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It's Coming: $65 Oil {Good News / Bad News}
The Atlantic ^
| OCT 28 2014
| DEREK THOMPSON
Posted on 10/30/2014 4:47:37 AM PDT by thackney
click here to read article
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To: thackney
I find it interesting that, out here in oil-country, the local gas-station has been stuck at $2.99/gallon for several weeks while the per-barrel price continues to fall.
21
posted on
10/30/2014 5:36:43 AM PDT
by
Cletus.D.Yokel
(Catastrophic Anthropogenic Climate Alterations: The acronym explains the science.)
To: Eric in the Ozarks
22
posted on
10/30/2014 5:40:22 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: Cruz_West_Paul2016
That would be the Secret Service discunt discount.
23
posted on
10/30/2014 5:40:25 AM PDT
by
Cletus.D.Yokel
(Catastrophic Anthropogenic Climate Alterations: The acronym explains the science.)
To: Cletus.D.Yokel
out here in oil-country
What part of Texas?
24
posted on
10/30/2014 5:40:59 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: thackney
A $.50 spread is robbery.
To: Jack Hydrazine
$2.49 in a couple of places in St Louis.
To: Eric in the Ozarks
27
posted on
10/30/2014 5:41:46 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: thackney
I have a relative who works for Chevron. They’re in full crisis mode.
28
posted on
10/30/2014 5:43:02 AM PDT
by
randita
("Is a nation without borders a nation?"...Noonan)
To: Eric in the Ozarks
I paid $2.94 for 93 octane the other day in O’Fallon. $.30 spread from regular.
To: Cletus.D.Yokel
Here in "refining-country" it has been dropping.
30
posted on
10/30/2014 5:43:36 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: Cruz_West_Paul2016
I wouldn’t eat at McDonalds if it was free!!!
31
posted on
10/30/2014 5:47:42 AM PDT
by
dalereed
To: thackney
I’m all for gasoline prices going down, but will oil prices dropping down that low make it a problem for shale and fracking?
32
posted on
10/30/2014 5:50:15 AM PDT
by
Marko413
To: Cruz_West_Paul2016
does this mean the cost of a call girl will also drop 30%? We're talking a drop in gas prices, not silicone prices.
To: thackney
Magic control of the world's commodity markets.
No, George Soros does.
To: thackney
Long or short on octane ?
To: Marko413
No doubt that falling oil prices will mean less investment into oil production.
Smaller operators with too much debt and in need of cash flow to make payments are going to be selling assets.
Majors will a longer-term view will buy in if they believe future oil prices will make it profitable in the long run.
The problem with tight formations like shale fields is the quick drop off in production really reduces the “long-run” payout.
36
posted on
10/30/2014 5:53:52 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: Eric in the Ozarks
Long or short on octane ? I avoid trying to predict commodity prices like I avoid vacationing in Liberia.
37
posted on
10/30/2014 5:55:00 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: Buckeye McFrog
Yep, Iran, Saudi and Russia raise and lower prices and production at his command.
Europe, India and China all raise and lower the economies and associated demand just at the thought of his wishes.
38
posted on
10/30/2014 5:56:45 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: thackney
Yo, thackney!
Do you remember the 70’s when 10% ethanol was added to extend the national supplies? No mention of air pollution impact.
Now, the left acts like it was a pollution additive all the time (when, in fact, it ain’t).
Just reminiscing...
youtube.com/watch?v=iYgh_Irk46M
39
posted on
10/30/2014 5:57:02 AM PDT
by
Cletus.D.Yokel
(Catastrophic Anthropogenic Climate Alterations: The acronym explains the science.)
To: thackney
40
posted on
10/30/2014 5:57:41 AM PDT
by
Cletus.D.Yokel
(Catastrophic Anthropogenic Climate Alterations: The acronym explains the science.)
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