Gas

[mhall]

The barrel of Oil went below 49 dollars and the Ky state tax just went down 4 cents but some how yesterday in this town gas went up 30 to 40 cents.

Now someone explain to me how that is not just obvious price gouging and if it isn't what prompted this hike. What a joke.....

[Devils Horse]

$1.99 here in Bowling Green.

I'm sure the sudden rise there will be blamed in the weather or some other factor, but no one will ever make me believe gas prices are not artificially controlled. No way every gas station in town, independent or chain, changes their prices to the exact same amount at the same time unless there is some kind of collusion is going on.

Now any government entity who is taxing gas as a percentage of it's cost instead of just a flat per gallon amount is going to jack up their tax rates. When gas goes back up, and I promise you it will, it'll be even more painful for many of the people paying for it.

[mhall]

I totally agree Jim...

[kygorski]

Manmy of the "chain gas stations" are controlled or owned by a small organinized group.Houchens industries. They are the tail that wags the dog. It's thought the Saudi's are trying to end the fracking processs by lowering the price of crude, to where fracking isn't profitable anymore. Its also going to hurt the alternative energy industry. You younger guys are going to have many problems in your life times, and energy will always be one of them.

[DJD]

Manmy of the "chain gas stations" are controlled or owned by a small organinized group.Houchens industries. They are the tail that wags the dog. It's thought the Saudi's are trying to end the fracking processs by lowering the price of crude, to where fracking isn't profitable anymore. Its also going to hurt the alternative energy industry. You younger guys are going to have many problems in your life times, and energy will always be one of them.

Years ago when I read how Russia was buying all energy resources/companies that they could and Germany was doing the same with resources I started thinking how smart that is.

If a few a countries can control energy who then controls the world? WW2 had issues like this with Japan not liking the sanctions by the US on their Oil imports and looked what happened. When countries try and buy, bully or strategically attain such important resources with the sole ambition of controlling others a war is inevitable.

The rich oil countries have been doing this for years and many wars have been or are being fought because of it since Billions and billions of dollars are at stake with oil and terrorists have benefited from this. Its always about the money trail...follow that and the corruption, control and fighting become clear.

[DJD]

The barrel of Oil went below 49 dollars and the Ky state tax just went down 4 cents but some how yesterday in this town gas went up 30 to 40 cents.

Now someone explain to me how that is not just obvious price gouging and if it isn't what prompted this hike. What a joke.....

I hear ya man. I am enjoying the cheaper prices but watching the yoyo prices gets old.

[GeoFisher]

Hedge Funds are heavily invested in Oil...........HEDGING is what they do. From what I understand, and what I've been reading, Oil may never recover from this drop, and NEVER is a long long time

24 month futures are saying it will be 60 bucks a barrel that is freakin awesome, if you ask me.

boys and Girls, you better look at your 401k's and seriously evaluate each and every fund that is heavy in energy, and make a move........

Later,

Geo

[kygorski]

Saudi Arabia has three things. Oil, sand and money. Only one of them will ever be in short supply to them. If they can slow down alternative energy research they will remain on top of the game. Coal used to be king, and its uses are being improved on by natural gas,right now oil is king, when the pipeline fiasco came up, the oil companys started using the rail system. Our rail system is amost a joke. The few company's in business, don't like to lay out money for up grades. There is little passenger service left. Our highway system is in trouble, no money the states claim. Our e;ectrical grid system is at the verge of collapse. And we spend billions of dollars showing the worldthe american way is best. How? foolish military spending, and nation building. somewhere else

[apb]

I certainly appreciate the lower gas prices. More $ for fishing stuff :-) my concern is that our "friends" in Saudi Arabia are keeping prices low until they can cause US alternative energy companies to go out of business, then jack the prices. Bout time for the US to take all the $ we send to Saudi Arabia and use it to subsidize our own alternative energy sources to keep them viable.

[mhall]

I certainly appreciate the lower gas prices. More $ for fishing stuff :-) my concern is that our "friends" in Saudi Arabia are keeping prices low until they can cause US alternative energy companies to go out of business, then jack the prices. Bout time for the US to take all the $ we send to Saudi Arabia and use it to subsidize our own alternative energy sources to keep them viable.

Absolutely and quit being such a stranger.....

[GeoFisher]

I certainly appreciate the lower gas prices. More $ for fishing stuff :-) my concern is that our "friends" in Saudi Arabia are keeping prices low until they can cause US alternative energy companies to go out of business, then jack the prices. Bout time for the US to take all the $ we send to Saudi Arabia and use it to subsidize our own alternative energy sources to keep them viable.

Hundreds of BILLIONS of subsidies with TARP isn't enough??

http://www.breitbart.com/big-governm...ing-companies/

Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

[apb]

Hundreds of BILLIONS of subsidies with TARP isn't enough??

http://www.breitbart.com/big-governm...ing-companies/

Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

So, use the money that we send the Saudis to pay for all of those.

Mark, I'm around. Just haven't had much to add to the conversations.