GasBuddy Blog

GasBuddy News Article

votes

Oil prices' new dynamic: too much oil, too little demand?

The Christian Science Monitor -- Oil prices could fall over the next five years as supply grows and demand languishes, a new report forecasts. Expanding production from North America and shift in demand to Asia behind new dynamic for oil prices.
Oil prices started the week on a down note Monday as traders focused on tepid economic signals in China.
Benchmark oil prices fell in London as Brent crude traded below $114 a barrel. In late morning trading in the US, oil prices on the New York Mercantile Exchange were down below $91.
The daily ups and downs of the oil market hint at a much bigger picture. The world of energy, as we know it, is beginning to look a little topsy-turvy. And the effect on oil prices could be beneficial for consumers....

Read the Full Article

Submitted Oct 17, 2012 By: Bill G.

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Oil prices' new dynamic: too much oil, too little demand?	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

gasolineowl Champion Author Connecticut Posts:17,136 Points:3,103,920 Joined:Aug 2004	Message Posted: Feb 2, 2013 3:47:24 AM Ignore gasolineowl Report Abuse Where do you live? Oil & gas prices have been on the rise here in Conn.My stocks on the oil market also have risen to make me a huge profit on the plus side of the economy.
DanMtz Champion Author Oakland Posts:3,355 Points:1,243,325 Joined:Oct 2009	Message Posted: Oct 18, 2012 10:57:21 AM Ignore DanMtz Report Abuse The economy would boom if there were suddenly "cheap" oil.
A2J Champion Author Richmond Posts:3,075 Points:602,950 Joined:Aug 2011	Message Posted: Oct 18, 2012 9:11:59 AM Ignore A2J Report Abuse Indeed
jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Oct 18, 2012 6:09:33 AM Ignore jrs4125 Report Abuse Alrighty then
SaturnSC Champion Author Columbus Posts:1,051 Points:832,600 Joined:Nov 2008	Message Posted: Oct 18, 2012 5:28:37 AM Ignore SaturnSC Report Abuse Yah right
07skydriver Champion Author Ohio Posts:3,261 Points:983,105 Joined:Feb 2009	Message Posted: Oct 18, 2012 5:28:10 AM Ignore 07skydriver Report Abuse Just stay home.
pepinoNC Champion Author Raleigh Posts:2,159 Points:659,015 Joined:May 2011	Message Posted: Oct 18, 2012 2:41:08 AM Ignore pepinoNC Report Abuse Sounds like a massive conspiracy.
Beeble Rookie Author Albuquerque Posts:20 Points:117,450 Joined:Jan 2006	Message Posted: Oct 17, 2012 11:24:25 PM Ignore Beeble Report Abuse Want prices to keep falling? Buy a more energy-efficient vehicle. If we all added 10% to our efficiency, that would knock 10% off prices (or more, since it would also panic the oil retailers into more price wars).
obimerrill Champion Author Cincinnati Posts:1,445 Points:290,690 Joined:Jul 2012	Message Posted: Oct 17, 2012 11:23:36 PM Ignore obimerrill Report Abuse Riiiiiight
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Oct 17, 2012 11:22:52 PM Ignore tedjm1 Report Abuse Don't hold your breath.
MN1 Champion Author Twin Cities Posts:3,364 Points:651,565 Joined:Jun 2011	Message Posted: Oct 17, 2012 11:21:21 PM Ignore MN1 Report Abuse Not holding my breath.
Ray_10589 Champion Author New York Posts:4,951 Points:1,183,960 Joined:May 2009	Message Posted: Oct 17, 2012 11:21:13 PM Ignore Ray_10589 Report Abuse not likely
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:786,590 Joined:Nov 2010	Message Posted: Oct 17, 2012 11:20:31 PM Ignore zdcatc12 Report Abuse Don't believe it.
KDMWI Champion Author Wisconsin Posts:4,207 Points:382,620 Joined:Oct 2008	Message Posted: Oct 17, 2012 11:20:15 PM Ignore KDMWI Report Abuse On the same article under Related Stories, it says, Rising demand for oil could lead to global double-dip recession
WhiteTreeIndian Champion Author New Jersey Posts:5,659 Points:1,123,085 Joined:Dec 2009	Message Posted: Oct 17, 2012 11:19:37 PM Ignore WhiteTreeIndian Report Abuse That is supposed to bring it down
Is246 Champion Author Albuquerque Posts:1,014 Points:427,610 Joined:Apr 2011	Message Posted: Oct 17, 2012 11:16:52 PM Ignore Is246 Report Abuse Good, we'll see if it happens.
DEG Champion Author Las Vegas Posts:17,625 Points:3,495,680 Joined:Jul 2003	Message Posted: Oct 17, 2012 11:14:36 PM Ignore DEG Report Abuse The demand would increase if oil were properly priced. It is about double what is reasonable for the world's economies.
johton Champion Author Seattle Posts:1,215 Points:312,165 Joined:Jun 2012	Message Posted: Oct 17, 2012 11:14:11 PM Ignore johton Report Abuse up and down and too high
nurdco Champion Author Colorado Springs Posts:9,238 Points:1,695,385 Joined:Apr 2008	Message Posted: Oct 17, 2012 11:14:09 PM Ignore nurdco Report Abuse DROP the RETAIL price at the pump and WE WILL COME...
Yooperheart Champion Author Michigan Posts:3,416 Points:527,025 Joined:Feb 2010	Message Posted: Oct 17, 2012 11:13:30 PM Ignore Yooperheart Report Abuse No body is working, don't need the fuel when you sit home.
Wanda127 Champion Author Florida Posts:2,499 Points:915,005 Joined:May 2010	Message Posted: Oct 17, 2012 11:11:08 PM Ignore Wanda127 Report Abuse Hope the prices drop soon.
Glock26 Champion Author Dayton Posts:1,529 Points:633,360 Joined:Mar 2011	Message Posted: Oct 17, 2012 11:10:13 PM Ignore Glock26 Report Abuse Good!!!
AnObserver Champion Author New Jersey Posts:8,359 Points:2,258,755 Joined:Sep 2005	Message Posted: Oct 17, 2012 11:08:57 PM Ignore AnObserver Report Abuse The Law of Supply and Demand strikes again
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: Oct 17, 2012 11:08:17 PM Ignore joel27nc Report Abuse Why aren't the prices fallen fast then?
Kawibiker Champion Author Illinois Posts:1,175 Points:205,575 Joined:May 2012	Message Posted: Oct 17, 2012 11:07:08 PM Ignore Kawibiker Report Abuse Good, hope demand drops and prices drop also..
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Oct 17, 2012 11:06:52 PM Ignore boatfloyd Report Abuse The demand will come back.
N5EXY Champion Author Austin Posts:5,497 Points:1,510,755 Joined:Jul 2004	Message Posted: Oct 17, 2012 11:06:09 PM Ignore N5EXY Report Abuse Only 20 days until the ejection.
shores4now Champion Author Kentucky Posts:2,411 Points:524,775 Joined:Jul 2009	Message Posted: Oct 17, 2012 11:04:51 PM Ignore shores4now Report Abuse Ok
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Oct 17, 2012 11:03:55 PM Ignore Blue_Cruzer Report Abuse Wishful thinking.
rahcat Champion Author Grand Rapids Posts:2,473 Points:663,175 Joined:Jan 2010	Message Posted: Oct 17, 2012 11:03:38 PM Ignore rahcat Report Abuse Can't read entire article.
jrsva Champion Author Virginia Posts:9,857 Points:1,613,225 Joined:Jan 2006	Message Posted: Oct 17, 2012 11:00:28 PM Ignore jrsva Report Abuse Some cross talk going on here. This article: “Oil prices' new dynamic: too much oil, too little demand?” Link under Related Stories at the end of the article: “Rising demand for oil could lead to global double-dip recession” OK folks, which is it??
gizmojoe Sophomore Author Ontario Posts:172 Points:255,635 Joined:Apr 2012	Message Posted: Oct 17, 2012 10:59:04 PM Ignore gizmojoe Report Abuse Price is too high already
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Oct 17, 2012 10:56:49 PM Ignore clermont40miles Report Abuse Price is high regardless.
camaro_man Champion Author Kitchener-Waterloo Posts:2,232 Points:611,045 Joined:Jun 2010	Message Posted: Oct 17, 2012 10:55:27 PM Ignore camaro_man Report Abuse whatever...
ty58 Veteran Author Akron Posts:320 Points:485,280 Joined:Jun 2011	Message Posted: Oct 17, 2012 10:54:14 PM Ignore ty58 Report Abuse ok we'll see
MrPony Veteran Author North Carolina Posts:422 Points:393,830 Joined:Jul 2004	Message Posted: Oct 17, 2012 10:53:42 PM Ignore MrPony Report Abuse Then lower prices and create demand!
boatmen Champion Author New York Posts:3,085 Points:622,805 Joined:Jan 2011	Message Posted: Oct 17, 2012 10:52:11 PM Ignore boatmen Report Abuse not with them closing refinery's to keep supplys limited Greed
jim5000 Rookie Author Los Angeles Posts:74 Points:45,380 Joined:May 2011	Message Posted: Oct 17, 2012 10:51:49 PM Ignore jim5000 Report Abuse it's politicians fault
us4usa Champion Author Missouri Posts:5,991 Points:1,113,265 Joined:May 2008	Message Posted: Oct 17, 2012 10:51:27 PM Ignore us4usa Report Abuse That light burning at the end of the tunnel is warming up the soup pot, for the poor and now middle class...
goodbuy Champion Author Michigan Posts:7,668 Points:1,422,580 Joined:May 2005	Message Posted: Oct 17, 2012 10:49:41 PM Ignore goodbuy Report Abuse And this is all President Bush's fault.
nru Champion Author Twin Cities Posts:1,748 Points:983,225 Joined:Feb 2006	Message Posted: Oct 17, 2012 10:49:03 PM Ignore nru Report Abuse Stop the roller coaster - put the federal fleet on CNG, and tell Putin to go back to his hole
clement007 Champion Author Cleveland Posts:8,257 Points:1,846,750 Joined:Apr 2005	Message Posted: Oct 17, 2012 10:48:59 PM Ignore clement007 Report Abuse can't read the article!
wang91554 Champion Author San Jose Posts:3,170 Points:1,201,805 Joined:May 2009	Message Posted: Oct 17, 2012 10:48:14 PM Ignore wang91554 Report Abuse if there's too little demand, the high cost wells will stop producing. Simple as that.
gabfiore Sophomore Author San Diego Posts:151 Points:86,925 Joined:Apr 2012	Message Posted: Oct 17, 2012 10:46:47 PM Ignore gabfiore Report Abuse It seems there is a light burning at the end of the tunnel...but a noticable change is not soon enough!
dld1295 Sophomore Author Detroit Posts:177 Points:343,800 Joined:Apr 2011	Message Posted: Oct 17, 2012 10:46:45 PM Ignore dld1295 Report Abuse This story sounds very famliar
mrbee Champion Author Little Rock Posts:3,758 Points:2,466,585 Joined:Oct 2005	Message Posted: Oct 17, 2012 10:45:49 PM Ignore mrbee Report Abuse We are waiting.
WIPACKERFAN Champion Author Chicago Posts:8,804 Points:1,843,450 Joined:Aug 2005	Message Posted: Oct 17, 2012 10:45:28 PM Ignore WIPACKERFAN Report Abuse Time will tell.
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Oct 17, 2012 10:40:33 PM Ignore SparkieMi Report Abuse Time will tell!!!!!
FlyNFool Champion Author South Carolina Posts:8,244 Points:1,685,200 Joined:Aug 2008	Message Posted: Oct 17, 2012 10:39:33 PM Ignore FlyNFool Report Abuse That's a good thing.
lolhahaha Sophomore Author San Diego Posts:111 Points:13,760 Joined:Oct 2012	Message Posted: Oct 17, 2012 10:38:43 PM Ignore lolhahaha Report Abuse "Let's see if we can get the prices to the 80's levels: 99 cents a gallon." People seem to forget, we were paying 95-1.05 a gallon in 2001-2002 in a lot of the country. I surely remember paying under a dollar for a while there.