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Blame Classicman and merc.
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gas is up to 2.89 - was 2.67 pre-spill. sheesh.
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I think that was more due to the seasonal increase.
I don't believe the rate hikes from this spill have started yet. |
Why would this spill cause rate hikes? Maybe down the road if it results in greater safety regulations that cost more. But the oil lost is relatively small compared to the entire oil supply out there. It's huge in terms of an oil spill, but it's a drop in the bucket compared to what we use.
BP is going to lose a lot of money, and they may raise prices a little, but if they raise them too much, people will just shop elsewhere. |
Everything that happens in the free world, and the not-so-free world, is an excuse for rising gas prices. Oil as god has its shiny hand in everything!
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Stormieweather seems to have cofferdams in mind. Exerpt:
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raise hikes? I imagine corporate suites dropping hankies on the floor with price increments of,2, 5,10 and 20 cent markups or downs written on them. Someone yells go and the first hankie picked up is the new price increase or decrease for the day. yay!
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Who's responsible for this disaster? The Wall Street Journal says, it looks like Haliburton.:eyebrow:
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oopsie aside- Part of the natural gas cluster foxtrot in Dimock, PA was related to improper cementing. |
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"Gasoline prices are rising nationwide as the summer driving season nears, and oil futures appear poised for a breakout on encouraging economic news and fears about the seriousness of the Gulf of Mexico oil spill.
Over the last week, pump prices saw their biggest jump in more than a month, according to the Energy Department's weekly survey of U.S. filling stations. Nationwide, the average price of a gallon of regular gasoline rose 4.9 cents to $2.898. In California it rose 3 cents to $3.118." |
Haliburton? This does not inspire confidence.
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Reminds me of the bad days at home of Amoco Cadiz, Erika, Torrey Canyon that went to shore with full shipments of oil...
At the end of 1999, I went to help collecting oil from the Erika on the differents beaches at home... Can you spell Sisyphus ? |
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