Petroleum prices continue to decline in spite of POTUS and EPA

Very positive for the US economy

Fortunately the rest of the globe isn't insane, and is fine with drilling for oil. Though we do seem to be fine going after natural gas, which takes the pressure off oil.

I fished last weekend in south louisiana, talk about natural gas well heads, they are all over the water down there, really amazing. And they hold speckled trout nicely waiting for the baitfish to swim by. :)

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Originally Posted by CitizenBBN

Fortunately the rest of the globe isn't insane, and is fine with drilling for oil. Though we do seem to be fine going after natural gas, which takes the pressure off oil.

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US oil production will likely moves us to #1 annually in 2015.

The Saudis would normally have cut production by now, but are content to let it drop to hurt the Russians and Iranians.

Not to worry, fuel prices will start climbing again next Tuesday at 6:00PM est


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Originally Posted by blueboss

Not to worry, fuel prices will start climbing again next Tuesday at 6:00PM est Sent from my iPhone using Tapatalk

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completely accurate

I am not sure that will happen this time. Too many fundamentals say that it will not. We will see

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Originally Posted by dan_bgblue

I am not sure that will happen this time. Too many fundamentals say that it will not. We will see

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If the GOP takes the senate oil prices would likely drop due to Keystone XL being a step closer to approval.

I dunno, whatever Exxon and BP think is best...

Well, he is doing what he can to reverse the positive trend

As long as Saudi Arabia is sticking to Iran and Russia on oil, it doesn't matter one iota what Obama does. When they limit production, then it is time to worry.

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Originally Posted by dan_bgblue

Well, he is doing what he can to reverse the positive trend

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Gas prices have risen almost 30 cents per gallon here in the last 2 weeks!

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Originally Posted by DanISSELisdaman

Gas prices have risen almost 30 cents per gallon here in the last 2 weeks!

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Artificial increases, that the price of oil don't justify.

Spring break, the soon to be change to RVP gas. The usual suspect of excuses.

The prices went up around here by $0.18 about 2 weeks ago. Holding steady at the same price.

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Originally Posted by KeithKSR

Artificial increases, that the price of oil don't justify.

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That's the key. The price of gas actually needs to go up for the economy's health, but not artificially--only when the price of oil itself increases. This is garbage.