gasoline heads to $3.00/gallon Damn BUSH!

Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: efo141 On: Thu Jan 14, 2010 1:29 am

70 a barrel, that's hard to believe. So who lost all the money when it was at 30 a barrel?
efo141
 
Stove/Furnace Make: New Yorker/Keystoker
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: mikeandgerry On: Thu Jan 14, 2010 1:50 am

dunno, Ed.

I was just noting that Marc Faber said that today. He's a contrarian market analyst. He said also that emerging economies are, for the first time, using more oil than developed countries. That means the price of oil will likely be bid up.

But remember this: Commodity prices are not always determined by their cost. They are determined by prevailing market supply and demand. In the short run, the price of a barrel of crude can theoretically fall below its cost. The wellhead price has a slim margin.
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: efo141 On: Thu Jan 14, 2010 2:01 am

Opec said that 70 a barrel is a fair price when oil dropped to 30 and were scrambling to prop up the price with production cut backs. I don't think they would of been pushing the 70# if it was a break even deal. But i could be wrong,it's happened before :D
efo141
 
Stove/Furnace Make: New Yorker/Keystoker
Stove/Furnace Model: WC90-----/Kaa-2


Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: jpete On: Thu Jan 14, 2010 7:00 am

I'd be more inclined to "blame" all the money that's been printed in the last couple years. All that devalued cash has to start showing up as higher prices sooner or later.
jpete
 
Hand Fed Coal Stove: Harman Mk II
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: Duengeon master On: Thu Jan 14, 2010 7:29 am

jpete wrote:I'd be more inclined to "blame" all the money that's been printed in the last couple years. All that devalued cash has to start showing up as higher prices sooner or later.

Sooner or later? When was the last time you went to the grocery store or a restaurant? Prices are already going up. :bang: The fringe media; abc, nbc, cnn won't tell you this because it doesn't fit their agenda. Meanwhile we are paying more for everything. Yes even the so called poor are paying more for everything.
Duengeon master
 
Hand Fed Coal Stove: Harmon Mark III
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: crazy4coal On: Thu Jan 14, 2010 8:20 am

Without oil this country STOPS! Car makers, banks, stock brokers all cried foul and old BO bailed them out. Don't you think it strange that the oil co are not on the bail out wagon, They are making billons from US and they are sitting back raking in the money. We will never see the bail out money payed back. BO and the rest of our gov will forgive and foget and stick to us till we die and then stick to us some more. There are no honest people in Washington.
crazy4coal
 
Stove/Furnace Make: buderus
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: efo141 On: Thu Jan 14, 2010 11:58 am

Duengeon master wrote:Sooner or later? When was the last time you went to the grocery store or a restaurant? Prices are already going up. :bang: The fringe media; abc, nbc, cnn won't tell you this because it doesn't fit their agenda. Meanwhile we are paying more for everything.

Are you saying the media is holding back the real inflation numbers? COME ON! Guess i'll have to tune in to Fox to get the real numbers.right? You remind me of a local gas station owner that say's Obama told GM to close only the Democratic car dealerships.
efo141
 
Stove/Furnace Make: New Yorker/Keystoker
Stove/Furnace Model: WC90-----/Kaa-2

Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: SMITTY On: Thu Jan 14, 2010 12:09 pm

It's a fact. No media needed.

Everything I buy from motorcycle parts to food has increased across the board, while quality has plummeted. Plus, our fine state raised feeees on everything regarding auto registration, plus the sales tax ....... they succeeded in taxing my satellite TV, & I'm starting to get the "trickle-down-taxes" from Verizon, because MA decided to tax their once exempt land. Businesses are just passing the taxes on to us by raising their prices. My homes value has plummeted, yet my property taxes continue to rise at the max prop. 2.5% . And to top it all off, I get to pay ANOTHER DAMN FEE TO FISH IN THE OCEAN!!!

I've become poorer than ever just in this past year. :mad:
SMITTY
 
Stoker Coal Boiler: Patriot Coal - custom built by Jim Dorsey
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: efo141 On: Thu Jan 14, 2010 1:01 pm

Smitty, i know what you saying, but i think just about every state Rep.or Dem is broke from over spending.They need to get the money somewhere to meet there fat budget's In my last post i was referring to the claim of the media not reporting correct inflation numbers.
efo141
 
Stove/Furnace Make: New Yorker/Keystoker
Stove/Furnace Model: WC90-----/Kaa-2

Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: samhill On: Thu Jan 14, 2010 2:25 pm

A barrel of oil actually gains a few gallons during refining & produces about 20 gal. of gas, also diesel, jet fuel propane, kero & other oils plus cosmetic & plastics industry gets a big chunk theres no waste if any its very little, it doesn`t take much to get into making a profit.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: mikeandgerry On: Thu Jan 14, 2010 3:13 pm

jpete wrote:I'd be more inclined to "blame" all the money that's been printed in the last couple years. All that devalued cash has to start showing up as higher prices sooner or later.


You mean you don't believe the government's inflation figures? That's heresy!
;)
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: gasoline heads to $3.00/gallon Damn BUSH!

PostBy: mikeandgerry On: Thu Jan 14, 2010 3:16 pm

efo141 wrote: Are you saying the media is holding back the real inflation numbers? COME ON! Guess i'll have to tune in to Fox to get the real numbers.right?


Check out the credentials of this site's founder:

http://www.shadowstats.com/
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M