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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.

Spoiler!

Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 11-30-2014, 06:24 PM   #4561
Bugeater Bugeater is offline
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Quote:
Originally Posted by Donger View Post
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.
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Old 11-30-2014, 06:28 PM   #4562
Donger Donger is offline
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Quote:
Originally Posted by Baconeater View Post
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.
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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.
 
Old 11-30-2014, 06:31 PM   #4563
DaneMcCloud DaneMcCloud is offline
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Originally Posted by Baconeater View Post
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.
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Old 11-30-2014, 06:32 PM   #4564
Bugeater Bugeater is offline
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Quote:
Originally Posted by Donger View Post
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.
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Old 11-30-2014, 06:35 PM   #4565
Donger Donger is offline
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Quote:
Originally Posted by Baconeater View Post
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.
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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.
 
Old 11-30-2014, 06:37 PM   #4566
Bugeater Bugeater is offline
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Quote:
Originally Posted by DaneMcCloud View Post
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.
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.
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Old 11-30-2014, 06:37 PM   #4567
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Quote:
Originally Posted by Baconeater View Post
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.
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Old 11-30-2014, 06:56 PM   #4568
BigMeatballDave BigMeatballDave is offline
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Quote:
Originally Posted by Donger View Post
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.
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Old 11-30-2014, 07:11 PM   #4569
Hydrae Hydrae is offline
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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.

Your "news" is completely wrong.
Buttons on a phone? Not sure if serious...
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Old 12-01-2014, 05:11 AM   #4570
scho63 scho63 is offline
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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.
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scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.
 
Old 12-01-2014, 09:01 AM   #4571
jjchieffan jjchieffan is offline
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Old 12-08-2014, 08:22 AM   #4572
Donger Donger is offline
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Crude trading below $65 right now at $64.28. Gasoline at a four-year low at $2.66.
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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.
 
Old 12-08-2014, 01:42 PM   #4573
scho63 scho63 is offline
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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!
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scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.scho63 is obviously part of the inner Circle.
 
Old 12-08-2014, 01:53 PM   #4574
lawrenceRaider lawrenceRaider is offline
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Quote:
Originally Posted by Baconeater View Post
Other than some jobs being lost I'm failing to see what's bad about it.
Quote:
Originally Posted by Donger View Post
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.
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Old 12-08-2014, 02:01 PM   #4575
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Originally Posted by lawrenceRaider View Post
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.
Talked to a oil guy last week, and a bunch of the fracking they have down to $20 a barrel.
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