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-   -   Oil price is crashing! (https://www.revscene.net/forums/700177-oil-price-crashing.html)

yray 02-03-2015 11:18 AM

Quote:

Originally Posted by noclue (Post 8590882)
Nobody likes driving a car when you're stuck in traffic. Doesn't matter if it's a civic or a rolls royce.

I do... it drives itself :troll:

westopher 02-03-2015 11:38 AM

Quote:

Originally Posted by nma (Post 8590881)
why is that? your work hours are set.. the way you use your hours outside of that time period are up to you.. Unless you're a business owner and are trying to rack up as many hours as possible, then every minute would be worth an x amount of dollar value

One who looks at a work day as I do which I think is fairly rational, is the time you waste getting to and from work should be added into what your net pay formula is for a day of work, being that is work related time consumption that you are not paid for. Say someone who gets paid $20 and hour, and works 8 hours makes $160.
If it takes you 2 hours worth of commuting to get to and from work, it now took you 10 hours to make that $160 which effectively drops your earnings to being the equivalent of $16.00 an hour for time effectively consumed by your work day. You can agree or disagree, as its not science. But anyone who understands the value of time, and the value of money, understands that time=money. Thats the reason the saying exists.
If I'm not getting paid appropriately for my time, I plan on enjoying it instead of wasting it to save 25% of what I could be making at work in the same amount of time. If I'm not enjoying myself, or accomplishing something I need to, why wouldn't I just be working?

jasonturbo 02-03-2015 11:40 AM

Price of oil is really just a matter of supply and demand.

The price recovery will coincide with a reduction in output mainly from domestic producers. How long will the price stay depressed? As long as it takes for us to stop producing 3% more oil than we consume.

Anything beyond that, is purely speculation. (ie: Saudi Arabia decides to cut production by xx%)

Non of that shit matters to me anyway, there are far more important things in life. For instace, I heard the new Iphone will have facial recognition and beauty detection features that will work together to "auto-selfie" when you're looking your absolute fucking best. Technology is amazing!!!!

Spoiler!

jasonturbo 02-03-2015 11:42 AM

Quote:

Originally Posted by westopher (Post 8590905)
One who looks at a work day as I do which I think is fairly rational, is the time you waste getting to and from work should be added into what your net pay formula is for a day of work, being that is work related time consumption that you are not paid for.

Anyone who doesn't think like that is a dullard. Completely agree.

nma 02-03-2015 11:44 AM

Quote:

Originally Posted by westopher (Post 8590905)
One who looks at a work day as I do which I think is fairly rational, is the time you waste getting to and from work should be added into what your net pay formula is for a day of work, being that is work related time consumption that you are not paid for. Someone who gets paid $20 and hour, and works 8 hours makes $160.
If it takes you 2 hours worth of commuting to get to and from work, it now took you 10 hours to make that $160 which effectively drops your earnings to being the equivalent of $16.00 an hour for time effectively consumed by your work day. You can agree or disagree, as its not science. But anyone who understands the value of time, and the value of money, understands that time=money. Thats the reason the saying exists.

that makes sense. It probably applies to you more than others though. People are usually inefficient with their time. I look at it similarly, but in an opportunistic perspective. As in, what is the opportunity cost of me taking 30 mins more to drive as opposed to spending x amount to save time in that situation

inv4zn 02-03-2015 12:30 PM

Just using my Port Mann/Patullo example, the amount of extra gas (not even gonna bother with wear/tear due to extra mileage) spent makes this a no-brainer.

Too bad I can't tell him that.

And Westopher has it bang on. Unless you're raking in cash hourly that the drop in $/hour is negligible for extra time spent to and from work, it really doesn't make a whole lot of sense.

AzNightmare 02-03-2015 07:35 PM

When I bus to work, I use my phone to catch up on RS. So in a way, I'm not really losing that much time. Sometimes I plan ahead and not read RS threads until I'm on my commute.

westopher 02-03-2015 10:47 PM

There you go though, thats still enjoyable usage of your time so therefore can be considered productive enough to not include in the formula.

twitchyzero 02-03-2015 11:05 PM

that's nice and all, but the majority can't work whenever they want at the drop of the hat.

some like to occupy their free time with dealhunting, and there's nothing wrong with trying to minimizing your spendings. Pick up some parcels, get some groceries, bring jerrycans etc. Take half a day to do this on a every few weeks and it's worth it imo.

but if you're still keen on being productive on sundays, bring a tablet with you while you wait in the border/gas line? No internet data doe unless you get cheap US pay-as-u-go.

I've worked long 6 days a week before so I understand how precious time can be. I guess it's different if you have kids etc. If my daily commute is shortened by 10-15 min, it doesn't make a significant difference even if it adds up over the course of months and years. I can squeeze in an extra chore that i'd be doing on the weekend anyways? I get to watch an extra 10 minutes of TV tonight? Shoot off a E-mail or two? All that is negated in the end by the time I end up surfing the web.

iHeat 02-05-2015 11:36 PM

guy just prices just shot up like 12 cents within 1 week

zilley 02-06-2015 01:28 AM

I love to read Westophers responses, one of the few guys that has anything good to say and actually makes sense.

Gnomes 02-06-2015 04:17 PM

Quote:

Originally Posted by iHeat (Post 8592355)
guy just prices just shot up like 12 cents within 1 week

Its either the local corner gas station is gouging us or the Canadian dollar worth 10 percent less than last week and can only import gas +10 percent price?

pastarocket 02-07-2015 09:49 PM

Oil prices, or the price of gas at the pump, is just one of the many expenses in people's lives.

Although our gas prices, and carbon taxes, are the highest in Canada, greater Vancouver is one of the most liveable places in the world. Expensive? Hell, yeah.

I have extended family (aunts, uncles, and cousins) who live in a city with some of the cheapest gas prices in the world? Where? Caracas, Venezuela.

The average price of a litre of gas in Caracas is THIRTY FIVE CENTS per litre.
Many people drive SUVs because of the cheap gas prices.

However, if you asked me where I wanted to live, Vancouver or Caracas, it would be Vancouver for sure.

The lower crime rate, better economy, and political stability of Vancouver compared to Caracas makes Vancouver a much better place to live. You can say also Vancouver is a more liveable city compared to many other cities in the world.

My cousin got her cellphone jacked twice in one week by thieves at gunpoint. My uncle almost got robbed in his own garage by two robbers until he pulled out his gun from his car's glove compartment and shot one of the thugs in the shoulder.


Higher oil prices? First world problems, people. It's the price we pay for living in a nice part of the world.

Carl Johnson 02-07-2015 10:39 PM

Quote:

Originally Posted by pastarocket (Post 8593276)
Oil prices, or the price of gas at the pump, is just one of the many expenses in people's lives.

Although our gas prices, and carbon taxes, are the highest in Canada, greater Vancouver is one of the most liveable places in the world. Expensive? Hell, yeah.

I have extended family (aunts, uncles, and cousins) who live in a city with some of the cheapest gas prices in the world? Where? Caracas, Venezuela.

The average price of a litre of gas in Caracas is THIRTY FIVE CENTS per litre.
Many people drive SUVs because of the cheap gas prices.

However, if you asked me where I wanted to live, Vancouver or Caracas, it would be Vancouver for sure.

The lower crime rate, better economy, and political stability of Vancouver compared to Caracas makes Vancouver a much better place to live. You can say also Vancouver is a more liveable city compared to many other cities in the world.

My cousin got her cellphone jacked twice in one week by thieves at gunpoint. My uncle almost got robbed in his own garage by two robbers until he pulled out his gun from his car's glove compartment and shot one of the thugs in the shoulder.


Higher oil prices? First world problems, people. It's the price we pay for living in a nice part of the world.

So much misinformation in your post, I am not even going to bother to reply to every one of them. But I will simply say if your definition of Vancouver being the most liveable city on earth include the lowest median income major city in all of Canada, the second most expensive city in the world only after Hong Kong, and a Premier that has devoted her complete attention into the uncertain LNG industry while neglecting other essential priority like bringing manufacturing to this province, then I guess you are absolutely right.

JesseBlue 02-23-2015 03:51 PM

I'm so flippin pissed that the price of gas is now at 1.20+/ ltr...

These greedy bastards!

murd0c 02-23-2015 03:53 PM

Got a tank of gas at Costco today for $111.9 which is always nice. Fucken paying full price lol

ZN6 02-23-2015 08:29 PM

Quote:

Originally Posted by westopher (Post 8590905)
One who looks at a work day as I do which I think is fairly rational, is the time you waste getting to and from work should be added into what your net pay formula is for a day of work, being that is work related time consumption that you are not paid for. Say someone who gets paid $20 and hour, and works 8 hours makes $160.
If it takes you 2 hours worth of commuting to get to and from work, it now took you 10 hours to make that $160 which effectively drops your earnings to being the equivalent of $16.00 an hour for time effectively consumed by your work day. You can agree or disagree, as its not science. But anyone who understands the value of time, and the value of money, understands that time=money. Thats the reason the saying exists.
If I'm not getting paid appropriately for my time, I plan on enjoying it instead of wasting it to save 25% of what I could be making at work in the same amount of time. If I'm not enjoying myself, or accomplishing something I need to, why wouldn't I just be working?

Good way to put it, I realized this years ago and so I built my exercise routine on my bike, which is something I love doing anyways, into my morning commute. I guess I'm one of the lucky ones that lives close enough to downtown to be able to bike to work and having a shower room at work.

It actually takes me about the same amount of time to get to work by bike as it is by transit. Not only does it save me some gas money, I don't even buy transit pass anymore. Save for the odd day that I do need to take transit, it's great to rid myself of the car and transit in the morning and afternoon.

I really, really fucking hate taking the skytrain.

JesseBlue 02-23-2015 08:34 PM

I love taking transit better than driving to work...i live too far to bike to work (plus i dont have a bike)...i always have a great view

ImportPsycho 03-02-2015 09:37 AM

is party over?
what was quick, I saw 130 in Richmond...

Mr.HappySilp 03-02-2015 10:15 AM

^^1.31 in Burnaby this morning.

Traum 03-02-2015 10:17 AM

Wonder when we'll start seeing prices close to the $1.50 range again... :failed:

MarkyMark 03-02-2015 10:18 AM

What's the price of oil now in relation to the last time it was 1.30 for gas?

inv4zn 03-02-2015 10:25 AM

Oil Price: Latest Price & Chart for Crude Oil - NASDAQ.com

Holding steady for the past ~2 months-ish.

Anyone can explain why our gas prices are climbing? Or is it just the corporate middle finger to consumers.

Traum 03-02-2015 10:29 AM

There was some talk earlier that US refinery workers were going on strike. But personally, I think it is all just bs. Oil companies know they have us by our balls, so they can just charge whatever they feel like.

meme405 03-02-2015 10:56 AM

Quote:

Originally Posted by inv4zn (Post 8603748)
Anyone can explain why our gas prices are climbing? Or is it just the corporate middle finger to consumers.

Because Crude oil is not gasoline.

The refineries which produce the crap you actually put into your car have been having difficulties lately, and for that reason supply of gasoline has been affected, thus driving the price up. That's the advertised reason, and certainly has a lot to do with the price.

The reality of what Traum said is true though, oil&gas as a whole can do whatever the fuck we want, and all you guys can do is bend over and take it. So I hope you enjoyed that little break we just graciously handed to you, because it's not coming back anytime soon...

:evil

Sources for issues face by refineries right now:

http://www.wsj.com/articles/workers-...job-1424540237

http://www.cbc.ca/news/world/exxon-r...es-3-1.2962132


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