gas is cheap...which sucks

[azimuth 5,000+ posts]

they will cut supply and ratchet down drilling operations. this article explains it far better than myself

http://www.moneyweek.com/news-and-charts/economics/the-slump-in-oil-prices-is-a-bad-sign-37807.aspx

exxon paid almost 10 billion $ in taxes in the first 3 months of 2008. 1/2 their profit. how does a company that large invest in itself to either, find more oil, or invest in alternative energy. they also employ 10's of thousands of people. a 1.00 per hour raise across the board is an obscene amount of money. not that they shouldn't get it, but the company needs to expand to keep up. how much do people figure, that building and adding employees, to a new oil rig costs? just expanding, will eat another 1/2 of the profit......before taxes. those evil bastards. we should raise taxes on them, so they go out of business 10 years before we even have a chance to harness alternative energy. then we'll pay 30$ a gallon, to make up for our whining today.

Click to read more...

 

[Racerx250 10+ year member]

interesting

 

[Racerx250 10+ year member]

lower taxes for everybody then?

 

[denalilvr 10+ year member]

i wish my piss was combustable..

 

[azimuth 5,000+ posts]

i wish my piss was combustable..

it is.....if you ingest uranium.

 

[kush-divinity 10+ year member]

Diesel is at an all-time low around here for the last 2 years. I am loving it right now, and just filled my farm tank full 3 days ago. If it goes up Monday like they say, I still have enough fuel for all winter //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

As long as I only feed hay and not do any bush hogging or wasteful exercises such as that.

 

[denalilvr 10+ year member]

it is.....if you ingest uranium.

try it out and pour some in your gas tank and let us know

 

[jmanpc 5,000+ posts]

I think the market is just working towards equilibrium. Price was very high, which drove demand down. Due to a drop in demand, prices fell as well. OPEC is cutting production now, which will cause prices to rise, but I doubt they'll want to drive prices too high because of the backlash it caused. I think it'll settle at a happy medium at about $2.50-$3.00 per gallon.

 

[azimuth 5,000+ posts]

try it out and pour some in your gas tank and let us know

did it when i was 12.......i now have a colostomy bag and a wierd tick behind my left eye.

 

[jmanpc 5,000+ posts]

Diesel is at an all-time low around here for the last 2 years. I am loving it right now, and just filled my farm tank full 3 days ago. If it goes up Monday like they say, I still have enough fuel for all winter //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif
As long as I only feed hay and not do any bush hogging or wasteful exercises such as that.

Would you not have enough if prices don't rise //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

 

[azimuth 5,000+ posts]

I think the market is just working towards equilibrium. Price was very high, which drove demand down. Due to a drop in demand, prices fell as well. OPEC is cutting production now, which will cause prices to rise, but I doubt they'll want to drive prices too high because of the backlash it caused. I think it'll settle at a happy medium at about $2.50-$3.00 per gallon.

that's the optimistic view, and could be correct. i'm just entertaining the possibility.

 

[bigbangtheory 5,000+ posts]

I can deal with 3.00 a gallon, but 4 dollars.......fawk that shit!

 

[jmanpc 5,000+ posts]

I tend to be pretty optimistic about gas prices. I laughed at all those ridiculous articles about gas hitting $12.00 a gallon by the end of summer back in June.

As the market fluctuates, it tends to regulate itself somewhat. If gas went and hit $8.00 a gallon, demand would drop to the point that OPEC wouldn't make any $$.

 

[azimuth 5,000+ posts]

I can deal with 3.00 a gallon, but 4 dollars.......fawk that shit!

i agree. we're in trouble if oil stays below 65$ per barrel for too long. demand will out pace supply quickly.

 

[teedot231999 10+ year member]

I can deal with 3.00 a gallon, but 4 dollars.......fawk that shit!

I Agree //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif