Oil hits $$ 50
- Thread starter graveler
- Start date
Obama and energy
As Ollie said,
"As for Obama, he has already stated in the past that he thought the price of gas would have to be 5 dollars a gallon or higher to force americans to be more enviromentally friendly and conserve. He has stated he would stop any and all off shore drilling, any drilling in sensative areas (defined I am guessing by his handlers in the enviro-nazi movement) as well as oppose any new drilling he could. You will see oil rebound under Obama, but don't worry, he will tax the oil companies out of buisness along the way."
Obama wants higher gas prices to "cost-force" lower demand, wants much higher fleet MPG standards including trucks (bye bye tow vehicles), wants to impose "carbon tax" on on gas burning vehicles and power plants ( again to make energy costs extremely high which makes overpriced alt energy then seem reasonable).
He may immediately issue exec order to stop some western states drilling.
Supports huge tax increases on oil companies- so who ultimately pays those??
Supports much more wilderness. Let's do a poll as to how much new wilderness under him, to the nearest million acres since it will be several million.
Make no mistake-- he is no friend of snowmobilers.
As Ollie said,
"As for Obama, he has already stated in the past that he thought the price of gas would have to be 5 dollars a gallon or higher to force americans to be more enviromentally friendly and conserve. He has stated he would stop any and all off shore drilling, any drilling in sensative areas (defined I am guessing by his handlers in the enviro-nazi movement) as well as oppose any new drilling he could. You will see oil rebound under Obama, but don't worry, he will tax the oil companies out of buisness along the way."
Obama wants higher gas prices to "cost-force" lower demand, wants much higher fleet MPG standards including trucks (bye bye tow vehicles), wants to impose "carbon tax" on on gas burning vehicles and power plants ( again to make energy costs extremely high which makes overpriced alt energy then seem reasonable).
He may immediately issue exec order to stop some western states drilling.
Supports huge tax increases on oil companies- so who ultimately pays those??
Supports much more wilderness. Let's do a poll as to how much new wilderness under him, to the nearest million acres since it will be several million.
Make no mistake-- he is no friend of snowmobilers.
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Gas futures @1.04 implies $42 barrels of oil.http://www.bloomberg.com/markets/commodities/energyprices.html If we're taxed like serfs though, saving a few thousand/yr on gas won't make up the difference.
O
Ollie
ACCOUNT CLOSED
The bubble we were discussing 5 months ago burst.
When something like that happens the prices will ALWAYS drop WAY below were they should be, just as the prices were way above where they should have been before.
I think you will see oil come back up to around 60 - 70 a barrel by march - april. Oil needs to be at around the 60 a barrel mark to make exploration and development cost effective and it needs to be at least 60 a barrel to justify the huge expense of developing alternatives.
At over 80 a barrel it starts to hurt the economy of countries. That is why I am saying 60 - 70 a barrel.
Just as we had the "I can't afford to drive to work" crowd in may and june, now we will have the sky is falling when oil bottoms out (which is where it is).
D
diggerdown
Well-known member
You can sleep well, knowing you have the Obama team watching out for our best interest. Now they have Al Gore's best advocate running the EPA (waxman) you can be sure fossil fuel burners will get hit with enough extra taxes to keep the search for alternatives active!
Nothing like having a green democate from Cal. running things.
$48
Why am I still paying $2.79 here in Ak.
Its called supply and demand not bush cheney or opec cartels. Demand sent prices high enough to force millions to buy economy cars and learn how to conserve. Now we are all so butt hurt that we are still conserving at 1.80/gal to try and make up for the past prices. Not to mention the econ is in the tank. If you didn't know they made so much freakin money you could feel bad for Oil industry. Their prices are well below other markets in terms of inflation and when things slowed down oil dropped but other things are staying high.
Oil
I just called for a tank of heating oil for my house. Quoted 249.9 I'm not locked in. There are some people in town who locked in earlier at over 4.00 a gal. they're screaming now.Course if it went over their locked in price,they wouldn't complain. My oilman doesn't do locked price agreements,he puts up with too much BS with it from customers. plowking
I just called for a tank of heating oil for my house. Quoted 249.9 I'm not locked in. There are some people in town who locked in earlier at over 4.00 a gal. they're screaming now.Course if it went over their locked in price,they wouldn't complain. My oilman doesn't do locked price agreements,he puts up with too much BS with it from customers. plowking
Under $50 a barrel and I still got gouged $1.20 a litre for diesel last night 
I do agree on the price of oil being too low, though. If it would stay around the $70 mark it would still be OK for the oilfield guys. Only problem is, now when it goes back up, they will want to raise fuel and oil prices again.
I do agree on the price of oil being too low, though. If it would stay around the $70 mark it would still be OK for the oilfield guys. Only problem is, now when it goes back up, they will want to raise fuel and oil prices again.
F
flying pig
Well-known member
Under $50 a barrel and I still got gouged $1.20 a litre for diesel last night
I really don't believe $70 is ok for oilfield guys! They just had it at $150! Why would you drill for less than half the profit? I run cat building leases, my first year out of highschool I cleared 120k. Last year I cleared 95, this year I will maybe hit 50 by the end of next month and they are talking about slashing again by 40%. 2005 there were 1680 rigs operating in the province, right now there are 240. Say on average 5 days for a lease build, average well at about 3 weeks to drill = 300 leases a month, and I bet there are a few thousand skinners out there, 1680 rigs=2100 leases a month. Average of three operators per lease, 5 days a lease is 6 leases a month per man. Translates to there's a lot of people who are going very broke right now because of this, and with a job like ours its really hard to save money because you never know when your next work day is, and you have four months of the year that you don't work due to breakup, so you get really far behind on bills and then struggle to get ahead all year. I'm done, going back to school. F-it. lol. The only good thing that we have going for us right now is that our dollar sucks right now. That D8 that was $235 US/hr a few months ago is now around 185 US again, where it was a few years ago.
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IMO the $150 oil has contributed to the problems we are now all facing. Huge price increases in fuel and oil, vehicle manufacturers having problems, costs of everything going through the roof, fuel surcharges on everything etc. The industry did quite nicely when the price of oil was lower and so did everyone else. Since the oil rocketed, service in other than oilfield businesses has been going downhill. Costs to get a vehicle repaired, or other trades are going through the roof, due to the fact that they are having to pay more for staff as oilfield wages go through the roof. It is costing us more to get sleds worked on for the same reason. The pdi mechanic that used to cost your dealer $15 an hour is now costing $25 an hour so he is charging you more. Let's not even start talking about what has happened to housing prices and why although a guy makes twice as much as he did a couple of years ago, he can't get a mortgage. I agree that $49 is too low as it will hurt the industry and everything else but $150 was hurting everything else.................... incoming, LOL
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As a county we are oil junkies and we just went through $5/gallon rehab- and its not working. I have a friend who is going to buy a Tahoe since " gas is getting cheaper" . I fear that we are in for another trip to rehab and $5 is going to look cheap.
If you think of OPEC as a drug dealer and us as a strung out junkie that just pawned moms silver. They don't want to kill us off , dead people don't buy drugs, they just keep us coming back for more and more. However they ruined the party by letting the price of oil run away from them ( thanks to speculators the were trying to cover home loan losses In my opinion) , we have since looked around and decided as a country that this $5/gallon isn't working.
Just like in the past when whale oil fueled our lamps and we had to move to oil based sources of fuel we must again make a change. Without change we will be held hostage by people half way around the world who are not our friends.
If I were king I would put a $1 /tax on fuel and put half into mass transit and half into looking for a new source of fuel and energy management technology. I'm willing to ride a bullet train and save my fuel for snowmobiling and dirt bike ridding .
Nothing good comes easy, we all got stuck more than once in the powder and I'm guessing that most of us have scars from our first bike without training wheels. Someone has to do it and I'm not one to look around and wait for somebody else to take the lead
As Thomas Paine said
Lead , Follow , or get out of the way.
If you think of OPEC as a drug dealer and us as a strung out junkie that just pawned moms silver. They don't want to kill us off , dead people don't buy drugs, they just keep us coming back for more and more. However they ruined the party by letting the price of oil run away from them ( thanks to speculators the were trying to cover home loan losses In my opinion) , we have since looked around and decided as a country that this $5/gallon isn't working.
Just like in the past when whale oil fueled our lamps and we had to move to oil based sources of fuel we must again make a change. Without change we will be held hostage by people half way around the world who are not our friends.
If I were king I would put a $1 /tax on fuel and put half into mass transit and half into looking for a new source of fuel and energy management technology. I'm willing to ride a bullet train and save my fuel for snowmobiling and dirt bike ridding .
Nothing good comes easy, we all got stuck more than once in the powder and I'm guessing that most of us have scars from our first bike without training wheels. Someone has to do it and I'm not one to look around and wait for somebody else to take the lead
As Thomas Paine said
Lead , Follow , or get out of the way.
F
flying pig
Well-known member
guess I'm just mad because I was making a living at something I liked doing and now the gravy train seems to be gone, it is my own fault though, shoulda stayed in school in the first place...oh yeah and oilfield wages NEVER went throught the roof! I started at $27/hr and I make $28 now.
Some of us Depend on high oil prices and would really enjoy the price to hit 70 to 80 dollars a barrel and level off that way my job and many other people in western ND would still have work, and the rest of the country could afford to drive to work.....
DRILL BABY DRILL
$70 oil would be fine,, On average oil has to stay above $48 a barrel for the companys to make a profit any thing below is a loss MOST OF THE TIME, This is an average but I do a lot of the ticket signing and know what it cost to drill a well. So all in all pray for a happy medium.
DRILL BABY DRILL
Seen 1.65 regular and 2.69 diesel in and around the metro on Saturday.
E85 is always .50-.75 less a gallon here.
E85 is always .50-.75 less a gallon here.
H
HPJUNKIE
Active member
Hopefully what is going on currently across North America is simply a "market correction". I live in Northern Alberta & have been employed in the Auto Industry for the last 20yrs. I agree oil was crazy for a while, we lost 3techs to the patch, have had to increase wages to keep the others. Having said that, the Auto manufactures have been making huge $ over the years. I sold my father in law one of his trucks in 1997 & he can buy the comparable truck in '08 for less! Hopefully it all works in self out. From a business perspective, I can't believe the oil industry isn't taking advantage of the downturn & some companys punching holes as the associated costs should be down & they could simply cap the wells & wait to bring to production until oil rises. I guess it all depends on thier $$$ available & access to the same. On a positive note, I dynoed one of my sleds last night in GP & found an aftermarket pipe mod that lost 5-7hp compared to the stk pipe! Have a great year everyone & lets try to keep our heads avove water/snow...
A
auggie11
Member
Obama to tax oil producers!
This cracks me up. Some of you that talk of obama giving high taxes to oil producers. I'm sorry to say this but are you guys in denial of what that will cause? I'm in the oil and gas industry and i can tell you they don't just take an increase in prices and eat it. THEY PASS IT ON! Any and all companys that can pass on increased costs will and do on a daily basis. As for thinking obama will curtail the oil industry so called "bush/cheney price gouging" that is a joke. We will drill less in America costing more jobs leading to increases in oil prices because we are forced and I MEAN FORCED to import it from over seas even more. If you guys think we are even close to being set up on alternative resources you should do a search to see what types of infastructure we have set up for such things as WIND energy, SOLAR energy, hell even Methane/Natural Gas. WE DON'T. And to make this an even bigger joke obama and democrats will shut down drilling for natural gas. (Although its one of the cleanest mineral resources we have!) And where you all think hes gonna save you money at the pump he will cost us at other places. He was quoted saying that he will not stop any coal burning power plants but the Emissions fines/taxes he will impose on them will break each and every coal burning power plant. So please all who really believe that our problems are over because oil is finally coming down should do some checking.
This cracks me up. Some of you that talk of obama giving high taxes to oil producers. I'm sorry to say this but are you guys in denial of what that will cause? I'm in the oil and gas industry and i can tell you they don't just take an increase in prices and eat it. THEY PASS IT ON! Any and all companys that can pass on increased costs will and do on a daily basis. As for thinking obama will curtail the oil industry so called "bush/cheney price gouging" that is a joke. We will drill less in America costing more jobs leading to increases in oil prices because we are forced and I MEAN FORCED to import it from over seas even more. If you guys think we are even close to being set up on alternative resources you should do a search to see what types of infastructure we have set up for such things as WIND energy, SOLAR energy, hell even Methane/Natural Gas. WE DON'T. And to make this an even bigger joke obama and democrats will shut down drilling for natural gas. (Although its one of the cleanest mineral resources we have!) And where you all think hes gonna save you money at the pump he will cost us at other places. He was quoted saying that he will not stop any coal burning power plants but the Emissions fines/taxes he will impose on them will break each and every coal burning power plant. So please all who really believe that our problems are over because oil is finally coming down should do some checking.
