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  1. #1
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    Daily oil thread

    Down under 118 a barrel now! Let's go tear down some windmills!!


    World News, Financial News, Breaking US & International News | Reuters.com



  2. #2
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    Re: Daily oil thread

    Quote Originally Posted by snowcraig2.0 View Post
    Down under 118 a barrel now! Let's go tear down some windmills!!


    World News, Financial News, Breaking US & International News | Reuters.com
    What a bargain! I'm gonna pick up a few barrels on the way home from work.



  3. #3
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    Re: Daily oil thread

    Quote Originally Posted by Clone9 View Post
    What a bargain! I'm gonna pick up a few barrels on the way home from work.

    Sam's Club have them?


    Carrying the banner for ISU.


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    Re: Daily oil thread

    Woohoo, time to get the Hummer back out of storage!!!

    Okay, on a more serious note, how far do gas prices have to fall before we see Americans falling back into their old habits? During the run-up of prices demand for large vehicles has fallen off and the number of miles driven by American drivers has fallen quite a bit. Is this the beginning of a long term trend? Did $4 gas put the fear of God into us a little bit? Or will gas roll back a little bit and we will go back to driving our gas guzzlers and giving lip service to alternatives to oil?



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    Re: Daily oil thread

    I just dumped more gas out into the street just because it was to cheap not to do it.



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    Re: Daily oil thread

    I still say we will see $2 gas this year in Iowa.

    -keep


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  7. #7
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    Re: Daily oil thread

    Quote Originally Posted by keepngoal View Post
    I still say we will see $2 gas this year in Iowa.

    -keep
    The price always tends to dip during the fall/winter, doesn't it? I'd put my money on $3 a gallon. $2.75 if we're (un?)lucky.


    Go Sssssssssyclones!

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    Re: Daily oil thread

    So what part of the economy is the fast money crowd going to flood now (and thus run the price through the roof) ?

    I see the fast money doesn't even care about a tropical storm going right through prime gas refinery territory near Houston, Texas...

    Paging MidAmerican, start filling up the tanks with Natural gas NOW. Not at $12+ but at the $8 something now...



  9. #9
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    Re: Daily oil thread

    Quote Originally Posted by keepngoal View Post
    I still say we will see $2 gas this year in Iowa.

    -keep
    $2.99 or $2.00?

    I'm pretty sure we'll see one of the two.



  10. #10
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    Re: Daily oil thread

    Quote Originally Posted by aeroclone View Post
    Woohoo, time to get the Hummer back out of storage!!!

    Okay, on a more serious note, how far do gas prices have to fall before we see Americans falling back into their old habits? During the run-up of prices demand for large vehicles has fallen off and the number of miles driven by American drivers has fallen quite a bit. Is this the beginning of a long term trend? Did $4 gas put the fear of God into us a little bit? Or will gas roll back a little bit and we will go back to driving our gas guzzlers and giving lip service to alternatives to oil?

    $3.00. Once it goes below that, GM and Ford will be cranking up truck production again.



  11. #11
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    Re: Daily oil thread

    The dollar is also strengthening which is helping oil prices.



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    Re: Daily oil thread

    Quote Originally Posted by matmann22 View Post
    Paging MidAmerican, start filling up the tanks with Natural gas NOW. Not at $12+ but at the $8 something now...
    We (MidAmerican) have actually been filling our gas storage since April, and will continue to do so until the winter heating season. Since MidAmerican doesn't speculate in the gas purchasing markets it doesn't matter if gas is $7 an MMBtu or $13 an MMBtu, we're going to fill the storage the same no matter the price.



  13. #13
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    Re: Daily oil thread

    $2.XX

    -keep


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  14. #14
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    Re: Daily oil thread

    Quote Originally Posted by keepngoal View Post
    $2.XX

    -keep

    Way to make a stance McBama!



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    Re: Daily oil thread

    Quote Originally Posted by snowcraig2.0 View Post
    Way to make a stance McBama!
    I said that about 5 weeks ago when gas was $4.XX.. and was ridiculed for it.

    does that help?

    -keep.


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