$1.79 in Beantown
$1.79 in Beantown
Sales of the International XT are through the roof. A very popular choice for tiny soccer moms in Suburbia:
(pictured on the left)
Who do you call to change a flat tire on that? AAA or the Army reserve?
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
I think the airfare model is also heavily dependant on rich people from the east coast willing to pay top dollar since the east coast has sucked for skiing and the west has been getting pounded. Last winter fares to SLC were much cheaper but burlington VT was nuts. This year its the opposite. You DC to Boston I 95 city boy trust funders have the means to seek out the best turns on the continent. At least from the airlines perspective. If fuel was free no one would have chosen Stowe over Deer Valley this past Christmas. Your Bogner's would have been too muddy in VT this year.
Tipp, if you were thinking ahead you could have gotten a ride with Benny to CO.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
One of the rules would have been no Bowie songs on the radio.
US crude $30.14 and volatile.
$2.02 regular EUG yesterday
Two things:
1. AB32 has no discernible effect on fuel prices in CA. Strict particulate emissions laws, lack of refining capacity, etc., but please provide a link to a credible resource economist showing AB32's carbon regs have done anything to CA fuel prices.
2. What the fuck are you talking about over $3/gallon in CA. Gasbuddy shows under $3 almost everywhere in Los Angeles County, and $2.50 where I am. Quit exaggerating to fit your political narrative. Or you could move to Texas already. They'll resist carbon regulations longer there. I heard the air quality in Houston is even better than the Los Angeles Basin too!![]()
^ great sig, one of his best lines to date. Viva papa!
Global downturn crushes oil demand/price and boosts USD
Decisions Decisions
Excellent interactive chart:
http://www.macrotrends.net/1334/doll...storical-chart
Decent article
http://www.nytimes.com/2016/01/12/bu...ible.html?_r=0
“Every signal that the market is getting now suggests that we are going to continue to have an oil glut for some time to come,” said Jason Bordoff, director of the Center on Global Energy Policy at Columbia University. “Iran is about to re-enter the market, demand numbers and economic indicators look relatively weak, U.S. supply is holding up in a low-price environment much better than people thought and global inventories are growing.”
Shit could get real funky real quick with Iran and US Navy.
1.45 is Mo. pretty amazing.
Most likely, and wti ever touching a 20 handle was shear lunacy. The only certainty is uncertainty.
sit tight is my mantra
of course that's always my mantra. But it seems to work. Last crash did me well.eventually.
Won't it be wonderful when the American frackers are put out of business and we can go back to being at the mercy of OPEC and the Saudis for most of our oil? Can't wait.
If they wanted a reliable spot price they should have collaborated at least within North America to regulate production. Blame for the market being flooded is on teh USA. Blame for letting it get this bad (and worse) is on SA & NA's stubborn production levels. There's nothing cool about losing 250k jobs worldwide in energy, but it comes with the territory.
All true, but regardless of whose fault it is, it doesn't change the fact that, despite all the "America's new energy independence" commercials still playing on TV, we are headed back to the days of being at the mercy of OPEC and the Saudis for our oil. Makes you wonder if the U.S. government will get involved in price guarantees or increased subsidies at some point, just to mitigate the national security risk and stabilize the industry. More likely it will stabilize itself at around $60 a barrel within a couple years, after production declines have really taken hold.
$1.85 regular EUG
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