None of the 'big 3' is a going concern as of now. Pension and medical liabilities alone are enough to bankrupt them, let alone the obscene cash bleed of the last three years.

The $25 Billion bailout gave them breathing space, but it will take outright nationalization to save 'em. Given the number of companies Hank is buying, that is certainly not off the table. But from a fundamental outlook, Ford is done. There are other investments that will return more.

I liked your oil call, though!

In San Diego 3 months ago, when premium gas was running $4.54, Diesel was priced about 79 cents higher than premium, at $5.29


Today, even though oil has fallen 50%, San Diego gas prices are still hovering at about $3.10/gallon.

BUT diesel is only 2 cents a gallon more than REGULAR grade gas.

Remember all the excuses why diesel jumped up higher than regular gas...so why now is it priced so low?

Maybe the drop in diesel prices was commensurate with the drop in a bbl of oil, but the gas companies have decided to stick it to the average consumer and not drop the prices at the pump as much as they could have.


BOHICA!

Uh-oh, troop. You are about to get smacked by Admin. You are not allowed to say that:

Troop, if it makes you feel better, it's $2.21 here in Kansas. Highest we got was just shy of $4 a gallon.

Demand destruction in these parts is supposedly severe, although much of the driving in this area is optional/not needed.

Diesel is down so far because the demand for jet fuel is down, IMO. When home heating oil demand goes up (didn't the NE just get a foot of snow?), the price of diesel will too.

Where's MarkHB on this topic?

1.99 here in Brownsburg today, cheapest in the state! 2.50/gal is the state average, and the cheapest in Indy is 2.14....

Not bad if you ask me!

Current prices will save me nearly $500 on fuel this weekend. Timely events...

I never thought oil would fall like this, and it doesn't look like anything is going to bring it back any time soon. Bad call on my part.
This should be a huge wake-up call to the American public, but it isn't. Everyone is happy to see the low cost at the pumps, which is great and all, but the impending downturn this is signifying is being overlooked by most.
We're really in it deep, aren't we.....

Don't count on it being low forever. Only whilst demand is down and remember that we import 1 to 1.5 million barrels of gas per day. The public will forget how high it can go.

Mark
I get my gas for free so who cares about the price of gas. I don't.

I suspect the further the barrel price falls, the greater the rebound will be when (not "if") it comes. Short term, global and U.S. demand is down. The OPEC cuts did nothing to halt the slide. However, the long term fundamentals, as I understand them, support a huge and rapid upswing in price once the bottom occurs. Perhaps a double inverse oil ETF for the short term may provide some profits?

They may be having some sort of "recession" in Saudi Arabia at this rate... Poor guys.

And in Russia too.

Can you imagine, when Exxon announces a 50% drop in revenues, and profits only at 5-6 Billion for the quarter?

Yeah, the execs at Exxon will probably be asking for some of the bailout money...

...and they will probably get it.