What part of RI are you from? I graduated from South Kingstown in 1990?

Here the gas is arounf 2.00/gal for 87.

 

Fah keen ay, you must be a brother alum from UR-hi?
Got me ME degree out of there in 1983.
I am up in the burbs of the big city now, Born an raised out in the country near the Conn.

I assume your in Buffalo? You guys building igloo's yet?

 

What part of RI? I didn't realize Rhode Island was big enough to be divided into parts. Hell, they recently had the entire state carpeted!

 

Actually, we refer to it as the "great state of row dy'lin.
its actually 20 minutes wide, by 40 mins tall
And that was really just the state "capitol" that was carpeted.
Imagine, that makes the news !!

 

The abundance of oil, new sites, etc - has almost nothing to do with the volatility of the price at the pump, and it wont until supply actually starts becoming scarce. It is all about two things - greed and the conspiracy to be greedy. Prices are down right now because the retail industry can't survive a 3rd holiday season in the red. By the end of January, expect prices approaching $3, and by Memorial Day look for $4. We will see $5 this summer in the Chicagoland area, LA and New York.

 

Production has everything to do with it.

Watch and learn my little maggots:

http://www.cbsnews.com/video/watch/?id=4653109n

 

its 1.79 here.... wtf..... damn pa.....

 

Don't believe everything you read in the papers. They claimed prices were high because production could not keep up with demand, yet today they are producing nearly 40% less than they were 6 months ago, with less than a 10% drop in demand. Sorry, I don't buy into the new math.

Here is a fact for you - in 2004 Exxon Mobil made 11 billion in profit, this is for the entire year. In Q4 of 2007 alone they made nearly 13 billion.

Nice report either way - but any idiot knows that they have been working on this project for many years. It didn't just drop out of the sky as an instant project and suddenly make the prices plummet. It should have been helping to drive down prices a long time ago, and been reported. It's all a conspiracy.

Near the end of the report they said that in order to INCREASE oil prices, they were to cut production by 1.5 million barrels a day in late October - yet that is when the prices only STARTED to fall. Uh huh... right. It's all BS, and you will see $5 a gallon this summer.

 

Yea yea whatever .... when summertime hits and we will have $1.50 gas just come back and watch this video again.

 

I got $20 that says it does not stay below $2/gal, and in fact make it 40$ that it breaks $4 before oct 1st, 09. Would you like in on that action? Keep in mind I am pretty well plugged in to the futures market, and my folks there are already noting the trends and plans, and are the sources for the reasons in trends I have been posting about for months.

That's 2 different bets - you could lose the 20 when it breaks $2, but make it back and break even if it stays below $4, you could lose $40 when it does break $4, or you can win $40 if it stays below $2. I gotta win twice to win at all, you only gotta win once. You down?

Yeah, I am that confident on my intel. It hasn't been wrong yet.