Oil Prices Question

Chapdog said:
Seriously.. what is driving the price of oil up at such a fast rate?

at this time last year it was $60 a barrel. its now 110.
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Speculative investment. It's a bubble and it's as likely to crash and go back to $30 as it is to go up further. Eventually it will correct itself. NPR had a good piece on this the other day. It's not a function of demand since supply already exceeds demand.
 
USGED
I'm glad you routinely called out on being the ignorant baffoon you are.
Venezuala and Chavez over exxon and hundred thousand hard working americans all with more education than you.
You really are dumber than desh, and you barely can read the moveon.com talking points.:pke:
 
1b is right, eventually oil will crash. Though it won't be very shortly and it won't be long.
I challenge the anti oil twits to tell me how many cars China has on the road now vs 10yrs ago.
 
uscitizen said:
I did make that post a bit tounge in cheek...But he is using his countrys resources for the good of his country instead of letting it be exploited by foreign corporations.
And he does seem to be improving the standard of living for his people. I give credit where credit is due.
Unike some who discount everything good because of the socialist label.

Who is really thinking ?
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Yeah, the good of the people.... nothing says "I'll take care of the people" like a good old fashioned food shortage.
 
ib1yysguy said:
Speculative investment. It's a bubble and it's as likely to crash and go back to $30 as it is to go up further. Eventually it will correct itself. NPR had a good piece on this the other day. It's not a function of demand since supply already exceeds demand.
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LMAO...

ok, perhaps you were exagerrating to make a point. Speculation is certainly involved. But oil was held at artificially low levels for decades. Take away speculation and oil still remains above $70 barrel off of increased demand without corresponding increases in supply. Factor in the continuing decline in the value of the dollar and you are not going to see oil below $80 anytime soon.... if ever.

Side note wiseguy.... if all the worlds central banks continue to pump fiat money into the system at present rates.... you could very well see oil at $150 by the end of the year.

As toppy mentioned.... once you see the infrastructure built up in China and India you are going to see them driving more. Which will put more pressure on oil. Add in Tata's new $2500 car and you will see an escalation of drivers as well...
 
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Topspin said:
USGED
I'm glad you routinely called out on being the ignorant baffoon you are.
Venezuala and Chavez over exxon and hundred thousand hard working americans all with more education than you.
You really are dumber than desh, and you barely can read the moveon.com talking points.:pke:
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moveon.com it is moveon.org and i have not been there in probably 2 years.

Greedtard.
You will get exactly what you deserve in the long run.
 
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you'll keep buying gas you ignorant tard, and I'll keep profiting from your hypocritical purchase you trailor trash poser.
 
Ohh I will keep buying gas, just not as much. Get your blankie and go to bed little boy. That is what I am going to do now. No thumbsucking now!
 
ib1yysguy said:
The oil bubble is going to pop and you're going to be crying your poor ass off.
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Expect to be challanged to a duel soon. We have called Topspin gay, stupid, poorly grounded in spelling, grammar and syntax, a douchebag, a pissant and even a cross-dresser, but we have never dealt such a low blow as "poor."

Fool. :cuss:
 
uscitizen said:
I did make that post a bit tounge in cheek...But he is using his countrys resources for the good of his country instead of letting it be exploited by foreign corporations.
And he does seem to be improving the standard of living for his people. I give credit where credit is due.
Unike some who discount everything good because of the socialist label.

Who is really thinking ?
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thinking? you are repeating false talking points. Do a modicum of research. Life is not improving in Venezuela for the people. Look at the food shortage they having for example. Oh yeah he spews great populist rhetoric but the results do not come close to matching.

Look at the results of economic populism in Latin America over the last decade. The results speak for themselves. There is a reason they are so far behind over developed countries. Blowhards like Chavez come in preaching this great economic populism that the people buy and never produce results.

If I may use two of your favorite terms its the "stupit sheeple" (like yourself?) that eat up Chavez's rhetoric.
 
uscitizen said:
Good question, and can it be used in place of propane and how would the costs compare ?
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I actually am the webmaster for nexgenfueling.com. I got a chance to talk to one of the people that 'market' this stuff yesterday, though we talked more about the new modular pipe that we came out with so I can put a new program out there for Praxair and Airgas to use. I'm going to start asking questions and I'll get you and information I know other than what is put on their website.

I also know that this is used all over the place, but not in huge numbers. It's kind of experimental but it seems to be working well.
 
usc... They just called me to rebuild the site! This is going to be fun. Anyways, here is what I got from their brochure that they want me to build the site off of.

"Liquefied Natural Gas is a cryogenic fluid that is commonly referred to as LNG. LNG provides similar benefits of other liquid fuels but with the clean burn of natural gas. LNG powered vehicles produce far less pollution than those fueled by conventional diesel or gasoline. Fuel burning industrial applications benefit from LNG by reducing pollutants along with lower operational costs."

We just got a request in from India today, where a client wants a 200,000 gallon/a day plant.
 
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