LOL. The progressives have been explaining this for years and you are always against them. But here you are now complaining what your policies have done.
I saw an estimate today that if the normal wealth distribution in the country pre-Reagan had held steady, rather than the top 20% getting all the new growth after inflation and the top 1% getting 75%-80% of it, that the average income in the US today would be three times higher than it is. Gee, I wonder why you are seeing yourself stagnant.
Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
The Al Saud family is our greatest friend. They open production at our request to stabilize prices. They veto a lot of OPEC raises. They lie about reserves to keep prices down. This is why we attack anyone who threatens them.
Essentially Saudi is a 51st state.
They get unlimited protection. Unlimited wealth.
Essentially Saudi is a 51st state.
They get unlimited protection. Unlimited wealth.
xj0hnx
Diamond Member
- Dec 18, 2007
- 9,262
- 3
- 76
The current national average is $2.972, here the average is $2.801, and the Texas average is $2.793.
it sure looks like stock footage from the past to me. If it was over 4 dollars you think they'd do a live shot or a shot with a reporter at a station that is 4 dollars even for premium.
Schadenfroh
Elite Member
- Mar 8, 2003
- 38,416
- 4
- 0
Awesome, I am glad I own RBOB forward and drive a V10 with 18 mpg highway as my daily. Anyone with $2,000 and a brain can hedge their fuel costs for the next 36 months.
The economic argument is a bit of a mixed back. Lots of economists picking up the argument that higher prices may actually increase productivity over the last 12 months.
Higher prices = more jobs in O & G, also means more jobs in alternative energy. Can't really lay off many more people in other spots but those companies still aren't hiring.
The economic argument is a bit of a mixed back. Lots of economists picking up the argument that higher prices may actually increase productivity over the last 12 months.
Higher prices = more jobs in O & G, also means more jobs in alternative energy. Can't really lay off many more people in other spots but those companies still aren't hiring.
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K1052
Elite Member
- Aug 21, 2003
- 52,542
- 46,109
- 136
Not the worst deal for us. The sooner we suck the ME dry of all it's black gold the better. We can then appropriately ignore the whole region and let those backwards fucks kill each other wholesale over the interpretation of a book. Sell lots and lots of arms to the reasonable countries (everything is relative though) like India, Israel, Egypt, and Turkey to contain the mess.
ericlp
Diamond Member
- Dec 24, 2000
- 6,137
- 225
- 106
Backward fucks huh? Like I'd like to know how you think were less backwards then they are.
MovingTarget
Diamond Member
- Jun 22, 2003
- 9,002
- 115
- 106
Until we clamp down on oil commodity speculation, what did we expect? Prices will bubble again, taking the economy down the shitter once more.
Deliver more oil and all the speculation will die, oh wait there isn't more oil to deliver.
Position limits and barring using general margin for multiple contracts is coming as well. Dodd-Frank is going to force that.
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K1052
Elite Member
- Aug 21, 2003
- 52,542
- 46,109
- 136
Socially, economically, or technologically? I'm not sure any of us have that kind of time.
Once the oil and gas dries up the ruling classes over there are going to flee their native countries like rats off a sinking ship. The whole region will spiral into a mass of warfare and genocide. Effectively the ME will become the next Africa.
Oh man you have it all wrong, I heard from lots of talking heads a couple of years ago Dubai and Abu Dhabi didn't even need oil. They were the tourist destination of Europe. Did something change in the last two years?
K1052
Elite Member
- Aug 21, 2003
- 52,542
- 46,109
- 136
There is but what are we willing to do in order to get at it?
Our national reserves should be held for manufacturing and chemical production instead of transportation fuel. The higher cost of oil will continue to push us away from this traditional use and in the end increase our competitiveness while eliminating our dependence on imported fuel. Even the car companies have figured out that times are changing and have spent billions to that end.
Agree 100%. The cost has to be higher to get a lot of oil on the planet. If the cost of oil gets too high another product will be developed or the economy will change.
In the meantime if speculation really is the culprit, deliver more oil.
Oil actually moved into backwardation last month, hard to make a case for net spec longs in a backwards market. Backwardation is a natural demand problem.
Also long live the American V8...everyone still has one of those right?
mmntech
Lifer
- Sep 20, 2007
- 17,501
- 12
- 0
I always laugh when Americans complain about gas prices. Average price USA wide is flirting with $3 per gallon. It's past $4 in Canada. Here in Ontario, we got slapped with an 8% increase in the price of gas back in July thanks to a new tax. My Civic is starting to feel like a gas guzzler. Maybe I should get an electric car. Oh wait, our hydro rates are expected to go up 40% in the next decade. Already jumped 8% thanks to the same tax. Bloody Liberals.
- Oct 30, 2004
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Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
Again? It never got to $5 like you chanted forever.
In Dave's fantasy land, if you search Dave created a thread about milk costing around $7 a gallon or somewhere around that. Of course, he was taking two half-gallon containers and adding them up to a gallon.
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Slew Foot
Lifer
- Sep 22, 2005
- 12,379
- 96
- 86
Some of you have PM me about the Energy Trusts I have, Its mostly MVO, a company that owns some land in Oklahoma, TX, KS, Colorado, and the midwest. Bought it at 20 a while back, currently sitting at 35 (huge run up last week) and has been paying out a dividend about $2-3 per share. The dividend pays out enough to pay off 15-20 years worth of gas for me
Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
One station and it was for Plus gas which was 40 cents higher than regular. Dave needs to stop lying.
Originally Posted by MovingTarget 
Until we clamp down on oil commodity speculation, what did we expect? Prices will bubble again, taking the economy down the shitter once more.
Who are you lying for?
Oil inventories are over 30 year highs. There is so much oil piled up all over the world there are ships just sitting for years now full of oil with no where to go because all the land tanks have been and still full to the top.
Refineries are running at a fraction of their capacity because Gas inventories have been overfull as well.
So again, who are you lying for?
Until we clamp down on oil commodity speculation, what did we expect? Prices will bubble again, taking the economy down the shitter once more.
Who are you lying for?
Oil inventories are over 30 year highs. There is so much oil piled up all over the world there are ships just sitting for years now full of oil with no where to go because all the land tanks have been and still full to the top.
Refineries are running at a fraction of their capacity because Gas inventories have been overfull as well.
So again, who are you lying for?
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