Gas at $2/gallon? - DFWstangs Forums
 
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post #1 of 13 (permalink) Old 06-26-2008, 02:23 PM Thread Starter
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Gas at $2/gallon?

Quote:
The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.
I'm not buying it just yet.

http://www.marketwatch.com/news/story/gas-could-fall-2-if/story.aspx?guid={2673C102-68E0-41D9-9C9A-10EE2E723948}&dist=MostReadHome

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post #2 of 13 (permalink) Old 06-26-2008, 02:26 PM
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Gas will NEVER be $2 a gallon... ever again.
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post #3 of 13 (permalink) Old 06-26-2008, 02:28 PM
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Would be nice, but somewhat un-realistic standards/expectations of todays society. Heard someone talk about "this is like the 70s, there no reason gas couldnt drop back down to >$1" Sorry, but the only thing that is like the 70s is the price, we arent in a demand crisis.....yet.

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post #4 of 13 (permalink) Old 06-26-2008, 02:47 PM Thread Starter
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Quote:
Originally Posted by Denny
Gas will NEVER be $2 a gallon... ever again.
Never say never.

I watched his testimony on C-SPAN and he did bring up a lot of interesting points.

It was interesting to see his "hot money" charts and how he believes it overwhelmed the hedging positions (true reason for the markets)

I think $2 gas is a pipe dream but under $3 isn't out of the question.

Personally I think, once the Fed adopts a strong dollar policy in actions and not just words, the price will ease to under $100. Doesn't mean it doesn't go to $150-200 before that but dollar has been a major factor in the rise of oil.

On a sad note, I got a letter from FEC Electric explaining to me while there about to put a major ass-raping on me come next month. Seems their hedged natural gas positions expired at the end of last month and they are going to a variable rate wholesale contract with their natural gas provider.

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post #5 of 13 (permalink) Old 06-26-2008, 03:06 PM
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never
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post #6 of 13 (permalink) Old 06-26-2008, 03:22 PM Thread Starter
No Cerveza... No Trabajo
 
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Quote:
Originally Posted by Denny
never
Went online to pay my electric bill and that fugger is up 25% year over year with the same usage. Fuggers.

The good news was I told my wife the thermostat is going to 78 and she replied she'll start walking around the house naked.

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post #7 of 13 (permalink) Old 06-26-2008, 03:23 PM
Packin' up...
 
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Quote:
Originally Posted by 01WhiteCobra
Went online to pay my electric bill and that fugger is up 25% year over year with the same usage. Fuggers.

The good news was I told my wife the thermostat is going to 78 and she replied she'll start walking around the house naked.
GTG at your casa!
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post #8 of 13 (permalink) Old 06-26-2008, 03:24 PM
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Neva!!!!!!!!
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post #9 of 13 (permalink) Old 06-26-2008, 04:27 PM
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Quote:
Originally Posted by 01WhiteCobra
On a sad note, I got a letter from FEC Electric explaining to me while there about to put a major ass-raping on me come next month. Seems their hedged natural gas positions expired at the end of last month and they are going to a variable rate wholesale contract with their natural gas provider.
Were you previously on some kind of contract with them? or just on a floating rate plan? I keep expecting spark to tell me "tough shit" on the remaining 1.5 years of my .115/kwh contract with them at some point.
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post #10 of 13 (permalink) Old 06-26-2008, 04:57 PM
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Pics?

And I'm on FEC. Can't wait until the mail runs today...
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post #11 of 13 (permalink) Old 06-26-2008, 05:30 PM
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Quote:
Originally Posted by 01WhiteCobra
Never say never.

I watched his testimony on C-SPAN and he did bring up a lot of interesting points.

It was interesting to see his "hot money" charts and how he believes it overwhelmed the hedging positions (true reason for the markets)

I think $2 gas is a pipe dream but under $3 isn't out of the question.

Personally I think, once the Fed adopts a strong dollar policy in actions and not just words, the price will ease to under $100. Doesn't mean it doesn't go to $150-200 before that but dollar has been a major factor in the rise of oil.

On a sad note, I got a letter from FEC Electric explaining to me while there about to put a major ass-raping on me come next month. Seems their hedged natural gas positions expired at the end of last month and they are going to a variable rate wholesale contract with their natural gas provider.
High prices damage demand further every day. I have to wonder how the reduced demand here in the U.S. is going to affect prices.

I also wonder where all this hot money is headed next. God damn I need to figure that out. Commercial real estate would be nice, lol.
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post #12 of 13 (permalink) Old 06-26-2008, 07:47 PM
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Quote:
Originally Posted by 01WhiteCobra
On a sad note, I got a letter from FEC Electric explaining to me while there about to put a major ass-raping on me come next month. Seems their hedged natural gas positions expired at the end of last month and they are going to a variable rate wholesale contract with their natural gas provider.
Hmmm...maybe if they could discover one of the largest gas fields in the world close by and then produce the shit out of it our cost would lighten up a little? Maybe not.

Talk is cheap because supply exceeds demand!
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