Forum Discussion
80 Replies
JAXFL wrote:
spoon059 wrote:
JAXFL wrote:
Thay are also saying they will be let folks go as they cannot afford to pay them and the shareholders (bonus for the top folks).
You know that YOU can buy stocks too, its not just a "bonus for the top folks".
HAAAAAAAAHAHAHAHAHAHAHA I would need to work 6 months to buy 1 share of oil stock and then with my luck. Back years ago I bought into 2 different nicotine patch companies........... don't want all my eggs in 1 basket............. well guess what? Yap, both of those went under and the ones I did not invest in grew...just my luck to buy oil stocks and then find out they closed the company.
Occidental Oil (OXY) is $87 per share.
Imperial Oil (IMO) is $53 per share.
What type of work are you in that it takes SIX MONTHS to purchase a $90 stock? We aren't talking about Berkshire Hathaway stock here.. we are talking oil companies.
Hyperbole is alive and well at RV.net... too bad that's not a marketable commodity, you would be filthy rich.beemerphile1 wrote:
mobilefleet wrote:
it's going down because more people are driving a prius like me...
Let's not forget that it is also tax $$ that are supplementing the purchase of electrics and hybrids through tax credits.
Can I borrow the Prius this weekend, seems only fair since I helped pay for it? :B
wondering how you paid for it, since the tax credits are an offset on MY income when I file taxes, not yours. Credits don't come from a pile of other people's pooled money. But I guess you didn't know that. Thus, the supplement would be from what I earned, not what you earned.
And jfkmk's comment is just silly considering he's complaining from New Jersey, a state where you can't even pump your own gas. Maybe your legislature should consider getting in the 21st century and save a few bucks by getting rid of the fuel pump jockeys? and while they're at it, a toll-free NJ turnpike would be nice too.
By the way, I simply made an observation that more fuel efficient cars result in less trips to get fuel, which results in less demand, which results in suppliers reducing prices. Somehow that makes the haters come out of the woodwork. I don't care what you drive and I have not asked anyone to drive a fuel saving car. I own an rv too but for driving around town I prefer the prius. I simply made an observation. okey-dokey?- Hahaha!!! Not even close to accurate. Although a couple of years old, here are the numbers direct from the National Energy Administration:
Cost to get a barrel of oil out of the ground by DRILLING (not fracking) ----
Middle East - Lifting cost - $9.89, Finding Cost - $6.99 = Total cost per barrel - $16.88
USA - Lifting Cost - $12.28, Finding Cost - $21.58 = Total Cost per barrel - $33.76
Let's not delude ourselves into believing the oil companies (and the Saudis) aren't making gobs of money @ $80/bbl! They are just not making what they are used to making!JAXFL wrote:
The Saudi's can drop oil prices down to teh $60 area and still breakeven, spoon059 wrote:
JAXFL wrote:
Thay are also saying they will be let folks go as they cannot afford to pay them and the shareholders (bonus for the top folks).
You know that YOU can buy stocks too, its not just a "bonus for the top folks".
HAAAAAAAAHAHAHAHAHAHAHA I would need to work 6 months to buy 1 share of oil stock and then with my luck. Back years ago I bought into 2 different nicotine patch companies........... don't want all my eggs in 1 basket............. well guess what? Yap, both of those went under and the ones I did not invest in grew...just my luck to buy oil stocks and then find out they closed the company.- My DS#1 works in Odessa as a drilling engineer and it's business as normal for them. No mention or sign of slowing down.
- Huh! The oil companies are in business to make money. What a concept!
JAXFL wrote:
Thay are also saying they will be let folks go as they cannot afford to pay them and the shareholders (bonus for the top folks).
You know that YOU can buy stocks too, its not just a "bonus for the top folks".- The Saudi's can drop oil prices down to teh $60 area and still breakeven, the big companies here cannot because of what the costs are (labor,shipping, etc) so many are already tell the media htat they are closing down operations at a lot of locations to save $$$. Thay are also saying they will be let folks go as they cannot afford to pay them and the shareholders (bonus for the top folks). There is a website (prices)that shows the price of fuel in every country and some pay less than 15 cents a gallon... the reason is cost vs profit. The oil companies that are having to close down operation s are all about GREED. It is political but not Rep vs Dem, it is country vs country.
- Oil production via fracking has risen dramatically, increasing supplies greatly. Price of crude is dropping because of that.
The amount of oil "saved" by Prius drivers is, pardon the pun, a drop in the bucket. - LOL! People feel the need to over-complicate everything.......
The price of oil is driven by SUPPLY & DEMAND, plain and simple. Shale oil harvesting has really taken off, causing oil supplies to grow, while demand remains relatively stable.
The Saudi's have no choice but to lower their prices, or they simply won't be able to sell their oil... If Fracking costs break even at around the $80/bbl level, that's where oil will settle +-. As Fracking efficiency improves, it may drop a bit lower. Oil companies will not "over-harvest" via fracking and cause the price to drop below cost.
