like China or Korea or some shit and there are a billion people riding bicycles everywhere? Almost $100 to fill up my truck when I still had gas in the tank.

I need a moped.
I American's rode bicycles, there wouldn't be so many unhealthy overweight ones.
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Old 04-24-2008, 04:13 AM   #96
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Last weekend I filled up My BMW x5 which has quite a big tank. Cost me £92 (approx $185)

Now that hurts!
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Old 04-24-2008, 06:02 AM   #97
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They don't need to drive around in those gas guzzling trucks they call people carriers. Driving on the 5 or 10 up to LA from OC and you soon see where the problem is. As for all those open back trucks and four wheel drives that look like they have never seen a field, well.

Half your fuel bill, drive a more economical car.
exactly
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Old 04-24-2008, 06:09 AM   #98
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Last weekend I filled up My BMW x5 which has quite a big tank. Cost me £92 (approx $185)

Now that hurts!
Flippin pocket change to a man like you. LOL
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Old 04-24-2008, 06:12 AM   #99
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Why webmasters complain about gas prices I will never know...

I havent driven in days LOL my vehicle gets very little use compared to my family who fill up twice a week, a tank of gas last me all month, maybe more

Glad I got out of LA though, sitting in traffic takes up more gas than I use down here running to the bank, grocery, and ATm if I need cash...
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Old 04-24-2008, 06:16 AM   #100
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Why webmasters complain about gas prices I will never know...
Probably trying to make us think they don't work in the living room.
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