$100 A Barrel Oil is on the Way

#1,176
#1,176
rjd970 said:
Could lower demand be tempering the price? I'm wondering if there has been some long-term reductions with hybrids and new fuel efficiency standards set forth by Obama. There have also been some big offshore finds lately. Combine all that with the fact that we aren't even in a peak driving season yet and I'm not so sure it is purely based on economic growth projections.

I could see it jumping north of $100 this summer though.
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lower demand and the speculators (my argument is that speculation simply increases volitilty) are what got the price down to $50 early in the year. the lower demand was the result of the crappy economy though, not individuals consuming less. i can't imagine why fuel efficiency standards that dont' go into effect for 10 years would have an effect.
 
#1,177
#1,177
I think oil demand is suppose to taper in the U.S. because people are buying more fuel efficient cars. But it is suppose to explode in China and India, so the price is suppose to continue to rise.
 
#1,182
#1,182
While it's not confirmed if the leak is indeed oil, it looks like our streak of no oil spills form the offshore operations may have ended.

Oil slick spreads from sunken rig - CNN.com

Despite this horrible accident (or was it? eco-terrorism, anyone?), offshore drilling is still a pretty stable operation. It'll be interesting to see what effects this has.
 
#1,183
#1,183
TennTradition said:
While it's not confirmed if the leak is indeed oil, it looks like our streak of no oil spills form the offshore operations may have ended.

Oil slick spreads from sunken rig - CNN.com

Despite this horrible accident (or was it? eco-terrorism, anyone?), offshore drilling is still a pretty stable operation. It'll be interesting to see what effects this has.
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Bad timing
 
#1,184
#1,184
TennTradition said:
While it's not confirmed if the leak is indeed oil, it looks like our streak of no oil spills form the offshore operations may have ended.

Oil slick spreads from sunken rig - CNN.com

Despite this horrible accident (or was it? eco-terrorism, anyone?), offshore drilling is still a pretty stable operation. It'll be interesting to see what effects this has.
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Umm, we should soooooo regulate this. If we had, this would have like have never happened and stuff.....
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#1,185
#1,185
TennTradition said:
While it's not confirmed if the leak is indeed oil, it looks like our streak of no oil spills form the offshore operations may have ended.

Oil slick spreads from sunken rig - CNN.com

Despite this horrible accident (or was it? eco-terrorism, anyone?), offshore drilling is still a pretty stable operation. It'll be interesting to see what effects this has.
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It means we turn the lower 48 states into Swiss Cheese and drill baby drill.
 
#1,188
#1,188
KB5252 said:
Why would you want it to spill? Perhaps it's because you disagree with drilling because of environmental concerns?
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just wait until the team of Cuba/China start drilling it. I'm sure they will have the same environmental concerns and regulations that the US does
 
#1,191
#1,191
KB5252 said:
Why would you want it to spill? Perhaps it's because you disagree with drilling because of environmental concerns?
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It's just a reminder that accidents happen, regardless of what the paid mouthpieces say on the campaign trail.
 
#1,194
#1,194
Velo Vol said:
The oil doesn't care who spilled it.
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when talking about US drilling, don't you think the US safety record is relavant?

Velo Vol said:
It's just a reminder that accidents happen, regardless of what the paid mouthpieces say on the campaign trail.
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so it's better that these accidents happen in saudi arabia than the US? even if it's far less likely in the US?
 
#1,195
#1,195
droski said:
when talking about US drilling, don't you think the US safety record is relavant?



so it's better that these accidents happen in saudi arabia than the US? even if it's far less likely in the US?
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So, is the point that you are making that it is BP, not an American company, leaking oil right now from an (former) off-shore oil rig? So, the US record is clean? Is that a legitimate point to make when Shell and BP will be right there beside ExxonMobil, ConocoPhillips, and Chevron to drill the areas that are opened up? We aren't opening them up to only American companies are we?
 
#1,196
#1,196
if they are operated by american safety standards there should not be a problem. and i havent' seen an oil spill from this accident.
 
#1,198
#1,198
Velo Vol said:
The oil doesn't care who spilled it.
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Velo Vol said:
It's just a reminder that accidents happen, regardless of what the paid mouthpieces say on the campaign trail.
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But let's keep this in perspective. Oil has a good record.

Also, there are paid and unpaid mouthpieces on the other side. I bet a bunch of green energy companies are playing this up.
 
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