Posted on 09/30/2014 10:07:50 PM PDT by Rabin
World oil prices tumbled to their lowest in more than two years on Tuesday, with U.S. crude posting its biggest daily decline since 2012... the U.S. dollar rose.
(Excerpt) Read more at english.alarabiya.net ...
R.
The corrupt hussein regime hates domestic energy and seeks to destroy the shareholders (like me) of ExxonMobil by depressing prices and profits. Of course, his co-religionists in the Arab world are rolling in the wealth. Sarah Palin was right:
LOL price fixing to defang any new oil currency?....Ill take it!:)
Well just damn! Our well just came in! Now we will get less for the oil.
At $95, you’ll be alright.
Obola will make sure the price of 87 octane stays at least $3 a gallon. Book it.
Under the leadership of Newt Gingrich in the 90s, we enjoyed gasoline prices of 78 cents a gallon here in Texas. Yet domestic energy companies were making good profits with real value for the shareholders. The hussein regime has conspired to keep gasoline prices at historically high levels while also killing profitability for domestic energy providers.
NG, LP, coal, shale oil, pick one. If there was even a way to efficiently recycle septic tank pumpings into a environmentally friendly, sustainable energy source, the psycho-Greenies and Eco-Fascists who didn’t have a controlling stake in it would find a way to suppress it until they had absolute dominion over the process, technology, and distribution.
It’s just temporary. It will go back up after the election. We need low gas prices now so the economy will look better come election day.
Gold’s about to “swoon” below 1200 too.
“Swoon” just doesn’t seem to be the right word for either commodity’s behavior. Both prices still seem high.
$30 oil? That would be “swooning”.
-——$30 oil? That would be swooning.-——
Be careful what you wish for....
Would you invest millions of your money at $30 a barrel....
I know I won’t....with zero return on your money....
You sure drew a bunch of (erroneous) conclusions from my earlier post. Not sure what set you hopping off down THAT rabbit trail!
** I don’t “wish” for $30 oil, nor did I say I did.
** If oil dropped to $30, I wouldn’t “invest millions of my money” in it. Nor did I say, or even imply, that I would.
Which one is pushing which? ....... Just askin' ....
“LOL price fixing to defang any new oil currency?....Ill take it!:)”
Oil price fixing to make rats look good in November. By October 30 gas should be under 3 bucks.
Liberals love to slam the oil companies but I’ve always asked “name any other business where the price for their product actually goes down after it goes up?” Most other goods at the consumer end, once the decision is made to raise prices, you’ll never see it drop again.
its been below $95 for more than a week...
The Saudi government is not pleased. More money will flow to the anti-oil groups.
...we enjoyed gasoline prices of 78 cents a gallon here in Texas.
That would barely cover the taxes today.
At about $75 to $80 per barrel the drilling will stop in the Bakken and North Dakota would shut down again.
Think about this. I lived in Idaho back in 1998. At that time, gas prices in some areas of the state were right at $1.00/gallon. Also at that time, fuel taxes on that same gallon of gas were 18.4 cents for the feds (up from 18.3 cents in 1997), and 25 cents for the state. That's a total of 43.4 cents/gallon in taxes. It was also 43.4% of the total price/gallon. Those tax rates haven't changed in 14 years for the fed or Idaho. So the companies were making nice profits on fuel that was going for 56.6 cents a gallon without tax.
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