Additionally, Saudi Arabia, as our "ally", can also make sure that Russia oil exports aren't as profitable as the Russians (Putin) would like them to be.
Additionally, Saudi Arabia, as our "ally", can also make sure that Russia oil exports aren't as profitable as the Russians (Putin) would like them to be.Dave, I'm not following your line of thought here at all.
However, I wanted to mention something you may find interesting. The low price is (partially) the result of the Saudis and OPEC refusing to drop production. There have been a couple of reasons suggested for this:
1. The Saudis/OPEC want to push the other producers (fracking etc.) out of the market by making it unprofitable for them to produce.
2. They want to hurt Iran financially to impair their ability to pursue a nuke weapon program. The Saudis are very concerned about Iran and the possibility of a M.E. arms race.
3. Another possibility: We've discussed the oil brokers and speculators that make money and drive up prices without actually contributing anything. The actual oil producers aren't happy having these parasites profiting off their business either.
I wonder if the Saudis' actions aren't really aimed at driving them out of business. The speculators' model, buy low sell high, doesn't work at all during periods of falling prices. And we've seen a sustained period of falling prices. So, their practice of buying oil at today's prices and hoping to sell later at a profit would have resulted in some serious losses. The speculators only play now is to sell short and buy later at a lower price to cover. I suspect that the Saudis can spot this if it happens and will switch tactics - drive the prices up - and give them a double whack.
Fern
would never have guessed gas would be the price it is today. Wow. I would not expect it to stay down for long. Saudi King died so maybe this will be the up trend.
Only in this thread.when I die gas prices will rise $5 a gallon
Wow, guy dies and prices jumped 50 cents here today.
Stations went from $1.79 to $2.29
I'm sure I got this guy beat, when I die gas prices will rise $5 a gallon
1-22-2015
http://www.bloomberg.com/news/2015-...reports-king-abdullah-s-death.html?cmpid=yhoo
Oil Jumps as Saudi Kings Death Stokes Concern Over OPEC Policy
Futures advanced as much as 3.1 percent in New York and 2.6 percent in London after the Saudi Press Agency announced the death, citing a statement from the royal court.
The passing of King Abdullah is going to increase uncertainty and increase volatility in oil prices in the near term, Neil Beveridge, a Hong Kong-based analyst at Sanford C. Bernstein & Co.
A key indicator will be whether Salman, 79, retains the oil minister, Ali al-Naimi, who has driven decision-making since 1995.
The kings death also raises the question of whether instability across the Middle East will intensify, according to Flynn. King Abdullah had done a good job trying to subdue insurgents in the country, and Saudi Arabia may face increasing pressure from them now that hes gone, he said.
Indy Gas Price show many stations still in the $1.76/gal to $1.81/gal range. Of course you would be lazy to go to one of the stations with cheaper gas, you would McOwn yourself and pay $2.29/gal instead.Wow, guy dies and prices jumped 50 cents here today.
Stations went from $1.79 to $2.29
I'm sure I got this guy beat, when I die gas prices will rise $5 a gallon
http://www.indygasprices.com/
And there is only one at that price - convenience store to boot.:\Circle K
8703 Colonel HW Cook Memorial Way & W Perimeter Rd
Indianapolis - West
lolI think a look at dmcowen674's statements all together are quite revealing. These are all in this thread, with the date for reference:
1-01 35 cent jump, cents more than the usual 30 cents.
1-05 The stations here in Indianapolis went from $1.75 to $2.15 today.
1-06 Here is an article about the huge 40 cent jump here in the Midwest that the liars in here said did not happen.
1-07 Up another 10 cents today, now $2.25. That's 50 cents in last 2 days. Guess they had to beat the 47 cent jump in Kentucky.
1-14 I'm sure gas here will rocket up 30 or 40 cents tonight or more.
1-22 Stations went from $1.79 to $2.29
Apparently it just slipped his mind to mention gas prices going down, if we even were to assume each statement of his refers to the same station.
I think a look at dmcowen674's statements all together are quite revealing. These are all in this thread, with the date for reference:
1-01 35 cent jump, cents more than the usual 30 cents.
1-05 The stations here in Indianapolis went from $1.75 to $2.15 today.
1-06 Here is an article about the huge 40 cent jump here in the Midwest that the liars in here said did not happen.
1-07 Up another 10 cents today, now $2.25. That's 50 cents in last 2 days. Guess they had to beat the 47 cent jump in Kentucky.
1-14 I'm sure gas here will rocket up 30 or 40 cents tonight or more.
1-22 Stations went from $1.79 to $2.29
Apparently it just slipped his mind to mention gas prices going down, if we even were to assume each statement of his refers to the same station.
Indianapolis USA Trend Today 2.100 2.040Yesterday 1.918 2.036 One Week Ago 2.013 2.077 One Month Ago 2.070 2.365 One Year Ago 3.195 3.285
All of these stations went to $2.19 or higher
Went grocery shopping on NW side today and no stations under $2.19
The liars, losers and cowards are at it again.
My standing offer of giving any one of them $100 on the spot to show me a station (not counting discount shit like Kroger card or Costco etc) under $2 is in effect yet again.
Of course the pussies will not show.
I think a look at dmcowen674's statements all together are quite revealing. These are all in this thread, with the date for reference:
1-01 35 cent jump, cents more than the usual 30 cents.
1-05 The stations here in Indianapolis went from $1.75 to $2.15 today.
1-06 Here is an article about the huge 40 cent jump here in the Midwest that the liars in here said did not happen.
1-07 Up another 10 cents today, now $2.25. That's 50 cents in last 2 days. Guess they had to beat the 47 cent jump in Kentucky.
1-14 I'm sure gas here will rocket up 30 or 40 cents tonight or more.
1-22 Stations went from $1.79 to $2.29
Apparently it just slipped his mind to mention gas prices going down, if we even were to assume each statement of his refers to the same station.
Stations went from $1.79 to $2.29
dmcowen674 said:All of these stations went to $2.19 or higher. Went grocery shopping on NW side today and no stations under $2.19
dmcowen674 said:My standing offer of giving any one of them $100 on the spot to show me a station (not counting discount shit like Kroger card or Costco etc) under $2 is in effect yet again.
Is proven wrong. Only one station on the entire Indianapolis gas map at $2.29 and it's at the airport and it's STILL the only one.
Moves goalposts from $2.29 to $2.19.
Gets proven wrong again.
Moves goalposts again. $2.29 went to $2.19 now goes to under $2.
Is shown many stations that are under $2.00.
Can't wait to see where the goalposts move to now. Entertainment.
Same applies to you.
Come on down and show me a station here in NW Indy under $2 and $100 is yours.
Come on down and show me a station here in NW Indy under $2 and $100 is yours.
I don't see you or any of the other cowardly liars and losers here.
I don't see you or any of the other cowardly liars and losers here.
Same applies to you.
Come on down and show me a station here in NW Indy under $2 and $100 is yours.