Gas highest since 2015, with the deregulation and fracking everywhere!

Discussion in 'Energy' started by Penelope, Apr 23, 2018.

  1. Penelope
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    Penelope Platinum Member

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    Michigan gas prices may rise to highest since 2015

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    You think it'd be cheaper with increase in deregulation, its ok to pollute now, but that is the way it is with the GOP in charge as long as they , the elites have a huge cut in taxes, who cares that the consumer pays more everywhere for everything.

    So much for your tiny increase in your check hey, I read rent prices are going up as well.

    The mighty giveth, and the mighty take it away. (meaning Trump and the GOP)
     
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  2. TNHarley
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    TNHarley Diamond Member

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    WTF :rofl:
     
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  3. OldLady
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    OldLady Diamond Member

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    I hear it's cheaper down there. It's been slowly creeping up here for months. And there is always a big jack in the price around Memorial Day, to kick off tourist season.
    It will be over $3 p/gallon within a month.
     
  4. TNHarley
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    TNHarley Diamond Member

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    Its creeping up here too. I just couldnt make out the point of the OP. Too much hypoerbole.. lol
     
  5. martybegan
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    martybegan Diamond Member

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    lets see what happens when the price per barrel increases to the point where some of the lower margin fracking operations become profitable again.

    OPEC is doing a good job recently of lowering production rates, helped of course by the (unintentional) drop in Venezuelan production.
     
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  6. Penelope
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    Penelope Platinum Member

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    With the big tax cuts, expect to see higher prices in everything.
     
  7. bear513
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    bear513 Diamond Member

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    That has nothing to do with reality..


    Saudi Arabia Wants $70 Oil | OilPrice.com


    Saudi Arabia Wants $70 Oil
    By Nick Cunningham - Feb 19, 2018, 6:00 PM CST[​IMG]
    As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success, with an eye on keeping the current production limits in place at least through to the end of this year.

    Although there were a variety of reasons for oil prices rallying at the end of 2017 and hitting multiyear highs a month ago, the overarching reason was that the inventory overhang significantly narrowed, in large part because of the OPEC cuts.

    The IEA says that OECD inventories are now only 52 million barres above the five-year average, a surplus that has shrunk dramatically from 264 million barrels a year ago. “With the surplus having shrunk so dramatically, the success of the output agreement might be close to hand,” the IEA wrote in its February Oil Market Report.

    Other analysts have gone further. Citigroup and Goldman Sachs both estimate that the surplus has probably already been eliminated, meaning that the oil market has already reached the long-sought “balance” for which OPEC is aiming.
     
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  8. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    With the big tax cuts, expect to see higher prices in everything.


    You think tax cuts cause prices to rise?
    Can you explain your reasoning?
     
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  9. Manonthestreet
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    Manonthestreet Platinum Member Supporting Member

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    And yet it's still cheaper than when we drove to New Orleans yr of hurricane Katrina.....
     
  10. OldLady
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    OldLady Diamond Member

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    I agree with her. It's like when gas prices fell $2 per gallon, but all the services and goods that had become more expensive because of high fuel prices never came back down.
     

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