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Light Crude Oil

Discussion in 'Money & Finance Forum' started by Wp28, Oct 10, 2008.

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  1. Dec 5, 2008 at 4:23 PM #71
    Wp28

    Wp28 I had that dream again...

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    $40.81

    $1.43 at the pump
     
  2. Dec 5, 2008 at 4:56 PM #72
    meatpile

    meatpile 7-9

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    I still say it.

    Merrill Lynch joined me yesterday.
     
  3. Dec 17, 2008 at 3:58 PM #73
    meatpile

    meatpile 7-9

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    40.43 after OPEC announced largest cut in history, and economists predict first decline in global energy use since 1983.
     
  4. Dec 17, 2008 at 4:02 PM #74
    VA49er

    VA49er Full Access Member

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    Serves OPEC right.
     
  5. Dec 17, 2008 at 5:51 PM #75
    reb

    reb 1riot1reb

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    Since the price of oil is so low it must mean that no one in the world is using any so why only a couple million barrels a day. Doesn't sound like much to me. America will use 2 million barrels before morning break.
     
  6. Dec 17, 2008 at 7:17 PM #76
    tonync55

    tonync55 Full Access Member

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    The Saudis and Bush conspired to see how high they could raise the price of oil back in the summer and it's bite them in the ass. But they did manage to bust our economy.
     
  7. Dec 17, 2008 at 7:55 PM #77
    reb

    reb 1riot1reb

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    As much as I hate to say it, it wasn't them. It was hedge funds manipulating the market led by Goldman Sachs and the Yahoo Group. It will be a Very long time before the world see's $147 a barrel again. A v e r y long time. Not in my lifetime and beyond. The regulatory fallout from all of this will crush any run away speculation.
     
  8. Dec 17, 2008 at 9:40 PM #78
    reb

    reb 1riot1reb

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    On second thought Bush Was involved because he appointed Chris Cox as head of the SEC and allowed him to let the hedge funds run wild. Daddy Bush made a fortune along with his oil buddies.
     
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