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Old 02-26-2012, 07:12 PM   #21
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Quote:
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you mean considering the price of oil drives the price of other goods?
Gasoline Prices Are Not Rising, the Dollar Is Falling

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As this is written, West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of “the dollar”. It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/barrel, and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the value of the monetary unit (euros, yen, and British pounds, respectively) being used to calculate the ratio that expresses the price.

In terms of judging whether the price of WTI is high or low, here is the price that truly matters: 0.0602 ounces of gold per barrel (which can be written as Au0.0602/bbl). What this number means is that, right now, a barrel of WTI has the same market value as 0.0602 ounces of gold.

During the 493 months since January 1, 1971, the price of WTI has averaged Au0.0732/bbl. It has been higher than that during 225 of those months and lower than that during 268 of those months. Plotted as a graph, the line representing the price of a barrel of oil in terms of gold has crossed the horizontal line representing the long-term average price (Au0.0732/bbl) 29 times.

At Au0.0602/bbl, today’s WTI price is only 82% of its average over the past 41+ years. Assuming that gold prices remained at today’s $1,759.30/oz, WTI prices would have to rise by about 22%, to $128.86/bbl, in order to reach their long-term average in terms of gold. As mentioned earlier, such an increase would drive up retail gasoline prices by somewhere between $0.65 and $0.75 per gallon.

At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices.
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Old 02-26-2012, 07:15 PM   #22
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The price of gas will drop just in time for the elections....
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Old 02-26-2012, 09:08 PM   #23
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Tell me about a fake crisis to win an election...remember that whole 911 terrorist color code alert...somehow it was always high during speeches and elections. POINT IS...worked for a re election for Bush, Obama may take that from his book o'tricks!!!
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Old 02-26-2012, 09:18 PM   #24
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Pmoreno^^^^ that guy voted for obama:eek:
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Old 02-26-2012, 09:58 PM   #25
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Quote:
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sounds nice, but there isn't a thing obama can do about gas prices besides releasing reserves and that opens up a whole nuther can o worms
Well, I guess we'll see. I have watched other politicians manipulate things so that things are rosy when it's time to vote.
Obama seems to be pretty slippery.
If it's not gas prices then he will manipulate the economy in other ways or maybe it won't be the economy at all. Maybe he will do something in the middle east or elsewhere that will suddenly boost his ratings in the polls.
This may well be the most important and most interesting election in our lifetimes, much hangs in the balance and the future could be dramatically different depending on which way this goes.

Much better or much worse.
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Old 02-26-2012, 10:02 PM   #26
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Tell me about a fake crisis to win an election...remember that whole 911 terrorist color code alert...somehow it was always high during speeches and elections. POINT IS...worked for a re election for Bush, Obama may take that from his book o'tricks!!!
Yeah Bush was the only one who every jiggeled public opinion when he needed to.
Ol' Clinton never did that.
Neither did Carter.

Let's face it, they are all crooks and to continue to point at Bush like it's all his fault is just childish.
The truth is it's all OUR fault for letting things get so screwed up.
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Old 02-27-2012, 01:01 AM   #27
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i already fill up once a day if it gets to 5-6 a gallon im going to have to find another job.
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Old 02-27-2012, 08:14 AM   #28
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...
Let's face it, they are all crooks and to continue to point at Bush like it's all his fault is just childish.
The truth is it's all OUR fault for letting things get so screwed up.
Why accept responsibility when you can point at someone else?



We vote these into office. We are to blame. If you've ever gone to a voting booth and cast a ballot for the lesser evil then you're part of the problem.
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Old 02-27-2012, 08:20 AM   #29
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Why accept responsibility when you can point at someone else?



We vote these into office. We are to blame. If you've ever gone to a voting booth and cast a ballot for the lesser evil then you're part of the problem.
that's cute.... you still think that the people vote for the president. ever hear of the electoral college? you do know that a president can still win the popular vote but not be elected president right?
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Old 02-27-2012, 08:31 AM   #30
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Quote:
Originally Posted by Solracer View Post
Hate to say this but $5 gas = good for oil and gas around here.

Not necessarily.
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Old 02-27-2012, 08:36 AM   #31
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Quote:
Originally Posted by po-po 5.0 View Post
Not necessarily.
Every one I talk to in our business circles are blowing and going. We are having to tell customers we CANT TAKE THEIR WORK because we cant woke people 24hrs a day 7 days a week. Some of our guys are getting 90+ hours right now.

Just the other day we had a customer call and needed us out there. We told them we couldn't make it. They "threatened" to call our competitor and use them. We actually told them it would be their best bet to get it done. 10 minutes later they called us back and told us we could do it when ever we got free :ROFL:

We are buying more equipment to help with the work load, but our main issue right now is getting people to work for us (for a few reasons). It sucks pretty bad
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Old 02-27-2012, 08:39 AM   #32
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Quote:
Originally Posted by Solracer View Post
Every one I talk to in our business circles are blowing and going. We are having to tell customers we CANT TAKE THEIR WORK because we cant woke people 24hrs a day 7 days a week. Some of our guys are getting 90+ hours right now.

Just the other day we had a customer call and needed us out there. We told them we couldn't make it. They "threatened" to call our competitor and use them. We actually told them it would be their best bet to get it done. 10 minutes later they called us back and told us we could do it when ever we got free :ROFL:

We are buying more equipment to help with the work load, but our main issue right now is getting people to work for us (for a few reasons). It sucks pretty bad
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Old 02-27-2012, 08:44 AM   #33
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Quote:
Originally Posted by Solracer View Post
Every one I talk to in our business circles are blowing and going. We are having to tell customers we CANT TAKE THEIR WORK because we cant woke people 24hrs a day 7 days a week. Some of our guys are getting 90+ hours right now.

Just the other day we had a customer call and needed us out there. We told them we couldn't make it. They "threatened" to call our competitor and use them. We actually told them it would be their best bet to get it done. 10 minutes later they called us back and told us we could do it when ever we got free :ROFL:

We are buying more equipment to help with the work load, but our main issue right now is getting people to work for us (for a few reasons). It sucks pretty bad

so does that mean all your employees have gotten raises since business is doing so well?
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Old 02-27-2012, 08:47 AM   #34
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Old 02-27-2012, 08:48 AM   #35
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lol.... we've got some ballz 'round heya. chastize then man on his own forum,lol
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Old 02-27-2012, 08:53 AM   #36
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Quote:
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so does that mean all your employees have gotten raises since business is doing so well?
doubt it, why do you they are overworking their employee's and can't keep up.

they don't want to pay the $, so work the dogs you got.

as for good for O&G, yes and no. just cuz a co. wins a contract doesn't mean it'll be done in the US, more and more they are taking the jobs straight overseas for engineering.

on the flip side, the outside world is realizing how much $ they pay "us" and are raising they're rates world wide, which is good for us, cuz they'd rather do the work here vs "china" for the same #
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Old 02-27-2012, 09:01 AM   #37
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doubt it, why do you they are overworking their employee's and can't keep up.

they don't want to pay the $, so work the dogs you got.

as for good for O&G, yes and no. just cuz a co. wins a contract doesn't mean it'll be done in the US, more and more they are taking the jobs straight overseas for engineering.

on the flip side, the outside world is realizing how much $ they pay "us" and are raising they're rates world wide, which is good for us, cuz they'd rather do the work here vs "china" for the same #

that's kinda my point. while the companies are making more money, the employees are not and are still subject to the effects of inflation. yes they are getting plenty of OT, but after a certain point, getting massive OT is not beneficial due to the govt's extreme share beyond a few hours. I know a few nurses that work at 2 different hospitals that way they can make more money without the govt taking an unfair portion.
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Old 02-27-2012, 09:03 AM   #38
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that's cute.... you still think that the people vote for the president. ever hear of the electoral college? you do know that a president can still win the popular vote but not be elected president right?
And how do you think those people got to office? Politicians, for the most part, don't magically get into office without a vote being cast.

Ultimately the public is to blame.


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so does that mean all your employees have gotten raises since business is doing so well?
11% increase over the last 5 months for me personally. Standard across the board for yearly increases was around 5%.
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Old 02-27-2012, 09:06 AM   #39
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How quicly people forget. In 2008 gas prices got roughly that high.

Someone please gewgle "crack spread" to learn about how high prices don't necessarily equate to high profits.
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Old 02-27-2012, 09:09 AM   #40
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Yes, at our company our guys are making more than their positions ever have. They are making more than I was when I left their position and none of them have the experience (nor work ethic) that I did.

Now, I STILL think they dont make what they SHOULD, but yes, they are making more than they were.
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