Our local pump prices have been dropping to lows unseen in, what?, ten years?? Why?

reply to post by redfox2577


So what's happened to all those big Aussie v8s?

reply to post by redfox2577


Yet you have plenty of oil...socialism, brother, all for the "greater good'....cough, cough.

Here in Portugal the US Gallon (our measurement is Liter, I converted) is at an 8$ average in todays currency.

Big oil is quashing down oil price to squeeze out higher cost production outfits. It will get its money back.

Traditional oil illuminate run Enviro NGOS to quash coal & fracking outfits even though they use different safer techniques across the world. CSG & COAL products all undermine traditional oil operation barrel prices $$$. The world is awash with fossil fuel, more attainable as price goes up.

Operations like Sea Shepherd run around creating red herrings for media to take the public's 'minds eye' off the catastrophic environmental damage ocean oil sea spills have, and continue to have on our oceans phytoplankton right through the food chain. Sharks, whales, etc.

See if you can find a break down in transparency of donations to the PEW oil trust and the entities involved in starting up WWF ? See if you can see transparency the PEW invested in via shares prior about 2000.

Oil minions under the guise of 'environmentalist'. In many places especially outside the USA, media are dead quiet about oil spills.

Do some research for yourself. Can you find the source of the $$$$

Where did all their money come from?

Well its been hesitant here in Florida @ 1.99 for a good couple of weeks now. But has been steady in the 2.02 -2.14 range for this entire half of the year. I am just upset this has not translated into cheaper food prices, as that was the entire excuse over the last decade as the primary factor of inflation in food prices for livestock and agriculture. Milk and gas were practically synonymous in price since nearly Katrina, and yet today gas is almost half??

What gives food industry? WTF is your problem man??

Has anyone explained why gas is so cheap and the geopolitical situation that is fueling it? This is ATS where people are supposed to be informed but then I guess many just live in the UFO and Religion forums and know jack about current affairs.

Tired of constant increasing oil prises

originally posted by: nwtrucker
Living in the N.W. of Washington St. right on the Canadian border for around seven years.

The local regular price has dropped to 3.21 per gallon with prices farther south, away from the border where the Canadians drive up local prices, hit 2.99 per gallon today.

This is in a state with no income tax which has higher state gas taxes than most.

Rather than making me happy, it's got me a wee bit concerned.

Unless the fracking supplies have caused a surge in supplies, the only other explanation is a continued lessened demand world-wide, especially China and India which operated on the futures market having little or no supplies of their own.

Are other regions/countries seeing similar drops?

Am I missing other explanations or factors?

.
Could it be that the writing is on the wall, as far as oil goes,? the big car manufacturers are all developing electric cars, and motorcycles. If oil is cheap it will delay popular acceptance, if its dear, it will hasten the alternatives. The last time I looked motorcycles were on par with, a full tank of gas compared to the e version. The acceptance of electric vehicles will change things big time! All the M.E oil producing countries will be bankrupt over night. Global economics will suffer in a big way. Their will be great turmoil, during the changeover. Whether carbon is the cause of climate change or not the paradigm is, that it is, so government political agendas to rid dependence on me oil will probably have full government backing.

originally posted by: Logman
Has anyone explained why gas is so cheap and the geopolitical situation that is fueling it? This is ATS where people are supposed to be informed but then I guess many just live in the UFO and Religion forums and know jack about current affairs.

So much oil was coming out of fracking OPEC figured flooding the market with oil would drive prices down where the more expensive practice of fracking would shut down. However, other things then happened to make it even cheaper. The Chinese economy slowed down reducing demand in one of oils biggest markets. Then Libya also has calmed down and with peace oil production is growing faster than expected. ISIS defeats and retreats has lead to faster than predicted increases in oil production in Iraq And last the Iran deal means Iran's oil is going flooding the market as well. OPEC had a deal with Russia to reduce production but, Russian then ignored it so now OPEC is pumping like crazy as well before Iran can really even get in the game.

The good news is, gas prices should stay low for sometime.

a reply to: MrSpad

Just dropped to under a £1 per litre in some places today as mentioned on the BBC/ITV at some supermarkets.

Not sure whether this is the end of the power of oil yet but hopefully it's the beginning of the end and we can use more efficient and environmentally friendly power from now on. (Whatever that turns out to be - hydro, wind, solar.....)

a reply to: nwtrucker

UK seeing it plumet.

I am wondering if Lockheed really ahve cracked the Fussion power generator and the TPTB are selling off the oil as fast as they can before oil is only used for plastics and Pharmseuticals?

originally posted by: AmericanRealist
Well its been hesitant here in Florida @ 1.99 for a good couple of weeks now. But has been steady in the 2.02 -2.14 range for this entire half of the year. I am just upset this has not translated into cheaper food prices, as that was the entire excuse over the last decade as the primary factor of inflation in food prices for livestock and agriculture. Milk and gas were practically synonymous in price since nearly Katrina, and yet today gas is almost half??

What gives food industry? WTF is your problem man??

Milk prices have been going down atleast around michigan. Paid 1.70 a gallon couple days ago compared to an average of 3 bucks normally. Granted most of the milk supplied here is locally produced.

originally posted by: MrSpad

originally posted by: Logman
Has anyone explained why gas is so cheap and the geopolitical situation that is fueling it? This is ATS where people are supposed to be informed but then I guess many just live in the UFO and Religion forums and know jack about current affairs.

So much oil was coming out of fracking OPEC figured flooding the market with oil would drive prices down where the more expensive practice of fracking would shut down. However, other things then happened to make it even cheaper. The Chinese economy slowed down reducing demand in one of oils biggest markets. Then Libya also has calmed down and with peace oil production is growing faster than expected. ISIS defeats and retreats has lead to faster than predicted increases in oil production in Iraq And last the Iran deal means Iran's oil is going flooding the market as well. OPEC had a deal with Russia to reduce production but, Russian then ignored it so now OPEC is pumping like crazy as well before Iran can really even get in the game.

The good news is, gas prices should stay low for sometime.

Add in the fact that all these conflicts have pulled in most of the OPEC countries, which are sitting on opposite sides of the fence, the more prominent countries are using this to hinder dissenting members as well.

originally posted by: crazyewok
a reply to: nwtrucker

UK seeing it plumet.

I am wondering if Lockheed really ahve cracked the Fussion power generator and the TPTB are selling off the oil as fast as they can before oil is only used for plastics and Pharmseuticals?

I sure hope that's the reason behind this!

The only other reasonable alternative is the world economy is crapping out.

I have a friend that runs an investment fund. He keeps a close tab on the trucking situation, volume, type of materials moving or slowing down and....fuel prices as a barometer of the economy where the rubber meets the road, literally and figuratively.

He sees it as a way of potentially by-passing the con job of traditional media.

In Washington State , we're approaching below 2 buck a gallon...and that's with a high state fuel tax!

Not to troll the thread, or yes, actually...I am trolling the thread. "Thanks Obama!"

I mean just yesterday, I read two separate threads containing at least half a dozen posts listing all of Obama's failures and it included Oil/Gas prices and transportation costs, failure of green energy/renewable energy etc.

You can't blame Obama for something and then not thank him when the exact same things swings good.

Maybe some of his policies aren't so bad. When you only listen to one-sided news sources, you get one sided/misguided views of reality.

originally posted by: amazing
Not to troll the thread, or yes, actually...I am trolling the thread. "Thanks Obama!"

I mean just yesterday, I read two separate threads containing at least half a dozen posts listing all of Obama's failures and it included Oil/Gas prices and transportation costs, failure of green energy/renewable energy etc.

You can't blame Obama for something and then not thank him when the exact same things swings good.

Maybe some of his policies aren't so bad. When you only listen to one-sided news sources, you get one sided/misguided views of reality.

I can't see the connection between Obama and the current oil prices. Obviously, he's against traditional energy supplies and has worked to make things as difficult as possible of oil, coal and the like.

This is simple supply and demand, at least to some extent, and no one, including a President can overpower that mechanism.....

originally posted by: nwtrucker

originally posted by: amazing
Not to troll the thread, or yes, actually...I am trolling the thread. "Thanks Obama!"

I mean just yesterday, I read two separate threads containing at least half a dozen posts listing all of Obama's failures and it included Oil/Gas prices and transportation costs, failure of green energy/renewable energy etc.

You can't blame Obama for something and then not thank him when the exact same things swings good.

Maybe some of his policies aren't so bad. When you only listen to one-sided news sources, you get one sided/misguided views of reality.

I can't see the connection between Obama and the current oil prices. Obviously, he's against traditional energy supplies and has worked to make things as difficult as possible of oil, coal and the like.

This is simple supply and demand, at least to some extent, and no one, including a President can overpower that mechanism.....

I think you are right to an extent, but that also means that people can't blame him for higher gas prices either.

originally posted by: amazing

originally posted by: nwtrucker

originally posted by: amazing
Not to troll the thread, or yes, actually...I am trolling the thread. "Thanks Obama!"

I mean just yesterday, I read two separate threads containing at least half a dozen posts listing all of Obama's failures and it included Oil/Gas prices and transportation costs, failure of green energy/renewable energy etc.

You can't blame Obama for something and then not thank him when the exact same things swings good.

Maybe some of his policies aren't so bad. When you only listen to one-sided news sources, you get one sided/misguided views of reality.

I can't see the connection between Obama and the current oil prices. Obviously, he's against traditional energy supplies and has worked to make things as difficult as possible of oil, coal and the like.

This is simple supply and demand, at least to some extent, and no one, including a President can overpower that mechanism.....

I think you are right to an extent, but that also means that people can't blame him for higher gas prices either.

Agreed! My view is there's more than enough to blame Obama for. No need to invent any.....

Was 2.37 last I checked, the oilfield here is suffering even though the community was told things are about to get real busy.

Maybe it's a dry spell?

All I know is nearly every person I know makes a living in the oilfield and word on the street is as I stated above.

I think we're running out? Good, bring on the windmills, solar panels, Luna ring......ect.

Welcome to the oil wars. Maybe oil at $35 a barrel has something to do with it, losing 10% in one week. We are also in the winter months with cheaper gas and more supply than summer months. Enjoy it now since Russia and a number of other countries can not live on less than $90 per barrel.

I want to invest 40,000 in a gas co-op. Where you are locked in at that price you put your money in until your funds are gone. That is about 20+ years of low prices, woot!