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

Well, it's exposed the weakness of our position. Our domestic output has been extraordinary, but it isn't economically-viable when crude is low. That's what I've been mentioning over the last year or so in this thread.

Crude plummeting isn't really a good thing all around.

Other than some jobs being lost I'm failing to see what's bad about it.

Donger

11-30-2014 06:28 PM

Quote:

Originally Posted by Baconeater (Post 11154710)

Other than some jobs being lost I'm failing to see what's bad about it.

That the Saudis/OPEC can attack and beat our "energy independence" that has been touted.

DaneMcCloud

11-30-2014 06:31 PM

Quote:

Originally Posted by Baconeater (Post 11154666)

It's not a bad deal, but we have to spend $1,000/mo to get that much of a discount.

Whoa. That would take a family of six or more, wouldn't it?

I do the majority of shopping at Costco and supplement it with Target/Ralphs. We're barely spending $800 a month on those expenses, which includes diapers, wipes, TP, paper towels, napkins, dishwashing soap, dishwasher soap, laundry detergent, etc.

Bugeater

11-30-2014 06:32 PM

Quote:

Originally Posted by Donger (Post 11154727)

That the Saudis/OPEC can attack and beat our "energy independence" that has been touted.

So what? We know we can be independent if we need to. Like a previous poster mentioned, sit on ours why they pump out theirs at a lower price.

Donger

11-30-2014 06:35 PM

Quote:

Originally Posted by Baconeater (Post 11154751)

So what? We know we can be independent if we need to. Like a previous poster mentioned, sit on ours why they pump out theirs at a lower price.

We don't have the refining capacity to be completely independent. We also don't have the crude production required to be independent.

The really good other thing about our increased production has been on the global spare capacity. Our increased production has made that spare global capacity increase, and will lessen the shock out of crude pricing in the event of an event with other producers.

Bugeater

11-30-2014 06:37 PM

Quote:

Originally Posted by DaneMcCloud (Post 11154739)

lol no, just us two for the most part. We like to eat and don't cut many corners when it comes to food. Plus my son works there, we get a 10% family discount so we buy booze and a lot of nonfood items as well.

Guru does have a family of six though, so he does it more out of necessity.

Buzz	11-30-2014 06:37 PM

Quote:

Originally Posted by Baconeater (Post 11154751)

So what? We know we can be independent if we need to. Like a previous poster mentioned, sit on ours why they pump out theirs at a lower price.

Because Donger has wood for high oil prices, in the mean time, I'm going to enjoy it.

BigMeatballDave

11-30-2014 06:56 PM

Quote:

Originally Posted by Donger (Post 11154702)

We don't export crude. It isn't permitted, by law, with a dew execeptions. Some have been suggesting that change, however.

I never knew this. Robert Menendez is a ****ing moron.

Quote:

But not everyone's convinced. Sen. Robert Menendez (D-N.J.) has argued that the export ban was put in place back in the 1970s to "protect U.S. consumers from volatility and price spikes." Allowing more exports, he argued, might cause U.S. gasoline prices to rise and hurt American consumers. And some environmental groups are leery of boosting fossil-fuel production even further.

Hydrae

11-30-2014 07:11 PM

Quote:

Originally Posted by scho63 (Post 11154344)

You must still read newspapers to get your current news, send all your bills by checks and the snail mail, use AOL dial up, have a push button home phone on the wall and have TV antennas for your 13 channels. :eek:

Your "news" is completely wrong.

Buttons on a phone? :spock: Not sure if serious...

scho63

12-01-2014 05:11 AM

Here Are The Breakeven Oil Prices For Every Drilling Project In The World

http://www.businessinsider.com/citi-...prices-2014-11

There is a better graphic online somewhere else for the second chart-I just can't remember this early in the a.m.

jjchieffan

12-01-2014 09:01 AM

Regular unleaded $2.32/ gallon in Republic, MO this morning. $2.27 at Walmart if you use your Walmart card.

Donger

12-08-2014 08:22 AM

Crude trading below $65 right now at $64.28. Gasoline at a four-year low at $2.66.

scho63

12-08-2014 01:42 PM

1 Attachment(s)

Crude still plunging! YEAH!!!! $63.31 DOWN OVER $2 A BARREL

Oil per barrel prices in the $50's very much in target. The glut with over production and quota cheating along with the strong US dollar is going to keep serious pressure on this market.

Oil has much further to plunge because the best part is that ALL the so called experts are now trying to predict a floor and saying oil is a screaming BUY. It never is when everyone agrees.

$1.75 - $2.00 a gallon gas is on it's way back....

This is a huge "TAX CUT" or "STIMULUS" for America. $350-$375 MILLION DOLLARS A DAY of extra money. How the hell can't that help???

Our company is saving over $3,000 a month in fuel costs!

HAPPY BIRTHDAY TO US!

lawrenceRaider

12-08-2014 01:53 PM

Quote:

Originally Posted by Baconeater (Post 11154710)

Other than some jobs being lost I'm failing to see what's bad about it.

Quote:

Originally Posted by Donger (Post 11154727)

That the Saudis/OPEC can attack and beat our "energy independence" that has been touted.

I read the other day that the cost of US based oil is much lower than previously thought, and that most could make a profit it it were at $40/barrel.

morphius

12-08-2014 02:01 PM

Quote: