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Why the price of oil may be about to tank
Maclean's ^ | March 5, 2014 | March 5, 2014

Posted on 03/06/2014 4:21:03 PM PST by rickmichaels

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1 posted on 03/06/2014 4:21:03 PM PST by rickmichaels
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To: rickmichaels

Just paid 3.53 a gallon. a few weeks, maybe a month or so ago it was 2.99...

It can tank any day now.


2 posted on 03/06/2014 4:28:11 PM PST by cableguymn (It's time for a second political party.)
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To: rickmichaels

Well, Obama might release some crude to drive the prices down and erode Russia’s profits a bit. Shame he didn’t allow the pipeline to go through. See that Obama? STupid decisions lead to stupid unintended consequences.

It’s mostly a Government game dude, they’re doing it with everything.

- Cattle lowest since 1950 because of inclement weather?
- Corn going up, inclement weather?
- Fresh Fruits and Vegatables going up, inclement weather?
- Pork, Chicken .... blah blah, inclement weather?
- Wheat and Soy

Think about it. Everything Obama has done has resulted in making it more expensive to live. They don’t want income redistribution, they just want everybody poor.

Get the picture? Somebody is reinforcing global warming on us.


3 posted on 03/06/2014 4:31:08 PM PST by Usagi_yo (Standardization is an Evolutionary dead end.)
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To: cableguymn

3.59 yesterday ... 3.60 today


4 posted on 03/06/2014 4:31:19 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: cableguymn
I paid $o.85 December 1999. Gas was $1.85 when Bush left office. This is a brave new world with the Obumacrats.
5 posted on 03/06/2014 4:33:56 PM PST by mountainlion
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To: thackney

Ping.


6 posted on 03/06/2014 4:39:43 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: rickmichaels

What? Oh, sorry, my mind got stuck on that phrase “Incremental Gyrations” . Might be a good title for a novel.


7 posted on 03/06/2014 4:40:09 PM PST by lee martell
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To: mountainlion

and who can’t recall the good old days when Bush was President and it was either summer of 2001/02 when gas tanked to under 1.00 a gallon.


8 posted on 03/06/2014 4:41:07 PM PST by Cruz_West_Paul2016
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To: knarf

Gas - 3.039, but Diesel is ~4.099


9 posted on 03/06/2014 4:41:09 PM PST by Paladin2
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To: knarf
3.59 yesterday ... 3.60 today

Sounds nice, I just paid 3.77.9 and that was at Costco.

10 posted on 03/06/2014 4:41:13 PM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: rickmichaels
I guess Prince Hakeem will only be able to buy three Hennessey Venom GTs and two Rolls Royal Celestials next month instead of five.


11 posted on 03/06/2014 4:41:55 PM PST by SkyPilot
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To: cableguymn

Yeah, I’d like to at least see SOME downward movement. Imagine where we’d be without fracking.


12 posted on 03/06/2014 4:45:02 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Mastador1

The cheapest I’ve seen here in SW Pennsylvania is 3.55 a gallon.


13 posted on 03/06/2014 4:45:26 PM PST by 4yearlurker (Some people say that experts agree!!)
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To: cableguymn

same here.


14 posted on 03/06/2014 4:48:01 PM PST by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: rickmichaels

if gas ever tanks to 2.00 a gallon,then the economy will improve and millions more people will find work,then millions more people will vote GOP !!! what will Obama do?


15 posted on 03/06/2014 4:48:27 PM PST by Cruz_West_Paul2016
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To: rickmichaels; Squawk 8888; SunkenCiv

Ping


16 posted on 03/06/2014 4:51:48 PM PST by fanfan ("If Muslim kids were asked to go to church on Sunday and take Holy Communion there would be war.")
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To: cableguymn

Gas will not go down significantly regardless of the price of crude.

Gasoline is also driven by insane federal regulations, dozens and dozens of different required formulations for different cities. All for the purpose of driving up gas prices.

How is a single refinery supposed to make 59 varieties of gas (contaminated with subsidized ethanol) and deliver as such.

Face it, the feds will regulate out of the cost of gas any improvements that accrue from lower crude prices.


17 posted on 03/06/2014 4:52:53 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: cableguymn

I went out on the National Guard Training Base, Fort McClellan, Alabama today. It was $2.98 there. Went up 3 cents from last week. Most places around here are $3.07 to $3.19.


18 posted on 03/06/2014 4:52:58 PM PST by RetiredArmy (MARANATHA, MARANATHA, Come quickly LORD Jesus!!! Father send thy Son!! Its Time!)
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To: rickmichaels

I’ll believe it when I pay for it at the pump.


19 posted on 03/06/2014 4:53:10 PM PST by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: cableguymn
Two weeks ago we were at $3.13/gal. Today it's $3.69.

OUCH. And we were just told that a local refinery that supplies most of the gas in this area was "shut down for maintenance" early. Normally they wait till May. Guess they wanted the price higher.

20 posted on 03/06/2014 4:53:17 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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