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Old 01-03-2015, 06:10 PM   #11
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Never fear, the politicians will find a way to get their hands into it all soon enough. California's "Cap and Trade" tax on transportation fuels went into effect on the first. Gas prices are expected to rise anywhere from 10¢ to 76¢ a gallon. And Saudia Arabia will come around and cut back output evntually.
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Old 01-03-2015, 07:24 PM   #12
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Saw this on my way to the candy store this morning...

gas.jpg
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Old 01-03-2015, 10:38 PM   #13
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Originally Posted by MyronL View Post
Saw this on my way to the candy store this morning...

Attachment 9184
Good! I'm tentatively planning a trip to New Mexico in the spring. If gas prices stay low for a few months it will be good for me.
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Old 01-04-2015, 12:45 AM   #14
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1.72 at the local Costco this morning. If it stays low for awhile this is REALLY going to help our trip to pick up the trailer.
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Old 01-04-2015, 09:52 AM   #15
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Makes one to think about installing a 1000 gal. tank and filling it up for a reserve when the prices go up again.
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Old 01-04-2015, 11:19 AM   #16
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I just hope the cost of crude goes up soon. While it is nice to pay less at the pumps, I would MUCH rather have my investments, and potential for work go up too. This low crude price does not bode well for keeping my retirement reasonably close.

As well, it will drive down house prices a lot. Maybe I should start selling off some real estate holdings soon, before it does drop much.
The price of crude oil has dropped to a point where it is no longer profitable for some domestic oil producers to continue production. They are talking about layoffs in the US and Canadian oil industries . There may be unintended consequences with the recent dramatic fall in fuel prices and they might not necessarily be good for the overall economy.
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Old 01-04-2015, 04:12 PM   #17
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The price of crude oil has dropped to a point where it is no longer profitable for some domestic oil producers to continue production. They are talking about layoffs in the US and Canadian oil industries . There may be unintended consequences with the recent dramatic fall in fuel prices and they might not necessarily be good for the overall economy.
I have heard lots of talk of stoppage of capitol projects, and layoffs of workers. I know many people that will be affected by this. The wee bit of savings in fuel costs definitely pales to the cost to the economy.
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Old 01-04-2015, 04:19 PM   #18
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But, there is a positive side for Ontario manufacturing. May be gloomy in Alberta, but cheery elsewhere in the country.
Once OPEC ( with its low production costs ) has kept production up and prices down for long enough, the marginal players, with high production costs, will be out of business and we'll see prices rise.
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Old 01-04-2015, 05:03 PM   #19
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I hate politics, I vote.. that's it. But honestly, lower fuel costs couldn't have come at a better time in the US. It was the holiday season. Folks had more money in their pockets to PURCHASE, which should mean a better chance to build inventory for sellers or folks to travel to Grandma's house... everything is cyclical...
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Old 01-04-2015, 07:04 PM   #20
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My county is ground zero of the sand supply needed for fracking. Neighbors are fighting neighbors and its not pretty. The current cheap plentiful oil supply might slow the sand mining demand down long enough for the local small communities to figure out how to deal with it all in a rational manner.
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