I am looking forward for somebody in Obama’s administration giving us a tortured example why gas has not gone back down to the level it was in 2008 when he was elected ($1.86/gal).
DRILL BABY DRILL!!
Is this because we are now creating so much wind and solar energy?/sarc on.
$2.35 in the Ozarks. I suspect this latest drop has not as yet been factored in. Will be interesting to see what happens in trading pit on Monday (Dec.1). Could see considerable blood shed...
Here were some of the biggest losers on Friday:
BP (BP), down 5%
Royal Dutch Shell (RDS.A), down 6%
Total (TOT), down 5%
Statoil (STO), down 14%
Exxon Mobil (XOM), down 5%
ConocoPhillips (COP), down 9%
Marathon Oil (MRO), down 13%
Occidental Petroleum (OXY), down 7%
Anadarko Petroleum (APC), down 14%
Linn Energy (LINE), down 13%
Whiting Petroleum (WLL), down 28%
Oasis Petroleum (OAS), down 32%
Kodiak Oil & Gas (KOG), down 28%
And this list goes on.
More cognitive dissonance for the libtards that live in their parents basement. They love the lower gas prices, but lose sleep at night over the damage to mother Gaia fracking does.
What are they to do?
Butt, butt, butt....... I thought the lyin’ king PROMISED us that energy prices would necessarily skyrocket. Somebody needs to look into this. At least my home energy prices are climbing. Oh, crap. That’s not good.
So, consumers have more money to waste on stuff, and with more retail lower paying jobs? It'll also be money sent overseas for imported merchandise. Globally, better jobs dry up as Saudi Arabia grabs all the cash?
Will this be short term gain but with questionable long term consequences? I really don't have any clue about what happens in the long term. Does anybody?
Now if they would get rid of the damn corn subsidy and ethanol, I might even be able to afford a good, priced right, steak.
At what point would it finally not matter much if a little war in the ME closed the Straits of Hormuz?
North Dakota and Russian oilmen would be cheering for it.
Should be $40 a barrel.
Anyone know anything about this:
http://nationalreport.net/additional-three-dollar-gas-tax-take-effect-jan-1st-2015/
“Additional Three Dollar Gas Tax To Take Effect Jan 1st 2015”
Also, PA folks, we won’t be seeing any relief from lower oil prices..
http://www.philly.com/philly/news/Pa_gas_tax_to_rise_Jan_1_again_in_2015_and_17_.html
The gas tax (unless it has been dumped on its ear) is set to go up again in 2015.
Putin and the Opecker Princes and their S. American Opecker thugs have to be really depressed. May their depression continue.
The savings in gasoline purchases may be filtering down to the American Shopper. For close to two decades our DIL, grand daughter take my wife Black Friday shopping.
The three of them said the lines of buyers at all of the stores to get in and at customer checkout points were longer than they have been in years.
They couldn’t even get into parking lots at a couple of the shopping centers.
The men folk go fishing on our local river. On the river, we say more fishers in boats and just boats doing the tour thing since the last of Bush’s term.
What happened to the “we’re running out of oil people”?...
CRICKETS.....
Here in Quebec Canada the land of unicorns and progressive kumbaya, the price of a litre is $1.21 CAD. Equivalent to $4.54 a US gallon. Converted to USD, it’s about $4.00! Keep in mind that we export 80% of our oil to the rest of the world (most of it to you guys). We get robbed robbed robbed at the pump here but hey Peter has been paying Paul with Harry’s money for half a century. And we are in deep doodoo given that good paying jobs are flying out of here faster than Canadian Loonies heading south.