Quote :

"New York Harbor Gasoline closed friday at $1.7387 a gallon. You are betting that on July 31, 2006 it will close at $2.7387 a gallon or higher. I would happily bet $100 against such as absurd statement. I would bet more, but I don't want to encourage you to skip out more than you probably already will."

You owe me $100 dollars.

9/1/2005 4:42:21 PM

pwnt

9/1/2005 4:43:21 PM

ouch

9/1/2005 4:44:32 PM

haha, link to original post?

9/1/2005 4:51:05 PM

Well, it hasn't closed on July 31, 2006 just yet, so he's got a few months to hope the price drops.
Maybe you could offer him an option -- settle now for $85.

9/1/2005 5:48:59 PM

If only you'd somehow managed to link what he owes you to the magnitude of his mistake...

9/1/2005 5:51:29 PM

In all honesty, Gas prices should probably level out and possibly decrease but if you followed this thread, Lonesnark was arguing against the probability that Gas prices would drastically rise anytime soon.

9/1/2005 6:24:31 PM

pwnt.

9/1/2005 6:32:43 PM

It's not the first time an economist is wrong, and it certainly won't be the last

9/1/2005 6:56:18 PM

oh, come on. don't give me this bullshit. LS's assertion was that barring any crazy ass events, gas would level off. I'm 100% certain he didn't include a fucking HURRICAINE destroying so much production and refining capacity in his estimation. you haven't won anything.

9/1/2005 7:33:48 PM

Uhhhhhh...

It's not two thousand six yet. Shouldn't you wait about a year before taking him up on this bet? (Gas just might be cheaper then.)

9/1/2005 7:36:01 PM

you didnt win yet

9/1/2005 7:41:54 PM

^^^ whose fault is that? crappy predictions, by definition, do not expect something they should have.

9/1/2005 8:44:15 PM

the point is that they were arguing over oil prices w/ respect to things OTHER than hurricaines. the point of the bet was "i'll bet factor x will be really shitty by 2006 and that gas prices will reflect it"

9/1/2005 9:01:09 PM

I've got 11 months, loser. Not to mention, and this is the real kicker: As of September 1st, one gallon of gasoline is selling for only $2.4090 on the New York Mercantile Exchange. I'm sorry, you are such an idiot you didn't even know what I was betting on enough to even check!

While it may be true that all predictions are lunacy, as far as predictions go this one is sound.

http://www.wtrg.com/

How did everyone read this and not notice? I'm not the only one with access to trading results!

[Edited on September 1, 2005 at 10:42 PM. Reason : kicker! ]

9/1/2005 10:13:48 PM

haha, what a loser, he called you out without seeing the date.

9/1/2005 10:20:59 PM

You guys obviously didn't read the thread.

[Edited on September 2, 2005 at 1:05 PM. Reason : No further discussion necessary. Local prices speak for themselves.]

9/2/2005 1:04:28 PM

SandSanta:

Quote :

"First off, I have no idea where New York Harbor Gasoline is. If its in New York, and its that cheap then kudos for them. However, I can bet you that a year from now gasoline will be nearly one dollar more expensive then it currently is here in NC. "

Fine, here is the link you refer to in your posts:
http://www.detnews.com/2005/autosinsider/0505/30/E01-196523.htm
It shows a price of $2.39 a gallon. Just down the street from my house, there is a Kangaroo station selling gasoline for $2.99 a gallon. Even here in North Carolina your bet is 40 cents shy of being fulfilled. However you slice it, you would still lose, if only it was July 31, 2006.

And here is the link to the thread:
http://www.thewolfweb.com/message_topic.aspx?topic=336556&page=2#7254406

9/2/2005 3:14:30 PM

Might not want to link to a thread where you tried to justify giving everyone a portable gas generator to deal with global warming.

9/2/2005 4:02:25 PM

Might not have want to bring up a bet that you have lost.

9/2/2005 5:54:08 PM

^ What a loser.

9/2/2005 6:14:44 PM

gas is 3.23 near crabtree

9/2/2005 6:24:44 PM

All it has to do is stay there for eleven more months, and then this thread would be relevant.

I don't know why SandSanta likes me so much. I admit, I may say things at times which are insufficiently considered, but it is he that demonstrates true ignorance on the subjects at hand (didn't even know commodity exchanges existed). I guess he only does it to get my attention. I guess it is my fault for caring what he says and being successfully bated.

[Edited on September 2, 2005 at 6:45 PM. Reason : ]

9/2/2005 6:44:36 PM

The reason I point out the stupidity of your ideas is because you present them in a matter-of-fact way, when they are completely wrong.

Knowing the name of a commodities exchange didn't do much to improve your understanding of economics did it?

9/3/2005 4:19:50 AM

And you know soo much about economics, Mr peak oil.

You honestly believe that no matter how high the price goes for how long, there can be no more oil. That is bullshit, and any economist will tell you that. Oil can be made out of anything, but you are just too stupid to realize that. Hence why we disagree. I believe supply can be increased by higher prices, you believe only demand can be decreased by higher prices, hence why you believe it will go to $100.

9/3/2005 10:12:48 AM

Quote :

"Oil can be made out of anything, but you are just too stupid to realize that."

Like what?

[Edited on September 3, 2005 at 11:05 PM. Reason : 1:]

9/3/2005 11:05:10 PM

coal, wood, shale, tar, bones, animal waste, animals, beans, soy, natural gas, dead people, and living people, to name just a few potential (but uncompetitive) sources for petroleum products.

http://www.matr.net/article-6837.html

You see, when you have don't know what you are talking about, the truth can sometimes sound rather strange. I am glad to see that you have learned that sometimes people will respect you more when you admit what you don't know and seek the information instead of grasping at straws, desperate not to seem stupid in front of others.

[Edited on September 4, 2005 at 12:11 AM. Reason : link]

9/4/2005 12:11:14 AM

Thats more expensive then pumping regular crude.


[Edited on September 4, 2005 at 1:44 AM. Reason : 2:]

9/4/2005 1:43:56 AM

Quote :

"In April 2003, the first commercial thermo-depolymerization plant opened in Carthage, MO. Every day, the plant handles 200 tons of unused turkey parts produced by ConAgra’s Butterball turkey plant. "

In April 2003, oil prices were far lower then they are today. Something tells me this process is still competitive.

I'm glad to see you've mellowed out
No longer a Peak Oiller?

9/4/2005 8:27:20 AM

Actually, I'm pretty positive we will reach peak oil soon if not already. It simply a matter of pumped oil being cheaper then any alternative at this juncture. However, I never attributed the increase in current prices to peak oil. I've always stated its because of a massive increase in demand from developing nations that was not present during any previous oil crisis.

I won't view the method you linked as a viable energy alternative to pumping oil until investment is made into setting up an infastructure to reduce the cost and increase the effeciency of that process.

9/4/2005 10:49:57 AM