Oil Prices Dip Below $50

[Plainsman]

Where is the press on this? Why aren't the politicians grand standing? How much $ are the oil companies losing? How come the price at the pump isn't reflecting this?

Story

 

[POINTER94]

Re: Oil Prices Dip Below $50

George W. Bush is just lining..... trying to help....... Haliburton......... a conspiracy of.......... the rich............... it just isn't fair.

 

[treedancer]

Re: Oil Prices Dip Below $50

1.85 a gal in St.Louis today.8)

 

[OldMercsRule]

Re: Oil Prices Dip Below $50

1.85 a gal in St.Louis today.8)

Tree, Please 'splain somethin' to me. Why is diesel more expensive then regular old gas? Seems that it's been that way for a few years. Also seems that it would be easier to produce then gasoline. Must drive you T drivers nuts. Or the good ol' boys with the big bad diesel 4 X 4 one ton dualies. JR

 

[WillyBWright]

Re: Oil Prices Dip Below $50

Gas is going down. Thank global warming. Warm weather, less demand for heating oil. Problem is the refined stuff is still in the system from the old barrel prices. Suppliers are taking a beating. But they sure are always willing to jack the prices of cheaper gas in the system when the barrel prices go up. It's been on the news a lot. $1.999 here. Fill your tanks while you can. Soon as the bombs start dropping on Iran, back up to $3+ again.

 

[treedancer]

Re: Oil Prices Dip Below $50

It is a lot easer to produce than gas, that is a bone of contention among truckers; it has historically been cheaper that gas accepts the last three years. The hell of it is that everybody is paying the price in transportation cost, no free rides. This year they said that it is because of the environmental regulations going into effect, well that don’t explain the last two years?? Hearing a lot of grumbling on the radio about a nationwide truckers shut down.:%

 

[ZmOz]

Re: Oil Prices Dip Below $50

Still $2.67 here.

 

[WillyBWright]

Re: Oil Prices Dip Below $50

Pols aren't crowing cuz...
1. election's over,
2. they have no control anyhow. Just a yen to blame the other side during elections when prices are high.

 

[Plainsman]

Re: Oil Prices Dip Below $50

Anybody ever imagine that is was the dems that caused the prices of oil to sky rocket to help them win in November? I mean if the left can spew that it was all President Bush and his rich oil buddies, why not speculate, which is all that they did.......maybe we've all been fooled by the likes of dingy, turbin and lil nancy?

 

[JB]

Re: Oil Prices Dip Below $50

1. The price of crude is driven by investors/speculators, just like stocks, pork bellies, precious metals, etc. It is not set by the oil companies, the government or anyone, except that the producing nations can raise or lower the supply.

2. The gas you are buying now was purchased at the high prices. The oil companies are not losing money. It will catch up.

3. The politicians are keeping quiet because if they take credit for lowering prices they have to accept blame when they rise again. Of course, rising prices are always GW's fault and falling prices have nothing to do with GW.

 

[BoatBuoy]

Re: Oil Prices Dip Below $50

A gas thread and the gas-master himself (RF) is nowhere to be found.

 

[Tail_Gunner]

Re: Oil Prices Dip Below $50

1. The price of crude is driven by investors/speculators, just like stocks, pork bellies, precious metals, etc. It is not set by the oil companies, the government or anyone, except that the producing nations can raise or lower the supply.

2. The gas you are buying now was purchased at the high prices. The oil companies are not losing money. It will catch up.

3. The politicians are keeping quiet because if they take credit for lowering prices they have to accept blame when they rise again. Of course, rising prices are always GW's fault and falling prices have nothing to do with GW.

Take note of that post, there is a lot of truth there, Little side note: there never has been a oil shortage............never we are are just a victim of our new's (what a joke) media complex.

Do you feel like a child, you should you have been treated as such and ya'all blame it on you belief[s of demorcracy ...................... it make's me cry almost.

 

[QC]

Re: Oil Prices Dip Below $50

treedancer is a trucker? How'd I miss that? No wonder I put up with his carp . . . 8) Trucks pay my bucks, trucks bring my stuff . . . BTW, a gallon of gasoline holds around 120,000 btu's, a gallon of diesel holds around 140,000 btu's. Also, that old bugaboo, supply and demand . . . dang, dang dang!! And I simply don't understand, why oh why would those evil oil companies allow this to happen? They control everything, and there is a global cooling issue here in the west, strike while the iron is . . . ehhh . . . cold? Hmmmmmmmmmm?

 

[crunch]

Re: Oil Prices Dip Below $50

1. The price of crude is driven by investors/speculators, just like stocks, pork bellies, precious metals, etc. It is not set by the oil companies, the government or anyone, except that the producing nations can raise or lower the supply.

2. The gas you are buying now was purchased at the high prices. The oil companies are not losing money. It will catch up.

3. The politicians are keeping quiet because if they take credit for lowering prices they have to accept blame when they rise again. Of course, rising prices are always GW's fault and falling prices have nothing to do with GW.

How many times has this been explained here?

Another reason prices at the pump don't follow the commodity price is shear simple greed from the guys that own the pumps..... it's called the rocket up and the feather down principle.

The guys at the pump will raise prices at the drop of a hat or a sneeze in any sector of the oil industry. (hint, they make more money that way)

The guys at the pump will only lower prices if the guy next door lowers his. (hint, they make more money that way)

Oil prices, gas stock prices, and heavy distillates have been falling like a rock for the last 5 months. Oil prices are as low as they where in April 2005.... is your gas?.... Noooo. Is your diesel?.... Nooooo.

Do you know why? Do you know why the price goes up in the summer? Why it goes up during Hollidays?

 

[Tail_Gunner]

Re: Oil Prices Dip Below $50

1. The price of crude is driven by investors/speculators, just like stocks, pork bellies, precious metals, etc. It is not set by the oil companies, the government or anyone, except that the producing nations can raise or lower the supply.

2. The gas you are buying now was purchased at the high prices. The oil companies are not losing money. It will catch up.

3. The politicians are keeping quiet because if they take credit for lowering prices they have to accept blame when they rise again. Of course, rising prices are always GW's fault and falling prices have nothing to do with GW.

How many times has this been explained here?

Another reason prices at the pump don't follow the commodity price is shear simple greed from the guys that own the pumps..... it's called the rocket up and the feather down principle.

The guys at the pump will raise prices at the drop of a hat or a sneeze in any sector of the oil industry. (hint, they make more money that way)

The guys at the pump will only lower prices if the guy next door lowers his. (hint, they make more money that way)

Oil prices, gas stock prices, and heavy distillates have been falling like a rock for the last 5 months. Oil prices are as low as they where in April 2005.... is your gas?.... Noooo. Is your diesel?.... Nooooo.

Do you know why? Do you know why the price goes up in the summer? Why it goes up during Hollidays?

Crunch................ sssshhhhhhhhhhh there are rules to mark up .............. and there are corparte gas station's now the norm.

If if have to drive to gold beach and run over your Arse i will,......8) do a little bit more research there bro. it will astound you.

 

[crunch]

Re: Oil Prices Dip Below $50

TG, I researched this market for years, I traded in it for 2 years with options and made a bit after the research. I've followed it for years after I quit gambling and know just about all you can know from the little guy perspective.

I follow the news as pertains to the market, plot the charts for fun, and watch the region that most of that product comes from.

Tell me one thing you know that I don't, prove it, and I'll lay down in the road ahead of you. You're getting as bad as rodbolt for the mystical pontificating with nothing to back it up.

Sorry TG, I'm just calling it the way I see it. If you do have info we would all like to see.... post it, and have a good one.

 

[WillyBWright]

Re: Oil Prices Dip Below $50

Plainsman, your memory is terribly short. Gas prices dipped dramatically just before the election, then leveled off. They did go up a tad just after the election as predicted, but only a tad and not very log. Had they dipped this low, you guys just might have retained control in at least one of the houses. Gee Dub's oil buddies let you down, man.

 

[Plainsman]

Re: Oil Prices Dip Below $50

Plainsman, your memory is terribly short. Gas prices dipped dramatically just before the election, then leveled off. They did go up a tad just after the election as predicted, but only a tad and not very log. Had they dipped this low, you guys just might have retained control in at least one of the houses. Gee Dub's oil buddies let you down, man.

Ah but my aged friend, by that time it had been on the news for months and prices were high.

Alzheimer maybe? They say short term memory is the first to go.

 

[crunch]

Re: Oil Prices Dip Below $50

(EDIT: A bit too bashing, here, Crunch. Disagree, but don't bash.)

I mean no disrespect here, but the total of your mis-beliefs are just astounding!

Do you have any idea of how silly and uneducated you come off as?

 

[crunch]

Re: Oil Prices Dip Below $50

Hmmm... I probably should edit my last post as I only meant it for the oil markets... for that it stands, for the rest? That's why we debate.