Comments on: Oil Prices Keep Dropping On Demand Worries

Continuing Slide Has Gasoline Prices Down As Well; Dollar Makes Slight Gain Against Euro

[rebelscout]

Prices drop for two reasons: The demand is down due to the price and the repugs have pressured the oil boy''s due to the election!

[timdgrim]

Let the cars sit, find another mode of transportation whenever possible, car pool, mass transportation, bike, walk..whatever...If we could all do this together and really try, we can break the hold that the big oil corporations have on us. They''ll still make money and plenty of it, but we can tell them that they are not going to get away with this and we can make sure they don''t. If we do this, it will scare the sh*t out of them. They think we''re suckers...are we? Maybe it''s a pipe dream (excuse the pun) but it could be done. After we finish with them, we can start on the insurance companies!
Pep talk over..good night all.

[tawpdawg111]

Just wait till the technology is perfected to run a car on water and then watch big oil drop it''''''''s drawers.

Posted by Consciousnes

We''''re already there with electric car. Been there for a decade. 1.6 cents per mile or a full charge for $5. Why do you think the oil men stole the White house and changed the law in California that required 10% of cars by 2003 to be LEV, then invaded Iraq and pipeline Afghanistan, pumping the price of oil through the roof, all while pushing money (American corporations) into and creating a demand in Chindia.

Posted by lochlan at 01:28 PM : Aug 05, 2008

You wanna see a BADASS EV go see the Tesla roadster. 0 to 60 in 3.9 seconds! Ford mustang 0-60 5.8 seconds. BADDDD EV!

WWW.Teslamotors.com

[ajaxtheleast]

Oil Prices Keep Dropping On Demand Worries

Actually no.,,,Oil prices keep dropping
on demand of the November
election schedule.

Any time the administration VOLUNTEERS
an explaination for something its
likely covering up the real reason.

[holalanemeir]

The Republicans are worried because another talking point has been thrown in the can with their other lies. Why? Because the price of gas is going down without more drilling. It''s gonna be a dog eat dog election this Nov. and the Republicans are wearing milkbone underwear.

[pensacola88]

The seasonal demaands and price fluctuations are following the same trends that have happened for years. Gas goes up after school is out and then drops back down right as school begins. We expect gas to drop to around $3.40-$3.60 by mid September.

People calling for more drilling need to understand that no oil producer will expend revenues to drill if they believe the price of oil will fall. Few drilling prospects are profitable under such scenarios. Spoken another way...if oil was selling at $130 a barrel, drillers will go after the oil that offers profit if sold at $130 or higher. All the cheaper oil to drill was already found years ago when the price was $65-$85 and is producing today. Newer deepwater rigs start becoming profitable at $165-$180. Building a rig and operating at a loss is a thing of the past.

[spadeisspade]

bullyforhim-

This is a really great, short article titled "Is it true that gas prices go up faster than they go down?" It''s true, and it sucks.

http://www.slate.com/id/2196273/

It''s basically our fault; we bargain hunt for best prices when they are on the rise, which keeps them in check. But when gas prices start to fall, we get lest diligent about the pennies difference, so gas stations can get away with just modest price decrease. The reason it rises so fast is because a busy gas station will get gas deliveries every day, so the price hike will directly affect them. When they lower gas by modest amounts, they actually make a killing off us because they don''t lower the prices proportionally.

[libsluv2spit]

Can anyone explain this failure of gas to come down more in relationship with the falling price of crude?

Anyone?

Posted by bullyforhim at 04:55 PM : Aug 05, 2008
+ report abuse

********

oil companies will do whatever they want to do because they can..and YOU WILL STILL BUY GAS REGARDLESS???

[libsluv2spit]

oh my....i would not be suprised if these eco-warriors goes back to riding thier 8mpg suvs....

sheep!

[qccougars]

I''m happy that the price per barrel for oil has declined but I''ve seen very little change in the price of gas in my area. I was around during the gas shortage in the 1970''s politicians are promising the same thing today that they promised in the 70''s. The more things change the more they stay the same.

[pollroller1]

I''m retired so I don''t have to do a lot of driving. We have cut back even more. My 5 year old SUV only has 38,000 miles. The wife''s 2 year old Honda only has 16,000. I really feel for you guys that have to use you car every day. I have said and I still say that solar, wind and nuclear is our answer. I don''t know what it will take to get our leaders to do something for the people instead of just giving ear marks to their friends that come out of us peasants pockets.

[mwhc1]

some of you people voted for bush... twice! man, there are so many stupid people in the world - i guess that''s what the GOP counts on. Go Republicans!

[missingamerica]

Answer: all of it. A 100 mile by 100 mile area of mostly mirrors and pipes filled with salt solution collects enough energy to power the entire country of America.

Posted by ubrew12 at 03:36 PM : Aug 05, 2008

Per http://web.mit.edu/newsoffice/2008/oxygen-0731.html:

[bq]
Until now, solar power has been a daytime-only energy source, because storing extra solar energy for later use is prohibitively expensive and grossly inefficient. With today''s announcement, MIT researchers have hit upon a simple, inexpensive, highly efficient process for storing solar energy.

Requiring nothing but abundant, non-toxic natural materials, this discovery could unlock the most potent, carbon-free energy source of all: the sun. "This is the nirvana of what we''ve been talking about for years," said MIT''s Daniel Nocera, the Henry Dreyfus Professor of Energy at MIT and senior author of a paper describing the work in the July 31 issue of Science. "Solar power has always been a limited, far-off solution. Now we can seriously think about solar power as unlimited and soon."
[eq]

In related news, *** Cheney announced that a terrorist cell had been identified at the Massachusetts Institute of Technology [MIT} and elements of Blackwater Security had been sent in to control the situation due to the limited availability of uncommitted U.S. troops. Enormous fires and billowing clouds of smoke were reported to be visible from the greater Boston area.

(That last paragraph is a joke. So far.)

[ubrew12]

What percentage of America''s electricity could come from solar thermal arrays covering an area 100 miles by 100 miles in the American Southwest?

A solar thermal array heats up a salt solution during the day using mirrors, but uses the salt solution to drive electric turbines all day AND all night.

Answer: all of it. A 100 mile by 100 mile area of mostly mirrors and pipes filled with salt solution collects enough energy to power the entire country of America.

[ubrew12]

Saudi Arabia said it would increase oil production in June to battle rising prices. The price of oil went up. Now Republicans want us to believe just looking at offshore drilling is responsible for dropping the price of oil in recent weeks.

The saudi''s fired a cannon at oil, we fired a pop-gun. Neither had any affect. Oil responds primarily to demand because, at this point in the industries life-cycle, supply is LOW and DROPPING, no matter how many extra holes in the ground we drill.

Planet earth has 20-30 years of oil left, at current consumption levels. Time for some ''alternatives''.

[marshall_nee]

Wow! The the Dow is up 300 on the back of this and the Feds inflation jawboning.

[whitemale08]

I see folks starting to pick-up their old driving habits since oil prices have been coming down a few pennies.

Just like a crack addict little does people know that OPEC is right now cutting back production so that by next month gas prices will skyrocket again.

It''s a "break down crisis" of the global financial system, this worse then a recession even a depression.

The financial system is coming down, don''t for one minute get happy.

[talkingham]

Kindaloser Rice has been out of the public eye now for a couple of weeks and suddenly the price of oil drops, they better trot her out to make some destabilizing remarks before Iraq gets back in the spotlight again.

[lochlan-2009]

you libs will never be better off than previous years because you never do anything to improve yourselves, you just sit around and *** and moan

Posted by jamesm12341

They''ll be doing something in November, won''t they?

[labrat9999]

Not sure about you people but my wallet can''t stand another 4 years of GOP rule! But you one of you GOP types can convince me otherwise I''m all ears. Please tell me why I''m better off today than I was 8 years ago?