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> gas prices, take 2
scotty914
post Aug 29 2005, 02:39 PM
Post #1


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okay with the hurrican i have been watching a lot of fox news. according to opec they will pump more oil to help. here is the crazy part opec is going to hold a meeting next month to figure out why gas prices are as high as they are, they stated the opec pumps and sells the oil at 12 per barrel.

so who ever is buying the oil at 12 per barrel is marking it up to a current price of 67 a barrel, i wonder if this is along the lines of enron, artificially marking up the oil.

i have read a few things lately about oil wells, some thing like 70 % of the wells that were dry 10 to 20 years ago now have oil in them again, and but that they mean full flow pumping, not partial.

right now there is a 55 billion gallon oil surpluse ( just heard it ) in storage in this country.
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Posts in this topic
scott thacher   gas prices   Aug 29 2005, 02:39 PM
olav   I wonder if that is how the war is being financed?...   Aug 29 2005, 02:55 PM
!   Naw....no big secret....we're just getting dic...   Aug 29 2005, 03:03 PM
tdgray   Come on' guys... just good old greed, nothin e...   Aug 29 2005, 03:10 PM
lapuwali   There are "emergency reserves", which are held by ...   Aug 29 2005, 03:24 PM
SGB   Please don't rely on the media (fox, cnn, npr,...   Aug 29 2005, 03:41 PM
scott thacher   no the 55 billion gallons is privately held by the...   Aug 29 2005, 03:52 PM
914GT     Aug 29 2005, 04:03 PM
AndyC   Damn you guys have it sooooooo bad ...   Aug 29 2005, 04:07 PM
brer   so who's ready for life after the crash then? ...   Aug 29 2005, 04:12 PM
cooltimes   Isn't this likely just business as usual in th...   Aug 29 2005, 04:15 PM
brer     Aug 29 2005, 04:15 PM
double-a   it's a bit like diamonds really. you go into a...   Aug 29 2005, 04:39 PM
Howard   Just wondering... Did my early Sunday AM canyon to...   Aug 29 2005, 04:44 PM
!     Aug 29 2005, 04:56 PM
SLITS   I typed something but then deleted it....after all...   Aug 29 2005, 05:00 PM
xitspd     Aug 29 2005, 05:09 PM
MattR   i'd like to put out a public apology. My rece...   Aug 29 2005, 05:10 PM
Aaron Cox     Aug 29 2005, 05:15 PM
cooltimes     Aug 29 2005, 05:23 PM
dmenche914   Oil prices being high are due to the raise in dema...   Aug 29 2005, 07:46 PM
Mrs. K     Aug 29 2005, 07:57 PM
lapuwali   The main point of that graph was to show that, unt...   Aug 29 2005, 08:23 PM
redshift     Aug 29 2005, 08:27 PM
scott thacher   okay, i dont see some of the crap over seas as bei...   Aug 29 2005, 08:40 PM
redshift   Our biggest problem is refining. We have a daily ...   Aug 29 2005, 09:14 PM
JB 914     Aug 29 2005, 09:17 PM
Aaron Cox   <...   Aug 29 2005, 09:27 PM
JB 914     Aug 29 2005, 10:33 PM
Speedster07   I lived in the big D and sold oil for Sunset Energ...   Aug 29 2005, 10:38 PM
scott thacher   ...   Aug 29 2005, 10:44 PM
JB 914   ...   Aug 30 2005, 01:41 AM
Brent   ...   Aug 30 2005, 01:47 AM
redshift     Aug 30 2005, 09:55 AM
AndyC     Aug 30 2005, 10:10 AM
Sammy   We have a responsibility to verify that things we ...   Aug 30 2005, 10:16 AM
lapuwali   Well done, Sammy.   Aug 30 2005, 10:26 AM
Sammy   One last thing: $67 a barrel for crude oil i...   Aug 30 2005, 11:22 AM
Rockaria   I have a plan to bottom out the oil market and get...   Aug 30 2005, 11:39 AM
lapuwali   ...   Aug 30 2005, 11:51 AM
Sammy   That is in part why I am invested in independant o...   Aug 30 2005, 12:36 PM
brer  
  Aug 30 2005, 01:15 PM
markb     Aug 30 2005, 01:37 PM
Sammy   The last new oil refinery in the US was built in 1...   Aug 30 2005, 02:21 PM
brer   At what point does the cost of fuel make your 914 ...   Aug 30 2005, 02:32 PM
markb     Aug 30 2005, 02:49 PM
cooltimes   When nobody has any money left after buying a tank...   Aug 30 2005, 05:17 PM
Brent     Aug 30 2005, 05:33 PM
Brent     Aug 30 2005, 05:40 PM
Sammy   they went from just under 6% profit last year, to ...   Aug 30 2005, 06:21 PM
redshift     Aug 30 2005, 06:30 PM
redshift   Oil is not drying up for a while. The problem is ...   Aug 30 2005, 06:35 PM
markb   Hmmm, sounds like I need to invest in SammySeals...   Aug 30 2005, 07:09 PM
SGB   hmmm, Sounds like miles needs a little sleep (or i...   Aug 30 2005, 10:30 PM
grantsfo   Buy oil stocks and drive a car that gets 50 mpg. T...   Aug 30 2005, 10:36 PM
Sammy   Whooooo Hooooo! Valero VLO just broke $1...   Aug 31 2005, 08:39 AM
Brent   Good for you Sammy... its probably due to the mis-...   Aug 31 2005, 12:47 PM
redshift   Watch it Sammy! The tide is getting tricky. ...   Aug 31 2005, 07:58 PM
grantsfo     Aug 31 2005, 11:39 PM

 

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