Thread: Gas Price Info With National Gas Temperature Map

You have ZERO idea of what you are talking about. You just throw out names and accusations to stir flames with nothing more than typical conspiracy theory and unproven speculation. Post your facts; your backing information to prove your FALSE claim that has been debunked before. This is also not the PIT so take it there.

FACT

Numerous false concerns have been raised regarding the possible conflict of interest resulting from Cheney's deferred compensation and stock options from Halliburton. However, before entering office in 2001, Cheney bought an insurance policy that guaranteed a fixed amount of deferred payments from Halliburton each year for five years so that the payments would not depend on the company's fortunes.[3] He is legally bound by an agreement he signed which turns over power of attorney to a trust administrator to sell the options at some future time and to give the after-tax profits to three charities.

Originally Posted by charper1

You have ZERO idea of what you are talking about. You just throw out names and accusations with nothing much than typical conspiracy theory theory. This is also not the PIT so take it there.

Your right.... it's "not the PIT". So I apologies, I thought it was.

Paid $1.99 at a local Wawa....first time I didn't cry real tears while filling up my truck in quite some time.

I saw on the news where the vice president gave a large amount (in the millions) of his profits to charity which is most of what he has made.

Here are a few new engines that may change the way we look at engines and transportaion in the future (if the oil companies do not buy them out) and they should help give us lots lots more power and much much better fuel economy, weigh much much less, and have lots less parts and friction and be much cheaper to service and much more reliable from what I have read. Here are the links:


http://www.abc.net.au/newinventors/txt/s1072065.htm

http://www.angellabsllc.com/

$1.97 today at Costco!!! In Lewisville, TX (D/FW Area).

Tom in TX

Originally Posted by Stargazer

I saw on the news where Haliburton gave a large amount (in the millions)

Did you see how many
U.S. & Coalition/Casualties

so far? RIP
Let Dick\Haliburton take that to the bank!!!!

Thanks to o-dome at dishretailer.com for posting this there .....

Analyst predicts plunge in gas prices

By Kevin G. Hall

McClatchy Newspapers

WASHINGTON — The recent sharp drop in the global price of crude oil could mark the start of a massive sell-off that returns gasoline prices to lows not seen since the late 1990s — perhaps as low as $1.15 a gallon.

"All the hurricane flags are flying" in oil markets, said Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Now, he says, they appear to be poised for a dramatic plunge.

Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead.

Here's why:

For most of the past two years, oil prices have risen because the world's oil producers have struggled to keep pace with growing demand, particularly from China and India. Spare oil-production capacity grew so tight that market players feared that any disruption to oil production could create shortages.

Fear of disruption focused on fighting in Nigeria, escalating tensions over Iran's nuclear program, violence between Israel and Lebanon that might spread to oil-producing neighbors, and the prospect that hurricanes might topple oil facilities in the Gulf of Mexico.

Oil traders bet that such worrisome developments would drive up the future price of oil. Oil is traded in contracts for future delivery, and companies that take physical delivery of oil are just a small part of total trading. Large pension and commodities funds are the big traders and they're seeking profits. They've sunk $105 billion or more into oil futures in recent years, according to Verleger. Their bets that oil prices would rise in the future bid up the price of oil.

That, in turn, led users of oil to create stockpiles as cushions against supply disruptions and even higher future prices. Now inventories of oil are approaching 1990 levels.

But many of the conditions that drove investors to bid up oil prices are ebbing. Tensions over Israel, Lebanon and Nigeria are easing. The hurricane season has presented no threat so far to the Gulf of Mexico. The U.S. peak summer driving season is over, so gasoline demand is falling.

With fear of supply disruptions ebbing, oil prices began sliding. With oil inventories high, refiners that turn oil into gasoline are expected to cut production. As refiners cut production, oil companies increasingly risk getting stuck with excess oil supplies. There's already anecdotal evidence of oil companies chartering tankers to store excess oil. All this is turning financial markets increasingly bearish on oil.

"If we continue to build inventories, and if we have a warm winter like we had last winter, you could see a large fall in the price of oil," said Gary Pokoik, who manages Hedge Ventures Energy in Los Angeles, an energy hedge fund. "I think there is still a lot of risk in the market."

As it stands now, the recent oil-price slump has brought the national average for a gallon of unleaded gasoline down to $2.59, according to the AAA motor club. In the Seattle area, prices per gallon have fallen to $2.856 currently from $3.071 a month ago, a decline of 7 percent, according to AAA.

Should oil traders fear that this downward price spiral will get worse and run for the exits by selling off their futures contracts, Verleger said, it's not unthinkable that oil prices could return to $15 or less a barrel, at least temporarily. That could mean gasoline prices as low as $1.15 per gallon.

Other experts won't guess at a floor price, but they agree that a race to the bottom could break out.

"The market may test levels here that are too low to be sustained," said Clay Seigle, an analyst at Cambridge Energy Research Associates, a consultancy in Boston.

On Monday, the oil-producing cartel OPEC hinted that if prices fall precipitously, OPEC members would cut production to lift them. But that would take time.

"That takes six to nine months. If we don't have a really cold winter here [creating a demand for oil], prices will fall. Literally, you don't know where the floor is," Verleger said. "In a market like this, if things start falling ... prices could take you back to the 1999 levels. It has nothing to do with production."

Copyright © 2006 The Seattle Times Company

I read on the Abc news website and in the newspaper today that over 42 % of 1000 American people interviewed , believe that the Bush administration has and is still manipulating the price of oil. In order to win the elections in November for the Republican party. They are also not positive about the economy and the future.

Perception is everything with the public.

Originally Posted by MikeD-C05

I read on the Abc news website and in the newspaper today that over 42 % of 1000 American people interviewed , believe that the Bush administration has and is still manipulating the price of oil. In order to win the elections in November for the Republican party. They are also not positive about the economy and the future.

Perception is everything with the public.

But is that communist news.

CBS's "60 Minutes" reported Sunday night that Washington Post journalist Bob Woodward said Prince Bandar bin Sultan, the Saudi ambassador to Washington, promised Bush that Saudi Arabia will lower oil prices in the months before the election to ensure the U.S. economy is strong on Election Day.

"That's the Saudi pledge," Woodward told "60 Minutes" for a report on his book about the Iraq war, "Plan of Attack," to be released Tuesday. "Certainly over the summer or as we get closer to the election they could increase production several million barrels a day and the price would drop significantly."