Oil Co. Posting Record Profits
#81
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Location: Broken Arrow/Grand Lake, OK
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How many times in the last 100 years has the continental US been attacked? Has Bush really had a chance to be President and work on domestic issues?
Oh and BTW, My wife drives a suburban and it costs $80 to fill it up. It hurts.
Oh and BTW, My wife drives a suburban and it costs $80 to fill it up. It hurts.
#82
Platinum Member
Platinum Member
How bout we just Kick their asses over there and keep all the oil fields Oh no sorry we can't be a world super power so we have to kiss their asses instead.
it's a war fight it like 1
it's a war fight it like 1
#85
Platinum Member
Platinum Member
Originally posted by lotoparty
as long as we continue to buy gas gusling suv's , trucks , AND big horsepower boats , opec will keep sticking it to us.
why? because they know we'll pay it.
as long as we continue to buy gas gusling suv's , trucks , AND big horsepower boats , opec will keep sticking it to us.
why? because they know we'll pay it.
#86
Member #9
Charter Member
how is it that I can still buy a gallon of leaded race gas for $ 3.25 and that has remainded constant for the last 4 years (+- a few cents). (not JUST a gallon, I can buy any quantity I want)
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#87
Here is a link to crude oil prices over the last several years.
http://www.ioga.com/Special/crudeoil_Hist.htm
It really has gone way up, early 1999 it was $9 per barrel, now it is $39
In summer of 2000 was when we had that big price jump over $2 and crude was $28 then.
If there is any relationship between crude and gas prices then when:
Crude is $28 --- gas was $2
Crude is $39 --- gas will be $2.78
Todays crude price is $39. In a few months we could be at $2.80 for gas.
http://www.ioga.com/Special/crudeoil_Hist.htm
It really has gone way up, early 1999 it was $9 per barrel, now it is $39
In summer of 2000 was when we had that big price jump over $2 and crude was $28 then.
If there is any relationship between crude and gas prices then when:
Crude is $28 --- gas was $2
Crude is $39 --- gas will be $2.78
Todays crude price is $39. In a few months we could be at $2.80 for gas.
#88
Charter Mod
Charter Member
Originally posted by rv
It really has gone way up, early 1999 it was $9 per barrel
It really has gone way up, early 1999 it was $9 per barrel
Whew, don't remind me! That was a brutal time for many people in the business. It actually dropped below $9 for a short period. It costs more to pump it out of the ground than that. Alot of smaller companies around here that had only crude stocks couldn't last through it and had to close their doors.
The EIA has said that gasoline stocks have risen 4.0 million barrels to 204 Million barrels. This is still 5.6 million below the 5 year average. Shortages will turn the market into a bull very quickly.
Crude surplus is still about 18 million barrels below the 5 year average.
It is tickling the $40 mark as we speak at 39.88.
#89
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You obviously have no idea how the voting system works in the US. Its a democratic REPUBLIC, that means electoral votes actually decide the presidency. Since you don't even know how the voting system works, you have no credibility in any political discussion.
Now that we have T.V., satellite T.V., Phones, cell, phones, and palm pilots that receive emails, why have the electoral college? It only proves (As shown in the last election) That the people (You and I) can vote one candidate into office and the Electoral college can vote in another. and who ends up running the country? Not the candidate chosen by the people.
I know its fun to point the finger and make claims that others on the board are uneducated. But doesn't it scare you just a little that We the people didn't really put Mr. Bush in office. This is not opinion or speculation, this is fact based on numbers. Remember 4 years ago sitting back and wondering how your vote didn't seem to count anymore. Try explaining to some 18 year old that just earned his right to vote that it doesn't count. Just stating the facts.
#90
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Location: Annapolis MD
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The promo for tonights news said something about oil companies refusing to increase gasoline (not crude) production to keep gas prices up. Might be interesting reading.