US running out of room to store oil; price collapse next?

Posted by $ nickursis 9 years, 2 months ago to Economics
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Wow, and the price of gas has gone up 80 cents in the last three weeks in Oregon. Can you say "corruption"? What a load of Sh@#!


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  • Posted by Mamaemma 9 years, 2 months ago in reply to this comment.
    It was deleted after I asked. I just thought it was an unusual name. It struck me as anti-Gulch, but I was interested in hearing the member's thoughts, which might have shown I was off in my thinking.
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  • Posted by $ Susanne 9 years, 2 months ago in reply to this comment.
    Not just the empire model, but it's leadership as well... or to paraphrase, "All hail Nerø"...

    Interesting that while the Republic lasted 500 years until it became an Empire (actually a dictatorship), it continued (under one form or the other) until finally conquered by the ottomans in the 1400's (tho don't tell some of the "ancient" Italian neighbors we had - a lot of them still laud the guy who tried to bring it back in the late 1920's to mid 1940's... who "made the trains run on time, got the mail delivered, increased manufacturing capability and did away with the 'riff-raff', or so they claim...)
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  • Posted by Technocracy 9 years, 2 months ago in reply to this comment.
    +1 Susanne

    Actually the sheer numbers of parallels with ancient Rome that are popping up is disturbing.
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  • Posted by richrobinson 9 years, 2 months ago
    Supposedly the recent spike was a knee jerk reaction to some damage at a California refinery. I can't understand how the economy could be doing so well but we aren't using more oil??? That doesn't make sense. One more reason to question the so called "recovery".
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  • Posted by $ Susanne 9 years, 2 months ago
    Oil prices - like any other commodity - can (and do) have artificial prices attached.\ separate from the laws of supply and demand. Add to this the havoc wreaked on the world economic stability if oil dropped to $20/Bbl. I seriously doubt that no matter how much storage we lack (and remember, there are also underground salt dome storage fields) the "League of Economic Controllers" will allow the price of oil to drop beyond a certain point.

    Remember - not unlike Rome, we are, truly, a Hydraulic Empire - the hydraulic media may be different, but the effect is much the same...

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