Oil Slick Stuff

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Gas still holding at $3.49 (when Oil was over $100/bbl), in spite of the recent lows in OIL...I'm sure once oil rebounds the gas prices will continue to go up, even though they didn't go down during the oil dip....Something seriously wrong here.:suspicious:
 
If they continue PRINTING MONEY the dollar will go further down and the price will contimue UP!
 
I don't think that has much to do with it..I think it is more about GREED and record breaking profits.
 
Buster said:
Gas still holding at $3.49 (when Oil was over $100/bbl), in spite of the recent lows in OIL...I'm sure once oil rebounds the gas prices will continue to go up, even though they didn't go down during the oil dip....Something seriously wrong here.:suspicious:
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Did you see the national news on CBS the other day. Prices are higher because of increased demand. Not demand in oil, demand in gas which we are now exporting for more profit. I think the gas companies want to keep gas reserves low to increase profit. If the US is in so much demand for gas and domestic oil, why are we exporting it. IE: Like here in El paso, we have a refinery right here less than 20 miles from me. Our gas prices are still high because they export it to California for profit. Did you ever notice near houston you have the cheapest gas because there's no transportation fees from the local refineries.:mad:
 
Bquat said:
Did you see the national news on CBS the other day. Prices are higher because of increased demand. Not demand in oil, demand in gas which we are now exporting for more profit. I think the gas companies want to keep gas reserves low to increase profit. If the US is in so much demand for gas and domestic oil, why are we exporting it. IE: Like here in El paso, we have a refinery right here less than 20 miles from me. Our gas prices are still high because they export it to California for profit. Did you ever notice near houston you have the cheapest gas because there's no transportation fees from the local refineries.:mad:
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The Bastards..so Gas prices are being manipulated by design to increase the profits...Right now when all of America is hurting and gas prices affects every walk of life ..it almost seems vulgar.
 
Buster said:
The Bastards..so Gas prices are being manipulated by design to increase the profits...Right now when all of America is hurting and gas prices affects every walk of life ..it almost seems vulgar.
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WooHoo

Let's nationalize the gas industry just like Venezuela !!!
 
I feel sorry for the people of Venezuela with the exception of Hugo Chavez!:nuts:
 
Oil below $88 after Obama announces jobs bill

Oil falls to below $88 in Europe as dollar gains, Obama proposes $447 billion jobs package

Oil prices fell below $88 a barrel Friday as the dollar strengthened and investors mulled whether a new U.S. jobs package will help boost crude demand.
By early afternoon in Europe, benchmark oil for October delivery was down $1.35 to $87.70 in electronic trading on the New York Mercantile Exchange. Crude fell 29 cents to finish at $89.05 on Thursday.
In London, Brent crude for October delivery retreated 33 cents to $114.22 on the ICE Futures exchange.
In a bid to spark economic growth, President Barack Obama announced Thursday a $447 billion package for creating jobs.
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As of Thursday, the Gulf of Mexico's crude output was still nearly 15 percent below normal levels because of the lingering effects of Tropical Storm Lee, while another severe storm, Nate, was expected to turn into a hurricane during the weekend.
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http://finance.yahoo.com/news/Oil-b...19.html?x=0&sec=topStories&pos=7&asset=&ccode=
 
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