Posted on 01/16/2007 1:09:18 PM PST by 2banana
Can't post but good news as Saudi Arabia's oil minister rejected calls for more production cuts...
http://www.bloomberg.com/apps/news?pid=20602099&sid=ap9i3C_FTkR4&refer=energy
"Hugo's communist utopia about to eat a $hit burrito. "
LOL
In Kenya?
$1.93 in my neck of the woods (MA) over the weekend. When I saw the sign, I just about crapped me pants.
Sometimes, gas prices go up even though there is plenty of crude oil on the market. It depends on what kind of oil it is. Oil can be classified as heavy or light, and as sweet or sour (no one actually tastes the oil, that's just what they call it). Light, sweet crude is easier and cheaper to refine, but supplies have been running low. There's plenty of heavy, sour crude available in the world, but refineries, particularly those in the U.S., have to undergo costly retooling to handle it.
That was my first thought--Hugo's gonna need all those guns he's been buying.
Gasoline? People want it for their cars and trucks.
If that's the case why did gas, that was refined from $30.00 per bbl, jump to $3.50+ per gallon before Katrina even made landfall? Gas prices are whatever the Stations/oil companies think they can get away with charging us.
Ding ding ding....we have a winner.
I pay more than most because we have higher taxes than most.
Wondering when the Dems are gonna take the gubmint to task for the gubmint windfall profits gasoline..........
Exactly...the lowest I can find today is $2.39. :(
Nope, Michigan. Kenya is where I (partly) grew up and where the parents are currently stationed.
Ahhh...so that's the problem.
I live in AZ, where we have those wonderful "blends" of fuels. Thanx Nappy.
Oh crap .. more good news
Hugo's power is going to depend on him being able to pay off the military enough.
I'm sure as this continues, you going to hear about the military putting down riots and lots of dead.
Wait a minute! On the upside of the crude climb, gasoline that was refined at the crude price of $40/bbl immediately shot to the new $70/bbl level? Replacement costs were blamed for the rise in gasoline prices? Now on the down side the old crude price is embraced and screw the new? This is price manipulation, pure and simple. And the feds ought to be looking into it....
why do price reductions always take months to show up at the pump, but increases in oil barrel prices send GAS (already refined, and at the pump) up immediately?
just askin'
I think that was inevitable anyway. The decline in oil prices will just speed the process along.
yes, good news - unless you were one of the rcent startups investing in alternative energy sources.
this is one way the oil majors put those startups out of business - they see to it that some price "whipsaw" comes along to invalidate their investments.
As if those startups aren't the oil majors in the first place.
1. When prices spike up, gas station owners have to pay the higher prices to re-fill their gas tanks.
2. When prices oil prices fall, gas station owners have already paid the high price on the gas in the tank, and need to recoup what they paid.
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