Saudi Arabia Cuts Oil Output

[McGyver]

im pretty sure that if the US stopped buying oil from OPEC nothing would happen. With the introduction of the Tata Nano, Indians will be able to afford cars and drive more. China will eventually do the same, and then the market shifts form the US to Asia. Middle East still sells over priced oil.

[Pinepig]

It's a different situation right now. Demand is down actually and the price was still going out. So now cut oil production and hope for more demand?

It's a damn game right now.

That was the idea when they put OPEC together in the 70's ( IIRC ). Man they don't teach you youngsters anything in school about the world around you.

[Pinepig]

More cooked government Inflation numbers here we come

FIFY:razz:

[Farbin Kaiber]

Yeah but your population is generally healthy and educated. I'd pay a bit more for gas is I knew everyone I was around had the opportunity to become healthy and read.

Wow. Really? Tax everyone to give the lesser a better off position as opposed to the lesser off working harder to become better off? Why even try? You do know that will become unsustainable if everyone figures out they need do nothing to become better off.

[Pinepig]

Bitching about fuel costs because most of the profits of fuel here go right into big oil's coffers.

God damn there is some serious fucking fail in the this thread, big oil profits less than 10 percent, If you had a solid business plan and took it to the bank for a loan and told them you were only shooting for 10% they would tell you to GTFO. , the gov makes more on oil that the oil companies.

[Massimo]

Wow. Really? Tax everyone to give the lesser a better off position as opposed to the lesser off working harder to become better off? Why even try? You do know that will become unsustainable if everyone figures out they need do nothing to become better off.

Farbin is right, the amount of people who cheat the welfare system is stupid.

Funny thing is they have now cracked down a bit on it. Some jock had the bright idea to integrate the Tax Department with the Welfare department to cross reference information and to get the cheats, guess what it works. Don't know why they did not do it in the first place.

[e30vert]

Saudi Arabia has "sweet crude oil" which allows one to refine it and produce more gasoline from it then the shitty crude that is located under US soil. Thats why its valuable!

I itemize and deduct mileage for my business so thats very helpful! It is 55.5 cents a mile for 2012 - http://www.irs.gov/newsroom/article/...250882,00.html

Yippe!!!

It was 51 cents per gallon for 2011 as I recall so its headed in the right direction! I deducted a shit ton in mileage and so much so the IRS had to contact me to do a request for documentation! Provided documentation and saw 14 grand come off my taxes! Booo YA!

[M-technik-3]

God damn there is some serious fucking fail in the this thread, big oil profits less than 10 percent, If you had a solid business plan and took it to the bank for a loan and told them you were only shooting for 10% they would tell you to GTFO. , the gov makes more on oil that the oil companies.

10% ok

[Click]

Word on the street is a gallon of regular is 30¢ in Oman...

[Jand3rson]

Someone mentioned the price of oil.

Commence a 400 post thread with almost every post consisting of the price of gas where said poster lives.

[CHIF8008]

$4.99 for 89 at shell in CA

[Ryann]

God damn there is some serious fucking fail in the this thread, big oil profits less than 10 percent, If you had a solid business plan and took it to the bank for a loan and told them you were only shooting for 10% they would tell you to GTFO. , the gov makes more on oil that the oil companies.

Most large companies PRAY for 2% net. Did you omit gross/net from your figure intentionally or out of ignorance?

[priapism]

We hit an all new high today.

Roughly $11.30 for one gallon.

Given the massive government surpluses your government is running, I don't know how you guys stand for those massive taxes.

[CabbE30]

i ride a 125 cc scooter to and from work Yamaha Vino 125. filling my tank from empty used to cost $4.30ish, now I'm up to $5.10. At least a tank gets me one day short of 3 weeks of commuting

I ride a 50cc vino.
Has never cost me over $4 to fill up. 100mpg yeeee. But it's pretty nippy right now so Im still in the e30.

[318isfc3s]

The way he worded it I was thinking he meant, if you have a long commute you should be able to write it off.

Because if you are driving "for work" you can write off all of it, regardless of how little.

Didn't mean to confuse, my tax situation is a bit different from the normal 9-5 work in one place jobs. It would take too long to explain which is why I added the link to what you could write off in mileage.