As well as most of ours.

Re: Will your schedule change?
 

[QUOTE=BrentTFunk;549607]I bet those companies are really hurting. In fall of 2020 they shut down refineries to cut supply to increase demand.

Please help me out here. In the fall of 2020 I can’t remember for sure but maybe just maybe we were 6 months into the 2 weeks to stop the spread of Covid. I’m thinking that’s when no kids went to school and a majority of the population was working from home. Also most indoor and outdoor gatherings, including restaurants were limited. Again I might be off but if those facts were correct is it possible there actually might have been very little demand???? Asking for a friend. Next since apparently my math must be off, if 80% of our oil goes to China that means we only use 20%????
I believe the initial post asked for this to not get political and it was going well. Please keep it that way and if you don’t like the oil companies that is fine that’s your business but please don’t insult peoples intelligence.

Re: Will your schedule change?
 

May of 2020 I drove out to south west Colorado to visit parents. Interstates were like ghost highways. Best time I’ve ever had driving on an interstate and made exceptionally good time. :31:

Originally Posted by sw1911:
"If those numbers come to fruition and become reality all nonessential travel will be drastically curtailed for the average household. Scary scenario for sure."

Environmental extremists force USA to beg Venezuela, Saudi Arabia et al to increase production instead of reversing ***** day one restrictions on domestic production. Lack of national energy policy that doesn't change every 2 or 4 years is killing us.

So much for the no ********. Way to distill a complex issue into political partisanship on a racing site. 🙄

[QUOTE=ThrowbackRacingTeam;549618]You do realize we were energy independent just over 2 years ago and the wars in Middle East had nothing to do with oil but everything to do with Israel’s occupation of Palestinian land and the ongoing Cold War with Russia fought through 3rd party belligerents. As for racing, I’m already crossing off some races on my list. The prospects are bad and we already went through this during the president before *****. This is no surprise to some of us. Your lives are about to drastically change.[/QUOT

So you think that 2 years ago we were not importing oil from primarily from the Middle East? Also Russian oil is about 3% of our total petroleum imports. The petroleum market has been a global inter-connected economy since the Europeans left the Middle East nearly 100 years ago.

Re: Will your schedule change?
 

[quote=captrat;549627]

Originally Posted by ThrowbackRacingTeam:
You do realize we were energy independent just over 2 years ago and the wars in Middle East had nothing to do with oil but everything to do with Israel’s occupation of Palestinian land and the ongoing Cold War with Russia fought through 3rd party belligerents. As for racing, I’m already crossing off some races on my list. The prospects are bad and we already went through this during the president before *****. This is no surprise to some of us. Your lives are about to drastically change.[/QUOT

So you think that 2 years ago we were not importing oil from primarily from the Middle East? Also Russian oil is about 3% of our total petroleum imports. The petroleum market has been a global inter-connected economy since the Europeans left the Middle East nearly 100 years ago.

There are different types of Oil. Brent Crude is the one most American refineries use to distill Gas, Diesel. But yes, we were exporting more oil than importing in 2019. now we are about two million barrels a day to the import side.

There are several factors that go into it. While most Gulf and lower midwest oil is refinable here. Oil from the Alaskan Pipeline is mostly exported.

Also late 2018-early 2019 The price of a Barrel of Oil was roughly 30 dollars. Now nearing 130 At 30 dollars a barrel many drilling and pumping sites in the US are not profitable. It takes about 50 dollars plus for them to make money on the research, drilling, leases and royalties (Yes the US GOVT makes royalties on leased land pumping) So at that time Im sure some drilling stopped. Also Covid when the highways in major cities were bare from March to may of 2020 caused a lot of shut down in production.

I barely scratched the surface

Re: Will your schedule change?
 

I'm thankful my memory is good enough I know EXACTLY how much gas cost early November 2020 and that it was HIGH just a couple weeks ago before this war...it is disgusting that some expect us to not remember those FACTS...

And there WAS plenty of racing (& other sports) going on thru Oct & Nov in 2020...the steal hasn't stopped and will continue at the pumps, tire prices, and everything else...

It was amazing how well racing did the last couple of years...I think it will take some creativity ("blockchain" and crypto sponsors; maybe shorter races, LESS practice, etc) for it to survive this assault (don't forget PRI reminds us often of on-going efforts there is to take racing away from us - https://www.performanceracing.com/rpm-act).

I'm just thankful there is a race track 3minutes from my house that I hope can keep plugging away. I feel bad for those that have to travel and I certainly don't miss filling my tow rig up...(always streched it and ran out often...)

Re: Will your schedule change?
 

Originally Posted by Chief Wahoo:
May of 2020 I drove out to south west Colorado to visit parents. Interstates were like ghost highways. Best time I’ve ever had driving on an interstate and made exceptionally good time. :31:

It didn't hurt that the LEOs did not want to make any unnecessary traffic stops!!

Re: Will your schedule change?
 

Originally Posted by sw1911:
It didn't hurt that the LEOs did not want to make any unnecessary traffic stops!!

Correct, Never saw 1. :6:

Re: Will your schedule change?
 

Originally Posted by B99:
A great post? Not hardly. Most people who go don't have an infinite supply of money, and it's short sighted to think that $5 a gallon gas isn't going to hit other areas hard as well. It's like people who support the $15 minimum wage. Yes, it helps those in minimum wage jobs, but the increases are simply passed on to the consumer, in effect, it is simply a tax on the people and it ends up impacting the people its supposed to help. Much of the wage increases were eaten up by inflation before the Russian invasion.

The increase in fuel costs, costs to heat buildings, produce other products are coming down the pipeline shortly. And at some point, people are going to have to make some hard choices, just like they did in the 1970's. I was around then, and a lot of people did without. Money that could have been spent elsewhere fueling the economy was spent getting to work, or keeping the lights burning at home. Going out to eat was a rare treat, not an expectation.

Of course, you're all going to be better off when we are all electric, and taking out loans to pay for those $70,000-$80,000 electric cars and trucks that may or may not get you to the track and back. Bankers are licking their chops at the prospects.

Sir, paying $5 a gallon for gas isn't going to keep your son in law out of a war. Not being dependent on hostile governments for critical resources is a far better solution.

Nobody here said it wouldn't have a big effect. Our heating oil costs have been INSANE this winter. I think the point was that if we want to do something non-essential like racing, we're gonna have to suck it up & pay more :(

Re: Will your schedule change?
 

Originally Posted by captrat:
So much for the no ********. Way to distill a complex issue into political partisanship on a racing site. 🙄

Couldn't agree more......:(

Re: Will your schedule change?
 

No one has even mentioned the aveage fan is older,and many are retired. The retirees are probably wondering how much money their 401K's and the like are losing,rather than gaining...

Originally Posted by Andrew S. Quinn:
No one has even mentioned the aveage fan is older,and many are retired. The retirees are probably wondering how much money their 401K's and the like are losing,rather than gaining...

Bottom line, everything and I do mean everything, is already costing more and for the foreseeable future will continue to increase. There are some people who can just shrug it off and not make any changes to their plans. I am not one of those people.

Originally Posted by Andrew S. Quinn:
No one has even mentioned the aveage fan is older,and many are retired. The retirees are probably wondering how much money their 401K's and the like are losing,rather than gaining...

You're spot on with that,I check mine everyday.

To add a twist to this thread by FB55,
haven't read much about the tire "shortage"?

Originally Posted by Dirtfan:
You're spot on with that.
To add a twist to this thread by FB55,
haven't read much about the tire "shortage"?

To add to that, I spent most of my money racing, so I didn't save much, no 401k, not much in savings, all in toys, but I don't regret it, I have been to a lot of funerals and have yet to see a Brinks truck in the procession, we somehow manage on SS, and my wife didn't work, so I'm about it for income, but we're not poor by any means, but we watch what we do, and we've been a lot of places most people would never go, so it's not all bad, we have enough.

Re: Will your schedule change?
 

Originally Posted by TQ29m:
To add to that, I spent most of my money racing, so I didn't save much,

I tell people that if I had every dollar back that I spent in racing, I could be living in a mansion.

Re: Will your schedule change?
 

In 2008 when gas went up to ~$4.50 per gallon around here, I closed ranks and stayed home for most of the Summer. The only track I hit was Hartford that year for it is 25 miles away. Everything else is a two hour drive / 110-120 miles - Butler, Kokomo, I-96.

This year the gas prices will make a dent in the wallet. With that I will hold my cards a little closer to my vest and maybe not venture out for the two hour back and forth drives every weekend, but I am still up for going out as much as I can. If I can hit Hartford, I'll hit Hartford. Heck, I might even default to Kalamazoo Speedway a few times this year.

Nice topic, '55. Everyone has an interest on high fuel prices - racing or not.

I just heard a good one, though: You can still get gas for under $2.00 at White Castle. :)

The last I got at WC, I called fur burgers, all bluish pink, and I had eaten 2 or 3 before I noticed it, almost wrecked my 🚗.

Re: Will your schedule change?
 

I can't say as I had ever experienced "food poisoning" in all my life, and to look at me, I've enjoyed a lot of food... but White Castle on Crawfordsville Rd nearly took me out at PRI last year...

Never again. Never.

Re: Will your schedule change?
 

Still waiting on the answer to how we are safer by paying more. Especially when a world leader is bombing nuke plants and threatening any interference with Nuclear missiles.
US is at DEF CON 3 and was at Def Con 2 for the first time since 1962

Re: Will your schedule change?
 

Originally Posted by BrentTFunk:
After pretty much missing all of last year. I will go if I have to crawl to get there lol. Luckily we live very modestly, and are vehicles are fuel efficient. Every since paying $5.50 after hurricane Katrina, I always anticipate the oil companies sticking it to us every chance they get.

Ditto Brent. After lockdowns and limited racing with Covid 19, I swore at my age I will not miss a race that I really want to go see. I will stick to that promise to myself in 2022. Price will not stop me but rationing like the 70's would really alter my plans as I travel 350+ miles RT to see my Indiana nw sprint cars in action @ GC I 69 and Kokomo.

I was about to say, it wasn't the price so much, as it was the availability, we usually carried at least 10 gallon extra to hope to get closer to home on the return trip, this time is different, the cost determines how far you go, I remember the rationing, and the stamps during the big one, I was pretty young, but it was demanding on everyone's mind to be able to have a job and be able to get there and get paid, to get food for the family, and coal to keep the house warm, we lived a lot off the land, but we survived, I think about that now, and in the 70s.

Re: Will your schedule change?
 

$5 and $6 fuel is a psych spike so we ll be more accepting of $3 and $4 fuel

Re: Will your schedule change?
 

Originally Posted by mc/rider:
$5 and $6 fuel is a psych spike so we ll be more accepting of $3 and $4 fuel

Not me, Im cutting out the floorboards and flintstoning it.

Originally Posted by Charles Nungester:
Not me, Im cutting out the floorboards and flintstoning it.

That should be worth the price of admission!

Great response from all you folks. I knew we couldn’t avoid ******** but I think we kept it pretty well reigned in. I have very strong political views but I’ll keep them to myself for now. But one thing that keeps going through my mind is, in the past I would ask a buddy or two to go to the races with me. Often times they might offer to throw me some gas money. My response was thanks but not necessary, I was gonna go anyway. Now I’m thinking I might have to recruit friends to go to split the gas costs or I might have to sit one out. Like my buddy Nodrama was saying. I was definitely planning on Husets this year, and haven’t ruled it out yet. But if things continue going in the direction they’re going, reconsideration may be required.

Re: Will your schedule change?
 

With the price of gas and my wife hitting me with a divorce last Monday (3-7-22) everything has gone down the dumper I had planned for this spring & summer right now it looks like the main problem will be the gas price with the divorce 2nd hope to still make the USAC Nationals at Husets but doubt if I will do Midwest Midget week also wanted to to do T-Town Showdown

Re: Will your schedule change?
 

I may cut back on some other things , but not on racing .

Re: Will your schedule change?
 

Originally Posted by ginblueearth:
With the price of gas and my wife hitting me with a divorce last Monday (3-7-22) everything has gone down the dumper I had planned for this spring & summer right now it looks like the main problem will be the gas price with the divorce 2nd hope to still make the USAC Nationals at Husets but doubt if I will do Midwest Midget week also wanted to to do T-Town Showdown

Hang in there!

Re: Will your schedule change?
 

Originally Posted by jdull99:
Hang in there!

Will do Thanks Glen Murra

Re: Will your schedule change?
 

Originally Posted by ginblueearth:
With the price of gas and my wife hitting me with a divorce last Monday (3-7-22) everything has gone down the dumper I had planned for this spring & summer right now it looks like the main problem will be the gas price with the divorce 2nd hope to still make the USAC Nationals at Husets but doubt if I will do Midwest Midget week also wanted to to do T-Town Showdown

Sorry to hear that....
One approach would be to spend it all before she gets it.....:31:

Re: Will your schedule change?
 

Brad Doty Just shared this. Last week a barrel of oil was $128. This week it is $99. Average gas price last week $4.17. This week $4.32.

Makes sense to me, really hard to keep ******** out of this, but both explain it differently, but we've been hunkered down for 2 years now, hard to remember how it used to be.

Re: Will your schedule change?
 

I know I won't be starting a go fund me for the oil companies anytime soon. Don't really consider this political. They pull this stuff no matter who is in.

Re: Will your schedule change?
 

Originally Posted by BrentTFunk:
I know I won't be starting a go fund me for the oil companies anytime soon. Don't really consider this political. They pull this stuff no matter who is in.

Oil and gas wasn’t a issue between 2016-2020. Just saying…:10:

Originally Posted by BrentTFunk:
I know I won't be starting a go fund me for the oil companies anytime soon. Don't really consider this political. They pull this stuff no matter who is in.

One political party wants to do away with the use of fossil fuels. A former presidential candidate of that party wrote in his book:"The biggest threat to the planet is the internal combustion engine." We can try to avoid political posts, but the fact is, political decisions affect every aspect of our daily lives and that certainly includes our ability to enjoy racing.

Re: Will your schedule change?
 

Oil companies are at record profits for the last 7 years. It is not ******** it is greed.

Re: Will your schedule change?
 

Originally Posted by Chief Wahoo:
Oil and gas wasn’t a issue between 2016-2020. Just saying…:10:

From 2009 to 2020 oil prices have been reasonably stable :deadhorse:

Re: Will your schedule change?
 

Originally Posted by BrentTFunk:
Oil companies are at record profits for the last 7 years. It is not ******** it is greed.

All other things held equal, inflation guarantees record everything every year.

Re: Will your schedule change?
 

Facts, not ********.

"The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world."

Oil companies do not control the demand for crude oil.

It is fact, not ********, that the present administration is doing everything it can to depress the domestic supply of crude oil and natural gas. Even so far as pressuring Wall Street to not make capital available for oil and gas exploration and production.

Do the math.