MikeNick Posted November 20, 2008 Report Share Posted November 20, 2008 Oil price is set by supply and demand... Speculators and analysts are what the democrats tell you during an election...and it works. Democrats didn't tell me anything..haha..I don't know how anyone could vote democratic to be honest with you..McCain got my vote thats for sure..I really did think that wall street speculators had something to do with it. I heard that somewhere but can't recall, maybe Rush Limbaugh.. Quote Link to comment Share on other sites More sharing options...
locogato11283 Posted November 20, 2008 Report Share Posted November 20, 2008 Oil price is set by supply and demand... Speculators and analysts are what the democrats tell you during an election...and it works. Cause now they'll say they drove the price down... OPEC has said they want to keep oil between 70 and 90 dollars a barrel, they are waiting to see what the price/reaction is to the 1.5mil a day they cut out. It hasn't hit yet. I'm not saying it'll go back up to 4.00 a gallon anytime soon, it will go back up 10 to 20% in 2-3 months...slow climb from there. Bookmark this post... dave, i dont believe for a second that supply and demand have anything to do with it. if its really true that supply and demand are responsible for fuel prices, then youre telling me that demand went down 40% in 2 months? i dont buy it. Quote Link to comment Share on other sites More sharing options...
shee4speed Posted November 20, 2008 Report Share Posted November 20, 2008 2.49 for diesel here.= ) Quote Link to comment Share on other sites More sharing options...
brian Posted November 20, 2008 Report Share Posted November 20, 2008 Wow I feel bad it is $1.59 here Where is this ? That is a good price ! I agree with Dave that the prices are gonna climb back up soon. Not to sure bout the supply and demand, but I did hear that Opec is slowing production to try to get the prices back up. They are all starting to get scared that they will soon be in poverty. LOL I guess if they arent making 300 bilion/quarter it will put a damper on their island vacation plans. Quote Link to comment Share on other sites More sharing options...
MikeNick Posted November 20, 2008 Report Share Posted November 20, 2008 They are all starting to get scared that they will soon be in poverty. LOLI guess if they arent making 300 bilion/quarter it will put a damper on their island vacation plans. lol Quote Link to comment Share on other sites More sharing options...
dajogejr Posted November 21, 2008 Report Share Posted November 21, 2008 dave, i dont believe for a second that supply and demand have anything to do with it. if its really true that supply and demand are responsible for fuel prices, then youre telling me that demand went down 40% in 2 months? i dont buy it. read up Tyler... Although the US is the largest importer of foreign oil, the GLOBAL economy is in the shitter. We just led the way.... There is a global shortage for demand of oil. And OPEC did something about it...cut production by 1.5 Million barrels a day. And OPEC, even though the price has bottomed out...has not said they're going to cut any more production until that cut catches up..... Demand doesn't go up and down daily...it takes time. Ripple effect... as economies went in the crapper, our stock market is bottoming out, big 3 are crying for money, etc., everyone spent less, drove less, consumed less. That is finally catching up. Quote Link to comment Share on other sites More sharing options...
locogato11283 Posted November 21, 2008 Report Share Posted November 21, 2008 its easy to say "read up". but honestly what information can you trust anymore? everything is corrupt in some way. Quote Link to comment Share on other sites More sharing options...
Tapatalk Posted November 21, 2008 Report Share Posted November 21, 2008 it went down because lack of demand and investors are pulling all their money out of stocks including oil and gas stocks and sitting on their mountains of cash. deflation is setting in. once the economy starts to turn around and the stock market starts to rally the prices will go back up so enjoy it while you can and save your $$$$$$. although I dont see $147 a barrel anytime soon or $4.00 a gallon for gas either. I read $1.25 a gallon soon? :thumbsup: Big oil guys are sweating it now that Obamas in. fuck them greedy bastards. I got your record profits right here exxon (grabbing crouch emoticon) $50 to fill my 2500 hd silverado yesterday down from high $70 something. Thats pretty nice! Quote Link to comment Share on other sites More sharing options...
Michael Jackson Posted November 21, 2008 Report Share Posted November 21, 2008 1.87 for regular here Quote Link to comment Share on other sites More sharing options...
Michael Jackson Posted November 21, 2008 Report Share Posted November 21, 2008 it went down because lack of demand and investors are pulling all their money out of stocks including oil and gas stocks and sitting on their mountains of cash. deflation is setting in. once the economy starts to turn around and the stock market starts to rally the prices will go back up so enjoy it while you can and save your $$$$$$. although I dont see $147 a barrel anytime soon or $4.00 a gallon for gas either. I read $1.25 a gallon soon? :thumbsup: Big oil guys are sweating it now that Obamas in. fuck them greedy bastards. I got your record profits right here exxon (grabbing crouch emoticon) $50 to fill my 2500 hd silverado yesterday down from high $70 something. Thats pretty nice! so you mean george bush didnt personally raise the gas prices!?!?!?! Quote Link to comment Share on other sites More sharing options...
dajogejr Posted November 21, 2008 Report Share Posted November 21, 2008 its easy to say "read up". but honestly what information can you trust anymore? everything is corrupt in some way. Amen.... I've been bored at work....and I've been reading a bunch of notable news sites. While I realize most of them have a "slant" to them...I approach news the same way I approach working on my shit. Gather a bunch of sources, read between the lines, draw your own conclusions... Trust me, you tube conspiracy videos are NOT my source of news...LOL. Quote Link to comment Share on other sites More sharing options...
locogato11283 Posted November 21, 2008 Report Share Posted November 21, 2008 Amen.... I've been bored at work....and I've been reading a bunch of notable news sites. While I realize most of them have a "slant" to them...I approach news the same way I approach working on my shit. Gather a bunch of sources, read between the lines, draw your own conclusions... Trust me, you tube conspiracy videos are NOT my source of news...LOL. all the best news in on youtube!! everyone knows that!! :biggrin: Quote Link to comment Share on other sites More sharing options...
Troubledsol Posted November 21, 2008 Report Share Posted November 21, 2008 Where is this ?That is a good price ! I am in Cincinnati Ohio and if you have a Kroger grocers pad you get an extra $0.10 off $1.49 for reg and I drive a Powerstroke so gas proces can kiss my a$$ Quote Link to comment Share on other sites More sharing options...
FASTOYS Posted November 21, 2008 Report Share Posted November 21, 2008 Wow, 1.49? that is way cool. In Topeka, Ks yesterday i saw gas for $1.59 and paid 2.59 for diesel. Diesel should definetly be cheaper i think. Who woulda thought we'd ever see below $2.00 a gal. again?? Quote Link to comment Share on other sites More sharing options...
87sheerips Posted November 21, 2008 Report Share Posted November 21, 2008 Yea this is crazy, in a good way! $1.79 this morning in southwest MI. Quote Link to comment Share on other sites More sharing options...
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