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Old 01-05-2015, 05:38 AM   #71
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Hopefully they won't skyrocket any time soon like back in early 08


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Old 01-05-2015, 06:11 AM   #72
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I think your signature is a little too much lol.


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Just a tad bit long.

93 at 2.12 here.

87 at 1.78

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Old 01-05-2015, 12:35 PM   #73
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Rap isn't going to like this.
US crude oil prices dropped below $50 per barrel for a brief time today. The price is expected to drop into the $40's, later this week, if weekly oil inventory numbers for the United States, on Wednesday, show an increase in supply.
Brent crude is hovering around $53.

There is a chance that we might see gasoline drop below $2 per gallon in some parts of CA.
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Old 01-05-2015, 02:15 PM   #74
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Rap isn't going to like this.
US crude oil prices dropped below $50 per barrel for a brief time today. The price is expected to drop into the $40's, later this week, if weekly oil inventory numbers for the United States, on Wednesday, show an increase in supply.
Brent crude is hovering around $53.

There is a chance that we might see gasoline drop below $2 per gallon in some parts of CA.
Not affecting us one bit. Everything is actually picking up for us down south.
We are not worried about 1 thing, no reason to be

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Old 01-07-2015, 07:55 PM   #75
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1.69 in Keller MF's


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Old 01-08-2015, 03:50 PM   #76
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I wonder how close we are going to get to 90s prices. Where is Keller?
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Old 01-08-2015, 04:04 PM   #77
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Gas prices

Supply and demand. Yes prices are lower. But you see how much more gas people are using?

Gas is finally becoming an elastic product. Which is big news


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Old 01-08-2015, 05:14 PM   #78
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hope they stay that way ....and not just till election so certain candidates look good like there doing there job to control gas prices. like the fact they raise prices of gas throughout the year just so they can seem like they went down in the new year when really u paid so much then..... that now it compensates for these low prices going around basicaly u paid for the gas ur buying right now a few months back
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Old 01-12-2015, 03:58 PM   #79
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I am very jazzed about current gas prices. HOWEVER, the reasons for the cheap gas are not all good. Opec nations are purposely dumping vast quantities of oil on the market and are refusing to scale back production for the sole purpose of destroying the US shale drillers and regaining market share. Opec doesn't like Fracking, and by keeping barrel prices low, fracking and shale drilling become financially unfeasible. Opec is hoping to hold out long enough that various fracking operations go under or scale back production so they can regain market share.

Oil prices currently have very little to do with out political parties. And to be frank, I'm sure there are numerous US interests who would rather see oil prices stabilize at a higher price.

In the mean time, Saudi Arabia has plenty of cash reserves, but smaller Opec nations are being hit hard. Russia is also being hit hard by low oil prices, as is Venezuela. This is a war of attrition with no clear cut winner at this point.

How OPEC Weaponized the Price of Oil Against U.S. Drillers - Bloomberg

Saudi Arabia Won't Cut Oil Production to Boost Prices

No chance of OPEC output cut, even after oil dips below $50: Gulf delegates | Reuters
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Old 01-12-2015, 04:01 PM   #80
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Alot of yall just jeep to be a business owner in the oilfield to understand this stuff. Vs what yall think

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Old 01-12-2015, 04:51 PM   #81
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Alot of yall just jeep to be a business owner in the oilfield to understand this stuff. Vs what yall think

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Beauty of the internet we can all be arm chair owners.

While I'm liking the lower prices I know something negative has to come about from such a quick and drastic change in prices...
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Old 01-12-2015, 04:53 PM   #82
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Gas prices

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Originally Posted by Rapinator126 View Post
Alot of yall just jeep to be a business owner in the oilfield to understand this stuff. Vs what yall think

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Don't need to be a business owner in the oilfield to understand economics and trends

Volume of production doesn't necessarily mean higher prices at the pumps.


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Old 01-12-2015, 04:55 PM   #83
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Don't need to be a business owner in the oilfield to understand economics and trends

Volume of production doesn't necessarily mean higher prices.


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Yet this principle never works out quite like I want it to in Victorias Secret when buying things for my wife...
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Old 01-12-2015, 05:28 PM   #84
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We are on a contract so when thr price drops ours does not, got that.

It does not affect us like yall think, but guess what it will for yall when the price goes up.

I do not lay off employees. This is not a big downfall.


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Old 01-12-2015, 05:32 PM   #85
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We are on a contract so when thr price drops ours does not, got that.

It does not affect us like yall think, but guess what it will for yall when the price goes up.

I do not lay off employees. This is not a big downfall.


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No one said it was a downfall. We are just talking about gas prices.... You were the one that started to bring up the whole drilling and production side of it.

In the past i would agree that its just a simple dip and would go back up. But its looking different this time. How it will affect you on the production side, i'm not sure. But on the consumer side i don't think it'll go nearly as high. Especially as demand gets lower and lower with more fuel efficient and electric cars.
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Old 01-12-2015, 05:36 PM   #86
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We have nothing to do with the production side. We are completions.

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Old 01-12-2015, 05:46 PM   #87
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We have nothing to do with the production side. We are completions.

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You know what i'm trying to get at. You aren't on the consumer side of it (Ie. Chevron, Valero, Texaco ect.......).

Ultimately the price of gas at the actual pump is going to be determined by supply and demand. With the age of fuel efficient and hybrid cars people will be at the pump less often. That is when supply and demand come into play and how elastic gas is.
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Old 01-12-2015, 06:43 PM   #88
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You know what i'm trying to get at. You aren't on the consumer side of it (Ie. Chevron, Valero, Texaco ect.......).

Ultimately the price of gas at the actual pump is going to be determined by supply and demand. With the age of fuel efficient and hybrid cars people will be at the pump less often. That is when supply and demand come into play and how elastic gas is.
Soccerluvr, you just don't understand. I think drilling some oil might make it clearer for you.

Really though, a lot of people think this is the new way of life. Maybe a month, maybe a year, but prices will go back up. Though some articles say Tesla has had a slow down in sales, companies that have invested in electricity (Nissan, GM, Tesla, et cetera) won't be pulling the plug (get it?) on their electric cars any time soon. So hard to say the actual impact.

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Old 01-12-2015, 06:49 PM   #89
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They will go back up. I mentioned that before. I'm saying they won't go back up nearly as like the $5 Rapinator claimed, at least not without inflation, because over time inflation makes everything go up. Because by the time they would get there we will most likely have much more fuel efficient cars at a more affordable level.

We all have different views.

Rapinator's view is from the more producer side of it.

I'm looking at it more of an economics view mixed with upcoming technology.

You yourself are all about mpg and efficiency. Imagine if all the cars on the road were like you, it will take a toll on prices.


All of this is also completely excluding the global political point from OPEC, which adds another complex variable.

There is no telling what will happen, the best we can do is interpret what is happening to make a prediction about the future.


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Old 01-12-2015, 07:27 PM   #90
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They will go back up. I mentioned that before. I'm saying they won't go back up nearly as like the $5 Rapinator claimed, at least not without inflation, because over time inflation makes everything go up. Because by the time they would get there we will most likely have much more fuel efficient cars at a more affordable level.

We all have different views.

Rapinator's view is from the more producer side of it.

I'm looking at it more of an economics view mixed with upcoming technology.

You yourself are all about mpg and efficiency. Imagine if all the cars on the road were like you, it will take a toll on prices.


All of this is also completely excluding the global political point from OPEC, which adds another complex variable.

There is no telling what will happen, the best we can do is interpret what is happening to make a prediction about the future.


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Gas is never going to rise again, did you not study physics? When more people are on earth, they sell it $.05 more gallon because they know that less people will buy it. However, depending on hot or rainy days it will affect the price by 45% because 70% of people will be off the road those days. However, if you subtract the final numbers, you might get mixed up with Hawaii.. Ect.. Stuff in that nature.


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Old 01-12-2015, 08:02 PM   #91
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Go home, laquisha, your drunk.

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Old 01-12-2015, 11:11 PM   #92
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I paid 3.50 today at circle k and across the street at arco gas was 2.47.
Kinda kicked myself in the butt

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Old 01-13-2015, 06:05 AM   #93
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Gasbuddy, my friend. Android or macintosh.

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Old 01-13-2015, 06:41 AM   #94
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who the hell is still paying $3.50 per gallon? It's $1.97 on base now woot woot!
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Old 01-13-2015, 06:45 AM   #95
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sweet. 1.95 at sams club. of course i just filled up for 2.06. still cheap.
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Old 01-13-2015, 02:02 PM   #96
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We are on a contract so when thr price drops ours does not, got that.

It does not affect us like yall think, but guess what it will for yall when the price goes up.

I do not lay off employees. This is not a big downfall.


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What happens when the contract expires though, Rap? Won't any future negotiations be largely dependent on the current price of oil?
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Old 01-13-2015, 02:04 PM   #97
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It's dropped down to the low $2.50's here.
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Old 01-13-2015, 02:06 PM   #98
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I saw 1.86 a few times today
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Old 01-13-2015, 02:09 PM   #99
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Gasbuddy, my friend. Android or macintosh.

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Yup, i use the same app.... Usually doesn't affect where i go though unless its a station around the same street. I use it more for curiosity.

Bay area sucks. The closest gas station near me, the one i like to go to most is $2.90 for premium still. Back in Sacramento its $2.30-2.40ish.
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Old 01-13-2015, 02:33 PM   #100
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What happens when the contract expires though, Rap? Won't any future negotiations be largely dependent on the current price of oil?
By the time it expires the prices will already be back up. The oilfield always takes a drop every so many years. It's just part of it, and this was when we were due for it. Will not be anywhere near like it was in the early 90's.
Everything will even back out around the middle of the year Give or take

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Old 01-13-2015, 06:48 PM   #101
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I just bought some gas, using my Safeway gas rewards points, and only paid $2.33 per gallon.
A new record low!!!
(In the last 15 years, at least lol)
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Old 01-13-2015, 06:59 PM   #102
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I just bought some gas, using my Safeway gas rewards points, and only paid $2.33 per gallon.

A new record low!!!

(In the last 15 years, at least lol)

I hate how the points expire each month. I never rack up enough for discounted gas.


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Old 01-14-2015, 03:26 PM   #103
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i paid 1.96 yesterday whooo hoooo cheap gas means more miles on the car.
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Old 01-15-2015, 09:37 AM   #104
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Been driving the Expy more and more. Ugh, now that I have a smooth driving 4x4 again (maintenance done) I'm starting to get back into having a big truck to tool around in again. Just nice being up high and comfy with heated seats and a nice sound system and a lot of room for whatever. Might try to find a lower mileage 03-06 Navigator with black interior and middle bucket seats/console.


That is... if gas prices stay somewhat in the realm of under $3 in the near future...
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Old 01-15-2015, 09:38 AM   #105
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i paid 1.96 yesterday whooo hoooo cheap gas means more miles on the car.
1.91 shes still going down
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