OIL CARSH THREAD....52 Handle!!

Yes, fracking is new. [link to www.amazon.com] Today's prices are from fracking. Without fracking, we'd be doing the peak oil thing.

PEVs get some electricity from nuk, so oil prices go down with PEV market share rising.

Last Edited by idiot221 on 12/08/2014 07:39 PM

Doom back on! $62.32 and dropping!

Actually fracking will increase because the energy cost to frac is lowered so ...

welcome new high pay jobs.

How do I buy oil futures?
Can my broker get them?

gas is 2.99 where I am at.

Not so simple, the shale boom started at the beginning of this most current credit cycle that began in 2009. Very little capital was used and most of the plays were entirely financed, and the financing was set up from the current oil prices that had been driven up during the housing boom.

So, the actual prices are far lower so the debt the producers used will begin to default as the drillers won't be in the black. So, you say that opens up opportunities for new companies that aren't burdened with debt to set up financing at lower prices. Wrong again because we are at the end of the credit cycle when the non-performing debt begins to sour and then collapse.

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no, 9 & 9 i think!

When I've complained about low wages in the past, I've always been told to start my own business and not rely on others to provide an income for me. Who needs a job? Maybe they can do the same IF they get laid off.

With rolling blackouts we don't need to get more power.

You think Obama is running the country? LoL.
Obama is just a figure head the fall guy. he is not making any decisions on his own. He is told what to do and he follows orders or they will JFK him. There are many reason why Oil is cheap. For one we are in an economic war with Russia and china. Another reason is the economy is very weak. Obama talked about this during the debate with Romney. Everything is rigged. They have all the money and all the product. They just flood the market when they need the price down and simply pull supply back when they need the price to rise.

do you think thereis zero oil out there to be bought?

I think the price of oil (on the stock market) is going down so, because there is no oil to buy in the first place. There is no silver for China to buy for their industry, and they and Russia are joined at the hip. Doesnot Russia have some terrible control of the oil, or so i hear?

Who was that that had their pumps bagged off except for a few hoses here and there? Big K, not Circle K.

Still getting raped in Commiefornia for gas. Still over $3.

If there was NO oil to buy on the stock market prices would EXPLODE not go down.

2.33 here!

Wife got some after work today at 2.13 here in Edmond OK. There are several places tho right around 2.00 around the OKC area.

I'm in WNC. Where is this gas at?

It's a way to cut funding to ISIS.

I started out in 2000, so it's hardly new. Been in play for well over 50 years.

Don't talk out your ass.

1

A friend of mine bought 1000 shares of Bank Of AMerica stock back when stocks crashed foe like just over a buck a share and so far he has made 58,000..Buy low sell HIgh.

Obviously it is manipulated and does not reflect reality.

in Poland gas and petrol is for 5,4$ for the gallon at the stations

markets are all red

[link to www.netdania.com]

Democrats

1.99 south texas

This isn't a crash, its oil finally going back the the fucking price its supposed to be, AKA they are done fucking us :)

where are all the speculators
that were able to drive up the price of oil
where are they now?

Brent crude fell more than $1 on Wednesday, resuming its fall caused by a glut of oil in the market after a short-lived reprieve the previous day when a weaker dollar had provided some support.
[link to www.businessinsider.com]


Oil Is On 'An Incessant March Downwards'
[link to www.businessinsider.com]

Hedge Funds were speculating heavily since the Bush Crash.
In the last 3 years even public employee retirement funds
and other traditionally conservative groups were speculating
in oil futures.

Everyone is probably scared, figuring they can't fight
Saudi Arabia and the other OPEC nations.

New Study Claims US Shale Gas Quantities Have Been Grossly Exaggerated

US government estimates of the amount of natural gas that can be extracted by fracking may be far too optimistic, according to a new study by the University of Texas (UT) at Austin.

The problem, according to the UT researchers, goes far beyond merely running out of natural gas. The researchers warn that the US and many other countries, relying on a long-term availability of inexpensive gas, are investing billions of dollars in vehicles, factories and power plants that depend on gas.

[link to www.businessinsider.com]