Gas Prices
- Thread starter moreluck
- Start date
Babagounj
Strength through joy
Capping off wells is what The Saudis want .
It's all about market share and which governments they can topple with out firing a shot ; Iran , Venezuela , & Russia will be the first to fail since they have place a high price on oil for their state budgets . They don't have the monies available to with stand the price drop and keep their economies going .
It's all about market share and which governments they can topple with out firing a shot ; Iran , Venezuela , & Russia will be the first to fail since they have place a high price on oil for their state budgets . They don't have the monies available to with stand the price drop and keep their economies going .
http://www.forbes.com/sites/katinas...reshadow-a-slump-in-the-stock-market-in-2015/
According to Forbes, it looks like oil prices won't be going up anytime too soon after all. The oil boom in the US has helped change the that global market possibly long term. And for those concerned about an oil slowdown in the US, the article points out that the US is still poised to pump more than ever before, 9 billion barrels per day.
According to Forbes, it looks like oil prices won't be going up anytime too soon after all. The oil boom in the US has helped change the that global market possibly long term. And for those concerned about an oil slowdown in the US, the article points out that the US is still poised to pump more than ever before, 9 billion barrels per day.
Saudis Try Risky Play To Sink US Oil Producers
HardAssetsInvestor: What's the biggest reason oil prices have dropped so dramatically in recent weeks?
Phil Flynn: If I only have to give you one reason, it would be the rise of U.S. oil production. It’s really changed the world. We also have a slowing global economy, and Saudi Arabia is raising oil production, along with other OPEC members. They wouldn’t be doing that if they weren't concerned about losing market share to non-OPEC producers such as the United States and Russia.
Supply and demand?
This thread was started in 2006 and it was Bush's fault then and Obama's fault most recently, that is if you choose blame who is in office. Gas prices do make good political jousting fodder for those who want to blame a president for something he has no control over.
Congrats to Obama for at least being in office while the prices are getting nice and low, it might even give his approval rating a bump.
HardAssetsInvestor: What's the biggest reason oil prices have dropped so dramatically in recent weeks?
Phil Flynn: If I only have to give you one reason, it would be the rise of U.S. oil production. It’s really changed the world. We also have a slowing global economy, and Saudi Arabia is raising oil production, along with other OPEC members. They wouldn’t be doing that if they weren't concerned about losing market share to non-OPEC producers such as the United States and Russia.
Supply and demand?
This thread was started in 2006 and it was Bush's fault then and Obama's fault most recently, that is if you choose blame who is in office. Gas prices do make good political jousting fodder for those who want to blame a president for something he has no control over.
Congrats to Obama for at least being in office while the prices are getting nice and low, it might even give his approval rating a bump.
Do you think it's really that risky for Saudi Arabia? I think their actions have more t ok do with thwarting Russia and Iran. I could even see OPEC breaking and Saudi Arabia forming a new oil producing alliance with more stable nations...maybe Canada and the US?
Yeah, could be and if you believe in karma Putin seems to have gotten a good dose of it. 
You dont understand the oil market at all. No surprise there.
Saudi Arabia and OPEC have said for YEARS that "THEY" didnt want the price of oil to exceed $70 dollars a barrel because if it did, western countries would search for alternatives.
Then, During GW BUSH's terror on America, oil rose to its highest levels in history at 150 dollars a barrel.
Thats when the game changed. President OBAMA was not going to allow the oil companies to SIT on land leases and not drill, so he started taking them away and giving them to producers who WOULD drill.
Because of this, oil production in this country has risen to levels unseen since 1949.
Now we EXPORT more oil than we import.
For the Saudis and opec, they see falling market share, so they are bringing the price down to reality instead of the INFLATED prices that the US TRADERS and OIL companies have maintained for years.
The price of a barrel of oil shouldnt be higher than 30 dollars a barrel.
All you have to do is look at the compensation of the execs at each oil company to know that the Americans are getting ripped off each and everyday.
Out of the mouth of Boone T Pickens, he says that wells will be continued to be CAPPED until the price of oil goes back to 90 dollars a barrel.
Limiting supply by direct action by the oil companies.
Its all a scam and people like you fall for it everytime.
TOS.
728ups
All Trash No Trailer
what would that price be in todays money,adjusted for inflation?
realbrown1
Annoy a liberal today. Hit them with facts.
If the Suadi's wanted to form an oil alliance with the US, Russia and Canada, how long do you think it would take the Muslim extremist start to focus their energies against Saudi Arabia?
wkmac
Well-Known Member
Last time I can actually remember gas this cheap was in the 1970's so using 1975' as the beginning point, adjusted for inflation to 2014' is $2.77 a gallon.
Calculator
Don't you think they'd be doing that today?
realbrown1
Annoy a liberal today. Hit them with facts.
They are way down on their list of targets.
wkmac
Well-Known Member
I paid $2.22 a gallon yesterday which equals the 1968' price of $ .33 a gallon when adjusted for inflation. The good old days when you could walk the main road for a 1/2 mile and collect enough Coke bottles for the deposit to buy enough gas to ride our mini-bikes for a week. The good ole days when littering paid so to speak!
Brownslave688
You want a toe? I can get you a toe.
When they invent a time machine.
Brownslave688
You want a toe? I can get you a toe.
Uh what? I remember lots of gas between 90 cents and $1.25 through most of the 90's
What is that adjusted for inflation?
Brownslave688
You want a toe? I can get you a toe.
About a buck fifty
