$2.20 And Lower. Prices Going Down Down Down

[cincygreg]

Welcome back Trav.

That's like three or four times that we've agreed this year reason [img]eek.gif[/img]
SCARY SCARY STUFF! [img]eek.gif[/img] [img]rolleyes.gif[/img] [img]graemlins/hmmm.gif[/img]

[reason]

Originally posted by cincygreg:
They can think whatever they want about gas prices. If they happen to agree with me, so be it.

Dont really see a corelation between sexual preferance and gas prices, but whatever.

I've Been Checking out some of the new hybrids at work, and man are they nice! [img]graemlins/thumbs_up.gif[/img]

<font size="2" face="Verdana, Helvetica, sans-serif">A University of Chicago economist did a study on sexuality and attitudes toward energy prices and found a strong correlation between disliking higher prices and liking lower prices.

[cincygreg]

But pretty much everyone likes a good deal and a fair price, so I think their numbers may be off a bit.

Unless they are suggesting that, well, everyone is gay.
And then I know their numbers are off LOL!

I really dont see any corelation between the two things, but like I said. They can think what they want to about gas prices, it's a free country.

[reason]

I think it had more to do with the level that gay people appreciate lower gas prices and their willingness to express that appreciation.

Gay people tend to have more disposable income to travel and attend Broadway musicals. The lower gas prices merely enable more of this favored activity, and I think this is where this economist is coming from.

The topic of appreciation of lower gas prices is fascinating, I think.

[cincygreg]

You're so smart The Big Sexy. I want to bear your children.

<font color="#a62a2a" size="1">[ September 25, 2006 09:22 AM: Message edited by: The Big Sexy ]</font>

[reason]

Originally posted by cincygreg:
Downright enthralling [img]graemlins/hmmm.gif[/img] [img]graemlins/sure.gif[/img] [img]graemlins/wonder.gif[/img]

<font size="2" face="Verdana, Helvetica, sans-serif">I do believe you were the one that introduced the topic of satisfaction and dissatisfaction with the fall and rise of gas prices. As a matter of fact, you posted something like 3 times how much you liked the fall of gas prices, so it must be of significant interest to you.

I just wanted to add to the complex layers you provided for this discussion.

[cincygreg]

Yes it was me LOL!

How about deeply thought provoking.

or

slightly more than a little interesting [img]wink.gif[/img]

<font color="#a62a2a" size="1">[ September 25, 2006 09:19 AM: Message edited by: The Big Sexy ]</font>

[reason]

Originally posted by cincygreg:
[QB]You're so smart The Big Sexy. I want to bear your children.

<font size="2" face="Verdana, Helvetica, sans-serif">That's mighty flattering of you, greg, but I'm not sure you have the right birthing hips, nor do I want to see you lift your legs.

[Gunslinger]

http://news.yahoo.com/s/ap/20060925/...4yBHNlYwNmYw--

Oil prices drop below $60 a barrel

LONDON - Oil prices fell below $60 a barrel Monday amid signs of growing petroleum inventories and after BP PLC said it had permission to restart the eastern half of Alaska's Prudhoe Bay oil field.

"Hedge funds and investors have been bailing out because geopolitical tensions have eased and they also realize that inventories are high during this period of seasonally weak demand at the end of summer," said Victor Shum, an analyst with Purvin & Gertz.

Light, sweet crude for November delivery fell 84 cents to $59.71 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. November Brent crude on London's ICE Futures exchange dropped 85 cents to $59.56 a barrel.

As oil prices have fallen, so have prices at the pump. The Lundberg Survey of 7,000 gas stations across the United States showed Sunday that retail gasoline prices dropped nearly 24 cents a gallon in the past two weeks, the third consecutive decline since a mid-August peak. The national average for self-serve regular was about $2.42 on Friday, according to the survey.

Gasoline futures on the Nymex slid 2 cents to $1.4511 per gallon Monday, while natural gas futures fell nearly 18 cents to $4.450 per 1,000 cubic feet ? after its lowest close last week since Sept. 10, 2004. October heating oil futures declined 1.6 cents to $1.6304 a gallon.

BP said Friday it will restart a portion of its Prudhoe Bay eastern operating area, as it conducts an inspection of the crude-oil pipeline.

A leak in March at Prudhoe Bay spilled up to 267,000 gallons, the largest in the history of oil production on Alaska's North Slope. A smaller spill last month led to the shutdown of more than half of Prudhoe Bay's normal production of 400,000 barrels a day. Both spills are being blamed on corrosion.

Oil prices have fallen since the beginning of the month on the lack of developments in the standoff between the
United Nations and
Iran, who defied the U.N.'s Aug. 31 deadline to stop enriching uranium.

The high prices in July and August were largely fueled by concern over the possibility that Iran could disrupt oil supply if sanctions were imposed or if the monthlong conflict between Lebanon and
Israel escalated.

Fears of hurricane damage to U.S. Gulf Coast refineries also drove the market higher this summer but the storms so far have blown past the coast.

The Organization of Petroleum Exporting Countries recently reduced its demand forecast for the remainder of the year, citing weakening demand in the U.S., among other factors, and some cartel members have insinuated that oil prices below $60 could prompt talk of a production cut.

The latest U.S. Energy Department data showed crude oil inventories declined by 2.8 million barrels last week to 324.9 million barrels ? but that is still 5 percent more than last year and well above the five-year average for this time of year.

So much for that vaunted conspiricy theory...

[reason]

According to Citicorp, the two most influential components of oil pricing are inventories and forward interest, both things that can be highly manipulated.

I read your article and it's nothing more than regurgitating the same bullshit oil companies spew. The only difference between me and you is that you buy it.

The reality is...Alaska still isn't providing us will all that oil, Iran is still enriching uranium, Nigeria is still unstable...none of those things have really changed.

When it boils down to it, the world situation is tenuous, and it's crazy to think that all of a sudden the 1/3 drop in the price of gas is because suddenly things are better...

Because they're not.

<font color="#a62a2a" size="1">[ September 25, 2006 11:23 AM: Message edited by: The Big Sexy ]</font>