What's new
By:

Oil Prices, Energy Trends & What Comes Next

$2.45 we saw today. Is there any reason it is on the rise again? Haven't seen anything to push it up?
 
$2.45 we saw today. Is there any reason it is on the rise again? Haven't seen anything to push it up?
Click to expand...
I haven't checked in on that steel worker strike lately. I did hear on the radio that some freighters were going to the Canadian ports though.I read today that Russia and China were working on larger pipeline deal. Also something about a Russia and India deal to "devalue the dollar."
*shrug* who knows?

 
A mechanic at Wal-mart told me yesterday that by memorial day it will go up to $5. I don't know where he is getting his info from, but didn't take too much into it, but you never know.
 
A mechanic at Wal-mart told me yesterday that by memorial day it will go up to $5. I don't know where he is getting his info from, but didn't take too much into it, but you never know.
Click to expand...
My father in law told me this too.

 
$5 huh? I will believe it when I see it. Face it an increase like that will cause mass craziness.

Edit - Read some and may be true but still I HATE GAS AND THE OIL INDUSTRY!

 
For all the natural gas that has been burned off because they would lose money selling it (cheaper to burn it out of spite than the profit they would get for it,) it would be cheaper to dump it in New Jersey and pay pennies on the dollar to clean it up.

I literally can't even can. This has to be the worst affront to humanity. The market is manipulated against the consumer yet they keep pumping oil out of the ground if there is no place to put it?

Also, is anyone else notice the blame put on North Dakota for the oil tanker train car derailments/fires in Mass Media?

 
I don't think it's ND fault. First off the tankers are made for this many loads. I wonder if they have to inspect for cracks etc.? If production is up then their inspections won't be as thorough as normal. Also I believe the tracks which need to be maintained as well may be over looked and not made to handle multiple loads either.
 
I don't think it's ND fault. First off the tankers are made for this many loads. I wonder if they have to inspect for cracks etc.? If production is up then their inspections won't be as thorough as normal. Also I believe the tracks which need to be maintained as well may be over looked and not made to handle multiple loads either.
Click to expand...
For sure, it's not your or my fault, and it's not ND's fault collectively, but I've seen it blamed on ND
 
Have Oil Prices Hit Their Floor?

A number of fundamentals suggest not yet: Global storage levels are brimming. Economies in the U.S., Europe and Asia are all mixed, clouding demand forecasts. And some of the world’s biggest producers””including Saudi Arabia, its fellow OPEC members and Russia””are still pumping at full speed. All of that means the global glut of oil that caused the big price drop in the first place isn’t likely to ease soon.

 
Ya it's BS if you ask me. We have gone in the opposite direction around here.
 
You must log in or register to reply here.
Back
Top