(12-04-2014 11:09 AM)JDTulane Wrote:  

(12-03-2014 09:57 PM)Crebman Wrote:  

(12-03-2014 09:48 PM)200yrs2late Wrote:  Didn't obama restrict oil shale land leases?

He's just trolling. He knows Obama played no part in the declining price of gas, that it is in spite of Obama's policies..........

lol but when gas is $4 it's ALL Obama's fault yah?

Yeah, that's what happens when you try to stop drilling for oil in order to go green. It didn't work, Putin happened, we started drilling everywhere again, and now prices have gone back down. Obama supported none of the drilling, why should he get the credit for lower prices?

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

(12-04-2014 11:09 AM)JDTulane Wrote:  

(12-03-2014 09:57 PM)Crebman Wrote:  

(12-03-2014 09:48 PM)200yrs2late Wrote:  Didn't obama restrict oil shale land leases?

He's just trolling. He knows Obama played no part in the declining price of gas, that it is in spite of Obama's policies..........

lol but when gas is $4 it's ALL Obama's fault yah?

Quote:That's what's so beautiful about leftists. They have nothing of substance to offer, so they inevitably end up trolling.

Every single one of them.

(12-04-2014 11:32 AM)EverRespect Wrote:  

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

It's bad for investors but that's it. My dad has been in the oilfield since the 70's and he's not hurting one bit from lower prices. I guess some people think that when the price of oil drops, people get downgraded in pay or laid off but they don't.

(12-04-2014 11:35 AM)DrTorch Wrote:  

(12-04-2014 11:09 AM)JDTulane Wrote:  

(12-03-2014 09:57 PM)Crebman Wrote:  

(12-03-2014 09:48 PM)200yrs2late Wrote:  Didn't obama restrict oil shale land leases?

He's just trolling. He knows Obama played no part in the declining price of gas, that it is in spite of Obama's policies..........

lol but when gas is $4 it's ALL Obama's fault yah?

Quote:That's what's so beautiful about leftists. They have nothing of substance to offer, so they inevitably end up trolling.

Every single one of them.

(12-04-2014 10:50 AM)TStatebobcat Wrote:  

(12-04-2014 10:04 AM)firmbizzle Wrote:  

(12-04-2014 07:24 AM)DrTorch Wrote:  

(12-03-2014 09:57 PM)Crebman Wrote:  

(12-03-2014 09:48 PM)200yrs2late Wrote:  Didn't obama restrict oil shale land leases?

He's just trolling. He knows Obama played no part in the declining price of gas, that it is in spite of Obama's policies..........

That's what's so beautiful about leftists. They have nothing of substance to offer, so they inevitably end up trolling.

Every single one of them.

Ironic coming from King Troll.

I remember paying $.67 in GA around 1997.

I honestly don't remember it ever being that cheap back in the nineties. Best I remember is paying .95 in Corpus Christi back in spring break of 1995. I do remember paying around $3 during dessert storm.

It was somewhere in south Ga. I couldn't believe it! Really the cheapest that I've seen it was $.09. Yes that is correct. Somebody misplaced the decimal point at a gas station near my college. Word got out fast!

(12-04-2014 10:50 AM)TStatebobcat Wrote:  

(12-04-2014 10:04 AM)firmbizzle Wrote:  

(12-04-2014 07:24 AM)DrTorch Wrote:  

(12-03-2014 09:57 PM)Crebman Wrote:  

(12-03-2014 09:48 PM)200yrs2late Wrote:  Didn't obama restrict oil shale land leases?

He's just trolling. He knows Obama played no part in the declining price of gas, that it is in spite of Obama's policies..........

That's what's so beautiful about leftists. They have nothing of substance to offer, so they inevitably end up trolling.

Every single one of them.

Ironic coming from King Troll.

I remember paying $.67 in GA around 1997.

I honestly don't remember it ever being that cheap back in the nineties. Best I remember is paying .95 in Corpus Christi back in spring break of 1995. I do remember paying around $3 during dessert storm.

In 1998 I was in Laurel, MD, and the cheapest gas stations got down below $0.90 cents. Can't remember if it was $0.86 or a touch higher. Anyway, places in GA were cheaper than MD.

My worry was that everyone was going to buy SUVs and not be prepared if prices surged.

(12-04-2014 11:36 AM)LSU04_08 Wrote:  

(12-04-2014 11:32 AM)EverRespect Wrote:  

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

It's bad for investors but that's it. My dad has been in the oilfield since the 70's and he's not hurting one bit from lower prices. I guess some people think that when the price of oil drops, people get downgraded in pay or laid off but they don't.

LOL "your dad" = the entire industry, apparently. The smaller, shale producers are getting squeezed and can't survive if oil goes much lower and/or for a sustained period of time.

Baker Hughes and Halliburton are merging. You think they are doing that for fun? The combined entity will still be smaller (market cap) and less profitable than Schlumberger, but with 18k more employees. With the goal being synergy, what do you think is more likely -- adding jobs or cutting them? That's rhetorical, by the way.

http://www.khou.com/story/news/local/201.../19192823/

http://247wallst.com/energy-business/201...lumberger/

http://money.cnn.com/2014/11/28/investin...-us-shale/

(12-04-2014 02:51 PM)Kronke Wrote:  

(12-04-2014 11:36 AM)LSU04_08 Wrote:  

(12-04-2014 11:32 AM)EverRespect Wrote:  

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

It's bad for investors but that's it. My dad has been in the oilfield since the 70's and he's not hurting one bit from lower prices. I guess some people think that when the price of oil drops, people get downgraded in pay or laid off but they don't.

LOL "your dad" = the entire industry, apparently. The smaller, shale producers are getting squeezed and can't survive if oil goes much lower and/or for a sustained period of time.

Baker Hughes and Halliburton are merging. You think they are doing that for fun? The combined entity will still be smaller (market cap) and less profitable than Schlumberger, but with 18k more employees. With the goal being synergy, what do you think is more likely? Adding jobs or cutting them? That's rhetorical, by the way.

http://www.khou.com/story/news/local/201.../19192823/

http://247wallst.com/energy-business/201...lumberger/

http://money.cnn.com/2014/11/28/investin...-us-shale/

The industry will be affected for sure, I don't deny that, but just about every other industry will also be affected... to the good. The shale industry will just have to find a way to produce more cheaply. That is capitalism.

(12-04-2014 02:51 PM)Kronke Wrote:  

(12-04-2014 11:36 AM)LSU04_08 Wrote:  

(12-04-2014 11:32 AM)EverRespect Wrote:  

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

It's bad for investors but that's it. My dad has been in the oilfield since the 70's and he's not hurting one bit from lower prices. I guess some people think that when the price of oil drops, people get downgraded in pay or laid off but they don't.

LOL "your dad" = the entire industry, apparently. The smaller, shale producers are getting squeezed and can't survive if oil goes much lower and/or for a sustained period of time.

Baker Hughes and Halliburton are merging. You think they are doing that for fun? The combined entity will still be smaller (market cap) and less profitable than Schlumberger, but with 18k more employees. With the goal being synergy, what do you think is more likely? Adding jobs or cutting them? That's rhetorical, by the way.

http://www.khou.com/story/news/local/201.../19192823/

http://247wallst.com/energy-business/201...lumberger/

http://money.cnn.com/2014/11/28/investin...-us-shale/

There will of course be trade offs when something like this happens. But, broadly speaking, lower energy costs or lower costs of anything so widely used and needed will typically help in the long run. Some people will indeed save a few dollars per month that would otherwise be going in the tank. Similarly they may feel less squeezed so they can buy that new dryer. Catch a movie with the kids. Buy a steak instead of ground beef, whatever.

It may also help with the creation of additional jobs as companies can expand due to higher demand or perhaps allow someone to create the new business they've always wanted to. Some people may be "hurt", primarily in the short run, but longer term lower energy prices are a net positive for damn near everyone else.

(12-04-2014 02:51 PM)Kronke Wrote:  

(12-04-2014 11:36 AM)LSU04_08 Wrote:  

(12-04-2014 11:32 AM)EverRespect Wrote:  

(12-03-2014 10:05 PM)Kronke Wrote:  $2 gas = billions in equity vanished and thousands of jobs gone.

You poors that actually cheer on the drop in oil as an excuse to "go shop" should instead think about becoming 1 less of the 75% of Americans with zero savings.

???

The Wall Street banks will be fine. Their bets on oil are hedged with other derivatives. They win either way. $2 gas will create a lot more jobs than it kills.

It's bad for investors but that's it. My dad has been in the oilfield since the 70's and he's not hurting one bit from lower prices. I guess some people think that when the price of oil drops, people get downgraded in pay or laid off but they don't.

LOL "your dad" = the entire industry, apparently. The smaller, shale producers are getting squeezed and can't survive if oil goes much lower and/or for a sustained period of time.

Baker Hughes and Halliburton are merging. You think they are doing that for fun? The combined entity will still be smaller (market cap) and less profitable than Schlumberger, but with 18k more employees. With the goal being synergy, what do you think is more likely? Adding jobs or cutting them? That's rhetorical, by the way.

http://www.khou.com/story/news/local/201.../19192823/

http://247wallst.com/energy-business/201...lumberger/

http://money.cnn.com/2014/11/28/investin...-us-shale/

Yeah, my dad is the Senior Sales & Accounts Manager for Baker Hughes. Hallibortion will merge in next June. He started in the Cement Dept in '76, moved up to Sales in '84, and got promoted to his current position shortly after Baker and BJ merged. I wasn't dogging you when I said "some people," I know from experience that lower gas prices don't effect employees with the lower to upper middle class wages and what it hits on the upper class, it's not enough to hurt them unless their up to their neck in debt.

Rumor has it, Halliburton will sell off the pressure pumping groups to other businesses.

Premium here is still close to $3. I burn a gallon of it every 17 miles.

(12-04-2014 03:14 PM)HeartOfDixie Wrote:  Premium here is still close to $3. I burn a gallon of it every 17 miles.

We're down to $2.35. I'm not sure what premium is though. I believe it's around $2.75 or $2.80... Back before Latrina, there was always 10 cents between grades.

(12-04-2014 03:14 PM)HeartOfDixie Wrote:  Premium here is still close to $3. I burn a gallon of it every 17 miles.

Yeah, they are still gouging premium here too. I stopped yesterday at a station advertising $2.59 for regular. Got to the pump and they were asking $3.49 for premium. Kept driving.

Those were the good old days LSU.

You notice this new bulkshit where they charge you another 3-5¢ if you use a card?

(12-04-2014 03:18 PM)EverRespect Wrote:  

(12-04-2014 03:14 PM)HeartOfDixie Wrote:  Premium here is still close to $3. I burn a gallon of it every 17 miles.

Yeah, they are still gouging premium here too. I stopped yesterday at a station advertising $2.59 for regular. Got to the pump and they were asking $3.49 for premium. Kept driving.

That's exactly what it is, gouging.

Same with charging for using a card.

(12-04-2014 03:19 PM)HeartOfDixie Wrote:  Those were the good old days LSU.

You notice this new bulkshit where they charge you another 3-5¢ if you use a card?

They never advertise the premium price here anymore. The 3 numbers on the signs used to represent regular, mid, and premium. Now it is regular cash, regular credit, and diesel. I never know what the price is going to be until I get to the pump. The cheapest regular station can also be the most expensive premium.

I move on down the road if they charge extra for using a card.

(12-04-2014 03:19 PM)HeartOfDixie Wrote:  Those were the good old days LSU.

You notice this new bulkshit where they charge you another 3-5¢ if you use a card?

I've noticed it at our small rural stores. One of them won't even take a credit card anymore. But those stores charge about $2.65 for regular which is outrageous compared to $2.35 in town. At Walmart, I can use my card and get it 5 more cents off per gallon.

(12-04-2014 03:17 PM)LSU04_08 Wrote:  

(12-04-2014 03:14 PM)HeartOfDixie Wrote:  Premium here is still close to $3. I burn a gallon of it every 17 miles.

We're down to $2.35. I'm not sure what premium is though. I believe it's around $2.75 or $2.80... Back before Latrina, there was always 10 cents between grades.

In the DC area it was 20-30 cents between grades. Blew my mind because in NC it was always 10.

I saw premium for over $5 once in DC (although it was at a gas station on the Rock Creek Parkway that was always a solid 40-50 cents higher than other stations in the area).