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Lobby General Discussion topic #12714282

Subject: "anyone still trying to argue that lower gas prices are bad..." Previous topic | Next topic
legsdiamond
Member since May 05th 2011
79325 posts
Fri Jan-30-15 02:08 PM

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"anyone still trying to argue that lower gas prices are bad..."


          

..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.

  

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Topic Outline
Subject Author Message Date ID
i live in texas.
Jan 30th 2015
1
it depends on how much you have invested in oil stocks
Jan 30th 2015
2
that is such a small amount of people though
Jan 30th 2015
17
      but it's not just people
Jan 30th 2015
21
Those of you who drive for your job
Jan 30th 2015
3
holla at ppl who work in the energy industry
Jan 30th 2015
4
Yep.
Jan 30th 2015
6
price fluctuations are always gonna be bad for SOMEBODY
Jan 30th 2015
7
      yup, the key word is the ECONOMY
Jan 30th 2015
11
dont get comfy. they going up
Jan 30th 2015
5
Base
Jan 30th 2015
9
no doubt, I'm sure it will rise at some point but right now?
Jan 30th 2015
14
Most of the econ growth in the past few years has been petro related
Jan 30th 2015
8
I just hope hummers and big SUVs don't make a comeback.
Jan 30th 2015
10
Tesla's stock has taken a hit...
Jan 30th 2015
13
Tesla's customer base isnt worried about gas prices
Jan 30th 2015
15
I'm not talking about Tesla car owners...
Jan 30th 2015
22
Im telling you Tesla stock is not based on WTI
Jan 30th 2015
25
      Untrue man.
Jan 30th 2015
28
           yuh waaan tess de bess???
Jan 30th 2015
30
                You post two articles of isolated events and attribute that to the stock...
Jan 30th 2015
37
Telsa doesn't really want to be a luxury car brand only
Jan 30th 2015
32
      dude that econo Tesla is 2yrs away
Jan 30th 2015
33
You might wanna buy it now.
Jan 30th 2015
23
I have seen quite a few H2's out since prices dropped
Jan 30th 2015
18
RE: I just hope hummers and big SUVs don't make a comeback.
Jan 30th 2015
36
Okie doke gas prices
Jan 30th 2015
12
we are always fed up with gas prices...
Jan 30th 2015
16
It's about control not the peoples pleasure or displeasure
Jan 30th 2015
34
People have REAL money at stake. Ain't no kowtowing to folk's feelings
Jan 30th 2015
20
      LOL 70% of the states of Texas?Oklahoma eats off gas prices
Jan 30th 2015
26
NY is still high compared to NJ
Jan 30th 2015
19
NY is ALWAYS high compared to NJ <--- fixed it for you :)
Jan 30th 2015
35
not good for the long term economy
Jan 30th 2015
24
in the coming years? we had like 6 earthquakes in 2 days
Jan 30th 2015
27
      is there fracking in that region?
Jan 30th 2015
29
           hell yeah!!! thats the Barnett shale
Jan 30th 2015
31
$755 condoms
Feb 05th 2015
38
going up now...hope yall enjoyed it nm
Feb 05th 2015
39
is this good or bad for the economy? LOL
Feb 05th 2015
40
Ours jumped from $1.75 to $1.99 just within this week.
Feb 05th 2015
41
1.92 to 2.09 in Charlotte
Feb 05th 2015
42
i never got below $2/gal :(
Feb 05th 2015
43

deejboram
Member since Sep 27th 2002
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Fri Jan-30-15 02:09 PM

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1. "i live in texas."
In response to Reply # 0


  

          

.

****
pink toes: http://i.imgur.com/WN7DPL1

  

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howisya
Member since Nov 09th 2002
39983 posts
Fri Jan-30-15 02:10 PM

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2. "it depends on how much you have invested in oil stocks"
In response to Reply # 0


  

          

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.

  

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RobOne4
Member since Jun 06th 2003
56697 posts
Fri Jan-30-15 03:22 PM

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17. "that is such a small amount of people though"
In response to Reply # 2


  

          

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.

November 8th, 2005 The greatest night in the history of GD!

  

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howisya
Member since Nov 09th 2002
39983 posts
Fri Jan-30-15 03:30 PM

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21. "but it's not just people"
In response to Reply # 17


  

          

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.

  

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DaHeathenOne76
Member since May 11th 2003
29362 posts
Fri Jan-30-15 02:11 PM

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3. "Those of you who drive for your job"
In response to Reply # 0


          

Dont let them cheat you

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

  

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southphillyman
Member since Oct 22nd 2003
90059 posts
Fri Jan-30-15 02:14 PM

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4. "holla at ppl who work in the energy industry"
In response to Reply # 0


  

          

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

~~~~~~

  

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Ted Gee Seal
Member since Apr 18th 2007
10091 posts
Fri Jan-30-15 02:43 PM

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6. "Yep."
In response to Reply # 4


  

          

>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.

Just IMO though.

  

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GriftyMcgrift
Member since May 22nd 2002
20414 posts
Fri Jan-30-15 02:45 PM

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7. "price fluctuations are always gonna be bad for SOMEBODY"
In response to Reply # 4


  

          

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

  

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legsdiamond
Member since May 05th 2011
79325 posts
Fri Jan-30-15 03:15 PM

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11. "yup, the key word is the ECONOMY "
In response to Reply # 7


          

  

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Binlahab
Charter member
182954 posts
Fri Jan-30-15 02:15 PM

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5. "dont get comfy. they going up"
In response to Reply # 0


  

          

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

  

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Phenomenality
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Fri Jan-30-15 03:09 PM

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9. "Base"
In response to Reply # 5


  

          


...

Vee is I and I am She

...

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

  

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legsdiamond
Member since May 05th 2011
79325 posts
Fri Jan-30-15 03:21 PM

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14. "no doubt, I'm sure it will rise at some point but right now? "
In response to Reply # 5


          

I'M LOVIN IT!

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15893 posts
Fri Jan-30-15 02:47 PM

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8. "Most of the econ growth in the past few years has been petro related"
In response to Reply # 0


          

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.)

_______________________________________

  

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Buddy_Gilapagos
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49333 posts
Fri Jan-30-15 03:15 PM

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10. "I just hope hummers and big SUVs don't make a comeback. "
In response to Reply # 0


  

          


**********
"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/

  

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legsdiamond
Member since May 05th 2011
79325 posts
Fri Jan-30-15 03:19 PM

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13. "Tesla's stock has taken a hit... "
In response to Reply # 10


          

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

  

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deejboram
Member since Sep 27th 2002
25755 posts
Fri Jan-30-15 03:21 PM

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15. "Tesla's customer base isnt worried about gas prices"
In response to Reply # 13


  

          

>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

****
pink toes: http://i.imgur.com/WN7DPL1

  

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legsdiamond
Member since May 05th 2011
79325 posts
Fri Jan-30-15 03:34 PM

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22. "I'm not talking about Tesla car owners..."
In response to Reply # 15


          

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



  

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deejboram
Member since Sep 27th 2002
25755 posts
Fri Jan-30-15 03:39 PM

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25. "Im telling you Tesla stock is not based on WTI"
In response to Reply # 22
Fri Jan-30-15 03:43 PM by deejboram

  

          

>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)

****
pink toes: http://i.imgur.com/WN7DPL1

  

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Stoogie
Member since Dec 06th 2006
12348 posts
Fri Jan-30-15 04:01 PM

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28. "Untrue man."
In response to Reply # 25


  

          


>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.

"A nation or civilization that continues to produce soft-minded men purchases its own spiritual death on the installment plan" (c) Martin Luther King Jr.

  

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deejboram
Member since Sep 27th 2002
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Fri Jan-30-15 04:14 PM

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30. "yuh waaan tess de bess???"
In response to Reply # 28


  

          

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

****
pink toes: http://i.imgur.com/WN7DPL1

  

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Stoogie
Member since Dec 06th 2006
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Fri Jan-30-15 06:39 PM

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37. "You post two articles of isolated events and attribute that to the stock..."
In response to Reply # 30


  

          

C'mon man.

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

Ima let you cook tho.

"A nation or civilization that continues to produce soft-minded men purchases its own spiritual death on the installment plan" (c) Martin Luther King Jr.

  

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Buddy_Gilapagos
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Fri Jan-30-15 04:17 PM

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32. "Telsa doesn't really want to be a luxury car brand only"
In response to Reply # 15
Fri Jan-30-15 04:18 PM by Buddy_Gilapagos

  

          

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/

  

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deejboram
Member since Sep 27th 2002
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Fri Jan-30-15 04:23 PM

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33. "dude that econo Tesla is 2yrs away"
In response to Reply # 32


  

          

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

****
pink toes: http://i.imgur.com/WN7DPL1

  

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Stoogie
Member since Dec 06th 2006
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Fri Jan-30-15 03:35 PM

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23. "You might wanna buy it now."
In response to Reply # 13


  

          

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

"A nation or civilization that continues to produce soft-minded men purchases its own spiritual death on the installment plan" (c) Martin Luther King Jr.

  

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RobOne4
Member since Jun 06th 2003
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Fri Jan-30-15 03:24 PM

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18. "I have seen quite a few H2's out since prices dropped "
In response to Reply # 10


  

          

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

November 8th, 2005 The greatest night in the history of GD!

  

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Original Juice
Member since Oct 03rd 2007
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Fri Jan-30-15 04:46 PM

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36. "RE: I just hope hummers and big SUVs don't make a comeback. "
In response to Reply # 10


          

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.

  

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Atillah Moor
Member since Sep 05th 2013
13825 posts
Fri Jan-30-15 03:19 PM

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12. "Okie doke gas prices "
In response to Reply # 0


  

          

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.

______________________________________

Everything looks like Oprah kissing Harvey Weinstein these days

  

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legsdiamond
Member since May 05th 2011
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Fri Jan-30-15 03:22 PM

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16. "we are always fed up with gas prices..."
In response to Reply # 12


          

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

  

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Atillah Moor
Member since Sep 05th 2013
13825 posts
Fri Jan-30-15 04:38 PM

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34. "It's about control not the peoples pleasure or displeasure "
In response to Reply # 16


  

          

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

______________________________________

Everything looks like Oprah kissing Harvey Weinstein these days

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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Fri Jan-30-15 03:29 PM

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20. "People have REAL money at stake. Ain't no kowtowing to folk's feelings"
In response to Reply # 12
Fri Jan-30-15 03:29 PM by PimpTrickGangstaClik

          

These are business people responding to business conditions

_______________________________________

  

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deejboram
Member since Sep 27th 2002
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Fri Jan-30-15 03:47 PM

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26. "LOL 70% of the states of Texas?Oklahoma eats off gas prices"
In response to Reply # 20


  

          

>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

****
pink toes: http://i.imgur.com/WN7DPL1

  

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Tony Sparks
Member since Nov 20th 2007
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Fri Jan-30-15 03:24 PM

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19. "NY is still high compared to NJ"
In response to Reply # 0


  

          

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

  

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Damali
Member since Sep 12th 2002
35854 posts
Fri Jan-30-15 04:45 PM

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35. "NY is ALWAYS high compared to NJ <--- fixed it for you :)"
In response to Reply # 19
Fri Jan-30-15 04:46 PM by Damali

          

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

  

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shygurl
Member since Oct 08th 2002
13345 posts
Fri Jan-30-15 03:38 PM

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24. "not good for the long term economy"
In response to Reply # 0
Fri Jan-30-15 03:39 PM by shygurl

          

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.

  

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GriftyMcgrift
Member since May 22nd 2002
20414 posts
Fri Jan-30-15 03:49 PM

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27. "in the coming years? we had like 6 earthquakes in 2 days"
In response to Reply # 24


  

          

in the middle of metro dallas. shit was nuts

and these were like 2.0 3.0 kind

  

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shygurl
Member since Oct 08th 2002
13345 posts
Fri Jan-30-15 04:09 PM

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29. "is there fracking in that region?"
In response to Reply # 27


          

I didn't know there was.

  

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deejboram
Member since Sep 27th 2002
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Fri Jan-30-15 04:15 PM

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31. "hell yeah!!! thats the Barnett shale"
In response to Reply # 29


  

          

.

****
pink toes: http://i.imgur.com/WN7DPL1

  

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shygurl
Member since Oct 08th 2002
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Thu Feb-05-15 03:59 AM

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38. "$755 condoms "
In response to Reply # 0


          

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.”

  

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Binlahab
Charter member
182954 posts
Thu Feb-05-15 05:40 AM

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39. "going up now...hope yall enjoyed it nm"
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does it really matter?

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

  

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legsdiamond
Member since May 05th 2011
79325 posts
Thu Feb-05-15 08:54 AM

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40. "is this good or bad for the economy? LOL"
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Marbles
Member since Oct 19th 2004
22276 posts
Thu Feb-05-15 08:58 AM

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41. "Ours jumped from $1.75 to $1.99 just within this week."
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If it stays under $2.50, i won't complain.

  

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legsdiamond
Member since May 05th 2011
79325 posts
Thu Feb-05-15 09:07 AM

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42. "1.92 to 2.09 in Charlotte"
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Funny thing is I saw a few stations with 2.11 right next to stations with 1.99



  

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howisya
Member since Nov 09th 2002
39983 posts
Thu Feb-05-15 12:53 PM

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43. "i never got below $2/gal :("
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i'm still waiting for that day i can fill up again at $1.29/gal

  

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