gas at $2.75, oil prices falling, and america producing more oil than anyone else
- Thread starter Goshin
- Start date
lol, people are not buying the Tesla because it is cheap to run. The Batteries alone negate any possible savings you thought you might gain. What do you suppose replacing them cost? How long do you think they are good for? 5 years? 10?
interesting theories as to why this is happening
some saying global economic slow down (global recession incoming?)
others saying Libya flooding the market so much that OPEC + Saudi are going to need to throttle back soon (supply vs. demand).
Libya
others predicting this is an orchestrated economic fuck you to nations like Iran and Russia. One that, even if it wasn't planned, is certainly hurting them right now.
Is the Russian economy on the verge of collapse?
Personally, I have no idea
some saying global economic slow down (global recession incoming?)
others saying Libya flooding the market so much that OPEC + Saudi are going to need to throttle back soon (supply vs. demand).
Libya
others predicting this is an orchestrated economic fuck you to nations like Iran and Russia. One that, even if it wasn't planned, is certainly hurting them right now.
Is the Russian economy on the verge of collapse?
Personally, I have no idea
- There is relative calm in the geopolitical landscape.
- Libya's surprisingly strong production was not priced into the market
- Iraq/Kurdistan are showing signs of stronger production at very low marginal costs
- Rather than cutting supply to prop up prices as before, some OPEC members are instead just trying to under bid each other for China's business
- Global oil production efficiencies are as high as they have ever been
The metric I've heard is that for every Million barrels of excess daily production the price drops ~ $10
- Libya's surprisingly strong production was not priced into the market
- Iraq/Kurdistan are showing signs of stronger production at very low marginal costs
- Rather than cutting supply to prop up prices as before, some OPEC members are instead just trying to under bid each other for China's business
- Global oil production efficiencies are as high as they have ever been
The metric I've heard is that for every Million barrels of excess daily production the price drops ~ $10
Yep if anything Obama has been the biggest hinderance on this. Hipster faggots (goshin) will not believe it.
dear rayn
your shit site hacked my appstore again and tried to get me to buy cookie jam app
why is this the only shit site that hax my app store
your shit site hacked my appstore again and tried to get me to buy cookie jam app
why is this the only shit site that hax my app store
probably because this site is shit
StapleMammal1
Contributor
thanks obama
oil falling to $80, america producing barrels for $76
Current at time of posting.
It's been a Global Recession for some time. The whole "Recovery" bullshit farce is becoming hard to hide now. The economic bubble is about to go
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My petrol costs 30% of what yours costs in Texas, and terrists are not trying to kill me. Irony anyone?
ironic like an alanis song
mitch living in
s keeps in order to keep the shitheads from finding him.StapleMammal1
Contributor
They might be now but they will get around to you.
After they get to your family first. Don't worry tho. They will make you watch.
Enjoy!