OPEC is cutting production again.

[Bopeye]

For the second time in a little over a week OPEC is cutting production. Couple that with the fact that Obama said he would suspend going forward with offshore drilling and what do you have?

Coming soon to a pump near you.

$140 A BARREL AGAIN!!! I SUPPOSE THAT'S BUSH'S FAULT TOO???



Dumb thinking, actually thinking BUSH could control oil prices. Stupid!!!!

[NASA]

Crude is right around $60 right now, and "almost" made it down to 59 and change today.  They'll have to find someone else to blame when the supply is shut off again in order to drive prices back higher.  Of course, the new administration will never blame OPEC.

[FinsnFur]

We had 6 Saudi's join the forum in the middle of the night

I wonder if this topic got Googled that fast or if their on their way over to help celebrate the election.

[NASA]

Sometimes I wonder if these hunting forums aren't a source of Intel for govt operatives.  I have read a lot more intelligent commentary on the true state of the economy and the real mood of the nation on these boards, than I EVER read/heard from the MSM.   

BTW, crude dropped under $60 this morning.

[FinsnFur]

4 more Saudi's tried to join since my last post.

I turned off the new member automatic registration and will be manually passing them through now

[Bopeye]

There ya go Jimbo!!! Keep kicking those Dune Goons off here. 

[FinsnFur]

7 more

[FinsnFur]

2 more

[alscalls]

NO Soup for YOU!...........

[pitw]

 Suicidal Muslims...        Everyone seems to be wondering why Muslim
terrorists are so quick to commit suicide.
Let's see now... No Jesus  No Christmas No television  No cheerleaders
No Nude Women  No car races No football  No soccer  No pork BBQ  No hot dogs 
No burgers  No chocolate chip cookies  No lobster  No nachos  No Beer nuts No
Beer !!!!!!!! Rags for clothes and towels for hats. Constant wailing from the
guy next-door because he's sick and there are no doctors. Constant wailing
from the guy in the tower.  More than one wife.  You can't shave.  Your wives
can't shave.  You can't shower to wash off the smell of donkey cooked over
burning camel dung.  Your bride is picked by someone else. She smells just
like your donkey. Then they tell you that when you die it all gets better!


                                    I mean, really, is there a mystery here?


Maybe they really want to become mountain men with all the bell's and whistle's.

[FinsnFur]

                                    I mean, really, is there a mystery here?

:roflmao: :roflmao: That WAS good

[alscalls]

 :roflmao: :roflmao: :roflmao: :roflmao: :roflmao: :roflmao:LA LA LA LALA LA would you like to buy a slurpie? LA LA LA LA LA :roflmao: :roflmao: :roflmao: :roflmao: :roflmao: :roflmao: :roflmao: :roflmao:

[coyotehunter_1]

^^  :roflmao:  :roflmao:  :roflmao:^^

Mr Jim, so basically you told those Arabic fellers to...  بايت انا!! 


                    or as Bop would say...  "BITE ME !!" 

[FinsnFur]

 

[NASA]

On the PLUS side, I paid $1.93 for gas last night.  Even though prices are getting back to "normal", I don't think they'll stay there.  Our tolerance levels have been tested by OPEC and Wall Street, and now they know how far they can push us before we start pushing back.  Expect $2.50 to become the new "norm".

[cathryn]

the only reason gasoline at the pump went down is because the overall economy went to crap not because of anythoing we as consumers did.

if the economy hadnt went bust wed still be paying 3 + bucks a gallon for gasoline. imo

do you guys even realize that Canada is the top importer of crude oil to the US?

Crude Oil and Total Petroleum Imports Top 15 Countries

September 2008 Import Highlights:  November 18, 2008
Preliminary monthly data on the origins of crude oil imports in September 2008 has been released and it shows that two countries exported more than 1.40 million barrels per day to the United States. The top five exporting countries accounted for 68 percent of United States crude oil imports in September while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top sources of US crude oil imports for September were Canada (1.923 million barrels per day), Saudi Arabia (1.429 million barrels per day), Venezuela (0.944 million barrels per day), Mexico (0.890 million barrels per day), and Iraq (0.543 million barrels per day). The rest of the top ten sources, in order, were Nigeria (0.508 million barrels per day), Angola (0.416 million barrels per day), Algeria (0.319 million barrels per day), Ecuador (0.227 million barrels per day), and Brazil (0.197 million barrels per day). Total crude oil imports averaged 8.407 million barrels per day in September, which is a decrease of (1.877) million barrels per day from August 2008.

Canada remained the largest exporter of total petroleum in September, exporting 2.364 million barrels per day to the United States, which is an increase from last month (2.199 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.431 million barrels per day.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Sep-08 Aug-08 YTD 2008 Sep-07 YTD 2007

--------------------------------------------------------------------------------

CANADA 1,923 1,833 1,894 1,972 1,894
SAUDI ARABIA 1,429 1,533 1,529 1,441 1,421
VENEZUELA 944 1,146 1,040 1,127 1,120
MEXICO 890 1,292 1,172 1,293 1,430
IRAQ 543 663 661 603 493
NIGERIA 508 1,035 944 1,137 1,040
ANGOLA 416 483 502 578 530
ALGERIA 319 348 312 503 509
ECUADOR 227 291 211 234 200
BRAZIL 197 169 215 213 173
COLOMBIA 142 247 185 165 130
GABON 123 69 59 29 65
KUWAIT 110 203 195 143 182
CHAD 80 139 103 96 70
UNITED KINGDOM 74 41 60 35 102
     
Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Sep-08 Aug-08 YTD 2008 Sep-07 YTD 2007

--------------------------------------------------------------------------------

CANADA 2,364 2,199 2,420 2,520 2,473
SAUDI ARABIA 1,431 1,573 1,546 1,560 1,456
VENEZUELA 1,051 1,305 1,193 1,315 1,353
MEXICO 1,003 1,400 1,281 1,454 1,564
ALGERIA 657 530 539 702 732
NIGERIA 591 1,166 1,015 1,181 1,087
IRAQ 543 663 661 603 493
RUSSIA 437 490 481 389 416
ANGOLA 416 495 511 591 542
VIRGIN ISLANDS 345 298 328 384 333
BRAZIL 271 208 247 232 216
UNITED KINGDOM 247 222 222 185 288
ECUADOR 233 298 218 239 205
NETHERLANDS 196 143 165 136 127
COLOMBIA 149 257 203 186 148

Note: The data in the tables above exclude oil imports into the U.S. territories.

heres the link

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

[Bopeye]

The economy has been going down hill for a year and it that time gas prices kept climbing.

What happened that started gas to start coming down?

Bush started talking about lifting the ban on off shore drilling. That helped the market some. We saw almost an immediate .20 cent drop when that happened.

Then the press just kept telling us the economy was getting worse, so what did we do? We quit driving as much. Oh sure we still went to our jobs and such, but we didn't go a lot of other places that we might normally have went just for fun. That lessened demand.

The rest of the worlds economies have been tanking as well including China. Since china is getting to be one of the BIG BOYS this lessened the demand for crude as well.

It's just like anything else having to do with economics. It's a supply and demand thing. So we as consumers did indeed impact the gas prices, we just didn't do it on purpose.