...but the Saudis control the price, end of story, it's really out of the supply/demand concept, because we are so dependent on it.

 

Really? http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html

 

I expect one of the first achievements of the the new Congress and Senate will be to move forward with legislation

authorizing completion of the Keystone pipeline. Energy independence is within our grasp.

 

 

 

Really? http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html

 

I expect one of the first achievements of the the new Congress and Senate will be to move forward with legislation

authorizing completion of the Keystone pipeline. Energy independence is within our grasp.

 

 

 

 

I don't think that is an end all problem solver, this country would still be dependent on oil. I'd rather see someone take a stance on using something else (Hydrogen or NG). Granted, I don't have the answers. However looking back, this run on cheaper fuel is going to cost us in the long run.

Two people look at the same plant. One sees roses, the other sees thorns.

That's just the way it is.

 

Hootie

Two people look at the same plant. One sees roses, the other sees thorns.

That's just the way it is.

Hootie

Hootie my wife sees a symbol of love and respect. I see a waste of money. On topic more or less, even economists can't agree whether the net cost of lower energy prices is a positive or not. Since we have little control over it, I guess we'll just enjoy the ride.

I guess I'm not seeing why domestic oil companies losing profits translates to a collapse of our stock prices. I feel bad for those that depend on that industry to put food on the table, but it's really just a small segment. What am I missing?

It's been a couple of good days for sure and I hope the trend continues.  With the daily wild swings we have been having, flashing an intraday index doesn't really mean much until 4:00 PM.  Quite true the US is pumping a lot of oil, many out there feel the quality isn't the best, we may be looking at costs to clean up the environment in the future.  The cheaper oil gets just may force companies out of business due to a lack of profitability, lost jobs.  Regardless of who controls the commodity price once supply is cut the price will rise.

 

The US would probably benefit more using the 42000 workers it takes to complete the Keystone pipeline to rebuild our infrastructure, than transporting Canadian oil, which would take a lot more time than just 2 years.  

 

Is the glass half full or empty, that depends on whether you're adding to it or drinking from it.

Really? http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html

 

I expect one of the first achievements of the the new Congress and Senate will be to move forward with legislation

authorizing completion of the Keystone pipeline. Energy independence is within our grasp.

 

 

 

 

Oh Boy - Energy Independence! ! !

 

 

     

 

 

No more depending on foreign countries for our black gold! ! !

 

 

  :respect-059:    

 

 

 

 

 

 

 

 

 

 

 

So when did Canada become part of the USA?

Yep, pipeline from Canada to the gulf and on to the world market... Sure helps Canada oil & gas company's . Still don't get why we can't get busy quick with building new bridges, new roads, better electrical grids, etc...

Really? http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html

 

I expect one of the first achievements of the the new Congress and Senate will be to move forward with legislation

authorizing completion of the Keystone pipeline. Energy independence is within our grasp.

 

Not unless they have enough votes to over ride a presidential veto, that would be 2/3 of the house and senate, 290 & 67.  Doesn't look likely. 

Other than Canadian companies the largest  lease owner of oil sands in Canada is not Exxon or Chevron, it's the Koch brothers.  I can see why some of the new congress maybe in favor.

Lol^^^

WTI $55.41

 

http://www.thefishingwire.com/story/281402

 

http://www.bloombergview.com/articles/2014-12-21/ready-for-20-oil

 

 

 

 

It is officially $1.89 a gallon in central Indy! It's a Christmas miracle.

$2.15 in Memphis this morning at a BP ... and slowly dropping.

2.09 on Indiana side of Louisville...

2.97 at Mobil in Albion,NY across the street at kwikfill it's 2.91 ........... Getting there slowly lol. Hope it keeps dropping with coyote running coming on full swing and the nys coyote contest a month away we put tons of miles on chasing them dogs.

$1.99 by my house, never thought I'd see that again in my lifetime. 

$1.98 at COSTO in Richmond, VA yesterday.

 

WRVA radio news said the prices may continue to fall into the new year.

 

I hope it puts a big hurt on Russia but am concerned it will affect the stock market and everyone's retirement accounts.

 

Now to screw over North Korea.

 

Merry Christmas to All!

What to expect in 2015

http://www.bloomberg.com/news/2014-12-23/what-s-next-for-world-oil-as-lower-prices-extend-into-15.html

 

Lowest price in the Memphis area is $1.87

http://www.memphisgasprices.com/

 

 

 

 

1.99 today in New Albany, Ind.... Hard to believe!

1.79 no lead and 2.83 diesel here.  Should be going lower and stay that way a while!

So who are the winners and losers in this fuel price free fall outside of the oil and oilfield related companys?  Solar is for sure going to take a hit as will wind energy.  I'd expect Ford, Dodge, and Chevy to do pretty well considering that trucks and SUV sales should benefit.  Transportation should do well on lower costs.  Who else?      

So who are the winners and losers in this fuel price free fall outside of the oil and oilfield related companys?  Solar is for sure going to take a hit as will wind energy.  I'd expect Ford, Dodge, and Chevy to do pretty well considering that trucks and SUV sales should benefit.  Transportation should do well on lower costs.  Who else?      

 

Every American that drives a car.

 

The lowest price here is $1.79, the average is around $1.85.

 

 

 

I hear ya RW. I should save enough each month to buy another tank of diesel and sandwiches to go fishing.  Maybe even a little gas for the boat.

Payed 2.98 yesterday...when is upstate NY going to join the -$2.00 fun?

$1.89 now, here in Cincy.

 

Hootie