Cheapest ever fill up - 986 Forum - The Community for Porsche Boxster & Cayman Owners

Giller · 01-12-2015, 10:53 AM

Quote:

Originally Posted by Perfectlap

They will be on nothing more than a temporary lay off.

Not necessarily. There is a lot of talk that oil could go down down down much more. If that's the case, it could cause a lot of grief to both the US and Canadian economies. If oil prices fall too much - it just won't be cost effective to get the oil out of the ground - will be cheaper to bring it in from overseas.

It's sad - but we actually need oil prices at a 'higher' level for the good of the whole economy. (not crazy high, just high enough to make it profitable).

When people talk about those low oil prices and cheap gas - remember, that oil all came from the middle east. So we can go back to depending on them for our oil or we can pay a bit more for it and dig it up here.

woodsman · 01-12-2015, 11:10 AM

Quote:

Originally Posted by Giller

Not necessarily. There is a lot of talk that oil could go down down down much more. If that's the case, it could cause a lot of grief to both the US and Canadian economies. If oil prices fall too much - it just won't be cost effective to get the oil out of the ground - will be cheaper to bring it in from overseas.

It's sad - but we actually need oil prices at a 'higher' level for the good of the whole economy. (not crazy high, just high enough to make it profitable).

When people talk about those low oil prices and cheap gas - remember, that oil all came from the middle east. So we can go back to depending on them for our oil or we can pay a bit more for it and dig it up here.

OK and where does GREED come into the equation? I mean since when does oil 'JUST have to make a profit'?

woodsman · 01-12-2015, 11:13 AM

I heard it said (

) that OPEC was doing this to get rid of the frackers.

nicecar · 01-12-2015, 11:31 AM

Did you really do doughnuts in our reliable but not durable cars?

Porsche9 · 01-12-2015, 12:19 PM

Quote:

Originally Posted by nicecar

did you really do doughnuts in our reliable but not durable cars?

That's funny.

nicecar · 01-13-2015, 11:01 AM

Quote:

Originally Posted by nicecar

Did you really do doughnuts in our reliable but not durable cars?

still wondering

woodsman · 01-13-2015, 11:24 AM

Quote:

Originally Posted by nicecar

still wondering

I don't think he's allowed to respond as it's 'off topic' for this thread....But I will add that I would never do a donut with my car as I'm convinced (based on 4.5 yrs. of ownership) it would break- a halfshaft would probably pull the case apart and then smash the aluminum suspension support to smitherings(that's a big word for genius Giller).

Giller · 01-13-2015, 11:31 AM

Quote:

Originally Posted by woodsman

I don't think he's allowed to respond as it's 'off topic' for this thread....But I will add that I would never do a donut with my car as I'm convinced (based on 4.5 yrs. of ownership) it would break- a halfshaft would probably pull the case apart and then smash the aluminum suspension support to smitherings(that's a big word for genius Giller).

You should be careful about calling someone a genius when you have a typo in your own reply.

nicecar · 01-13-2015, 04:53 PM

Quote:

Originally Posted by woodsman

I don't think he's allowed to respond as it's 'off topic' for this thread....But I will add that I would never do a donut with my car as I'm convinced (based on 4.5 yrs. of ownership) it would break- a halfshaft would probably pull the case apart and then smash the aluminum suspension support to smitherings(that's a big word for genius Giller).

your joking right? off topic ?

nicecar · 01-14-2015, 03:09 PM

Quote:

Originally Posted by woodsman

I don't think he's allowed to respond as it's 'off topic' for this thread....But I will add that I would never do a donut with my car as I'm convinced (based on 4.5 yrs. of ownership) it would break- a halfshaft would probably pull the case apart and then smash the aluminum suspension support to smitherings(that's a big word for genius Giller).

oh no these guys are always "on Topic"

Perfectlap · 01-13-2015, 12:29 PM

Quote:

Originally Posted by nicecar

still wondering

Maybe if I wasn't on winter tires. Plus I think Gov. Christie made it death penalty if you're caught doing donuts in a gas station parking lot. Gubimint...

Giller · 01-12-2015, 12:28 PM

Quote:

Originally Posted by woodsman

OK and where does GREED come into the equation? I mean since when does oil 'JUST have to make a profit'?

Greed? It's called fiscal responsibility. If it costs more to pull oil out of the ground than what you can sell it for - that's a bad business and will soon be bankrupt.

You don't work for free, so neither will these companies.

mnc-i · 01-12-2015, 01:05 PM

I filled up with 93 Octane yesterday for $2.01 per gallon.

I don't blame the politicians when gasoline is $4.00 per gallon and I don't blame them when it is $1.70 per gallon.

Enjoy it while you can.

MNC-I

woodsman · 01-12-2015, 01:18 PM

OPEC is flexing, smiling and completely relaxed. Politicians are nervous...

mountainman · 01-12-2015, 01:20 PM

Quote:

Originally Posted by Giller

Greed? It's called fiscal responsibility. If it costs more to pull oil out of the ground than what you can sell it for - that's a bad business and will soon be bankrupt.

You don't work for free, so neither will these companies.

Look at exon's profits over the years...they make a lot of fiscal responsibility.

Giller · 01-12-2015, 01:49 PM

Quote:

Originally Posted by mountainman

Look at exon's profits over the years...they make a lot of fiscal responsibility.

A perfect example of Capitalism in action. And everyone who complains about it should either A) move to Russia or B) wise up and buy some stock!

We can all benefit from these companies profits - that's another thing that makes our countries great.

woodsman · 01-12-2015, 02:18 PM

and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...

Giller · 01-12-2015, 07:06 PM

Quote:

Originally Posted by woodsman

and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...

Yes, the rich get richer. Why? Because they are smart enough to use the system to their advantage. Anyone can do the same thing. It takes some guts, some smarts and yes, some luck, but it really doesn't take a lot of money to get started. So quit whining cause you aren't smart enough to do what so many others have.

thstone · 01-12-2015, 08:07 PM

Quote:

Originally Posted by woodsman

and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...

I think a more accurate statement is that the rich are getting richer by leaps and bounds as the truly poor merely inch upwards over time.

The bottom line is that everyone, rich and poor alike, get richer each year (but by differing amounts).

I am not sure what this has to do with the price of gas?

coreseller · 01-12-2015, 02:55 PM

Quote:

Originally Posted by mountainman

Look at exon's profits over the years...they make a lot of fiscal responsibility.

Exxon Mobile's margins are right at or below 10% of revenue, pretty low actually compared to most Fortune 500 companies. Apple's margins are at 27%, are you mad at them?

Exxon also employs over 75,000 people at above average compensation levels.

Hating on "Big Oil" is pretty cliche, as others have stated best to join in the profits by purchasing their stock. You probably already have some if invested in mutual funds.

There is currently a 2 million plus barrels a day surplus in production, prices will likely continue to decline and stay low for the first half of '15.

For the accountant types:

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