RE: Crude's steep drop

RE: Crude's steep drop (Full Version)

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OrionTheWolf -> RE: Crude's steep drop (8/5/2008 3:04:38 PM)
Does the workers and families of Exxon Mobile, giving 3 to 6 times as much as any other oil company mean anything? That is the ratios given to Obama. http://www.factcheck.org/elections-2008/obamas_oil_spill.html quote: ORIGINAL: Owner59 ~~~~~~~~~~~~~~ With the best con men in the world, their victims who don`t even know they`ve been conned. The 2nd best con men in the world have victims who know they`re getting conned but are to imbarassed to admit it or worse,take pride in being swindled.That would be the neo-con mindset.

MasterRenegade77 -> RE: Crude's steep drop (8/5/2008 6:10:18 PM)
There never has been an oil shortage in America check out http://video.google.com/videoplay?docid=3340274697167011147

TheUtopian -> RE: Crude's steep drop (8/6/2008 12:00:57 AM)
quote: ORIGINAL: Thadius quote: ORIGINAL: DarkSteven quote: ORIGINAL: FirmhandKY Also, finally, a question. Will the lowering prices help the Democratic, or the Republican candidate this election? Firm The answer SHOULD be that the crappy economy, including high gas prices, will favor the Democrats. But the GOP managed to create a "solution" of offshore drilling and is hammering that the Dems are holding up the solution and keeping gas high. Amazingly, they are getting away with it. Obama's campaign has not met this well. He should be running ads that show what gas cost when Bush took office and now and paint the price rise as the consequence of a GOP administration and simply ask, "Are you tired of the Republican economy yet?" Not exactly honest, but neither is the oil drilling solution either. Or perhaps look a the $2 a gallon increase since Pelosi took control of congress? We are getting screwed, plain and simple. Why will she not allow a simple up or down vote on the proposals in the House? I still remember the words as the election results came in... we will fight to lower the price of gas... What has she done? Blocked votes on proposals by her own party, and the bipartisan ones. http://www.youtube.com/watch?v=F10alN28eyw Let's face it though, since Bush got rid of the executive moratorium oil prices have dropped by $20 a barrel, if congress was to lift their moratorium we could easily see another $20 or more drop. Pelosi is playing the lightning rod here, and pointing her finger at the Sith lords in the White House, she is sure that she will win reelection, so it doesn't matter what she does. Her hand will be forced by the end of Sept though, as the moratorium expires. This will be an interesting situation to watch. The ''cry'' for ''drilling'' is a complete red herring that's been designed to be used as a wedge issue in the upcoming election. Just like if you were to ''tap''a girl.....Bush can use the unitary privileges of the executive branch to ''tap'' what's known as '' The Defense Production Act '' in order to drill anywhere or build more refineries.... The '' Defense Production Act '' usurps/renders useless every potential litigatious threat made possible by way of collective efforts of every left-leaning attorney,every left-leaning judge and left-leaning conservationist group throughout the land. And Firmhand.....with brass on your collar, you oughta now that better than anyone [;)] - R

OrionTheWolf -> RE: Crude's steep drop (8/6/2008 8:16:52 AM)
Red Herring for the oil prices but not the effect on the economy. First let me say, we need alternate fuel, but we also need to stop sending so much of our money out of the country. Take just 10% of what goes out, 20 Billion, and it would stimulate something here. The reason I agree it is a red herring is that the refineries is where the bottle neck is.

popeye1250 -> RE: Crude's steep drop (8/6/2008 9:20:16 AM)
And there's waning demand in India and China as more people get laid off from jobs in the U.S.A. and are unable to buy as much junk in Walmart stores too. And speculators never "take delivery". Again, there is no shortage of oil or gasoline! The world is awash in oil! But, it's always "what the market will bare." When gasoline hit $4 per gallon "demand" just fell off a cliff! Gas stations depend on what's "in the store" not what's "in the tanks underground" for their profits and many of them here were off by 30-40%! I'd like to revise my price estimate for gas in December downward to $2.20-$2.40 per gallon. All commodity bubbles come to an end and over-correct to the downside so even my revised estimates above may be too high.

Termyn8or -> RE: Crude's steep drop (8/6/2008 9:27:32 AM)
Somewhere on the forum someone actually gave figures on how much of what they get out of a barrell of oil. They may be accurate right now, but with light sweet the proportions can be varied. Soon they will be shifting a bit to produce more heating oil. This will drive the price of other petroleum distillates up. Ever heard the phrase "Whatever the market will bear" ? They have now tested the market to see what it can bear. Sure, around election time prices are going to be down for gasoline, but then fill your heating oil tank. We can't boycott. We need the stuff. The big boys play this game, it's competely out of the league of the common Man. For example now we have a bunch of city buses that run on natural gas. Look at what has happened to the cost of natural gas. And they expect a 30% increase this year. Someone created a significant demand, and there isn't a thing we can do about it. The only thing we can do is use less. Be colder in the winter, drive less, carpool, use public transportation. Buying a house was the American dream, and having a car was not so common years ago but many consider it a necessity now. I got a buddy who takes public transportration to work even though his truck is perfectly fine. In days past he would actually study as he rode, and better himself rather than worrying about if this Lexus is going to cut him off. But alot of people see some sort of stigma associated with using public transportation. If I could I would, but in my situation it's just not practical. And last but not least, if demand hadn't dropped the price would have stayed at four bucks a gallon. That is how business is done today. They will take it to the breaking point, and at this point they have detected just what the market will bear. If demand would have not decreased, they would have tried for more. Business is business. T

popeye1250 -> RE: Crude's steep drop (8/6/2008 10:28:50 AM)
Term, demand started dropping off at $3 per gallon. After that it was in "bubble territory." Since May demand has fallen by double digits. I'm still only buying 4 or 5 gallons at a time. I haven't "filled up" my tank in months now! This economy simply can't function on $4 per gallon gasoline. Things start to break down.

Alumbrado -> RE: Crude's steep drop (8/6/2008 10:42:23 AM)
As I've said before, this has nothing to do with SUVs or hurricanes... they will charge exorbitant prices as long as people are willing to pay them...as soon as that switch is tripped they will rush to 'buy business' away from their competitors.

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