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Started By
Message
Oil prices past 10 years graph question.
Posted on 1/13/16 at 6:05 pm
Posted on 1/13/16 at 6:05 pm
As you can see from this graph, oil was at $140 bbl summer of 2008. I know that the sub prime housing crash caused the crash in oil prices, but what the hell caused the price to rise so damn high in the first place?
12
Posted on 1/13/16 at 6:06 pm to bhtigerfan
Greed and truck nuts
Posted on 1/13/16 at 6:08 pm to bhtigerfan
quote:
what the hell caused the price to rise so damn high in the first place?
Greedy oil executives and oil futures speculators.
Posted on 1/13/16 at 6:10 pm to bhtigerfan
Platinum and emerald encrusted truck nuts. Some gold ones too.
Posted on 1/13/16 at 6:13 pm to theronswanson
quote:
Greedy oil executives
Well that is a dumb, illogical answer.
If they had the power to get it to $140, why didn't they keep it there? Why haven't they gotten it back there? Why have they let it fall so far now?
Posted on 1/13/16 at 6:14 pm to Oates Mustache
Why is oil less now than in 09 yet gas cost more than back then
Posted on 1/13/16 at 6:14 pm to Oates Mustache
War
Posted on 1/13/16 at 6:15 pm to bhtigerfan
Definitely not supply and demand
Posted on 1/13/16 at 6:15 pm to bhtigerfan
Maybe the big guys going around telling people this and that, knowing good and well it isn't true, but that people will still believe it and throw money at it. My guess of course.
Posted on 1/13/16 at 6:15 pm to theronswanson
quote:
Greedy oil executives and oil futures speculators.
What a dumb comment
Posted on 1/13/16 at 6:17 pm to bhtigerfan
Posted on 1/13/16 at 6:17 pm to bhtigerfan
The US Dlollar being devalued combined with speculation of high demand.
Posted on 1/13/16 at 6:18 pm to Crawdaddy
quote:
Why is oil less now than in 09 yet gas cost more than back then
Taxes, and it probably cost more to refine now than it did then. The crude price doesn't linearly correlate with the price at the pump.
Posted on 1/13/16 at 6:33 pm to bhtigerfan
Oil field wives
Posted on 1/13/16 at 6:35 pm to bhtigerfan
Durka durka mahama jihad
Posted on 1/13/16 at 6:38 pm to bhtigerfan
Demand
Posted on 1/13/16 at 6:46 pm to GoldenD
quote:
Taxes, and it probably cost more to refine now than it did then. The crude price doesn't linearly correlate with the price at the pump.
The federal tax has stayed at 0.184 since 93
Louisiana and Texas also haven't raised gas taxes in over 20 years
So taking inflation into account, you're actually taxed less now
This post was edited on 1/13/16 at 6:48 pm
Posted on 1/13/16 at 6:46 pm to theronswanson
quote:
Greedy oil executives and oil futures speculators.
:rotflmao: :rotflmao: :rotflmao: :rotflmao:
Posted on 1/13/16 at 6:58 pm to KosmoCramer
Every one of you frickers talking about truck nuts must dream of big balls being on your chin.
The percentage of people in the oilfield with those are very low.
The percentage of people in the oilfield with those are very low.
Posted on 1/13/16 at 7:00 pm to TigerBait1127
quote:
So taking inflation into account, you're actually taxed less now
Yep.
That being said, it is pretty surreal to think that I paid $1.58/gallon today and taxes represented 38.41 cents of that price. Without taxes we'd be paying close to $1.20/gallon in LA right now.
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