Oil Prices, Energy Trends & What Comes Next

[jmanz]

2.09 here now.

 

[WayneKerr]

You'll want to trade that guzzler for a sipper when trucks bounce back to being popular.

On the radio, I heard a segment about how road deaths go up with cheap gas, or at least, go down as the price of gas increases, because drivers who are less expierenced are driving when gas is cheaper, because they can afford it.

 

[WayneKerr]

2.08 around lunch time.

 

[WayneKerr]

$1.989 @Outpost5!!!

 

[jmanz]

1.99 here in town now

 

[WayneKerr]

1.99 here in town now

Wow. Either one of us are in for a correction or this is the bottom.Can't really apply logic to this though.

 

[ndboarder]

Filled up last night for $1.77

 

[C Pav]

Still 2.29 here because living in an oil boom dump keeps it that way.

 

[ndboarder]

Well... The price at the pump was $1.89 when I filled, but I had a $0.12 off coupon from the grocery store. Either way, the station that takes the coupons generally isn't as low as some others in town, so I'm guessing elsewhere it's probably around $1.79 - $1.85 in town

 

[ryanator]

I always wondered why this oil-tar arm pit of a place is always the highest?

 

[nodle]

I always wondered why this oil-tar arm pit of a place is always the highest?

I think because so many vehicles are hauling/using gas and diesel. You would think we would be the lowest as some sort of break.

 

[nodle]

Why Oil Prices Are Headed Below $35 a Barrel

 

[ryanator]

Sell sell sell sell!

 

[nodle]

Sounds like it's here to stay...

Oil above $100? Never again, says Saudi Prince Alwaleed

 

[C Pav]

Sounds like it's here to stay...Oil above $100? Never again, says Saudi Prince Alwaleed

Read this earlier but what do you mean by looks like it's here to stay? The oil boom or bust?

 

[nodle]

I mean that the lower oil prices are here to stay for awhile. I will say at least till end of summer, this guy is saying forever. The futures are also saying its not going up anytime soon either.

 

[WayneKerr]

Maybe peak oil is bullshit. *shrug* I still say flooding the market with cheap oil is the only way OPEC can influence the world.

I mean that the lower oil prices are here to stay for awhile. I will say at least till end of summer, this guy is saying forever. The futures are also saying its not going up anytime soon either.

It will be interesting to see what happens to hybrid sales. Maybe they'll actually be affordable soon. Save your money from gas discounts to apply them on a hybrid when oil goes up again.

 

[nodle]

Basically ethanol research. No point in it anymore with gas prices.

BP Said Planning to Close US Cellulosic Operation by End-1Q 2015

 

[WayneKerr]

BP are the devil.

 

[ryanator]

My company is putting down 3 of it's 7 rigs, so almost half. Four of our main drill site managers are going to Texas. It's happening, nothing is fair in War, Love, and Oil... Just a reminder how volatile the oil business is. Certainly this could be a short term dip, but then again you never know. Now I really wish I would have sold my house when I kept saying I should have.