Have We Been Trained To No Longer Acknowlege Gas Prices????? That shyt Is Under 2.00$ Breh's

Uptown WaYo87

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yea right now in nyc gas is at 2.85...thats the lowest i ever seen it.

I know of one gas station on mcguiness blvd in queens under the BQE...thats the cheapest gas station in the city, that shyt gotta be like 2.40 over there right now

ya other states is really eating tho...under $2 :wow:
 

Data-Hawk

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it must be a nice feeling to fill up for $30. thats a 1 week unlimited ride metrocard :wow:

Yeah man. It's usually $50 - $60. I only get gas once every 2 weeks ( live 5 minutes from work )..


Ahhhhhh.


Edit: wait until I go back to Bmore it's even cheaper there.
 

Rarely-Wrong Liggins

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Filled up for $1.67 on Friday
fii6l.gif

THE fukk?!
 

Scientific Playa

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>>Why are we not celebrating this and giving props to whatever is getting us these prices. I have no fukkin idea why its dropping like it is, but im happy as fukk. Is it the democrats giving their last fukk you to the Republicans before they get the office back???? Should we expect this shyt to sky rocket in the near future cause of this? WTF is the deal?

There's a lot of conflicting cross current geopolitical theories for the drop in oil prices. Some say it a war on the bric nations led by russia and china for de-leveraging from the u.s. petro-dollar as the world's reserve currency. some say it's a rift with the saudis for various reasons. some peg it as an overly successful oil fracking industry in north america. who really knows.

americans are celebrating with their pockets. saw a story this morning forecasting a record month for electronics and gadget sales. autos are moving and down payments for homes has returned to 3%.

as far as being trained, most of us are gullible consuming sheepie that fall in line with the power structure since the 1920's.

______________________________________________________________


Saudi Arabia and UAE blame oil rout on countries outside Opec
Anjli Raval, Oil and Gas Correspondent

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Production debate: Ali al-Naimi, Saudi oil minister (c), speaks with Suhail bin Mohammed al-Mazroui, United Arab Emirates energy minister (r), at the Arab Energy Conference in Abu Dhabi

Saudi Arabia and the United Arab Emirates on Sunday blamed the oil price rout on producers outside Opec and reaffirmed their stance to keep output at current levels.

Ali al-Naimi, Saudi Arabia’s oil minister, said he was “100 per cent not pleased” with the near 50 per cent slide in crude oil prices since the middle of June, but said it was a lack of non-Opec co-operation that was a key contributor to the sharp decline.

“The kingdom of Saudi Arabia and other countries sought to bring back balance to the market, but the lack of co-operation from other producers outside Opec and the spread of misleading information and speculation led to the continuation of the drop in prices,” he said at an energy conference in Abu Dhabi, according to Reuters. “Let the most efficient producers produce.”

Mr Naimi said for the second time in three days that he was “confident the oil market will improve”, but he did not say when.

Speaking at the same gathering, Suhail bin Mohammed al-Mazroui, the UAE energy minister, said one of the principal reasons for the price falls was “the irresponsible production of some producers from outside Opec”. He called for oil producers to maintain, and not expand, production throughout next year to keep supply and demand in check.

The comments from the two Gulf producers underline their commitment to production targets that stand at 30m barrels a day, despite calls from some poorer members of the cartel to reduce output to bolster prices.

Mr Naimi said the kingdom would not cut production to prop up the market, even if non-Opec nations lowered output. “If they want to cut production they are welcome, we are not going to cut, certainly Saudi Arabia is not going to cut,” he said.

Global energy forecasters are expecting less demand for Opec oil in 2015 amid a rise in US shale production and a slowdown in demand in Europe and Asia. As such, many expect a significant surplus in the first half of next year.

In depth
Oil: the big drop

6e6ec152-5461-11e4-b2ea-00144feab7de.img

Latest news and comment on the global economic and political consequences of tumbling oil prices

Further reading

Opec’s production policy and concerns about a supply glut have seen the price of Brent crude — the international oil benchmark — fall below $60 a barrel. Last week, Brent hit its lowest level in more than five years.

At the conference, Mr Mazroui echoed a previous statement, saying “Opec is not a swing producer” and “it’s not fair that we correct the market for everyone else.”

The UAE is thought to have the closest views to Saudi Arabia, a Gulf ally as well as the cartel’s largest producer and de facto leader.

Ahead of last month’s Opec meeting in Vienna, Mr Mazroui told the Financial Times: “Yes, there is an oversupply but that oversupply is not an Opec problem.”

He also said that non-Opec countries and high-cost production — such as oil from US shale fields — should play a role in balancing the market. Lower prices would help cut excess supplies from more expensive oilfields while preserving the share of lower-cost Opec producers as well as induce demand. The “market will fix it”, he said in November.

Mr Naimi reiterated at the conference that the price fall would not have “a noticeable” impact on Saudi Arabia’s economy. The minister has been criticised at home for his failure to communicate properly the thinking behind the decision to maintain production levels. The drop in oil prices has eaten into the country’s savings and roiled its stock markets.

He also sought to rebut broader claims that Saudi Arabia has been using the oil price as a political tool. “The talk about conspiracy by Saudi Arabia for political motives . . . is baseless and shows lack of understanding,” he said. “The [oil] policy of the kingdom is based on a strict economic basis.”

Meanwhile, Adil Abdul Mahdi, the Iraqi oil minister, told reporters on Sunday that he saw no need for an emergency Opec meeting. Ali Al-Omair, Kuwait’s oil minister, said there was no need to cut production. Their comments were in line with those from other Opec ministers in recent days that suggest they are unlikely to alter their stance on production levels.
 

beanz

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Yeah man. It's usually $50 - $60. I only get gas once every 2 weeks ( live 5 minutes from work )..


Ahhhhhh.


Edit: wait until I go back to Bmore it's even cheaper there.

last car i had was a 96 deville. it costed me around 75 to fill it and i got like 11 miles to the gallon.

miss my baby tho. havent gotten another car since :to:

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Rarely-Wrong Liggins

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The columnist and bloggers are trying to talk oil back up and it seems like it's working. That $60 benchmark is a tough nut to crack.
 

DetroitEWarren

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Detroit You bytch Ass nikka
last car i had was a 96 deville. it costed me around 75 to fill it and i got like 11 miles to the gallon.
Did that have a Northstar????? The Caddi I had had the Northstar engine and that mothafukka was horrible on gas and a simple oil change costed a arm and a leg due to the amount of liters it held. I fukkin hated that car, every single repair/maintenance was always expensive as fukk smh.
 

beanz

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Did that have a Northstar????? The Caddi I had had the Northstar engine and that mothafukka was horrible on gas and a simple oil change costed a arm and a leg due to the amount of liters it held. I fukkin hated that car, every single repair/maintenance was always expensive as fukk smh.

yea man. big ass v8 northstar engine. u right on the maintenance. when i first got it i did a tuneup and shyt was like $300 if i remember correctly.

then one fateful day she just died on me. the prognosis was bad, but i tried anyway. spent like 800 trying to fix her, but i had an inept mechanic because i tried to save money. he wasnt able to save her tho. had to sell her for $1000.

dude i sold her to actually lived around my way. he spent like $5000 fixing her up and changing the engine and adding music. still hurts when i see her :to:
 

Hijo de luna

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yea man. big ass v8 northstar engine. u right on the maintenance. when i first got it i did a tuneup and shyt was like $300 if i remember correctly.

then one fateful day she just died on me. the prognosis was bad, but i tried anyway. spent like 800 trying to fix her, but i had an inept mechanic because i tried to save money. he wasnt able to save her tho. had to sell her for $1000.

dude i sold her to actually lived around my way. he spent like $5000 fixing her up and changing the engine and adding music. still hurts when i see her :to:
Did that have a Northstar????? The Caddi I had had the Northstar engine and that mothafukka was horrible on gas and a simple oil change costed a arm and a leg due to the amount of liters it held. I fukkin hated that car, every single repair/maintenance was always expensive as fukk smh.

I can't even get $500 for my 98' deville. That northstar is a beast when it's running but when that shyt go down aint no fixing it.

http://littlerock.craigslist.org/cto/4813837147.html
 

DetroitEWarren

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Detroit You bytch Ass nikka
yea man. big ass v8 northstar engine. u right on the maintenance. when i first got it i did a tuneup and shyt was like $300 if i remember correctly.

then one fateful day she just died on me. the prognosis was bad, but i tried anyway. spent like 800 trying to fix her, but i had an inept mechanic because i tried to save money. he wasnt able to save her tho. had to sell her for $1000.

dude i sold her to actually lived around my way. he spent like $5000 fixing her up and changing the engine and adding music. still hurts when i see her :to:
Yeah bruh, I had to do the same. I sold it to a young nikka a few months before the engine went bad. He was a pill selling nikka who had bread so I let him know it would go out sooner or later. Seen the nikka in the barber shop a few months later and he told me he put 7,000 into the whip all together :blessed:, he had my shyt looking and sounding beautiful. Im just glad it was not my problem lol
 

beanz

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I can't even get $500 for my 98' deville. That northstar is a beast when it's running but when that shyt go down aint no fixing it.

http://littlerock.craigslist.org/cto/4813837147.html

damn that sucks breh. it was the best car ive ever owned man it was literally like driving a cloud. i would get stopped everyday on the street and get offers for it. one guy offered me $3,500 a week before it got fukked up. if i had known it would fukk up i woulda sold it in a sec. i had it on 20s with the limo tints, fully loaded, green/gold champagne paintjob, all leather everything. my next plan was to put the music in.

yo i dead felt like crying when i got rid of it :mjcry:
 
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