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
Every time I turn down my thermostat, I imagine myself kicking Hugo or a Saudi in the @!#%s!
“She should take up knitting”
Obsessive Compulsive people seldom like to do things like knitting unless they get competitive with knitting or something like needlepoint.
You said — “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”
Sure, it’s a benefit to me right now. I love it! It’s great.
But, I don’t think it’s a benefit to the goals that many had in mind about “drill, drill, drill”... I think that’s a *dead issue* now...
How is paying someone else for it and shipping it halfway around the world better?
You said — “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.”
It’s not all about our government, as there is OPEC, too and there are other countries that have their own agendas and they don’t necessarily co-incide with what is good for the U.S.
BUT, also..., businesses making profit (which is the number one factor for them) is not always in accord with what a good policy should be for the nation in terms of economy or the future goals that the country may have. They don’t necessarily work together.
0% (interest rates on short-term Treasuries) is a terrible return . . . but it looks magnificent compared to a 73% decline in oil prices since July.
We live here and see the positives and negatives of America.
We really don't get that the rest of the world sees the US Dollar as a very safe place to park money
The US Treasury will deliver on money lent to it
Much more trust worthy that many investments you will find in Russia, the 3rd world, and Arab Muslim nations. The cheating factor on huge blocks of invested money (millions billions) is much lower here...
Unfortunately drill here now will be held in abeyance. It’s just not marketable now
Our nine year old grand daughter was obsessive compulsive from the time she was two.
We would go on walks, and she would walk up driveways and take newspapers in the driveway at any house and put them by the door.
Her younger brother is a slob. One time she, her mother and my wife were at a family style restaurant. The three of them were cleaning up after her brother and me before the waitress could get there. Supposedly it isn’t inherited, but I’m sure she got it from her Mother/our DIL and my wife.
When we baby sit with them, it becomes WWIII with her younger brother to get him to do his homework. She just sits down, neatly arranges the homework in sequence and does it. She will ask for help if she doesn’t understand something.
Last year she was in competitive dancing and soccer. Her Obsessive Compulsive levels went to normal most days.
You asked — “How is paying someone else for it and shipping it halfway around the world better?”
Well, if you’re talking about “making a profit” — it’s because it’s cheaper to pay for that barrel of oil than the barrel that you drill for and take out of the ground here... LOL...
That’s why the idea of “drill, drill, drill” is absolutely *dead* — and the Democrats don’t even have to vote on it. The oil price crash did it already. All “drill, drill, drill” is dead...
ahhh - the more energy consumed with exercise the less left over for compulsiveness.
Makes sense.
Is it not amazing how the script...just...never...changes!
I have a Ridgeline and ran into the same max limits on Credit card fill ups.
It fills great with $30 something fillups now or $15 something fillups with my wife’s Lexus.
The cul de sac where our DIL and older son live, had several families in bad shape re making ends meet when gas got $4+ per gallon. At least one person in each couple had an hour plus commute each way plus the driving in surburbia to shop and get the kids to and from. With the lower gas prices, they are making ends meet and can stay in their homes.
F#$% that. Supporting parasitic unions is even more repulsive.
The cheating factor on huge blocks of invested money (millions billions) is much lower here.
This is a scary thought -- in light of the rampant fraud we've seen in various securities markets here in recent years.
Yep Drill Hear-Drill Now will not happen at these prices. Of course when the liberal enviro wackos get the price up to where they want it they will do everything in their power to stop it anyway.
Correction: the U.S. oil industry, all of which is public and therefore has shareholders who demand profit, CANNOT AFFORD to invest in drilling when the price is this low.
“ahhh - the more energy consumed with exercise the less left over for compulsiveness.
Makes sense.”
I wasn’t OC, but my parents used the same master plan to help control my behavior.
It worked with our sons and works with our grandkids.
When we baby sit with our grandkids, I turn on Fox Business News which makes them do their home work faster. When the first one is done, that kid and I go out to the cul de sac with the bike, scooter, skate boards, football or soft ball. Usually within minutes other kids come out to play. When the one still in the house hears their sibling and other kids having fund, he or she finishes their homework to get outside.
Over the years I have gotten to know the other parents fairly well. We organize and do instant ball games, bike races, skate boarding or whatever to wear the kids down and let them have fun. That evening our kids can barely eat, shower and then get into bed to sleep.
> Time to fill up my 57’ Chevy with the 327 camel hump heads... <
Now That’s a vehicle worth firing up.! bet it has a nice lope to it too.. Congrats’
“I thought the Dow and Crude prices usually moved in opposite directions.”
Generally, and lately, commodities traded as futures go up when the fed rate and dollar goes down. Same thing happened in the past few days, except, for oil.
The major moving force in commodities lately is gazillionaires parking, or de-parking there money. With oil this week something else is happening. I suspect the OPEC countries are producing way over what they are reporting, their faucets reaching their height now, spurred by the $150bbl of months ago.
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