Catlefarmer
Six Pointer
3.06 in Henderson
I am just confused why gas went to the commodities market. traders purchase thousands of futures on oil that they never even handle. the market dictates gas prices by traders on a computer.
another problem is I don't think the US has built a new refinery since the 70's. plenty of crude that can't be manufactured efficiently.
$2.69 in Four Oaks yesterday!
http://oilprice.com/Energy/Crude-Oil/Where-The-US-Got-Its-Oil-in-2013.html
I'm sure this isn't a shock for some. I just wanted those that explained a reduction in gas prices due to oil production and price fixing of the middle eastern countries to realize the true facts of oil import.
Gas prices are due to several factors, which TRICKLE down....not fall drastically in a couple of months right before a very important election. Did you notice a dramatic difference just before Zero's last election? No ?..Why ?
However, I am correct when I say gas prices dropped in 08 and 2012.
Yep. Google "history of gas prices" and you will see a big drop in Sept. 2006, a huge drop starting in Sept. 2008, a significant drop starting Oct. 2012, with another large drop right now. The only election year without a significant drop within 2 months of the election was 2010.
The factors that play into gas prices have always been too numerous and confusing for me to understand because every time it goes up, it's like they are picking another reason out of a hat. Technically with middle east unrest recently gas should be going up (according to past reasoning), but it's not. It is fun to point out regardless of which of the many factors is actually causing the short term drop.
Honestly, it is because the rest of the world is grasping at straws and sees us(our currency) as their best hope.......hell the Euro zone is worse off than we are, china's economy is starting to tank and the rest of the world isn't much better............not that we, the US, is much better, but we are less bad than every where else......Yeah, I was thinking about that last week since the dollar has strengthened. I read where one of the concerns ahead is foreign profits being devalued when brought back to the US by domestic companies. What I can't figure out is how the dollar can be strengthened while the Fed is "clicking" money into existence at an unprecedented pace.
I would love the see the Chicoms go down in flames....as well as Putin..............If China's economy continues to spiral downward, we may be able to pay them back all of our debt to them in a mere 100 years or so. Or send them a truck load of Nabs..those seem to keep their value quite well.
I would love the see the Chicoms go down in flames....as well as Putin..............