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General Discussion => Science & Nature => Topic started by: sam on June 14, 2010, 04:08

Title: The Full Price of Oil
Post by: sam on June 14, 2010, 04:08
Quote
The  oil slick in the Gulf of Mexico continues to grow. The screw top placed on top of the broken well now captures more than 600,000 gallons a day and, yet, remains largely invisible behind a veil of oil that continues to spill, adding to the as much as 50 million gallons already in the ocean depths. 

http://www.scientificamerican.com/podcast/episode.cfm?id=the-full-price-of-oil-10-06-13
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 09:53
It will be interesting to see if it has any effect on America's use of fuel.
Title: Re: The Full Price of Oil
Post by: Simon on June 14, 2010, 11:35
Surely this will raise fuel costs astronomically the longer it carried on?
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 11:46
It must do, though as it only affects BP, I wonder how the cartel will cope.
Title: Re: The Full Price of Oil
Post by: Simon on June 14, 2010, 12:08
I'm sure they would all be happy to raise their prices in support of BP.  ::)
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 12:41
Exactly. Would anyone act against them, I wonder.
Title: Re: The Full Price of Oil
Post by: Simon on June 14, 2010, 13:20
Like?
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 13:22
OFT would be the natural body to deal with price fixing. Just can't see them taking on the oil giants.
Title: Re: The Full Price of Oil
Post by: Simon on June 14, 2010, 13:25
So, we don't really stand a chance.  :(
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 15:05
Do we ever?
Title: Re: The Full Price of Oil
Post by: Simon on June 14, 2010, 16:50
:sigh:
Title: Re: The Full Price of Oil
Post by: Clive on June 14, 2010, 18:37
The Americans will be very upset when the cost of their fuel doubles.  Obama will pay a high price with the electorate for his actions. 
Title: Re: The Full Price of Oil
Post by: Rik on June 14, 2010, 18:39
I think he was going to anyway, Clive, his dream came at the wrong time.