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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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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.

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Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 12-22-2008, 03:44 PM   #1606
Skip Towne Skip Towne is offline
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Originally Posted by Donger View Post
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.
I've had a couple of farmers tell me they are shutting down their stripper wells until the price goes back up.
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Old 12-22-2008, 03:48 PM   #1607
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I've had a couple of farmers tell me they are shutting down their stripper wells until the price goes back up.
What! No more strippers!! DAMMIT PEOPLE!!!!


...I'm guessing that's a different kind of stripper...
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Old 12-22-2008, 04:31 PM   #1608
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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.
The good thing though, is that while prices were high, alot was invested in finding alternative fuels, and people changed their driving habits. Everyone has seen what can happen, so I believe that this will continue. Hopefully, the development of alternative fuels will offset any E&P not being done due to lower oil prices.
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Old 12-29-2008, 11:48 AM   #1609
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Crude trading up today. Up $6.02 (18.61%) @ $38.37 right now.
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Old 12-29-2008, 03:59 PM   #1610
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Ick. Crude closed up $7.67 (23.71%) at $40.02
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Old 12-29-2008, 04:02 PM   #1611
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Ick. Crude closed up $7.67 (23.71%) at $40.02
Special thanks to all our pals in the Middle East blasting the shit out of each other.
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Old 12-29-2008, 04:07 PM   #1612
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Ick. Crude closed up $7.67 (23.71%) at $40.02
According to CNBC it increased 2.52
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Old 12-29-2008, 04:08 PM   #1613
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Special thanks to all our pals in the Middle East blasting the shit out of each other.
It seems to be just another excuse to bump up the price. Once another report comes out about the stock pile of reserves or how crappy the economy is the price will fall back down.
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Old 12-29-2008, 04:52 PM   #1614
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According to CNBC it increased 2.52
Hmmm. Maybe I did my math wrong.
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Old 12-29-2008, 04:54 PM   #1615
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Old 12-29-2008, 06:30 PM   #1616
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According to CNBC it increased 2.52
2.31 actually, per my source

http://futures.tradingcharts.com/mar...php3?market=CL
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Old 12-31-2008, 02:44 PM   #1617
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Crude up $5.57 (14.27%) at $44.60
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Old 01-03-2009, 11:22 AM   #1618
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Old 01-03-2009, 11:40 AM   #1619
Skip Towne Skip Towne is offline
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Originally Posted by InChiefsHell View Post
What! No more strippers!! DAMMIT PEOPLE!!!!


...I'm guessing that's a different kind of stripper...
Yep stripper wells are wells producing less than 10 bbl per day. There are thousands of them in OK. They usually shut them down when the price is low.
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Old 01-03-2009, 12:00 PM   #1620
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