I just drove 3,110 miles across the country for under $300 in gas. With 500hp running 93 (or 91 in states that didn’t have it.) and cruising at 80-95 MPH depending on state and speed limit :bigtup:
Put your order in now for the '17 Raptor…lol :tup:
I paid under $3 for 93 and loved it. The US fracking has just destroyed the gas market. With cheap oil, I wonder how the ISIS black market is going with them selling barrels since the normal markets are crashing down as well.
boy would I love to … pockets aren’t that deep though. Actually probably looking at something mid-size like a Frontier/Tacome/Canyon/Colorado… OR a used F-150/Sierra (which leaves room for a 3rd car in the driveway). Honestly, I’m VERY undecided on what I am going to do (obviously). All I know is that I need to get something with a tow capacity in the 7,000+ range. The more capacity, the better I’ll feel with it on the highway.
After towing a 24ft boat up the mountains in an 08 F-250 6.4L Diesel (with a ton of aftermarket upgrades), I am just really feeling terribly about towing my boat with a Honda Pilot.
we put $25 in gas in a rental that we have to return empty… have to drive 150 miles in the next 18 hours now… first world problems / cheap gas problems
my favorite chart today:
Lol at Saudia Arabia…but im sure they have enough $ to cover themselves for a few yrs
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i subrscribe to the above view.
OPEC trying to skim the high cost producers off the market which will take months to correct. the more speculative companies and governments are already adjusting and it is having a notable affect up here in Canada.
the boom province of alberta is scared as shit…
We do a lot of business with companies that are involved with oil. Our insulation covers are on oil/gas rings all over the world. When the cost of oil goes down then nothing new is being built. Soon we will start to feel the effects of this. Local mechanical shops who build parts, pipe skids, pump stations…are starting to slow down.
$826.4 billion
[SIZE=3]I wonder when someone will decide to use real weapons. Russia is hurting just as much.[/SIZE]
who is going to use weapons against whom for what result?
Can’t help but wonder… Are we actually making progress in the Energy sector?
- Demand for crude oil not as high as expected
- PHEV and EV cars making headway as “mainstream”
- Saudi’s making desperate moves to drive out their competition
Are things starting change finally? Maybe our days of wildly profitable oil sector are behind us?
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In theory, Russia could attack the Saudi’s for refusing to cut production and destroying their economy… IN THEORY.
All they would need is a targeted attack on their crude oil production systems and oil prices would go back through the roof.
It would be pretty extreme though, and it would likely spark WWIII
is it possible to peg the price of oil or fix it as nations can do with their currency by pegging it to other currencies?
because if such a mechanism existed where rather than a supply-side cartel (OPEC) there were a buy-side cartel that fixed their buying price at a price that is viable for native producers (US, Can, Western Europe) it would help fight OPEC’s ability to manipulate the market with production quotas.
This already happens informally where suppliers and buyers set price contracts over multiple years. I was reading where some suppiers in Canada had set 5 year sale agreement with their clients on a portion of their production at like $75 a barrel so that even when it was $110 a barrel they were selling for $75 but now that it is $50 they are still getting $75. The net impact was resistance to this current condition. It allows buyers and sellers to more accurately forecast out and remove market sensativity from their business.
You really should look to the fullsize trucks if you’re wanting a towing capacity of 7000+ lbs. towing that much weight with a midsize truck is not very smart, regardless of what the engine/gearing combo is. that weight will push a midsize truck all over.
Yeah, I know. But my wife doesn’t want to drive a full size truck and I don’t want to drive 30 miles a day at 10mpg, so we’re at somewhat of a dilemma. 3 cars is an option, but I’d really rather not maintain 3 vehicles and I don’t have the driveway space for it.
How did I miss all this banter? In b4 petrodollar is no longer honored, oil was the WMD in Iraq. The fallout from oil being this low will be likely be widespread like Jay_G said.
While the rest of America has an extra 2 billion a day to spend in the economy
+1
I feel bad for anyone related to oil, but yall have been riding this high for long enough. Time for the rest of us to get some cash in our pockets.
You guys have heard about “too big to fail” right? 
On a more serious note, has anyone considered the USD has been gaining spending power? Isn’t it logical, commodities priced in USD drop as the value of USD climbs?