ChiefsPlanet - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

Oil will drop into the $60's and gas will bounce around the $2.00 level or maybe as low as $1.75 a gallon.

Russia is trying to stir things up and create chaos because their economy is taking a financial beating!

The US and the Saudi's are pumping the shit out of all the wells and flooding the market, plus the strength of the US dollar is really helping drive down the price-a double win for American citizens!

Unlikely, OPEC is starting to put pressure on the Saudi's to cut production. If it goes below $70, it is likely that the Saudi's will cut some production.

scho63

11-17-2014 07:39 AM

Quote:

Originally Posted by KC native (Post 11107914)

Unlikely, OPEC is starting to put pressure on the Saudi's to cut production. If it goes below $70, it is likely that the Saudi's will cut some production.

Saudi's can make money all the way down to around $35 a barrel and they HATE Iran so not sure they will listen.

LoneWolf

11-17-2014 10:48 AM

Quote:

Originally Posted by Donger (Post 11084119)

Did you actually read those links?

Do you actually think there is no link between increased fracking and disposal of fracking waste and the huge increase in earthquake activity in the central plains?

Donger

11-17-2014 11:21 AM

Quote:

Originally Posted by LoneWolf (Post 11120785)

Do you actually think there is no link between increased fracking and disposal of fracking waste and the huge increase in earthquake activity in the central plains?

I think that there may be a link, but it isn't proven, as his link states:

http://www.fresnobee.com/2014/11/03/...akes.html?rh=1

Which is why I asked if he read the links he provided.

LoneWolf

11-17-2014 11:32 AM

Quote:

Originally Posted by Donger (Post 11120933)

I think that there may be a link, but it isn't proven, as his link states:

http://www.fresnobee.com/2014/11/03/...akes.html?rh=1

Which is why I asked if he read the links he provided.

The only scientist listed in the article who said that the link between fracking and more specifically disposal of fracking solution and earthquakes could not be proven was the dipshit hired by Gov. Brownback.

I'm all for cheaper oil, but not at the expense of billions of dollars in earthquake damage. If there is a major earthquake in Oklahoma or Kansas, most people will lose their homes without insurance to rebuild.

Donger

11-17-2014 11:50 AM

Quote:

Originally Posted by LoneWolf (Post 11120983)

I think that the article is a great example of correlation versus causation.

I haven't seen anyone predicting that there will be a huge earthquake in Kansas or Oklahoma, caused by fracking or not.

What are you suggesting should be done?

LoneWolf

11-17-2014 11:54 AM

Quote:

Originally Posted by Donger (Post 11121064)

Find a different way to dispose of the fracking waste instead of pumping it deep into the ground.

Donger

11-28-2014 08:08 AM

Crude down ~6% at $68.23, after dropping to $67.00 today.

Bob Dole

11-28-2014 08:35 AM

Saw anywhere from $2.42 to $2.69 Wednesday while driving to MO from TX.

scho63

11-28-2014 12:02 PM

Quote:

Originally Posted by KC native (Post 11107914)

Unlikely, OPEC is starting to put pressure on the Saudi's to cut production. If it goes below $70, it is likely that the Saudi's will cut some production.

Wanna reconsider your position? :hmmm:

scho63

11-28-2014 12:14 PM

Russia, Iran, Venezuela and a few other oil producing countries with deep debt and budgets planned on $125+ per barrel oil are going to start seriously "cheating" on their production quotas to try and make up the large deficits accumulating on their balance sheets.

This is a self-fulfilling prophecy when oil begins it's decline. It is hard to stop until it becomes incredibly painful for everyone and we are nowhere near the bottom yet.

I said low $60's for oil but I wouldn't be shocked if it gets down to $55 a barrel.

Coach

11-28-2014 02:15 PM

Hooray for lower gas prices!