Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Oil price falls below $40
AFP on Yahoo ^ | 12/5/08 | AFP

Posted on 12/05/2008 1:51:16 PM PST by NormsRevenge

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-50 next last
To: pissant

I nearly did a little jig the first time I filled my Blazer up for $23 the other day.


21 posted on 12/05/2008 2:13:43 PM PST by spikeytx86 (Pray for Democrats for they have been brainwashed by their fruity little club.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: TruthShallSetYouFree
I wonder how many other companies are profiteering in this manner.

Canada Post is still charging it, and when I call I am told the support staff is on strike, so please call back.

Not sarcasm

22 posted on 12/05/2008 2:13:47 PM PST by fanfan (Update on Constitutional Crisis in Canada.....Click user name)
[ Post Reply | Private Reply | To 10 | View Replies]

To: KarlInOhio
But I'm still driving like gas cost 15¢ per mile instead of the current 6¢ per mile.

Same here.I've changed my driving habits to a noticeable degree since last summer.Not because I couldn't *afford* to pay $4/gal because I could.I think most Americans could afford it.I did it because I've developed a hatred for many of OPEC's members...as well as the USSR (another major oil producer)...that would be hard to exaggerate.

This hatred has motivated me to cut my oil/energy consumption by something like 10%.I'm doing my small part to bring these filthy oil producers to their knees...and will do more if necessary.

23 posted on 12/05/2008 2:14:16 PM PST by Gay State Conservative (Obama:"Ich bin ein beginner")
[ Post Reply | Private Reply | To 11 | View Replies]

To: Star Traveler
It doubled during Carter's fiasco of running the country ... went from 48cents to 78 cents in one week (dad is great about reminiscing of the early gas crisis) ....
24 posted on 12/05/2008 2:14:39 PM PST by SkyDancer ("Talent Without Ambition Is Sad, Ambition Without Talent Is Worse")
[ Post Reply | Private Reply | To 5 | View Replies]

To: KarlInOhio

We NEED to still drive like gas is costing us $4 a gallon. That is why the price keeps dropping. DO NOT increase consumption! We need to keep the ball in our court.

The Arabs have been threatening to cut back production. Whoop-de-doo! They will just be cutting off their noses to spite their faces! They want to cut production, okay- I’ll cut my use. Their economy cannot afford for us to use less and less and for the prices to keep dropping. They won’t do it; they can’t do it!

And now with this Big 3 motor bailout mandating cars with better fuel mileage or alternative/electric - their little Arab-asses are shaking in their turbans.

Its all about the Golden Rule - He who has the gold, makes the rules. Right now the gold is NOT the oil. It’s the cash! We’ve got the gold (cash) and we’re making the rule (of what we are willing to pay and it ain’t $4 a gallon!)


25 posted on 12/05/2008 2:17:57 PM PST by HomeschoolMomma (No thanks...I already have a Messiah!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: SkyDancer
During the last oil crisis in the seventies when it crashed and oil prices went south, it knocked out all the support for alternative fuels such as shale oil and coal to liquids.

It will happen again and each time we are less prepared for the next oil shock. If the government had any sense (it does not) they would take the ethanol subsidy and use that money to support the production of shale oil. Put a floor of 50 bucks a barrel on shale oil and coal to liquids. We have the energy sources we need in this country if Congress will allow us to develop them.

26 posted on 12/05/2008 2:23:13 PM PST by cpdiii (roughneck, oilfield trash and proud of it, geologist, pilot, pharmacist, iconoclast.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: NormsRevenge

Crude oil will NEVER fall below $100/Bbl... uh, oops! Lots of Freepers are wrong again. Silly Freepers.


27 posted on 12/05/2008 2:23:54 PM PST by Freedom_Is_Not_Free
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paladin2
I still think $10/bbl is appropriate.

Well, to the consumer, that might seem like a great idea. Unfortunately, you want to see domestic production drop to zero? I don't think US production can be done at $10 per barrel. Then what happens is the towel-heads then cut the spigots back just a bit and the price goes nuts. Throw in some civil unrest, natural disaster, or other major problem and suddenly - oil is higher than ever - and gas prices finish off the US economy...

Personally, if $50 per barrel with $1.70 gas would keep the US producers drilling and working, then I don't mind paying it. I want us to continue to explore and look for new avenues to fill our energy needs. I don't want to be locked in goosestep with Muslims who want us dead (and want our money too!).

28 posted on 12/05/2008 2:24:23 PM PST by TheBattman (Pray for our country....)
[ Post Reply | Private Reply | To 13 | View Replies]

To: KarlInOhio
But I'm still driving like gas cost 15¢ per mile instead of the current 6¢ per mile.

Smart person, I have no intention of being screwed by the oil companies again.

29 posted on 12/05/2008 2:24:47 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: cpdiii
Why spend the energy to get shale oil when there's ANWAR and off shore oil that's in the zillions of gallons .... you have to pump superheated steam into shale to liquefy the oil so it can be pumped to the surface ... so you have to spend energy to make that steam so there's a loss if energy when that's done ....
30 posted on 12/05/2008 2:25:58 PM PST by SkyDancer ("Talent Without Ambition Is Sad, Ambition Without Talent Is Worse")
[ Post Reply | Private Reply | To 26 | View Replies]

To: NormsRevenge
The price of Brent crude oil slumped to 39.77 dollars a barrel in trading here on Friday

Bush's fault!!!!!!! Oh wait, he only gets blamed when gas prices go up. Sorry.
31 posted on 12/05/2008 2:26:01 PM PST by indiana_gop
[ Post Reply | Private Reply | To 1 | View Replies]

To: RegulatorCountry
Time to install a backyard tank, if your locality and state allows.

If it is diesel that would be ok, however it it is gas with ethanol it will separate and you will have big problems. It messes up small motor's all the time.

32 posted on 12/05/2008 2:27:13 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: NormsRevenge

It would be fun to see the oil company executives head to Washington for a bailout! But each in individual jumbo jets (because fuel is so cheap)....


33 posted on 12/05/2008 2:29:27 PM PST by Jack Wilson
[ Post Reply | Private Reply | To 1 | View Replies]

To: SkyDancer
Because there is a 200 year supply of shale oil. Yes we should drill Anwar and offshore but they alone are not sufficient for energy independence.

We should use every viable source of energy that we can find.

offshore
Anwar
shale oil
coal and coal to liquids
nuclear (which could supply every watt of electrical energy w need)
wind
water
solar (if they every get the cost of panels down)
etc.
Ethanol is to be drank not burned.

34 posted on 12/05/2008 2:31:46 PM PST by cpdiii (roughneck, oilfield trash and proud of it, geologist, pilot, pharmacist, iconoclast.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: NormsRevenge
And all those folks who gave away their SUV’s for nothing.....
35 posted on 12/05/2008 2:32:56 PM PST by Mase (Save me from the people who would save me from myself!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio

I, for one, welcome our new low gas price overlords.


36 posted on 12/05/2008 2:33:49 PM PST by Ungoliant the Black
[ Post Reply | Private Reply | To 11 | View Replies]

To: org.whodat

Not all areas have the “winter blend” with ethanol. Even in such areas, “white gas” can be purchased at marinas. There are ways to avoid it.

Ethanol substantially decreases fuel economy, above and beyond the complaints about mechanical problems. Most new cars and trucks on the road now very few problems with it, mechanically.


37 posted on 12/05/2008 2:35:10 PM PST by RegulatorCountry
[ Post Reply | Private Reply | To 32 | View Replies]

To: org.whodat

Not all areas have the “winter blend” with ethanol. Even in such areas, “white gas” can be purchased at marinas. There are ways to avoid it.

Ethanol substantially decreases fuel economy, above and beyond the complaints about mechanical problems. Most new cars and trucks on the road now very few problems with it, mechanically.


38 posted on 12/05/2008 2:35:20 PM PST by RegulatorCountry
[ Post Reply | Private Reply | To 32 | View Replies]

To: TheBattman
The less $$$ we send to the ME, the better.

Given that the 'rats are in charge, even $50 oil will not drive decreased dependence on ME oil.

A low oil price will be a boost to most of the economy and help get us out of a looming depression. Even if we were to go to 100% importation, we'd be sending less $$$ to the ME.

39 posted on 12/05/2008 2:39:18 PM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: cpdiii

Right - I figured that drilling OS and ANWAR while developing the shale oil as we go along ... it’d be further down on my list too ... but yet there .... it’s the steam extraction costs that doesn’t seem a benefit right now ....


40 posted on 12/05/2008 2:41:17 PM PST by SkyDancer ("Talent Without Ambition Is Sad, Ambition Without Talent Is Worse")
[ Post Reply | Private Reply | To 34 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-50 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson