A good article explaining falling gas prices
- Thread starter GK4Herd
- Start date
Interesting how it always comes back down to supply and demand. The more oil flowing globally, the cheaper the price. I just hope we can get our crap together and get our pipelines moving.
Thanks vox for voxplaining everything for us peons. I don't know how we could function without you.
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Vox apparently thinks Americans are too stupid to understand the world around them (the Gruber-view) so they go a step further & tell you how to interpret the news. If you ever hear the phrase "Vox-plaining" that's pretty much it.
Next up, what "Ben-Smithing" means.
They are idiots. If you want a laugh do a quick google search of vox fails
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To be honest I haven't read the article because I just think vox is a joke most of the time and ignore them
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Gk, there's nothing wrong with that article, or the information in it, although I do think their quoted break even prices by country seem high.
B.C.e... I havent seen any construction estimates on the "pipeline"... But given a perfect situation for construction i.e. all permitting in place, right of ways, etc. we are possible looking at a 10 year construction timeline? And if indeed there is downward price on the price per barrel of oil that is pushing North American crude out of the market then I wonder what the willingness of the investors are to continue pushing the pipeline...
FWIW just read on BBC the Russian rubble just took a record dive because of decreasing global oil prices....coincidence?
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Opec is essentially putting the screws to all who produce oil. Full on price war. This is another blow to Russia's economy due to the oil they produce and sell.
Another interesting story on oil producer Venezuela too. Got to laugh at their answer for "stopping" inflation....
Another socialist utopia---Venezuela
Can't help but wonder if this isn't a deliberate ploy by OPEC and US to put pressure on Putiin for being such a global ass.
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Hell, it screws us even more in different ways. Have you seen what oil industry stocks have been doing since oil came off $115 barrel? Also puts further investment of our own domestic production and distribution in jeopardy if we go much lower. Obummer Admin probably wouldn't mind that much. He can claim he lowered gas prices while calming the crying left despite its risk to hundreds of thousands of jobs and other world upheaval it could pull us into long term.
I am watching other currencies too. IMO I think things will be getting more and more "interesting" within the next 2-3 years globally. Commodities and Currency........the kind of things that get World Wars going. The next Prez will be walking into multiple shit storms.
