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Old 04-23-2007, 09:40 AM  
Donger Donger is online now
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 12-19-2008, 09:47 PM   #1591
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Heh, we shall see..........

I have to figure out how to pitch a hard luck story and get a few million sent my direction.
You do realize that if GM and Chrysler went under it would also hurt Toyota, Honda and Nissan don't you? It would also spiral us quickly into a depression.
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Old 12-19-2008, 10:50 PM   #1592
Skip Towne Skip Towne is offline
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I just saw on the evening news that OPEC is mad at Oklahoma. Cushing, Oklahoma in particular. They said Cushing is the largest oil storage facility in the world. It is reaching record capacities and could be completely full within two weeks. So get down there and suck my dick or you'll freeze to death in the dark.

Last edited by Skip Towne; 12-19-2008 at 11:28 PM..
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Old 12-19-2008, 11:40 PM   #1593
jjchieffan jjchieffan is offline
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Could be funny except that did not ask for money from the 'bailout'. They have changed the way they do business and actually have enough to ride out the financial crisis for the near future.
I believe it was Teddy Roosevelt that once said "What is good for general bullmoose is good for the economy" referring to GM. It has been a long standing economic belief that in order to serve the needs of American family, that we must first look after the needs of corporate America. They are the driving force of the economy. They create jobs, and put Billions of dollars into the economy. The bailout is putting that belief to practice. If the big 3 go under, it would have a devastating effect on the economy.
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Old 12-22-2008, 03:14 PM   #1594
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Crude down $2.46 (7.26%) @ $31.41

Damn.
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Old 12-22-2008, 03:16 PM   #1595
Dicky McElephant Dicky McElephant is offline
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Quote:
Originally Posted by Donger View Post
Crude down $2.46 (7.26%) @ $31.41

Damn.
Damn is right. How far is this shit going to fall?

Interesting note....gas is up 7 cents here.
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Old 12-22-2008, 03:17 PM   #1596
BigMeatballDave BigMeatballDave is online now
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Originally Posted by Donger View Post
Crude down $2.46 (7.26%) @ $31.41

Damn.
Its been 5 years since its been this low.
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Old 12-22-2008, 03:17 PM   #1597
BigMeatballDave BigMeatballDave is online now
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Originally Posted by pestilenceaf23 View Post
Damn is right. How far is this shit going to fall?

Interesting note....gas is up 7 cents here.
Yeah. ****ing Holiday price gouging.
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Old 12-22-2008, 03:19 PM   #1598
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Originally Posted by pestilenceaf23 View Post
Damn is right. How far is this shit going to fall?

Interesting note....gas is up 7 cents here.
I have no idea. I thought it would bottom out in the $60-$70 range, so that shows what I know.
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Old 12-22-2008, 03:20 PM   #1599
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Is anyone making car trips this Christmas that you would not have if gasoline was still $4.00?
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Old 12-22-2008, 03:20 PM   #1600
Dicky McElephant Dicky McElephant is offline
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Originally Posted by Donger View Post
I have no idea. I thought it would bottom out in the $60-$70 range, so that shows what I know.
I never thought I'd see gas below $3.00 a gallon in my lifetime after it hit $4.00.
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Old 12-22-2008, 03:21 PM   #1601
BigMeatballDave BigMeatballDave is online now
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I have no idea. I thought it would bottom out in the $60-$70 range, so that shows what I know.
I can't imagine it falling under $20. Then again, I didn't think we'd see gas under $2.
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Old 12-22-2008, 03:21 PM   #1602
Donger Donger is online now
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I never thought I'd see gas below $3.00 a gallon in my lifetime after it hit $4.00.
Bah, I did. $147 crude was grossly overpriced.
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Old 12-22-2008, 03:24 PM   #1603
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Is there actually a chance to see gas below a buck a gallon? The lowest I've seen here is 1.29, then it took its usual holiday hike to 1.39.
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Old 12-22-2008, 03:24 PM   #1604
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There really are three factors at play in this decline:

1) End of speculation driving up crude to artificial highs.

2) Decreased demand, here and abroad.

3) The recession.

Hard to say which came first or which caused which. The bottom line is: keep demand low if you want lower gas prices. I do think crude is under-valued now, which will prohibit new E&P. That's not good.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 12-22-2008, 03:31 PM   #1605
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Is there actually a chance to see gas below a buck a gallon? The lowest I've seen here is 1.29, then it took its usual holiday hike to 1.39.
National retail average? I doubt it. We are at $1.65 right now. In the Midwest? If crude gets to the $25 range, yes.
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