gas prices, take 2 |
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gas prices, take 2 |
scotty914 |
Aug 29 2005, 02:39 PM
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#1
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suby torque rules Group: Members Posts: 1,528 Joined: 20-July 03 From: maryland, the land of 25 year Member No.: 924 |
okay with the hurrican i have been watching a lot of fox news. according to opec they will pump more oil to help. here is the crazy part opec is going to hold a meeting next month to figure out why gas prices are as high as they are, they stated the opec pumps and sells the oil at 12 per barrel.
so who ever is buying the oil at 12 per barrel is marking it up to a current price of 67 a barrel, i wonder if this is along the lines of enron, artificially marking up the oil. i have read a few things lately about oil wells, some thing like 70 % of the wells that were dry 10 to 20 years ago now have oil in them again, and but that they mean full flow pumping, not partial. right now there is a 55 billion gallon oil surpluse ( just heard it ) in storage in this country. |
JB 914 |
Aug 29 2005, 11:08 PM
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Daddy! Finish my car NOW!!! Group: Members Posts: 1,593 Joined: 26-September 04 From: Garden Grove, CA Member No.: 2,831 |
Me too. i grew up in Texas and lived in Houston during the boom and bust. i remember the bumper stickers during the boom. "last one out of Michigan, turn out the lights" during the bust it was: " Please lord, give us $40 a barrel oil and we promise not to piss it all away this time" I started college as a Geology major. I switched majors when one of my Frat brothers with a masters degree in Geology took a job at 7-11. It was that bad in the 80's. oil wells are filling up. (IMG:http://www.914world.com/bbs2/html/emoticons/rolleyes.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/wacko.gif) wanna buy some land? Because you read it on the web it must be true? |
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