Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Collapse in oil prices: producers howl, consumers cheer, economists fret
The Guardian ^ | Tuesday, December 16, 2014 | Staff

Posted on 12/16/2014 9:55:53 AM PST by Star Traveler

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-28 last
To: RedStateRocker

most of the cost of gas and anything is due to your government regulations and taxes not the efficient private industry . you live in california and are blaming oil producers in another state . you live in practially a communist regime where the price of everything is skyrocketing , gas there in california is almost $2 more expensive per gallong than Here in Louisiana, a House is $400,000 in california, an operation is $50,000 everywhere because of government regulations not the free market which usually drops the price to near zero (evidence the dollar tree where every item is a $1)


21 posted on 12/16/2014 11:02:33 AM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Made In The USA; All
Right now gas is about $1 less per gallon - so that’s about an extra $180/month ($2,160 year) in our pocket.

And, what happens to that extra cash? Consumer spending. It's a plus for the entire economy.

The shale oil producers have done a great job of leveling the playing field and bringing us closer to energy independence. Prices will stabilize at fair market... they should have realized that.

22 posted on 12/16/2014 11:04:53 AM PST by DaveMSmith (Evil Comes from Falsity, So Share the Truth)
[ Post Reply | Private Reply | To 12 | View Replies]

To: RedStateRocker
most of the cost of gas and anything is due to your government regulations and taxes not the efficient private industry . you live in california and are blaming oil producers in another state . you live in practically a communist regime where the price of everything is skyrocketing , gas there in California is almost $2 more expensive per gallon than Here in Louisiana, a House is $400,000 in California, a medical operation is $50,000 everywhere in the USA because of government regulations not because of the efficient free market which usually drops the price to near zero (evidence the dollar tree where every item is a $1)
23 posted on 12/16/2014 11:05:39 AM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
[ Post Reply | Private Reply | To 14 | View Replies]

To: yoe

We should be thanking Saudi Arabia for doing what Obama won’t do in stopping Iran!

Saudi Arabia’s oil war against Iran and Russia
http://nypost.com/2014/12/14/saudi-arabias-oil-war-against-iran-and-russia-2/


24 posted on 12/16/2014 11:06:16 AM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Star Traveler

....what’s going on? A global imbalance of supply and demand....

Occam’s Razor applies.


25 posted on 12/16/2014 1:04:36 PM PST by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoFloFreeper

My pet theory, QE stopped flowing, hedge funds and investment banks lost their free money to gamble and speculate on oil futures, price per barrel adjusted down to the actual demand curve.

With 98M not looking for jobs, a majority of Millenials not driving, and the actual cost of living for the average guy going up, the demand for oil will most likely continue dropping the price.


26 posted on 12/16/2014 1:56:43 PM PST by Gen-X-Dad
[ Post Reply | Private Reply | To 25 | View Replies]

To: Star Traveler

I bought diesel for $2.82 at Sam’s today


27 posted on 12/16/2014 1:59:54 PM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
[ Post Reply | Private Reply | To 1 | View Replies]

To: yoe

I have family members who own oil, natural gas, and coal concerns. This won’t affect them much at all, because they have enough wealth to see them through.

I also have family who are on the other end of the stick - working in oil fields, refineries, and on oil rigs.

They know that the work they do is cyclical, and always have something to fall back on. Every boom has a bust. Always.

From top to bottom, energy is a cyclical endeavor. Those who fail to plan are bound to fail.

OPEC isn’t killing anything. The Bakken Fields will still be there when prices rise again. This isn’t the first downturn and it won’t be the last.

What is temporarily bad for some people is going to be good for others. I hope it spurs technology in the direction of getting energy out of the ground in better/cheaper ways.


28 posted on 12/17/2014 1:53:38 AM PST by mountainbunny (Faithless is he that says farewell when the road darkens ~ J.R.R. Tolkien)
[ Post Reply | Private Reply | To 11 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-28 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson