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Michigan Becomes First State to Welcome Back Sub-$1 Gas

Samhain said:
The US oil production isn't completely dead yet. Doubt they will cut back until those operations are fully wound down.
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imyoda said:

and projected to go lower........one of the unanticipated benefits of the Iranian Nuclear deal
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Hardly.

It's far more directly tied to the Saudis pulling a Rockafeller move to drive the native US oil production out of business, and / or wanting to reduce / eliminate the ISIS profits from their selling their oil on the black market (don't think that there's anyone who wants to admit to dealing / supporting with them).

At least the Russians have the common sense to bomb the ISIS oil trucks, storage and processing facilities. The wimpy US administration just can't bring itself to admit the practicality of these actions due to the extremist Ecomentalist ideology, misplaced in a time of war and military conflict such as this.
 
eohrnberger said:
hardly.

It's far more directly tied to the saudis pulling a rockafeller move to drive the native us oil production out of business, and / or wanting to reduce / eliminate the isis profits from their selling their oil on the black market (don't think that there's anyone who wants to admit to dealing / supporting with them).

At least the russians have the common sense to bomb the isis oil trucks, storage and processing facilities. The wimpy us administration just can't bring itself to admit the practicality of these actions due to the extremist ecomentalist ideology, misplaced in a time of war and military conflict such as this.
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really?
 
Low crude prices are actually not good for the US or world economies. High prices aren't either. A median of around $70-90 would be good for both.
 
Mmmm, yeah, but you still have to live in Michigan.
 
ok well i can tell you firsthand the state average is a lot closer to $2

also, anyone in the tri-state area can tell you that in reality anything north of mount pleasant is in canada
 
fmw said:
When I first began driving gas was 25 cents per gallon. In the mid 1990's gas was just under $1.
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I remember getting my license in 66 and you could get four people to throw in a quarter or fifty cents each and drive around for the evening on just that.

Oh the Glory Days in my 56 Chevy!!!!!
 
haymarket said:
I remember getting my license in 66 and you could get four people to throw in a quarter or fifty cents each and drive around for the evening on just that.

Oh the Glory Days in my 56 Chevy!!!!!
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I remember when I could take a girl on a date that included dinner and a movie for less than $5. My brand new 1964 Volkswagen cost $1600. You could buy a newly constructed house for less than $20,000. My first job out of the Army paid me a net of $97 per week, somewhat below average for the time. How's that for inflation!
 
fmw said:
I remember when I could take a girl on a date that included dinner and a movie for less than $5. My brand new 1964 Volkswagen cost $1600. You could buy a newly constructed house for less than $20,000. My first job out of the Army paid me a net of $97 per week, somewhat below average for the time. How's that for inflation!
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How long did that VW bug last you?

AAAHHHH - the gold old days. Of course we made $1.60 per hour then too.... at least I did in 1966 in high school.

One of my favorite memories as a kid was riding my bike to the drug store and buy comic books for ten cents each. Then they raised the price to 12 cents and I thought that was criminal. You could get a Hersheys bar for a nickel. In high school, we could go across the street to a Burger Chef restaurant and get a burger, fries and a drink for 42 cents.... 45 if you wanted to upgrade to a malt or shake.

Damn - getting old is not for sissies.
 
Captain America said:
When I was 16 I worked at Blackie's Shamrock station. I would pump your gas for you, check your oil and the air in your tires, wash your windshields and give you greenstamps for 17 cents a gallon!

"Fill 'er up with Ethyl."
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It was sad seeing those gas stations disappear. I remember pulling up and there would be two options. Self Serve or Full Service. Then Full Service just faded away.
 
Samhain said:
Filled up for 1.65 in Ohio this morning(froze my ass off w/ -15 wind chills).

Trying to figure out though if cheap gas prices are good for everyone or a signal of impending economic collapse. Depends who you listen to and when.
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It's hurting a lot of folks here in New Mexico where the fossil fuel industry is rather a large part of revenue for the state and many workers here.
 
haymarket said:
How long did that VW bug last you?

AAAHHHH - the gold old days. Of course we made $1.60 per hour then too.... at least I did in 1966 in high school.

One of my favorite memories as a kid was riding my bike to the drug store and buy comic books for ten cents each. Then they raised the price to 12 cents and I thought that was criminal. You could get a Hersheys bar for a nickel. In high school, we could go across the street to a Burger Chef restaurant and get a burger, fries and a drink for 42 cents.... 45 if you wanted to upgrade to a malt or shake.

Damn - getting old is not for sissies.
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I used it through college. I sold it when I got a new car as a graduation present. Across the street from our high school was a mcdonald's, a new thing in those days. The big arched sign said "over a million sold" and they sold basic hamburgers for 15 cents. The local drive in was called Scotty's. 39 cents would get you a hamburger, fries and a soft drink.
 
fmw said:
I used it through college. I sold it when I got a new car as a graduation present. Across the street from our high school was a mcdonald's, a new thing in those days. The big arched sign said "over a million sold" and they sold basic hamburgers for 15 cents. The local drive in was called Scotty's. 39 cents would get you a hamburger, fries and a soft drink.
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You beat me by three cents. :cool:
 
Anyone remember before the AGW cultists took the forefront, when we were supposedly running out of oil, you know, the non-renewable resource?
 
clownboy said:
Anyone remember before the AGW cultists took the forefront, when we were supposedly running out of oil, you know, the non-renewable resource?
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lulz. You're like the kid who inherits his parents fortune. Has millions of dollars and therefore thinks millions of dollars fall from the sky.

Oil is running out and it's a good idea to address the situation now than before it turns into an emergency. The AGW movement isn't perfect but to pretend our limited resources are unlimited is patently absurd. :roll:
 
clownboy said:
Anyone remember before the AGW cultists took the forefront, when we were supposedly running out of oil, you know, the non-renewable resource?
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Brother, let me tell you. NEVER believe the ol' "Oil supplies are running low," crap. I remember back in the Carter era with lines around the block, at the gas pumps.

We run out when they say we run out. A month later, God makes more and it flows like water again. Yeah, right.

Oil supply is totally manipulated by the industry, (not that social and political influences does not affect prices as well.)

I am reminded of my younger years when I worked the oil patch. I brought in so many high production wells both offshore and in the Austin Chalk that we're capped waiting for oil price peaks.
 
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