Gas

[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.

[mhall]

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.

Hey on the ''Perception is not reality'' thread DH and I had a little fun at your expense obviously you haven't seen it yet....

[GeoFisher]

According to this article, US companies can sustain 40 dollar/barrel prices for at least 6 months. AT 40 a barrel, all those ARAB countries are losing about 2/3 of their revenue. Maybe they will start drinking the ****........

http://www.theblaze.com/stories/2015...y-can-take-it/


I actually LOVE IT......

Later,

Geo

[DJD]

We have a fishing trip to Florida scheduled in early March. I hope these prices at the pump stay or get lower!!

[GeoFisher]

We have a fishing trip to Florida scheduled in early March. I hope these prices at the pump stay or get lower!!

24 month Oil Futures have dropped about 10 dollars from when I first posted this to the thread.

Futures don't always tell the story, but it is a good indicator. These are probably within 10-20% of the real price, because if they were not, people would be losing a CRAP TON of money on those contracts.

http://www.barchart.com/commodityfut...WTI_Futures/CL

[waterdog101]

this is like old times, I have a f-150 ford with the triton V8 and it only gets 16 mpg, don't use it much other than towing my boat, so I bought a Toyota Prius Hybrid to run around in. great little car, rides and drives good, and if I keep it 70 or under it gets 49 mpg, get this with the under 2 bucks a gallon gas. I have a cousin that lives on Okeechobee lake, so I was off work a couple weeks at Christmas and took off to Okeechobee in my hybrid, round trip was 1,858 miles, ran 75 and 80 most of the way, topped the tank off at each fill up and it took 41 gallons for the round trip to Okeechobee fl for around 90 bucks. that was getting 46 mpg, I don't know where to thank Toyota or Obama or Both.