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Crude-oil prices continue to slide($73.45 per barrel)
Market Watch ^
| Nov 14, 2014
| Eric Yep
Posted on 11/14/2014 2:28:23 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
11/14/2014 2:29:02 AM PST
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Snapshot from this morning's Bloomberg:
Brent: 78.22
WTI: 74.27
RBOB: 201.52
3
posted on
11/14/2014 2:33:11 AM PST
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: TigerLikesRooster
Interesting, given the American "boom". Someone trying to kill the domestic industry or the other way around.
Or the third option: Obama has so laid waste to our economy they can't give oil away?
4
posted on
11/14/2014 2:39:12 AM PST
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: Caipirabob
"Obama has so laid waste to our economy they can't give oil away? " I vote for door #3
5
posted on
11/14/2014 2:43:43 AM PST
by
DeaconRed
(Where is the deserter Bergdol? We need to stay on this until he is tried and convicted. . . .)
To: Caipirabob
Everybody has slowed down their demand for oil. The US, thanks to tracking, has become mostly self-sufficient in its needs.
I don’t see anything conspiratorial about this, but it will hurt my province’s budget in a serious way.
6
posted on
11/14/2014 2:46:18 AM PST
by
Jonty30
(What Islam and secularism have in common is that they are both death cults)
To: Caipirabob
American consumption of foreign oil is way down due to the shale revolution. Euro demand is tanking as they just realized their economy didn’t actually recover. China’s demand isn’t taking up the slack - so prices are down.
Normally, I wouldn’t support government price controls, but perhaps the government should look into some means of supporting the shale oil revolution and keeping it going. Not for economic reasons but purely national defense - with shale, it is conceivable that the U.S. (With the assistance of Canada) could become a net exporter, wholly self sufficient on North American supplies.
The ability to tell the Middle East “hey, you’re Europe and China’s problems now, don’t call us because we don’t need you any more” would be priceless. As would be Europe’s sudden realization that the US won’t intercede if things go south in the Middle East when their ‘soft power’ doesn’t work.
7
posted on
11/14/2014 2:48:16 AM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: Spktyr
A good time to physically shut off the flow of oil from Iran.
8
posted on
11/14/2014 3:23:07 AM PST
by
Paladin2
To: TigerLikesRooster
oil from Libya is coming on line.
9
posted on
11/14/2014 3:28:22 AM PST
by
RockyTx
To: Spktyr
The ability to tell the Middle East hey, youre Europe and Chinas problems now, dont call us because we dont need you any more would be priceless.Absolutely...let them look for pity from the Chinese!
10
posted on
11/14/2014 3:38:55 AM PST
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: Jonty30; DeaconRed
There really is no way to get around the economic devastation after 6 years of obama. I’m surprised this didn’t happen sooner.
11
posted on
11/14/2014 3:40:07 AM PST
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: TigerLikesRooster
Oh NOOOO,
How will Putin finance his military expansion and all?
12
posted on
11/14/2014 3:41:26 AM PST
by
Joe Boucher
(The F.B.I. Is a division of holders Justice Dept. (Nuff said))
To: Caipirabob
He has 2 more years to really “F” it up. . . .
13
posted on
11/14/2014 3:41:43 AM PST
by
DeaconRed
(Where is the deserter Bergdol? We need to stay on this until he is tried and convicted. . . .)
To: Jonty30
"he US, thanks to tracking," I know you meant FRACKING. . . .
14
posted on
11/14/2014 3:44:02 AM PST
by
DeaconRed
(Where is the deserter Bergdol? We need to stay on this until he is tried and convicted. . . .)
To: TigerLikesRooster
The Saudis have cut their prices, to American refineries only, in an attempt to choke off the shale industry.
Won’t really work. Shale costs are a moving target. Still it will be interesting to watch the response of our gutless Republican leaders.
Obama will vote down Keystone and do his best to choke off shale in partnership with the Saudis.
15
posted on
11/14/2014 3:44:59 AM PST
by
stinkerpot65
(Global warming is a Marxist lie.)
To: DeaconRed
I did mean fracking.
But my phone likes to play games.
16
posted on
11/14/2014 3:45:59 AM PST
by
Jonty30
(What Islam and secularism have in common is that they are both death cults)
To: Jonty30
17
posted on
11/14/2014 3:50:59 AM PST
by
shineon
To: Jonty30
Gotta love the auto correct features. . . .
18
posted on
11/14/2014 3:52:00 AM PST
by
DeaconRed
(Where is the deserter Bergdol? We need to stay on this until he is tried and convicted. . . .)
To: DeaconRed
For a while there when I would type np for no problem, it would correct it to no.
So the conversation would go like this.
person1 - Can you help me out?
person2 - no
person2 - I meant to say no.
19
posted on
11/14/2014 4:10:14 AM PST
by
shineon
To: Caipirabob
Maybe supply has risen so sharply that it is exceeding prior demand, and the price is declining in consequence? THAT IS JUST AN HYPOTHESIS
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