Posted on 12/18/2008 10:18:13 AM PST by dennisw
Crude is down no matter what OPEC does Because no matter what promises each member makes to limit production and reduce production......
You have a situation where where each OPEC member has to pump and sell much much more to pay for their hare brained schemes. Hugo Chavez and Ahmadinejad come to mind. Pooty is hurting too
Up in the wino counties, the price regular popped up 1 to 3 cents per gallon.
My wife commented that it looked like some panic filling up.
Could have been the shoppers running low on gas and refilling for the next round of depression shopping.
(laughing) - I bet a “Five Star Lunch” on $36/bbl avg by dec 31st
The bet was made Oct 1st.
I thougt we were at peak oil :)
and my Dodge Ram 1500 gets 21 on the Hwy and 18 in the City.
What is your point? :)
I'll cut production. You can trust me. I'm not like the others.
Couldn't happen to a nicer bunch. Now let's go nuclear and finish the job.
Those Napa exploiters! BTW very lovely there when I visited for a while circa 1984. I remember filling up with Calistoga water right at the source
Our oil industry will not invest in drilling when the price is this low. That’s the trouble with a free market, it’s all profit driven.
“When one had to think about every little trip costing $5 to $10 in fuel, many of us cut down our trips.”
You are right on target. My wife is conservative but has inherited a high level OCD. When she thinks of something to buy or do, it should be done then or soon.
$50 fill ups on her Lexus changed that behavior.
“What is your point?”
I was just commenting. But now that you bring it up, I guess I get better mileage than you. And, the car is paid off.
“$50 fill ups on her Lexus changed that behavior.”
That must have been painful therapy.
Here’s hoping the lower prices won’t trigger a relapse.
We should sell them bottled water for $10 per gallon.
I don’t think that you can fill up at the source any more.
At the height of the gas priceds, a gallon of Calistoga water in the local discount liqour store cost less.
Our DIL and older son live in E CC, and she said there was a bump up per gallon this past weekend. Our son deals with many of the gas refineries told her not to fill up.
The difference is I’m looking at Feb and you’re looking at Jan. - no delay, real time from my broker’s platform.
That’s the trouble with a free market, it’s all profit driven. So what’s the answer, have the gubmint put a big tax on gas consumption? If only we had a Free Market in the oil business then we would have plenty of product at the correct price. Otherwise what we get is distortion by Gubermints and the amoral consequences of gubermint getting it’s hands on more of our $$ to waste or worse.
Past since 2005.
You definitely see the crude price better than me
Sinking energy prices are the only positive factor in our economy right now so lets be happy with that. It might even goose the economy a bit
“Que the AP stories on how low gas prices are bad for America.”
Heck, we have Freepers up to their hips in the oil industry, who will be saying the same thing.
Re your possible AP headlines, you should contact AP and tell them to fire all of their so called reporters and editors because you have the mantra down and will work at a reasonable price.
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