Crude prices low and steady. Gas up?
01-25-2009 | 08:10 PM
#22
Joined: Nov 2007
Posts: 5,100
Likes: 5
From: Maggie Valley, NC
I have been wondering for a couple of weeks if it is the distributers and gas stations getting their due by over charging for gas now that crude is low.
OPEC has started to realize that they have very little control over the price of oil. a couple of weeks they cut production by 2mil bpd and the price dropped $2.
OPEC has started to realize that they have very little control over the price of oil. a couple of weeks they cut production by 2mil bpd and the price dropped $2.
01-26-2009 | 07:51 AM
#24
Registered User
Joined: Aug 2007
Posts: 8,504
Likes: 0
60 min did a fine assessment last week.
1. Fuel prices are disconnected from spot markets, from oil prices.
2. Demand is down, US refineries are shutting down production for "maintenence" , overall supply of crude is stable.
3. US production is: Oil - production: 8.457 million bbl/day (2007 est.)
Oil - consumption: 20.68 million bbl/day (2007 est.)
Oil - exports: 1.165 million bbl/day (2005)
Oil - imports: 13.71 million bbl/day (2005)
Courtesy of the CIA https://www.cia.gov/library/publications/th...k/print/us.html
1. Fuel prices are disconnected from spot markets, from oil prices.
2. Demand is down, US refineries are shutting down production for "maintenence" , overall supply of crude is stable.
3. US production is: Oil - production: 8.457 million bbl/day (2007 est.)
Oil - consumption: 20.68 million bbl/day (2007 est.)
Oil - exports: 1.165 million bbl/day (2005)
Oil - imports: 13.71 million bbl/day (2005)
Courtesy of the CIA https://www.cia.gov/library/publications/th...k/print/us.html
01-26-2009 | 08:45 AM
#26
Registered User
Joined: Apr 2007
Posts: 422
Likes: 0
Originally Posted by Ted H' date='Jan 25 2009, 10:04 AM
Criticisms, yes; random, unprovoked insults... not necessary.
I'm generally pretty moderate, and don't agree with all of Obama's policies; I just find its getting obnoxious that there are so many people slinging mud for no particular reason other than their guy lost. Now, that being said, of course that's going to happen, people are idiots. But still, let's move on and try some unity for once... it might help.
I'm generally pretty moderate, and don't agree with all of Obama's policies; I just find its getting obnoxious that there are so many people slinging mud for no particular reason other than their guy lost. Now, that being said, of course that's going to happen, people are idiots. But still, let's move on and try some unity for once... it might help.
GM and Ford have been dealing with congress killing them for the past 16 or so years. This I am sure will kill at least one of the 3.
Do you really want unity? Or people who will try to stop some of this?
Thread
Thread Starter
Forum
Replies
Last Post