View Full Version : Wow Gas 85.1
Mr Ontario
03-11-2008, 05:07 PM
Must be the Conservatives to thank for this lol
Bowlcut
03-11-2008, 05:13 PM
It just a workings of the free market. Enjoy it while you can because the bull market in oil is far from being over. 4th time since 1999 that oil prices have dropped by 50% from their highs, so if you have any left over cash you want to invest oil is a great buy.
The predictions from CIBC are $200 a barrel by 2012. With drop in the US dollar I think it will come much sooner than that.
IronRobi
03-11-2008, 05:19 PM
wow, we're still at 96.9 here :(
trykillthis
03-11-2008, 06:47 PM
1.07 here.
The Terminator
03-11-2008, 11:00 PM
1.07 here.
Ditto, everyone else needs to stop complaining.
Matt
cedric
03-11-2008, 11:14 PM
Here's a great site I've been using for gas prices for over a year now and I've always found it very accurate.
http://www.mcteague.ca/WebPages/gas_price_today.htm
thundercat900
03-11-2008, 11:23 PM
its still 1.12 here :(
Big D
04-11-2008, 09:04 AM
95 here, mr.o you should sell us some of your gas
faller
04-11-2008, 09:19 AM
It just a workings of the free market. Enjoy it while you can because the bull market in oil is far from being over. 4th time since 1999 that oil prices have dropped by 50% from their highs, so if you have any left over cash you want to invest oil is a great buy.
The predictions from CIBC are $200 a barrel by 2012. With drop in the US dollar I think it will come much sooner than that.
Kill joy :eek:
Gettin'r'round
04-11-2008, 09:36 AM
The $200 dollar oil prediction came from CIBC's Jeff Rubin. In today's National Post he is theorizing that the huge spike in oil prices is what caused this recession. In essence money was take from the US with the lowest savings rate to Saudia Arabia, where the savings rate is 50%. So huge amounts of money were taken out of the economy and that just isn't good. His $200 oil is nowhere in his new theory...
So for oil to get to $200 by 2012 the world economy is going to recover faster than anyone predicted and use oil as a % of GDP at a much much lower rate than today.
I say the US get out of Iraq and head straight into Saudi Arabia and take it over. Nobody is going to care about some filthy rich Arabs who export Wahhabism the world over. Lower oil prices and less jihadis!
What could POSSIBLY go wrong?
Bowlcut
04-11-2008, 04:37 PM
The $200 dollar oil prediction came from CIBC's Jeff Rubin. In today's National Post he is theorizing that the huge spike in oil prices is what caused this recession. In essence money was take from the US with the lowest savings rate to Saudia Arabia, where the savings rate is 50%. So huge amounts of money were taken out of the economy and that just isn't good. His $200 oil is nowhere in his new theory...
So for oil to get to $200 by 2012 the world economy is going to recover faster than anyone predicted and use oil as a % of GDP at a much much lower rate than today.
I say the US get out of Iraq and head straight into Saudi Arabia and take it over. Nobody is going to care about some filthy rich Arabs who export Wahhabism the world over. Lower oil prices and less jihadis!
What could POSSIBLY go wrong?
High oil prices probably hastened the recession. The housing bubble was set to burst eventually regardless of oil prices. Just a consequence of fiat money.
Rubin's prediction was from a month back, but we all need to remember oil is priced in US dollars. When US dollars become worth less then it will take more of them to buy the same amount of the previous good. So even if the quantity demanded and supplied for oil hypothetically remained static, inflation of the US money supply would see the price increase.
All I know is that if anyone has cash Talisman looks like a great pick up. Along with pretty much any other medium sized producer.
Mr Ontario
04-11-2008, 04:52 PM
Already stocked up as I usually do for most things that are in high demand :)
95 here, mr.o you should sell us some of your gas
Mr Ontario
04-11-2008, 04:53 PM
Whats your thought Mr Economist on the housing market now.. Housing prices still to be lowered? interest rates as well?
High oil prices probably hastened the recession. The housing bubble was set to burst eventually regardless of oil prices. Just a consequence of fiat money.
Rubin's prediction was from a month back, but we all need to remember oil is priced in US dollars. When US dollars become worth less then it will take more of them to buy the same amount of the previous good. So even if the quantity demanded and supplied for oil hypothetically remained static, inflation of the US money supply would see the price increase.
All I know is that if anyone has cash Talisman looks like a great pick up. Along with pretty much any other medium sized producer.
Musclehead
04-11-2008, 08:08 PM
I don't really care because I have a Flintstone car......great for the quads!
icey_boi
04-11-2008, 08:55 PM
I don't really care because I have a Flintstone car......great for the quads!
ahahaha. i literaly spit out my drink when i read that:laugh
Gettin'r'round
05-11-2008, 08:52 AM
I'm too busy paying down the mortgage and paying for private school to have $ left over for investments. My RRSP held up good as my advisor had me 45% in bonds, whew. I made good $ in the tech boom, 300% return. Made out like a bandit on Nortel, it split so many times I lost track of the return I got but I got out @ $75.00. It's now like $2.15 with a 10:1 reverse split? ouch.
Gettin'r'round
05-11-2008, 08:53 AM
btw gas went up 4c last night as oil went up $6.50/barrel
Bowlcut
05-11-2008, 02:31 PM
Whats your thought Mr Economist on the housing market now.. Housing prices still to be lowered? interest rates as well?
First off energy is where I have most of the knowledge just because of friends who work in that sector, or trade it.
Housing is very selective on the regional market. Long term prices are going to go up in Canada over the next 20 years. Short term I would be waiting. This recession is just beginning so I would not buy in Ontario.
Are you renting right now? Probably not.
Interest rates are going to have to go up to deal with the inflation that the Fed unleashed. There is some speculation that the short term rates might hit as high as 20% like they did in the 1980's, but this would be politically unthinkable. There is not much room for them to decline any more.
General consensus that I hear from my brother is the situation is bleak to put mildly. If Wallstreet and Bay Street are going to have a bad year of bonuses then I would bet we are going to have an even shittier time.
I am no expert and most people who say they "know" the market are full of shit. * insert Art Laffer.
We have seen that luxury home sales are slowing down in places like Vancouver which means the rest of the market is not far behind.
warlock
08-11-2008, 04:07 PM
The $200 dollar oil prediction came from CIBC's Jeff Rubin. In today's National Post he is theorizing that the huge spike in oil prices is what caused this recession. In essence money was take from the US with the lowest savings rate to Saudia Arabia, where the savings rate is 50%. So huge amounts of money were taken out of the economy and that just isn't good. His $200 oil is nowhere in his new theory...
So for oil to get to $200 by 2012 the world economy is going to recover faster than anyone predicted and use oil as a % of GDP at a much much lower rate than today.
I say the US get out of Iraq and head straight into Saudi Arabia and take it over. Nobody is going to care about some filthy rich Arabs who export Wahhabism the world over. Lower oil prices and less jihadis!
What could POSSIBLY go wrong?
The saudis are the Americans bosses, they cann't do that as the Saudi inetrest is the USA interest.
Mr Ontario
08-11-2008, 08:52 PM
Got it for 81.1 today :) Wish I had the $$ to buy a tanker full for personal use..
Finally can insure my SUV :p
Mr Ontario
06-12-2008, 06:13 PM
Now it's Wow gas 72.1 here :)
bossman_1986
06-12-2008, 06:20 PM
it was 70.2 here yesterday
Just seen 69.9,but most are 70.5.
bossman_1986
06-12-2008, 10:54 PM
hope it goes to 50 :D
faller
07-12-2008, 12:26 AM
F***K just went "down" to 85.9!!! Geezus we get screwed here on the Island!
bossman_1986
07-12-2008, 04:46 AM
F***K just went "down" to 85.9!!! Geezus we get screwed here on the Island!
wow thats pretty high
we just went down to 68 here
michealJ
07-12-2008, 06:25 AM
Has anyone noticed that our Canadian dollar goes up and down with OIL?
Almost a catch 22
Bowlcut
07-12-2008, 02:36 PM
Has anyone noticed that our Canadian dollar goes up and down with OIL?
Almost a catch 22
I think most people have caught on to that ;)
When the CDN dollar is high it usually because of increased demand for Canadian commodities like oil, natural gas, or nickel, and foreign companies have to convert their currencies into CDN dollars in order to buy these materials. Simple supply and demand from there as the demand for dollars increases so will the price.
Just enjoy these prices guys because you thought last summer was bad just wait until 2012 at the latest.
Mr Ontario
07-12-2008, 03:35 PM
I knew Mr Economist would chime in! :)
I think most people have caught on to that ;)
When the CDN dollar is high it usually because of increased demand for Canadian commodities like oil, natural gas, or nickel, and foreign companies have to convert their currencies into CDN dollars in order to buy these materials. Simple supply and demand from there as the demand for dollars increases so will the price.
Just enjoy these prices guys because you thought last summer was bad just wait until 2012 at the latest.
michealJ
07-12-2008, 05:06 PM
I think most people have caught on to that ;)
When the CDN dollar is high it usually because of increased demand for Canadian commodities like oil, natural gas, or nickel, and foreign companies have to convert their currencies into CDN dollars in order to buy these materials. Simple supply and demand from there as the demand for dollars increases so will the price.
Just enjoy these prices guys because you thought last summer was bad just wait until 2012 at the latest.
I think most people have no idea....
Bowlcut
07-12-2008, 06:35 PM
I knew Mr Economist would chime in! :)
Ahaha LOL. Now is a great time to buy any oil stocks BTW. Serious chance to see a at least a 100% ROI, plus the nice dividends too.
If I only had 100K to invest I would be ballin!
canadianmuscle0803
08-12-2008, 01:43 AM
74.9/liter today.
Just filled up today at 68.8 and my tank was full at 31.00.
canadianmuscle0803
08-12-2008, 07:10 AM
Just filled up today at 68.8 and my tank was full at 31.00.
damn thats low.. where do you live?
wrought
08-12-2008, 12:05 PM
72.9/L where I am, oil is trading around $45/barrel.... they're still raking in the $$$ hand over fist.
bossman_1986
08-12-2008, 12:43 PM
68.8 here too! filled my tank up
Mr Ontario
08-12-2008, 02:47 PM
Ya...68 is pretty low!!
IronRobi
08-12-2008, 05:08 PM
wow we're sitting at 80.4. I want 68.8!!!
faller
08-12-2008, 07:52 PM
84.9!!! F**KIN crooks!!!
natenator
08-12-2008, 07:53 PM
72.4 here ;)
bossman_1986
13-12-2008, 04:07 AM
67
UkrainianGuy
13-12-2008, 07:36 AM
....76
Mr Ontario
13-12-2008, 10:29 AM
did anybody get 69 :)
natenator
13-12-2008, 11:10 AM
did anybody get 69 :)
this morning...
Mr Ontario
13-12-2008, 11:12 AM
Was it cheap Unleaded or Premium 69 lol :)
this morning...
Born2Juice4Ever
13-12-2008, 11:21 AM
Was it cheap Unleaded or Premium 69 lol :)
Unleaded LOL Ottawa is rocking with low prices...cocksuckers have us brainwashed into believing that 70 cents is a steal :D :D
I remember the good old days of 50 cents...not even 4-5 years ago ---wtf
B2J:help
natenator
13-12-2008, 11:25 AM
Was it cheap Unleaded or Premium 69 lol :)
haha
well my BMW M3 only takes premium...
bossman_1986
13-12-2008, 11:32 AM
66!
bossman_1986
16-12-2008, 07:26 PM
****in gas is going up here, 70 today
Mr Ontario
16-12-2008, 07:38 PM
lol better fill your jerry cans then :)
****in gas is going up here, 70 today
Roid-Monkey
17-12-2008, 10:00 AM
66!
That is nuts!! lowest we have ever seen in montreal is like 78.4
LOL i love pulling up to a prius in my big ass v8 and say " Gas prices are good now arent they?"
lolz.. yes.. jerk..
countrychic
17-12-2008, 10:04 AM
69.9 here
Mr Ontario
24-12-2008, 06:17 PM
66.6 here today :)
Mr Ontario
26-03-2012, 10:30 AM
Crazy 127 here today. What one small year made in prices.
66.6 here today :)
ironwill
26-03-2012, 10:50 AM
134.9 here
Crazy 127 here today. What one small year made in prices.
More like 4 years :)
we are at 114 today - the highest it's been in a while.
Mr Ontario
26-03-2012, 09:48 PM
For old folks like you ;) I still feel 4 years younger still :)
More like 4 years :)
we are at 114 today - the highest it's been in a while.
Knock out the Libyan supply,sanction the Iranian supply,the people holding the Iraq production rights make more money.
Andre Gregoire
27-03-2012, 10:16 PM
129.9 here
MuSuLPhReAk
06-04-2012, 10:53 AM
So....how do you like the price of gas today?
MuSuLPhReAk
06-04-2012, 11:02 AM
News sites reporting 149.9 in some places now.
Mr Ontario
06-04-2012, 11:06 AM
Expecting nothing less, especially long Easter weekend.
yeah i don't think I'll risk driving home this summer -
Powered by vBulletin® Version 4.2.1 Copyright © 2026 vBulletin Solutions, Inc. All rights reserved.