Posted on 08/08/2005 9:51:17 AM PDT by M. Espinola
Think about what that will do for our balance of payments and our economy.
The money in our pockets will soon begin to grow faster than fuel prices.
So9
You are right. I do not even want to think about Labor Day weekend.
If - if for some unknown reason the geostrategics cool off some, crude will most likely have an abrupt profit taking reversal, and then head right back up and beyond current levels, contingent on numerous factors.
I fail to see any reason why oil prices should shoot up because of an embassy closure
No worries here, the pork will be signed today. (sarcasm)
The last time those pinkos went to their local gas station they went into shock! :)
We haven't built a refinery in 30 years in this country. We can not drill for oil in ANWAR in a section specifically created FOR DRILLING when ANWAR was created. And you think suddenly we will be able to engage in other forms of oil extraction in this country?
The real answer to our oil problems is to ignore the enviro wackos and start exploring and pumping like never before. Start drilling the gulf. Start drilling off California. Start drilling ANWAR. Start drilling the Atlantic side of Florida. And build Nuclear Reactors!
Another component of reducing gas prices I forgot to list is the reduction of the over 40 different blends that must be refined and distributed around the country. Regional blend requirements from the EPA add a great amount of cost to gas as well.
Having shifted a chunk of my investment money into small well drilling stocks about 6 months ago has proven VERY fruitful!
Pinkos, liberals, and democrats in congress have been demanding higher gas prices for decades. Of course, every time the price goes up a nickle they demand lower prices.
"Gas prices shave NOT hit record levels yet"
Oh don't give us that unmittigated B.S. about "when you adjust for inflation" because a lot of us were not old enough to be driving in 1973 and don't give two S--TS what gas prices were then. We care what we are paying now and it's rising to ridiculous levels.
All of this being driven by speculation. Oil should be around $50.00/bbl max. I have noticed that dollar has given back most of the early summer gains.
Something is going on.
Right. I can go to bed with yet another hour of daylight outside and I close my eyes. When we go to bed at 9 now, it is still light out. What good that does me I don't know. Soon the days will be short anyway with winter coming. You can play with the clocks all you want. The daylight will still be short.
I don't give two shits what gas cost in 1973 either. But I do care about accuracy and honesty.
Nymex Crude $63.80, UP $1.49 a barrel as of this posting.
For the record:
Each cent up/down on a straight futures is worth $10. 149 cents X $10 = a lot of money per contract, so far for today's session.
Crude options are a bit lower, due to various trading factors.
actually - that may well be the long term "solution" to the oil price - a Fed induced recession in the US, which will also throw china into recession.
You could be paying $6.70 a gallon in Norway. Gas is still cheap by historic standards. Be glad you're living in America.
because the market is driven by speculation and fear.
who cares what gas costs in a tiny country whose people have no where to go?
IMO .. I think the market is using that as an excuse
We haven't built a refinery in 30 years in this country. We can not drill for oil in ANWAR in a section specifically created FOR DRILLING when ANWAR was created. And you think suddenly we will be able to engage in other forms of oil extraction in this country?
Yes, I think we are going to run flat out of refinery capacity this year or next and when cars and heating oil tanks have been empty for a few weeks, when power companies have to shut down major power plants, congress will bulldoze the EPA.
The real answer to our oil problems is to ignore the enviro wackos and start exploring and pumping like never before. Start drilling the gulf. Start drilling off California. Start drilling ANWAR. Start drilling the Atlantic side of Florida. And build Nuclear Reactors!
A very good start, but it wouldn't be nearly enough.
SO9
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