too long of a loon rurg little buddy….9 of 10 cwders will never read it!

lol

hah!

Hey david, don’t you know? The pols have turned California into the poverty capital of the country. The US census bureau has crowned us the Queen of Poverty. All the parasites who make money off the poor are in hog heaven and will be for years to come. But what do you expect? The borders are wide open. Go down to San Ysidro and look across the border at dusk. There are 300 or more illegals milling around over by the Tijuana fence on any given night waiting for the sun to go down so they can walk across the border. All are dirt poor. Then the pols give them CADL’s and enact the “Trust Act” that basically says that once an illegal makes it across the border and is arrested for serious crimes over and above immigration or labor law violations, that local jailers are PROHIBITED from turning them over to the Feds for deportation!!! heh. So if you were a dirt poor Mexican eating rice and beans in Mexico and living in a cardboard shack in the hills, what would you do? You would follow the incentives, right? Walk north and leech off the Americans to get your free health care, free education, free nutritious food, etc… Poverty is the new money maker for the ruling class. If you are in the business of build housing projects in LA – you are sitting in the catbird’s seat!!! 😀

8 states have reported fracking fluid seeping into their underground water sources. Gas rises from the fluid and can easily contaminate our drinking water. And in 2011 a study in Northern England tied earthquakes directly to fracking operations. So, no. It’s not safe. No safer than what happened in the Gulf of Mexico. You thought drilling holes in the ocean to obtain oil was safe at one time too. Didn’t you? Big Oil greed knows no bounds. They’ll do anything for money. Even contaminate the water that comes out of your facet if the payoff is big enough.

You’re correct, Bill. It’s manipulated for political gain. How many times has gas shot above the $4.25 mark without any real logical explanation for the price hike? Numerous times. And with the elections right around the corner and the dems in BIG trouble at the polls – no surprise to me at all that it’s temporarily down. And your prediction is spot on. Mark my words. 2 weeks after November 4th I predict gas in California will be back to $3.70 and gradually increase from there. Fracking has nothing to do with it.

Hi Chris-
As to the cause of lower oil prices, I guess it depends on who you read.

http://www.zerohedge.com/news/2014-10-14/crude-crashing-brent-most-oversold-ever

Doubtless, you are correct in that domestic oil production has surged in the last two years due to the technological advances in fracking and directed horizontal drilling. However, the domestic fracking revolution is actually quite tenuous, as it was revealed two weeks ago that these companies have been grossly overestimating their proven and probable reserves, utilizing a loophole in the law to present one set of figures to the investing public and another much lower set in footnotes to the SEC. Additionally the draw down/pumping profile of these wells, particularly in the Marcellus, are horrific: a burst of new production followed by a rapid draw down. Many of these companies will wink out of existence if oil goes below 80.

My observation on the fortuitous timing of oil/gas price declines with important mid-term elections stands. The saudis definitely have an agenda in their neighborhood and they need our muscle to acheive these aims. Our elite, on the other hand, wants to win elections, so they meet in the middle.

So, watch oil after the election. My prediction is it springs back up to above 100…..

Hi, Bill.

1 Gas prices aren’t down this time because of the Saudis. They’re down because of surging domestic production.

2. Gas prices normally go up during the summer because of seasonal fuel restrictions and higher demand. Not this summer. Why? Surging domestic production.

Sigh. LIC, fracking occurs hundreds of feet under the water table. It has been around for many decades without the gloom-and-doom stuff coming true. Yes, it has been done in urban areas for decades — Huntington Beach and the South Bay in L.A.