How long before Oil Prices go thru the roof with Republicans in office again

Shroominnm

Shroominnm

Well-Known Member
Admitting you have a problem is the first step to recovery, no?
I get covered in crude oil for a living.. you get covered in oil that smells like pansies for enjoyment..
I think my point is clearly mplied.
Your opinion is irrelevant.
Enough said

Plus, I don't figure gas prices matter that much to you anyway... because I assume you drive a little pink prius .

stay smokin'
 
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NLXSK1

NLXSK1

Well-Known Member
Bear420 said:
Seems every time the Republicans win office our Gas and Oil prices go thru the Roof
I will go as far to say the Prices of fuel will increase to over $5.00 a gallon for gas, and Propane and Natural gas prices will also increase.
Our fuel prices have been stable for 8 years now, Lets see what will happen now. I know see it before and it is coming again.
I really hope I am wrong, but as with the last 3 republicans fuel prices went sky high.
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Since trump is talking about drilling in Anwar I dont think it is going to skyrocket.
 
NLXSK1

NLXSK1

Well-Known Member
Increasing the supply of oil does what to the market?

Bueller?.. Bueller??.. Bueller???...
 
Uberknot

Uberknot

Well-Known Member
Considering they just found a huge oil field in Texas....I dont see any kind of huge price increase coming.

http://www.cnn.com/2016/11/17/us/midland-texas-mammoth-oil-discovery/



Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey.

The Midland Basin of the Wolfcamp Shale area in the Permian Basin is now estimated to have 20 billion barrels of oil and 1.6 billion barrels of natural gas, according to a new assessment by the USGS.
That makes it three times larger than the assessment of the oil in the mammoth Bakken formation in North Dakota.
The estimate would make the oilfield, which encompasses the cities of Lubbock and Midland -- 118 miles apart -- the largest "continuous oil" discovery in the United States, according to the USGS.
 
Shroominnm

Shroominnm

Well-Known Member
Uberknot said:
Considering they just found a huge oil field in Texas....I dont see any kind of huge price increase coming.

http://www.cnn.com/2016/11/17/us/midland-texas-mammoth-oil-discovery/



Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey.

The Midland Basin of the Wolfcamp Shale area in the Permian Basin is now estimated to have 20 billion barrels of oil and 1.6 billion barrels of natural gas, according to a new assessment by the USGS.
That makes it three times larger than the assessment of the oil in the mammoth Bakken formation in North Dakota.
The estimate would make the oilfield, which encompasses the cities of Lubbock and Midland -- 118 miles apart -- the largest "continuous oil" discovery in the United States, according to the USGS.
Click to expand...

Yes I aggree the Permian Basin is the place to be, stretches from West Texas to new Mexico. And I don't plan on leaving it anytime soon. Weve got several wolf Camp Wells l, as well as xy. It's not uncommon for them to make 700-1000 barrels of oil a day while unloading. ( several million mcf of gas also) And it's always the nice, clear oil too.

stay smokin'
 
Grandpapy

Grandpapy

Well-Known Member
Uberknot said:
Considering they just found a huge oil field in Texas....I dont see any kind of huge price increase coming.

http://www.cnn.com/2016/11/17/us/midland-texas-mammoth-oil-discovery/



Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey.

The Midland Basin of the Wolfcamp Shale area in the Permian Basin is now estimated to have 20 billion barrels of oil and 1.6 billion barrels of natural gas, according to a new assessment by the USGS.
That makes it three times larger than the assessment of the oil in the mammoth Bakken formation in North Dakota.
The estimate would make the oilfield, which encompasses the cities of Lubbock and Midland -- 118 miles apart -- the largest "continuous oil" discovery in the United States, according to the USGS.
Click to expand...
http://www.cnbc.com/2015/10/25/chinese-investment-company-to-buy-texas-oil-fields-for-13b.html

Things are looking up for China.
 
Grandpapy

Grandpapy

Well-Known Member
Uberknot said:
We've been selling out to them since Reagan.

Ye ole trickle down working wonders.
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We sold the eggs not the Chickens.

NEW YORK, Aug. 2 -- Chinese oil company Cnooc Ltd. on Tuesday withdrew its $18.5 billion takeover bid for California energy firm Unocal Corp., saying it could not overcome resistance from politicians in Washington who said such a deal could threaten U.S. national security and violate the rules of fair tradehttp://www.washingtonpost.com/wp-dyn/content/article/2005/08/02/AR2005080200404.html
 
ttystikk

ttystikk

Well-Known Member
Grandpapy said:
We sold the eggs not the Chickens.

NEW YORK, Aug. 2 -- Chinese oil company Cnooc Ltd. on Tuesday withdrew its $18.5 billion takeover bid for California energy firm Unocal Corp., saying it could not overcome resistance from politicians in Washington who said such a deal could threaten U.S. national security and violate the rules of fair tradehttp://www.washingtonpost.com/wp-dyn/content/article/2005/08/02/AR2005080200404.html
Click to expand...
Frame this. It's rare proof that politicians CAN do the right thing. All we need to do is hold them accountable.
 
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