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Urban Cougar Trapper
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Discussion Starter #1
With OPEC Shieks vowing oil will never again hit $100 a barrel on US Soil and oil less than $50 and falling ...
All the majors are laying off , Schlumberger just announced it will cut 9000 by second quarter , Halliburton is following suit along with Baker and others ...going to get really nasty in the stockmarket soon and the ripple effect will take off and tank a lot of companies , I hope it will turn around but it doesn't look very promising... Oh yea Obangya... You DID build this one !
 

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Odumbo will tax the living crap out of fuel now in the name of climate change to make prices high again... Just watch!!!
 

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Urban Cougar Trapper
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976 Posts
Discussion Starter #3
Fuel prices can be $20 a gallon at the pump which means ZILCH ! They are going to add more taxes that's a no brainier , but if Crude Oil doesn't get back up to at least $70 there are going to be Many Layoffs and not just in the oil sectors !
 

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Red Blooded American
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15,853 Posts
It's O's people continuing the sabotage on the American economy.
He wants a third world country out of America before he leaves office so a Soros-Style one world government can commence.
 

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This has nothing to do with who's in office, and if it did, the house and senate are controlled by Republicans.

So, the answer to US problems would be higher oil prices?
For me, that means higher cost of gasoline. And how does that benefit me?
Higher oil prices means the oil investors make more money, and how does that benefit you or me, it doesn't unless you invest in oil.
It takes a certain amount of man hours to produce gasoline and oil products, and as long as there is a demand, those products will continue to be supplied.
There may be less drilling, but that is a small portion of the equation, and there is no shortage of petroleum products.

The reason Exon/Mobil has had record profits every year for years is the investors are getting rich, not for the benefit of the average person.
They are making money at the current prices or they would discontinue producing and they don't. The difference between the current prices and the inflated prices for the past years is money that went into the super-rich pockets.

So tell me how artificially inflated oil prices will help most of us?
You won't hear me crying.:wink2:
 

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There has to be enough money in oil for these guys to make a profit. I'm not talking about Exon and the other big companies but the little guys. Its the little guys that have finally gotten back in the business. They have financed them selves up to the moon buying drilling equipment, platforms, trucks, trailers, homes, and on and on. Now, when the oil prices drop like is is right now, it is these buys that are going to loose everything.

The banks are going to foreclose and these guys will be put out on the street. Along with these guys are all of the support people and company's that keep the oil field company's going. It just mushrooms out bigger and bigger and affects a huge amount of people. There is a lot more to it than just cheaper gas. OPEC is right in the middle of this saying that hey won't raise prices over a $100 a barrel again thinking that we will shut down and let t hem keep there market share. Big mistake. Now is the chance that we could put the squeeze of those fuckers for fucking us for all those years but no, our fearless leader O, will make sure that all his Muslim buddies will be just fine and they will be protected by the Muslim loving President friend.

Steve
 

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Living in a cage of fear
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16,462 Posts
There has to be enough money in oil for these guys to make a profit. I'm not talking about Exon and the other big companies but the little guys. Its the little guys that have finally gotten back in the business. They have financed them selves up to the moon buying drilling equipment, platforms, trucks, trailers, homes, and on and on. Now, when the oil prices drop like is is right now, it is these buys that are going to loose everything.

The banks are going to foreclose and these guys will be put out on the street. Along with these guys are all of the support people and company's that keep the oil field company's going. It just mushrooms out bigger and bigger and affects a huge amount of people. There is a lot more to it than just cheaper gas. OPEC is right in the middle of this saying that hey won't raise prices over a $100 a barrel again thinking that we will shut down and let t hem keep there market share. Big mistake. Now is the chance that we could put the squeeze of those fuckers for fucking us for all those years but no, our fearless leader O, will make sure that all his Muslim buddies will be just fine and they will be protected by the Muslim loving President friend.

Steve
Exactly.

Entire communities are being pinched right now, while the consumer cheers at the pump...having been conditioned to hate Big Oil at any cost.
 

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The reason Exon/Mobil has had record profits every year for years is the investors are getting rich, not for the benefit of the average person.
Enough, enough, enough! My family has owned Exxon stock since 1967. So hasn't a lot of people if not the stock it's self then in their 401K's or index funds, etc, etc. WE ARE NOT EVIL. WE ARE EVERYDAY PEOPLE WHO DID WHAT WE WERE ADVISED TO BACK WHEN THIS COUNTRY MEANT SOMETHING AND YOU INVESTED IN IT AND IN YOUR OWN FUTURE. Also Exxon is nothing in the oil market. They don't set prices they just sell to the market at a market set price. When things are good they make money (yes evil money) but when oil drops to prices like this your state is more likely making more in taxes then Exxon is making per gallon. The reason they make billions is because they are selling billions of gallons of product and to be totally honest if it wasn't for their credit card business and the mini marts most gas stations would have been out of business a long time ago with their hundreds plus thousands of jobs.
Also keep in mind if not for American oil and gas companies we are at the mercy of other nations. Just look at the middle east trying to bleed us dry during a 6 year long slow market with $100+ oil along with Obama has tried to make coal, gas and oil so expensive that we would stop driving, put up windmill and change our ways has all kind of back fired. Making it harder and more expensive has just woke us up on how to do it better and cheaper and right here at home. So now Obama and the rest of the world (Opec) knows that we now know how high the cap is before we will do it for ourselves.
 

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Boatless Member :(
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3,006 Posts
I'm not well diversified in my investments (I know I should be, but I can't get excited about other industries) and a large percentage is in oil companies. I read about the industry every single day. I don't work in it like some people here, but I feel like I have a decent understanding. I don't blame Obama for the decrease in price at all. He wouldn't even be capable of achieving that, ever.

Go find a US oil production chart, and let that sink in for a little bit and consider what the result will be when certain players refuse to give up market share at any cost.
 

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Urban Cougar Trapper
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Discussion Starter #10
Sad part is 80% of folks think it just pertains to prices at the pump , gasoline and diesel fuels itself , What they DONT know is that barrel of oil makes , plastics , pharmaceuticals, roofing ,roads ...etc etc .etc....down to treating building lumber to paints ...
So , anyone in housing construction, plumbing,AC work , on down the line are also eventually affected too ! It may not be the swift kick in the ass like us oilfield workers get , but it is coming to a town near you . Anyone who scoffs at the big oil companies and think they just rack up piles of cash have no idea what it costs to drill and produce one . Last well we cleaned out after a frac had 42 perforating stages .....that's at a million dollars a zone to frac =42million JUST to Frac not including all the drilling ang final production expenses
 

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Sad part is 80% of folks think it just pertains to prices at the pump , gasoline and diesel fuels itself , What they DONT know is that barrel of oil makes , plastics , pharmaceuticals, roofing ,roads ...etc etc .etc....down to treating building lumber to paints ...
So , anyone in housing construction, plumbing,AC work , on down the line are also eventually affected too ! It may not be the swift kick in the ass like us oilfield workers get , but it is coming to a town near you . Anyone who scoffs at the big oil companies and think they just rack up piles of cash have no idea what it costs to drill and produce one . Last well we cleaned out after a frac had 42 perforating stages .....that's at a million dollars a zone to frac =42million JUST to Frac not including all the drilling ang final production expenses
You're right, oil does makes all of those products. However, when the raw material costs less, it's better for everyone except the producer of oil. If the lower price gets passed on, there are lower transportation costs, lower product costs and people buy more, resulting in more jobs elsewhere.
Not that long ago when the oil prices skyrocketed, jobs were lost because the little guy couldn't afford to operate or ship products and the average consumer couldn't afford the cost.
Those jobs were in the plastics , pharmaceuticals, roofing ,roads ...etc etc .etc....down to treating building lumber to paints, housing construction, plumbing AC industries, and don't forget UPS/FEDEX and trucking. We still have fuel sur charges by UPS/FEDEX and the airlines from those days.

I don't scoff at the big oil companies, it's a business. And, yes they have racked up piles of cash, that's how they have reported record profits every year for as long as I can remember.
Those record profits were used to buy our politician that we have today.

I also have investments in the oil industry because they did continually make money, but my investment is diversified as I was advised to do.
I'll save more money with lower oil costs, than I would have made from the oil investment and not cry about it.

It's economics 101, supply and demand.
There is an excess of supply, so the price goes down.
Why should we continually produce more than we need?
 

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83 Crusader - 468 BBC
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:iagree:
The only reason oil prices are dropping can be laid at the feet of American ingenuity, pride and the will of the American work force. I am amazed that peeps are getting upset because the price of gas in now below $2..... Unfuckin believable!

Not to be taken lightly, but the only adverse effects on our nation will be on those individuals who work in the petroleum industry. "Drill baby Drill" and we did, fact is, the OPEC countries can do it cheaper. Yep, they have been rapping us for the past several years and thanks to good ol' American ingenuity, we called their hand...... and forced them to fold. Job Well Done!

It is a shame that our Nation's employment situation is so depressed that when the best economic news in years finally hits the airways, peeps are upset because a "few" may loose their jobs. I guarantee more jobs will be created than lost due to the release of this long held strangle hold on our economy. THESE LOWER PRICES WILL EFFECT THE COST OF EVERYTHING! I like cheaper :wink2:

As far as Obama being responsible for this economic breath of fresh air...... not a chance. He has fought the oil industry kicking and screaming trying to avoid this very outcome.

To all of those hard working individuals working in America's oil industry, Good Job and THANKS! We all be better for your efforts and OPEC now knows, we Americans can turn on the "flow" at any time.
 

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:iagree:
The only reason oil prices are dropping can be laid at the feet of American ingenuity, pride and the will of the American work force. I am amazed that peeps are getting upset because the price of gas in now below $2..... Unfuckin believable!

Not to be taken lightly, but the only adverse effects on our nation will be on those individuals who work in the petroleum industry. "Drill baby Drill" and we did, fact is, the OPEC countries can do it cheaper. Yep, they have been rapping us for the past several years and thanks to good ol' American ingenuity, we called their hand...... and forced them to fold. Job Well Done!

It is a shame that our Nation's employment situation is so depressed that when the best economic news in years finally hits the airways, peeps are upset because a "few" may loose their jobs. I guarantee more jobs will be created than lost due to the release of this long held strangle hold on our economy. THESE LOWER PRICES WILL EFFECT THE COST OF EVERYTHING! I like cheaper :wink2:

As far as Obama being responsible for this economic breath of fresh air...... not a chance. He has fought the oil industry kicking and screaming trying to avoid this very outcome.

To all of those hard working individuals working in America's oil industry, Good Job and THANKS! We all be better for your efforts and OPEC now knows, we Americans can turn on the "flow" at any time.
x2....!!!

obamawinkingap.jpg

:D
 

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Marine Organism
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12,743 Posts
This has nothing to do with who's in office, and if it did, the house and senate are controlled by Republicans.

So, the answer to US problems would be higher oil prices?
For me, that means higher cost of gasoline. And how does that benefit me?
Higher oil prices means the oil investors make more money, and how does that benefit you or me, it doesn't unless you invest in oil.
It takes a certain amount of man hours to produce gasoline and oil products, and as long as there is a demand, those products will continue to be supplied.
There may be less drilling, but that is a small portion of the equation, and there is no shortage of petroleum products.

The reason Exon/Mobil has had record profits every year for years is the investors are getting rich, not for the benefit of the average person.
They are making money at the current prices or they would discontinue producing and they don't. The difference between the current prices and the inflated prices for the past years is money that went into the super-rich pockets.

So tell me how artificially inflated oil prices will help most of us?
You won't hear me crying.:wink2:
And the "me's" have it. Typical. :)hand

It will hurt the oil field workers for one. And Obama hasn't done one damn thing to ease oil prices. But he is damn fine with these low prices if they hurt our economy. It is his kin folk over in North Africa causing this latest drop in oil prices. They planned this and are trying to kill private shale production. Then after that goes, bump the prices back up. :duh:
 

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And the "me's" have it. Typical. :)hand

It will hurt the oil field workers for one. And Obama hasn't done one damn thing to ease oil prices. But he is damn fine with these low prices if they hurt our economy. It is his kin folk over in North Africa causing this latest drop in oil prices. They planned this and are trying to kill private shale production. Then after that goes, bump the prices back up. :duh:

You're correct, I shouldn't have used "ME" in the sentences, I should have used the word US.
It's a shame when someone loses their job, but raising oil prices won't change that.
The US produces more oil than is being used. There is an over supply of oil.
The industry isn't going to continue producing more oil than it can sell, there is not even a place to store the excess now.

If the price is raised, there will be less sold and even more oil available with no place for it to go.
ECONOMICS 101 - SUPPLY AND DEMAND.

You're not a deep thinker are you? googleisthemaster:)
 

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Marine Organism
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Oh wow, so now you are going to critique my thinking and give me a lesson in Econ... Sorry, your about 35 yrs late on that one.

A lot of oil, like that which is coming down Warren Buffets RR line from Canada is refined in the US specifically for export.

And I still think Arabs are fucking with oil supply/price to affect Russia. Econ 101. Feel free to take your own advice and use google yourself. :)hand
 

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83 Crusader - 468 BBC
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2,525 Posts
....And I still think Arabs are fucking with oil supply/price to affect Russia....
....If the price is raised, there will be less sold and even more oil available with no place for it to go.
ECONOMICS 101 - SUPPLY AND DEMAND.......
FWIW, I believe OPEC has their hands on the "spicket" and is intentionally escalating the supply and driving down the prices. This drop in oil is not happening merely due to normal "supply & demand" fluctuations. OPEC has played economic politics by manipulated the price of oil for decades.....

But regardless, I still believe these lower prices are good news for the U.S. economy :partyguy:
 

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Urban Cougar Trapper
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976 Posts
Discussion Starter #18
Opec is behind the drop , but also to the credit of our POtUS who lacks the balls and negotiations skills to press back ... Oil could be at $80 a barrel and prices at pumps be close to today's costs for the consumers , Rememeber big brother has to have HIS Taxes ! Cut out the high tax rate at the pumps !!! And we shouldn't let OPEC strong arm us , they wanna drop oil to $40 a barrel. Fine , that bushel of grain we just sent you just went up to $120 Again no balls by our Gov to push back
 

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Marine Organism
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Opec is behind the drop , but also to the credit of our POtUS who lacks the balls and negotiations skills to press back ... Oil could be at $80 a barrel and prices at pumps be close to today's costs for the consumers , Rememeber big brother has to have HIS Taxes ! Cut out the high tax rate at the pumps !!! And we shouldn't let OPEC strong arm us , they wanna drop oil to $40 a barrel. Fine , that bushel of grain we just sent you just went up to $120 Again no balls by our Gov to push back
I actually have heard rumors (from more than one source) that the gov is planning on raising the tax per gallon on fuel regardless.

And yes, we shouldn't let OPEC strong arm us. I'm not sure how much subsidies (spelled a break on taxes) the oil companies are getting at present, but we may need to up it to protect our oil industry.

This happened to the farmers and since has been phased out. Oh, get this, Brazil sued via "WTO" the USDA for giving "unfair" subsidies to farmers and won costing the US close to 300 million... I say "fuck them"!!!
 

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Urban Cougar Trapper
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976 Posts
Discussion Starter #20
ANY country who tried to sue us should be Immediately denied any aid forever , and told to fuck off ..don't like it ? Start a war ....Again no Gov. balls

and yes there will be a substantial Fuel Tax increase soon , so to all those who think that gas will stay cheap at the pump cause barrel oil dropped,,,,you are sadly mistaken
 
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