โMay-20-2008 09:25 PM
โJun-20-2008 06:23 AM
topflite51 wrote:eltejano1 wrote:Actually Jack a reasonable drop to somewhere between 60 to 80 per barrel would be sufficient to continue the development of other sources and forms of energy. It wouldn't set back energy policies like it did in 83/84. It would however, get rid of a significant number of speculators and their financial backers. I would argue that supply and demand definitely justifies the 60 to 80 range, anything above that is being pushed by pure speculation.
Hi, "rather be travlin" from Tyler - right up the road! More famous as the home of former Houston Oiler Earl Cambell than for roses. ๐
Awhile back, I suggested that an oil crash like '84 might be a good thing - but I was shot down and proved wrong. Tell Topflite you are praying for a crash and see what he says.
Jack
Jack
โJun-20-2008 02:35 AM
โJun-19-2008 05:47 PM
โJun-19-2008 04:25 PM
โJun-19-2008 03:30 PM
Bucky Badger wrote:
Oil went down 5 bucks a barrel today will gas prices drop tomorrow??????? Heck no!!!!
โJun-19-2008 02:33 PM
โJun-19-2008 01:17 AM
โJun-18-2008 08:24 PM
โJun-18-2008 07:53 PM
eltejano1 wrote:
Dan:
Government has to do some things - like basic research and development on new technologies. Private industry simply cannot invest in questionable ventures that may or may not succeed and will show no short-run return The space program is a good example. Govt develops and industry applies.
I daresay there wasn't a single private investor in all of Europe who would have funded Columbus's hair brain voyage to the Orient by sailing West! Government had to do it - and reaped rich returns from their investment.
Government has a vital role to play in solving this crisis, although they rarely work fast enough, or efficiently enough, to satisfy us.
Jack
โJun-18-2008 06:22 PM
โJun-18-2008 05:58 PM
โJun-18-2008 05:35 PM
โJun-18-2008 04:37 PM
โJun-18-2008 03:15 PM
โJun-18-2008 03:04 PM