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Old 04-23-2007, 08:40 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.

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Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 02-24-2011, 05:07 PM   #2311
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Originally Posted by Mr. Flopnuts View Post
I thought so. I've heard that if those guys shut down, oil immediately spikes to over $200 a barrel. $10 gallons of gas would be right around the corner.
As I said earlier, even a revolt in the Kingdom could push crude to $140-$150 easily. If the flow actually stopped?

I don't even want to contemplate it.
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Old 02-24-2011, 05:08 PM   #2312
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I am slow as hell, I won't press the issue.
Hell, I don't know. Bugeater said it, and it sounded cool.
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Well I was gonna blow and swallow instead of the usual gag and spit. But now it will be neither.
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Old 02-24-2011, 05:09 PM   #2313
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Originally Posted by Donger View Post
As I said earlier, even a revolt in the Kingdom could push crude to $140-$150 easily. If the flow actually stopped?

I don't even want to contemplate it.
Sounds like now is a good time to go buy a bicycle.
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Well I was gonna blow and swallow instead of the usual gag and spit. But now it will be neither.
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Old 02-24-2011, 05:09 PM   #2314
R8RFAN R8RFAN is offline
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Quote:
Originally Posted by Donger View Post
As I said earlier, even a revolt in the Kingdom could push crude to $140-$150 easily. If the flow actually stopped?

I don't even want to contemplate it.
USA would get involved if the public protested in Saudi Arabia like they are doing in Libya and Cairo
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Old 02-24-2011, 05:12 PM   #2315
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Quote:
Originally Posted by Mr. Flopnuts View Post
Sounds like now is a good time to go buy a bicycle.
I hopeful that this issue in Libya gets resolved (like in Egypt) and crude loses its present panic price factor, dropping back down to around $90 or lower.

But, all eyes should be on the Kingdom. They control 20% of the world's reserves and output about five times what Libya does a day.
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Old 02-24-2011, 05:13 PM   #2316
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Originally Posted by Donger View Post
I hopeful that this issue in Libya gets resolved (like in Egypt) and crude loses its present panic price factor, dropping back down to around $90 or lower.

But, all eyes should be on the Kingdom. They control 20% of the world's reserves and output about five times what Libya does a day.
From what I understand we don't get the bulk of our oil from there, most of it comes from Canada Mexico and Venezuela
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Old 02-24-2011, 05:13 PM   #2317
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Originally Posted by Mr. Flopnuts View Post
Sounds like now is a good time to go buy a bicycle.
Oh god, don't be "ride a bike instead" guy. That is not a feasible alternative to driving a car.
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Old 02-24-2011, 05:14 PM   #2318
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Originally Posted by R8ers View Post
USA would get involved if the public protested in Saudi Arabia like they are doing in Libya and Cairo
And do what? The market determines the price and the market is damn jumpy right now. ANY protests or even a THREAT to the Kingdom's production and exports would be a really bad thing.
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Old 02-24-2011, 05:15 PM   #2319
R8RFAN R8RFAN is offline
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Originally Posted by Donger View Post
And do what? The market determines the price and the market is damn jumpy right now. ANY protests or even a THREAT to the Kingdom's production and exports would be a really bad thing.
They would bring in the military to prevent sabotage of the oil flow and try to prevent fires
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Old 02-24-2011, 05:16 PM   #2320
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Originally Posted by R8ers View Post
From what I understand we don't get the bulk of our oil from there, most of it comes from Canada Mexico and Venezuela
I haven't looked recently, but Canada and Mexico used to be the top two import countries, followed by SA.

Regardless, crude is a globally-traded commodity. It would have a massive impact on what "we" pay at the pump.
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Old 02-24-2011, 05:16 PM   #2321
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They would bring in the military to prevent sabotage of the oil flow and try to prevent fires
I'm not sure about that.
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Old 02-24-2011, 05:17 PM   #2322
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They would bring in the military to prevent sabotage of the oil flow and try to prevent fires
The US needs to stay the **** away from these protests.
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Old 02-24-2011, 05:17 PM   #2323
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I'm not sure about that.
They wouldn't let them blow up the wells man... They saved Kuwaits bacon, they will do the same for SA
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Old 02-24-2011, 05:18 PM   #2324
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The US needs to stay the **** away from these protests.
Sad to say it but if the USA does not get involved, we may very well see 10.00 a gallon gas
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Old 02-24-2011, 05:20 PM   #2325
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They wouldn't let them blow up the wells man... They saved Kuwaits bacon, they will do the same for SA
I don't see why any revolt by the Saudi population would include them destroying by far their biggest source of wealth.

Retreating Iraqis set fire to Kuwait's production as a method of scorched earth.
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