Pete Posted January 3, 2020 Share Posted January 3, 2020 Oil is up 4% and the market is going to open negative. How long will it last? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted January 3, 2020 Platinum Contributing Member Share Posted January 3, 2020 We are pretty much oil independent now thanks to Trump's policies and fracking..... this is pretty much just a knee-jerk reaction and expected 2 Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 3, 2020 Share Posted January 3, 2020 Shouldn't have went up at all, when the Saudi oil fields were attacked oil stayed the same price here, as the USA made up for any temporary shortages with our oil fracking. 1 Quote Link to comment Share on other sites More sharing options...
Pete Posted January 3, 2020 Author Share Posted January 3, 2020 If we are producing all this new oil why is gas still $2.60 a gallon? Its a dollar too much. 1 Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 3, 2020 Share Posted January 3, 2020 (edited) 8 minutes ago, Pete said: If we are producing all this new oil why is gas still $2.60 a gallon? Its a dollar too much. because oil is priced on the global market, meaning cuts in production or disruptions in the ME still affect American consumers. Because of that 'oil independence' is nothing more than a cute talking point. Edited January 3, 2020 by frenchy 1 Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 3, 2020 Share Posted January 3, 2020 7 minutes ago, Pete said: If we are producing all this new oil why is gas still $2.60 a gallon? Its a dollar too much. I remember when a McDonald's hamburger was 14 cents, things always go up and rarely come back down. Quote Link to comment Share on other sites More sharing options...
Pete Posted January 3, 2020 Author Share Posted January 3, 2020 2 minutes ago, XCR1250 said: I remember when a McDonald's hamburger was 14 cents, things always go up and rarely come back down. Gas was steady state for ever 9/11 took care of that Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 3, 2020 Share Posted January 3, 2020 1 minute ago, Pete said: Gas was steady state for ever 9/11 took care of that You may not be old enough to recall gas wars but in 1964 all the gas stations in town where I lived in SE Wis. had gas for 14.9 cents per gallon and you got a free drinking glass. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted January 3, 2020 Share Posted January 3, 2020 Fuck Israel Quote Link to comment Share on other sites More sharing options...
Anler Posted January 3, 2020 Share Posted January 3, 2020 1 hour ago, Pete said: Oil is up 4% and the market is going to open negative. How long will it last? Thats because Trump cant negotiate and is desperate to be re-elected! 3 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 3, 2020 Share Posted January 3, 2020 53 minutes ago, frenchy said: because oil is priced on the global market, meaning cuts in production or disruptions in the ME still affect American consumers. Because of that 'oil independence' is nothing more than a cute talking point. Quote Link to comment Share on other sites More sharing options...
Anler Posted January 3, 2020 Share Posted January 3, 2020 58 minutes ago, frenchy said: because oil is priced on the global market, meaning cuts in production or disruptions in the ME still affect American consumers. Because of that 'oil independence' is nothing more than a cute talking point. 5 minutes ago, Angry ginger said: So... if we just let countries like Iran, Syria and Venezuela sell oil on the global market the oil price would probably go down? Why dont we do that? Quote Link to comment Share on other sites More sharing options...
old indy Posted January 3, 2020 Share Posted January 3, 2020 people, what keeps the American dollar strong world wide? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 3, 2020 Platinum Contributing Member Share Posted January 3, 2020 28 minutes ago, Anler said: So... if we just let countries like Iran, Syria and Venezuela sell oil on the global market the oil price would probably go down? Why dont we do that? because then the price would drop below the price where American pruducers could turn a profit , around $50 a barrell 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 3, 2020 Platinum Contributing Member Share Posted January 3, 2020 Just now, steve from amherst said: because then the price would drop below the price where American pruducers could turn a profit , around $50 a barrell so yes , we are subsidizing American production Quote Link to comment Share on other sites More sharing options...
Anler Posted January 3, 2020 Share Posted January 3, 2020 14 minutes ago, steve from amherst said: because then the price would drop below the price where American Saudi pruducers and joo commodity traders can rape us on oil... Fixed Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 3, 2020 Share Posted January 3, 2020 1 hour ago, frenchy said: because oil is priced on the global market, meaning cuts in production or disruptions in the ME still affect American consumers. Because of that 'oil independence' is nothing more than a cute talking point. It really does need to be broken down Into very very simple terms for Pete. 1 Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted January 3, 2020 Share Posted January 3, 2020 1 hour ago, Mainecat said: Fuck Israel finally we agree on something Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 3, 2020 Platinum Contributing Member Share Posted January 3, 2020 42 minutes ago, Anler said: Fixed correct Quote Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2020 Share Posted January 3, 2020 All the conflict in the Middle East revolves around Israel. Sixty years we have spent our national wealth there. My question is...…….WHY?????? Quote Link to comment Share on other sites More sharing options...
Anler Posted January 3, 2020 Share Posted January 3, 2020 2 hours ago, old indy said: people, what keeps the American dollar strong world wide? Fake news! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 3, 2020 Platinum Contributing Member Share Posted January 3, 2020 1 hour ago, Polaris 550 said: All the conflict in the Middle East revolves around Israel. Sixty years we have spent our national wealth there. My question is...…….WHY?????? Because the 3 stooges were jews. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2020 Share Posted January 3, 2020 3 hours ago, steve from amherst said: Because the 3 stooges were jews. Oh, that 'splains it. Wow, Stevie Gravano must be smokin' a blunt or somethin'!!! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.