Oil keeps on slippin' - vanity

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[shineon]

Say goodbye to peak oil. Happy Trails to you.

[A CA Guy]

Thanks for the source and link.

[PGR88]

[chiller]

This is probably good for business, unless your business is oil.

[USS Alaska]

What a great post, the detail was very enlightening and provided us with a window to your thought process.

[Chode]

[Rides_A_Red_Horse]

Too bad we haven’t developed the stupidity engine.

[steelhead_trout]

[steelhead_trout]

http://www.cnbc.com/id/101142553 US crude holds above $97, set for biggest weekly fall since June

[jyro]

if there’s no oil shortage, lets stop adding ethanol to gasoline.

[BreezyDog]

Call me when it get’s to $40 bbl.

[gaijin]

I remember clearly not so long ago regular was selling for like $1.15 per gallon.

I’d say we still have quite a way to go...

[FAA]

Funny, two weeks ago gas was $2.99 at the local QT. Then that Monday morning, wham, it was $3.17. Jumped $.18 overnight. It has wobbled around since then and then suddenly this morning......it’s $2.99 again.

The price of a gallon of gas use to depend upon the cost of a barrel of oil. That connection has been lost. The price of gas and the price of a barrel no longer seem to correlate.

[okie01]

The price of a gallon of gas use to depend upon the cost of a barrel of oil. That connection has been lost. The price of gas and the price of a barrel no longer seem to correlate.

It's "changeover" time -- from summer to winter blends.

Happens every year -- refiners have difficulty balancing their inventory and distribution (given the number of different summer and winter blends they must maintain). And they use pricing to ration and promote what they're short and long on, respectively.

[Clarence Boddicker]

Quit whining! It just went below 3.59 in northern Michigan.

[shineon]

I forgot to call you. Hope it’s not too late.

[shineon]

We are here.

[DungeonMaster]

This is probably good for business, unless your business is oil.

Or ethanol or growing corn.

[catfish1957]

Oil is a cyclic business. It will go up again in time.

If we achieve energy independence, we can an avoid another $100/bbl OPEC shakedown in the future. i.e Build the DAMN KEYSTONE PIPELINE.

[Cringing Negativism Network]

Well at some point oil will go back up.

Just saying. I think sooner than later, but that is just me.