Results 26 to 50 of 1471
Thread: Fuel Prices.
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12-03-2014, 07:15 PM #26
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12-03-2014, 07:17 PM #27
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12-03-2014, 07:28 PM #28
Come on dude - I'm staying with my point I was making when all the conservatards were blaming Obama for high gasoline prices - it's not the POTUS' fault (or credit) since it's a global commodity. The current state of affairs does however blow a hole in the GOP candidates' narrative of the last election that the Administration's unwillingness to sign over drilling rights to places like ANWR was going to doom us all to $5 gas forever.
Ice - read the Bloomberg link in Mud's post.
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12-03-2014, 07:30 PM #29
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12-03-2014, 07:31 PM #30
Ah, missed that.
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12-03-2014, 07:31 PM #31
I'd credit Obama for it. He never put the EPA brakes on the fracking which is why the growing US oil and production and why the Saudi's are trying to kill it by flooding the market with oil, drive the price below what is profitable for US (and Euro) frackers.
If environmentalists are going to blame him for the full on fracking, he should get "credit" for it and Saudi's reaction to kill it.
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12-03-2014, 07:35 PM #32
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12-03-2014, 07:45 PM #33
Got a man of the people
Says keep hope alive
Got fuel to burn
Got roads to drive
Just a little lower and I'll be able to fill my truck with one card swipe.
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12-03-2014, 07:55 PM #34
Not puzzling at all and Saudis have done this before (and full on oil embargoes vs. US) with solid track record of success. Saudi's goal is keep US energy inefficient and oil use high for profit and protection (see last 24 years of Middle East oil wars mostly to shield the Saudi oil pump). Saudis had a deal with Reagan in 1980, Reagan would kill US energy conservation plans of Nixon/Ford/Carter in return for cheap oil to boost US economy. Worked for Saudis national interest and Reagan political interest but not so good for US when Reagan BFF's Saddam and Bin Laden didn't go by the script and US had to go to war to save the Saudi's from them both, that tab is $17T and going up since we never did have a "Patriot Tax" to pay for the costs.
Current situation is just as dangerous for Saudis, if US fracking is not stopped, even at current US energy inefficiency (50% less per capita and per GDP dollar than Europe or Asia), US will not be importing oil in 10 years and going to war for Saudi's will not be such a priority. It even reverses the role of US as disruption of Saudi oil makes US producers way more money and gives US big economic advantage over oil importing economies...like China, Japan, EU.
So Saudi's are waging war on US fracking industry and some folks in US seem to be cheering on the Saudi's.
$1/gallon Patriot Tax now pays for the past mistake and fends off the Saudi attack.
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12-03-2014, 08:02 PM #35
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12-03-2014, 08:13 PM #36
Thank you Elon and pals!
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12-03-2014, 08:23 PM #37
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12-03-2014, 08:39 PM #38
Exactly. He gets credit for letting the frackers rip it up and it's the US fracker oil and gas that has US headed to no oil imports by 2020. It's not the money to the Saudi's, it's US military protection. If US doesn't directly need imported oil, US has not only much less interest in the events in the Middle East but much different interests. If US is not importing oil then disruptions in Middle East oil give US an economic advantage over our oil importing rivals.
Forbes had a take on it.
The U.S. needs this oil boom to continue, says Hirs. And the way to do it is by de-linking from the global market, insulating America’s oil price from OPEC manipulation.In 2012 the forecast that America’s oil output would overtake the IEA updated its forecast and said it would instead happen in 2015. Now comes word that America’s surging oil output (having nearly doubled since 2008 to a recent 9.2 million barrels per day) will top Saudi’s this year, .
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12-03-2014, 08:50 PM #39Registered User
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Wife paid $1.81/ gal. w/ the Kroger card discount here in Dallas this week...roughly $2.20/ gal cheaper than what we paid in Seattle when we moved from there a year ago.
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12-03-2014, 08:59 PM #40
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12-03-2014, 09:02 PM #41
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12-03-2014, 09:11 PM #42
Diesel is still ridiculous...
Brandine: Now Cletus, if I catch you with pig lipstick on your collar one more time you ain't gonna be allowed to sleep in the barn no more!
Cletus: Duly noted.
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12-03-2014, 09:13 PM #43Banned
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2.68 seacoast nh today
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12-03-2014, 09:14 PM #44Banned
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12-03-2014, 09:28 PM #45Registered User
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12-03-2014, 09:53 PM #46
4.17 at local gas stations in Maui, 3.46 at Maui Costco….
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12-03-2014, 10:18 PM #47
Move this geo-political bs to polyasshat you fucking apparatchiks.
Did the last unsatisfied fat soccer mom you took to your mom's basement call you a fascist? -irul&ublo
Don't Taze me bro.
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12-03-2014, 10:24 PM #48Registered User
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$2.30 in South Carolina where I am now, $2.90 in Las Vegas last week.
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12-03-2014, 10:31 PM #49
Fuel Prices.
I hear the price of pudding pops has also dropped do to too much drilling!
2.79 Annapolis
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12-03-2014, 10:53 PM #50
I'm sure the same goes for Canadian Oil Sands. And to add to the fun, in the province of Alberta, for every $1 drop in the price of oil, the province loses $200 million in royalty revenue.
But I just bought my first truck so this is awesome.
0.99 / L Canadian... which I figure as about $3.29/gallon USD.Last edited by Shorty_J; 12-03-2014 at 11:09 PM.
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