Gas and diesel rise to 2.99 in Louisville,Ky....

[Eddies66]

Was reading an article that the recent rise in oil prices is not because of a shortage of oil but debt and their obligation to their shareholders. The article reads: “Banks are preparing for a wave of oil bankruptcies by setting up their own oil companies to operate seized assets. Regulators in Texas are considering setting limits on the state’s production, an approach more reminiscent of Soviet-style central planning than a Republican-controlled regulatory body. An oil company executive just admitted, ″No one wants to give us capital because we have all destroyed capital and created economic waste.”


Not my opinion just a point of interest, I am looking $3.50 to $4.00 here in SoCal. But I am not driving like I did in Nevada, going 45 miles for a loaf of bread.

[Randy Wells]

Originally Posted by Eddies66

Was reading an article that the recent rise in oil prices is not because of a shortage of oil but debt and their obligation to their shareholders. The article reads: “Banks are preparing for a wave of oil bankruptcies by setting up their own oil companies to operate seized assets. Regulators in Texas are considering setting limits on the state’s production, an approach more reminiscent of Soviet-style central planning than a Republican-controlled regulatory body. An oil company executive just admitted, ″No one wants to give us capital because we have all destroyed capital and created economic waste.”


Not my opinion just a point of interest, I am looking $3.50 to $4.00 here in SoCal. But I am not driving like I did in Nevada, going 45 miles for a loaf of bread.

You crack me up Eddie, I know your the smartest person on classracer, but if you found an article like you quote you must of dug deep into some anti hydrocarbon news source that leans toward communism. You don't know sh** about oil quit pretending you do, and you might want to stay off those dark sites. Reveal your source for this BS you quote.

What you don't understand the definition of an oil company could be any mom and pop operation that services big oil, Fracking Operations, water disposal companies, wireline companies, all small business that by definition is an oil company. Yes they were hit hard by that chinese flu, and going out of business, pervert Joe's policy destroyed any chance of a rebound. But the price of oil is still based on supply and demand period. US production down 2 MBPD.
Randy Wells
I/S 5628

[Eddies66]

Originally Posted by Randy Wells

You crack me up Eddie, I know your the smartest person on classracer, but if you found an article like you quote you must of dug deep into some anti hydrocarbon news source that leans toward communism. You don't know sh** about oil quit pretending you do, and you might want to stay off those dark sites. Reveal your source for this BS you quote.

What you don't understand the definition of an oil company could be any mom and pop operation that services big oil, Fracking Operations, water disposal companies, wireline companies, all small business that by definition is an oil company. Yes they were hit hard by that chinese flu, and going out of business, pervert Joe's policy destroyed any chance of a rebound. But the price of oil is still based on supply and demand period. US production down 2 MBPD.
Randy Wells
I/S 5628

Hey Randy Rainbow, welcome back, back a little early from the races? Try reading EIA.gov, "This week in Petroleum"

[Randy Wells]

Originally Posted by Eddies66

Hey Randy Rainbow, welcome back, back a little early from the races? Try reading EIA.gov, "This week in Petroleum"

Eddie, I would not belive anything I read on a .GOV website, about as much as perv Joe and the crack ***** got 90 million votes. No Thanks. But you go ahead and keep reading.
Oh Topeka TnT got rained out yesterday.

Randy wells
I/S

[Stan Weiss]

Originally Posted by Randy Wells

commie ignorant a**, crack ***** you can GFYS.

Randy wells
I/S

The standard boiled down caned response. LMFAO


Stan

[Randy Wells]

Originally Posted by Stan Weiss

The standard boiled down caned response. LMFAO


Stan

Stanley, your grasping at straws, you pulled that one out of the archives. I must wear you out Boy, Now GFYS BOY LMFAO.

[Stan Weiss]

Originally Posted by Randy Wells

Stanley, your grasping at straws, you pulled that one out of the archives. I must wear you out Boy, Now GFYS BOY LMFAO.

Randy,
Work on your reading comprehension!

Please explain just what did I pulled out of what archives.

Stan