Problem is oil goes up and people suffer. 2-4 bucks a gallon. WTF !!!! No reason fuel should be over 1.50
When will oil prices go back up
Discussion in 'Oilfield Trucking Forum' started by Luke628, Feb 7, 2016.
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rabbiporkchop Thanks this.
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A little bit of researching will show to anyone that the price of beef, chicken, pork, dairy, fish, grains and produce have all gone up drastically in price since oil went up. Lots of contributing factors, but the have one thing in common, oil. cost of shipping for one, cost of producing for another. Farmers burn a lot of fuel planting crops. Also the cost to feed animals that are destined for my dinner table went up a lot...mainly due to the increased cost of producing grain. Compounded by the fact that more and more fields stop being planted with food crops, and got planted with biofuel crops...due to the increase in oil prices driving up the demand in biofuel crops.
When oil goes up in price, the cost of everything we buy goes up. For those of us not working in the oil industry(the vast majority of the human race), we have the end result of less buying power with our dollars. It's called inflation. -
Last edited: Mar 29, 2016
Reason for edit: Talking out of my ass -
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Been eye balling oil ETFs and thinking its time to jump on board. The bulls have been beating down the bears the last few weeks, Wouldn't be surprised to see 50s by summer on crude
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