All for lower gas prices , but this isn't going to turn out good , too much geo political , all the low interest loans , bonds that the shale is attached to , the banks and the bets they made with leverage...the current spending bill puts the American taxpayer on the hook again when all this derivative pops

http://www.bloomberg.com/news/2014-1...t-markets.html more on the web if you look around..

we will pay for it one way or another ...

It was a fell good moment last week to gas up the Mrs. car for $29 I must say.. but that loaf of bread was up in price and sure seems like the slices shrunk 20%....

It's usually NOT the same.... The land fuel prices being quoted are predominately 87 octane with 10% ethanol blended in, the marine fuel prices are ethanol free and generally 89-90 octane.

then explain why Diesel is $1.00 more at the marina, it should be cheaper there are no road taxes charged on off road Diesel. I mean other than the obvious explanation of because they can.

I'm probably in the can't afford a boat club.But I have 3 boats own them all.Don't have bags of cash. but do manage to put them in the water and use them as boats.And when filling the tank I like to pay less and buy land fuel since my boats are all trailer queens.
Also in the no insurance club so when my drunk ass crashes into you.............you pay.

No explanation for diesel made on my part. You can always believe the "additional transportation and storage costs" cliché... Or maybe the red dye is REALLY expensive? (Kidding, of course). But yeah, it's because they can.
I was referencing the difference between E10 (land) and real gas (marina). Real gas (90 octane) continues to be about $1.00 more per gallon at the 2 local stations that actually still sell it here.


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FYI, Perky Pantry on the west side of Tecumseh sells 100% gas, price is usually right between E10 blend and marina gas.

As for the no insurance/no fault.... My attorney says he gets the Scarab and I get whatever's left! LOL.

LOL Most gas that is alcohol free is 89 90 octane.I need 92. Quit getting drunk while boating, Scarab draws attention from LEO and I'm the type to tell them to F/O.

Y'all can hate me. I want oil prices back up to $90 or so a barrel. It's my income. If rather pay more for fuel and be employed. Cheap gas down nothing when unemployment hits. Lol. Not to mention as someone said in a previous post this low barrel price will ultimately have disastrous results on the economy that will be felt by everyone not just oilfield workers.

The economy lol. Made it through 2008 recession. 90 barrel will be back I'm not hating.Will this put you in the "can't afford a 42' boat club"? IDK. But I am not in oil business just don't want to pay high gas prices.so your loss is my gain. Capitalism is a b!tch huh.

No. I can still afford it. If it stays low too long it will just start putting a lot of us out of work then no. Lol. You can lol at my economy comment watch what happens to banks if it stays too low too long. A lot of people don't relate how commodities are tied together and how deep the banks are in on this stuff.

Sorry but I won't subscribe to the cheap oil is bad for the economy theory. It will probably negatively affect my job as well, but overall it is definitely better. Inexpensive energy is what has fueled the improvement in our quality of life over the cavemen.

The price of gas to high hurts the economy, the price of gas to low hurts the economy, WTF.

it seems to me that the cheeper fuel prices put more people on the road this holiday season than in the past 10 years.also,more people will run the boats more because they can afford to fuel them now.as the demand for this cheeper fuel goes up you will be working more to keep the supply up.and the money saved at the pump will be spread into the economy because now folks will have a few xtra bucks to spend that they used to put in the tank.i may be wrong but it seems like everybody wins except the saudies,and puck them anyway!

Last time it was this price seems most companies did ok, but I do realize that fracking cost more to produce. It will hurt that part and I think it's one reason the Saudi's are doing it.

Along with squeezing RUSSIA and Iran.

It's all a game and we are just pawns.

It will go back up, just a matter of time.

High fuel prices have been crushing the economy and lining the pockets of the mega rich for long enough, not to mention sponsoring the terrorists across the pond from us .yes it may slow the oil boom, but isn't that the nature of a boom?

i don,t hate a person for wanting to protect their livleyhood.how come we as american,s will keep buying all this junk from china,because it is cheep but it has put hundreds of thousands of american workers out of a job.every time you buy this chinese junk you put another anerican out of work.just giving some food for thought.,

HI!

The price for a barrell of north sea oil is now approx USD 60. For some months ago it was double.

The oil industry in Norway went through the roof the last few years. The gas prices too. We paid this summer approx USD 2,5 for 1 litre. Apporx 10 USD for 1 gallon.

Now when the oil is dropped to the half. Do the gasprices follow? No ofcourse, Even the government asked for a meeting with the oil companies to get an explaination. Now the price is USD 1,8 per litre. But in NOK the difference is not that big. Howveer, the drop in USD is mainly due to change in NOK currency strenght vs USD. The NOK currency is now 25% weaker against USD than for 2 months ago.. In NOK the price gone from NOK 15,5 per litre to NOK 14 per litre. A drop in 10%.

Cheeers, Toffen

I agree mike. I try to buy American even if I pay more. I also try to use small local hardware and not just big box. Try to do my part

Yeah, I rmember reading all the threads on how rising oil prices were going to damage the economy a few years ago. Nobody was saying, "these 4 dollar a gallon gas prices are just what the economy needed"

It's not the price of gas I'm talking about. Do a little research and see how the price of commodities are tied together. Anything plunging is never good for a stock market. Stock market is what out economy is based on.

Every business uses fuel directly or indirectly, and decreased prices puts money in their pockets, when prices jumped they put fuel surcharges on, then eventually just raised prices, so we got hit twice.

Buck I agree with the gas price being down is a good thing. It's the reason it's down and the potential effect on the stock market that can adversely affect the rest of the economy. A lot of big banks are tied into a lot of the financing. When these major oil companies start defaulting on loans of enormous amounts of money what do you think banks reactions will be? I'm hoping none of it plays out this way. Chit the oilfield could shut down tomorrow and I can still go earn a living as long as the rest of the economy is good. I'm not a one trick pony. I had a trade job before I was a captain. Can easily get back into that if need be.

However I would love to just get and keep the oil price at $90-$100 and love beyond comfy doing what I do.

I understand you're point, and the industry has a dirth of well paying jobs , neighbors son actually working on a boat mapping ocean floor from your port.:ernaehrung004:
but... when they have been posting record profits quarter after quarter I just don't see them folding up any time soon, although some support jobs could be impacted negatively and that does hurt.

Exactly what I was thinking.

the stock market is at an all time high partially because of lower fuel prices.

Sadly for me in Thailand good gas for my Verados (at marina prices) is about 1.60 USD per LITRE!! Multiply by about 4 and you're looking at $6.40 per gallon.
Not many high powered gassers over here and I know why.......

RR

[QUOTE=mike tkach;4242727]i don,t hate a person for wanting to protect their livleyhood.how come we as american,s will keep buying all this junk from china,because it is cheep QUOTE]

Am friend of mine works in the oil business out of western Canada. He spends most of his time in China buying oilfield related equipment.

Yeah better get them fuel prices back up before these guys go out of business. If it drops to $150, 000/minute profit they might have to apply for food stamps!:rolleyes:
How about us little people get a break for once??
I have 4 trucks I have to feed with fuel, the lower prices help quite a bit

Fracking only works in the Americas right now. Our rock/dirt formations are structured like a layer cake. Theirs is not. Fracking is becoming more and more cheap by the day. We r profitable at these levels, they aren't. Russia needs 90 + to be profistable. Saudis much less. Saudis aren't really hurting right now but margins have been squeezed. Guess they will have to cut down on building islands out of sand in Dubai.

[QUOTE=Interceptor;4243088]Those jobs and equipment are coming back over here as we speak. China has got some real issues. Currently they purchase more adult diapers than baby diapers. The world has taken note to their disregard to patent law and terrible labor force. It's just a matter of time in my opinion unless they make some real changes. Communism can and never will work in conjunction with democracy. They lose every time. Look at Russia, they fukt.

I agree and their balance sheets have NEVER looked better. They are booking cash daily and have restructured their debt at all time lows. Heck Apple issued bonds instead of spending cash because of the way the taxes shook down.

Lower oil prices help more than hurt. Lower input cost, more expendable income, less hedge risk where we r etc. Oil companies will now have to do what the rest of the companies have done over the past 5 years. Become more efficient. It will happen it will just take some time

While I am looking forward to the savings (if fuel prices stay low this summer). In a way I kind of wish for it to get back up there. What I have found is as the price of fuel drops, there are more and more jack-a$$es out on the water. When fuel costs go up, a lot of the jack-A$$es disappear. Last few summers have been pretty calm out on our local waterways...... Last time gas was cheap, I don't think a weekend went by where some dumb a$$ didn't bounce off our boat while it was anchored at the beach or sandbar. Add to that all the young kids out on Jet Skis......

WAH............stay home then. (old people):snide:

I'm no economist but stuff like this keeps me worried about the overall economy. Again I do work in the oilfield but not married to it. I can earn a good living doing other things as long as economy is strong.

http://www.globalresearch.ca/guess-w...e-this/5417215

Okay, I iguess ill buy a turbine and a go wall street pennant and enjoy the phuckin by that logic .I worked in the steel industry till it was gone, now aluminum...

I guess what I'm saying is if we're the winners we lose , but losing lets us win, I'm confused.

Has nothing to do with age...... I like a good party as much as the next guy. It Has to do with the trashy element buying and using their boats with virtually no experience or respect for others property. My velocity was hit by two jet skis while beached, also struck by a 24' four winns cabin cruiser also while beached. Then once while anchored had an idiot try pulling his anchor while a storm was coming in (I was still anchored) buy him and his friend both going up to the bow of their boat and pulling the anchor while he left his wife in the back seat. Never started the boat or even tried to motor up to the anchor (again a storm was moving in it was very windy.). Needless to say his boat came at the bow of mine sideways and my bow actually ended up going right thru the side of his hull. Again all of these incidents happened while my boat was either beached or anchored. Then we have the idiots on jet skis who feel it necessary to rip right out infront of us. I boat on the Detroit River, and it would seem we have a large concentration of idiots per watercraft...

Not to mention the same trashy element seems to destroy our beaches by littering and breaking bottles everywhere. When gas prices were up, there were a whole lot less fools on the water and the beaches (we have a few small islands) were in a whole lot better shape.

I don't buy that logic. That recession was preceded by a massive run up in the price of oil.

I'll be a lot more worried about the economy when the price of oil quadruples.

Kaboom! DJ is long overdue for a massive correction.

It will never happen.

The US and Canada are geared up to produce and hungry to do it these days, Between the glut in supply from the Saudis the U.S. and Canada we will not see high prices like we have had in the past for another 20 years.

Keep the PHUKIN speculators out of the game and have a real Free Trade market value established for oil and we will all have a stable economy.


And Phuck all those banks that bought the junk bonds. Let them die, there is too many banks out there as it is.