Oil prices?

[striper283]

in a couple weeks mine is going from 22 miles, to zero.

that meens, i will have $300.00 a month more to buy nightcrawlers

for my walleye rigs.

[skipper19]

CRAP!!!...My fuel expenses went up $1000 in the last month. Now I guess I'll have to eat my angle worms

[ Post made via Mobile Device ]

[Big Water]

I saw an interesting quote today about the economy that made me stop and think:

"As corporate profits skyrocket, even as the economy remains stalled in a deep recession, Americans confront a grim new reality: Our corporations don't need us anymore. Half their revenues come from abroad. Their products, increasingly, come from abroad as well. With each passing year, and even more so during the recession, America's leading corporations grow more and more decoupled from the American economy. Their interests grow increasingly detached from those of our workers, our consumers -- and our economic future. That's why the current downturn is different from its predecessors: Unlike any recession in American history -- including the Great Depression -- this one has come at a time when America's leading employers can return to profitability without rehiring large numbers of American workers."

Not so much gas related but economy, which is partially based on gas. Meyerson brings up some interesting points.

Well said. Government "For the People, by the People" has become government "For the Corporations and by the Corporations". The puppets in Washington do a wonderful job at spreading propoganda making you believe that what they do is in your best interest. Any serious effort to change this is spun as socialism to confuse the masses. Trickle down economics has never worked.

[Has Been]

Don't worry, I'm sure the price will drop in a few months somewhat. Don't you guys see a pattern here? Everytime there is some sort of turmoil or disaster the price goes up . Mega investors aroung the globe throw huge amounts of money in to inflate the price. We spend tons more money for gas . Then when the time is right, the investors sell, pull their profit of bazillions of dollars, and the price drops. Consumers get comfortable again, buy big gas guzzling cars, trucks & boats , homes, save a few bucks. Then comes the next turmoil or disaster, and when the timing is right they invest again,price goes up , & milk us some more& it's all good. Why is that oil in the ground worth so much more today than it was 2 months ago? There is no shortage, so why? Unfortunatly , with a capitalistic society,which I want, this is part of it.

[MCF]

price in Canada has gone up as well, price on the market last week was $102.00 per barrel in 2008 it was 145.00 when gas went to $4.25 per gallon. None of our politicians either Democrats or Republicans has addressed the issue since 1973. You could play the same clips from back then, saying we need to do something but have never done anything about it. On a personal note, you just start trying to combine trips so that you don't make one run to only one store which is what I did when it went over the $3.00 mark in 2005. And if you don't have a huge boat, you look for a more efficient vehicle the next time it comes to trade.

[LongLine]

Unfortunately the "use less" notion doesn't help much as they raise prices in order to maintain their margins/profitability. Investors don't care about the number of gallons, kilowatts, seats or units sold. They only care about the $ brought in.

Tom B.

(LongLine)

[fishfearme]

Well the main problem is not that we get our oil form other countries its because its a globle market, so since china and india sucking up huge amounts of oil daily it causes demand to go up and prices as well. The only thing we can do is protest like by in 08 and the price should fall again or just completly kill the economy.

Steady supply and increasing demand, this coupled with any kind of instability in the marketplace will always cause prices to go up. Lets face facts as the worlds population goes up the demand for oil will continue to rise. The supply has already hit the top of the bell curve and we are sliding down the backside of"economicly availble rescource". Any oil we find now will be expensive to extract. Hence higher prices.

Unfortunatly prices fluctuate MUCH faster than wages.

[toad]

It is not only the instability in the Middle East, Africa and speculators that are driving the price of oil up.

A major contributor to the increase in price is the fact that the fed is printing money like a Gatling gun on steroids! This has the effect of devaluing our currency in respect to the rest of the world....we get to buy less with more money. Aren't Mr. Geitner's policies just great?

[spoonfed-1]

Welcome to the board Toad.

Guys, I'm breaking in Toad on the big pond this year.

He's going to crank in a few fish for me in 2011.

Glen

[GAMBLER]

Welcome Toad.

[Capt Vince Pierleoni]

Welcome Toad. Thanks for bringing him onboard, Glen. Oh, and it never hurts that we see "eye to eye" on this issue.

[Has Been]

Geitners a tool but don't put all of the blame on him, cause there's plenty to go around. This train wreck has been coming for some time,he & his boss just added to it . Problem with our cuurency being super strong is other countries can't afford to do buisness with us. More imports than exports.All those manufacturing jobs that went overseas. That's that giant sucking sound you been hearing.Money going out not in.We been giving all our money to the China's & they loan it back to us.What a gig!Got to love Walmart.

I've seen a lot laying on the bottom.Were they sleeping?

[muskybob]

When the h311 are the politicians gonna wake up and start taxing more for company's that left the USA & send their garbage imports back here. It's a dang shame that dollars in the politicians pockets dictate how our economy has fallen.

Open our idle oil fields, build the refineries that we desperately need, & get these dang oil prices back on track. They're sucking the life out of us little by little.

[YodaMage]

I have a slightly different perspective on things. While politicians are morons...and the system is corrupt....American's themselves have to be accountable and also take some blame. It was setup to fail. Blame the banks, blame the companies..but who made people run up 10's of thousands in credit card debt? Who decided that 'middle class' was a 2400 sq/ft 4 bedroom house, 60" plasma TV in 4 rooms, 2 35K new cars in the driveway, a boat, a summer home, etc.. If you try to justify $18 an hour for toll booth takers and $28 an hour with pension and ridiculous benefits for a high school diploma and the ability to turn a screw at AC Delco it was bound to crash and burn. The accountability for the economy has enough to go around. Meanwhile our Labor Secretary comes out supporting the deficit Wisconsin is trying to control...insane.

Before 1980 it was not unheard of to raise a family in a 1200 sq/ft cape or ranch with a couple sharing a car and people managed to survive...happily might I add.

We all helped run off jobs and all helped crash the game. Now we need to do what we can to get it back in control and think of our kids and grand kids futures in doing so. just my .02.

[tcon]

Well said YM.

Tom

[L&M]

I'll 2nd that.

[toad]

Thanks for the welcome guys.

I looking forward to setting sail aboard the Spoonfed. Glenn needs to have more class in his boat and I'm it.

I find this thread and everyone's opinion interesting and thought provoking. A lot of things are going into the increase in oil prices and the deterioration of American superiority. Lots of valid points brought out in this thread.Plenty of blame to go around for everyone of all persuasions and political affiliation. I'm thinking the whole shebang is a house of cards that is about to come tumbling down.

Anyway, fish and enjoy while you can.....and can afford the petrol for your floats.

Looking forward to meeting some of you on the big "O" this coming season.

[LongLine]

American's themselves have to be accountable and also take some blame.

I must have amnesia - I don't remember getting a vote on NAFTA nor a voice on setting the pay levels or pension policies. In fact I don't remember being allowed into the room with the closed door where most of the state/Fed policies & purchases that I have to help pay for were decided upon.

Tom B.

(LongLine)

[spoonfed-1]

American's themselves have to be accountable and also take some blame.

I must have amnesia - I don't remember getting a vote on NAFTA nor a voice on setting the pay levels or pension policies. In fact I don't remember being allowed into the room with the closed door where most of the state/Fed policies & purchases that I have to help pay for were decided upon.

Tom B.

(LongLine)

And I'm not quite sure how some jackwagon living beyond their means is responsible for me paying 500 clams to fill my boat.

Enlighten me.

Glen

[shadster]

Food for thought

Freedom of the press is controlled by those who have one...Conspiracy Theory or the truth?

http://www.infowars.com/lindsey-williams-crude-oil-price-targeted-for-150-200-per-barrel/

[Has Been]

You got a vote for the people who represent you. The ones who are suppose to be doing the right thing.When you depend on weasles to make good decisions, plan on being let down. People living beyond their mean is why we enjoyed the best economy in the world , up untill about a few years ago. A whole lot of people benifited from those Jackwagons, myself included.

LL , you are a smart guy, you should run for political office. I would vote for you.

I didnt here to much bellyacheing when the stockmarket was flying high, money was free , & the economy was flying. Greenspan himself admitted that he & others knew that it would not last & what could happen . Then said, " But no one wanted to be the one to make it stop".A lot of us knew it was wrong also ,but said little.

Americans spend to much,save little & want cheap stuff. Greedy corperate heads want high profits & cheap labor & move good paying jobs overseas. Lots of money goes out of the country & not much back in, like raiding your bank account , we were rich ,now broke& less influential.Dollar devalues. Americans still spend to much, save little & want cheap stuff & figure they are entitiled to it.To get elected polititians borrow from China& give it to them to keep them happy. Worldwide turmoil & or disaster. Investors,not supply & demand, drive up price of oil for their profit. 500 clams.

Consider yourself enlightened.

[spoonfed-1]

What a bunch of crap.

You just enjoy hearing yourself ramble on without answereing any questions and when somebody disputes your opinion you will just ramble in a different direction.

The price of oil was on the rise way before the economy hit the toilet.

Way before the housing market crash or any credit problems

A statement like supply and demand doesn't effect the price of oil and contribute to my $500.00 bill is just more hot air.

You are not enlightening at all.

[Has Been]

How is that a buch of crap? Speculators are the ones who are driving the price up on oil. Not supply & demand.The economy started going in the toilet right around the Enron days ,when faulty bookeeping was found in many companies to overinflate the stock prices during Clinton admin. Remember? It just took till Oct of 08 to hit the fan& for most to realize it because of years of smoke & mirrors.If we had a growing economy & paychecks& strong dollar, the addl gas price would not be so hard to swallow.

Spoonfed, I gave you answers, you choose not to listen or do not understand. .At this point I could tell you the sky was Blue & you would say the same.If you read cafefully with an open mind you will see that I said it was NOT S&D , it was speculation . On they way home I heard comments from a Raymond James investment advisor say the EXACT same thing & smiled. Then I walk in & read this.

Americans do have to take some responsiblity.How many guy out there with every toy ( Big boat& house , snomobile, wheeler, Hummer) could stay afloat for 1 year of even 6 or 3months without the help of the gov or family if they lost their paycheck tommorow on savings ?My guess would be not many. When they don't we all pay. Just like being on that Ball team. One or two guys screw up ,we all loose.

Spoonfed, thought you guys wer'nt talking to me?

[LongLine]

You got a vote for the people who represent you. The ones who are suppose to be doing the right thing.

That’s true, however when he/she changes his mind and breaks or “rewords†his promises, I don’t get a chance to “re-vote†or change my vote. I also don’t get that opportunity when he appoints that “jerk†running the public authority or “chairman†who actually sets up the rules/codes or decides how much budget his dept could waste on which projects. I don’t get a say on which “feasibility†studies that these depts will spend millions on.

Americans spend to much,save little

Same thing New York State has been doing. Unfortunately it always falls on the little guy’s shoulders to pay for the damage that these guys have done, after the fact.

Tom B.

(LongLine)

[spoonfed-1]

How is that a buch of crap? Speculators are the ones who are driving the price up on oil. Not supply & demand.The economy started going in the toilet right around the Enron days ,when faulty bookeeping was found in many companies to overinflate the stock prices during Clinton admin. Remember? It just took till Oct of 08 to hit the fan& for most to realize it because of years of smoke & mirrors.If we had a growing economy & paychecks& strong dollar, the addl gas price would not be so hard to swallow.

Spoonfed, I gave you answers, you choose not to listen or do not understand. .At this point I could tell you the sky was Blue & you would say the same.If you read cafefully with an open mind you will see that I said it was NOT S&D , it was speculation.

Hasbeen, What makes it crap is I posted a question in response to a claim made by another poster.

I was hoping to get an intelligent response, hopefully with some facts to back up the statement and instead I got you.

My hopes of an intelligent response and ANY facts are gone.

Spoonfed, thought you guys wer'nt talking to me?

Don't have a clue what you are talking about.

I can only speak for myself when I say I will typically ignore your posts because I don't believe I have ever read anything worthwhile in any of them.

Especially the fishing related posts.

Hell, I wouldn't be involved in this one had you not directed your opinions at me.

There is no conspiracy that I know of.