So then won't the layoffs also only be temporary?
Gas Prices
- Thread starter moreluck
- Start date
MAKAVELI
Well-Known Member
The article stated job cuts, not layoffs. Sounds more than temporary. They would just enjoy the huge profits made by increased fuel prices.
And skip out on further exploration / exploitation? What country have you mistaken this for?
MAKAVELI
Well-Known Member
I think they like profit more than exploration.
Well it is a global market. The mantra was that US drilling would drop prices. When the price goes up again, the wells will be tapped again.
BrownArmy
Well-Known Member
Uniformed guess...not you.
Well, the world continues to build on th GLUT of oil. TODAY, OPEC REFUSED to cut production and oil has plunged to a 4 year low today dropping below $70 a barrel.
http://money.cnn.com/2014/11/27/investing/oil-prices-opec-crude/index.html
The great scam is over (for now) no longer can USA oil producers rip off americans on gas.
It has always been told to us that the price of oil depended on supply v demand, but as we see, this is not true, like "we" have always known.
Its about production and controlling inventories.
By falsely creating shortages in inventories, the USA producers have been able to rip off customers for years going back to the BUSH administration.
But now, being forced to use land leases for production by President Obama, the USA is now over producing oil to the point where the world has more oil than it knows what to do with.
Crazy talk like the XL pipeline would make a difference is laughable now in light of the current state of inventories.
Look for oil to plunge below $60 bucks a barrel in the coming months.
TOS.
(funny how when oil is high, moreluck has this thread on the first page, and now it relegated to page 5)
http://money.cnn.com/2014/11/27/investing/oil-prices-opec-crude/index.html
The great scam is over (for now) no longer can USA oil producers rip off americans on gas.
It has always been told to us that the price of oil depended on supply v demand, but as we see, this is not true, like "we" have always known.
Its about production and controlling inventories.
By falsely creating shortages in inventories, the USA producers have been able to rip off customers for years going back to the BUSH administration.
But now, being forced to use land leases for production by President Obama, the USA is now over producing oil to the point where the world has more oil than it knows what to do with.
Crazy talk like the XL pipeline would make a difference is laughable now in light of the current state of inventories.
Look for oil to plunge below $60 bucks a barrel in the coming months.
TOS.
(funny how when oil is high, moreluck has this thread on the first page, and now it relegated to page 5)
UpstateNYUPSer(Ret)
Well-Known Member
$2.62/gallon in Iowa.
Wish I could bring some home with me on the plane as were are still at $3.22/gallon.
Wish I could bring some home with me on the plane as were are still at $3.22/gallon.
OIL continues to get crushed on the stock market today and not a peep of thanks from Moreluck...
http://finance.yahoo.com/news/oil-steadies-near-four-low-162038436.html
I guess she only cares when it goes up and not down.
TOS.
http://finance.yahoo.com/news/oil-steadies-near-four-low-162038436.html
I guess she only cares when it goes up and not down.
TOS.
Babagounj
Strength through joy
Sorry but she's out filling up the Prius .
rod
Retired 23 years
Our local Costco had an unadvertised black Friday special today--an extra 20 cents off a gallon which brought it down to $2.47 a gallon. I kiddingly gave them hell for charging too much because when I left Duluth Minnesota this morning every station I saw was at $2.45 cents a gallon.
Z
ZQXC
Guest
saw $2.27 this week
Boone T. Pickens admits oil companies in the USA have already CAPPED 60 oil rigs in an effort to reduction production and drive the price of oil back up towards $90 dollars a barrel.
This manipulation continues and to believe the rhetoric from the right wing that oil companies want to drill baby drill, what we see unfolding before our eyes is the greediest people in the world attempting to manipulate the stock price and screw the american public.
Oil companies will continue to cut production and close wells off in order to reduce supplies and force demand to exceed supply causing the stock price to rise.
Pipelines, drill baby drill and any other claim is all hogwash.
The last thing the oil companies want is prices at the pump below 3 dollars.
If you think otherwise, then you are simply foolish.
What we are seeing is the effects of free market capitalism at work in a real sense. The rich get richer and the poor get poorer.
Oil executives are losing millions in bonuses because of the drop in the price per barrel.
Keeping oil above the $90 dollar a barrel threshold only guarantees oil executives with pay in the 100's of million dollar range. It has nothing to do with operating costs and everything to do with greed.
Sanctioned greed.
This is how Pickens got so rich, screwing americans.
They shut off wells and limit supply.
Oil should always be below 50 bucks a barrel.
TOS.
This manipulation continues and to believe the rhetoric from the right wing that oil companies want to drill baby drill, what we see unfolding before our eyes is the greediest people in the world attempting to manipulate the stock price and screw the american public.
Oil companies will continue to cut production and close wells off in order to reduce supplies and force demand to exceed supply causing the stock price to rise.
Pipelines, drill baby drill and any other claim is all hogwash.
The last thing the oil companies want is prices at the pump below 3 dollars.
If you think otherwise, then you are simply foolish.
What we are seeing is the effects of free market capitalism at work in a real sense. The rich get richer and the poor get poorer.
Oil executives are losing millions in bonuses because of the drop in the price per barrel.
Keeping oil above the $90 dollar a barrel threshold only guarantees oil executives with pay in the 100's of million dollar range. It has nothing to do with operating costs and everything to do with greed.
Sanctioned greed.
This is how Pickens got so rich, screwing americans.
They shut off wells and limit supply.
Oil should always be below 50 bucks a barrel.
TOS.
Oil exec gets pay cut
http://www.marketwatch.com/story/oi...ns-predicts-return-to-100-a-barrel-2014-12-02
http://www.marketwatch.com/story/oi...ns-predicts-return-to-100-a-barrel-2014-12-02
