[Magdalen] gas prices?

[Lynn Ronkainen]

From: "Lesley de Voil" <lesleymdv at gmail.com>
> I read today that Saudi Arabia is apparently flooding the market
> enough to make prices go down significantly, so that those militants
> who have taken over Iraq oilfields will not get as much money as they
> had hoped. I thought this was usually classed as cutting off one's
> nose to spite one's face.


well, the Saudis have not rushed to 'send troops', so perhaps they're doing 
what they can....

OTOH, oil prices dropping will have global impact, most of it not good.  Gas 
gets cheaper for us, but the lifeblood of forward progress in the oil 
industry is the value of trying new things.  Fracking, for instance, is 
expensive enough that many proposed projects may slow or stop is there is a 
downturn... just as LNG (liquid natural gas) work, hot and heavy for a 
decade, slowed down tremendously when other means of finding cheap natural 
gas  in the USA appeared.  It IS all about spending money to make money, and 
not the person on the street...

on another hand... the Saudis have such an interesting social structure and 
governance, I don't think spiting their faces  even comes into play... AND 
by doing this they have suddenly become BIG PLAYERS on the world scene again 
after several year's run of other countries and other oil producing projects 
taking the limelight.

.02ingly
Lynn

website: www.ichthysdesigns.com

When I stand before God at the end of my life I would hope that I have not a 
single bit of talent left and could say, "I used everything You gave me." 
attributed to Erma Bombeck

Thomas Merton writes, "People may spend their whole lives climbing the 
ladder of success only to find, once they reach the top, that the ladder is 
leaning against the wrong wall."

"What you seek is seeking you." - Rumi

--------------------------------------------------
> Regards
> Lesley de Voil
>
> On 10/22/14, Grace Cangialosi <gracecan at gmail.com> wrote:
>> Tonight with my Sheetz card, it was $2.76--I did a double take!
>>
>>> On Oct 21, 2014, at 11:22 PM, "Lynn Ronkainen" <ichthys89 at comcast.net>
>>> wrote:
>>>
>>> They're falling fast here in Houston.... on the news just now lowest in
>>> Town so far is 2.49...
>>> Lynn
>>>
>>>
>>> website: www.ichthysdesigns.com
>>>
>>> When I stand before God at the end of my life I would hope that I have 
>>> not
>>> a single bit of talent left and could say, "I used everything You gave
>>> me." attributed to Erma Bombeck
>>>
>>> Thomas Merton writes, "People may spend their whole lives climbing the
>>> ladder of success only to find, once they reach the top, that the ladder
>>> is leaning against the wrong wall."
>>>
>>> "What you seek is seeking you." - Rumi
>>