Gas Prices

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Real Estate Agent with Astro Realty (Buyer Agency)

I heard on the news today that Opec is going to cut production, so they can raise gas prices. OH that's right we have a shortage uuuuhh what is up with this. Do they really think that the common person is stupid. I know as well as many of you. That if Gas prices would stay at and I am quoting here, Donald Trump, If gas prices would stay at 40-50 Dollars a barrel the economy would be ok.. So Tell me again why are we cutting production??? Oh that's right the Big Oils Guys are not making enough Money.. Poor Us!!!

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Rainmaker
456,140
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Unfortunately, it's the other guys, OPEC, of which the US is not a member (wish we could be) who are cutting production.  Until our so-called leaders show some real leadership on this issue we'll continue to be held at ransom by the OPEC crowd.

Oct 24, 2008 11:42 AM #1
Rainmaker
814,346
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Iran and Venezuela both tried for even deeper production cuts than resulted. 

I am sure that most people know that Citgo is a Venezuelan owned company and every petroleum product purchased at Citgo gas stations sends money to a country that does not like us very much.

Oct 24, 2008 11:58 AM #2
Ambassador
297,050
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Paula, I am right there with you.  What is more ridiculous is the ratio of price drop per barrel of oil and the price per gallon of gas.  Oil has dropped dramatically faster than the price of gas.

Oct 24, 2008 12:00 PM #3
Ambassador
891,817
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

Big oil doesn't make money from drilling... at least not the huge money.  OPEC makes that.  Although, if we drilled here, they WOULD make some more money, as would the government. 

Oct 24, 2008 12:06 PM #4
Rainmaker
60,856
Paula Reno
Astro Realty (Buyer Agency) - Cedar Lake, IN
Broker, Owner - Cedar Lake Indiana Realtor, Astro

Well I am all for drillin here. I know we have pleny on our land as well. Let hope we do soon..

Oct 24, 2008 12:28 PM #5
Rainer
50,764
LS Rogers Realty
LS Rogers Realty - Richardson, TX

Profits, profits, profits.  We the people, means very little now-a-days.

Oct 24, 2008 12:59 PM #6
Rainmaker
30,018
Steve Dawson
J. Rockcliff Realtors (#01723588) - Walnut Creek, CA

I love how people are excited about gas being under $3.00.  If that isn't the biggest scam ever.  make the gas prices rise so high, then bring them down to a high number, but not as high as it was and make the consumer feel better. 

Oct 24, 2008 02:28 PM #7
Rainmaker
60,856
Paula Reno
Astro Realty (Buyer Agency) - Cedar Lake, IN
Broker, Owner - Cedar Lake Indiana Realtor, Astro

You said it all Steve Thanks

Oct 24, 2008 02:33 PM #8
Rainmaker
287,335
Dave Woodson
Dave Woodson - Chesterton, IN
Not the Average Agent

Waht makes me sick is that gas @ IU is like 2.30 and we are 40cents higher up here. 

OPEC cuts are mostly lip service, only some do it

Dave

Oct 24, 2008 03:30 PM #9
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Rainmaker
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Paula Reno

Broker, Owner - Cedar Lake Indiana Realtor, Astro
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