Oil price hedging...
10-12-2008, 09:09 AM
#11
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
Possibly a VW TDI (Turbo Diesel) ...
But I prefer my F250, it can haul the garage for his VW
Supporting the economy mile by mile !
10-12-2008, 12:02 PM
#12
I'm a man of my word.
Joined APC: Jul 2008
Position: Devil's Advocate
Posts: 2,883
10-12-2008, 12:25 PM
#13
Gets Weekends Off
Joined APC: Jun 2007
Posts: 1,045
Also, Slow down there with your correlation between oil consumption and productivity. Take a look at the GDP per capita of the US, Japan, Germany, and The United Kingdom. Then look at each nation's demand for oil and tell me if your economic theory stands up. I tell you what, I'll save you the trouble. It doesn't.
The reason we only produces 5% of the worlds supply is because we are the only country in the world that places our largest known reserves off limits. It seems some aren't happy that I drive a pick up truck; so they will do what ever it takes to drive the price up to force the "green" choice.
The main reason the price has dropped to $80 per barrel is because US demand, the hardest hit, has reduced so much.
By the way, if I said the sky was blue, what would you say?
AL
Last edited by alvrb211; 10-12-2008 at 12:40 PM.
10-12-2008, 12:31 PM
#14
Gets Weekends Off
Joined APC: May 2006
Position: DC-8 756/767
Posts: 1,144
Actually it's because demand worldwide has decreased. The economies of China and India are tanking and hence their demand for oil. DRILL DRILL DRILL, and while we drill, look for alt. sources of energy.
10-12-2008, 12:42 PM
#15
Gets Weekends Off
Joined APC: Jun 2007
Posts: 1,045
10-12-2008, 12:46 PM
#16
Gets Weekends Off
Joined APC: Jun 2007
Posts: 1,045
Don't forget,
The GNI of India is less than 4 times the size of Walmart.
The GNI of China is less than 7 times the size of Walmart.
In fact, Walmart is larger than over 180 countries in the world.
Speaks volumes don't you think?
My point is, while I believe economies ARE self correcting, we can do a LOT to fix things.
BTW, I like what UPS are doing with their hybrid trucks.
AL
Last edited by alvrb211; 10-12-2008 at 01:14 PM.
10-12-2008, 01:50 PM
#17
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
I didn't SAY it was the sole contributor and, because it's not, the problem wouldn't go away for ever.
The problem isn't just Hummers, pickups, SUV's, Minivans, it's a high number of US made cars that are fuel inefficient. Like it or not, US cars are generally gas guzzlers.
Certainly not when it comes to Automobile production! The world's 3 most efficient automobile plants are all in Japan and all owned by Toyota. That's by a huge margin over GM and Ford by the way. Ever wonder why America's most popular car is the Toyota?
Also, Slow down there with your correlation between oil consumption and productivity. Take a look at the GDP per capita of the US, Japan, Germany, and The United Kingdom. Then look at each nation's demand for oil and tell me if your economic theory stands up. I tell you what, I'll save you the trouble. It doesn't.
No argument there. Russia is now the world's number one producer of oil.
The main reason the price has dropped to $80 per barrel is because US demand, the hardest hit, has reduced so much.
By the way, if I said the sky was blue, what would you say?
AL
The problem isn't just Hummers, pickups, SUV's, Minivans, it's a high number of US made cars that are fuel inefficient. Like it or not, US cars are generally gas guzzlers.
Certainly not when it comes to Automobile production! The world's 3 most efficient automobile plants are all in Japan and all owned by Toyota. That's by a huge margin over GM and Ford by the way. Ever wonder why America's most popular car is the Toyota?
Also, Slow down there with your correlation between oil consumption and productivity. Take a look at the GDP per capita of the US, Japan, Germany, and The United Kingdom. Then look at each nation's demand for oil and tell me if your economic theory stands up. I tell you what, I'll save you the trouble. It doesn't.
No argument there. Russia is now the world's number one producer of oil.
The main reason the price has dropped to $80 per barrel is because US demand, the hardest hit, has reduced so much.
By the way, if I said the sky was blue, what would you say?
AL
Toyotas are popular for quality as much as for fuel efficency. Ever wonder why their trucks are bigger now?
Demand for oil in Germany Japan and UK are different for a variety of reasons (If you add up all three countries do you get the same sq miles as Alaska?) But one of the main reasons is they didn't base their energy policy on movies like the china syndrome.
One of the main reasons for the drop in the price of oil is the relative strengthening of the US dollar.
The sky was blue this morning I assume it still is.
10-12-2008, 02:27 PM
#18
Gets Weekends Off
Joined APC: Jun 2007
Posts: 1,045
Toyota is THE world leader in automobile production PERIOD!
Toyota build cars to order. If large trucks are ordered, they will be built. Traditionally, US consumers didn't value fuel efficiency in their vehicles.
If US oil consumption was merely a function of its productivity. there surely must be other issues that limit the nation's production possibilities frontier when compared to other nations.
The US goverment has charged auto makers with the task of producing fuel efficient vehicles in the coming years. Given the millions of vehicles registered in the US, clearly this will have a huge impact on demand for oil. Sadly, this could have been done long ago
If you reduce demand for oil in the US, you will see a very significant reduction in world demand.
Evidently you don't see the point in this.
AL
Toyota build cars to order. If large trucks are ordered, they will be built. Traditionally, US consumers didn't value fuel efficiency in their vehicles.
If US oil consumption was merely a function of its productivity. there surely must be other issues that limit the nation's production possibilities frontier when compared to other nations.
The US goverment has charged auto makers with the task of producing fuel efficient vehicles in the coming years. Given the millions of vehicles registered in the US, clearly this will have a huge impact on demand for oil. Sadly, this could have been done long ago
If you reduce demand for oil in the US, you will see a very significant reduction in world demand.
Evidently you don't see the point in this.
AL
Last edited by alvrb211; 10-12-2008 at 02:32 PM.
10-12-2008, 03:24 PM
#20
Gets Weekends Off
Joined APC: Mar 2005
Position: 767 captain
Posts: 2,701
I asked our president that question and he said that we didn't because they were always able to pass aking the increased costs in the form of fuel surcharges. The problem in the last year or so has been that the fuel rose so quickly that they couldn't add surcharged quicky enough.
Thread
Thread Starter
Forum
Replies
Last Post
Lighteningspeed
Major
84
08-13-2008 09:20 PM
