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Politics :
The price of oil
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Author | Message |
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Gordon Lowe Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0 |
I saw $1.95 per gallon this morning, went in a store, and when I came back out the price had jumped to $2.39! I was so mad at myself for not getting gas when I saw the first price, but geez. I don't understand the extreme retail fluctuations. The mind is a weird and mysterious place |
Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3 |
Gordon Lowe I don't understand the extreme retail fluctuations. It's called capitalism , PRICE GOUGING , legalized theft |
Gordon Lowe Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0 |
Gordon Lowe :~) Well, I guess so; I just like to think there's a more complicated answer than that. :~) The mind is a weird and mysterious place |
KWSN - MajorKong Send message Joined: 5 Jan 00 Posts: 2892 Credit: 1,499,890 RAC: 0 |
Gordon Lowe Yep, And when one tries to 'adjust' things, there are invariably UNINTENDED CONSEQUENCES of the negative sort. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30692 Credit: 53,134,872 RAC: 32 |
Gordon Lowe And unfortunately usually two to three times the amount of the adjustment. |
James Sotherden Send message Joined: 16 May 99 Posts: 10436 Credit: 110,373,059 RAC: 54 |
I heard on NPR while driving my wife from one place to another. That the Saudis were purposely maintaining current production to hurt Canada and US oil production. The reason was to drive the price so low they would stop exploration and production of oil. They also stated that they were losing market share. Russia was named as one who gained market share. My wallet likes the low price. But I know the price will go up soon. My driving habits will stay frugal. [/quote] Old James |
James Sotherden Send message Joined: 16 May 99 Posts: 10436 Credit: 110,373,059 RAC: 54 |
More Production + Economic Slowdown in China and Western Europe = Lower Prices. But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession. Maybe Im stupid but dosent low gas pricees mean people have a few more dollars to spend On something else? [/quote] Old James |
The Simonator Send message Joined: 18 Nov 04 Posts: 5700 Credit: 3,855,702 RAC: 50 |
But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession. I heard it that low prices usually precede a world recession, not necessarily cause it. The US needs something like $80/barrel for fracking to be profitable, the current low price is as a result of OPEC flooding the market to undercut fracking. Seems a risky proposition to me. Still, the price of LPG has dropped to 52.9p/l at my local station meaning the car is costing me considerably less to run, and if there's another recession i might be able to afford a house, so i'm not worried. Life on earth is the global equivalent of not storing things in the fridge. |
Gordon Lowe Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0 |
But I keep hearing that if oil goes below 30 Dollars a barrel its going to trigger a world recession. It seems to me to have have hit a low spot at around $45. It's been hovering in that spot for several days now. The mind is a weird and mysterious place |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30692 Credit: 53,134,872 RAC: 32 |
More Production + Economic Slowdown in China and Western Europe = Lower Prices. Except all those people being paid to drill baby drill lose their jobs. |
Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3 |
With the old guard gone the new take over . Nothing is just business as usual , and 1 brother will always have different ideas than the other . In this game of chess anything can happen including dare I say it WAR ! OH that's right we are at war and the enemy of my enemy is my friend , o.k got it. |
celttooth Send message Joined: 21 Nov 99 Posts: 26503 Credit: 28,583,098 RAC: 0 |
I don't have to buy diamonds.... :):) |
Blurf Send message Joined: 2 Sep 06 Posts: 8962 Credit: 12,678,685 RAC: 0 |
All I know is it's costing dramatically less for my wife and I to gas up and we're thrilled. |
W-K 666 Send message Joined: 18 May 99 Posts: 19099 Credit: 40,757,560 RAC: 67 |
I don't have to buy diamonds.... Has that statement got LSM's approval;-) |
celttooth Send message Joined: 21 Nov 99 Posts: 26503 Credit: 28,583,098 RAC: 0 |
Try to grow up in my family, from my part of the world, and marry the lovely lady I have, without gold. Diamonds don't cut it where I come from. Well only four or five or so. (Some real small) :):) |
The Simonator Send message Joined: 18 Nov 04 Posts: 5700 Credit: 3,855,702 RAC: 50 |
I don't have to buy diamonds.... What about an emerald or some other precious stone. How picky do woman get about rings? Edit, ignore that last sentence, just realised it was a stupid question. Life on earth is the global equivalent of not storing things in the fridge. |
celttooth Send message Joined: 21 Nov 99 Posts: 26503 Credit: 28,583,098 RAC: 0 |
I did get LSM a Ruby with diamond cluster for our twentieth wedding anniversary..... :):) |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30692 Credit: 53,134,872 RAC: 32 |
Keystone XL or ... http://america.aljazeera.com/articles/2015/2/16/csx-oil-train-derails-in-west-virginia-14-cars-on-fire-towns-evacuated.html A CSX train hauling crude oil has derailed in West Virginia with at least 14 cars bursting into flames and two nearby towns evacuated in the second significant oil-train incident in three days, local media reported on Monday. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30692 Credit: 53,134,872 RAC: 32 |
Why Aljazeera as an attribution? Fair and Balanced. |
Bob DeWoody Send message Joined: 9 May 10 Posts: 3387 Credit: 4,182,900 RAC: 10 |
If the oil is really there on U.S. property, I guess it will be extracted somehow if truly necessary. Several reasons, it's pretty to look at and very rare, plus by now our attraction to it is hard wired into our DNA. If it were found that large quantities of gold were lying around on the surface of the moon (or just under it) people would be building their own rockets to go to the moon and collect it. Bob DeWoody My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events. |
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