5f13389fd6ea4b6de49bacec84ed7d8f

Aanyone else following the oil price games? Who do you think will blink first.

jc @ over 2 years ago

Comments (119)

5f13389fd6ea4b6de49bacec84ed7d8f

The Saudi's say they are committed to maintaining their production levels regardless of the world surplus. They believe that lower prices will drive the US and Canada to cut production.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Some analysts say that due to efficiencies, US drillers can now make a profit below $70. Canada not so much.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Canada will certainly slow production. No reason for the US to yet. But, long term, it is a losing proposition for Arabia. The natural order of progress favors the booming US extraction industry versus the fully mature model over in there

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Large US companies will cut back. They can afford to wait while they protect profit margins. Smaller companies may suffer a lack of investment capital. Not good for them or our drilling industry in general.

jc @ over 2 years ago

5f13389fd6ea4b6de49bacec84ed7d8f

Don't forget, those Arabs are earning $70 on each barrel sold at $80. US drillers make about $15. Canada breaks even.

jc @ over 2 years ago

5f13389fd6ea4b6de49bacec84ed7d8f

The plus side in all of this is that it's kicking Putin's ass. Oil has dropped over 20% since June. That translates directly to the Russian bottom line.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Some US drillers (mainly shale/horizontal) are at 15, the overall average of all extraction methods is higher. But certainly not the insane margins the Arabs achieve.

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Exactly. I was reading an article this morning that said the Saudi's would be willing to endure a year with oil in the 70's. That would effectively put us back on the middle east oil teat.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I don't think the other OPEC members will go along with this strategy.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

You mean ISIS?

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Ha! I don't think they have a vote... yet.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

125e03ff143e887a8bee577895339921

Will any of these reductions in crude cost lead to lower prices at the pump?

Racer X @ over 2 years ago

Winder, GA 30680, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.79/gal ... middle VA .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

5f13389fd6ea4b6de49bacec84ed7d8f

2.89 two days ago 3.19 yesterday 3.09 today Every day is a surprise! I guess the overall trend is lower. It just takes a bumpy road getting there.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Tesla In 15 years, gas will be dirt cheap because the demand will be so low and reserves so full.

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Recently drove to Omaha. We saw gas prices go up .50, then back down within a fifty mile stretch. All in the same state.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

I'm sorry you had to drive to Omaha

AMI @ over 2 years ago

Villa Park, IL, USA

441587fe232d918c3a4c8497d22aa156

Georgia is bad about that also if you drive a few miles away from I 75 it will usually be at least 30 cents cheaper. price gouging the travellers.

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,,A cheap natural has to fuel process might accomplish that. Otherwise, oil prices will be self correcting on the high side.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,,, I wanted to see Warren Buffet's house. Ha!

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

I debated where it would adjust to and was left with the conclusion that the market would not sustain a correction on the high side. Were you super impressed?? :-)

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Actually, it was a wedding. My wife decided we should drive. She enjoyed it so much, she is pushing for a highway trip to Vegas. For Christmas.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

441587fe232d918c3a4c8497d22aa156

jc you should start in Chicago and drive to Walley World.

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

Ff0bc45e0c6ab8165b04eb40e5b1acf7

My wife and I love our road trips as well.

AMI @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Vegas has better strippers. It's a family thing. Christmas alternates between Dayton and Vegas.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

I'm afraid to see what my next oil man welfare check is going to be.. Where can I get a "does this car make my dick look big" bumper sticker?

Mr. Pink @ over 2 years ago

Strongsville, OH 44136, USA

441587fe232d918c3a4c8497d22aa156

pink you must have a mini.................car

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

5f13389fd6ea4b6de49bacec84ed7d8f

I don't know, Pink. But if you gotta ask, it probably doesn't.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Just make a copy of your oil man check. Glue it on your bumper. That should do it.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

93d38743227fa530172de383530e8ad5

2.77 here

Ai @ over 2 years ago

Chattanooga, TN 37421, USA

125e03ff143e887a8bee577895339921

3.39 sitting at a red light in front of an Exxon station right now

Racer X @ over 2 years ago

Atkins Park, Atlanta, GA 30306

6c48fb73634fa41fe7915a7faf370ee7

2.89 ;-(

Mr. Pink @ over 2 years ago

Westlake, OH, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.59 .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

6c48fb73634fa41fe7915a7faf370ee7

this is bad for the environment

Mr. Pink @ over 2 years ago

Strongsville, OH 44136, USA

5f13389fd6ea4b6de49bacec84ed7d8f

It's bad for Canada. They're gonna approve keystone, then have nothing to put in it.

jc @ over 2 years ago

Vandalia, OH, USA

6c48fb73634fa41fe7915a7faf370ee7

Canada doesn't have as many fat chicks as the United States does . You know I never thought of flying over the lake to pick up ho's... Interesting interesting

Mr. Pink @ over 2 years ago

Strongsville, OH 44136, USA

5f13389fd6ea4b6de49bacec84ed7d8f

2.99 Friday 2.75 today It will probably jump back up over 3.00 just before Thanksgiving.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.51/gal today

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

6c48fb73634fa41fe7915a7faf370ee7

SHÌT!;!!!! E85 10 CENTS LESS THAN REGULAR good job Liberals

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Well, the Saudi's are hanging tough. Prices are likely to drop further. We could actually see gas below $2.00 before next summer. By then, production drops will begin to bring prices back to a new normal.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

This is shaping up to be a milder version of the '86 oil crash. Big losers,, Venezuela, Russia. Big winners,, USA, China, Japan.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

7feb020fb3d3aa6cf2752031cf61da89

$2,49/gal today .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

5f13389fd6ea4b6de49bacec84ed7d8f

My Speedway station bumped back up to 2.89.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

125e03ff143e887a8bee577895339921

you should consider burning that bïtch down

Racer X @ over 2 years ago

Summerville, GA 30747, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Speedway is the predominate supplier around here. The others follow their lead. Their corporate headquarters is about twenty miles from my house.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

They are in the process of buying the Hess stations on the east coast. That will make them the largest chain of company owned stores.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

there's a massage parlor in Strongsville

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

just one?

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Damn, this is sooner than I thought. http://mobile.bloomberg.com/news/2014-11-28/-2-gas-in-sight-for-some-u-s-drivers-as-opec-resists-cut.html

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

name one thing the liberals haven't failed at

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

441587fe232d918c3a4c8497d22aa156

racism

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

5f13389fd6ea4b6de49bacec84ed7d8f

Pink,, Do you see this as a failure? Your oil man royalties must be pegged to the price of oil.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

directly but I'm not going back to caramel

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

2.35 today. I guess it went below $2 in Oklahoma city.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

another Obama failure.Really,what has that guy ever accomplished without promising stupid people riches retribution and revenge? an evil man

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.27/gal .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

6c48fb73634fa41fe7915a7faf370ee7

freefall! (I'm pretending this doesn't suck)

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Maybe you should pull the plug on that pump until the price rebounds.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

I'm just gonna assume she'll never run dry

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

7feb020fb3d3aa6cf2752031cf61da89

..,. like his wife. .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

6c48fb73634fa41fe7915a7faf370ee7

It's gonna be epic when my luck runs out

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Pink,, a lot of the fracked wells lose 30% of their output after the first year. If yours is still going strong, you've got a good one.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

really? When did we drill this hole? I have very poor perception of time. all I know is my kids are grown and my wife has iguana neck

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

7feb020fb3d3aa6cf2752031cf61da89

and she's dry ..

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.22/gal today . keep on pumping Pinky .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

441587fe232d918c3a4c8497d22aa156

pink will keep pumping young ho's and soon his oil well will be as dry as his wife.

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

6c48fb73634fa41fe7915a7faf370ee7

or visa versa

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

2.19 today. Pink, you could sign up as an Uber driver to help out with the car payments.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.15/gal .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

5f13389fd6ea4b6de49bacec84ed7d8f

We bought a bunch of gift cards at Kroger. Ended up with .90 gas discount. We filled up with 1.29 gas.

jc @ over 2 years ago

6c48fb73634fa41fe7915a7faf370ee7

dual quads here we come really makes those people in smart cars look kind of dumb the Volt E85 checking the pressure in our tire we need lock up the silverware and get Obama out of the white house

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

0eda15e8a4a685a0722949782c90e863

People in smart cars looked dumb before the price of gas fell the Volt is a decent car only idiots were ever on the E85 train tire pressure is important but more so for safety

AMi @ over 2 years ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Efficiency is as important as fracking when you look at the oil supply. Over the past twenty years the US has reduced the amount of oil used to produce a billion dollars in GDP from 1700 to 1100.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

6c48fb73634fa41fe7915a7faf370ee7

And boys have a penis and girls have a vagina

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Cars, planes, and manufacturing have become more efficient. Natural gas has replaced oil in many applications. Whether it's smart cars or smart processes, the common thread is smart.

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

0eda15e8a4a685a0722949782c90e863

High mileage diesel electric and pure electric cars are the future

AMi @ over 2 years ago

Villa Park, IL, USA

0eda15e8a4a685a0722949782c90e863

within ten years it will be common to see gas stations converting half their space to charging stations

AMi @ over 2 years ago

Villa Park, IL, USA

125e03ff143e887a8bee577895339921

It's not just smart cars that are increasing fuel efficiency. The 2015 Porsche Spyder gets over 70 miles per gallon when in hybrid mode. http://m.caranddriver.com/news/2015-porsche-918-spyder-production-spec-photos-and-info-news

Racer X @ over 2 years ago

Winder, GA 30680, USA

125e03ff143e887a8bee577895339921

Not bad for a car that does 0-60 in less than 3 seconds. ...and a top speed of over 200.

Racer X @ over 2 years ago

Winder, GA 30680, USA

125e03ff143e887a8bee577895339921

it can go over 90mph in pure electric mode. pretty badass

Racer X @ over 2 years ago

Winder, GA 30680, USA

441587fe232d918c3a4c8497d22aa156

but it's still a Porsche. you can polish a turd but it's still a turd.

President Not Sure @ over 2 years ago

Plantation Palms, Land O' Lakes, FL 34639

6c48fb73634fa41fe7915a7faf370ee7

I agree! A total little dick fàg mobile as opposed to the beautiful BMW 6 Series

Mr. Pink @ over 2 years ago

North Royalton, OH, USA

0eda15e8a4a685a0722949782c90e863

which is a fantastic woman's car

AMi @ over 2 years ago

Villa Park, IL, USA

125e03ff143e887a8bee577895339921

your women do frequently

Racer X @ over 2 years ago

Dacula, GA 30019, USA

6c48fb73634fa41fe7915a7faf370ee7

Women can't afford the 6 AMI!

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

A39f5aef0adb6cea421f333e4cc9b583

im really a lot more interested in the whole dustup about that seth rogen movie.

[412035] @ over 2 years ago

undefined

5f13389fd6ea4b6de49bacec84ed7d8f

http://www.wsj.com/articles/gulf-oil-exporters-blame-non-opec-producers-for-glut-1419163975 It's Pink's fault.

jc @ over 2 years ago

Miami, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Basically, their thought process is that if they cut production, they encourage more investment in shale, forcing them to cut production...... They are willing to suffer the low price in order to drive the competition out of the market.

jc @ over 2 years ago

Miami, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

It is already causing a drastic contraction in the stock price of many US drillers. And the amount of money earmarked for expansion is beginning to shrink.

jc @ over 2 years ago

Miami, OH, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.07/gal .

H2O @ over 2 years ago

Spotsylvania, VA 22553, USA

6c48fb73634fa41fe7915a7faf370ee7

at least we don't have to worry about putting gas in our cars but man did Obama fail at everything!!!and let that be a lesson to you liberals

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

http://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/ Obama fulfills Bachman's promise. We know he had little to do with it. But it will make great political fodder.

jc @ over 2 years ago

Bath, OH, USA

0eda15e8a4a685a0722949782c90e863

the article lost credibility with me when they referred to her as a leading contender

AMi @ over 2 years ago

Skokie, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Ha! Don't you remember that primary? Everyone got a shot as the leading contender. This must have been her week.

jc @ over 2 years ago

Bath, OH, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I was looking for 2dollar gas articles when that one popped up.

jc @ over 2 years ago

Bath, OH, USA

125e03ff143e887a8bee577895339921

Other than the oil companies (and the call girls of Strongville, OH) that will be negatively impacted by the low oil prices...won't the rest of the economy benefit from cheaper energy costs?

Racer X @ over 2 years ago

Dalton, GA 30721, USA

125e03ff143e887a8bee577895339921

a stimulus of sorts?

Racer X @ over 2 years ago

Dalton, GA 30721, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Sure. It's a great stimulus. The only real threat is a rash of bond defaults, either corporate or sovereign. If that happens, we get to go through another credit crisis.

jc @ over 2 years ago

Columbus, OH, USA

125e03ff143e887a8bee577895339921

woo hoo!

Racer X @ over 2 years ago

Knoxville, TN, USA

0eda15e8a4a685a0722949782c90e863

http://m.youtube.com/watch?v=wz-PtEJEaqY

AMi @ over 2 years ago

Villa Park, IL, USA

6c48fb73634fa41fe7915a7faf370ee7

It's people like me the mavericks, the fracker cracker who brought the oil prices down

Mr. Pink @ over 2 years ago

Strongsville, OH, USA

6c48fb73634fa41fe7915a7faf370ee7

$1.99 point nine up here

Mr. Pink @ over 2 years ago

12786-12810 Royalton Rd, North Royalton, OH 44133

75c0efaa27986c943c72b78a0fa61431

But it was Obama's dual gas was so expensive, I don't get it....

srorriM & ekomS @ over 2 years ago

undefined

75c0efaa27986c943c72b78a0fa61431

Fault*

srorriM & ekomS @ over 2 years ago

undefined

7feb020fb3d3aa6cf2752031cf61da89

he lost his bid to raise prices when he lost the House & now the Senate. . I'm sure he'll try an executive order/memo/directive/instruction or some other dictator stunt to fúck up the middle class happiness .

H2O @ over 2 years ago

Mountain View, CA 94043, USA

75c0efaa27986c943c72b78a0fa61431

Yeah, I wish he would just cut taxes to 0% and invade a few more middle eastern countries already.

srorriM & ekomS @ over 2 years ago

undefined

7feb020fb3d3aa6cf2752031cf61da89

we finally agree on something.

H2O @ over 2 years ago

Mountain View, CA 94043, USA

5f13389fd6ea4b6de49bacec84ed7d8f

It's still around 2.40 in vegas. I guess they didn't get the cheap gas memo. I called my son in Dayton yesterday. It's 1.81 there.

jc @ over 2 years ago

Pinto Palomino, Las Vegas, NV

6c48fb73634fa41fe7915a7faf370ee7

Picking up whores in Akron I noticed $1.89

Mr. Pink @ over 2 years ago

Norton, OH, USA

6c48fb73634fa41fe7915a7faf370ee7

I'm sorry, I meant misguided daughters of unknowing fathers

Mr. Pink @ over 2 years ago

Norton, OH, USA

98d7101629a5e7bcbaca8c6c5bd9decc

y'all suck. We're still at just above $3.

UndrWater @ over 2 years ago

Cerritos, CA, USA

125e03ff143e887a8bee577895339921

good thing the state mandated that all citizens of California drive a Prius

Racer X @ over 2 years ago

Winder, GA 30680, USA

0eda15e8a4a685a0722949782c90e863

or a beach cruiser

AMi @ over 2 years ago

Naperville, IL, USA

7feb020fb3d3aa6cf2752031cf61da89

$2.68 this area .

H2O @ over 2 years ago

Mountain View, CA 94043, USA

7feb020fb3d3aa6cf2752031cf61da89

leaf, they're fùcking driving a plant .

H2O @ over 2 years ago

Mountain View, CA 94043, USA

B5542118c2d0317fb8dbad550049edb7

I've been seeing a lot of Teslas recently, mostly on the west coast. Cool looking.

et in Arcadia ego @ over 2 years ago

Mission, OR 97801, USA

0eda15e8a4a685a0722949782c90e863

If I wanted to spend 90 thousand dollars on a car that's what I would get

AMi @ over 2 years ago

Northlake, IL, USA

B5542118c2d0317fb8dbad550049edb7

They're certainly spendy.

et in Arcadia ego @ over 2 years ago

Mission, OR 97801, USA

5f13389fd6ea4b6de49bacec84ed7d8f

OPEC winning? http://mobile.businessweek.com/news/2015-01-16/drillers-idle-55-oil-rigs-pushing-six-week-drop-to-209

jc @ over 2 years ago

Yellow Springs, OH 45387, USA

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