Oil Prices

Discussion in 'The Squeaky Wheel' started by Bluffing024, Dec 18, 2008.

  1. Bluffing024 Active Member

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    Oil is below $36.50 :eek:
    Bluffing024, Dec 18, 2008
    #1

  2. LaserSVT black cloud overhead on a sunny day

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    Shaddup ya smartass! :fuss:
    LaserSVT, Dec 18, 2008
    #2

  3. GDawg Founding Member

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    **** the Arabs... we don't need no stinking camel oil...!
    GDawg, Dec 18, 2008
    #3

  4. Bluffing024 Active Member

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    :shrug:
    Bluffing024, Dec 18, 2008
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  5. Strype Cuthbert catcher

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    < ---- Has gas
    Strype, Dec 18, 2008
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  6. GDawg Founding Member

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    I get my gas from the value menu at Taco Bell... :eek:
    GDawg, Dec 18, 2008
    #6

  7. Venom351R Founding Member

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    and this was AFTER OPEC said they were cutting back supply
    Venom351R, Dec 18, 2008
    #7

  8. GT40XStang9 Thanks to Tim, I get off pretty easy.

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    Norway is as screwed as California, which is screwed for different reasons.
    GT40XStang9, Dec 19, 2008
    #8

  9. MustangLX-5.0 Founding Member

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    Gas went up .05 cents today.Lets see what it looks like tomarrow.
    MustangLX-5.0, Dec 19, 2008
    #9

  10. Darkwriter77 Resident Ranting Negative Nancy

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    Gas is down to $1.49/gallon here - cheaper than it was even when I first moved here to AZ in June of '03 (and it was about $1.36/gallon in KC at the time I moved). I ain't complainin'. :nice:

    However, like all good things, I'm sure this won't last for long... :(
    Darkwriter77, Dec 19, 2008
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  11. stykthyn Commander of the snuggie cultists

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    christ man, I'm still paying 1.73 for regular
    stykthyn, Dec 19, 2008
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  12. Darkwriter77 Resident Ranting Negative Nancy

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    That's a bundled-in tax you're paying to finance the repairs needed across the state due to hurricane damages every year. :D
    Darkwriter77, Dec 19, 2008
    #12

  13. jikelly Well-Known Member

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    I wouldn't surprised if OPEC completely cuts off production to stop oil from dropping if much farther
    Posted via Mobile Device
    jikelly, Dec 19, 2008
    #13

  14. mackey New Member

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    How would that help them. They are cutting production because of two reasons.

    1) Not enough Demand
    2) To boost the prices

    If they completely cut production they would no profit which is what they are after.

    It was said that many middle east countries planned their budgets around $90/barrel oil. They need to do some re-estimating now! BTW oil was at around $33 intra-day.
    mackey, Dec 20, 2008
    #14

  15. Therian The Highlander

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    Unlikely.

    I wouldn't be surprised if they agree to set lower quotas, and then several of the member nations cheat on production.
    Therian, Dec 20, 2008
    #15

  16. 90mustangGT I felt sorry for girls because

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    The best part is how Russia and Venesueala (SP) economy has taken a dump. Must suck when your whole economy depends on one resource. HAHA Remember that big military excersize, cut down to just a few ships now. Boy did they get ballsy for a while.
    90mustangGT, Dec 20, 2008
    #16

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