BP Makes "Giant" Oil Find in Gulf of Mexico

[crazychickensc12 84]

They made this large find by drilling one of the deepest wells ever, hopefully gas prices will go down a smidge

Ze Story [Link]

Just a little side note here im curious as to what everyone pays for gas, or if you don't drive what have you seen gas sell for in your area.

For starters I paid $3.09 for reg unleaded thats out here in California(Greatest state ever btw...although not for prices)

[asd195 1]

I live in GA we pay an average of 2.45 now

[Easy Bakes 253]

Regular is 2.35 a gallon in dallas.

It still in developmental stages so wont affect prices probably at all.

Except BP Stock.

[your_adress_here 11]

Last I saw it was 97.7 cents a litre.

Who will be getting the money from all this oil? Mexico could sure use it... if they use it responsibly.

[Duke87 1,070]

The price range in town at this point is $2.83 to $3.09 (the station which perpetually has the most expensive gas in town but doesn't put up a big sign with their prices at $3.29 notwithstanding).

That's in Stamford, CT. About the same down in the Bronx. Though I saw some stuff as low as $2.67 in New Rochelle on Monday. If only I hadn't been driving by with a near full tank!

EDIT:

Last I saw it was 97.7 cents a litre.quote>

Conversion: $3.08/gal US. (assming that's Canadian cents)

[bartonn 0]

eek. I'm paying $1.17/Litre.

[fukuda 351]

1'42 USD/litre

[blade2k5 1,523]

Originally posted by: crazychickensc12

They made this large find by drilling one of the deepest wells ever, hopefully gas prices will go down a smidge

Ze Story [Link]

Just a little side note here im curious as to what everyone pays for gas, or if you don't drive what have you seen gas sell for in your area.

For starters I paid $3.09 for reg unleaded thats out here in California(Greatest state ever btw...although not for prices)

quote>

We've known about the oil deposits in the Gulf for a few years now, so this is no big surprise to me.  And I seriously doubt it'll lower gas prices...we couldn't be that fortunate.  Here in Wisconsin where I live, we're paying $2.64/gallon.  Oh, by the way, I'm from Ca and it is not the greatest state  No state is the greatest, they're all equal.

[Jamonbread 222]

They say the depth of it is larger than everest is tall, itll cost $40 bucks a barrel just to get it! So lower gas prices no, oil for longer, yes. But then of course canadian tar sands cost 45 bucks to produce a barrel so heres hoping

[Merlin of Flyote 8]

I wish you guy's would learn to speak English properly. Gas is a gas people cook with it. Petrol which people run their cars on is a liquid which is made from Oil. In Britian it's about £1.07 a litre or about £4.85ish a gallon, (Imperial gallon that is).

An American once told me that an Imperial Gallon was about 5 quarters (125%) if that makes sence to you.

[TheQuiltedLlama 34]

Originally posted by: Merlin of Flyote

I wish you guy's would learn to speak English properly. quote>

[sneakeypete 16]

Gaint? maybe. Having any major effect? what a joke. consider that the world has over trillion (1000 times as much) barrels of proven oil reserves already (and that those will probably run out in 60-70 years), a billion barrels (if its even that much) won't make a noticable difference.

Still, its impressive. Its almost as big as the entire recoverable reserves of all of Australia.

[duack 14]

I think the great thing about this is that its not just about this reserve, because comparitively its insignificant, but the fact that it proves that there's still countless giant reserves that havn't been found yet. The hope it brings is much more significant than the actual amount of oil found.

And on oil prices, Im in Australia and lately, oil has been hovering at around $1.20 a litre, which seems pretty high considering at this point our dollar gets 0.85 USD (roughly the highest point of the cycle) and that this is a time oil is cheap. So why is it only like 20-30cents cheaper than it was a couple of years ago? Makes no sense...

[psander5 198]

Merlin of Floyte: I believe 'gas' is short for 'gasoline', and not a gaseous substance Just a different name for petrol. Such differences in terminology are likely to occur given the vast separation that is the Atlantic, and the void of time Although, spelling 'colour' and all it's friends wrong is unforgiveable

I don't think it's so great that we keep finding new oil reserves. The sooner we are forced to change to other fuels the better in my opinion... so long as it's not bio-ethanol of course.

Bring on the hydrogen revolution! (Fuelled by nuclear power and renewables). Or buy a bicycle!

[Barbarossa 51]

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  Edited September 8, 2012 by Barbarossa  

[blade2k5 1,523]

Originally posted by: Barbarossa

Pfft... that's what all wannabes say!  quote>

Those who think otherwise need to tone down the ego before they trip over it

[Duke87 1,070]

Originally posted by: TheQuiltedLlama

Originally posted by: Merlin of Flyote

I wish you guy's would learn to speak English properly. quote>

quote>

Don't you love irony?

Gas is a gas people cook with it. Petrol which people run their cars on is a liquid which is made from Oilquote>

In your part of the world, maybe. If you were to ask where you could get "petrol" around here most people would have no idea what the hell you were talking about.

An American once told me that an Imperial Gallon was about 5 quarters (125%) if that makes sence to you.quote>

It's very nearly 120%, actually. The US gallon is precisely 231 cubic inches (because that's a nice round number ).

The imperial gallon is the volume occupied by 10 (avoirdupois) pounds of water under "standard" conditions, which works out to about 277.42 cubic inches. 120.095%.

Anywho, Americans, here's your conversions:

$1.17 CA/L = $4.01/gal US

1.42 USD/L = $5.37/gal US

£1.07/L = $6.62/gal US

$1.20 AU/L = $3.82/gal US

It's not that hard to do yourself if you know two things:

1) 1 US gallon = 3.785 Liters. Conversion factors are good to have memorized in general, actually.

2) Google can do currency conversions. Type in "5.55 GBP in USD", for example, to convert £5.55 to US dollars.

(GBP = Great Britain Pounds, USD = US Dollars, CAD = Canadian Dollars, AUD = Austrailian Dollars, EUR = Euros, etc.)

[metarvo 712]

Originally posted by: Merlin of Flyote

I wish you guy's would learn to speak English properly. Gas is a gas people cook with it.quote>

Then again, the air we breathe is a gas, technically.  The gas people cook with is natural gas, unless a propane stove is used.  Then again, there are those that cook with electricity instead.  Oh, and that italicized word in the quote above is not needed.

[krbe 193]

Then again, this thread is about an oil find in the Gulf of Mexico, technically. I thought there already was a thread about the petrol prices somewhere, and probably grammar, too.

The amount of oil available has far greater implications than just what you pay at the pump while you're waiting for a smarter idea to come along. Oil fields and oil finds are also about ideology, security, regional prosperity, world economy growth, etc.

[Merlin of Flyote 8]

Originally posted by: metarvo

Originally posted by: Merlin of Flyote

I wish you guy's would learn to speak English properly. Gas is a gas people cook with it.quote>

Then again, the air we breathe is a gas, technically.  The gas people cook with is natural gas, unless a propane stove is used.  Then again, there are those that cook with electricity instead.  Oh, and that italicized word in the quote above is not needed.

quote>

And it wasn't there in my post.

[MC6Ash 4]

I hate to kick the horse, but Petrol is actually short for Petroleum. Gasoline is made out of Petroleum. so, even though I am English and call it petrol, calling it "Gas" is actually more correct.

[Easy Bakes 253]

Paid 1.99 for gas today in Corinth,TX.

[asd195 1]

now 2.39 in GA(in the city where i live) i said 2.45 earlier

[MTA3479 0]

Around 2.25 here......

[gml_josea 2]

In my country I pay about 0.16 USD

[Duke87 1,070]

Originally posted by: gml_josea

In my country I pay about 0.16 USDquote>

Per gallon or per liter?

Either way... damn, that's cheap.

[fukuda 351]

Originally posted by: Duke87

Originally posted by: gml_josea

In my country I pay about 0.16 USDquote>

Per gallon or per liter?

Either way... damn, that's cheap.

quote>

Gas is cheap in Venezuela 

[JakeMD 107]

in Minnesota it has been steady at $2.44 for a few weeks.

[Gridlock 9]

This is laughable BP arent they the ones in Sim societies promoting Green power , yet the go drill the deepest well in the world ,for just 300,000 barrels a day .

The good news about this oil find is , it does not increase the trade deficit for the US ,meaning less money going overseas on foreign oil.

[metarvo 712]

Originally posted by: Merlin of Flyote

And it wasn't there in my post.

quote>

Oops. I'm sorry.  I italicized the word "it" in that sentence because it was the word I was referring to.  Anyway, gas/petrol in my area goes for $2.39.