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echo: crossfire
to: TOM WALKER
from: Bob Ackley
date: 2008-07-26 19:46:56
subject: Crude Price Bubble Burst?

Replying to a message of TOM WALKER to BOB ACKLEY:

 BA>> Seems to me that the price of a barrel of crude could drop all the
 BA>> way down a dime and the retail price of gasoline/diesel wouldn't
 BA>> drop much below $2/gallon.

 TW> Hey I rembember when the Price of Oil was $10 per Barrel and Gasoline
 TW> was 25 Cents. So let me assure you that IF we could strike enough oil
 TW> to get oil down i nthe $10 range gas would be far cheaper then $2.00

I don't think the retail price of petroleum products is as tied to the price of
crude as it used to be.  The oil companies have discovered they can charge
whatever they want and the product still sells.

I just discovered that there's a line of new windmills being installed about
20 miles north of me.  The foundations for each tower contain 140 yards
of concrete.  The problem with wind power is that it isn't going to solve 
the OIL problem, most big power plants run on coal, not oil.

--- FleetStreet 1.19+
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