Good News For Your Wallets - More Collapse of Oil UPDATED WITH GOOD NEWS

Discussion in 'The Howard Stern Show' started by MyLazyHand, Nov 27, 2014.

  1. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    [​IMG] [​IMG]



    The price of crude oil continues to plummet. Crude is down another $4 per barrel in the last two days, and the price of gasoline is falling off a cliff. WTI Crude is down to $72.00 per barrel as I post this.

    Overnight, the price for gasoline dropped 6 cents in trading markets to $1.98 at the gate (the refinery). Add roughly 60 cents per gallon (delivery and taxes) and it means $2.58/gallon at the average gas station within a week or so.

    Not all states have the same taxes or proximity to refineries, so you might pay a bit more or less, but the trend is for cheaper gasoline.

    North America is on pace to be completely oil-independent within 18 months. We won't need a drop of foreign oil.



    Now, the bad news:

    * Venezuela is in the process of absolutely collapsing under the socialists. They get almost all of their money from oil. This further drop in oil prices will probably lead to civil war.

    * Russia is more likely to do something stupid as their oil revenue dwindles. Russia is a major oil exporter.
     
    Last edited: Nov 27, 2014
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  2. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    We empowered the camel fuckers by being junkies for their oil...:facepalm:
     
  3. Shithead

    Shithead Well-Known Member

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    Hope all the speculators are driving off a cliff
     
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  4. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    And the reasons for the price collapse are many:

    * We're finding more and more oil everywhere we look. The USA is now the world's largest oil producer (again).
    * US oil production is up 80% since 2008.
    * Our vehicles are becoming hugely fuel efficient. Ford is coming out with an aluminum F-150 pickup truck which will get 26+MPG.
    * The commodities cycle rotates every few years and drops the prices very low. The drop has started.
    * The OPEC nations need all the cash they can get and haven't been willing to slash production to prop up the price.
    * The US Dollar is gaining in strength, so it takes fewer dollars to purchase the same oil.
    * We're moving Dakota oil by rail. It's turned out to be a highly efficient means to transport North American product.


    Experts are predicting $50/barrel oil, and $2.00/gallon gasoline by this time next year.

    Enjoy!
     
    Last edited: Nov 27, 2014
  5. balloon knot

    balloon knot Well-Known Member

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    thanks obama
     
  6. Winst

    Winst Well-Known Member VIP

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    More/wider war(s).....soon. .... :whistle:


    ........... :bigthink
     
    Last edited: Nov 27, 2014
  7. Pigsaw

    Pigsaw Well-Known Member

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    Thanks Obama.
     
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  8. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    When Obama took office in January 2009, the price for gasoline averaged $1.81 per gallon.

    During Obama's tenure as President, gasoline prices have averaged the highest in history.

    Gas prices went up 50% just in Obama's first year, and 100% in Obama's first 30 months in office.
     
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  9. Tiggs

    Tiggs Well-Known Member

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    Part of the is that OPEC countries want to thwart production and development of burgeoning oil industry in the US. The break even point of many fracking shale oil type operation occurs when oil barrel is around $80-90. However, Libya's oil production has also come back on line and demand is softening in China which has further depressed oil price. This has shot down oil barrel price in the $60's. Yaay for us for now. There is only finite amount of oil, and I would rather that it sells for $60 then $135. Fuck the kids. They are selfish anyway.
     
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  10. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    Good! NOW can we nuke them filthy Arabs and the whole MiddleEast back to the stone age? :yay:
     
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  11. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    I never bought that line... And I'm relatively conservative
     
  12. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    1. No need to waste nukes
    2. Just need to contain them as they get more desperate and try to expand
    3. The Stone Age would be an improvement
    4. Go see Dubai while it's still worth seeing
     
  13. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Never bought it? The government keeps track of prices at EIA.gov

    Feel free to look it up. It's not a conspiracy.


    And the US President doesn't have that much control over commodity prices. When we were printing money like Zimbabwe, the value of the dollar plummeted and confidence in the USA waned, so that part of the oil prices was our contribution.

    But it's not as though Obama is pro-US oil. He and his team hate the notion of getting away from Saudi oil. He wants us to keep sending cash to the guys covered in robes.

    I get really excited at the prospect of taking control of our energy future and telling the towel heads to fuck off. Anyone who is against that is against the USA.
     
  14. imissalison

    imissalison f**k Mutt

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    I live in Michigan, and any reduction in the price of the barrel will be going towards a "new" gas tax about to pass. They let our roads here get so bad, everyone is up in arms. NO OTHER CHOICE BUT TO RAISE TAXES!!! I've been working since I was 14, never taking a dime of Uncle Sam's money. I'm really tired of giving them more and more of my check. I need to move to a less Democratic state. (See Detroit).
     
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  15. balloon knot

    balloon knot Well-Known Member

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    what a great speaker
     
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  16. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    Where are you bitches that questioned my professional opinion on this when I told you cunts that it was not based on "The Elections".......You know who you are......Nyuk, Nyuk!!!!!
     
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  17. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    What the hell is with that commercial inviting investors to come to Kazakstan?!
    Rae Stern: " Are you crazy?!"
     
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  18. unclefreddy

    unclefreddy Well-Known Member

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    Also add this into the equation, renewable energy. 20% of electricity in CA is produced by renewables and other states such as TX, Arizona and others aren't that far behind. This will be big when you can put solar on your roof or have a quick set up in your backyard. You can even sell the energy you don't need back to the electric company. Prices for these types of energy creation are getting cheaper by the day and are close to parity in some situations. In addition, batteries are getting better also so storing energy when there isn't sunshine for a week or a few days makes it more practical.
     
  19. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    It's possible that in five years, the USA will be the world's largest producer of oil, natural gas, and nuclear power.



    And if Lockheed Martin has figured out their fusion reactor, the USA will immediately become dominant on every level. A successful fusion reactor which will run on heavy water will change everything.

    http://www.lockheedmartin.com/us/ne...d-martin-pursuing-compact-nuclear-fusion.html


    Lockheed Martin Pursuing Compact Nuclear Fusion Reactor Concept


    PALMDALE, Calif., Oct. 15, 2014 – The Lockheed Martin [NYSE: LMT] Skunk Works® team is working on a new compact fusion reactor (CFR) that can be developed and deployed in as little as ten years. Currently, there are several patents pending that cover their approach.

    While fusion itself is not new, the Skunk Works has built on more than 60 years of fusion research and investment to develop an approach that offers a significant reduction in size compared to mainstream efforts.

    “Our compact fusion concept combines several alternative magnetic confinement approaches, taking the best parts of each, and offers a 90 percent size reduction over previous concepts,” said Tom McGuire, compact fusion lead for the Skunk Works’ Revolutionary Technology Programs. “The smaller size will allow us to design, build and test the CFR in less than a year.”

    After completing several of these design-build-test cycles, the team anticipates being able to produce a prototype in five years. As they gain confidence and progress technically with each experiment, they will also be searching for partners to help further the technology.
     
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  20. yaddc

    yaddc Well-Known Member

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    I thought it would never fall. My Tahoe says thank you. 13 mpg.
     
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