User Tag List

+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 10 of 29

Thread: And we thought cheap oil was forever

  1. #1
    Points: 88,278, Level: 72
    Level completed: 42%, Points required for next Level: 1,472
    Overall activity: 39.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    77126
    Join Date
    Nov 2013
    Posts
    29,441
    Points
    88,278
    Level
    72
    Thanks Given
    3,839
    Thanked 9,091x in 6,830 Posts
    Mentioned
    184 Post(s)
    Tagged
    0 Thread(s)

    And we thought cheap oil was forever

    Remember when the gas prices fell a couple of years ago and we all were told that between our own enery production and other reasons oil would stay cheap.? But yet gas prices have been rising for a while and the seasonal price gouging with fuel oil is in full swing. So what happend to the supposed supply and demand economics we were told about a couple of years ago?
    Did an oil exec. miss a payment on the million dollar home he keeps for his second mistress or something?

  2. #2
    Points: 116,019, Level: 82
    Level completed: 79%, Points required for next Level: 631
    Overall activity: 79.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Ethereal's Avatar Senior Member
    Karma
    451602
    Join Date
    Sep 2013
    Posts
    41,234
    Points
    116,019
    Level
    82
    Thanks Given
    7,532
    Thanked 24,326x in 15,377 Posts
    Mentioned
    891 Post(s)
    Tagged
    0 Thread(s)
    Oil is still pretty cheap.
    Two things awe me most, the starry sky above me and the moral law within me.
    --Immanuel Kant

  3. #3
    Points: 14,953, Level: 29
    Level completed: 51%, Points required for next Level: 497
    Overall activity: 14.0%
    Achievements:
    SocialVeteran25000 Experience Points
    countryboy's Avatar Senior Member
    Karma
    8461
    Join Date
    Sep 2012
    Location
    Ohio, USA
    Posts
    4,804
    Points
    14,953
    Level
    29
    Thanks Given
    1,383
    Thanked 1,688x in 1,218 Posts
    Mentioned
    110 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by donttread View Post
    Remember when the gas prices fell a couple of years ago and we all were told that between our own enery production and other reasons oil would stay cheap.? But yet gas prices have been rising for a while and the seasonal price gouging with fuel oil is in full swing. So what happend to the supposed supply and demand economics we were told about a couple of years ago?
    Did an oil exec. miss a payment on the million dollar home he keeps for his second mistress or something?
    TBH, I don't remember being told that. Many of our domestic resources aren't cost efficient at today's barrel price. When the bottom fell out of oil prices a couple of years ago, it pretty much ended the fracking boom. We actually need oil prices to climb a bit before that comes back.

    Progressivism, ideas so good, they have to be mandatory

  4. #4
    Points: 27,940, Level: 40
    Level completed: 77%, Points required for next Level: 310
    Overall activity: 49.0%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5290
    Join Date
    Oct 2012
    Posts
    8,058
    Points
    27,940
    Level
    40
    Thanks Given
    1,856
    Thanked 1,767x in 1,361 Posts
    Mentioned
    45 Post(s)
    Tagged
    0 Thread(s)
    Allowing Saudi Arabia to drill in Alaska...

    ... an' allowin' Bushes cronies to sell oil to other producers...

    ... ain't helpin' matters much.

  5. The Following 2 Users Say Thank You to waltky For This Useful Post:

    Crepitus (01-10-2018),donttread (01-10-2018)

  6. #5
    Points: 8,614, Level: 22
    Level completed: 21%, Points required for next Level: 636
    Overall activity: 2.0%
    Achievements:
    3 months registered5000 Experience Points
    Captdon's Avatar Senior Member
    Karma
    1845
    Join Date
    Aug 2017
    Location
    South Carolina now.
    Posts
    4,023
    Points
    8,614
    Level
    22
    Thanks Given
    4,146
    Thanked 1,835x in 1,379 Posts
    Mentioned
    14 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by donttread View Post
    Remember when the gas prices fell a couple of years ago and we all were told that between our own enery production and other reasons oil would stay cheap.? But yet gas prices have been rising for a while and the seasonal price gouging with fuel oil is in full swing. So what happend to the supposed supply and demand economics we were told about a couple of years ago?
    Did an oil exec. miss a payment on the million dollar home he keeps for his second mistress or something?
    I pay 3 cents a gallon more. Texas refinaries being down accounts for that.

  7. #6
    Points: 88,278, Level: 72
    Level completed: 42%, Points required for next Level: 1,472
    Overall activity: 39.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    77126
    Join Date
    Nov 2013
    Posts
    29,441
    Points
    88,278
    Level
    72
    Thanks Given
    3,839
    Thanked 9,091x in 6,830 Posts
    Mentioned
    184 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Ethereal View Post
    Oil is still pretty cheap.
    OK then why are gas and kerosene going up? Who's profiteering where?

  8. #7
    Points: 88,278, Level: 72
    Level completed: 42%, Points required for next Level: 1,472
    Overall activity: 39.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    77126
    Join Date
    Nov 2013
    Posts
    29,441
    Points
    88,278
    Level
    72
    Thanks Given
    3,839
    Thanked 9,091x in 6,830 Posts
    Mentioned
    184 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Captdon View Post
    I pay 3 cents a gallon more. Texas refinaries being down accounts for that.

    Three cents a gallon more than when? Up here the increases during the last year have been on the news. And I've seen them at the pump. As a matter of fact AAA says 2018 kicked off with the highest gas prices since 2014. I think you are the frog in the slowly warming water.. There were individual WEEKS last year where gas went up more than 3 cents.
    Last edited by donttread; 01-10-2018 at 05:04 PM.

  9. #8
    Points: 88,278, Level: 72
    Level completed: 42%, Points required for next Level: 1,472
    Overall activity: 39.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    77126
    Join Date
    Nov 2013
    Posts
    29,441
    Points
    88,278
    Level
    72
    Thanks Given
    3,839
    Thanked 9,091x in 6,830 Posts
    Mentioned
    184 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by countryboy View Post
    TBH, I don't remember being told that. Many of our domestic resources aren't cost efficient at today's barrel price. When the bottom fell out of oil prices a couple of years ago, it pretty much ended the fracking boom. We actually need oil prices to climb a bit before that comes back.
    I've always felt that gas prices decreased heavily periodically to discourage alternate energy or methods. Oh course that wouldn't happen in a real free market. But there hasn't been one of those in oil in decades if there ever was one. In the absence of a free market we need consumers with foresight. So therefore we are $#@!ed.

  10. The Following User Says Thank You to donttread For This Useful Post:

    waltky (01-10-2018)

  11. #9
    Points: 5,766, Level: 18
    Level completed: 3%, Points required for next Level: 584
    Overall activity: 36.0%
    Achievements:
    3 months registered5000 Experience Points
    Kacper's Avatar Senior Member
    Karma
    1027
    Join Date
    Aug 2017
    Posts
    2,404
    Points
    5,766
    Level
    18
    Thanks Given
    495
    Thanked 1,017x in 747 Posts
    Mentioned
    9 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by donttread View Post
    Remember when the gas prices fell a couple of years ago and we all were told that between our own enery production and other reasons oil would stay cheap.? But yet gas prices have been rising for a while and the seasonal price gouging with fuel oil is in full swing. So what happend to the supposed supply and demand economics we were told about a couple of years ago?
    Did an oil exec. miss a payment on the million dollar home he keeps for his second mistress or something?
    $2.20 for 87 last time I filled up (which was a few days ago) which was higher than usual. It had been floating back and forth in the $2.00-$2.10 range until the holidays came and global warming dropped temps to the single digits. That means gas down the road is about $2.80 right now because the neighboring state's higher tax rate keeps it consistently 50 cent more a gallon.

  12. #10
    Points: 88,278, Level: 72
    Level completed: 42%, Points required for next Level: 1,472
    Overall activity: 39.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    77126
    Join Date
    Nov 2013
    Posts
    29,441
    Points
    88,278
    Level
    72
    Thanks Given
    3,839
    Thanked 9,091x in 6,830 Posts
    Mentioned
    184 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Kacper View Post
    $2.20 for 87 last time I filled up (which was a few days ago) which was higher than usual. It had been floating back and forth in the $2.00-$2.10 range until the holidays came and global warming dropped temps to the single digits. That means gas down the road is about $2.80 right now because the neighboring state's higher tax rate keeps it consistently 50 cent more a gallon.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO