Crazy Gasoline Prices!
12-19-2014, 11:04 AM
#121
Senior Member
Thread Starter
Yes oil will probably rise some so that the shale producers in North America can make a profit. Now if we can keep the EPA out of it we will be fine.
Tickles me that in my county in Ohio there are well over 2000 oil wells. Most of these were drilled before there was an EPA. They have been fracking these for years. Fracking is not new. I can look out my window of my house and see three oil wells including the one in my back yard. We should be an environmental disaster in this county. Wrong, the most beautiful county in Ohio with super deer and turkey hunting.
They are still drilling a few wells, many have been exhausted but when they need more oil, our county will be in the middle of the fracking process. They can frack my well anytime they want.
Tickles me that in my county in Ohio there are well over 2000 oil wells. Most of these were drilled before there was an EPA. They have been fracking these for years. Fracking is not new. I can look out my window of my house and see three oil wells including the one in my back yard. We should be an environmental disaster in this county. Wrong, the most beautiful county in Ohio with super deer and turkey hunting.
They are still drilling a few wells, many have been exhausted but when they need more oil, our county will be in the middle of the fracking process. They can frack my well anytime they want.
12-19-2014, 03:20 PM
#123
Nuther drop, $1.93 reg.
12-20-2014, 08:36 PM
#125
Senior Member
I think the market jump has a lot to do with Cuba and those changes more than the oil price. Historic moments are abound that's certain.
The S&P 500 SPX, +0.46% closed 40.15 points, or 2%, higher at 2,012.89, gyrating back and forth while the Fed chairwoman Janet Yellen was speaking during a press conference to discuss the Fed’s views. The energy sector jumped by 4.2%, as oil prices reversed earlier losses. All 10 main sectors closed with solid gains.
The Dow Jones Industrial Average DJIA, +0.15% had jumped 300 points, shortly after the statement, though pared back during Yellen’s comments only to close near session highs. The blue-chip index gained 288 points, or 1.7%, to 17,356.87.
The Dow Jones Industrial Average DJIA, +0.15% had jumped 300 points, shortly after the statement, though pared back during Yellen’s comments only to close near session highs. The blue-chip index gained 288 points, or 1.7%, to 17,356.87.
While there are certain states and segments of the labor market that will be badly hurt by low oil prices, anyone that buys fossil fuels, for home heating, transportation, shipping etc. will see more profits or money in their pocket, and that is a lot more people than work in the energy sector.
Overall, the economy will still expand.
Also FWIW, most of my energy stocks are taking a bath, so it is time to buy more.
12-20-2014, 11:33 PM
#127
Somethin' Bout a Truck...
$2.05 for regular tonight in Columbus, Ohio. Almost under $2!
12-21-2014, 07:48 PM
#129
TTV6>V8
