Posted on 02/08/2016 12:22:58 PM PST by nascarnation
No SS raise again this year. That's 3 or maybe 4 "no raise" years under Obama. The last raise was totally eaten by the raise in Medicare Part B which comes right out of the SS check.
It is not a difficult issue if one can recognize history repeating itself:
"It may take that long for the Arabs to effectively squelch our domestic exploration and development."
After that, One thing that will boost oil prices is if OPEC convinces other countries to reduce production.
Then, they will be back to newer gold-plated Bentleys and junkyards full of late model MB's, Lambo's etc.
I disagree much.
The new “best customer” of Arab oil is China.
That fun country with mafia business practices and 1.5 billion expendable people to enforce them.
Won’t be much fun for the towel heads the next 10-15 yrs in my view.
Hmmm, I am not sure on what basis. I am not an oil expert, however, I have been watching history; both that of the U.S. and of Germany.
Are you suggesting China will make a controlling move on the oil fields? That is certainly possible and, if so, would simply trade hat styles vis-a-vis the U.S. One would think the model I presented would remain in play.
The key to these sustained lower prices is that oil production in US shale fields, Canadian tar sands, and other parts of the world remove some of OPEC's power to set prices. Plus, reduced sanctions on Iran further add to the global supply.Iranian crude production *may* rise, but the current production has been sold into the world market, even during the decades of sanctions. Production from shale and tar sands will fall off as they become unprofitable, which is the case when the market price for crude sinks sufficiently.
Indeed, and Mr. Hamilton expounded on that.
(I was being sarcastic, I’m enjoying the cheap gas in my Pontiac G8, whee)
Interestingly, word is that Fiat/Chrysler is dropping the Dart/200 because economy cars are a loser and they want out, so that they can focus on the profit center trucks and SUVs. In line with this, they may contract with another manufacturer to produce a compact for them.
I rented a Mazda 2 recently, and while a cute and efficient li’l car, well, it wasn’t quite the same. The interesting thing is that Toyota contracted with Mazda and is now selling it as a Scion. Back in the 90’s, GM sold the Corolla as a Geo. It’s a crazy, mixed up world.
(And I really wish I could buy a new G8 when my old one gets long in the tooth, but alas...)
I don’t expect the Chinese to treat them nearly as nice as we have over the last 50 yrs.
My wife filled up the tank in her car today for 78.9 cents per gallon. I wish I had a large storage tank for it at that price.
Yeah this ethanol gas doesn’t store well because of problems with the alky.
I went out the military base last week and pumped in that $1.34 gas. I told my wife I wanted to go on a long drive and come back and fill up again. I wish I had a huge tank to go buy a lot of this cheep gas and have it for later when the prices go back up. I can’t believe it will stay this price for 10 years.
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