Oil Slick Stuff

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RealMoneyIssues said:
But why is gas at $4 now when oil is $111 when it hit $4 in 2008, crude was at $145???
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Gasoline price in 2008's bubble never hit the real worth of $145 a barrel oil. You may remember that the price ran upwards extremely quick, and then burst when the $4.25-$4.50 pump price halted a lot of demand at the time. The shock of going from $3 to $4.50 in the matter of about 2 months was too much, too fast, and clobbered the markets.



What is different this time, and does that mean we are looking at $6-7 gas real soon if crude still soars? :sick:
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Maybe. I think they figured out that if the price goes up real quick, the frog feels the heat and jumps out of the pot. If they put the frong in luke-warm water, and then jack up the temperature more slowly, the frog will boil to death.

So if the price inches up only a nickle a week, you'll keep buying gasoline.

But if they jack it up a quarter in a week, you'll park the car.






yep.

Here's looking at dead frogs.

boiling_frogs.jpg


I am going to start walking to work :mad:
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What happens when they start running up ethanol. The price of anything can be manipulated not to mention the fact that if we all jumped to E85 tomorrow (can't happen) your precious E85 prices would double.
 
WorkFE said:
What happens when they start running up ethanol. The price of anything can be manipulated not to mention the fact that if we all jumped to E85 tomorrow (can't happen) your precious E85 prices would double.
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Yep. It could.

In the meantime, the folks at Exxon Mobil, BP, and the Kingdom of Saudia Arabia continue to say ..... thank you for your dollars.
 
James48843 said:
I think they figured out that if the price goes up real quick, the frog feels the heat and jumps out of the pot. If they put the frong in luke-warm water, and then jack up the temperature more slowly, the frog will boil to death.
boiling_frogs.jpg
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Thanks for boiling it down to the essential.

If we could just keep them from adding more fuel then maybe the water doesn't boil? Should we start cutting down all the trees so they can't put another log on the fire?
 
So your alright with being gouged as long as it's an American gouging you. Sorry, unless I'm related to the gouger it don't mean $h!t to me.
And don't tell me how it will create jobs, that's BS.
As soon as there is enough demand they'll be sending the material outside the country to be processed for less.
 
seems DA Regulators are only Regulating when there's a Political Gain to be had? How can this be?:blink:
 
That is a draw back with our political system. "Can it benefit me" comes before "is it good for the country"
Neither party has a monopoly on that.
 
$4.25 here in Los Angeles... :worried:Lack of Leadership is creating a new void in the Middle East... I guess sitting on our hands wasn't such a good idea... Oh well, at least my ole Prius is worth a lot more if I decide to trade up this summer...:cool::cool:
 
Obama’s Blame Game Continues: Who’s Behind Oil Price Rise?

By Liz Peek
Published April 22, 2011
| FoxNews.com

President Obama has resorted to the blame-game throughout his presidency. GW Bush was responsible for the recession, the budget deficit, extravagant healthcare costs, the quagmire in Afghanistan, potholes, global warming and quite possibly Charlie Sheen’s meltdown. Wall Street fat cats brought on the banking crisis (not aided and abetted by Barney Frank et al), insurance miscreants are to blame for soaring healthcare expenses, oil companies are guilty of sitting on leases, pharmaceutical companies should be taken out and shot and Republicans have been mulishly resistant to even the most winning proposals. Now, rascals are at work pumping up gasoline prices; what is a president to do?
On oil prices, the president is vulnerable. First, the administration is accused by U.S. oil explorers of issuing misleading information about why offshore drilling is not moving forward. At the moment, the number of rigs operating in the Gulf of Mexico is about half the level of a year ago; the head of the Independent Petroleum Association of America has said that the government has dragged its feet in issuing the permits necessary for work to move forward.
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Read more: http://www.foxnews.com/opinion/2011...-continues-whos-oil-price-rise/#ixzz1KLjf0L5B
 
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