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| Economy |
| OPEC Sweats: How Low Can Oil Prices Go? |
| 2013-06-05 |
| h/t Instapundit ...every country on that list is watching the US shale revolution closely and sweating as the dotted line drops further. The Lord moves in mysterious ways |
| Posted by:g(r)omgoru |
| #23 We have anywhere from $3.57 to $3.99 in the Pac NW north of Seattlestan; and about 4 miles from the Anacortes refinery. The one that is getting 6-100+car unit trains of Bakken Shale crude weekly. These prices were @ 2 stations about 4 miles apart ( the low one is on the Indian Reservation, heve had a sweetheart deal w/ the Donk govner that cuts their taxes. many (including me) fill up there in protest to the high taxes for worthless public art and other feel good crap. ( including non-standing bridges). does this make me a bad person? |
| Posted by: USN,Ret. 2013-06-05 23:28 |
| #22 Southwest of chicago gas is 440.9. Up ,40 cents a gallon, just today!!? Prices down??? WTF |
| Posted by: illeagle 2013-06-05 22:24 |
| #21 "How Low Can Oil Prices Go?" Not low enough .... |
| Posted by: Barbara 2013-06-05 19:40 |
| #20 $4.05 in the Cinncinnati area today...was $3.65 two days ago. Wait until the word on the XL pipeline comes out this month...oy vey they say. |
| Posted by: Mugsy Glink 2013-06-05 19:29 |
| #19 Regular gas this afternoon rose to a price 10 cents/gal over diesel. First time this has happened in a great many years. |
| Posted by: Anguper Hupomosing9418 2013-06-05 19:09 |
| #18 #14 Watch for the bottom to drop out of oil once the EVs (electric vehicles) hit the road. Recently on a trip through the Bay Area and saw that the dozen charging stations in front of Solyndra had no waiting line... And they really have reduced traffic on the highway because the parking lots were completely empty... Guess they all rode their unicorns to work. |
| Posted by: Capsu78 2013-06-05 18:59 |
| #17 Many years ago, but at $10. per barrel nearly all the wells stopped pumping as I recall. |
| Posted by: Besoeker 2013-06-05 16:41 |
| #16 $90+ a barrel is low? I remember during the late 1990s Asian Financial Crisis when oil hit about $10 a barrel. 15 years later $90 is the new $10. |
| Posted by: dk70 the scantily clad 2013-06-05 16:32 |
| #15 Let's find out how stable these OPEC countries are without a continuous infusion of megabucks. I'm betting on "not very". |
| Posted by: Muggsey Mussolini 2013-06-05 13:42 |
#14 Watch for the bottom to drop out of oil once the EVs (electric vehicles) hit the road. Meh. They still need lube, power, and plastics. |
| Posted by: Rob Crawford 2013-06-05 13:17 |
| #13 They were warned to find new ways to support themselves. |
| Posted by: Newc 2013-06-05 12:59 |
| #12 They hit the road several years ago. Many more on the road just this year in CA. Govt's reaction was to raise the gas tax cause we aren't buying enough. |
| Posted by: Sum Dum Guy 2013-06-05 11:36 |
| #11 Watch for the bottom to drop out of oil once the EVs (electric vehicles) hit the road. |
| Posted by: Spaimp Turkeyneck3830 2013-06-05 10:58 |
| #10 A company WILL somehow charge enough for it's product/service to pay expenses in order to stay alive as an entity. Make expenses or die. |
| Posted by: tipover 2013-06-05 10:34 |
| #9 > Taxes are ALWAYS passed along to the consumer. Actually if you tax the rental/unimproved value of land then the tax cannot be passed on. It's Ricardo's law of rent (the rent will be set at the maximum the market can stand and taxing it will not reduce that figure). |
| Posted by: Bright Pebbles 2013-06-05 09:26 |
| #8 One of the usual suspects is blamed. I didn't read the article yet - would it be George W. Bush or Global Warming? |
| Posted by: Raj 2013-06-05 09:21 |
| #7 Taxes are ALWAYS passed along to the consumer. Anyone who tells you anything else is a lying sack of crap. |
| Posted by: Rob Crawford 2013-06-05 09:20 |
| #6 The oil industry is absolutely the MOST heavily taxed industry in the country, and it is all passed along to the consumer. |
| Posted by: Besoeker 2013-06-05 09:13 |
| #5 Don't forget all the taxes levied on the stuff. Not just at the pump, but through the whole process of extracting, transporting, cracking, distributing. A pound of flesh at every turn. |
| Posted by: Procopius2k 2013-06-05 09:00 |
| #4 Michigan gas prices highest in continental U.S. One of the usual suspects is blamed. |
| Posted by: Anguper Hupomosing9418 2013-06-05 08:56 |
| #3 I don't either, it's $3.20 here. |
| Posted by: Redneck Jim 2013-06-05 08:42 |
| #2 That's QE taking effect. |
| Posted by: Procopius2k 2013-06-05 08:26 |
| #1 I don't see any sign of "low" oil prices at the pump. I paid $4.059/gal at Costco yesterday. |
| Posted by: Spot 2013-06-05 07:42 |