"Sadly I never understood why the price of oil declined during the late 80's to 90's after the rises in the 70's and early 80's . I would love to hear a opinion on it "
First a basic truth oil use mirrors the US economy. Meaning during good times oil prices naturally rise due to increased demand, and the reverse in bad times, or the law of supply and demand increased demand higher prices, lower demand lower prices.
Despite right wing lying about it, Jimmy Carter's economy was actually pretty good, good enough to cause oil demand in the US to increase in a normal manner. OPEC nations in an effort to influence US policies with Israel, started with-holding oil from western markets, this caused an oil shortage and inflation, followed by a boom in oil drilling in the US. Inter the reagan regime, they replaced Jimmy Carter's conservation and alternative fuels measures, with austerity and high interest rates to battle inflation that high oil prices caused. Regan's measures of course caused the greatest recession since the great depression and demand for oil to drop off a cliff, this as new western supplies were hitting the market that was sparked by the OPEC embargo. As OPEC nations revenues fell off they began to cheat adding more and more oil to an increasingly glutted market, and that of course caused world wide oil prices to plummet. This kind of covers it, but a book could be written about it. For verification of my view look up a chart that tracks historical oil use in the US. Compare the chart with the economy and administrations, you will see that oil use in the US didn't recover to Carter's levels until two years into the Clinton administration.
Talking about Banksers, a woman called into the Thom Hartman show to tell her story, She like many others are fighting to keep their homes from the fraudulent banksters, she sought help from three different attorneys, they all told her that she couldn't afford them, because a law suit against any bank would be very expensive. There you go righties you have achieved your goal, "the new world order." After the next depression that appears to be near, most of you by a great number will come to realize that after all, you are no different than those that preceded you into the poor house. And the biggest problem for the average American isn't the righties it is the D. turncoats who say one thing to get elected but do another when they join forces with the R., and I suspect that half the D. congress meet that description. Hello 3rd world country it was nice while FDR's new deal lasted.
I'm thinking smart money is leaving the markets. Their selling drags everything down. The individual investor is nothing, hedge and sovereign funds rule.
World population exploding " Most of the world never has been able to afford oil, now we just have more that can't. Austerity equals slowing demand.
It stands for slavery, sedition and placing second in the war they started. if you want everyone to know you are a loser by all means display the CSF, but not on government property. After all the US government won that one.
Loser, I volunteered for three years service (63-69) in the US Army for that one,it means something to me. The Con flag is a different thing altogether, but I'm not surprised that you don't know the difference.
Rah, Rah, Loser it is you that don't have a clue if you don't know the civil war was fought over sedition, and sedition came from the issue over the south's instance on continuation of slavery, any deviation from those facts and it is you that is attempting to rewrite history. And Loser, if you want a tattoo of it or fly it on your vehicle or anywhere else on private property, that is up to you, but not on government property. It is absurd to insist that a flag that stands for the abuse of humans, and a lost war over sedition should still fly on government buildings.
so jamesboy does the same thing that he puts others down for, too funny. but typical, if it wants to see a sociopath all it has to do is look in its mirror. . It also claims it knows history but has yet to offer what it believes.. Again the Con federate flag stands for slavery, sedition and LOSERS. Fly your flag where you want, but not on government property, only winners have that right. Maybe jamie thinks the south won and the commies rewrote the history books? Whatever all I know is jamie's real civil war history is a closely held secret. LOL
So Idiot why are you continuing the thread by replying to it, a person who calls another a fool for doing the same thing is a fools fool. LOL
you might as well not have free speech if you don't know what you are talking about. Faux news as the example lie and form the message at will, and there minions parrot what ever they say as if it came from their God. Washington State Supreme Court upheld the right to lie as being free speech, when they rejected a suit against a politician who lied to get elected. What about the voters right, if you vote for someone because of what they claim they stand for, then after winning the election they don't do as promised, are not the voters victims of fraud?. Then you have the Supreme Court who gave Corporations person hood, a business entity is now a person.
" Shale companies commonly hedge some of their production, locking in prices for which it can sell its product well ahead of time. That provides them with certainty and insulates them from huge price swings. Many companies secured high prices last year before the price crash.
Those positions are now starting to unwind. As they expire, small and medium sized shale companies will be more exposed to lower oil prices. For a company that had hedged a quarter or half of its oil production last year at $80 or $90 per barrel, they will now suddenly feel the pain of oil trading at $60 per barrel."
The following are US exports of Ng from 2009 -2014, and as more export facilities that have been licensed get finished the more Ng will be exported.
1,072,357 1,136,789 1,505,650 1,618,828 1,572,413 1,514,242
This following headlines from their article makes a lot of sense.
Google- "What in the World Is Happening With Oil? - Part 1: Iran's Superweapon"
Pretty much claims that the slowing of fracking won't be enough to soak up the oil glut, reason Iran has millions of barrels in storage, and they can produce over four million barrels a day once sanctions are lifted, combine that with the US, Russia, Iraq and the Saudis pumping flat out, anemic demand the Chinese stock market crash and the impending US stock market crash, and we have a recipe for even lower oil prices. So far I'm staying in the lower oil prices wagon, and if the western world doesn't stop this foolish austerity they are imposing on the victims of the gw BuSh depression you will see even worse economical reports in the future.