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Author Topic: Why increased US domestic oil is negative for crude oil shippers Back to Topics
mastermariner

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Texas

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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
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Jeff4U
Champion Author Atlanta

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Message Posted: Oct 13, 2013 11:44:00 PM

Agreed, ss70.
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ss70
Champion Author Detroit

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Message Posted: Oct 13, 2013 9:10:34 AM

we need to repeal jones act
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EvergreenON
Champion Author Ontario

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Message Posted: Oct 13, 2013 7:37:27 AM

Speculators need profits
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JohnofGB
Champion Author Flint

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Message Posted: Oct 13, 2013 1:20:44 AM

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

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Message Posted: Oct 12, 2013 5:58:06 PM

WATCH AND SEE.
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fedupMN
Champion Author Twin Cities

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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.
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radbadtz
Champion Author Halifax

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Message Posted: Oct 12, 2013 10:23:48 AM

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

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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
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mastermariner
Champion Author Texas

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Message Posted: Oct 12, 2013 9:57:28 AM

Interesting
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Eagle3236
Champion Author Missouri

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Message Posted: Oct 12, 2013 9:56:44 AM

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

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Message Posted: Oct 12, 2013 9:40:32 AM

Good Article...if you want to drudge through it....
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