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Thread: Oil Slick Stuff

  1. #14257

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    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    That might be AND Bush, but I'm not going to get THAT political!



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  3. #14258

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    Default Re: Oil Slick Stuff

    This must be your station Buster?
    First U.S. Gas Station Drops Below $2 a Gallon


    By Lynn Doan and Margaret Newkirk Dec 3, 2014 5:59 PM ET

    $2 gasoline is back in the U.S.

    An Oncue Express station in Oklahoma City was selling the motor fuel for $1.99 a gallon today, becoming the first one to drop below $2 in the U.S. since July 30, 2010, Patrick DeHaan, a senior petroleum analyst at GasBuddy Organization Inc., said by e-mail from Chicago.
    First U.S. Gas Station Drops Below $2 a Gallon - Bloomberg



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  5. #14259

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    Default Re: Oil Slick Stuff

    Scary market indicator: Shiller

    Video:

    Robert Shiller, Case-Shiller Index founder, explains the impact of oil prices on the economy, and why he is still investing in the markets.
    Scary market indicator: Shiller | Watch the video - Yahoo Finance



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  7. #14260

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    Default Re: Oil Slick Stuff

    Total global meltdown: Is oil to blame?
    Jeff Macke
    Video:
    http://finance.yahoo.com/news/total-...125434734.html



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  9. #14261

    Default Re: Oil Slick Stuff

    I'm not buying any of this crap put out now about low oil prices will globally impede the markets/economy..BULL!..These reports are like all the rest of the gloom and doom they want you to believe..Sure some industries directly associated with OIL and it's production will slow down..even fracking will become less profitable. But on average across America and at conservative estimates too.... people are NOW saving $350 to $400 MILLION dollars a day on lower priced gas...Guess where that money now goes?..Yup, right back into the economy on other products and services. This is a much broader stimulus than any one could have imagined 2 years ago..So I say enjoy the fruits while it lasts...OIL will go back up soon enough I'm afraid.
    Last edited by Buster; 12-09-2014 at 06:22 PM. Reason: spelin
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

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  11. #14262

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    Default Re: Oil Slick Stuff

    E10 is averaging $2.39 a gallon in BPGA, I'm likin' this!



  12.  
  13. #14263

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    12,151

    Default Re: Oil Slick Stuff

    Gas in the Cleveland area is $2.38 to $2.89. In and around my neighborhood $2.38 to $2.69.
    May the force be with us.

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  15. #14264

    Join Date
    Sep 2007
    Location
    Almost Heaven
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    1,939

    Default Re: Oil Slick Stuff

    Sure wish we didn't have to pay for this expensive ethanol to be blended into our gasoline.


    $2.479 on the riviera ... guess we're waiting for a hurricane or something.
    Which one of you nuts has got any guts? -- Randle P. McMurphy
    ... stupidity will always find a way. -- Nnuut

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  17. #14265

    Default Re: Oil Slick Stuff

    with low oil and fuel prices, why hasn't bottles/gallons of oil gone done in price? gallon of diesel oil I use is still $15, same as beginning of yr.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798


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  19. #14266

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    Default Re: Oil Slick Stuff

    Quote Originally Posted by Valkyrie View Post
    with low oil and fuel prices, why hasn't bottles/gallons of oil gone done in price? gallon of diesel oil I use is still $15, same as beginning of yr.
    I see what you mean, it's gotta be the CROOKS at work!



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  21. #14267

    Default Re: Oil Slick Stuff

    Quote Originally Posted by Valkyrie View Post
    with low oil and fuel prices, why hasn't bottles/gallons of oil gone done in price? gallon of diesel oil I use is still $15, same as beginning of yr.
    One word...GREED!
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

  22.  
  23. #14268

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    Default Re: Oil Slick Stuff

    Dumb policies frustrate benefits of falling oil prices [OBAMA]!


    By Peter Morici - - Monday, December 8, 2014
    Falling gas prices add to holiday cheer, but those are not an unvarnished good for the U.S. economy—thanks to bad economic policy.
    Oil selling at about $65 a barrel oil prices gives consumers and many businesses a lot of additional buying power, but it also puts a damper on the U.S. oil and gas boom.


    For many U.S. wells, the breakeven price is much lower—for some $40 a barrel—but in the Texas Panhandle, Permian Basin and North Dakota’s Bakken fields, it can be as high as $75 to $80.

    For now, U.S. oil production is likely to continue rising because once fields are built, revenues need only cover day-to-day operating costs even if producers don’t recoup initial development costs. Going forward producers will invest less in new drilling, and sales of drilling equipment have already started to drop.
    The United States still imports more than 5 million barrels a day, and cheaper foreign oil adds about $75 billion to consumer purchasing power. However, the falloff in drilling activity will significantly subtract from the resulting pop to GDP and one million additional jobs some economists are predicting.
    Restrictions on new pipeline development—both Keystone and other east-west projects—are forcing North Dakota producers to ship by rail millions of barrels to East Coast refineries. This adds as much as $10 a barrel to handling and shipping costs, greatly increases environmental and insurance risks, and makes new U.S. drilling projects more vulnerable to prices in the $60 to $70 range for the next several years.[more]



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