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Thread: $1.99 gas .

  1. #11
    The $6.00 bridge toll is enough to keep me from heading that way...

  2. #12
    I Need a Life
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    Quote Originally Posted by tommyjo View Post
    Now that oil has dropped so drastically (also without any impact from a weak and ineffectual President), these same mental giants are either mute or have all of a sudden grasped the concept of supply and demand!
    So wait... wait... wait.... I know that you won't be responding to this BUT...

    Are you HONESTLY trying to say that the reason for gasoline at the pump falling in price more than 35% over the last 10-12 months is supply and demand and nothing more?

    So I guess... according to you... that the world's demand for oil has dropped this much in the whole last 1 year -AND/OR- the supply has risen SO much.... and just all on it's lonesome with no political factors what-so-ever huh?

    BRILLIANT!

  3. #13
    Give Peas a Chance Bustem' Down's Avatar
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    Quote Originally Posted by SG_Player1974 View Post
    So wait... wait... wait.... I know that you won't be responding to this BUT...

    Are you HONESTLY trying to say that the reason for gasoline at the pump falling in price more than 35% over the last 10-12 months is supply and demand and nothing more?

    So I guess... according to you... that the world's demand for oil has dropped this much in the whole last 1 year -AND/OR- the supply has risen SO much.... and just all on it's lonesome with no political factors what-so-ever huh?

    BRILLIANT!
    It's only a matter of time until OPEC decides to throttle back, in the mean time we should be drilling more wells here.

  4. #14
    Quote Originally Posted by Bustem' Down View Post
    in the mean time we should be drilling more wells here.
    That cannot happen right now. In fact...the opposite is generally the case; there is beginning to be a major rollback and reduction in all manner of oil industry operations as the falling price makes fewer operations profitable enough to continue.
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

  5. #15
    Give Peas a Chance Bustem' Down's Avatar
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    Quote Originally Posted by Gilligan View Post
    That cannot happen right now. In fact...the opposite is generally the case; there is beginning to be a major rollback and reduction in all manner of oil industry operations as the falling price makes fewer operations profitable enough to continue.
    They don't need to pump, just drill the hole. That way, when OPEC says "You've had enough" we are ready to ramp up our own production. Like hiding snickers in the sock drawer.

  6. #16
    Quote Originally Posted by Bustem' Down View Post
    They don't need to pump, just drill the hole.
    "They" are just regular business people that have to make a buck. At the moment, unprofitable holes are being shut down and there will be an increasing number of those for every additional dollar drop in the price of a barrel..
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

  7. #17
    Quote Originally Posted by PsyOps View Post
    I think we could be, and should be, experiencing gas below $1.00 if this government would get our dependency off foreign oil, start drilling here at home/offshore, stand up more refineries, approve the Keystone Pipeline... And if we had been doing this from the beginning we should have never gone above $1.00.
    This will never happen here. Too many eco terrorists and hands out politicians.

  8. #18
    A gallon of gas is still around $10.00 in Norway.
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

  9. #19
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    I can't remember the article and I can't find the source but I thought I heard that oil prices are dropping because the foreign oil producers are flooding the market and trying to make it not profitable for the US to continue their drilling operations. The article said that the foreign companies are loosing money to try and run the US companies out of business and it also said it is projected that the days of the $100 + barrel are over for the foreseeable future. I could be way off and I wish I could find the article again but personally I think the drop in price gives us a much needed break especially during this time while trying to recover from the holiday's so I don't care who is responsible and I hope it continues for a little while.

  10. #20
    Quote Originally Posted by bilbur View Post
    I can't remember the article and I can't find the source but I thought I heard that oil prices are dropping because the foreign oil producers are flooding the market and trying to make it not profitable for the US to continue their drilling operations. The article said that the foreign companies are loosing money to try and run the US companies out of business and it also said it is projected that the days of the $100 + barrel are over for the foreseeable future. I could be way off and I wish I could find the article again but personally I think the drop in price gives us a much needed break especially during this time while trying to recover from the holiday's so I don't care who is responsible and I hope it continues for a little while.
    There isn't a coordinated effort; rather there is simply a worldwide glut of oil and oil production capacity. What is somewhat unusual is that OPEC has been irrelevant and ineffective this time around, and not able to coordinate a reduction in member-country output. There is some speculation that the Saudis are refusing to cut their production in an effort to undermine the US operations, many of which have much higher break-even points (some as high as $80/barrel) than what the Saudis get out of their fields. Saudi production costs are really low.

    The economic "shot in the arm" for the US is huge...yes indeed. For everyone except the oil industry anyway.
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

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