bigmaninarig
All-Star Author
Missouri
Posts:668
Points:120,055
Joined:Jul 2008
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Message Posted:
11/22/2008 5:18:44 AM
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So now its our turn to become as rich as China.
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hank1326
All-Star Author
Los Angeles
Posts:759
Points:173,255
Joined:Jun 2008
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Message Posted:
11/21/2008 2:16:33 PM
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We need to protect our reserves better. China and India stockpiled on gas and US currency to push us into the current rollercoaster.
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Sealer
Champion Author
Charleston
Posts:2,964
Points:346,630
Joined:Jan 2008
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Message Posted:
11/21/2008 8:26:08 AM
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We should be able to fill up the Strategic Petroleum Reserve at good prices.
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Don20
Champion Author
Oklahoma City
Posts:1,774
Points:1,059,985
Joined:Mar 2005
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Message Posted:
11/21/2008 8:25:57 AM
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That is normal, when gas wash $4.00 a gallon many people went to a more efficient vehicle. We have also been conserving which helps a bunch.. We need to continue to conserve..
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qaqcsup
Champion Author
Michigan
Posts:3,671
Points:178,160
Joined:Jun 2008
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Message Posted:
11/21/2008 8:23:36 AM
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Don't you just love a glut.
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txholeyrocks
Champion Author
Austin
Posts:1,032
Points:182,760
Joined:Nov 2007
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Message Posted:
11/21/2008 8:21:44 AM
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huh that's odd
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laddyboy62
Champion Author
Riverside
Posts:1,811
Points:1,040,410
Joined:Mar 2005
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Message Posted:
11/21/2008 8:21:29 AM
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supply and demand,,,right now no demand
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DrakIII
Sophomore Author
San Diego
Posts:108
Points:142,225
Joined:Sep 2005
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Message Posted:
11/21/2008 8:19:02 AM
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Hope the refill our reserves that they used the last time.
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niceguytx
Champion Author
Houston
Posts:5,934
Points:1,150,350
Joined:Sep 2005
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Message Posted:
11/21/2008 8:18:08 AM
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This is great for the consumer, but don't expect it to stay this way.
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spunky4443
Champion Author
Washington
Posts:1,388
Points:503,300
Joined:May 2005
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Message Posted:
11/21/2008 8:18:05 AM
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Maybe for once, the Oil Companies will lose in profit, for a change.
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SomeChick23
Sophomore Author
Edmonton
Posts:238
Points:134,935
Joined:May 2007
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Message Posted:
11/21/2008 8:18:03 AM
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lets keep this up.
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AZDaisy
Veteran Author
Arizona
Posts:325
Points:95,640
Joined:Sep 2008
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Message Posted:
11/21/2008 8:17:56 AM
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keep conserving
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JPGKC
Champion Author
Tampa
Posts:3,396
Points:614,675
Joined:Sep 2006
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Message Posted:
11/21/2008 8:17:45 AM
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Price is down and stockpiles are up, how about that news HUGO?
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10pennypincher
All-Star Author
St. Louis
Posts:532
Points:240,725
Joined:Jan 2007
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Message Posted:
11/21/2008 8:17:27 AM
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Keep conserving.
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Lindrel
Rookie Author
Charlotte
Posts:13
Points:28,000
Joined:Jul 2008
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Message Posted:
11/21/2008 8:16:13 AM
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This is great news.
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Commuter81
Sophomore Author
Edmonton
Posts:135
Points:63,480
Joined:Sep 2008
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Message Posted:
11/21/2008 8:15:34 AM
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Conserve conserve conserve!!!
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Avalanchegirl
Veteran Author
Denver
Posts:342
Points:64,620
Joined:Oct 2008
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Message Posted:
11/21/2008 8:12:52 AM
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lets keep consumption DOWN
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w4kh
Champion Author
Riverside
Posts:3,880
Points:684,545
Joined:May 2004
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Message Posted:
11/21/2008 8:10:58 AM
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Supply up, demand down, makes the price go down... no if we could only get off oil and move to alternatives, we could do without GM, Ford, and Chrysler... and just maybe the jobs lost by the Detroit automakers could come back with alternative fuel companies...
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crispy63
Rookie Author
Missouri
Posts:42
Points:15,465
Joined:Nov 2008
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Message Posted:
11/21/2008 8:10:15 AM
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Keep conserving is right.
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Lizzylou
Champion Author
Stockton
Posts:1,652
Points:925,220
Joined:Oct 2005
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Message Posted:
11/21/2008 8:09:11 AM
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It seems people are still conserving even though prices have dropped--this is good!
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Zinnoil
Champion Author
Illinois
Posts:13,540
Points:1,562,295
Joined:May 2004
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Message Posted:
11/21/2008 8:05:55 AM
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Need to have crude drop.
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fapjr1942
Sophomore Author
New Jersey
Posts:201
Points:296,935
Joined:Jul 2006
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Message Posted:
11/21/2008 8:05:27 AM
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Conservation and now is the time for alternate fuels
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BartBuzz
Veteran Author
Atlanta
Posts:421
Points:213,160
Joined:Aug 2006
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Message Posted:
11/21/2008 8:03:22 AM
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Keep conserving and the stockpile will continue to grow. And the gas prices will keep dropping. Don't let the low prices lure us back into our old driving habits. The consumer is in control!
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weenerdog
Champion Author
Detroit
Posts:1,911
Points:347,860
Joined:Jan 2008
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Message Posted:
11/21/2008 8:00:19 AM
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They'll have to cut production, not as a way to manipulate price, but simply because nobody's buying the excess. It's just like any other product, they can only store so much of it.
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frede2
Champion Author
Texas
Posts:3,693
Points:794,910
Joined:May 2005
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Message Posted:
11/21/2008 7:59:40 AM
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so this supply and demand thing is not real, huh? The economists have lied to us all of these years. Imagine that.
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FlyNFool
All-Star Author
South Carolina
Posts:530
Points:124,530
Joined:Aug 2008
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Message Posted:
11/21/2008 7:58:31 AM
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Wonder why?
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FawltyPawl
Champion Author
North Carolina
Posts:1,025
Points:161,080
Joined:Jul 2008
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Message Posted:
11/21/2008 7:55:59 AM
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So is unemployment
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Lukus
Veteran Author
Halifax
Posts:483
Points:111,485
Joined:Nov 2007
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Message Posted:
11/21/2008 7:54:47 AM
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Now the oil companies will shut down a refinery or two to lower production and then claim there is not enough gas in the system.
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pokey469
Veteran Author
Hamilton
Posts:262
Points:84,165
Joined:Sep 2005
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Message Posted:
11/21/2008 7:54:20 AM
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Who would of thought - they jack the ridiculous price up, we cut back & conserve, yet they keep pumping out excess volumes, of course it stocks up. Now the consumer is in the drivers seat - but they're still thinking of ways to shaft us.
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cableman31
Champion Author
New York
Posts:1,009
Points:476,140
Joined:May 2004
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Message Posted:
11/21/2008 7:53:43 AM
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I guess we stopped conserving. We never learn.
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cresovia
Veteran Author
Tallahassee
Posts:478
Points:187,740
Joined:Apr 2008
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Message Posted:
11/21/2008 7:49:39 AM
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What a surprise???
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tonycmd
All-Star Author
Maryland
Posts:515
Points:103,880
Joined:Jun 2008
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Message Posted:
11/21/2008 7:49:12 AM
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interesting
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FieroGT
Champion Author
Twin Cities
Posts:6,379
Points:1,131,070
Joined:Mar 2005
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Message Posted:
11/21/2008 7:47:55 AM
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How does the Somalia hijacking of the huge tanker affect pump prices?
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bikechuck
Veteran Author
Indianapolis
Posts:311
Points:533,905
Joined:Apr 2006
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Message Posted:
11/21/2008 7:47:18 AM
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If less is used, then it piles up. They got our attention with the $4/gal prices.
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Mazdaman7Q
Champion Author
South Carolina
Posts:3,802
Points:831,630
Joined:Jun 2006
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Message Posted:
11/21/2008 7:44:39 AM
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just as log as we can keep the pumps low
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TallSteve
All-Star Author
Dayton
Posts:645
Points:140,320
Joined:Nov 2006
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Message Posted:
11/21/2008 7:43:03 AM
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Why do we pay analysts when they seem to be off so often?
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Biogen
Veteran Author
Ventura
Posts:454
Points:108,480
Joined:Jul 2008
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Message Posted:
11/21/2008 7:42:11 AM
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Big stockpiles lower prices
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BabyDeeTX
Sophomore Author
Texas
Posts:151
Points:39,670
Joined:Oct 2008
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Message Posted:
11/21/2008 7:41:56 AM
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keep conserving
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AC-302
Champion Author
Los Angeles
Posts:8,901
Points:1,362,780
Joined:Aug 2004
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Message Posted:
11/21/2008 7:41:55 AM
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Some of the crude oil import increase could be due to chemcial production increases. If that were so, then it suggests that industry may start to be producing again.
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EarlyMoose
Champion Author
Seattle
Posts:1,944
Points:717,605
Joined:Dec 2005
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Message Posted:
11/21/2008 7:41:54 AM
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Under $2 in Snohomish and Woodinville, WA!
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Candy7244
Rookie Author
Oklahoma City
Posts:88
Points:37,020
Joined:Jul 2004
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Message Posted:
11/21/2008 7:41:35 AM
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I think it will be under a dollar after the first of the new year. It is about time for it to drop way down.
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Toppers
Champion Author
Atlanta
Posts:1,122
Points:905,375
Joined:Mar 2005
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Message Posted:
11/21/2008 7:40:54 AM
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Whoppee~!
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rerosales
Veteran Author
Corpus Christi
Posts:271
Points:226,600
Joined:Mar 2008
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Message Posted:
11/21/2008 7:40:39 AM
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With the over all lower demand, I don't understand why imports have risen.
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The_WB
Champion Author
Detroit
Posts:4,954
Points:525,500
Joined:Apr 2007
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Message Posted:
11/21/2008 7:40:37 AM
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All signs of lower oil prices!
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jcVA
All-Star Author
Virginia Beach
Posts:694
Points:89,835
Joined:Aug 2008
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Message Posted:
11/21/2008 7:39:12 AM
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6 wks or so
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suzyq2007
Sophomore Author
Dallas
Posts:228
Points:231,115
Joined:Oct 2007
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Message Posted:
11/21/2008 7:37:46 AM
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with all the surplus, we should see much lower prices for gasoline, but when is this going to happen?? still some price gouging going on.
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puff2ice
Veteran Author
Miami
Posts:392
Points:195,330
Joined:Apr 2004
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Message Posted:
11/21/2008 7:37:31 AM
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Yayy!!
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dyeh
All-Star Author
Illinois
Posts:812
Points:218,545
Joined:Apr 2008
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Message Posted:
11/21/2008 7:35:31 AM
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napermike: some speculators actually take what the pundits 'predict' and trade against them. Contrarian trading, as it were.
And if the story of the rising oil going to $150 and beyond makes it to a major magazine cover? Fugetaboutit. Go short.
Similarly, the day you see Newsweek print a cover with "How low can oil go?" with a flaming ball of tar, pile in to oil.
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Netscaper113
Champion Author
New York City
Posts:5,839
Points:1,142,645
Joined:Aug 2005
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Message Posted:
11/21/2008 7:35:20 AM
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great...
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rogerparry
Champion Author
Florida
Posts:1,577
Points:337,460
Joined:Jan 2008
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Message Posted:
11/21/2008 7:34:33 AM
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Keep conserving
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