Posted on 10/14/2014 6:04:38 AM PDT by ckilmer
totally agree.
cheaper energy prices are pure oxygen for the economy. and set the stage for higher demand later.
We’ll have to agree to disagree.
I expect you’re right but the bright vista of energy independence in three years has me hoping that oil prices will not go below 80@ barrel in the next three years.
But the USA must become energy independent through the use of our own proven resources, not through expensive, unreliable, and unproven “alternatives”.
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That’s all about electricity. That’s not oil.
totally agree.
lower oil costs are a big deal for everyone.
Clarify?
Natural gas and coal produce electricity.
And there are expensive “alternatives” being explored to replace diesel,
so it’s more of a general approach to ENERGY, not particularly motor vehicle propulsion or electricity production,
that must be first established through the use of proven and affordable resources,
then we can dabble on the edges with the cute little “alternatives”.
it can still come.
An ISIS army moving toward Riyadh and the Saudi Royal family threatened is very believable and could cause dramatic changes in a heartbeat.
Cramer’s analysis as usual is wrong and is as usual sensationalized to get a mention in the news media.
Oil and its infrastructure still have a long ways to go before anything like Cramer’s doomsday scenario is even on the radar. Domestically the new supplies are not yet near 50%.
When the oversupply becomes a concern, some of the oil will be permitted to be exported but it won’t actually get that far. It won’t get exported because the rest of the world will drop their crude prices. The Middle East will decline in its importance. The net result is collapsing prices, a weakened Islam and lower costs for everyone.
Don’t forget we’re talking about the stock market. It has a devilishly independent “mind” of its own. The drop in oil prices is cited everywhere as a cause, but you have to go outside the US media to find out about the black-market oil.
there may be improvements to the tiny electric vehicles, maybe even by 2020. but their inefficiency and limited range will prevent their widespread public use, and so far has limited industrial use to only those who get government subsidy. I will believe it when I see it.
The simple fact of the matter is, coal-generated electricity used to charge inefficient batteries in order to run vehicles is not even a more environmentally sound approach to transportation — it’s a “feel-good” lib pipe-dream.
On the other hand, we could see large trucks switch to natural gas. if some company started producing nat-gas cars, they could become popular quickly, given the downward pressure on prices lately.
Ferengi Rules of Acquisition:
34 War is good for business.
35 Peace is good for business.
I agree, The problem is that US made items cost much more. People on tight budgets will naturally buy the lower priced goods. In some ways the cheap chinese products have allowed us to maintain our standard of living. My approach is to buy as much as I can used. The new stuff, I try to buy American. My Ford Focus is an example. Made in The USA and it’s a really good car.
What!
Stop importing mostly crap?
Foolish.
You seem to have a cart-and-horse situation here,
These things even themselves out in an unfettered market.
As those resources came online, the Saudis opened the taps and crashed the price of oil to the $ 10 a bbl. level.
American oil producers list their shirts so badly it took 3 years sky rocket oil prices to convince them start drilling again.
Of course the Saudis are responding to competitive pressure.
History shows they respond ruthlessly and effectively
Yep.
What you said.
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