Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
PSA
Member Login

Site Notices
Posted: 5/2/2011 7:37:11 AM EDT
Hold on to your butt's!!   I predict oil to be 125-135 by July!  Should put our gas prices around 7-8 bucks a gallon!  

ETA... News are saying oil is going to sky rocket cause of the scare of backlash from OBL's death!  
Link Posted: 5/2/2011 7:38:47 AM EDT
Nothing like wildly speculative doomin' and gloomin' to keep the party lively, huh?
Link Posted: 5/2/2011 7:40:05 AM EDT



Originally Posted By TrojanMan:


Nothing like wildly speculative doomin' and gloomin' to keep the party lively, huh?


No shit.

 



Hey OP, go jump off a pier. Nobody needs more bad news speculation.
Link Posted: 5/2/2011 7:40:19 AM EDT
Originally Posted By TrojanMan:
Nothing like wildly speculative doomin' and gloomin' to keep the party lively, huh?


Call us responsible, but some of us like to keep an eye on things while you party...
Link Posted: 5/2/2011 7:42:57 AM EDT
When oil hit 140 a couple years ago, gas was around 4/gallon.  Why do you think it's gonna hit 7-8 at 135 per bbl.
Link Posted: 5/2/2011 7:44:02 AM EDT



Originally Posted By bafordman:


When oil hit 140 a couple years ago, gas was around 4/gallon.  Why do you think it's gonna hit 7-8 at 135 per bbl.


I agree, maybe $5ish



 
Link Posted: 5/2/2011 7:44:38 AM EDT
Originally Posted By bafordman:
When oil hit 140 a couple years ago, gas was around 4/gallon.  Why do you think it's gonna hit 7-8 at 135 per bbl.


TARP
Stimulus
QE1
QE2
QE3 (coming to a printing press near you, early summer 2011!)
Link Posted: 5/2/2011 7:44:47 AM EDT
Originally Posted By McNutty:
Hold on to your butt's!!   I predict oil to be 125-135 by July!  Should put our gas prices around 7-8 bucks a gallon!  

ETA... News are saying oil is going to sky rocket cause of the scare of backlash from OBL's death!  


WTI is currently ~114.  How is a 10-20% increase in oil prices going to lead to a 100% increase in gas prices?
Link Posted: 5/2/2011 7:50:13 AM EDT
[Last Edit: 5/2/2011 7:51:41 AM EDT by WIZZO_ARAKM14]
That doesn't make sense.

Oil is $114 a barrel now, and gas is Just a tad over $4.

Why the hell would it double from a small increase?

EDIT: beat by mere minutes...

Posted Via AR15.Com Mobile
Link Posted: 5/2/2011 7:50:22 AM EDT
Originally Posted By Snips:
Originally Posted By McNutty:
Hold on to your butt's!!   I predict oil to be 125-135 by July!  Should put our gas prices around 7-8 bucks a gallon!  

ETA... News are saying oil is going to sky rocket cause of the scare of backlash from OBL's death!  


WTI is currently ~114.  How is a 10-20% increase in oil prices going to lead to a 100% increase in gas prices?


Cause its like that show on Discovery about "Inspecting America" where the guy grabs a handful of rotten wood off a dock support pole (pier I guess) and the announcer says "This is what is defending our cities from the sea, this is our seawall" or however he says it.

Saying "this is what some of the supports look like under some of the docks on our coast" is no cause for alarm.  Terroristic poles degrading under our sea walls are RED PANIC ALARM type stuff.

Link Posted: 5/2/2011 7:51:52 AM EDT
Link Posted: 5/2/2011 8:17:05 AM EDT
oil stocks down right now, everyone is trying to spin it their way.
Link Posted: 5/2/2011 8:22:43 AM EDT
Originally Posted By macman37:
Originally Posted By TrojanMan:
Nothing like wildly speculative doomin' and gloomin' to keep the party lively, huh?


Call us responsible, but some of us like to keep an eye on things while you party...


So...

You have a plan to fix anything on the off chance that your unfounded anxiety actually pans out into anything substantial?

...

No?

Then pull up a seat, grab a beer, and chill out.
Link Posted: 5/2/2011 8:28:04 AM EDT
Well gas did jump 14cents here over night. Had been going up only 5cents a jump prior.

Don't know if oil prices were moving or if it's jumping the gun because of OBL's killin'.
Link Posted: 5/2/2011 8:30:47 AM EDT
Originally Posted By TrojanMan:
Originally Posted By macman37:
Originally Posted By TrojanMan:
Nothing like wildly speculative doomin' and gloomin' to keep the party lively, huh?


Call us responsible, but some of us like to keep an eye on things while you party...


So...

You have a plan to fix anything on the off chance that your unfounded anxiety actually pans out into anything substantial?

...

No?

Then pull up a seat, grab a beer, and chill out.


can't hear ya, brah, I got a lampshade on my head and don't know where my pants went! Party on!!!!!

Link Posted: 5/2/2011 8:30:50 AM EDT
Originally Posted By WIZZO_ARAKM14:
That doesn't make sense.

Oil is $114 a barrel now, and gas is Just a tad over $4.

Why the hell would it double from a small increase?

EDIT: beat by mere minutes...

Posted Via AR15.Com Mobile


Maybe someone can explain how we are at pump prices akin to that when a berrel hit $147.00
(July '08 IIRC)
Link Posted: 5/2/2011 8:34:08 AM EDT
Originally Posted By BothBarrels:
Originally Posted By WIZZO_ARAKM14:
That doesn't make sense.

Oil is $114 a barrel now, and gas is Just a tad over $4.

Why the hell would it double from a small increase?

EDIT: beat by mere minutes...

Posted Via AR15.Com Mobile


Maybe someone can explain how we are at pump prices akin to that when a barrel hit $147.00
(July '08 IIRC)


I have been wondering that same thing!
Top Top