Well PENNYWALK, I didn't read all the replys YET but thought I'd throw my opinion in before I got swayed by others opinion! Your Subject tilte was " What happened to the gas crisis?" well I don't beleive it was a gas crisis but a price crisis! I'm at a loss to think where it is going to end!
What Happened to the gas crisis
- Thread starter pennwalk
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Alan L.
Elite Member
If you think the oil companies have a bird nest on the ground, then you should invest in an oil well. There is a good chance you will lose all your money, a better chance you will break even, and a small chance you will make a lot of money. These are the risks the oil companies take, and there is a finite amount of production available for them to sell. If I was them I would get all I can get before it runs out.
I don't understand why some people think that certain commodities are owed to them at a price they think its worth. Free enterprise doesn't work that way. Nobody is holding a gun to your head to buy their product. Buy a fuel efficient vehicle or get a bicycle if you don't like it.
The market will determine when an alternative fuel source will be economically feasible. Right now, oil is the cheapest source.
I don't understand why some people think that certain commodities are owed to them at a price they think its worth. Free enterprise doesn't work that way. Nobody is holding a gun to your head to buy their product. Buy a fuel efficient vehicle or get a bicycle if you don't like it.
The market will determine when an alternative fuel source will be economically feasible. Right now, oil is the cheapest source.
ejtaylor822
Gold Member
Alan,
I admit you make a good point about the oil companies taking risk. They should be compensated for this - I have no problem with that on any level what so ever.
Where I have one of my problems is what someone else eluded to earlier: The Exxon down the road was selling gas at $3.00/gl this morning, this evening it's $3.30/gl. It's the same gas that was in the tank this morning that was delivered yesterday, but, a few hours later it's higher. /forums/images/graemlins/confused.gif /forums/images/graemlins/confused.gif
I admit you make a good point about the oil companies taking risk. They should be compensated for this - I have no problem with that on any level what so ever.
Where I have one of my problems is what someone else eluded to earlier: The Exxon down the road was selling gas at $3.00/gl this morning, this evening it's $3.30/gl. It's the same gas that was in the tank this morning that was delivered yesterday, but, a few hours later it's higher. /forums/images/graemlins/confused.gif /forums/images/graemlins/confused.gif
Junkman
Super Member
</font><font color="blue" class="small">( If you look at Exxonmobil online all the billions they make, look at the stock price over 6 months...pretty flat.
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A year ago is was just slightly over the $48 mark... on 9/16 it closed at $63.70 and was up a $1.24 for the day. The end of June, it was $57.50. Is that what you call flat?? Three years ago it was $33. As a comparison, GE closed yesterday at $34.47 and a year ago it was $34.25 and 3 years ago, it was barely touching $25. Seems that only the oil stocks are moving and we all know the reason why.
)</font>
A year ago is was just slightly over the $48 mark... on 9/16 it closed at $63.70 and was up a $1.24 for the day. The end of June, it was $57.50. Is that what you call flat?? Three years ago it was $33. As a comparison, GE closed yesterday at $34.47 and a year ago it was $34.25 and 3 years ago, it was barely touching $25. Seems that only the oil stocks are moving and we all know the reason why.
Dargo
Super Member
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Holy cow! Drop by the good 'old midwest. We generally enjoy lower prices than most of the country. However, I think our gas stations are making up for lost profit!! Only in the last day has prices dropped below $3 a gallon for regular unleaded. /forums/images/graemlins/frown.gif It sort of gets me when I have a buddy send a pic to my phone from downtown Sacramento and their gas prices are cheaper than in Evansville, IN!
I'm buying a moped!!
I'm buying a moped!!
Junkman
Super Member
Gas has gotten so expensive, that even my dog has stopped F**TING!!!! /forums/images/graemlins/grin.gif /forums/images/graemlins/grin.gif /forums/images/graemlins/grin.gif
</font><font color="blue" class="small">(
A year ago is was just slightly over the $48 mark... on 9/16 it closed at $63.70 and was up a $1.24 for the day. The end of June, it was $57.50. Is that what you call flat?? Three years ago it was $33. As a comparison, GE closed yesterday at $34.47 and a year ago it was $34.25 and 3 years ago, it was barely touching $25. Seems that only the oil stocks are moving and we all know the reason why. )</font>
I said 6-months here did I not? Again it has been around 57 to 60 in the last six month...Nothing to write home about. Only in the last weekit has gone up a little bit (over 60). Nothing again to right home about.
A year ago is was just slightly over the $48 mark... on 9/16 it closed at $63.70 and was up a $1.24 for the day. The end of June, it was $57.50. Is that what you call flat?? Three years ago it was $33. As a comparison, GE closed yesterday at $34.47 and a year ago it was $34.25 and 3 years ago, it was barely touching $25. Seems that only the oil stocks are moving and we all know the reason why. )</font>
I said 6-months here did I not? Again it has been around 57 to 60 in the last six month...Nothing to write home about. Only in the last weekit has gone up a little bit (over 60). Nothing again to right home about.
