..for our economy?

cause I never bought that bullshit and I still haven't seen any evidence.

Shit looks good to me.

I can get $1.93 in Charlotte

$1.77 if I drive 10 miles down to SC.

.

if you have energy stocks or an index fund that includes energy, you are probably taking a bigger hit there than you are saving at the pump. i know i am. if you don't have any, enjoy the ride, it's a long time coming.

plus if you ave money to own stock chances are gas prices arent going to make or break you anyways. But people who struggle to make it week to week this is definitely helping their pockets out.

a lot of people do invest in oil stocks individually, but the company you work for probably also invests in the stock market, and if that includes in the energy sector, they are taking a hit, which trickles down. likewise government invests. there's less money to go around because of this.


>plus if you ave money to own stock chances are gas prices
>arent going to make or break you anyways. But people who
>struggle to make it week to week this is definitely helping
>their pockets out.

not make or break, but the middle class is losing on this because so many of us own individual oil company stocks, index funds, or both. i'm happy to see lower prices at the pump because i always thought the inflated prices were bogus, but i'm more than paying for the difference because i happen to be invested. i won't shed a tear for the oil companies, fuck 'em, but i am losing money for now.

Dont let them cheat you

http://www.irs.gov/uac/Newsroom/New-Standard-Mileage-Rates-Now-Available;-Business-Rate-to-Rise-in-2015
*****************************************
huh

that industry had texas and a couple other states boomin last couple yrs
it's def gon be bad for somebody

>that industry had texas and a couple other states boomin last
>couple yrs
>it's def gon be bad for somebody

Geopolitical risk has increased in those countries dependent on oil prices and will increase further if prices remain this low.

but low oil prices is not bad for the "economy"

maybe not as high as they were immd...but they WILL go back up.

http://www.msn.com/en-us/money/stockdetails/fi-126.1.XOM.NYS?ocid=INSFIST10

this is exxons stock over the past calender year. notice that low point & kinda where it coincides...notice the trendline

macro trends heavily influenced by the global market say theres too much at stake for wholesale to stay this low...it will go up

but enjoy it now


does it really matter?

for all my fans who keep my name in their mouth: http://i.imgur.com/v2xNOpS.jpg

...

Vee is I and I am She

...

http://twitter.com/#!/Phenomenality
http://instagram.com/therealphenomenality
http://phenomenality.tumblr.com/archive

I'M LOVIN IT!

10% of business investment in the US is related to oil and gas drilling. So in this oil price down turn, overall business investment decreased, and 4th quarter GDP growth was below expectations.

On the other hand, personal consumption is up due to lower gas prices (people have more free cash to spend).

So yeah, it's a balancing act for the overall impact on our economy. Could be good, could be bad.
Remember. the US is a oil based economy (just not to the extent of Russia, Saudi Arabia, Venezuela, etc.)

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

partly due to gas prices being low but also because they just announced they aren't going to turn a profit anytime soon.

>partly due to gas prices being low

Teslas are $100k+
anybody spending $100k on a car aint worried if gas is $2 a gallon or $3.50

I'm talking about stock owners losing 20% over the last 3 months due to gas prices and missing projections

>I'm talking about stock owners losing 20% over the last 3
>months due to gas prices and missing projections

they may have same trend but WTI is not cause of Tesla stock declining

i'd like to see a chart of Tesla sales vs WTI over the last 60 months

also, Tesla was having battery charging problems and then lack of range which hurt their sales more than anything
ppl were KNOWN for getting stranded in Teslas and tow truck needing come to save them.

Even the editor of Car&Driver got stranded when he was doing the review of the Tesla (it could have been Road&Track it was one of those popular car magz)

>also, Tesla was having battery charging problems and then lack
>of range which hurt their sales more than anything
>ppl were KNOWN for getting stranded in Teslas and tow truck
>needing come to save them.

http://www.nytimes.com/2013/02/10/automobiles/stalled-on-the-ev-highway.html?pagewanted=all&_r=0


http://my.teslamotors.com/forum/forums/first-road-trip-big-fail

C'mon man.

I know waaaay more abt this situation than you'll ever know.

Ima let you cook tho.

Hence the hype for the Model 3 (or E). If they could roll out a 30K tomorrow they would do it.

The stock hit can also be coming from the announcement of the Chevy Bolt.



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

that aint effecting stock price nor markestshare today
im sorry yall but a $35k chevy aint dropping the stock price of a $100k tesla

just as a new 30k toyota dont have nothing to do with Benz S550 sales

totally different markets

maybe them EV rebates expired or something
or they had problems at the battery plant (which is why that econo Tesla launch date got pushed back already)

and then elon musk can be a downright dick one day and the stock will lose 5% just because of his attitude

Cuz 3-5yrs from now it's gonna be sky high.

people were probably excited to pull them out of the garage after all these years.

They already are..

I've been seeing Hummers out and about pretty regularly for the past few months.. especially in my little, blue collar California city. This is after not having seen a Hummer on the streets in a long time.

Folks were getting fed up with prices and lo and behold they drop, once people start to get okay they'll rise again. The gas game is completely under control.

I don't think this has anything to do with our displeasure.

please don't touch my tinfoil hat. I got the creases just how I like them.

These are business people responding to business conditions

>These are business people responding to business conditions

aint nobody got time to be playing with no $45 tank of gas
these saudis produce like 12,000,000 barrels of oil per day
that's $60,000,000 dollars A DAY!!!
every fucking day!
and it can be up to $120,000,000 a day when oil is at $100 a barrel

it's a lot of bread in this
countries go to war over oil

NY, I seen prices as low as $2.49
in Jersey its in $1.60 range in places

>NY, I seen prices as low as $2.49
>in Jersey its in $1.60 range in places

I guarantee that those communities shale drilling/fracking is practiced in are going to have a number of environmental concerns in the coming years, besides the total collapse of those regions once that oil money drys up. Trust, I can write stories about both chemical contamination and decimation of an entire state when the primary money cow dries up but whatever.

Additionally, cheap gas/oil prices discourages investment in alternative energies, and at some point the fossil fuel supplies will be gone.

In the short run? It's nice...very nice, but ultimately it hides bigger issues that should be addressed sooner rather than later.

in the middle of metro dallas. shit was nuts

and these were like 2.0 3.0 kind

I didn't know there was.

.

Again cheap gas is a boon here, but what are the global effects...

http://www.bloomberg.com/news/articles/2015-02-04/the-755-condom-is-the-latest-indignity-in-venezuela


Venezuelans who already must line up for hours to buy chicken, sugar, medicines and other basic products in short supply now face a new indignity: Condoms are hard to find and nearly impossible to afford.

“The country is so messed up that now we have to wait in line even to have sex,” lamented Jonatan Montilla, a 31-year-old advertising company art director. “This is a new low.”

A collapse in oil prices has deepened shortages of consumer products from diapers to deodorant in the OPEC country that imports most of what it consumes, with crude exports accounting for about 95 percent of its foreign currency earnings. As the price the country receives for its oil exports fell 60 percent in the past seven months, the economy is being pushed to the brink with a three-in-four chance of default in the next 12 months if oil prices don’t recover.

The impact of reduced access to contraceptives is far graver than frustration over failed hookups. Venezuela has one of South America’s highest rates of HIV infection and teenage pregnancy. Abortion is illegal.

“Without condoms we can’t do anything,” Jhonatan Rodriguez, general director at the not-for-profit health group StopVIH, said by phone Jan. 28 from Venezuela’s Margarita Island. “This shortage threatens all the prevention programs we have been working on across the country.”
Scarcity, Risks

The condom shortage, caused by a scarcity of dollars among importers, has prices on a website used to find scarce goods soaring and risks aggravating one of South America’s highest HIV infection and teenage pregnancy rates.

Condoms and other contraceptives disappeared from many Venezuelan pharmacies and clinics starting in late December, as the government tightened dollar disbursements amid sliding oil revenue, according to the Venezuelan Pharmaceutical Federation. No condoms were available in 10 eastern and central Caracas pharmacies visited in late January, compared with as many as 20 different kinds available at some locations in November, including Reckitt Benckiser Group plc’s Durex and Church & Dwight Co.’s Trojan brands.
Infection Rate

Venezuela had the third-fastest rate of HIV infections per capita in South America, after Paraguay and Brazil in 2013, United Nations data shows. The country also has the highest rate of teenage pregnancies on the continent after Guyana, at 83 per 1,000, according to 2012 data from the World Bank. This compares to just 4 per 1,000 in Germany and 31 in the U.S.

On the auction website MercadoLibre, used by Venezuelans to obtain scarce goods, a 36-pack of Trojans sells for 4,760 bolivars ($755 at the official exchange rate), close to the country’s minimum monthly wage of 5,600 bolivars. At the unofficial black-market rate used by people with access to dollars, the cost is about $25, compared to $21 in the U.S.

A two-thirds drop in the value of Venezuelan oil since June has brought the country to the brink of a debt default, according to prices in the swaps market. Instead of cutting social spending, President Nicolas Maduro has responded to lower revenue by slashing imports.

This year Venezuela will import 42 percent less than in 2012 in dollar terms, according to Bank of America Corp. estimates.
Lining Up

Shortages of everything from flour to heart medicine have spiked since December. Hundreds of people line up outside Caracas supermarkets at delivery times to buy food or household products at subsidized prices. Protests against Maduro’s handling of shortages, inflation and crime left 43 people dead last year.
Lining Up at a Pharmacy in Caracas

People queue up outside a pharmacy in Caracas, on Jan. 20, 2015.
Photographer: Federico Parra/AFP via Getty Images

In Venezuela, with abortion illegal, the disappearance of contraceptives will raise the number of female deaths by driving more pregnant women to clandestine clinics, said Carlos Cabrera, vice president of the local branch of London-based International Planned Parenthood Federation. A lack of condoms will also leave a long-lasting economic impact by taking girls and young women away from schools and the work force, he said.

“An unwanted teenage pregnancy is a mark of government’s failure: failure of its economic, public health and educational policy,” said Cabrera, a practicing gynecologist in Caracas.
No Trust

In the town of Los Teques on the outskirts of Caracas, Ramo Verde pharmacy manager Katherine Munoz stood by a contraceptive shelf filled with Asian-made condoms. No Durex or Duo, a Beiersdorf AG product, have arrived in her shop since October, with stocks depleting last month, she said, adding that customers “don’t trust” the brands she has left.

“People ask me whether I have used them myself and can recommend them,” Munoz said. “I can’t say I have.”

Supplies of birth control and emergency contraceptive pills as well as anti-retroviral drugs for HIV patients are also at critically low levels, according to IPPF and StopVIH.

Durex imports to Venezuela have collapsed “because of the political situation the country is going through,” Reckitt Benckiser spokeswoman Priscilla Sotela said in an e-mailed response to questions. Church & Dwight didn’t respond to an e-mail and phone calls seeking comment

Maduro promised in 2013 to build a network of condom factories to protect Venezuela’s youth from the effects of “capitalist pornography.”
‘Ears Grow Hot’

“When the ears grow hot and nothing can wait, and everything must happen now or the world will end -- that’s when you end up with a tremendous belly at 14 or 15 years of age,” he said in a televised address in June 2013. “This can’t be.”

None of the factories have been completed, according to the pharmaceutical federation President Freddy Ceballos.

Officials at Venezuela’s Health Ministry didn’t respond to e-mails and phone calls from Bloomberg News seeking comment on contraceptive shortages.

“I ran out yesterday. Now, there’s next to nothing, and what you find is really expensive,” said Montilla, the advertising company art director. “You can’t take any risks.”

To get contraceptives in the capital, residents can still go to one of three family-planning centers run by IPPF subsidiary PlaFam, where in late January condoms were sold freely for 3 bolivars a piece.

“This is all there is,” said pharmacist Carlos Hernandez as he handed out the last two condoms available in the dispensary of the University Hospital of Caracas on Jan. 29. “Who knows when we will get more.”

does it really matter?

wonder what bin's doing? - Corey
http://i.imgur.com/phECCMp.jpg

If it stays under $2.50, i won't complain.

Funny thing is I saw a few stations with 2.11 right next to stations with 1.99

i'm still waiting for that day i can fill up again at $1.29/gal