petrol prices


Massive Oil Deposit Could Increase US reserves by 10x

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

Interesting stuff. If that is true, will we see less involvement/interest from America in the middle east?

Out of all the countries to find oil, America were last on my preferred list. Think about it, they have the most uneconomical cars available given their state of technology and are doing bare minimum to cut emissions etc.
 
Interesting stuff. If that is true, will we see less involvement/interest from America in the middle east?

No not at all, it's a lot of oil, but would only supply the country for two years if you take current import ammounts and all imports are cut.
 
well since 29th of arpil the petrol in my area has gone up 2p and diesel 5p :( stupid mn 111.9 is getting out of hand :mad:
 
The situation as it is was one of the main reasons i changed my driving habits.

I used to drive 60 miles a day in my prelude. which meant using at least a 50-55 quid tank a week on commuting alone This meant that with weekend travel I was often spening in excess of 350 quid a month on petrol!

I now drive at the most 20 miles a day during the week when i drive to my parents house and cycle from there, and then drive home from there.

Trying to keep that below 100 quid a month now, aiming to cut out using the car at all during the week, but building up to do the 40 mile round cycle trip every day is hard. So doing mainly 20 miles a day and driving 20 until i get myself to the level where i can cycle 40 miles a day everyday :D

Petrol prices have a lot to answer for, although i am getting myself super fit as a consequence!!
 
I travel 14 miles to work and back again 5 days a week at 28.5mpg plus work pays petrol for me to travel to further locations such as Isle of Wight, Newcastle, London etc (random). I go to the gym 3 times a week afterwork, so the only day I can cycle is a Tuesday.... so I save 4 days of petrol a month....
 
The situation as it is was one of the main reasons i changed my driving habits.

I used to drive 60 miles a day in my prelude. which meant using at least a 50-55 quid tank a week on commuting alone This meant that with weekend travel I was often spening in excess of 350 quid a month on petrol!

I now drive at the most 20 miles a day during the week when i drive to my parents house and cycle from there, and then drive home from there.

Trying to keep that below 100 quid a month now, aiming to cut out using the car at all during the week, but building up to do the 40 mile round cycle trip every day is hard. So doing mainly 20 miles a day and driving 20 until i get myself to the level where i can cycle 40 miles a day everyday :D

Petrol prices have a lot to answer for, although i am getting myself super fit as a consequence!!

£350 a month on petrol is nasty to say the least.

How long does it take you to cycle the 20 miles at the moment?
 
[TW]Fox;11646787 said:
Thought you had a Golf 1.6?

I do. :p I take B roads "progressively"... plus in a 1.6 you are pretty much always peddle to floor otherwise the mopeds overtake.

Motorway I get 33-38mpg. Day to day I get 27-30mpg. :(
 
28mpg is V6 territory. Thats really is abysmal in a 1.6! I get on average 32-35mpg in my 1.8T no matter how I drive it
 
I wonder what the wider ranging social impact of fuel rising is. Is it going to force more of the middle class to start taking public transport, car sharing etc. This in turn might cause standards on public transport to increase, force people to be more sociable etc.

In the long run I think it will be a good thing for society as mankind only ever makes real progress once the **** has hit the fan!
 
[TW]Fox;11646324 said:
But gold was traditionally a base on which most currencies were built, was it not?

Sure, but not since the replacement of the gold standard with a system of fiat currency before WWII. The collapse of the Bretton Woods system in 1971 ended all formal relationship between gold and money when the US dollar became non-exchangeable for gold. Arguably the global economy has been heading for collapse ever since.
 
I do. :p I take B roads "progressively"... plus in a 1.6 you are pretty much always peddle to floor otherwise the mopeds overtake.

Motorway I get 33-38mpg. Day to day I get 27-30mpg. :(

I have been working in Milton keynes for the last 2 weeks, which involves a daily commute of 124 miles all cross country and through 2 town centres. Every single day my computer has shown around 25-25.5MPG average in my 2 tonne automatic 4.3L V8.

27-30mpg in a little 1.6 is ridiculous.
 
My 2.2 prelude gets 30mpg from a tank, and i have been known to hit the fuel killer that is Vtec on more than a few occaisions during each tank!

£350 a month on petrol is nasty to say the least.

How long does it take you to cycle the 20 miles at the moment?

I managed it in 1hr 15mins the first time i did it. Not improved on it yet.
 
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