Gas Prices

[The Other Side]

REALBROWN,

you couldn't be anymore more foolish trying to maintain a position of "your making of facts" when i posted this video in my link on Boone T. Pickens.

Here is the video only without the graphs and charts that you didn't understand.

Listen to Boone talk about how they controlled gas prices going back to 1981 by CUTTING operating rigs IN HALF driving up the price of oil.

Nothing to make up. All you have to do is open your listening ears then digest what he is saying.

TOS.

 

[bbsam]

REALBROWN,

you couldn't be anymore more foolish trying to maintain a position of "your making of facts" when i posted this video in my link on Boone T. Pickens.

Here is the video only without the graphs and charts that you didn't understand.

Listen to Boone talk about how they controlled gas prices going back to 1981 by CUTTING operating rigs IN HALF driving up the price of oil.

Nothing to make up. All you have to do is open your listening ears then digest what he is saying.

TOS.

I gotta say TOS, your insistence on referencing Pickens is a bit troubling. He's protecting his own self interest. He's commenting on an oil industry that's in the midst of huge changes as if it's 30 years ago. I think he's trying to will the past into near future but it's hard to see that happening. There's a lot invested and the big investors are in to deep to pull out now.

Think about it. Would UPS investors want the company to dump Amazon because yields are so low? Of course not. The kind of manipulation Pickens is talking about plays right into Saudi Arabia's hands and investors will shape the new cartel...oh...it's not a cartel. It's a "trade association".

 

[upsbeernut]

Got the 1.99 finally at a quicktrip even, but its hurting our 401 k.

 

[The Other Side]

I gotta say TOS, your insistence on referencing Pickens is a bit troubling. He's protecting his own self interest. He's commenting on an oil industry that's in the midst of huge changes as if it's 30 years ago. I think he's trying to will the past into near future but it's hard to see that happening. There's a lot invested and the big investors are in to deep to pull out now.

Think about it. Would UPS investors want the company to dump Amazon because yields are so low? Of course not. The kind of manipulation Pickens is talking about plays right into Saudi Arabia's hands and investors will shape the new cartel...oh...it's not a cartel. It's a "trade association".

I am not picking on Pickens solely. My point was challenged that OIL RIGS were being cut to drive up prices. An alternative to that theory was to blame saudi arabia.

Pickens is only ONE of many oil producers in this country speaking publicly about cutting oil wells while those on the political RIGHT cry for drill baby drill.

I posted on pickens again with the video because REALBROWN insisted that i was making up facts instead of posting what was real.

In the video, Pickens himself calls himself THE EXPERT in oil, and if this is the case, which it is, then his words speak volumes.

My point from the begining is that OIL is manipulated and not a true supply vs. demand process. YES, when supply is down, the price per barrel goes up, but when supply is intentionally drawn down, then it isnt a fair process but a scam.

He knows the past all to well. In the video, you hear him talking about the past where oil went down to 5 bucks a barrel and they cut wells from 4500 to 1500 and the price of oil shot up to 15 bucks a barrel.

He says the same will happen now when the producing wells will be cut in half once again and the price of oil shoots back up over the $90 dollar a barrel threshold.

The point is simple BBSAM, manipulation and I believe you can see that.

TOS.

 

[upschuck]

Go back and read your original reply to my post. Childish was being generous.
If one of my kids used that kind of logic, I be real worried about them.
And you're an adult who should know better.

This was my post you were referring to:

Like I said before, if you blame him for high prices, he gets the "blame" for low prices, too.

Logic dictates if he has control over prices, that goes both ways, up and down.

I will take a temporary bubble over continued high prices any day.

Logic tells me I like paying less for things, even for a short period of time.

I can see the good on both sides of the aisle, not just the one, and detest the other. Therefore I give credit where credit is due. That is a major problem with the country today, the staunch partisanship on both sides of the aisle.

That sounds fair to me.


Where am I childish?

 

[realbrown1]

This was my post you were referring to:

Logic dictates if he has control over prices, that goes both ways, up and down.

Logic tells me I like paying less for things, even for a short period of time.

That sounds fair to me.


Where am I childish?

First of all, believing anything that the TROLL posts is more a sign of stupidity than childish. He has that moniker for a reason.
And if you believe there are many shades of gray, so to speak, very childish.
There is a correct side and a wrong side. You just haven't figured that out yet.

 

[rod]

$1.87 here today-----$1.82 at Costco

 

[upschuck]

First of all, believing anything that the TROLL posts is more a sign of stupidity than childish. He has that moniker for a reason.
And if you believe there are many shades of gray, so to speak, very childish.
There is a correct side and a wrong side. You just haven't figured that out yet.

So, you main argument that I'm childish is that name of "Troll"? Interesting, and you call me childish. I take each argument separately, something that you seem can't do.

Have a good day, brother.

 

[The Other Side]

And the game begins to change... Cut wells, drive up prices..

This quote is funny:
"Support for oil emerged after weekly data for U.S. crude inventories showed a surprising drop last week, although gasoline and distillates stocks still rose more than expected."

Surprising drop in supplies?? The CEO's of every oil company said 4 weeks ago they were shutting down wells, how can this be "Surprising?"

http://finance.yahoo.com/news/oil-prices-remain-weak-supply-glut-low-asian-015736463--business.html

TOS.

 

[bbsam]

And the game begins to change... Cut wells, drive up prices..

This quote is funny:
"Support for oil emerged after weekly data for U.S. crude inventories showed a surprising drop last week, although gasoline and distillates stocks still rose more than expected."

Surprising drop in supplies?? The CEO's of every oil company said 4 weeks ago they were shutting down wells, how can this be "Surprising?"

http://finance.yahoo.com/news/oil-prices-remain-weak-supply-glut-low-asian-015736463--business.html

TOS.

The rest of the article seems to suggest that you have reached an incorrect conclusion. Everything I have seen suggests this oil "bear market" will last 12 to 18 months.

 

[wayfair]

$1.57 today

 

[Babagounj]

dropped another four cents overnight .

 

[The Other Side]

The rest of the article seems to suggest that you have reached an incorrect conclusion. Everything I have seen suggests this oil "bear market" will last 12 to 18 months.

The article is baloney. Its opinions are based on baloney. The point of the linking of the article to point out the "FALSE" selling of "surprising".

Its no surprise that inventories are being driven down by shutting down wells.

TOS.

 

[Sportello]

dropped another four cents overnight .

Thanks, Obama!

 

[Babagounj]

But if they shut down the wells , what is George Sorros going to do with all of his empty oil tanker rail cars ?

 

[The Other Side]

But if they shut down the wells , what is George Sorros going to do with all of his empty oil tanker rail cars ?

How dumb is this question?

Sometimes bro, its like you talk just to talk.

TOS.

 

[The Other Side]

Just as Boone predicted... OIL WELLS are being shut down.

http://finance.yahoo.com/news/oil-heads-seventh-weekly-loss-024338349.html

The new montra for the GOP

"CAP BABY CAP"

TOS.

 

[MAKAVELI]

Just as Boone predicted... OIL WELLS are being shut down.

http://finance.yahoo.com/news/oil-heads-seventh-weekly-loss-024338349.html

The new montra for the GOP

"CAP BABY CAP"

TOS.

That black gold is quickly turning into fool's gold.

 

[bbsam]

Just as Boone predicted... OIL WELLS are being shut down.

http://finance.yahoo.com/news/oil-heads-seventh-weekly-loss-024338349.html

The new montra for the GOP

"CAP BABY CAP"

TOS.

So if I'm the Saudi oil minister, I'm paying close attention to US supply and where their break point is. I guess we are showing them. But doesn't that also tell them that the days of $100 oil are gone?

 

[oldngray]

So if I'm the Saudi oil minister, I'm paying close attention to US supply and where their break point is. I guess we are showing them. But doesn't that also tell them that the days of $100 oil are gone?

The Sauds are hurting Russia and Venezuela more than the US.