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06-23-2011, 04:59 PM
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#41
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Montana Master
Join Date: Sep 2006
Location: Casa Grande
Posts: 5,369
M.O.C. #6333
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Obama released 3 million barrells of oil from the reserves....Should last a couple of days.....
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06-23-2011, 07:34 PM
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#42
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Montana Master
Join Date: Nov 2002
Location: Bakersfield
Posts: 5,316
M.O.C. #15
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Ed,
We are now in Lincoln City at the Casino RV park. The name of the RV park is Logan Rd. RV Park.
While in Florence we stayed at the Elk's RV park just north of town. This is an outstanding park in spite of not having sewer connections. If you are an Elk this is the place to stay while in Florence. We are not members of the Elk's but we're traveling with Jack (jjackflash) and Terry Craig who are members. Thanks Jack and Terry.
Fuel (diesel) in Lincoln City is running at about $4.29.
Dennis
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06-23-2011, 11:13 PM
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#43
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Montana Master
Join Date: May 2011
Location: Fayetteville
Posts: 4,200
M.O.C. #11401
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$3.859 near us in NC.
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06-23-2011, 11:23 PM
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#44
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Montana Fan
Join Date: Jul 2008
Location: Madison
Posts: 163
M.O.C. #8615
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30 Million barrells of oil and counting. It is very important to burst the speculative bubble. That's why the prices dropped. Tapping the reserves. Kudos to our President.
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06-24-2011, 02:46 AM
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#45
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Montana Master
Join Date: Jul 2006
Location: K.C.
Posts: 11,731
M.O.C. #5980
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I won't get political, want to, but won't.
Didn't the prices drop when I posted the first time on this? I think so, that was then, this is now.
I will say that this will be a very short term band-aid, after this runs it's course, we will just be back in the same situation. Nothing this is doing changes anything in the 'Big Picture'.
I am wondering what cost to the taxpayers will be replacing the oil that is released at the current prices as well.
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06-24-2011, 04:05 AM
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#46
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Montana Master
Join Date: Jan 2007
Location: Lobelville
Posts: 2,128
M.O.C. #6650
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AMEN .............. Ozz
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06-24-2011, 04:21 AM
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#47
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Montana Master
Join Date: Sep 2003
Location: Sunshine
Posts: 1,445
M.O.C. #538
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Remember when Clinton did this? Gasoline went down a PENNY.
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06-24-2011, 08:36 AM
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#48
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Montana Master
Join Date: Jan 2005
Location: North Ridgeville
Posts: 20,229
M.O.C. #2839
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Many other countries released oil reserves also. One news report said 90 Million BBls. Some of the oil producing countries raised there production. Contrary to popular belief very high oil prices do not necessarily benefit oil producing countries as demand goes down and they pump less and sell less. It does benefit the speculators. Again google "the commodities market" and learn how it works..It can be very enlightening.
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06-30-2011, 05:54 AM
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#49
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Montana Master
Join Date: Jun 2009
Location: Sioux Falls
Posts: 617
M.O.C. #9380
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Missoula Montana avg price in town is $3.69.
Yoohoo!
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06-30-2011, 10:45 AM
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#50
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Montana Fan
Join Date: Feb 2011
Location: Silverton
Posts: 489
M.O.C. #11144
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$3.699 for regular unleaded, hovering at $3.999 for diesel.....
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06-30-2011, 12:19 PM
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#52
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Montana Master
Join Date: Sep 2003
Location: Sunshine
Posts: 1,445
M.O.C. #538
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On the news today, oil prices going back up after a slight drop after the release from the SPR.
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