oil

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Black gold is a volatile product, it's hit or miss, and can be a money maker, up or down.

Lower price = customer saves money, costs less to feed my Deville now, $50 - $60 a barrel of oil might just be round the corner.
 
Just read an article on this topic yesterday. Falling oil prices are due to the American Oil/Gas Fracking Boom going on right now. It's taking away OPEC's power to put a strangle hold on oil prices. OPEC has stated though that they will not cut production to stop the fall because they want to see it continue to fall until it's so low that it's more expensive to drill compared to the selling price. Some analysts have said that the fracking boom is on a current trend similar to the dot com boom. Once oil hits about $60 a barrel, smaller companies will not be able to compete anymore because there's no profit in it and only the larger oil companies that can weather the storm will survive meaning an end to the falling oil prices and a turnaround in the market.

Of course, there's a million other reasons that affect the market, such as other oil producing countries tied to OPEC that rely on that production to offset their national budgets may not like that OPEC doing nothing about the falling prices and could demand action. It's definitely interesting right times now in the market.

Either way, I'll enjoy the lower gas prices at the pump as long as their here!!
 
Americans seem to have a short memory about near $5 gas and are buying SUVs and trucks in #s not seen in many years. Consumption in the US is down. Remember big O on saying that $5 gas would be good?
 
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Free Republic?

Instead of posting some tripe from a right-wing troll website, how about just read the article - the references can be checked by anybody. Or we can just go on hating. I don't care for Factcheck either, but facts are facts. Disprove what's in the article.

Nobody has thrown the right wing left wing card out there until you came along. So who is really hating ? It is written, let he who is without sin throw the first stone, and they all lay down their stones and walked away. Smart move IMO !!
 
Nobody has thrown the right wing left wing card out there until you came along. So who is really hating ? It is written, let he who is without sin throw the first stone, and they all lay down their stones and walked away. Smart move IMO !!

I think it was fairly obvious - that site is well known as what I described it as. But what the heck, I edited it.

I would have said the same if the source was Democratic Underground. It's a matter of using ridiculously biased sources to counter a supposedly neutral factcheck site - it doesn't pass the smell test.
 
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I would pay 10$ a bag for pellets before I give to my gas and electric company with thier service fee, delivery fee, good nieghbor fee. Ny fee. Misc fee. This fee. That fee. 6$ to pay your bill fee cause your not letting us have direct accessto your checking account. I called and asked about these fees and nobody knows anything. Its tax robbery im done with it.
 
The plummet in crude prices also seems to confirm the role that "K-street speculation" plays in oil pricing volatility, considering that they control 80% of the oil futures trading, with no intention or interest in taking delivery of the product - unlike refiners, airlines and large scale manufacturing interests.

Here's a thought. Make oil speculation completely illegal ! Commodity futures are certainly not created equal. Let K street hedge funders make their millions betting on coffee or pork belly futures all they want, but not on a commodity of strategic global interest like oil is, where so much of the global economy hinges on oil pricing.

Making oil speculation illegal, and limiting its acquisition and trade on the market solely to drillers, refiners, airlines, and manufacturing - those who actually use and take delivery on crude oil refined products - and fuel prices would likely stay at reasonable and stable levels, more tied to true supply and demand economics than our current 'casino' system.

Unfortunately, with a 'K-street friendly' Congress, and the oil industries substantial lobbying influences on them, I don't see that happening anytime in the foreseeable future.

End of political rant. ==c
 
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I spent $1800 on pellets this year, man did I get burned. Propane is $1.59 a gallon. Corn $139 a metric ton. I could have heated much cheaper this winter but thats what I get for not doing any pre season research. Live and learn.
 
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