I don't want to think about it, neither does anyone else
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As demand rises, OPEC continues to put restrictions on the amount of oil that can be pumped from the ground...
I think, should check my facts on this
I think, should check my facts on this
Last edited by Commie Killer (2008-04-20 19:30:01)
Tomorrow we will erase the nice gains we had Friday.
^DJI 12,849.36 Up: 228.87 Up: 1.81%
^DJI 12,849.36 Up: 228.87 Up: 1.81%
Xbone Stormsurgezz
Please, please be right.Kmarion wrote:
Tomorrow we will erase the nice gains we had Friday.
^DJI 12,849.36 Up: 228.87 Up: 1.81%
I need all the kids I am competing against in the virtual stock exchange to lose a bunch of money.
Don't worry I am.. meet me back here same time tomorrow..lol. Everytime we get near the 13k mark we fumble back down.nukchebi0 wrote:
Please, please be right.Kmarion wrote:
Tomorrow we will erase the nice gains we had Friday.
^DJI 12,849.36 Up: 228.87 Up: 1.81%
I need all the kids I am competing against in the virtual stock exchange to lose a bunch of money.
Xbone Stormsurgezz
Its going to keeo going up and up until three things happen
1. the fed raises interest rates to prop up the dollar - then oil imports will become cheaper and the real depression will start.
2. the government bans oil and gasoline from being traded on the futures market - oil refining is more of a service not a commodity anyway
3. we declare OPEC to be a terrorist organization whose purpose is economic warfare against the US and we start bombing one OPEC country a week until the price of oil drops below $50 a barrel.
we are going to continue to be bent over by OPEC until our government finds its sack and straightens out this mess.
But the real funny thing is that the price keeps going up, but there is no problem with supply... there are no shortages at the pumps like in 1973 so someone in the chain from oil well to gas pump is taking a lot of money out of our pockets.
I think that we will see $5 gas this summer... diesel is already $4 here and gas is close behind that.
1. the fed raises interest rates to prop up the dollar - then oil imports will become cheaper and the real depression will start.
2. the government bans oil and gasoline from being traded on the futures market - oil refining is more of a service not a commodity anyway
3. we declare OPEC to be a terrorist organization whose purpose is economic warfare against the US and we start bombing one OPEC country a week until the price of oil drops below $50 a barrel.
we are going to continue to be bent over by OPEC until our government finds its sack and straightens out this mess.
But the real funny thing is that the price keeps going up, but there is no problem with supply... there are no shortages at the pumps like in 1973 so someone in the chain from oil well to gas pump is taking a lot of money out of our pockets.
I think that we will see $5 gas this summer... diesel is already $4 here and gas is close behind that.
well, we could drill our own oil...
nah, giving hostile nations billions of undeserved dollars is more fun.
nah, giving hostile nations billions of undeserved dollars is more fun.
Diesel is $4.43/gallon here, regular gas is ~$3.50.Diesel_dyk wrote:
I think that we will see $5 gas this summer... diesel is already $4 here and gas is close behind that.
I really hope it doesn't hit $5/gallon. I won't be able to afford that.
Last edited by SenorToenails (2008-04-20 21:49:19)
OPEC is nice reminder why monopolies benefit no one the pricks running them, and no one else.
Last edited by nukchebi0 (2008-04-20 21:48:30)
over 9000
I dunno, probably 150, with the rate of gas at this point. 20 cents in a fucking month. Ridiculous.
I dunno, probably 150, with the rate of gas at this point. 20 cents in a fucking month. Ridiculous.
Maybe $160 this summer, and $200 by the end of the year. That's if things don't fall apart, and I'm not getting into it.
OPEC isn't the problem. Oh, and expect a 25% cut in the stock market this month or May.nukchebi0 wrote:
OPEC is nice reminder why monopolies benefit no one the pricks running them, and no one else.
4 srs?Phrozenbot wrote:
Maybe $160 this summer, and $200 by the end of the year. That's if things don't fall apart, and I'm not getting into it.OPEC isn't the problem. Oh, and expect a 25% cut in the stock market this month or May.nukchebi0 wrote:
OPEC is nice reminder why monopolies benefit no one the pricks running them, and no one else.
I thought that OPEC was just artificially raising the prices.
nukchebi0 wrote:
4 srs?Phrozenbot wrote:
Maybe $160 this summer, and $200 by the end of the year. That's if things don't fall apart, and I'm not getting into it.OPEC isn't the problem. Oh, and expect a 25% cut in the stock market this month or May.nukchebi0 wrote:
OPEC is nice reminder why monopolies benefit no one the pricks running them, and no one else.
I thought that OPEC was just artificially raising the prices.
Weak dollar caused oil's rise, OPEC president says
OPEC doesn't set prices, they set production levels (with a price in mind).I thought that OPEC was just artificially raising the prices.
A part of the 'rise' has been the collapse in the dollar.
If the US still had oil would they be giving it away cheap in a sellers market?OPEC is nice reminder why monopolies benefit the pricks running them, and no one else.
Its a scarce commodity now, due in large part to the incredible rate of consumption by the US.
Now you're competing with China, India etc the price goes up.
Fuck Israel
Yeah, I see now. Economics isn't my strong suit, since I haven't had any classes dealing with it.
Every time our government prints a dollar, it makes the dollar in your pocket worth less. this is the government's artificial way of boosting the economy.
So the people claiming that the price increases are due to increased consumption in China and India have it backward, eh? You should write them a letter or something.Dilbert_X wrote:
If the US still had oil would they be giving it away cheap in a sellers market?
Its a scarce commodity now, due in large part to the incredible rate of consumption by the US.
Now you're competing with China, India etc the price goes up.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
No, thats why I wrote 'Now you're competing with China, India etc the price goes up.'So the people claiming that the price increases are due to increased consumption in China and India have it backward, eh? You should write them a letter or something.
Its a mix of factors, not just what Fox has decided it is.
Fuck Israel
AT LEAST $150, probably $180 or even $200.
"people in ny have a general idea of how to drive. one of the pedals goes forward the other one prevents you from dying"
WTF does the former President of Mexico have to do with this discussion?Dilbert_X wrote:
No, thats why I wrote 'Now you're competing with China, India etc the price goes up.'So the people claiming that the price increases are due to increased consumption in China and India have it backward, eh? You should write them a letter or something.
Its a mix of factors, not just what Fox has decided it is.
Oh...you think only Fox News is talking about the increase in consumption in China and India being the prime driver of demand-side price increases?
google ftw
You blame the US consumption, but that has remained at a fairly constant level (to include growth) for a while. It is the sudden increase in demand from China and India that has caused much of the increase in price related to a tighter supply.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
Fuck oil. We have plenty of miserable weather here, and a good Nuclear Technology base - lets make the most of it. Now is the time to really push for proper, most importantly, cheaper alternatives to fuel our cars and make electricity.
What does everyone need oil for? Mostly power generation and fuel for transport. If we can atleast cut out the oil from power generation and transport, we can cut out a huge chunk.
Hopefully the rising prices will force countries like China, India and more importantly us folk in the West to become less reliant on Oil. Of course, people think that it's homosexual/queer to drive a car that doesn't use the stuff. So we're pretty much doomed.
< - Even they're trying to be less reliant on oil (er, look a little up, the F1 car)
What does everyone need oil for? Mostly power generation and fuel for transport. If we can atleast cut out the oil from power generation and transport, we can cut out a huge chunk.
Hopefully the rising prices will force countries like China, India and more importantly us folk in the West to become less reliant on Oil. Of course, people think that it's homosexual/queer to drive a car that doesn't use the stuff. So we're pretty much doomed.
< - Even they're trying to be less reliant on oil (er, look a little up, the F1 car)
Last edited by Mek-Stizzle (2008-04-28 03:27:00)
isn't there some huge deposit in the gulf of mexico that will provide us with oil for around 70 moar years? read about it in popular mechanics quickly.
"people in ny have a general idea of how to drive. one of the pedals goes forward the other one prevents you from dying"
The incredible and profligate US consumption has led in large part to the tighter supply, plus obviously the instability in the ME.You blame the US consumption, but that has remained at a fairly constant level (to include growth) for a while. It is the sudden increase in demand from China and India that has caused much of the increase in price related to a tighter supply.
China and Indian consumption is part of of, as I said already. I didn't say anyone had it backward.
Fuck Israel
"The incredible and profligate US consumption" has always been there (ie, it's a baseline). Deviations from the baseline cause supply issues...those would be spikes in demand from China and India (primarily). Don't blame the baseline for the decrease in supply, as the production is geared primarily to support the baseline...it just can't easily absorb the spikes above the baseline.
Last edited by FEOS (2008-04-28 03:32:54)
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular