Gas Prices
- Thread starter moreluck
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Brownslave688
You want a toe? I can get you a toe.
Holy cow $3.45. Screw that. I haven't paid over $3 since early summer.
Brownslave688
You want a toe? I can get you a toe.
Paid $2.45 after my Kroger discount Friday. Then $2.74 Sunday without the discount.
Brownslave688
You want a toe? I can get you a toe.
USA producers are talking about production cut backs in order to drive prices back UP.
Hopefully this proves that new pipelines and more drilling isnt the ANSWER to lower prices because the industry will manipulate the prices with production no matter how many wells they are digging.
THEY want oil prices above 95 dollars a barrel, and that means 4 bucks to all of us.
The continued blaming of President Obama is debunked by the words of the very industry responsible for ripping us off.
The XL pipeline for example, will have ZERO effect on prices in the USA, and "We" have said this over and over.
Prices for a barrel of oil are staged to hit 75 bucks in the next two weeks, and at that point, USA producers will CUT BACK production and LIMIT supply driving up prices.
Maybe now its time for some of you to embrace alternative energy vehicles, eh?
TOS.
Hopefully this proves that new pipelines and more drilling isnt the ANSWER to lower prices because the industry will manipulate the prices with production no matter how many wells they are digging.
THEY want oil prices above 95 dollars a barrel, and that means 4 bucks to all of us.
The continued blaming of President Obama is debunked by the words of the very industry responsible for ripping us off.
The XL pipeline for example, will have ZERO effect on prices in the USA, and "We" have said this over and over.
Prices for a barrel of oil are staged to hit 75 bucks in the next two weeks, and at that point, USA producers will CUT BACK production and LIMIT supply driving up prices.
Maybe now its time for some of you to embrace alternative energy vehicles, eh?
TOS.
But...isn't the energy revolution in the US about making things better for everyone? ! That's what the commercials say!
Brownslave688
You want a toe? I can get you a toe.
The keystone pipeline would of put thousands of construction workers back to work. That's why it needed to be pushed through.
Are you as dense as you come across? It's not rocket science if the oil companies need $100 a barrel for it to make sense to frack and get oil out of the sand tars. Then yeah they need to cut production if it's no longer profitable.
Are you as dense as you come across? It's not rocket science if the oil companies need $100 a barrel for it to make sense to frack and get oil out of the sand tars. Then yeah they need to cut production if it's no longer profitable.
WOW, you finally get it bro. All these years aguing for it, and now you finally admit its not for american consumption.
Im impressed, maybe we could be friends afterall.
TOS.
Babagounj
Strength through joy
I hear that the Saudis want lower prices to stop US production .
http://www.forbes.com/sites/christo...llers-as-saudis-signal-no-cuts-to-oil-output/
http://www.forbes.com/sites/christo...llers-as-saudis-signal-no-cuts-to-oil-output/
I am not the one who demonstrates "density" on a subject. YOU on the other hand dont understand the oil business.
$100 a barrel is a concocted scheme to rip off the american public. OIL per barrel shouldnt be over 40 dollars a barrel in real dollars. OPEC has CUT BACK production so far, they cant cut anymore without putting their workers out of work.
The only alternative is to drive down the price of oil and maintain market share.
Back in 2011, the saudi prince in charge of OPEC stated that anything over $70 dollars a barrel was nothing more than greed from american oil traders.
There was NEVER an oil shortage like GW BUSH told the USA when prices spiked to $150.00 a barrel during his administraton.
OPEC said in 2011 that prices over $70 dollars a barrel would spawn alternative sources of energy and western countries would then supply the world with oil. Thats exactly what happened.
Prices were allowed to spike under the BUSH administration to the point where they "forced" the government to allow them to increase oil drilling and other sources of drilling in order to sell to the world and not the USA.
Since president Obama took office, the USA has produced more oil in his 6 years than BUSH did in 8. Going further, the USA has EXPORTED more oil than it IMPORTED in the last two years, the first time since 1949.
The goal was always to make the USA the largest exporter of oil to other countries.
Controlling the stock trading price was the way to get there.
YOU can thank Ronald Reagan for that. Oil per barrel was capped at $5 dollars a barrel until he deregulated it.
Now, the traders hold oil over our heads and steal right out of our pockets.
The US oil companies have the technology to keep prices under 2 bucks a gallon, but they WONT.
The XL pipeline is a crock of crap. Its only purpose is to get the oil to the coast, put it on a boat and sell it to china and india.
The oil companies are making tens of billions of dollars and they aint about to reduce that knowing that we will pay 4 bucks a gallon come hell or high water.
As for the construction workers that the XL pipeline would employ, this is nothing compared to the tens of thousands of construction workers that could be employed updating all our roads and bridges if the republicans in congress would only pass Obamas jobs bill.
Of course, the oil industry is as dirty as the oil itself. They speak of cutting back on oil productions to get oil back over $100 a barrel.
That sez it all. They dont care about YOU and YOUR family.
TOS.
Brownslave688
You want a toe? I can get you a toe.
Why should they care about me or my family? That's not how business is ran. I'll agree with you on 1 point. Lots of money needs to be put towards this countries infrastructure.
A Saudi prince talking about greed is laughable.
Oil production is planned years in advance. Obama has nothing to do with the current levels of production. A sitting president can basically only pass laws to decrease production during their presidency. Any increases won't be noticed until someone else is in office.
A Saudi prince talking about greed is laughable.
Oil production is planned years in advance. Obama has nothing to do with the current levels of production. A sitting president can basically only pass laws to decrease production during their presidency. Any increases won't be noticed until someone else is in office.
To the last point first, OBAMA has everything to do with production. He started cancelling off shore leases on oil companies who held the leases but were NOT using the leases. This "use it or lose it" methodology forced the oil companies to DRILL on those leases.
You have to understand one point. PRODUCTION is what drives price. Reducing production and increasing demand while limiting supply is the key to manipulating oil trading price.
This is the methodology of the Reagan era.
This is nothing new.
The saudis since 2011 have wanted oil capped at $70 bucks a barrel, and only AMERICAN OIL GREED has kept prices above those levels.
To your first point, all the reason NOT to support oil industries lies about the XL pipeline.
If the OIL companies cared about americans, they would do all they could to keep the price of a gallon of gas around 2 bucks, I think all americans would be cool with that, and allow them to make a great profit at the same time.
But they dont think that way, they want to make BILLIONS now and they dont care if you have enough food on your table or a full tank of gas.
Why you would support such and industry is something of a mystery. The Xl pipeline will do nothing for the american consumer.
They LIED to the public when they promise lower prices if the XL pipeline went through, knowing all along that they would simply sell that oil to foreign countries.
One has nothing to do with the other.
AMERICAN GREED. The cancer that plagues this country.
TOS.
Brownslave688
You want a toe? I can get you a toe.
American greed is what drives this country and made it the power it is.
Babagounj
Strength through joy
But the XL pipeline jobs promised were for building the pipeline . No one ever said otherwise . Your assumption that the oil was going to lower gas prices is just that your assumption .
The process of building the pipeline would have increased many locate economies and improved quality of life for many .
But no .
bhos had to repay his BFF Soros.
Who owns the freight lines and tanker cars which currently transport the oil .
The process of building the pipeline would have increased many locate economies and improved quality of life for many .
But no .
bhos had to repay his BFF Soros.
Who owns the freight lines and tanker cars which currently transport the oil .
My assumption??
Just go back and read morelocks, oldgrays and the likes posts on this very thread or the xl thread and see what those people were told and believe.
Heck, even fox news surrogates were saying "we would have $2.00 a gallon gas if the pipeline would be built".
Those are flat out lies.
DRILL baby DRILL was a talking point for palin as even SHE said more drilling would bring the cost of fuel down in the United States.
But as we are seeing, the OIL companies dont have that intention.
They will continue to control prices by cutting back production and limiting supply.
Commodities traders will try to keep prices higher no matter how many oil wells are drilled.
TOS.
Gas in California to drop below 3 bucks by next weekend!
Great news for cali drivers! The rest of the country is already there!
Thanks President Obama for forcing the industry to put up or shut up.
TOS.
Great news for cali drivers! The rest of the country is already there!
Thanks President Obama for forcing the industry to put up or shut up.
TOS.
Babagounj
Strength through joy
These countries are getting killed by cheap oil prices
The price is not right for many oil rich nations.
Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order to balance their budgets.
Iran's budget, for example, is built on oil at $135 dollars per barrel, according to data from Deutsche Bank and Thomson Reuters compiled by DoubleLine Capital.
There's speculation that Saudi Arabia is refusing to cut supply in order to squeeze Iran. The two countries from opposing Islamic denominations are vying aggressively for dominance in the Middle East.
Budget squeeze: Low oil prices may force some governments to make tough cuts. Venezuela heavily subsidizes the cost of gasoline. A gallon usually costs drivers around seven cents, Terzic noted.
Already facing declining oil production, skyrocketing inflation, and dwindling foreign exchange reserves, the nation's socialist government may be forced to look at its budget to see what it can cut without roiling the public.
In Russia, finance minister Anton Siluanov is already talking about the need to cut spending by 10%. "The budget can not constantly have expenses that were made at different economic reality," he recently told the Russian parliament.
Russia has oil budgeted at $100, while Saudi Arabia will break even at $95 per barrel.
The price is not right for many oil rich nations.
Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order to balance their budgets.
Iran's budget, for example, is built on oil at $135 dollars per barrel, according to data from Deutsche Bank and Thomson Reuters compiled by DoubleLine Capital.
There's speculation that Saudi Arabia is refusing to cut supply in order to squeeze Iran. The two countries from opposing Islamic denominations are vying aggressively for dominance in the Middle East.
Budget squeeze: Low oil prices may force some governments to make tough cuts. Venezuela heavily subsidizes the cost of gasoline. A gallon usually costs drivers around seven cents, Terzic noted.
Already facing declining oil production, skyrocketing inflation, and dwindling foreign exchange reserves, the nation's socialist government may be forced to look at its budget to see what it can cut without roiling the public.
In Russia, finance minister Anton Siluanov is already talking about the need to cut spending by 10%. "The budget can not constantly have expenses that were made at different economic reality," he recently told the Russian parliament.
Russia has oil budgeted at $100, while Saudi Arabia will break even at $95 per barrel.
