01-28-2013, 08:53 AM
quote:
Originally posted by Frank
slight correction...there are 42 gal. of oil in a bbl of crude, making the price go up a bit
Holy ****! That is imperial gallons. I was referring to American gallons.
As for the gas price in 2008, it was getting close to $5 per gallon, and was well over $5 on the west coast. It was like the final straw that broke the back of the economy. The demand plummeted, along with about $7 trillion of the US economy disappearing. If there are going to be some revisionists coming on here and claiming there was no recession, then I say FU.
BTW, Tesoro is almost twice the size of Chevron. The next question is where Pearl Harbor is getting their diesel, gas and kerosene. Carriers and subs are nuke but the entire rest of the fleet are huge oil burners, and not that concerned about mileage. It's funny how this news is being kept so low key, just like tourists being swept away with the undertow, when there must be huge scrambling going on with contracts and supply sources.
"It was a majority decision to descend into the Dark Ages. Don't worry, be happy, bang on da drum all day!"
*Japanese tourist on bus through Pahoa, "Is this still America?*