What's with the low oil prices?

[Mr. H.]

If we can't export domestic crude, why are we exporting U.S. ethanol?

Oh yea, the ass-fucking farmer.

 

[Mr. H.]

How do you know? Are you a creeper?

How do I know? I've read his posts. He's a loser OWS shitter.

You know because! LOL you must be OWS shitter yourself

GENTLEMEN!

Compose yourselves...

 

[boilermaker55]

Why? He is just to easy. When someone like him starts his high and mighty attitude. They become stupidly frustrated.
This is the fun part.

How do you know? Are you a creeper?

How do I know? I've read his posts. He's a loser OWS shitter.

You know because! LOL you must be OWS shitter yourself

GENTLEMEN!

Compose yourselves...

 

[Politico]

OMG oil is no where near $50. The question as usual is why are moron Amurikans with short memory syndrome not bothered by the fact that gas is in the $2.50s and not in the $1.70s like it should be at $60 a barrel? And why do SUV sales always increase by double digits just because gas went down a little?

Price incentives.

No because they are idiots.

 

[Toro]

Supply

and

Demand

Monopoly.

Clown.

You have three companies that control 95%+ of the market with fixed prices. What would you call it?

What are you talking about?

90 million barrels of oil are produced every day. The largest producing company is Saudi Aramco, which produces 12 million barrels a day. The next two largest are Exxon and Shell, which each produce 4 million barrels. Those three have 22% of the market, not 95%. There are thousands of oil companies that make up the rest of the market. That's not an oligopoly.

Energy is a competitive market. All producers are price takers, with the exception of Saudi Arabia who has chosen to be the swing producer.

 

[Toro]

when oil was around $10-15 a barrel a short period during the Clinton administration, were the oil companies and the middle east still profitable?

The industry as a whole did not earn its cost of capital from the early 80s through the mid 90s. In the mid 90s, there was a wave of mergers to rectify this situation.

There are nearly 100 publicly traded E&P companies in America. Most of them would either go bankrupt or need to be sold if oil was at $40-$50 for a prolonged period of time. Many will not survive at $60-$70.

 

[CrusaderFrank]

Most likely, Saudi Arabia is trying to hurt Russia. Russia backs Syria and Iran, and also backs the invasion of the Ukraine.

Our Secretary of State visited Saudi Arabia earlier this year. This is probably being done at our behest.

Who produces more oil the USA or the Saudis?

Sent from smartphone using my wits and Taptalk

 

[BlindBoo]

Its because President Obama loves us and wants what's best so he's cutting oil prices to give us all a break at this blessed season.


No, actually declining worldwide demand (recessions as far as the eye can see) combined with enormous oil production out of the US have led to a glut of supply over demand.

U.S. oil reserves continue rising surpass 36 billion barrels for first time since 1975 - Today in Energy - U.S. Energy Information Administration EIA

 

[Toddsterpatriot]

Supply

and

Demand

Monopoly.

Clown.

You have three companies that control 95%+ of the market with fixed prices. What would you call it?

What are you talking about?

90 million barrels of oil are produced every day. The largest producing company is Saudi Aramco, which produces 12 million barrels a day. The next two largest are Exxon and Shell, which each produce 4 million barrels. Those three have 22% of the market, not 95%. There are thousands of oil companies that make up the rest of the market. That's not an oligopoly.

Energy is a competitive market. All producers are price takers, with the exception of Saudi Arabia who has chosen to be the swing producer.

He's an idiot. He also thinks Berkshire has a tax rate of 5%.

 

[The Rabbi]

Supply

and

Demand

Monopoly.

Clown.

You have three companies that control 95%+ of the market with fixed prices. What would you call it?

What are you talking about?

90 million barrels of oil are produced every day. The largest producing company is Saudi Aramco, which produces 12 million barrels a day. The next two largest are Exxon and Shell, which each produce 4 million barrels. Those three have 22% of the market, not 95%. There are thousands of oil companies that make up the rest of the market. That's not an oligopoly.

Energy is a competitive market. All producers are price takers, with the exception of Saudi Arabia who has chosen to be the swing producer.

Damn you had to go quoting facts to him. Dont bother him with the facts. He knows it all already.

 

[Uncensored2008]

You know because! LOL you must be OWS shitter yourself

I see.

You're not the sharpest marshmallow in the bag, sparky.

 

[boilermaker55]

Is that your best!
And one more time I have bitched slapped you.

You know because! LOL you must be OWS shitter yourself

I see.

You're not the sharpest marshmallow in the bag, sparky.

 

[Listening]

Once again I called it right. I liquidated some funds that would be a burden in the market and have them ready for investment in rental property here in the city and valley. I think we will be in a recession through most of next year.

O.K.

Now you sound more like Chris.

It's gets worse with each post.

You called it right ?

You haven't been right since you were born.

 

[JakeStarkey]

Listening shows she is as all about feelings and nothing about fact or logic.

You need to listen to some of the business channels and do some reading other than propaganda.

 

[Antares]

Listening shows she is as all about feelings and nothing about fact or logic.

You need to listen to some of the business channels and do some reading other than propaganda.

Projection.

When will you be here?

 

[JakeStarkey]

I sent you a notice last week, and you failed to show. Again.

 

[Listening]

Listening shows she is as all about feelings and nothing about fact or logic.

You need to listen to some of the business channels and do some reading other than propaganda.

Projection.

When will you be here?

I am sure he can produce the notice.

In addition to being the board moron, he is the board coward.

 

[Listening]

Listening shows she is as all about feelings and nothing about fact or logic.

You need to listen to some of the business channels and do some reading other than propaganda.

What facts and logic Fakey....

You are speculating....good luck.

 

[Antares]

I sent you a notice last week, and you failed to show. Again.

LOL, I give the Mods permission to show ANY and EVERY PM you've ever sent me right here in this forum.

Jake Jesus see's your lies here, you DO know that?

 

[Antares]

I'm here Jake....you'll be here when?