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"Oil price drops by most in 17 years"

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General interest discussions, not necessarily related to depletion.

Re: "Oil drops by most in 17 years"

Unread postby Troyboy1208 » Fri 18 Jul 2008, 11:57:19

Micki where did you get that awesome Avatar!!??
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby Bas » Fri 18 Jul 2008, 12:19:53

This is resulting, right now in a defacto shift of oil use from the West to the East (China etc) like many of us have been expecting for years, this may continue for quite a while too, even past peak oil (if we haven't peaked already) after which oil use may go down faster in the West than it does in the east as the marginal production opportunities created by oil are and be greater there than it is in the US and, to a much lesser extent but also in Europe. It will all converge at some point though.
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby joeltrout » Fri 18 Jul 2008, 12:28:30

The US is welcoming demand destruction and after the Olympics China will usher it in also.

$80 oil here we come. Good thing $80 is still high.

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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby FoxV » Fri 18 Jul 2008, 14:44:41

$this->bbcode_second_pass_quote('joeltrout', 'T')he US is welcoming demand destruction and after the Olympics China will usher it in also.

$80 oil here we come. Good thing $80 is still high.

joeltrout

Will never happen. If oil drops to $80, then any demand drop in the US will be quickly picked up by the many countries with subsidized fuel that are experiencing shortages right now (particularly India and China)

The other part to the oil price equation is the USD. We've only started the banking collapse. There's a lot more write-offs to go yet (and lets not forget Freddie and Fannie are about to go belly-up). If oil drops to $80, Fed rate drops to 0%.

Oil may reach $100 from a technical swing, but barring something like a world pandemic, we'll never see oil in single digits again.
Last edited by FoxV on Fri 18 Jul 2008, 14:53:29, edited 1 time in total.
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby frankthetank » Fri 18 Jul 2008, 14:46:15

People still driving like crazy up in these parts. I really haven't noticed much of a decrease. The price goes back down a buck a gallon and people will start buying SUV's again.
lawns should be outlawed.
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby kublikhan » Fri 18 Jul 2008, 16:25:21

$this->bbcode_second_pass_quote('FoxV', 'w')e'll never see oil in single digits again.
Really going on a limb with that prediction :)
The oil barrel is half-full.
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby eastbay » Fri 18 Jul 2008, 16:36:45

$this->bbcode_second_pass_quote('frankthetank', 'P')eople still driving like crazy up in these parts. I really haven't noticed much of a decrease. The price goes back down a buck a gallon and people will start buying SUV's again.



What he said.


Same here. Roads are still jam packed with cars and trucks driving on $4,25 gas and $4.90 diesel.

One storm, one severe ME sabre rattling, one anything and it's straight back to $145.00 and more.
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Re: U.S. Fuel Use Drops Most in 17 Years

Unread postby shortonoil » Fri 18 Jul 2008, 17:39:38

frankthetank said:

$this->bbcode_second_pass_quote('', 'P')eople still driving like crazy up in these parts. I really haven't noticed much of a decrease. The price goes back down a buck a gallon and people will start buying SUV's again.


The last vestiges of a dying credit economy. They’ll slow down when their bank goes bust or pulls their HELOC and credit cards.
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Re: "Oil drops by most in 17 years"

Unread postby Micki » Sun 20 Jul 2008, 21:11:47

Hmmm...don't even remember.
I save pics that I think I may want to use in the future to my HD whenever I come across them.

It is actually just a trick of the camera that isn't well seen when the picture is cropped. The dog is jumping after a frisbee or something that the lady is holding just in front of her. (Appologies if anyone is disappointed) Thought the effect came out quite well after cropping it.
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Re: "Oil drops by most in 17 years"

Unread postby killJOY » Sun 20 Jul 2008, 21:23:05

Once Dolly hops into the Gulf and gets her feet wet, maybe we'll have the largest INCREASE in oil in 17 years!

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Re: "Oil drops by most in 17 years"

Unread postby evilgenius » Sun 20 Jul 2008, 23:21:30

There is no way that market manipulators can arrest the oil price curve. Demand destruction can, however, accomplish that. As we enter the peak period, which may last a while, we should be prepared for wild price fluctuations in which there is real uncertainty in the markets as to which way things will go. No one should be surprised if we see oil at $85 sometime in the fall. Neither should they offer any exclamation if we see $200 in two years. This is going to be a wild ride!
When it comes down to it, the people will always shout, "Free Barabbas." They love Barabbas. He's one of them. He has the same dreams. He does what they wish they could do. That other guy is more removed, more inscrutable. He makes them think. "Crucify him."
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Re: "Oil drops by most in 17 years"

Unread postby rdsaltpower » Fri 25 Jul 2008, 15:17:02

Gas fell today from 4.03 to 3.99.
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Re: "Oil drops by most in 17 years"

Unread postby Cashmere » Fri 25 Jul 2008, 16:00:00

$this->bbcode_second_pass_quote('rdsaltpower', 'G')as fell today from 4.03 to 3.99.

Holy Jeez - quick, let me fire up the Winnebago.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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