Thread: Gas Prices
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Old 05-23-2004   #3
JET
Is funding Exxon.
 
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1. OPEC is actually less than that. If you include AOPEC and the Persian Gulf, you come out to ~40%. Russia is one of the largest exporters and Mexico is also pretty large. OPEC is the price leader though. If they change, the others do too (for the most part). Many industries are like that and it is called a shared monopoly. The problem is that we are at 88% of oil production for the world. We are getting close to max. The oil consumption is still rising rapidly too. I think prices are going to rise rapidly as we get close to max.

2. Canada doesn't produce hardly any excess oil besides what they use. It is roughly 1 mil barrels per month.

4. Toluene is also a good alternative. Toluene can be had much cheaper than what you listed. Some have found it for $2.50/gal. I haven't found it that cheap, but it was $3.80/gal. It is 114 octane and is a large component of race gas. 30% toluene plus 70% 92 octane will give you 98.5 octane. Sounds like fun on a weekend to me! That would average out to $2.68/gal if you use $2.20 for 92 octane. The best thing is, it is unleaded!
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