Gas prices!

[FlintTony]

It was 1.54 this morning. This afternoon, the bastards raised it to 2.09. I wonder what excuse they will have for that move, as crude went under 50 bucks a barrel today.

[Hank70SS]

Originally Posted by FlintTony

It was 1.54 this morning. This afternoon, the bastards raised it to 2.09. I wonder what excuse they will have for that move, as crude went under 50 bucks a barrel today.

Um? The new republican congressmen took office yesterday. Guess that blows your theory all to hell.

[FlintTony]

Originally Posted by Hank70SS

Um? The new republican congressmen took office yesterday. Guess that blows your theory all to hell.

I think not, sir. Flat ass GREED is what made the prices go up. Oil is at 47 bucks a barrel today. Lowest price since the POS took office. And the POS said today he will veto the Keystone pipeline. I'm fixin to call you in a minuet.

[Hank70SS]

Originally Posted by Hank70SS

Um? The new republican congressmen took office yesterday. Guess that blows your theory all to hell.

Doh! For some reason I was thinking this was Wednesday, they took office today. It's tough when you're retired, every week the same, 6 Saturdays and a Sunday.

Originally Posted by BillsCamino

Not sure which is falling faster...
The price of a gallon of gas OR the Stock market.

I don't get the relationship. They say the low oil prices are driving the stock market down but that should only affect oil producers. Yes it affects U.S. oil production because we can't produce oil and make a profit at those prices but what about all the pluses for the rest of the economy. U.S. oil production is only a small part of our economy. Think about all the business and individuals that benefit from low prices?

Originally Posted by FlintTony

I think not, sir. Flat ass GREED is what made the prices go up. Oil is at 47 bucks a barrel today. Lowest price since the POS took office. And the POS said today he will veto the Keystone pipeline. I'm fixin to call you in a minuet.

Okay, okay, but you said prices were down since all the republicans got elected. All I'm saying is that ain't helping the gas prices since they're going up again. Oil prices are down because Saudi Arabia, the biggest producer of oil, refuses to cut production. It cost them $10-$15 to produce a barrel, U.S. producers need the price above $50 a barrel to make a profit. Not sure what their end game is, drive the U.S. producers out of business? I don't know what their motivation is but they're the reason crude is selling at $47 a barrel.

Oh, see you at the end of the month. Glad things worked out.

[carpoor]

I think OPEC's actions have something to do with fracking in this country. They absolutely do not want us to be self sufficient.

JMHO

[Hank70SS]

Originally Posted by carpoor

I think OPEC's actions have something to do with fracking in this country. They absolutely do not want us to be self sufficient.

JMHO

You're probably right. If we start producing enough oil they, particularly Saudi Arabia, will lose their control of the global oil market. I say Saudi Arabia in particular because OPEC in general wanted to cut production in order to raise prices, the Saudi's refused.

[carpoor]

Just paid $2.119 - it needs to keep going until it's $0.999!