larry cad
Cindy stop it! U R driving me nuts!!!
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Joined: 05/23/2004
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Reuters reported today that oil usage in the first half of 2008 is way down compared to last year.
WASHINGTON (Reuters) - U.S. oil demand during the first half of 2008 fell by an average 800,000 barrels per day (bpd) compared with the same period a year ago, the biggest volume decline in 26 years, the Energy Information Administration said on Tuesday.
complete story
Seems to be having an affect, at least in our area. Sooo, the rest of you stay home so that I can afford to travel!!
Life is too short to worry about how short life is.
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Campnfuls
Hilt, CA
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Joined: 10/18/2007
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I'm with Larry, so everybody reading this should stay home so Larry and I can afford to travel the remainder of the year. Next year we will let it be your turn.
I want to leave this earth quietly in my sleep like my grandfather and not like the hysterical, screaming passengers riding in granddad's RV just before the big crash.
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TxTwo
Texas
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Joined: 04/08/2007
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Sounds like now is the time to buy that Hummer - while you still can.
TxTwo
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skipnchar
Topeka Kansas USA
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Joined: 12/17/2003
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Yep, the oil companies win again. Now they're making the same profits by selling even less oil. Can't get any better than that for em. 
2004 F-150 HD 3,050 lb. payload
Rockwood 8314SS 34' travel trailer
We have enough YOUTH...how about a fountain of SMART
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kmb1966
Houston
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When we use LESS. They produce even LESSER. Therefore supply/inventories remain tight. That is the gameplan for Big Oil to make bigger profits.... and it works for them.
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tatest
Oklahoma
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Shows that the market is working, there is some demand flexibility. A 4% drop, about the same as the annual rate of consumption growth in U.S. the past several years.
Stock market also responds to prices, my energy stock portfolio is down about 28% in value from peaks earlier this summer, down about 15% from the end of December. About a year's salary, negative.
The oil company stocks are down because earnings still fall short of what other industries (entertainment, financials, health care) return.
Tom Test
Itasca Spirit 29B
2001 Ranger Edge
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cdc
New Braunfels,TX
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Did you notice the the price of crude went up, because of lower inventory. I wonder who controls production, owns the refineries, and provides data to the government for inclusion in these reports? Could it be Big Oil.
Corky, Gracie, and the Herd
HR Imperial DP
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John&Joey
Northern MN
(Baby it's cold outside)
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Joined: 05/20/2007
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So does anyone know of a site that shows the cost of a gallon of gas vs the cost of a barrel of oil over the last five years. Sure does seem like gas is more now then it should be with crude going at $115 a barrel.
What ever happen to all the excuses of unrest in the world, not enough refineries, we drive too much, supply and demand, China and India are big consumers, blah, blah, blah.....
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jeffnkelly
St. Louis MO
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Fuel here in STL has dropped almost $.55/gal since I RETURNED from our out west trip... Go Figger... I am just happy to see it coming down. I doubt it will ever hit 3.00/gal tho... My FIL and I have a bet going...
Smooth Roads!!!
2006 Damon Challenger 372F Triton V10
2007 Ford Edge
JeffnKelly
St. Louis MO
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david_42
Oregon
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Not to worry. The refiners can just export the excess to keep the price up. Diesel exports from the US are up by a factor of SEVEN over two years ago.
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