$100 A Barrel Oil is on the Way

#452
#452
droski said:
chevron and exxon are making less money now then they were when oil was $80. their refining operations are losing big money. i fail to see why apple or something is allowed to make billions of dollars but oil companies aren't.

and the president couldn't affect the oil price even if he wanted to (baring him invading saudi arabia).
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God I hope their familys can put food in their mouth.:cray:pOOR POOR OILL companys:cray:
 
#454
#454
Fine Vol said:
God I hope their familys can put food in their mouth.:cray:pOOR POOR OILL companys:cray:
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they took the risk (which is considerable), put up the capital, why shouldn't they get the rewards? if oil was $20 a barrell these guys would be going bancrupt. as said previously maybe people should be taking a closer look at farm subsidies which are inflating grain and milk prices like crazy rather than the oil industry. the us govt is artificially inflating these prices, yet no one really complains.
 
#455
#455
If we could just elect people like Pelosi to positions of leadership....I really really really bet things would get fixed.
 
#459
#459
allvol123 said:
If we could just elect people like Pelosi to positions of leadership....I really really really bet things would get fixed.
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Did you see President Bush on "deal or no deal last night"? Apparently they didn't think he could pull off being on "are you smarter then a 5th grader."
 
#460
#460
droski said:
they took the risk (which is considerable), put up the capital, why shouldn't they get the rewards? if oil was $20 a barrell these guys would be going bancrupt. as said previously maybe people should be taking a closer look at farm subsidies which are inflating grain and milk prices like crazy rather than the oil industry. the us govt is artificially inflating these prices, yet no one really complains.
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You are a lil above my level on said thoughts:)
 
#462
#462
myrobbins7 said:
:eek:lol::eek:lol::eek:lol::eek:lol: Yeah, like the thing she ran on to "lower" gas prices!! :eek:lol::eek:lol::eek:lol::eek:lol::eek:lol:
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There is a good reason that Pelosi's congress is doing worse than Bush in public opinion. Cause she is a joke!
 
#467
#467
oklavol said:
Did you see President Bush on "deal or no deal last night"? Apparently they didn't think he could pull off being on "are you smarter then a 5th grader."
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kinda like the Clinton's turned down their invite to be on The Moment of Truth
 
#472
#472
MYROBBINS one more quicky. if we were to drill closer to home and open up more refineries here would it make a considerable difference in the prices? they say it will, but what do u think?
 
#473
#473
wylievol said:
MYROBBINS one more quicky. if we were to drill closer to home and open up more refineries here would it make a considerable difference in the prices? they say it will, but what do u think?
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YES!!! That is what we need...But good luck with ever getting that done.
 
#474
#474
wylievol said:
MYROBBINS one more quicky. if we were to drill closer to home and open up more refineries here would it make a considerable difference in the prices? they say it will, but what do u think?
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I'll take a shot at this one.

1. Drilling closer to home could impact oil prices in a couple ways: First, if it is new supply and a significant find it should lower the supply/demand part of pricing. Second, if it is significant supply and is in a politically stable area it reduces the risk premium in pricing.

Lower oil prices ultimately put downward pressure on gas prices but they are not perfectly correlated.

2. Additional refining capacity would more directly impact gasoline prices by loosening capacity constraints
 
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