Crude oil closed at $45.34 per barrel today ( Archived) (46)

Dec 5, 2008 9:08 PM CST Crude oil closed at $45.34 per barrel today
That is $100.00 a barrel lower than it was this summer. OPEC is in shambles and they can't agree on anything including cutting production because they don't trust each other to honor any production cuts. Seems they don't want to lose any more money than they have already.
------ This thread is Archived ------
Dec 5, 2008 9:24 PM CST Crude oil closed at $45.34 per barrel today
kidatheart
kidatheartkidatheartFruitvale, British Columbia Canada30 Threads 16,544 Posts
The oil and gas companies will be asking for a 25 trillion dollar bail out package soon.laugh
------ This thread is Archived ------
Dec 5, 2008 9:25 PM CST Crude oil closed at $45.34 per barrel today
bushbun
bushbunbushbunMinneapolis, Minnesota USA22 Threads 5 Polls 466 Posts
ooby_dooby: That is $100.00 a barrel lower than it was this summer. OPEC is in shambles and they can't agree on anything including cutting production because they don't trust each other to honor any production cuts. Seems they don't want to lose any more money than they have already.











This is just to make people sick and drive them insane...disregard your concerns and enjoy your life my friend. Just wave those gas stations as you pass by and instead put smile on your face as family is waiting on you at homewink

High gas price was to create $$$ recount....faster financial export overseas where money is safely sheltered from terorists and you...

Government is creating high mode fluctuactions in hope that would provoke in people unbalanced uncertainties....

It's not enough to strip people off dignity, pride, and honor....neither to break families and leave kids with separated parents...financially broke.....IT'S PEOPLE SANITY THAT GOVERNMENT WANTS....ANOTHER SAFE INVESTMENT IN THE FUTURE WHEN YOU'LL BE ALL BUYING EXPENSIVE MEDICINES WHILE DEPENDING ON THEM....your finances controlled by insurance etc.
------ This thread is Archived ------
Dec 5, 2008 9:25 PM CST Crude oil closed at $45.34 per barrel today
Da10th
Da10thDa10thThree Springs, Pennsylvania USA17 Threads 2,744 Posts
kidatheart: The oil and gas companies will be asking for a 25 trillion dollar bail out package soon.
rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing wouldn't be so funny if it wasn't so true.
------ This thread is Archived ------
Dec 5, 2008 9:35 PM CST Crude oil closed at $45.34 per barrel today
tanja_70
tanja_70tanja_70San Francisco, California USA5 Threads 204 Posts
In Western Europe 1 gallon costs about 4,50 $
In Eastern Europe 1 gallon costs about 6,00 $
In USA 1 gallon costs about 1,90 $

How? Why?

USA has own production of oil (I know that), but also that production is enough for 20% of American needs, only.

Question is: Why lower price? How lower price?


Of course, OPEK will reduce oil production and price will be at least about 6,00 $ per 1 gallon.
------ This thread is Archived ------
Dec 5, 2008 9:39 PM CST Crude oil closed at $45.34 per barrel today
tanja_70
tanja_70tanja_70San Francisco, California USA5 Threads 204 Posts
By the way,

Santa sent a present (that is reason of oil lower price)


And than 2009. will come and................sigh
------ This thread is Archived ------
Dec 5, 2008 10:03 PM CST Crude oil closed at $45.34 per barrel today
zeelanderer
zeelandererzeelandererLouisville, Kentucky USA24 Threads 531 Posts
Lets put the blame where blame is due for these damn low gas prices.... it's all George Bush's fault. First he drives the price way up now he drives the price way down.... WTF?

zee
------ This thread is Archived ------
Dec 5, 2008 10:25 PM CST Crude oil closed at $45.34 per barrel today
Galactic_bodhi
Galactic_bodhiGalactic_bodhiAkron, Ohio USA609 Threads 1 Polls 9,196 Posts
zeelanderer: Lets put the blame where blame is due for these damn low gas prices.... it's all George Bush's fault. First he drives the price way up now he drives the price way down.... WTF?

zee


Its all about peak season pricing...people have changed their consumption so demand is lower, supply is higher, and overall prices go down. Wait until peak travel season next year...they'll be gouging us again...
------ This thread is Archived ------
Dec 5, 2008 10:28 PM CST Crude oil closed at $45.34 per barrel today
Galactic_bodhi
Galactic_bodhiGalactic_bodhiAkron, Ohio USA609 Threads 1 Polls 9,196 Posts
tanja_70: In Western Europe 1 gallon costs about 4,50 $
In Eastern Europe 1 gallon costs about 6,00 $
In USA 1 gallon costs about 1,90 $

How? Why?

USA has own production of oil (I know that), but also that production is enough for 20% of American needs, only.

Question is: Why lower price? How lower price?Of course, OPEK will reduce oil production and price will be at least about 6,00 $ per 1 gallon.


That's because the majority of our imports are crude, but the refining occurs domestically...and we have better technology and facilities than a lot of other countries for that sort of industry. Lower the overall cost of oil production from crude to unleaded and you see an overall drop in prices.
------ This thread is Archived ------
Dec 5, 2008 10:29 PM CST Crude oil closed at $45.34 per barrel today
kidatheart
kidatheartkidatheartFruitvale, British Columbia Canada30 Threads 16,544 Posts
Galactic_bodhi: Its all about peak season pricing...people have changed their consumption so demand is lower, supply is higher, and overall prices go down. Wait until peak travel season next year...they'll be gouging us again...


Still gouging for diesel fuel here, so I'm still driving my old van around. It gets worse mileage but overall cheaper to operate than my diesel truck by quite a bit.

wave
------ This thread is Archived ------
Dec 5, 2008 10:37 PM CST Crude oil closed at $45.34 per barrel today
friendsfirst
friendsfirstfriendsfirstBurbank, Illinois USA105 Threads 1 Polls 5,965 Posts
tanja_70: By the way,

Santa sent a present (that is reason of oil lower price)And than 2009. will come and................


Glad you believe in Santa.So do i.wave
------ This thread is Archived ------
Dec 5, 2008 10:38 PM CST Crude oil closed at $45.34 per barrel today
Galactic_bodhi
Galactic_bodhiGalactic_bodhiAkron, Ohio USA609 Threads 1 Polls 9,196 Posts
kidatheart: Still gouging for diesel fuel here, so I'm still driving my old van around. It gets worse mileage but overall cheaper to operate than my diesel truck by quite a bit.


That's because diesel's demand is fairly constant. Some domestic use of it is made, but mostly its used in commercial endeavors...constant demand = higher price, because supply is not constant and they have to stockpile to meet demand...

That's one reason its called a "strategic reserve" doh

mumbling
------ This thread is Archived ------
Dec 5, 2008 10:43 PM CST Crude oil closed at $45.34 per barrel today
kidatheart
kidatheartkidatheartFruitvale, British Columbia Canada30 Threads 16,544 Posts
Galactic_bodhi: That's because diesel's demand is fairly constant. Some domestic use of it is made, but mostly its used in commercial endeavors...constant demand = higher price, because supply is not constant and they have to stockpile to meet demand...

That's one reason its called a "strategic reserve"


There's always been a constant demand, and it used to be cheaper the gasoline until a few years ago here. It's cheaper to process and less additives than gas so it should cheaper, and at least be proportionate in price increases and decreases compared to gas. It's not even close.
Although there are more diesel light trucks on the roads than ever before, but even still it's over priced.
------ This thread is Archived ------
Dec 5, 2008 10:52 PM CST Crude oil closed at $45.34 per barrel today
Galactic_bodhi
Galactic_bodhiGalactic_bodhiAkron, Ohio USA609 Threads 1 Polls 9,196 Posts
kidatheart: There's always been a constant demand, and it used to be cheaper the gasoline until a few years ago here. It's cheaper to process and less additives than gas so it should cheaper, and at least be proportionate in price increases and decreases compared to gas. It's not even close.
Although there are more diesel light trucks on the roads than ever before, but even still it's over priced.


Tanks aren't measured by the mpg or kpl, they're measured in lpk or gpm...doh mumbling
------ This thread is Archived ------
Dec 5, 2008 10:54 PM CST Crude oil closed at $45.34 per barrel today
kidatheart
kidatheartkidatheartFruitvale, British Columbia Canada30 Threads 16,544 Posts
Galactic_bodhi: Tanks aren't measured by the mpg or kpl, they're measured in lpk or gpm...



Aren't they stealing diesel over there?laugh
------ This thread is Archived ------
Dec 5, 2008 11:14 PM CST Crude oil closed at $45.34 per barrel today
tanja_70
tanja_70tanja_70San Francisco, California USA5 Threads 204 Posts
Galactic_bodhi: That's because the majority of our imports are crude, but the refining occurs domestically...and we have better technology and facilities than a lot of other countries for that sort of industry. Lower the overall cost of oil production from crude to unleaded and you see an overall drop in prices.


Do you know how many companies relocated from Usa in Europe and Azia (no matter on your technology - sounds Silly????)
------ This thread is Archived ------
Dec 6, 2008 9:49 AM CST Crude oil closed at $45.34 per barrel today
Da10th
Da10thDa10thThree Springs, Pennsylvania USA17 Threads 2,744 Posts
tanja_70: Do you know how many companies relocated from Usa in Europe and Azia (no matter on your technology - sounds Silly????)




He's talking about refining technology, not technology in general.
------ This thread is Archived ------
Dec 6, 2008 9:50 AM CST Crude oil closed at $45.34 per barrel today
ooby_dooby: That is $100.00 a barrel lower than it was this summer. OPEC is in shambles and they can't agree on anything including cutting production because they don't trust each other to honor any production cuts. Seems they don't want to lose any more money than they have already.
They must be Crapping all over themselves.yay rolling on the floor laughing rolling on the floor laughing
------ This thread is Archived ------
Dec 6, 2008 9:54 AM CST Crude oil closed at $45.34 per barrel today
kidatheart: Still gouging for diesel fuel here, so I'm still driving my old van around. It gets worse mileage but overall cheaper to operate than my diesel truck by quite a bit.
I think you get more Gasoline from a Barrel of Crude Oil,than Diesel.
------ This thread is Archived ------
Dec 6, 2008 10:26 AM CST Crude oil closed at $45.34 per barrel today
zeelanderer
zeelandererzeelandererLouisville, Kentucky USA24 Threads 531 Posts
funny how the high price of gas was blamed on Bush, yet when it falls it is atributed to lower consumption. Will OBama be blamed when gas goes up in the spring? I think not.... y'all would be happy to pay $10 a gallon.

zee
------ This thread is Archived ------
Post Comment - Post a comment on this Forum Thread

This Thread is Archived

This Thread is archived, so you will no longer be able to post to it. Threads get archived automatically when they are older than 3 months.

« Go back to All Threads
Message #318

Stats for this Thread

1,393 Views
45 Comments
Created: Dec 2008
Last Viewed: Apr 29
Last Commented: Dec 2008

Share this Thread

We use cookies to ensure that you have the best experience possible on our website. Read Our Privacy Policy Here