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| Home Front Economy |
| Oil Prices Drop Below $55 a Barrel |
| 2007-01-05 |
| Oil prices dipped below $55 a barrel Friday, a day after plunging more than $2 a barrel as warm winter weather in the United States contributed to higher-than-expected U.S. inventories of gasoline, heating oil and diesel fuel. |
| Posted by:Fred |
| #4 Yup, don't let gasoline get cheap again. When oil ran up in the '70s there were a bunch of investments in synfuels, solar, and efficient cars. All those companies got creamed. Management learned never to do that again; we've had to wait for a new generation to give it another try. Sure, there's some overhead to a tariff. But in this case I do believe it's worthwhile. Trader keeps 20% of the difference between world market and $60 (incentive to get best price) and 80% goes to energy infrastructure and research, not into the general coffers! |
| Posted by: KBK 2007-01-05 19:53 |
| #3 the public will be snuffed out again like they were in the '70s. You mean gasoline will get cheap again if the price of oil drops? That's snuffed? The ticks are a dwindling force in energy. When I sees see a tariff I see happy government workers doling out the revenue and keeping a slice for themselves (government has overhead too). Think Spanish-American War emergency phone tax. |
| Posted by: Shipman 2007-01-05 18:20 |
| #2 We should set a tariff such that the price in the USA is $60 and put the proceeds into energy infrastructure and research. Otherwise, if the price continues to drop all the interesting market shifts and investments by both companies and the public will be snuffed out again like they were in the '70s. |
| Posted by: KBK 2007-01-05 15:41 |
| #1 Would like to see that reflected here- paying a buck a litre! And we are a major supplier! |
| Posted by: Christyouronlyhope 2007-01-05 11:22 |