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Why has the price of oil dropped 20% in the last 2 weeks?

Posted: Mon May 17, 2010 3:17 pm
by mainejeff
Is it because of the millions of gallons leaking into the Gulf.......or is it because the summer driving season is right around the corner?

Oh yeah.....I forgot. It's all about SPECULATION now! Nevermind reality.......me thinks it's time for another timely refinery shut-down, glitch or explosion. ;) ;) ;)

:jack: :jack: :jack:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 3:18 pm
by AZGrizFan
It's because demand is down all along the Gulf of Mexico....those folks can go right out into their backyard and just scoop whatever they need out of the gulf.

See. Silver lining in every cloud, Chicken Little.

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 3:19 pm
by mainejeff
AZGrizFan wrote:See. Silver lining in every cloud, Chicken Little.
See GM thread. :roll:

:coffee:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 3:21 pm
by AZGrizFan
mainejeff wrote:
AZGrizFan wrote:See. Silver lining in every cloud, Chicken Little.
See GMC thread. :roll:

:coffee:
The only part of that equation I don't like is the fact that our government owns 60% of a previous private entity. My point over there is that there's a black cloud in that silver lining....they're using a statistic to perpetuate a lie. go figure.... :roll: :roll:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:00 pm
by GannonFan
Maybe Obama found that "Gas Price" dial in the White House that people were always claiming Bush was using to drive gas prices (and gas profits) up? Maybe it was hidden behind a picture or something. Thank goodness we know that thing is real now!!! :)

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:07 pm
by tribe_pride
Am I wrong or is the price of oil tied to the dollar? Assuming I am right, because the Euro is getting destroyed right now, the dollar appears to be getting stronger and the price of oil has dropped.

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:11 pm
by GannonFan
tribe_pride wrote:Am I wrong or is the price of oil tied to the dollar? Assuming I am right, because the Euro is getting destroyed right now, the dollar appears to be getting stronger and the price of oil has dropped.
Nonsense - there are no other factors in such a complicated worldwide supply chain other than simple oil company greed. MJ says so. Oh, that and the "Gas Price" dial in the White House. :rofl:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:24 pm
by AZGrizFan
GannonFan wrote:
tribe_pride wrote:Am I wrong or is the price of oil tied to the dollar? Assuming I am right, because the Euro is getting destroyed right now, the dollar appears to be getting stronger and the price of oil has dropped.
Nonsense - there are no other factors in such a complicated worldwide supply chain other than simple oil company greed. MJ says so. Oh, that and the "Gas Price" dial in the White House. :rofl:
:lol: :lol:

POTW nominee... :notworthy:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:28 pm
by ASUG8
It's the damned private sector minimizing profits again - bastards. :ohno:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 7:56 pm
by mainejeff
But.....but.....but.....what about all of the refinery capacity "issues" that CONKS & CORPS are always whining about???........ ;)

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 9:02 pm
by native
mainejeff wrote:Is it because of the millions of gallons leaking into the Gulf.......or is it because the summer driving season is right around the corner?

Oh yeah.....I forgot. It's all about SPECULATION now! Nevermind reality.......me thinks it's time for another timely refinery shut-down, glitch or explosion. ;) ;) ;)

:jack: :jack: :jack:
Wall Street down, dollar up, and lower than projected Chinese demand.

http://www.msnbc.msn.com/id/12400801/" onclick="window.open(this.href);return false;

Are you really as dense as you try to appear?

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 9:38 pm
by travelinman67
mainejeff wrote:But.....but.....but.....what about all of the refinery capacity "issues" that CONKS & CORPS are always whining about???........ ;)
Gotta say, Maojeff, your starting this thread and your comments really underline the depths of your ignorance.

All around the world, the oil price drop and it's correlation to a strong dollar has been discussed by economists over and over since the Euro started sliding...

...yet you, somehow, conjured up some nefarious Conk-Oil Industry plot?

What was it, MJ? Too much ecstacy? The 2 month acid binge? Mama dropping you down the stairs?

Economics isn't voodoo. There isn't any "Fuck American's Wallets" dial on Dutch-Shell's director's desk. Do the companies within the oil industry (suppliers, distributors, marketers) look to maximize their profits? Yes...just like every other "for profit" in every other industry.

But in the end, it's supply and demand.
http://www.channelnewsasia.com/stories/ ... 29/1/.html

China continually expands it's development of oil supply http://www.google.com/hostednews/afp/ar ... JkqjzDHuuA , while America, under the control of brainless-fuckstick Progressives are using every crisis (fear) as an excuse to drive more nails in the liberal coffin of America's demise http://www.realclearpolitics.com/news/a ... forms.html.

Led by uneducated visionaries like Ted Turner...
(God May Be Telling Us Not To Drill)
http://cnn.com/video/?/video/tech/2010/ ... ligion.cnn

(GW Will Create Cannibalism)
[youtube][/youtube]

...simpleton liberals like yourself, MJ, skip over researching reality and formulate incomprehensible conspiracies to support socialist political theory with hateful, fear-inducing, nonsense as substantive as Trifle. One only need to note that the last time you sourced anything to support one of your cockamamie, post-it-note dissertations, Bette Midler was still attractive. Great news is, much to your chagrin, literacy is growing and the category of ignorant fools willing to listen to your blather is declining.

The world will never be powered by windmills spun from the smoke of exhaling dopers; GW has been exposed as a scam; The up-and-coming scam, "Ocean Acidification", will not be allowed to establish a toe-hold; And your brethren America-haters should prepare to be pummeled as the next generation of non-pensioned, poverty inducted kids awaken to the reality that their dilemna was born by the folly of Progressive liberals bent on reversing the past 150 years of our Nation's industrial development.

Take a clue from your "trademark" signature, and start reading what's happening in the world.

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Mon May 17, 2010 10:05 pm
by native
travelinman67 wrote:... The world will never be powered by windmills spun from the smoke of exhaling dopers; GW has been exposed as a scam; The up-and-coming scam, "Ocean Acidification", will not be allowed to establish a toe-hold; And your brethren America-haters should prepare to be pummeled as the next generation of non-pensioned, poverty inducted kids awaken to the reality that their dilemna was born by the folly of Progressive liberals bent on reversing the past 150 years of our Nation's industrial development. ...
:nod: :nod: :nod: :lol: :lol: :lol: :thumb: :thumb: :thumb: :notworthy: :notworthy: :notworthy:

Re: Why has the price of oil dropped 20% in the last 2 weeks

Posted: Tue May 18, 2010 2:58 am
by houndawg
travelinman67 wrote:
mainejeff wrote:But.....but.....but.....what about all of the refinery capacity "issues" that CONKS & CORPS are always whining about???........ ;)
Gotta say, Maojeff, your starting this thread and your comments really underline the depths of your ignorance.

All around the world, the oil price drop and it's correlation to a strong dollar has been discussed by economists over and over since the Euro started sliding...

...yet you, somehow, conjured up some nefarious Conk-Oil Industry plot?

What was it, MJ? Too much ecstacy? The 2 month acid binge? Mama dropping you down the stairs?

Economics isn't voodoo. There isn't any "**** American's Wallets" dial on Dutch-Shell's director's desk. Do the companies within the oil industry (suppliers, distributors, marketers) look to maximize their profits? Yes...just like every other "for profit" in every other industry.

But in the end, it's supply and demand.
http://www.channelnewsasia.com/stories/ ... 29/1/.html

China continually expands it's development of oil supply http://www.google.com/hostednews/afp/ar ... JkqjzDHuuA , while America, under the control of brainless-**** Progressives are using every crisis (fear) as an excuse to drive more nails in the liberal coffin of America's demise http://www.realclearpolitics.com/news/a ... forms.html.

Led by uneducated visionaries like Ted Turner...
(God May Be Telling Us Not To Drill)
http://cnn.com/video/?/video/tech/2010/ ... ligion.cnn

(GW Will Create Cannibalism)
[youtube][/youtube]

...simpleton liberals like yourself, MJ, skip over researching reality and formulate incomprehensible conspiracies to support socialist political theory with hateful, fear-inducing, nonsense as substantive as Trifle. One only need to note that the last time you sourced anything to support one of your cockamamie, post-it-note dissertations, Bette Midler was still attractive. Great news is, much to your chagrin, literacy is growing and the category of ignorant fools willing to listen to your blather is declining.

The world will never be powered by windmills spun from the smoke of exhaling dopers; GW has been exposed as a scam; The up-and-coming scam, "Ocean Acidification", will not be allowed to establish a toe-hold; And your brethren America-haters should prepare to be pummeled as the next generation of non-pensioned, poverty inducted kids awaken to the reality that their dilemna was born by the folly of Progressive liberals bent on reversing the past 150 years of our Nation's industrial development.

Take a clue from your "trademark" signature, and start reading what's happening in the world.

:lol: Somebody got their anti-depressants mixed up with their sleeping pills.