Can? Yes!
Will????
Posted on 10/27/2014 7:49:15 AM PDT by SeekAndFind
Crude oil just broke $80.
In morning trade on Monday, the price of crude oil fell below $80 a barrel for the first time since mid-2012 as energy prices continue to plummet around the world.
The most recent drop in oil, which has been a bear market since topping out at about $107 during the summer, follows a cut in oil-price expectations from Goldman Sachs' Jeff Currie over the weekend.
Currie took his oil-price forecasts for WTI Crude to $75 a barrel in the first quarter of 2015 and to $70 a barrel in the second quarter of next year.
Longer-term, Currie expects WTI prices to stabilize near $80 a barrel, and Currie said that "uncertainty around the required price to slow down US shale production growth is a key risk to our forecast."
Currie's forecast relies on three key reasons:
* We have greater confidence in the scale and sustainability of US shale oil production. This implies that the global cost curve has shifted lower and that cost deflation is sustainable.
* We forecast that accelerating non-OPEC production growth outside North America will outpace demand growth, leaving the global oil market oversupplied.
* We believe that OPEC will no longer act as the first-mover swing producer and that US shale oil output will be called upon to fill this role.
(Excerpt) Read more at businessinsider.com ...
- - - - -
Pipelines tend to be the lowest cost to move oil.
The exports is driving a bigger market that gives producers more confidence they won’t be caught in a local oversupply like what happened on the West Coast a couple decades ago.
Excellent and you’re a FR treasure house of info. So in your opinion would it be relatively easy for a GOP POTUS to make Keystone or perhaps other pipelines a reality and allow exports? (assuming we hold Congress and no GOPidiot restores the filibuster the Dems took away)
Blame whoever you want - there's collusion going on. If it wasn't, not everyone would have the same exact prices at the same exact times now would they? Of course not. That's just common sense.
Can? Yes!
Will????
And yet, the overall areas, didn't change that way.
So you believe big oil hates your town? But is okay with Chicago and all of Illinois, and the rest of the country?
Yeah, it must be big oil. It couldn't possibly be a local reason.
Well, in the mean time, there are plenty of working wells....no need to panic.
Jack Spirko?
Regular Unleaded Gasoline by me last Thursday morning: 2.97/Gal.
Regular Unleaded Gasoline by me last Thursday evening: $3.24/Gal.
Regular Unleaded Gasoline by me RIGHT NOW: $3.21 a gallon.
Now genius, explain why your chart doesn't show that.
by me
by me
by me
Yeah, it must be big oil, just like you said.
I’m fortunate they love the rest of us and hate your town.
Good bye.
Si...
Time commitment to listen to Jack got too high for me,
got behind, got discouraged, quit listening.
Let me add, I paid $2.78 this weekend. God Bless Texas!
by big oil
http://www.freerepublic.com/focus/news/3220039/posts?page=81#81
81 posted on 10/27/2014, 12:06:14 PM by usconservative
What was even more amazing was that stations actually paid people to pump your gas for you. And they actually checked your oil and tire pressure. If a tire was low they added air which, at that time, was free! A major employer of teens that no longer exists. I remember the first time I filled up with gas and found out that I had to pump my own gas and the first time I had to pay for the air that I needed to put in a low tire. Just threw a tizzy fit!
In our area stations are on each of the four corners of every major intersection and each has their “convenience store”. They do a huge lunch business from what I would suspect are illegals and there is an abundance of small brown paper bags being carried out which, I’m sure, contain a can of soda. LOL
Gas Buddy is color charting Missouri and Arkansas on the national map as if only a minor difference is present for regular??? North from Little Rock to the state border, local station prices are 25 to 30 cent per gallon higher than north of the border. Last time this price discrepancy occurred was due to refinery outages, but haven’t seen any mentioned. Prior to refinery issues 2012? Missouri gasoline was consistently 10 cent gallon less expensive.
But it does swing sometimes higher or lower.
Missouri gasoline taxes are about 5¢ cheaper.
12 cents, WOW!
Well ya gotta give it a little time, they're only starting to drop.
Fuel prices will follow crude prices down...shipping costs will follow as carrier competition dictates.
Nobody was in a panic, that’s just something else you pulled out of your butt.
LOL. I remember a woman who would come in on occasion, whose husband told her the air in her tires needed to changed. We played along with it. Figured he just needed a break from her. Also don't forget we would always wash the windows.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.