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We appreciate your help
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10-14-2014, 11:30 AM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Gasoline.
Paid $2.96 a gallon Sunday. A quick look show none below $2.91 hereabouts - yet.
Pete
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“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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10-14-2014, 11:35 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,209
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I paid $3.63 per gallon (8 cents+ for using CC) but prices here like Chicago tends to be one of the nation's highest. Watch out, Hummers may make a comeback.
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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10-14-2014, 02:02 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Saw $2.90 yesterday. Recent demand below expectations. Production cuts will soon drive prices up.
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"We have met the enemy and he is us."
Last edited by nailer; 10-14-2014 at 04:20 PM.
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10-14-2014, 02:24 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Heard on the commie NPR today that OPEC says no way, they will not cut production.
They also said fracking in the US is largely behind world oversupply.
What do I know :shrug: I hope it hits a buck.
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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10-14-2014, 02:42 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,228
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Strike while the iron is hot and bump the fuel tax rate by bringing it inline with inflation.
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10-14-2014, 03:07 PM
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Senior Member
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Join Date: Oct 2011
Location: San Diego via Vermilion Ohio and Points Between
Posts: 11,538
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Quote:
Originally Posted by nailer
Saw $2.90 yesterday. Recent demand below expectations. Production cuts will soon drive prices up
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No
this is the new economy with shale oil and fracking.
Saudi Arabia is planning to cut prices as a matter of fact.
Think about it...ISIS destabilizing the Middle East and prices are still dropping.
That would not have happened even 5 years ago.
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Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
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10-14-2014, 03:10 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Quote:
Originally Posted by bobabode
Strike while the iron is hot and bump the fuel tax rate by bringing it inline with inflation.
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I absolutely agree.
We should jack up the gas tax to where it is in western Europe.
That's what I would do if I were dictator.
Jack, jack, jack, jack, jack, jack, jack.
Our gas tax goes nowhere near paying for the negative impacts of the American love affair with Land Yachts.
I'd make these big ass 4X4 pickem up truck and SUV drivers feel some serious pain.
The same goes for Truckers.
It's about time they started paying their own way.
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"The enemy of my enemy is my friend."
Last edited by Tom Joad; 10-14-2014 at 03:17 PM.
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10-14-2014, 03:24 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Sales tax is regressive, it affects the poor the worst.
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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10-14-2014, 03:35 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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This should also be an lesson to lefties about what the actual drivers are of oil prices. Has nothing to do with who is in the White House or which president has friends at "big oil." It always has been, and always will be, about supply and demand. Period. End of story.
http://www.cnbc.com/id/102084062
The abrupt acceleration of an over 26 percent slide in prices since June was triggered by three news items that epitomized the market's turn: a downgrade in global oil consumption forecasts; projections for another big boost in shale oil; and reluctance by OPEC members to cut output.
Oil is struggling to find a floor after Saudi Arabia made clear that it was focused on maintaining market share, not supporting prices with unilateral production cuts.
Other members appear to be taking a similar tack. A source familiar with oil policy in Iran, normally one of the first in OPEC to call for production cuts, followed Kuwait in saying there was no need to rein in supplies.
"I think it's just continued the rationalization that all signs continue to suggest that OPEC is not going to do much," said Dominick Chirichella, senior partner at the Energy Management Institute, New York.
...and its that part that I bolded above as one significant reason why OPEC doesn't want to cut production and the Saudis are saying they want to "maintain market share."
Quote:
Originally Posted by Tom Joad
That's what I would do if I were dictator.
Frack, frack, frack, frack, frack, frack, frack.
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Fixed it for you...
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10-14-2014, 06:13 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by whell
This should also be an lesson to lefties about what the actual drivers are of oil prices. Has nothing to do with who is in the White House or which president has friends at "big oil." It always has been, and always will be, about supply and demand. Period. End of story.
http://www.cnbc.com/id/102084062
The abrupt acceleration of an over 26 percent slide in prices since June was triggered by three news items that epitomized the market's turn: a downgrade in global oil consumption forecasts; projections for another big boost in shale oil; and reluctance by OPEC members to cut output.
Oil is struggling to find a floor after Saudi Arabia made clear that it was focused on maintaining market share, not supporting prices with unilateral production cuts.
Other members appear to be taking a similar tack. A source familiar with oil policy in Iran, normally one of the first in OPEC to call for production cuts, followed Kuwait in saying there was no need to rein in supplies.
"I think it's just continued the rationalization that all signs continue to suggest that OPEC is not going to do much," said Dominick Chirichella, senior partner at the Energy Management Institute, New York.
...and its that part that I bolded above as one significant reason why OPEC doesn't want to cut production and the Saudis are saying they want to "maintain market share."
Fixed it for you...
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Are you ignoring the significant work that has been done on the demand side of the equation?
http://www.nytimes.com/2012/08/29/bu...ards.html?_r=0
http://www.caranddriver.com/features...cafe-standards
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Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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