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Old 07-18-2008, 09:49 AM   #81
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So, you're getting some of your money back?
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Old 07-18-2008, 12:19 PM   #82
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Its just a tempering action.

A couple of years ago, prices shot up over $2 and everyone freaked out and sold their SUV's and paid way over sticker for hybrids or a POS 3rd car that was good on gas. Then it dropped back under $2 and we felt like we were getting a bargain on gas.

Last year the price shot up over $3 and everyone freaked out and sold their SUV's and paid way over sticker for hybrids or started driving that POS 3rd car again. Then it dropped back under $3 and we felt like we were getting a bargain on gas.

This year...well...substitute $4 for $3 in the last paragraph.

Guess whats going to happen next summer? :
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Old 07-19-2008, 04:28 PM   #83
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I've been looking for a chart showing the price of oil in Euro's or Yen. Anybody seen such a thing? My guess is that the last few year rise won't look nearly as steep.
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Old 07-19-2008, 05:18 PM   #84
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Only up until late last year, but it confirms your guess.

Oil Prices around the World: Do Exchange Rates Matter?
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Old 07-19-2008, 09:52 PM   #85
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I ask this question out of general ignorance on all things related to oil supply and prices. Are the high prices causing consumption to drop significantly nation wide? World wide? I'm not sure if there is enough hard data on this yet. Just wondering how this might play into the dropping prices.
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Old 07-19-2008, 09:58 PM   #86
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Last number I saw was that US consumption had dropped 2% over the same periods last year.
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Old 07-22-2008, 10:51 AM   #87
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If I have this much power over the oil market, maybe I should start rolling out my plans for world domination...
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Old 07-22-2008, 10:53 AM   #88
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Originally Posted by cute fuzzy bunny View Post
When I saw car companies offering the 3 year $2.99 gas cards bundled with their cars I figured a whole lot of actuaries spent a whole lot of time determining that 2.99 would be the average or higher than the average price of a gallon of gas for the next 3 years.
Would the gas card or the vehicle have MORE value after 12 months??
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Old 07-22-2008, 10:57 AM   #89
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Oh man, am I dying to buy some USO right now.
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Old 07-22-2008, 11:00 AM   #90
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If I have this much power over the oil market, maybe I should start rolling out my plans for world domination...
Please buy more USO. In fact, consider selling everything you own and pouring it all into USO. Consider the purchase to be your duty to your country.
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Old 07-22-2008, 11:19 AM   #91
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Please buy more USO. In fact, consider selling everything you own and pouring it all into USO. Consider the purchase to be your duty to your country.
I'm even steering tropical storms and hurricanes down into Mexico, apparently. Missing the platforms in the Gulf means lower oil.

Maybe I ought to see who can pay me more: American motorists and gulf coast residents or Mexico.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 07-22-2008, 11:43 AM   #92
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Ziggy, the price at the pump is still at its highest here in the Chicago area--what can you do for us?
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Old 07-22-2008, 11:57 AM   #93
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Maybe we can get him to invest in some refineries and some area gas stations?
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Old 07-22-2008, 12:04 PM   #94
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Ziggy, the price at the pump is still at its highest here in the Chicago area--what can you do for us?
Sorry, but there's no "Chicagoland Gasoline" ETF for me to help you....
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 07-22-2008, 03:24 PM   #95
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Ziggy thank you for your service to the board.

If you get out to Hawaii, when oil drops below $100 it should cheaper , I'll buy you dinner.
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Old 07-23-2008, 09:01 AM   #96
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We'll see if I can be the straw that breaks the camel's back, as if ziggy hasn't done enough for his country. Bought in for 22 shares at $102.50, we will see what happens.
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Old 07-23-2008, 02:21 PM   #97
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Ouch as of 2:00 pm--down to $100.09. A medal for Citric, too, for taking one for the team as of now.

Still waiting to see those prices at the pump fall--hope Citiric's influential in that area
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Old 07-23-2008, 02:22 PM   #98
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Shell right near me, dropped from $4.11 to $4.07 to $3.96
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Old 07-23-2008, 02:26 PM   #99
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Shell right near me, dropped from $4.11 to $4.07 to $3.96
How near you? You may only have a small range of influence.
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Old 07-23-2008, 06:29 PM   #100
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I must be a lot closer - it's down to $3.69 near the house and the cheapest in town is $3.64.
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