Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 01-31-2013, 06:21 AM  
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 
Join Date: Oct 2006
Location: Springpatch
Casino cash: $1208978
Why haven't oil prices dropped like a rock?

So I admit I know very little when it comes to this subject. But weren't we told "drill baby drill" going back as far as the 2008 GOP convention, and that an oil surge from something like the Keystone Pipeline would drop gas prices down to something ridiculous like $2/gallon?

I never believed that rosy scenerio, but we've gotten the most promising news in energy independence this past year when it has now been projected for America to overtake Saudi Arabia in oil production.

So here we are, projected to be the global leader in oil production. Something that not even the Keystone Pipeline could have achieved, and goes beyond even its rosy projections in terms of oil generated for American usage.

Oil prices have largely held, have they not? My understanding (limited as it is) is that oil is priced based on the projection of how much we'll be able to acquire in the future:

Quote:
There are many factors that commodities traders look at when developing the bids that create oil prices:
  • Current supply in terms of output, especially the production quota set by OPEC. If traders believe supply will decline, they bid the price up. If they believe supply will increase, they willing to pay as much for oil, and the price falls.
  • Oil reserves, including what is available in U.S. refineries and what is stored at the Strategic Petroleum Reserves. These reserves can be accessed very easily, and can add to the oil supply if prices get too high. Saudi Arabia also has a large reserve capacity. If it promises to tap those reserves, traders allow oil prices to fall.
  • Oil demand, particularly from the U.S. These estimates are provided monthly by the Energy Information Agency . Demand usually rises during the summer vacation driving season. To predict summer-time demand, forecasts for travel from AAA are used to determine potential gasoline use. During the winter, weather forecasts are used to determine potential home heating oil use.
Our current supply is increasing, our reserves are or will be increasing.

So what's the story on this?

Thanks in advance.
Posts: 43,702
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 09:36 AM   #16
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Location: Overland Park
Casino cash: $1238394
I remember in 2008 when I got laid off; we we lived about 35-40 miles from work; our fuel bill each month was around $450-500/mo.....and that was when gas was around $2.50 i think.

I'd hate to think what our fuel bill would be now, or in the future had we stayed there.
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.
Posts: 25,059
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 11:07 AM   #17
bevischief bevischief is offline
....
 
bevischief's Avatar
 

Join Date: Apr 2009
Location: North Dakota
Casino cash: $1018288320
Quote:
Originally Posted by Stewie View Post
Oil production increases mean nothing when refinery capacity isn't allowed grow.
Bingo. A lot of the new oil is sold to other countries as well.
__________________
Why
Posts: 24,171
bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.bevischief is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 01:28 PM   #18
RaiderH8r RaiderH8r is offline
Now it's Willie Time!
 
RaiderH8r's Avatar
 

Join Date: Jun 2004
Location: Beating hippies
Casino cash: $49718
Crude oil remains a global commodity. If you want to see what happens to an energy price when America truly commits itself to producing I give you the natural gas prices here.

http://www.eia.gov/dnav/ng/hist/n9190us3a.htm

You see the trend from when unconventional production takes off to now and the price drops roughly 50% to today's price. Natural gas is a regional market, meaning we don't currently have export facilities to scale. Hell, before 2008 companies were investing in LNG import terminals to bring crude to the US market. Lo and behold we find ourselves in an energy revolution and the prices come down. As America continues (or damn well ****ing should) produce unconventional crude oil to put on the global market prices will come down and/or America will reap the benefit of high prices and the infusion of the corresponding foreign capital. That is if we don't **** it up. Face it, idiot ****ing liberals will **** this up. Dumbasses.
__________________
You may think RaiderH8r is just a thinker. But Im not just a thinker. Im a doer. Every day I go out there, and rev that engine, fire it up, grab a hold of that line between speed and chaos, and wrestle it to the ground like a demon cobra. And when the fear rises up in my belly, I use it. Fear is powerful, because its been there for billions of years. And it is good. And I use it. And I ride it; I ride it like a skeleton horse through the gates of hell.
Posts: 3,187
RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-31-2013, 01:59 PM   #19
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $212748
The price per gallon of gas at the pump is subject to a massive number of variables, and US production of crude isn't directly corollary to pump prices.
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 32,947
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 01-31-2013, 02:05 PM   #20
Iowanian Iowanian is offline
Assemble
 
Iowanian's Avatar
 

Join Date: Aug 2000
Location: The Jolly Barnyard
Casino cash: $102188
Insert ObamaSong here.
__________________
"Silence is Golden. Duct Tape is silver"
Posts: 49,432
Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 02:14 PM   #21
HemiEd HemiEd is offline
Hummingbird watcher
 
HemiEd's Avatar
 

Join Date: Dec 2004
Location: Ozarks
Casino cash: $7245982
Quote:
Originally Posted by Stewie View Post
Oil production increases mean nothing when refinery capacity isn't allowed grow.
This and the fact that it is a world market, where we are no longer the pandered to or preferred consumer.
Posts: 24,426
HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.
  Reply With Quote
Old 01-31-2013, 03:20 PM   #22
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $212748
Quote:
Originally Posted by petegz28 View Post
It's almost like clockwork

You understand that the President doesn't have much/any control over short term oil prices? That worldwide, integrated, highly sophisticated commodities markets determine the prices for crude and that car gasoline, which is only one of MANY byproducts of crude oil, is subject to many additional factors affecting price, including refining capacity?

Or, of course, it's a conspiracy...
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 32,947
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 01-31-2013, 03:24 PM   #23
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $260862
Quote:
Originally Posted by Amnorix View Post
You understand that the President doesn't have much/any control over short term oil prices? That worldwide, integrated, highly sophisticated commodities markets determine the prices for crude and that car gasoline, which is only one of MANY byproducts of crude oil, is subject to many additional factors affecting price, including refining capacity?

Or, of course, it's a conspiracy...
I never said Obama had anything to do with the weak $, did I?
__________________
"Finally, anyone who uses the terms, irregardless, a whole nother, or all of a sudden shall be sentenced to a work camp."

Stewie Griffin
Posts: 64,839
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 03:51 PM   #24
RNR RNR is offline
Ok which door do I leave from
 
RNR's Avatar
 

Join Date: Sep 2001
Location: Close to the big pond~
Casino cash: $34863
Quote:
Originally Posted by Amnorix View Post
You understand that the President doesn't have much/any control over short term oil prices? That worldwide, integrated, highly sophisticated commodities markets determine the prices for crude and that car gasoline, which is only one of MANY byproducts of crude oil, is subject to many additional factors affecting price, including refining capacity?

Or, of course, it's a conspiracy...
Gee the left seemed to think he did until their boy got elected~
__________________

"If its true that our species is alone in the universe, then Id have to say that the universe aimed rather low and settled for very little"
George Carlin~
Posts: 23,891
RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 03:52 PM   #25
theelusiveeightrop theelusiveeightrop is offline
Spiraling down the Drain
 
theelusiveeightrop's Avatar
 

Join Date: Oct 2012
Location: Dante's Ninth Circle
Casino cash: $106497
Ride a bicycle.
__________________
"We're both part of the same hypocrisy, Senator, but never think it applies to my family."

2014 Adopt a Chief - Travis Kelce #87
Posts: 19,127
theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.theelusiveeightrop is obviously part of the inner Circle.
  Reply With Quote
Old 01-31-2013, 05:09 PM   #26
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $1069929
Quote:
Originally Posted by RaiderH8r View Post
Crude oil remains a global commodity. If you want to see what happens to an energy price when America truly commits itself to producing I give you the natural gas prices here.

http://www.eia.gov/dnav/ng/hist/n9190us3a.htm

You see the trend from when unconventional production takes off to now and the price drops roughly 50% to today's price. Natural gas is a regional market, meaning we don't currently have export facilities to scale. Hell, before 2008 companies were investing in LNG import terminals to bring crude to the US market. Lo and behold we find ourselves in an energy revolution and the prices come down. As America continues (or damn well ****ing should) produce unconventional crude oil to put on the global market prices will come down and/or America will reap the benefit of high prices and the infusion of the corresponding foreign capital. That is if we don't **** it up. Face it, idiot ****ing liberals will **** this up. Dumbasses.
And you're a dipshit for insinuating that we have oil reserves comparable to our NG reserves.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 16,851
KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-31-2013, 05:20 PM   #27
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $1069929
But there are several reasons why oil won't drop.

1. Quantitative Easing: All that money has to go somewhere. Correlations between asset classes are pushing towards 1.

2. The growth of the futures market: There has been a tremendous growth in prop trading, managed futures accounts, ETFs that track commodities, mutual funds that focus on commodities and real estate in a "real return" strategy. Oil futures need to have their trading curbed immediately (not eliminated, position limits, limitations on the type of players that can buy the contracts, etc). It's ridiculous that such a vital commodity can be pushed around by people with no interest in the underlying commodity.

3. Global commodity. We are not the only country that uses a lot of oil.

4. Refining capacity: The oil companies (at least domestically) have been strategic about their capacity for refining. They have abused regulations in an attempt to blame the lack of capacity on EPA regs so they can eliminate current regs. When they were buying up all the small refiners they could, there should have been FTC inquiries. The only refiners that I'm aware of currently are all captive of the big oil companies.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 16,851
KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-31-2013, 05:29 PM   #28
RaiderH8r RaiderH8r is offline
Now it's Willie Time!
 
RaiderH8r's Avatar
 

Join Date: Jun 2004
Location: Beating hippies
Casino cash: $49718
Quote:
Originally Posted by KC native View Post
And you're a dipshit for insinuating that we have oil reserves comparable to our NG reserves.
No, I am illustrating that the market does work because the OP implies it doesn't and that there is something more nefarious going on.

And our crude reserve base is ever expanding. The Bakken has been producing for almost 15 years and we still haven't clearly established the width or breadth of the formation, let alone the benches.

Check out the Monterrey shale in CA which is on par with the Bakken as well as Eagle Ford, Utica, Mississippi Lime and we quickly ramp up a tremendous reserve base in these unconventional plays. The basis for calculating reserve estimates is outdated and very conservative. And this is just onshore. America's energy potential to develop these plays is simply stunning. We commit to developing these plays and we will lead the world in crude production within a decade.

Oh, and get bent.
__________________
You may think RaiderH8r is just a thinker. But Im not just a thinker. Im a doer. Every day I go out there, and rev that engine, fire it up, grab a hold of that line between speed and chaos, and wrestle it to the ground like a demon cobra. And when the fear rises up in my belly, I use it. Fear is powerful, because its been there for billions of years. And it is good. And I use it. And I ride it; I ride it like a skeleton horse through the gates of hell.
Posts: 3,187
RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-31-2013, 05:31 PM   #29
RaiderH8r RaiderH8r is offline
Now it's Willie Time!
 
RaiderH8r's Avatar
 

Join Date: Jun 2004
Location: Beating hippies
Casino cash: $49718
Quote:
Originally Posted by KC native View Post
But there are several reasons why oil won't drop.

1. Quantitative Easing: All that money has to go somewhere. Correlations between asset classes are pushing towards 1.

2. The growth of the futures market: There has been a tremendous growth in prop trading, managed futures accounts, ETFs that track commodities, mutual funds that focus on commodities and real estate in a "real return" strategy. Oil futures need to have their trading curbed immediately (not eliminated, position limits, limitations on the type of players that can buy the contracts, etc). It's ridiculous that such a vital commodity can be pushed around by people with no interest in the underlying commodity.

3. Global commodity. We are not the only country that uses a lot of oil.

4. Refining capacity: The oil companies (at least domestically) have been strategic about their capacity for refining. They have abused regulations in an attempt to blame the lack of capacity on EPA regs so they can eliminate current regs. When they were buying up all the small refiners they could, there should have been FTC inquiries. The only refiners that I'm aware of currently are all captive of the big oil companies.
Marathon and Conoco just spun off their downstream assets and Valero is still a thriving independent refiner.
__________________
You may think RaiderH8r is just a thinker. But Im not just a thinker. Im a doer. Every day I go out there, and rev that engine, fire it up, grab a hold of that line between speed and chaos, and wrestle it to the ground like a demon cobra. And when the fear rises up in my belly, I use it. Fear is powerful, because its been there for billions of years. And it is good. And I use it. And I ride it; I ride it like a skeleton horse through the gates of hell.
Posts: 3,187
RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-31-2013, 05:32 PM   #30
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $1069929
Quote:
Originally Posted by RaiderH8r View Post
No, I am illustrating that the market does work because the OP implies it doesn't and that there is something more nefarious going on.

And our crude reserve base is ever expanding. The Bakken has been producing for almost 15 years and we still haven't clearly established the width or breadth of the formation, let alone the benches.

Check out the Monterrey shale in CA which is on par with the Bakken as well as Eagle Ford, Utica, Mississippi Lime and we quickly ramp up a tremendous reserve base in these unconventional plays. The basis for calculating reserve estimates is outdated and very conservative. And this is just onshore. America's energy potential to develop these plays is simply stunning. We commit to developing these plays and we will lead the world in crude production within a decade.

Oh, and get bent.
Just because it can be recovered, doesn't make it cheap. But carry on, acting like extracting oil at a loss will lower oil prices is brilliant.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 16,851
KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 09:28 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.