I know what gasoline is, but senior coffee??
CSA
The environment. When gas shot to 2+ bucks a gallon, all of a sudden people were looking to unload their ridiculous Excursions that got all of 16mpg. I remember getting insane offers on my CRX at the time because people were so desperate to use less gas.
And on top of that, all of a sudden a bunch of people were interested in buying electric cars and wondering why we hadnât really progressed beyond the golf cart stage. And now look. We have Teslas, plus electric Nissans, Audis, BMWs, and even Hyundais.
And to head the stupid off at the pass before someone embarrasses themselves, yes Iâm well aware that some electric cars will be charging on electricity generated by coal. The difference is that a gas-powered car can only ever run on gas. You canât make it not pollute or not use fossil fuels, whereas when your power company fires up a solar or wind plant and shuts down the coal plant, your car is suddenly running on clean power.
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One non-controversial thing I can say is that last week was a good time to rent a 26â moving truck and hire your own movers rather than hire a moving company that would soak up all the fuel savings in extra profits.
https://www.whydonâtyoujustgiveusasummaryofthenewsarticleandprovidethelink?.html 
Of all people, Iâm surprised youâd be the one asking someone else to do the intellectual heavy lifting for you when it comes to reading an article. Donât you want to form your own opinion on the article?
If the pay-to-read firewall is the issue, right click the link, click âsave link asâ and then save the HTML document on your computer before opening.
That agreement has had ZERO impact on the oil markets, WTI is at $23/bbl just now. The market is flooded, even a 10 million barrels a day cut is not enough.
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Yes, I do form my own opinions, certainly, but I stay up on the news, from many sources and donât have to read more about this topic. I donât need more news sources.
However, since this is a discussion forum (and this discussion is posted as a General Discussion topic) I figure that when somebody posts a link that theyâd have an opinion as part of the discussion, otherwise itâs just one more article in thousands that I can read. Not to mention, I donât get much useful information from that particular source.
A link all by itself is just more click bait to me.
CSA
Gas is $1.17 at Sams and Costco, 1.27 at Quick Trip.
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And while most are struggling to survive the pandemic and Wall St debacle the investment bankersâ worm hole is again ready to pour all that Fed liquidity out to those âsmart peopleâ through CDSs again. The coming party will be much larger than the last one. And the rent-a-car fire in Florida seems to be a good indicator of how large and certain the automobile market BUST will be.
IMO, we have to wait and see if the agreement actually results in decreased oil production. IIRC, certain members of OPEC+ have said they would cut production, and didnât do it, or at least didnât drop to the levels they promised.
Is the administration afraid of putting a $20 tariff on oil both imported and exported oil?
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Tariffs are destructive in many ways. I donât see how funneling money to the government is a good thing.
A $20 tariff would increase the price of oil.
Driving by the Mobil station this afternoon, the price has fallen from $2.55 to $2.35. There are reports that somewhere in Minnesota itâs about a dollar. Just like I said before though, my high school chemistry teacher when asked a question would just tell us itâs in the book. There are also quite a few economics books that this might be a good time to look at. Regardless of the commodity, you just canât sustain selling below the cost of production without someone throwing in some funding to compensate. For example there used to be plenty of TP on the shelves for about $1 a roll to serve the normal yearly per capita consumption of 144 rolls. Everyone was happy and the company made enough money to keep making it. So what if all of a sudden someone comes in with a price of 50 cents? The original producers would go out of business, then anyoneâs guess what would happen to the happy balance of price/supply/demand.
Well I would think that you would let the market set the price @bing. Or maybe youâre a Nixon Republican.
I think you have to look beyond just setting the price for a short period of time to drive out the historical suppliers. Once they are gone, guess what happens? Price up to $2, limited supply, etc.? Back to oil, so would you really like to see US producers out of business so we have to rely on the Mideast or Russia instead? Back to where we were under Nixon? Oh yeah and the 55 mph freeway speed limit? Maybe so.
Well like the current administration Tricky Dick wanted it âhis way or the highway.â
I first saw containerized cargo on ships in DaNang harbor and when I investigated it back home I found that Dick was a major investor in Sea-Land⌠Imagine that.
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You canât be serious .
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We have a bloated Yugo on 22 inch rimz in the nationâs garage.
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