Originally Posted by FD (Post 11586243)

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" - Upton Sinclair

Originally Posted by BigChiefFan (Post 11584915)

I know exactly what I'm talking about. We have a fiat currency which is based heavily on oil. OPEC nations must trade in U.S. dollars, hence the term PETRO Dollars and the discussion of the topic at hand. I wouldn't think I'd have to put something in context in a thread discussing OIL-that should be a given. Our dollar is no longer backed by gold or silver, so what is it based on? If it wasn't heavily tied to oil, the dollar wouldn't be weakening, now would it? The dollar is based on it's role in global trade, which started with OIL.

Originally Posted by ChiTown (Post 11584499)

No. I am a Partner in a business that provides raw materials to the frac industry (materials that get sold to the Pump Co's to go down hole). Our business has been in a major slide since late April/early May

Originally Posted by Buehler445 (Post 11587111)

I don't envy your position. But I can empathize with it. It doesn't take a rocket surgeon to know that ag is pretty volatile too, and times like this are no fun. At least I can hedge and try to do some things with the physical product. But I don't have the capacity to cut big costs.

Best of luck. I mean that sincerely. It's mean out there.

Originally Posted by WilliamTheIrish (Post 11587341)

The price of a bbl drops yesterday and I get 15c spike per gallon around my area on the same day.

Originally Posted by Donger (Post 11587351)

Are you under the impression that crude is traded, refined, distributed and retailed in the space of a day?

Originally Posted by WilliamTheIrish (Post 11587367)

What would make you think that?

Originally Posted by Donger (Post 11587370)

Your post above. Why else would you write what you did?

Originally Posted by WilliamTheIrish (Post 11587379)

1) What in that post specifically?

Originally Posted by WilliamTheIrish (Post 11587379)

2) Because it happened.

Originally Posted by Donger (Post 11587386)

4955. All of it.



Did you notice that the sun set a few seconds earlier than the day before, too?

You either were or weren't attempting to link a daily increase with gasoline with a daily decrease in crude prices. Which is it?

Originally Posted by Donger (Post 11587420)

Meh. If you were just trolling, that's fine. If you were trying to link a daily drop in crude with a local increase in gasoline prices, I'd be happy to explain why that would be wrong.

Either way works for me.