Thread: Gas Price

$1.97 a gallon here in Oklahoma for the 10% ethanol

Read a article in today's paper. It was saying the Arabs are increasing production because we have started increasing production from shale oil to the point we don't need that much of their oil. Also a much lower demand for oil from China and other Asian country's. It also said that if things changed it would be years before we got back to 100.00 a barrel oil. Think them Arabs done painted the selfs into a corner with all the subsidies they give their people and all the other lavish spending they have done over the last 20 years or so. Nothing but good for us for awhile anyway.

They'll still be rich but I'll take it!

Of course the negative affect will be shale oil drilling will slow down. Some jobs will go away for a bit.
Always consequences. Good for some, bad for others. That's why savings are so important.
Good to be on the up end of things for once.

Remember all the doom sayers a few years back predicting when we would run out of oil and the pumps would just be making a sucking sound?????

Originally Posted by peculiarmike

Remember all the doom sayers a few years back predicting when we would run out of oil and the pumps would just be making a sucking sound?????

You can never predict what the market will bring with 6 billion minds at work on the billions of potential problems.
Aint it Great!

Seen $1.99 in a couple different towns today while out driving around. Clinton, Warsaw and Lincoln all had it under $2

Gas down in jackson,mo at 2.17 and in advance,mo diesel is 2.99!!!