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Author Topic: Oil $45 A Barrel  (Read 1496 times)

Offline Toad

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« Reply #30 on: August 09, 2004, 11:08:28 PM »
Quote
Originally posted by Nash
Nilsen - Alberta just wiped out its debt, and this month a survey is going out asking everyone what they want to start doing with all the money that's coming in.  


I'm sure everyone will vote to give it to Quebec to help their fellow Canadians!
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Offline Nash

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« Reply #31 on: August 09, 2004, 11:18:34 PM »
Yeah fat chance. :)

(doesn't mean they aint gonna try and take it.....)
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Offline Toad

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« Reply #32 on: August 09, 2004, 11:19:41 PM »
What, you guys have blue and red states (provinces) too?
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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!

Offline Nash

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« Reply #33 on: August 09, 2004, 11:30:40 PM »
Theres the red and blue, absolutely.... then there's that green one ya mentioned. :)
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Offline Sixpence

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« Reply #34 on: August 10, 2004, 03:33:20 AM »
Don't like the price? Don't buy it, it's that simple. You think they will lower prices if everyone keeps buying it? The more the demand, the higher the price goes. I know there is the supply side, but how do you quantify that in today's world? The only way to lower the price is to reduce demand. It is obvious that prices are not too high because people are still paying for it.
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Offline Staga

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« Reply #35 on: August 10, 2004, 04:12:47 AM »
Quote
Originally posted by Nilsen
Yeah, we now have just over 1000billion NOK or 150billion USD in our petrolium fund...and its growing :)


With the population of Norway that makes  +33000$ each... and when we know in US it's -20k$/inhabitant I'd say we know where US is going to attack next to fill its pockets... :aok
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Offline Nilsen

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« Reply #36 on: August 10, 2004, 04:28:02 AM »
Quote
Originally posted by Staga
With the population of Norway that makes  +33000$ each... and when we know in US it's -20k$/inhabitant I'd say we know where US is going to attack next to fill its pockets... :aok


But the question is.....does Bush know where Norway is? :D

Shh.. he is prolly trying to find us on the map, but if someone put it down with south facing up he will get confused and call Donald R. for advice.
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Offline X2Lee

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« Reply #37 on: August 10, 2004, 05:16:58 AM »
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Originally posted by Sixpence
Don't like the price? Don't buy it, it's that simple. You think they will lower prices if everyone keeps buying it? .


Well thats rather simplistic. What if you have three hungry
mouths to feed before you get to eat yourself? Cant go to work on fumes....
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Offline Stringer

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« Reply #38 on: August 10, 2004, 08:44:57 AM »
Gixer,
China's demand for commodities from oil to steel was not gradual.

Take carbon steel specifically.  Their economy spiked at such a rate that it turned the entire global supply/demand picture for steel on it's ear in a very few short months.  Only when China self imposed a slow down, mainly because it couldn't continue to get the steel it wanted, at the price it wanted, have the global conditions relaxed, and only just a little at that.

Like it or not, China's economic actions have a huge impact on global supply/demand equations.  Larger than any other country, IMO.
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Offline narsus

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« Reply #39 on: August 10, 2004, 08:59:09 AM »
2.25 a galon to fill up this morning....2 weeks ago it was 2.49.
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Offline GRUNHERZ

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Re: Re: Re: Oil $45 A Barrel
« Reply #40 on: August 10, 2004, 09:10:09 AM »
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Originally posted by Gixer
Let me know if it's gone up by the end of the week. Market is paying almost $45 a barrel and your glad that the gas price has dropped in SF area? LOL that's a pretty short sighted view of events.

Economics 101 Oil prices effect globaly in many ways in, price of what you are paying at the puimp is just the most basic reflection of this and one that people notice first. Rather then for instance the increased cost of heating or increased manufacturing costs,transporation etc and thats impact on the overall economy,jobs, interest rates etc.

...-Gixer


Uhhm I just answered you question about local gas prices Gixer, I dont see what in post made you respond in the way you did...
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Offline lazs2

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« Reply #41 on: August 10, 2004, 09:12:57 AM »
Ok... you convinced me.   lets take norway away from em.

lazs
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Offline anonymous

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« Reply #42 on: August 10, 2004, 09:19:16 AM »
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Originally posted by Nilsen
But the question is.....does Bush know where Norway is? :D

Shh.. he is prolly trying to find us on the map, but if someone put it down with south facing up he will get confused and call Donald R. for advice.


youve got it pegged. its known worldwide that harvard mbas are as a group the stupidest people in the world. and fighter pilots need a good brain except in usa. if i had to bet my donut on a chess match between you and the cic let me tell you it wouldnt be riding on your brain.
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Offline Sikboy

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Re: Re: Re: Re: Oil $45 A Barrel
« Reply #43 on: August 10, 2004, 09:42:52 AM »
Quote
Originally posted by GRUNHERZ
Uhhm I just answered you question about local gas prices Gixer, I dont see what in post made you respond in the way you did...


I too thought it was an odd reaction to answering his question. I think it was some sort of "bait and switch" thing, allowing him to bring out the second point in reaction to your adressing the first.

-Sik
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Offline mora

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« Reply #44 on: August 10, 2004, 09:47:57 AM »
4.92$ today...  I simply couldn't afford to commute if I'd have to pay for my car and gas. The gas alone would be around 10% of my net income.
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