Cheap gasoline coming?

[Jerrylynnb]

Go here:

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=3m

See the trend. If somebody doesn't do something we're looking at $20 per barrel gas (or maybe even less). How can the multitude of high paid oil workers keep their good jobs at this price?

You might cheer at the prospect of $1/gal gasoline by summer (or less), but, the other consequences are massive loss of jobs and deflated demand for goods and services (too much debt, not enough earning potential). All I see here in north Texas is fine and dandy, but, this trend for crude HAS to have devastating effects if it isn't checked and turned upward - and soon!

[midnight rambler]

How can the multitude of high paid oil workers keep their good jobs at this price?

Short answer, they can't.

[cheka.]

the refiners are loving it -- making bank

valero up 350% over last 5 years -- https://beta.finance.yahoo.com/chart/VLO

[Jewboo]

You might cheer at the prospect of $1/gal gasoline by summer (or less), but, the other consequences are massive loss of jobs and deflated demand for goods and services (too much debt, not enough earning potential).



IMHO...just the opposite. More expensive energy costs will not stimulate growth.

Massive loss of jobs and deflated demand for goods and services (too much debt, not enough earning potential) was simply explained by common people during the Great Depression as "nobody had any money".

:)

[cheka.]

IMHO...just the opposite. More expensive energy costs will not stimulate growth.

Massive loss of jobs and deflated demand for goods and services (too much debt, not enough earning potential) was simply explained by common people during the Great Depression as "nobody had any money".

:)




when energy is the one of the few remaining PRODUCING sectors......maybe not best to see it go in the sh-tter. high prices hurt competitors MORE.

US is at/near number 1 in oil AND natgas production. so a hit there hurts US more than non oil producers....like japan

everything is relative. claiming that cheap energy is good for every country is folly

[Jewboo]

...everything is relative. claiming that cheap energy is good for every country is folly.



http://media.carbonated.tv/19109_story__Screen-Shot-2013-07-24-at-8.18.48-AM.png http://media.carbonated.tv/19109_story__SPOTcopy.jpg
http://i.dailymail.co.uk/i/pix/2015/01/15/24BB09D700000578-0-image-a-5_1421352928450.jpg

http://ncwtv.com/nn/wp-content/uploads/2013/05/b225dubai-police-lamborghini-aventador-2.jpg

http://cdn.aquila-style.com/wp-content/uploads/2015/04/Prince-Mohammed.jpghttps://iconicphotos.files.wordpress.com/2011/05/marlboro-marine.jpg



:rolleyes:

[Cebu_4_2]

https://iconicphotos.files.wordpress.com/2011/05/marlboro-marine.jpg





Photoshop?

[mick silver]

The Baltic Dry Index has received a lot of coverage because it tracks shipping activity worldwide – and it has never been lower. Nobody is shipping much of anything