The Price of Oil/Gas and why

S

Solid State

Member
Mar 9, 2001
492
0
Buy oil futures = more personal money to buy gas = net lower price. Stop complaining and start investing. Or do you want to pass laws and punish the people who know how to make money better than you? If your so convinced that oil is going up - up -up, then why not buy in and take the profit and use the proceeds to buy down your own increased gas costs?
 
J

just-startin

Member
Jun 4, 2008
12
0
Ha ha, that's an excellent idea :nod:

Just out of interest, is this how we get massive ramping which will ultimately burst leaving us in yet another sticky situation ?
 
S

Solid State

Member
Mar 9, 2001
492
0
Of course. That is, if you don't get out in time.

Like any other investment it takes guts, luck, knowledge and someone on the inside leaking you information. Everyone seems to be positive that the astronomical rising price of a barrel of oil is a sure bet. I'm just wondering why the same people don't actually take that bet if they're so positive? Seems like easy money.
 

2-Strokes 4-ever

~SPONSOR~
Feb 9, 2005
1,842
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Missouri
Or is it not a big conspiracy?... but supply and demand. India and China's economys are booming like never before. They've never been huge oil consumers and now they're going like gangbusters, at an incredible rate (China is a really, really big country). Many of our American car dealers are shipping our gas hogs we're trading in over there because they're buying them up. If the refineries are paying employees double and tripple overtime to work 24/7, gas is going to be high.
 
M

motometal

LIFETIME SPONSOR
Sep 3, 2001
2,680
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Its really sad to see the same folks that bitch and cry about gas prices, love to shop at WalMart and save money buy purchasing Chinese products. So functionally, we send all of our money over to China, then they decide they want cars too...and why not! So that drives up the price of fuel and lowers our standard of living.

Most people, by nature, are very selfish and short sighted. They don't consider how they are helping put uncle Jim or aunt Sarah out of work because their manufacturing jobs are going overseas, where most of the products are made that we purchase.

But hey, look what bargains we found!
 

2-Strokes 4-ever

~SPONSOR~
Feb 9, 2005
1,842
4
Missouri
Yup. And right here in the U.S. too. Home Depot, Lowes....... wish there were still "mom & pop" hardware stores. Needed new handles for a wheelbarrow, can't find 'em! Gotta buy a whole new one. I think I'll make some and possibly spend more... just to "stick it to the man." :pissed: ....... :think:
 
M

Moose

~SPONSOR~
Sep 16, 2006
1,091
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You guys have two choices.

You can stop complaining.

Or you can come live in Canada and pay nearly 6 dollars a gallon. Or, you can live in Europe and pay anywhere around 11 dollars a gallon. Feel better?
 

BSWIFT

Sponsoring Member
N. Texas SP
LIFETIME SPONSOR
Nov 25, 1999
7,926
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Moose said:
You guys have two choices.

You can stop complaining.

Or you can come live in Canada and pay nearly 6 dollars a gallon. Or, you can live in Europe and pay anywhere around 11 dollars a gallon. Feel better?
Click to expand...
We still pay for our own medical care. Your extra taxes pay for socialized medicine, amoung other things.
Nice places to visit but I'll live right here in the buckle of the bible belt.
 

whenfoxforks-ruled

Old MX Racer
~SPONSOR~
Oct 19, 2006
8,129
2
Merrillville,Indiana
No I do not feel better? While others are worse than us, it figures! There are places still paying under a dollar a gallon! Places we call our friends? Places in our own hemisphere! A good deal of these issues we control, and are screwing ourselves!! (SEEMINGLY!) Oh boy, lets lift sanctions on N.Korea,GREAT! How about a smoking deal on crude from Iraq, or taking maybe an hour and erase Venezuela? I am sure I will NEVER see .25 cents a gallon gas again. That they could open up Alaska and offshore drilling, and all it would do is fuel the whiners and A.Gore! I am sure by the time Honda gets done giving the elite in California a cheap shot at testing their version of the hydrogen cars, that it will be every bit as expensive as a gas car to operate, probably MORE! Now let me go to the grocery store and give at least 75% more than I was paying 6 months ago!! The one pertinent factor that DOES honestly surprise me is, that the price of new bikes is not through the roof also?
 
M

Moose

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Sep 16, 2006
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BSWIFT said:
We still pay for our own medical care. Your extra taxes pay for socialized medicine, amoung other things.
Nice places to visit but I'll live right here in the buckle of the bible belt.
Click to expand...

Understood. Now take the first option. :)
 

2-Strokes 4-ever

~SPONSOR~
Feb 9, 2005
1,842
4
Missouri
Moose said:
You guys have two choices.
Click to expand...
Actually, there are more than two, but I'll play your game on this one.
"Stop complaining"... which actually means, give up, give in, till someone else wins. Or, it just means you don't care and don't want to hear it.
Or, stay here and... look a little at my own pocketbook, then focus on it even MORE closely, because the choices and difference I can make will greatly affect a safe, bright, affordable and therefore optimistic future for our children and theirs, and theirs....
It's called freedom. We choose to NOT give up, thank you.

BTW... You guys are bad-ass at hockey. :cool:
 
M

Moose

~SPONSOR~
Sep 16, 2006
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Yeah, because complaining on an internet forum is going to help lower the gas prices... :coocoo:
 

Patman

Pantless Wonder
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Dec 26, 1999
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Maybe..... just maybe we need to improvise, adapt, overcome the situation at hand. That could mean many things not just one solution but sitting around crying about it will fix nothing. I just finished a 3,500 mile trip in a F150 Supercrew 4x4 with 5.4 and 3.73 gears and it wasn't cheap but I kept my foot out of it and used the cruise as much as possible and it made a difference. I already use synthetic lubricants and am a maintenance nut including checking / adjusting tire pressure each morning of the trip. Since I drive about 50 miles minimum each day I'm looking to pick up a used small fuel efficient car that is still fun and will park my truck more. Basically look at things that help reduce my need for fuel on a personal basis and then also look at the bigger picture as far as voting and supporting other more national options.

Another interesting thing I noticed on my trip which covered TX, AR, TN, KY, OH, WV, MD, VA, NC, SC, GA, AL, MS, LA is that I saw no E85 or biodiesel pumps and unleaded was only between $3.85 and $4.19 none of these wild numbers close to $5 I have heard thrown about.
 

Patman

Pantless Wonder
LIFETIME SPONSOR
Dec 26, 1999
19,765
1
It's the beer, they figure they are all drunk so they won't notice the extra Looney.
 

Patman

Pantless Wonder
LIFETIME SPONSOR
Dec 26, 1999
19,765
1
Kokanee, Raven Cream Ale.... not the stuff they send down to us.
 

whenfoxforks-ruled

Old MX Racer
~SPONSOR~
Oct 19, 2006
8,129
2
Merrillville,Indiana
Could have something to do with why I do not remember everything the last time I was there? Halfway through Detroit, what happened? Something about the cops not carrying guns was funny, they did not think so!
 

Patman

Pantless Wonder
LIFETIME SPONSOR
Dec 26, 1999
19,765
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I'll venture that there is a lot of truth there. Also notice the date. Know what gas was going for then? About $2.50 a gallon. :think:

Notice he has also gone back to being a missionary. Might be for a longer life or maybe he just gave up, who really knows.
 
Last edited:

robwbright

Member
Apr 8, 2005
2,283
0
I haven't been involved in this thread recently as I could spend hours debating. . .

However. . . please note from the following graph of commodity prices for the last 90 years how much faster the price of commodities went up immediately AFTER NIXON TOOK US OFF THE GOLD STANDARD in the early 70s.

Obviously, there are other factors involved in prices and the value of money. However, if you keep the dollar linked to gold, it tracks very closely with the price of oil - regardless of other factors.

As I recall, the Constitution specifically requires that money be coined in gold and silver - ONLY.

"No state shall . . . make anything but gold and silver coin a tender in payment of debts . . ."
 

Patman

Pantless Wonder
LIFETIME SPONSOR
Dec 26, 1999
19,765
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robwbright said:
"No state shall . . . make anything but gold and silver coin a tender in payment of debts . . ."
Click to expand...
I think they view that as a suggestion these days..... like most everything else listed in that document.
 
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