Jumped almost 11 fantastic American dollars yesterday! INCREDIBLE.

The industry is in such a mess that at this point there are dozens of different places to place blame.

Oil companies ..... refineries ...... lack of new access (according to Exxon and Chevron CEOs) ..... speculators/traders ...... OPEC ...... Asia (for diverting a lot of the middle east's oil)....... decreased exports from our largest partners, Venezuela and Mexico ...........


These all make sense but what upsets me the most is how other issues affect the price of oil:

Bombing of a pipeline in Nigeria, Isreali official saying bombing Iran is unavoidable, Morgan Stanley's dire prediction about the direction of oil, uncertainty as to new direction of American politics.............WTF?? What ever happened to letting supply and demand dictate how a financial instrument or commodity is traded and priced???

/end rant

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'04 2wd with PRG stuff......



"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." --George W. Bush, Feb. 28, 2008

Ever see what a cat in a roomful of rocking chairs looks like? If not, just look at futures traders on the market floor. Someone sneezes somewhere and the market takes a dive. I swear, they don't seem to own a pair of ballz between the lot of 'em.

Red

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2005 Titan KC SE, Helwig, True-Track, ARE MX Canopy

I disagree. I think they know exactly what they are doing. It is purposeful, deceiving, and shows nothing but greed. Did I say that out loud?

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2007 Titan KC SE 4x4 w/popular package, capt. chairs, and utility bed option. Westing grill/brush guard, Westin nerf bars, KC lights, Lund sunvior 2 w/light kit, BFG AT KO's on AR fuel 8 rims, Extang soft tonneau, Astro long range remote start, PRG leveling kit, Stillen SS dual rear exit cat back. Scottsbro23 custom engine cover

That and conditioning us in thinking that $3.50 is now cheap!

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2004 White SE, CC, BT, Off Road 4x4
• Banks Monster Exhaust • Pro Comp 6" Stage II • PRG Radflo External Reservoir Coilovers w/King Springs • EBC Slotted Rotor • Yellow Stuff Pads
• PRG OR Traction Bars • American Racing Chamber w/Teflon 17" • BFG T/A KO 315/70 17 • Active Tuning Grounding Kit
• FramBoost Air Intake • XM Satellite Radio • Hoppy Assist Tailgate • Grillcraft Black Mesh Grille • TruTrac

Wahoo

Like after Katrina when this all got started.

I am going to ask my employer if they can pay me more per hour on days when I "think" I may have to work harder. Only I should be allowed to determine those days and they must accept what ever explanation I provide without question. What is good for one should be good for all.

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2007 Titan KC SE 4x4 w/popular package, capt. chairs, and utility bed option. Westing grill/brush guard, Westin nerf bars, KC lights, Lund sunvior 2 w/light kit, BFG AT KO's on AR fuel 8 rims, Extang soft tonneau, Astro long range remote start, PRG leveling kit, Stillen SS dual rear exit cat back. Scottsbro23 custom engine cover

it's both. floor traders/speculators are too sensitive but they get this way to protect their money. dollar falls on Friday so instead of being patient because it's been on an incline the past few sessions, they panic, afraid they'll lose their dollar deposits and start hedging by buying up oil and gold.........too f ucking sensitive!

(pardon the long run-on sentence above, lol)

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'04 2wd with PRG stuff......



"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." --George W. Bush, Feb. 28, 2008

........EXACTLY!

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'04 2wd with PRG stuff......



"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." --George W. Bush, Feb. 28, 2008

I was recently asked why the oil companies are not freaking out and raise'n all sorts of cain because of the increase in the cost of their raw material, which is the notorious barrel of oil .... I don't remember if this has been discussed recently, but I'll bring it up anyway .... oil companies make a profit in refining a barrel of crude oil ... the difference between what the oil company pays for the barrel of oil and what they sell it for after refining it is called the "Margin" or profit .... EXAMPLE: Say a barrel of oil cost $100 and after refining it sells for $110 .... a "Margin" of 10% was realized .... $10 bucks profit per barrel of oil refined ..... now, let's say that a barrel of oil increases to $200 ... and the "Margin" stays the same at 10% .... the profit on the barrel of oil is $20 ..... The oil company has doubled it's profit .... yet can stand flat-footed, look you straight in the eye, and truthfully tell you that they have not raised their "Margin"..... Does anybody want to know what the real "Margin" is in the oil refining business these days?

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'04 SexySilver KC XE ....120k miles....the usual mods.

Mr. B, this is the part that no one really knows and really doesn't care. The bottom line is we hear how how much "profit" they're making each quarter. I don't care that the margins are low, but I do care when they're making a 41 billion dollar profit despite "their" low margins?

Then thay have te nerve to go on national TV and to justify their "profits" and tell us how much it cost to refine and research new energy.... agian, the bottom line is they are making a 41 billion dollar profit dispit all of their cost!

I'm not spouting off and saying the oil companies are the sole reason for our misery, Opec, oil traders, India, China, us buying these big SUV and trucks maybe even the government, but they are playing a huge part.

I just wonder how they sleep at night knowing there killing the economy.

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2004 White SE, CC, BT, Off Road 4x4
• Banks Monster Exhaust • Pro Comp 6" Stage II • PRG Radflo External Reservoir Coilovers w/King Springs • EBC Slotted Rotor • Yellow Stuff Pads
• PRG OR Traction Bars • American Racing Chamber w/Teflon 17" • BFG T/A KO 315/70 17 • Active Tuning Grounding Kit
• FramBoost Air Intake • XM Satellite Radio • Hoppy Assist Tailgate • Grillcraft Black Mesh Grille • TruTrac

Wahoo