Uuuuuuuum..............Oil is now at $133 a barrel

Two of the definitions of 'congress' certainly fit:

6. familiar relations; dealings; intercourse.
7. coitus; sexual intercourse.
 
Congress is well aware that the higher the barrel climbs the fatter their retirement accounts get.
 
how's the tanking dollar doing? Let me know when real estate hits bottom.
 
Cyclical. It will all come back in due time.:smt001
 
Did anyone see the Jeep $3/gallon price guarantee? Do they know something that we don't know? Why would you make that guarantee if you sell a fleet of gas guzzlers when some analyist predicted gas prices as high as $9 a gallon this year unless you had some inside information? Crash is coming.
 
JuliaValentine said:
Did anyone see the Jeep $3/gallon price guarantee? Do they know something that we don't know? Why would you make that guarantee if you sell a fleet of gas guzzlers when some analyist predicted gas prices as high as $9 a gallon this year unless you had some inside information? Crash is coming.
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I would assume that they are hedging gasoline futures so that it is a fixed/known costs depending on the number of cars they sell and folding that into the price. Many of the airlines do this (I heard today that southwest hedged their fuel and are now paying like $70/brl). That way if gas goes to $40/gallon, they don't care. It's actually not a bad idea to move product through what some view a short term bullsh*t move up in oil. Sea Ray could do the same thing on an $800K boat and hedge the fuel out a few years for the buying customer... Even the high-end customer doesn't have the ability to hedge fuel easily and that would be a real benefit.
 
The price of oil is being artificially inflated by the damn speculators buying futures and betting that the price of oil is going to go up. Just like the azzholes that bought a million "pre-construction" priced condos and figured they'd flip them before they had to close and make a gazillion dollars. Now they're all paying the price for speculation and greed.

The oil futures bubble will burst, the price of oil will come down. Just like the real estate market.
 
I topped off the tank last weekend. I can't wait to blow through my first 100 gallons this weekend. Got a fist full of fives to put another 100 gallons in. Got to warm up the atmosphere. Nobody else has been doing it and it sure has been cold out. Look out gas docks, here I come and I can't figure out how to pivot.
 
JuliaValentine said:
Did anyone see the Jeep $3/gallon price guarantee? Do they know something that we don't know? Why would you make that guarantee if you sell a fleet of gas guzzlers when some analyist predicted gas prices as high as $9 a gallon this year unless you had some inside information? Crash is coming.
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No, read the fine print. The "gimmie" is capped, both in terms of miles and absolute dollars. And the cap is actually quite low. I forget the details. . .but it did not strike me as anything more than a *modest* vehicle rebate
 
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