2014 Gasoline Price Forecast

[Pulsar]

So..... despite McOwned being a single-voiced cheerleader for the Oil Thugs to raise gas prices JUST so he can then complain about it and scream "Oil Thugs!" at everyone...

...gas prices are still running under $3?

That's some strange self-McOwnership right there.

It's self fulfilling though. Because eventually you know that the price is going to rise again, and then this thread will be filled with his mental vomit about how they're screwing us all over again.

I actually feel bad for him. It's clear he's got some type of mental illness, and I don't think being continually mocked here is helping him.

 

[OutHouse]

costco i go to is down to $2.72. that a 11 cent drop since last sunday.

 

[Meghan54]

Bouncing around $2.45 here. Hard to find any above $2.50 unless you cross over to GA. Then again, GA's roads tend to be in better shape, esp. the secondary highways.

 

[dmcowen674]

Just remember when your resident Oil Thug Thieves proclaim there is no oil that it was purposely taken offline:

11-29-2014

http://www.bloomberg.com/news/2014-...texas-shale-turn-unprofitable.html?cmpid=yhoo

Oil at $75 Means Patches of Texas Shale Turn Unprofitable



With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.

Those areas, which include parts of the Eaglebine and Eagle Ford in East and South Texas, pumped about 413,000 barrels a day

“Everybody is trying to put a very happy spin on their ability to weather $80 oil, but a lot of that is just smoke,” said Daniel Dicker, president of MercBloc Wealth Management Solutions with 25 years’ experience trading crude on the New York Mercantile Exchange. “The shale revolution doesn’t work at $80, period.”


http://www.bloomberg.com/news/2014-...de-before-target-on-oil-slump.html?cmpid=yhoo

Shell May Close Norway Field a Decade Before Target on Oil Slump



Royal Dutch Shell Plc (RDSA) may close its Draugen oil field in the Norwegian Sea a decade earlier than in a prior assessment of the area’s potential lifespan because of rising costs and a slump in oil prices.

 

[Londo_Jowo]

Just remember when your resident Oil Thug Thieves proclaim there is no oil that it was purposely taken offline.

LMAO!!! No one has stated nor will state what you claim.

None the less gas prices are still dropping or holding steady.

 

[IndyColtsFan]

Gas in the $2.60-$2.70 range all over Indy. It was low $2.80s when I ran errands yesterday, and these were at stations right on the interstate.

Watching McOWNED squirm, deflect, lie, and try to dig himself out of his hole is pretty entertaining though.

 

[cabri]

McOwen expects to get paid for his labor but companies are required to lose money

 

[Tweak155]

Gas went down again this week, as low as $2.50's in some areas, but $2.60's by me. I really can't complain right now.

 

[jhu]

I'm sure all my fans are thrilled their Oil buddies are price gouging for the Thanksgiving Holiday.

You have fans?

Meanwhile I'm doing my part to decrease demand:

.

What have you been doing other than wasting anandtech's bandwidth?

 

[moonbogg]

You have fans?

Meanwhile I'm doing my part to decrease demand:

.

What have you been doing other than wasting anandtech's bandwidth?

Why is the plastic cracked? Did you rear end someone?

 

[jhu]

Why is the plastic cracked? Did you rear end someone?

That's actually dog hair. Haven't gotten my car cleaned yet due to the drought.

 

[hal2kilo]

It's self fulfilling though. Because eventually you know that the price is going to rise again, and then this thread will be filled with his mental vomit about how they're screwing us all over again.

I actually feel bad for him. It's clear he's got some type of mental illness, and I don't think being continually mocked here is helping him.

Everyday is Groundhog day for Dave.

 

[Pulsar]

McOwen expects to get paid for his labor but companies are required to lose money

He was fired for using our people's resources without permission. What do you think?

 

[dmcowen674]

Here we go back up up up

11-21-2014

http://finance.yahoo.com/news/oil-nears-80-possible-opec-093951426.html

Oil nears $80 on possible OPEC cut, strong U.S. data



Brent crude oil rose towards $80 a barrel on Friday on speculation OPEC could agree output cuts at a meeting next week, with strong U.S. economic data also bolstering prices.


Oil prices were supported by a raft of U.S. economic data showing the world's largest economy and single biggest oil consumer was growing faster than many economists had expected.

 

[IndyColtsFan]

He was fired for using our people's resources without permission. What do you think?

He should've been thrown in the clink as well.

 

[OutHouse]

costco i go to is down to $2.72. that a 11 cent drop since last sunday.

down to $2.65 this morning.

7 cent drop in 3 days.

 

[Meghan54]

He was fired for using our people's resources without permission. What do you think?

He should've been thrown in the clink as well.

Bu..bu....bu....bu...but, it's only a screen saver!


Gas holding around $2.45. Bottom? Been there for almost a week now.

 

[Londo_Jowo]

It's like watching the movie Sybil, one post complains about low oil prices causing oil companies to reduce or stop drilling due to costs that make extracting the oil unprofitable and then another post complaining that OPEC countries may reduce output which will result in higher oil prices as current prices are hurting their economies.

Is there a disease that causes one to be a chronic complainer???

 

[IndyColtsFan]

Is there a disease that causes one to be a chronic complainer???

I believe Dave's affliction is called acute loseritis.

 

[Londo_Jowo]

I believe Dave's affliction is called acute loseritis.

I also think he may suffer from severe octorectitus* as well.

* nerves in the eyes get crossed with those in the rectum causing the person to have a shitty outlook on life.

 

[dmcowen674]

Remember the Oil Thug supporters in here said they wouldn't shut down wells:

11-21-2014

http://www.bloomberg.com/news/2014-11-21/u-s-oil-rig-count-drops-to-1-574-baker-hughes-says.html

Drilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields



The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week.



Oil prices have tumbled 29 percent from this year’s peak, pausing a surge in drilling in U.S. shale plays that has propelled domestic crude production to the most in three decades and brought retail gasoline prices below $3 a gallon for the first time since 2010.


==============================
Meanwhile check this out


11-22-2014



http://finance.yahoo.com/news/153-old-oil-well-hasnt-050100975.html

The 153-Year-Old Oil Well That Hasn't Stopped Pumping Yet



About 70 miles north of Pittsburgh, a pothole-pocked dirt road along the side of a warehouse leads to a solitary oil well, undeterred by the recent plunge in crude prices.


McClintock No. 1, the world's oldest continually producing oil well, is still going after 153 years, quietly churning out about 1/10 of a barrel a day from a small spot in a clearing of trees.

Crude bubbles up from this 625-foot chasm regardless of the swings in oil prices, which have slid 30 percent in the past five months amid a glut in global supply. On its best days, McClintock yielded about 175 barrels. It's survived through all the industry's highs and lows, from busts that sent prices below $1 per barrel during the Great Depression to booms that sent them over $140 in 2008.

The well's output today is sold to a fuel company to make motor oil, but that's not really why it's still in operation.

"It's history," said Susan Beates, the 54-year-old curator and historian at the Drake Well Museum, an institution that operates the well for the Commonwealth of Pennsylvania. "It's definitely not economically viable right now. It's about the status."

 

[Londo_Jowo]

The only one making all these claims is the little voices in your head Sybil McOwned.

 

[IndyColtsFan]

The only one making all these claims is the little voices in your head Sybil McOwned.

I really think he is mentally ill. No one can be this delusional.

 

[Sulaco]

$2.57 here.

The lowest I've seen it since...well...probably since living here. Years, anyway.

Good job, Dave.

 

[Wreckem]

Remember the Oil Thug supporters in here said they wouldn't shut down wells:

11-21-2014

http://www.bloomberg.com/news/2014-11-21/u-s-oil-rig-count-drops-to-1-574-baker-hughes-says.html

Drilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields



The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week.



Oil prices have tumbled 29 percent from this year’s peak, pausing a surge in drilling in U.S. shale plays that has propelled domestic crude production to the most in three decades and brought retail gasoline prices below $3 a gallon for the first time since 2010.


==============================
Meanwhile check this out


11-22-2014



http://finance.yahoo.com/news/153-old-oil-well-hasnt-050100975.html

The 153-Year-Old Oil Well That Hasn't Stopped Pumping Yet



About 70 miles north of Pittsburgh, a pothole-pocked dirt road along the side of a warehouse leads to a solitary oil well, undeterred by the recent plunge in crude prices.


McClintock No. 1, the world's oldest continually producing oil well, is still going after 153 years, quietly churning out about 1/10 of a barrel a day from a small spot in a clearing of trees.

Crude bubbles up from this 625-foot chasm regardless of the swings in oil prices, which have slid 30 percent in the past five months amid a glut in global supply. On its best days, McClintock yielded about 175 barrels. It's survived through all the industry's highs and lows, from busts that sent prices below $1 per barrel during the Great Depression to booms that sent them over $140 in 2008.

The well's output today is sold to a fuel company to make motor oil, but that's not really why it's still in operation.

"It's history," said Susan Beates, the 54-year-old curator and historian at the Drake Well Museum, an institution that operates the well for the Commonwealth of Pennsylvania. "It's definitely not economically viable right now. It's about the status."

You are equating not drilling to shutting down wells.

That is not the same thing. While a halt in drilling slows down production in a shale play, it is not the same thing as shutting down a well and capping it.