Why oil is cheap; what does it mean?

[freebeard]

Sorry, I was trying to get out the door to go stack firewood. It would only have taken a moment: https://www.google.com/search?q=fracking+chemicals

Serves me right for getting my news from rense.com.

[rmay635703]

Originally Posted by Hersbird

I also love the term "chemicals". Sounds so terrible. Everything is a chemical. I guess except positive thoughts and rainbows. So if we can't use chemicals maybe we can pump rainbows down the wells.

Likewise methanol and various petrolium distallates as a base with 150 additives doesn't sound as appetising as frac water either.

[redpoint5]

Originally Posted by rmay635703

Those stories should be prefaced with
"Interview with a moron"

...and the stories should be postfixed with "Interviewed by a moron".

Local news is simply awful.

[gone-ot]

Originally Posted by redpoint5

...and the stories should be postfixed with "Interviewed by a moron".

Local news is simply awful.

I immediately thought of this (fast forward to time 0.32 sec):

https://www.youtube.com/watch?v=gDmA7x42gxw

[IamIan]

Originally Posted by Hersbird

I also love the term "chemicals". Sounds so terrible. Everything is a chemical. I guess except positive thoughts and rainbows. So if we can't use chemicals maybe we can pump rainbows down the wells.

Here's a fun one
Dihydrogen Monoxide

[rmay635703]

Originally Posted by IamIan

Here's a fun one
Dihydrogen Monoxide

But there is only a very small percentage of liquid death in the 100,000 gallons + we pump in during each cycle.

[gone-ot]

Originally Posted by IamIan

Here's a fun one
Dihydrogen Monoxide

This pix is hilarious:

[Cobb]

When will the price of motor oils and tires go down?

[user removed]

It means 185 miles on the Sentra @ $11.10 and 48 miles on the bike @ $1.44 for the last 10 days. 3 cents a mile on the bike and 6 on the Sentra. Overall 5.6 cents a mile and 41.25 mpg.

Not bad for $950 purchase price for both vehicles. If I rode the scooter at 170 MPG it would be 1.29 cents per mile, barely more than I paid in 1968 in a bug eye sprite.

regards
mech

[Lou Speed]

Indeed, oil seems to be cheap right now. I think it is cheap because demand is temporarily low. Why isn't demand greater now? Perhaps because world economy is not so good as it used to be few years ago. High oil price has hurt economy. But wait – didn't I say that oil is cheap? Yes it is, now. It seems that I described an oscillating system. So, probably demand of oil and economy will get a little better because of low oil price as it is now, but then later increasing demand will lead to higher oil price. Perhaps oil price will be over $100 June 2015. Something like that. Just a guess.