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Old 09-24-2011, 03:30 PM   #1
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oil $80 dollars a barrel

Last time oil was $80 dollars a barrel; gas was $1.50 a gallon
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Old 09-24-2011, 04:36 PM   #2
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Think I had better leave that one alone. Every thing I'm sitting here thinking about posting would get me smacked!
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Old 09-24-2011, 04:44 PM   #3
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You do understand that the current government policy is to keep fuel costs high to encourage use of smaller vehicles and more "green" technology. Don't count on any investigations as to why the fuel costs are high and the cost per barrel of crude is low. The powers that be want it that way.
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Old 09-24-2011, 04:52 PM   #4
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ok, so if we invest in oil stocks we MIGHT get a little of our $$$$$ back? Or is it. lost for good?
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Old 09-24-2011, 06:57 PM   #5
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Oil stocks have been and continue to be a good investment. Not saying you will get your money back as the CEO and the board have to be paid their millions of dollars before any dividends are paid. ;-)
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Old 09-24-2011, 07:08 PM   #6
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Unless you are willing to "contribute" more money to congress than the oil lobby does, don't expect to see any changes.

"The US Congress - The Best that Money Can Buy"
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Old 09-24-2011, 09:03 PM   #7
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Greed!
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Old 09-24-2011, 09:55 PM   #8
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Think I had better leave that one alone. Every thing I'm sitting here thinking about posting would get me smacked!
+1 Or jailed.
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Old 09-25-2011, 06:17 AM   #9
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This is a tough topic to discuss without taking political potshots, but iRV2's rules don't permit political posts.

Thanks!
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Old 09-25-2011, 06:46 AM   #10
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This is a tough topic to discuss without taking political potshots, but iRV2's rules don't permit political posts.

Thanks!


Guess I have to keep my mouth shut on this one
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Old 09-25-2011, 06:50 AM   #11
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The small group of people that control our oil costs, do not understand or care about the general population. They have their own wealth to build and our wealth or lack thereof does not concern them.
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Old 09-25-2011, 07:08 AM   #12
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The small group of people that control our oil costs, do not understand or care about the general population. They have their own wealth to build and our wealth or lack thereof does not concern them.
You are referring to the oil traders, right?

Oil is a commodity traded each business day just like gold, silver, pork bellies, etc. Actually, its the buyer that sets the price not the seller. Bid vs ask price.

Now if anyone wants to really get on a price kick-I recently read that ink for our inkjet printers cost $5400.00 per gallon.
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Old 09-25-2011, 07:24 AM   #13
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I will be happily filling up our van with $2.999 fuel later this morning. I guess the oil company's plans to get us used to high prices is working as I am pretty dang thrilled to be paying less than $3/gallon for a change.
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Old 09-25-2011, 10:20 AM   #14
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The small group of people that control our oil costs, do not understand or care about the general population. They have their own wealth to build and our wealth or lack thereof does not concern them.
Read today's Doonesbury.
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