If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   The oil market has absolutely no idea what the hell it's doing, so enjoy cheaper gas before the investment houses figure out a way to reverse their trades   (cnbc.com) divider line 17
    More: Obvious, West Texas Intermediate, Brent Crude, deceleration, bear markets, economic slowdown, RBC Capital Markets, crude oil price  
•       •       •

1600 clicks; posted to Business » on 13 Apr 2013 at 9:58 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-04-13 10:03:36 AM
Thanks Obama!
 
2013-04-13 10:28:06 AM
but but but but all of our models and expert opinions have said that oil should be going higher!!!
LOLOLOL
 
2013-04-13 10:32:00 AM
$3.19 yesterday in Tulsa, ok

Of course I drive a diesel pickup

$3.67 for diesel

But they both may have gone down again
 
2013-04-13 10:35:51 AM
3.49 for reg unleaded this morning

Dallas Texas
 
2013-04-13 11:59:05 AM
FTFA: "The increasing fuel economy of U.S. vehicles and the country's growing energy production "absolutely suppresses petroleum demand,"Hastings said. "Massive secular themes are playing into it."

Well halle-farking-luiah
 
2013-04-13 12:04:27 PM
Is that article *complaining* that oil prices are falling? That's a new one.

Oh, those poor oil men. Losing profit percentages hand over fist. Please...America...won't you think of the suffering oil billionaires and speculators?
 
2013-04-13 12:23:58 PM

whistleridge: Is that article *complaining* that oil prices are falling? That's a new one.

Oh, those poor oil men. Losing profit percentages hand over fist. Please...America...won't you think of the suffering oil billionaires and speculators?


This article is from CNBC, where one of the hosts (Joe Kernen) complained that fining banks for criminal wrongdoing was bad because it took money out of the economy.
 
2013-04-13 12:58:37 PM

geek_mars: FTFA: "The increasing fuel economy of U.S. vehicles and the country's growing energy production "absolutely suppresses petroleum demand,"Hastings said. "Massive secular themes are playing into it."

Well halle-farking-luiah


whistleridge: Is that article *complaining* that oil prices are falling? That's a new one.

Oh, those poor oil men. Losing profit percentages hand over fist. Please...America...won't you think of the suffering oil billionaires and speculators?


What did they expect?  That a country full of people with shrinking wages were going to take a quadrupling of oil prices lightly?  That we were going to keep paying high amounts for gas simply because we had to?  I wonder what assholes like this really think of capitalism because they are doing it wrong:  they could have maintained the status quo for decades more by keeping gas steady.  Instead, they got greedy, and now they're biatching that we got in the way of their profit margins.
 
2013-04-13 02:37:25 PM
In theory, ongoing geopolitical turmoil should justify higher prices. Yet energy analysts say the market has grown increasingly jittery over a spate of bearish economic figures

Sorry to break the news to you analyst dude, but North Korea has no significant oil resources.
 
2013-04-13 03:03:03 PM
What cheaper gas?
($4.19 Oakland)
 
2013-04-13 03:51:22 PM
3.17 and dropping in SC.  With bonus points from our grocery store I can cut up to a dollar a gallon off of that, though only once a month or so.
 
2013-04-13 04:10:37 PM
 
2013-04-13 09:05:54 PM
Remember a few weeks ago when gas prices suddenly rose after several weeks of steady drops?  Remember how some of us thought that was weird since demand was still relatively low and supply was high?  And remember how some of us said it was all bullshiat and that it was just speculators jacking around with the market?  And remember how all the Really Smart People on Fark popped up and started wagging their fingers and lecturing us about supply and demand and refinery capacity and other Very Meaningful Statistics?

Good times.
 
2013-04-13 11:38:38 PM
Obviously it is because all the smart investors have moved from commodities to Bitcoin because it is so much easier to manipulate the prices in that market.
 
2013-04-14 08:18:02 AM
Does the name Marc Rich mean anything ?
 Big time oil speculator and Republican Campaign donor and Bush contributor.
Plus Bush future attorney General was Marc Rich lawyer !

What was Marc Rich's alleged crime?

In 1983, Rich was indicted in federal court of evading more than $48 million in taxes. He was also charged with 51 counts of tax fraud and with running illegal oil deals with Iran during the hostage crisis.


Read more:  http://www.time.com/time/nation/article/0,8599,99302,00.html#ixzz2QRH f xSKB
 
2013-04-14 10:18:17 AM

Dr.Mxyzptlk.: Does the name Marc Rich mean anything ?
 Big time oil speculator and Republican Campaign donor and Bush contributor.
Plus Bush future attorney General was Marc Rich lawyer !

What was Marc Rich's alleged crime?

In 1983, Rich was indicted in federal court of evading more than $48 million in taxes. He was also charged with 51 counts of tax fraud and with running illegal oil deals with Iran during the hostage crisis.


Read more:  http://www.time.com/time/nation/article/0,8599,99302,00.html#ixzz2QRH f xSKB


That's the guy Clinton pardoned, no?
 
2013-04-14 06:25:14 PM
Why is it that, when the price of gas goes up, everybody complains that the oil companies are greedy, but, when the price goes down, nobody says that they've stopped being greedy?
 
Displayed 17 of 17 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report