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Author Topic: BIBE-PJ GASOLINE GAME  (Read 9590 times)
SHANEA
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« Reply #30 on: October 17, 2007, 12:23:15 pm »
 eusa_boohoo
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SHANEA
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« Reply #31 on: October 29, 2007, 01:19:15 pm »
I don't like these directions...

I sense $100bbl very soon.  Whatever happened to the $28 benchmark?  I've heard of a free fall, but never a free rise. 

and, of course Exxon-Mobil still haven't paid up for the Valdez accident...

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« Last Edit: October 29, 2007, 01:22:11 pm by SHANEA » Logged
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« Reply #32 on: October 31, 2007, 01:32:11 pm »
Out of Control!

Crude Oil up $3.80 bbl today to close at $94.18 bbl.

Obviously the Fed is not purchasing groceries or petro where I am, cause inflation has been a concern of the common man/women for a long time...  Oh that's right, the government's inflation numbers exclude the volatile food and energy sectors!   eusa_doh

Fed cuts rates to 4.5%
Citing turmoil in the housing market, Bernanke and Co. lower a key short-term rate by a quarter of a point to keep the economy on track. But the central bank also said it's worried about inflation - news that spooked the markets.

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« Last Edit: October 31, 2007, 01:35:32 pm by SHANEA » Logged
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« Reply #33 on: October 31, 2007, 02:14:51 pm »
Still cheaper than Starbucks
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« Reply #34 on: October 31, 2007, 03:05:20 pm »
Quote from: badknees on October 31, 2007, 02:14:51 pm
Still cheaper than Starbucks

I don't drink Starbucks and can't think of any other use for it than killing weeds, but then I'm not concerned enough about weeds to do anything to them.
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« Reply #35 on: October 31, 2007, 04:43:49 pm »
Quote from: badknees on October 31, 2007, 02:14:51 pm
Still cheaper than Starbucks

Unfortunately, the elasticity of Starbucks is not even in the same league as petro.  There are very few, any, viable alternatives to petro.  I can easily walk by the Starbucks w/o even being tempted.  I can make it for pennies at home.  I wish I could make petro at home.  We are over the proverbial barrel, so to speak...   cool 
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« Reply #36 on: October 31, 2007, 06:32:05 pm »
My point was........It is still one of the cheapest commodities you can buy.

Think of it this way:

Drill and complete a 12,000 ft hole in the ground ( est $4.0M on land and maybe $20.0 M+ offshore) + high risk
Transport
Refine
Transport
Wholesale distribute
Transport
Retail Distribute

Everyone one along the works for a profit - Capitalism

And still less than 3 bucks a gallon!

Economic reality.

My opinion- Everyone is entitled to theirs eusa_angel
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« Reply #37 on: October 31, 2007, 08:26:46 pm »
Quote from: badknees on October 31, 2007, 06:32:05 pm

Everyone one along the works for a profit - Capitalism

And still less than 3 bucks a gallon!

Economic reality.

My opinion- Everyone is entitled to theirs eusa_angel

OPEC <> Capitalism

Oligopoly <> Capitalism

Windfall Profit <> Capitalism

Normal Profit = Capitalism.

My opinion- Everyone is entitled to theirs eusa_angel

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« Reply #38 on: November 01, 2007, 08:11:40 am »
Almost!  Come on baby, come to pappa!

Do I hear $100?  How about $150?  How about $200?  There is no limit.   Willy Nilly

I sure wish I worked for an oil company so that I too could share in the windfall profits.  It's my understanding that employees of Exxon-Mobil get free gasoline.  They have this little secret credit card that allows them to get free gasoline when they pull up to the pump.  Only bad thing is that there are no Exxon-Mobil stations out in BIBE or Terlingua/Study Butte.   cheesy cheesy cheesy cheesy cheesy cheesy  (I'm joking - inside joke...)

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« Reply #39 on: November 01, 2007, 08:27:51 am »
Quote from: SHANEA on November 01, 2007, 08:11:40 am
I sure wish I worked for an oil company so that I too could share in the windfall profits.

Do the next best thing. Buy stock in the companies.
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« Reply #40 on: November 01, 2007, 08:41:37 am »
Quote from: SHANEA on November 01, 2007, 08:11:40 am
Almost!  Come on baby, come to pappa!

Do I hear $100?  How about $150?  How about $200?  There is no limit.   Willy Nilly

I sure wish I worked for an oil company so that I too could share in the windfall profits.  It's my understanding that employees of Exxon-Mobil get free gasoline.  They have this little secret credit card that allows them to get free gasoline when they pull up to the pump.  Only bad thing is that there are no Exxon-Mobil stations out in BIBE or Terlingua/Study Butte.   cheesy cheesy cheesy cheesy cheesy cheesy  (I'm joking - inside joke...)







I wish it was free.....   
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« Reply #41 on: November 01, 2007, 11:10:25 am »
Quote from: STARLITDARKNESS3 on November 01, 2007, 08:41:37 am
Quote from: SHANEA on November 01, 2007, 08:11:40 am
Almost!  Come on baby, come to pappa!

Do I hear $100?  How about $150?  How about $200?  There is no limit.   Willy Nilly

I sure wish I worked for an oil company so that I too could share in the windfall profits.  It's my understanding that employees of Exxon-Mobil get free gasoline.  They have this little secret credit card that allows them to get free gasoline when they pull up to the pump.  Only bad thing is that there are no Exxon-Mobil stations out in BIBE or Terlingua/Study Butte.   cheesy cheesy cheesy cheesy cheesy cheesy  (I'm joking - inside joke...)

I wish it was free.....   


Companies shouldn't make money off of their employees  eusa_doh
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SHANEA
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« Reply #42 on: November 01, 2007, 06:25:52 pm »
Oil prices reached a new record high of $96.24 a barrel in electronic trading earlier Thursday. But light, sweet crude for December settled 42 cents lower to $93.07 a barrel in afternoon trade on the New York Mercantile Exchange.
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« Reply #43 on: November 01, 2007, 06:40:18 pm »
Still Cheaper than milk.
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badknees
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« Reply #44 on: November 01, 2007, 06:51:14 pm »
Quote from: badknees on November 01, 2007, 06:40:18 pm
Still Cheaper than milk.


Elasticity of milk much higher than gasoline... eusa_angel
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