Blue_arrow
Posts:
3,530
Registered:
Jul 2, '08
Extended Info (if available)
Real Post Cnt: 3,385
User ID: 1,307,026
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Average Regular Unleaded Price $1.13 in 1999
-----signature-----
|
|
Link to this post
|
BubbleDude
Title: Perma-N00b
Posts:
16,792
Registered:
Feb 27, '03
Extended Info (if available)
Real Post Cnt: 14,490
User ID: 774,875
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
WHARGARRBL
-----signature-----
"It's much easier to just bitch on the internet than actually do something." - Altra_Shadowstalker
It probably came here in the first place because it did a search for "pedo forum." - Yukishiro
|
|
Link to this post
|
Eager_Igraine
Posts:
20,126
Registered:
Nov 21, '02
Extended Info (if available)
Real Post Cnt: 19,548
User ID: 740,268
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Blue_arrow posted:
Average Regular Unleaded Price $1.13 in 1999
So gas was cheap under Clinton?
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Inflation.
Less known remaining reserves.
Instability in many oil producing regions.
HTH 
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
Szerek
Posts:
4,747
Registered:
Aug 8, '00
Extended Info (if available)
Real Post Cnt: 4,343
User ID: 38,666
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Scarne posted:
Inflation.
Less known remaining reserves.
Instability in many oil producing regions.
HTH
Adjusting for inflation the price today would be $1.54. Hardly a massive jump.
Can't really argue the remaining reserves.
Instability, hmmm, if I'm not mistaken we caused most of that didn't we?
Isn't it cool how, like how costs go up when things affect supply? You know, like a late freeze and oranges all die so orange juice is expensive?
What the orange growers haven't figured out though, is when you want to raise prices, you just make shit up!
"Hey Phil, oil prices are a bit low."
"No problem Tom, I've got Fox, CNN, MSNBC, CNBC, ABC, CBS, NBC, NBA, NFL, FIFA, GLBT, and Sesame Street on speed dial. I'll tell them that Iran wants to blow us all up and bang our pets. Since they are our bitches, they will play right along with it. We will project imaginary instability into the region and profit!"
"Hey you better also tell them that Iran will have nukes in 6 months and Syria has WMDs!"
"Do you think we might have overplayed the WMD thing with Iraq?"
"Nah, Americans are stupid assholes. It'll work."
"BRILLIANT!"
-----signature-----
"The reason they call it the American Dream is because you have to be asleep to believe it."
"The IQ and the life expectancy of the average American recently passed each other in opposite directions."
- George Carlin
|
|
Link to this post
|
Ashmaele
Title: Pastor of Muppets
Posts:
19,662
Registered:
Jan 15, '02
Extended Info (if available)
Real Post Cnt: 15,903
User ID: 612,352
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
|
Moar gas price threads plz there's nowhere near enough spam on the front page
-----signature-----
I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up. 
|
|
Link to this post
|
imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
|
We are already tapping every known source of unconventional reserves in order to mask the global decline in production. We're only seeing the beginning of this upward trend even with another depression there's no way to keep prices down any longer. Unless we literally stop working as a nation, or planting crops.
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Cost of extraction is a factor too. As the easy "stick a pipe in the ground and oil bubbles out" oil goes away, we begin to access more and more expensive to extract oil. Those oil sands in Canada and the US are sure nice for local production, but they do cost more to get out (and the costs are in the energy costs to get out, not simply labor costs), and likely aren't viable at the 1999 prices. Likewise trying to go deeper and deeper drilling in the ocean gets more expansive.
I believe there are also more speculators involved in the oil markets now than there were in 1999.
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
For speculators to impact the price they will need massive infrastructure. A speculator will need to take oil off the market to push prices up. They will collectively need to take massive amounts of oil off the market to move oil prices to a significant degree.
The only likely way to do this is for producers to be the speculators. An oil producer can leave oil in the ground and push up prices for the oil they are selling...but this has always been true.
People complain about speculators but you cant push up the price of oil on a trading floor or from a computer terminal the way these complaints seem to imply.
We have seen speculators drive the price of electricity up, but they had buy in from producers to pull electricity offline and ultimately it was the actions of the producers that made the price spike.
-----signature-----
(none)
|
|
Link to this post
|
imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Production costs are rising.....
And net returns are dropping....
That simple enough for ya'll to come to terms with?
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
SoBaKi
Posts:
13,052
Registered:
Feb 26, '02
Extended Info (if available)
Real Post Cnt: 10,473
User ID: 650,555
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Blue_arrow posted:
Average Regular Unleaded Price $1.13 in 1999
You're pretty much a phucking idiot.
-----signature-----
"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
|
|
Link to this post
|
Desnoxvu
Posts:
15,306
Registered:
Mar 21, '02
Extended Info (if available)
Real Post Cnt: 12,742
User ID: 659,973
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
The FED just got caught handing out another 15 trillion to their buddies. The dollar is going to continue it's descent. Soon we will be dreaming about the days when gas was just $3 a gallon.
Also, India and China have now agreed to buy Iran's oil using gold rather than dollars. Iran is a big player in OPEC so we might see the other OPEC countries follow suit. If anyone here invests it would be wise to buy gold now before it spikes.
-----signature-----
Ron Paul 2012
|
|
Link to this post
|
SoBaKi
Posts:
13,052
Registered:
Feb 26, '02
Extended Info (if available)
Real Post Cnt: 10,473
User ID: 650,555
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
imaloon1 posted:
Production costs are rising.....
And net returns are dropping....
That simple enough for ya'll to come to terms with?
Damn those record breaking profits from Exxon, they're not playing by the rules.
-----signature-----
"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
|
|
Link to this post
|
Brother_Tempus
Title: Patriot
Posts:
48,624
Registered:
Jan 9, '01
Extended Info (if available)
Real Post Cnt: 48,310
User ID: 61,868
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Blue_arrow posted:
Average Regular Unleaded Price $1.13 in 1999
Those are 1999 dollars ... the 2012 dollar has a lot less purchasing power due to overprinting by the Fed than the dollar in 1999
-----signature-----
You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
|
|
Link to this post
|
SoBaKi
Posts:
13,052
Registered:
Feb 26, '02
Extended Info (if available)
Real Post Cnt: 10,473
User ID: 650,555
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
|
Don't let population get in the way of your craziness.
-----signature-----
"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
|
|
Link to this post
|
Szerek
Posts:
4,747
Registered:
Aug 8, '00
Extended Info (if available)
Real Post Cnt: 4,343
User ID: 38,666
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Brother_Tempus posted:
Blue_arrow posted:
Average Regular Unleaded Price $1.13 in 1999
Those are 1999 dollars ... the 2012 dollar has a lot less purchasing power due to overprinting by the Fed than the dollar in 1999
If you ready my previous post you would see that $1.13 in 1999 SKYROCKETS to a near unbelievable $1.54 in 2012 dollars. That increase is so staggering it almost blows the mind.
-----signature-----
"The reason they call it the American Dream is because you have to be asleep to believe it."
"The IQ and the life expectancy of the average American recently passed each other in opposite directions."
- George Carlin
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Szerek posted:
Brother_Tempus posted:
Those are 1999 dollars ... the 2012 dollar has a lot less purchasing power due to overprinting by the Fed than the dollar in 1999
If you ready my previous post you would see that $1.13 in 1999 SKYROCKETS to a near unbelievable $1.54 in 2012 dollars. That increase is so staggering it almost blows the mind.
It is still a 36% increase.
But BT is probably talking about how valuable the dollar is relative to gold, not the normal inflation numbers most people use. I would guess the the price for an ounce of gold went up by more than 36% between 1999 and 2012.
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
cabbyman
Posts:
36,024
Registered:
Jan 6, '03
Extended Info (if available)
Real Post Cnt: 30,306
User ID: 755,896
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Thanks a lot Obama!!!!!!1 
-----signature-----
“No man’s life, liberty, or property are safe while the Legislature is in session.â€
"Life's tough. It's tougher if you're stupid." -- John Wayne
“If there must be trouble, let it be in my day, that my child may have peace†- Thomas Paine
|
|
Link to this post
|
Brother_Tempus
Title: Patriot
Posts:
48,624
Registered:
Jan 9, '01
Extended Info (if available)
Real Post Cnt: 48,310
User ID: 61,868
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Szerek posted:
Brother_Tempus posted:
Blue_arrow posted:
Average Regular Unleaded Price $1.13 in 1999
Those are 1999 dollars ... the 2012 dollar has a lot less purchasing power due to overprinting by the Fed than the dollar in 1999
If you ready my previous post you would see that $1.13 in 1999 SKYROCKETS to a near unbelievable $1.54 in 2012 dollars.
No , you are counting the "government's number" for inflation ... nowhere even close to the reality as we are seeing now. The correct estimation of inflation has gas being $3.61 in 2012 dollars
Souorce : http://www.halfhill.com/inflation.html [ set it for shadowstats } and you will see who is really tracking the true rate of rising prices and who is lying
-----signature-----
You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Lets say a widget costs $5.00 in 2010.
In 2011 a widget is 5% better at widgeting and it costs $5.05.
Is this inflation?
In 2012 the widget is unchanged, but a parts shortage in Asia along with increased demand from new buyers in India drives prices to $5.25.
Is this the fault of the Fed?
You are going to get both of these wrong. 
-----signature-----
(none)
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
theredkay1 posted:
Lets say a widget costs $5.00 in 2010.
In 2011 a widget is 5% better at widgeting and it costs $5.05.
Is this inflation?
Sounds like deflation. $5.00 * 1.05 = $5.25. 
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
Brother_Tempus
Title: Patriot
Posts:
48,624
Registered:
Jan 9, '01
Extended Info (if available)
Real Post Cnt: 48,310
User ID: 61,868
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
theredkay1 posted:
Lets say a widget costs $5.00 in 2010.
let's say we ignore this strawman and focus on a gallon of gas which has not changed much from a gallon of gas from 1999 but the price for it is a lot higher now than what is was back then
-----signature-----
You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
|
|
Link to this post
|
Scarne
Title: Capo di Scientifico
Posts:
27,710
Registered:
Jul 23, '01
Extended Info (if available)
Real Post Cnt: 22,798
User ID: 272,061
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Brother_Tempus posted:
let's say we ignore this strawman and focus on a gallon of gas which has not changed much from a gallon of gas from 1999 but the price for it is a lot higher now than what is was back then
A gallon of gas has changed a lot since 1999 when you take the likely source of the raw materials into account and the cost of extracting said raw materials.
-----signature-----
E Pluribus Unum
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Scarne posted:
Brother_Tempus posted:
let's say we ignore this strawman and focus on a gallon of gas which has not changed much from a gallon of gas from 1999 but the price for it is a lot higher now than what is was back then
A gallon of gas has changed a lot since 1999 when you take the likely source of the raw materials into account and the cost of extracting said raw materials.
Trust BT to miss the point completely.
-----signature-----
(none)
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Brother_Tempus posted:
theredkay1 posted:
In 2012 the widget is unchanged, but a parts shortage in Asia along with increased demand from new buyers in India drives prices to $5.25.
Is this the fault of the Fed?
You are going to get both of these wrong.
let's say we ignore this strawman and focus on a gallon of gas which has not changed much from a gallon of gas from 1999 but the price for it is a lot higher now than what is was back then
Not sure how this is a strawman.
So your answer is 'yes, its the Feds fault'?
What about the price collapse of Pet rocks? Is the Fed to blame too?
-----signature-----
(none)
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Scarne posted:
Inflation.
Less known remaining reserves.
Instability in many oil producing regions.
HTH
IN addition to oil being harder and more expensive to extract...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Brother_Tempus
Title: Patriot
Posts:
48,624
Registered:
Jan 9, '01
Extended Info (if available)
Real Post Cnt: 48,310
User ID: 61,868
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Yukishiro1 posted:
Trust BT to miss the point completely.
What you trying to change the subject ... nope, i didn;t miss that at all
-----signature-----
You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
|
|
Link to this post
|
Szerek
Posts:
4,747
Registered:
Aug 8, '00
Extended Info (if available)
Real Post Cnt: 4,343
User ID: 38,666
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
reesescups posted:
Scarne posted:
Inflation.
Less known remaining reserves.
Instability in many oil producing regions.
HTH
IN addition to oil being harder and more expensive to extract...
I bet if cars could run on Baby Oil Republican's wouldn't be so anti-abortion...
Unwanted babies + high pressure = Baby Oil Profit!
-----signature-----
"The reason they call it the American Dream is because you have to be asleep to believe it."
"The IQ and the life expectancy of the average American recently passed each other in opposite directions."
- George Carlin
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
fuel demand fell 17.6 million barrels lowest level since 1999
|
Brother_Tempus posted:
Yukishiro1 posted:
Trust BT to miss the point completely.
What you trying to change the subject ... nope, i didn;t miss that at all
Talking about the raw materials, the additives, the refining... When discussing the cost of Gas, these are not strawmen or attempting to change the subject. They are referred to as facts and reality.
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
