Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:40 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Why increased US domestic oil is negative for crude oil shippers Back to Topics
mastermariner

Champion Author
Texas

Posts:12,973
Points:1,156,820
Joined:Jun 2011
Message Posted: Oct 12, 2013 9:09:40 AM

Fuel economy has been improving

With oil prices high at around $100, even though the global labor market wasn’t recovering as quickly, people were discouraged from using cars as often. Seeing the problem in high oil price and the possibility that oil may run out one day, car companies that were once all for petroleum-based autos began making hybrid and electric cars. The law introduced policies to protect the environment and reduce pollution, which has also supported the new trend for companies relying less on gasoline and improving fuel economy—how much gasoline a vehicle needs in order to run a certain distance
Domestic production rises, while demand has been left low

The US market is now above where it was back in 2008, as corporate profits grew to records. But oil consumption hasn’t
Visit Marget realist for full article
REPLIES (newest first) Post a Reply
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,757
Points:2,535,705
Joined:Nov 2004
Message Posted: Oct 13, 2013 11:44:00 PM

Agreed, ss70.
Profile Pic
ss70
Champion Author Detroit

Posts:13,177
Points:2,518,640
Joined:Sep 2005
Message Posted: Oct 13, 2013 9:10:34 AM

we need to repeal jones act
Profile Pic
EvergreenON
Champion Author Ontario

Posts:2,574
Points:966,755
Joined:Apr 2011
Message Posted: Oct 13, 2013 7:37:27 AM

Speculators need profits
Profile Pic
JohnofGB
Champion Author Flint

Posts:8,283
Points:1,778,370
Joined:Feb 2010
Message Posted: Oct 13, 2013 1:20:44 AM

Ahhhhhhh. Too bad, so sad.
Profile Pic
ktbaeohana
Champion Author Las Vegas

Posts:4,710
Points:1,059,925
Joined:Mar 2010
Message Posted: Oct 12, 2013 5:58:06 PM

WATCH AND SEE.
Profile Pic
fedupMN
Champion Author Twin Cities

Posts:5,460
Points:1,145,905
Joined:Mar 2011
Message Posted: Oct 12, 2013 10:38:32 AM

As long as big and small businesses can squeeze the worker into lower wages, longer hours while increasing the cost of insurance the dwindling middle class is doomed and will continue to cut back. In the mean time Corporate America is reporting record profits and the top 5% are doing very well.
Profile Pic
radbadtz
Champion Author Halifax

Posts:2,339
Points:533,390
Joined:Jul 2013
Message Posted: Oct 12, 2013 10:23:48 AM

daytonabiker says it all. them gravy sucking pigs need more gravy
Profile Pic
daytonabiker
Champion Author Florida

Posts:2,879
Points:784,060
Joined:Oct 2012
Message Posted: Oct 12, 2013 10:12:12 AM

consumers winn at 1.99 a gallon,oil wins at 3.50 a gallon
CHEVRON-CORP-Executive-Salaries:
J. S. Watson CEO, $22,278,928,
G. L. Kirkland Vice Chairman & Executive Vice President $10,745,761,
P. E. Yarrington Vice President & Chief Financial Officer, $6,623,497,
M. K. Wirth Executive Vice President, $6,641,519,
R. H. Pate Vice President & General Counsel, $4,930,403
http://www1.salary.com/CHEVRON-CORP-Executive-Salaries.html
EXXON-CORP-Executive-Salaries:
Rex W. Tillerson, Ceo of Exxon $34,920,506
D.D. Humphreys,V.P. $15,372,494
M.J. Dolan,V.P., $12,323,912
M.W.Alters ,V.P. $11,409,843
A.P. Swinger V.P. $10,566,856
Profile Pic
mastermariner
Champion Author Texas

Posts:12,973
Points:1,156,820
Joined:Jun 2011
Message Posted: Oct 12, 2013 9:57:28 AM

Interesting
Profile Pic
Eagle3236
Champion Author Missouri

Posts:3,958
Points:883,150
Joined:Oct 2012
Message Posted: Oct 12, 2013 9:56:44 AM

We should have built the Keystone Pipeline!
Profile Pic
Radar1992
Champion Author Virginia

Posts:4,185
Points:993,765
Joined:Dec 2011
Message Posted: Oct 12, 2013 9:40:32 AM

Good Article...if you want to drudge through it....
Post a reply Back to Topics