USMeagleboy
Sophomore Author
Jackson
Posts:107
Points:44,990
Joined:May 2004
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Message Posted:
12/5/2008 10:24:02 AM
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From damn near $150 to almost near $40/bbl in just five months...wow! Not that it's a bad thing.
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nyfinest23
Rookie Author
Albany
Posts:81
Points:16,390
Joined:Oct 2008
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Message Posted:
12/5/2008 9:23:19 AM
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Nice!! keep demand down and prices will not be able to go back up, as for the other side of it, its crazy there taking forever to even get lower at the pump... should be 1.50ish but barley under 2.00 where i live
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us412
Champion Author
Arkansas
Posts:6,831
Points:863,520
Joined:Apr 2006
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Message Posted:
12/5/2008 9:10:34 AM
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$40 crude!!!
Not good news for alternative energy crowd.
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RochBear
Champion Author
Minnesota
Posts:1,924
Points:538,860
Joined:May 2006
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Message Posted:
12/5/2008 9:09:38 AM
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There are several advantages of "cheap oil".
1) cheaper gas, which leaves us consumers with more Money to spend (which helps the economy)
2) OPEC countries are a LOT nicer to us, when oil prices are cheap. They now need us to buy their oil. They need food. But when Oil is over $100, then they have extra $, and can buy food, and support terrorists too.
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I10Express
All-Star Author
San Antonio
Posts:554
Points:60,845
Joined:Nov 2008
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Message Posted:
12/5/2008 9:07:30 AM
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And dropping again today.
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RideKT22
Rookie Author
Orlando
Posts:87
Points:14,665
Joined:Nov 2008
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Message Posted:
12/5/2008 9:06:00 AM
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Let it fall..it will surely rise again some day...its called balance
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AZDaisy
Veteran Author
Arizona
Posts:325
Points:95,640
Joined:Sep 2008
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Message Posted:
12/5/2008 9:04:13 AM
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okay
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MajorSteve
All-Star Author
Oklahoma City
Posts:727
Points:283,140
Joined:Sep 2006
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Message Posted:
12/5/2008 9:04:12 AM
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Diesel still needs to drop. It is $1 more per gallon that gasoline, and for no reason!
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dagas1
Veteran Author
Orange County
Posts:369
Points:114,270
Joined:Aug 2008
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Message Posted:
12/5/2008 9:02:55 AM
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I am still waiting for some surcharges based on the price of oil to be removed from my monthly bills.
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Arktander
All-Star Author
Illinois
Posts:772
Points:400,475
Joined:Aug 2005
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Message Posted:
12/5/2008 9:01:50 AM
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Key words: Weak economic news.
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parsec
All-Star Author
Toronto
Posts:586
Points:89,490
Joined:Oct 2008
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Message Posted:
12/5/2008 9:00:35 AM
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The prices will be under $40 a barrel next week. Trust me!
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cheapo_gasKY
Veteran Author
Louisville
Posts:410
Points:168,675
Joined:May 2008
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Message Posted:
12/5/2008 8:59:37 AM
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what do you expect, the economy is in a tank with no signs of improving
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tomok
Champion Author
Portland
Posts:10,750
Points:765,635
Joined:Aug 2006
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Message Posted:
12/5/2008 8:58:07 AM
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And, make oil hit a 6 year low!
OPEC will cut production Dec 17 but the fall of crude oil prices will continue.
What happens when the fall of crude oil prices stop and those prices then go up.
OPEC oil production will be low – will the price then shoot up fast?...
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rogerparry
Champion Author
Florida
Posts:1,577
Points:337,460
Joined:Jan 2008
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Message Posted:
12/5/2008 8:56:30 AM
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A silver lining to the current economic clouds.
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hank1326
All-Star Author
Los Angeles
Posts:759
Points:173,255
Joined:Jun 2008
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Message Posted:
12/5/2008 8:56:12 AM
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Keep on conserving, more than ever. Perhaps we will see prices near five-year low by the end of this year.
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94Vol
Rookie Author
Nashville
Posts:54
Points:17,405
Joined:Nov 2008
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Message Posted:
12/5/2008 8:55:37 AM
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The only bright spot in our economy right now!
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sabbyNC
Rookie Author
Raleigh
Posts:79
Points:51,145
Joined:Sep 2008
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Message Posted:
12/5/2008 8:55:32 AM
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I want it reflected on gas prices.
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wkwak
Veteran Author
Atlanta
Posts:370
Points:46,195
Joined:Sep 2008
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Message Posted:
12/5/2008 8:54:54 AM
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old news
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seville04
Veteran Author
Albuquerque
Posts:476
Points:588,700
Joined:Sep 2004
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Message Posted:
12/5/2008 8:54:36 AM
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bad economy, low gas prices...and vice versa.
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roadrunnerMO
All-Star Author
Kansas
Posts:546
Points:140,670
Joined:Jul 2008
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Message Posted:
12/5/2008 8:54:05 AM
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ok
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guyincognitoNY
Veteran Author
New York
Posts:386
Points:92,060
Joined:Sep 2008
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Message Posted:
12/5/2008 8:53:47 AM
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good let it go to 20 a barrel the high oil prices of the summer is what killed the economy. our economy is still run by the price of oil. OPEC over stepped it's boundaries manipulated the price of oil with there greed and now we go what we have today.
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Drill_It
All-Star Author
Michigan
Posts:977
Points:167,515
Joined:Jul 2008
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Message Posted:
12/5/2008 8:53:40 AM
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This is the best News out there, since the stock market tanked.
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Gas_Buzzer
Champion Author
South Carolina
Posts:6,684
Points:1,147,950
Joined:Sep 2005
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Message Posted:
12/5/2008 8:53:34 AM
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Bottom price of oil will be $36/barrel by 12/31/08.
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UTOrangeMan
Champion Author
Atlanta
Posts:2,344
Points:274,950
Joined:Mar 2008
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Message Posted:
12/5/2008 8:49:58 AM
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40 dollars per barrel and 15 to 20 per cent unemployment.
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no1doc
Champion Author
Milwaukee
Posts:1,357
Points:212,325
Joined:Oct 2007
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Message Posted:
12/5/2008 8:49:49 AM
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Where's the low for diesel prices?
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beanDE
Sophomore Author
Delaware
Posts:171
Points:69,410
Joined:Jun 2008
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Message Posted:
12/5/2008 8:49:27 AM
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You'd think if supply and demand had a great bearing on the prices, then with everyone turning their heaters on the price should at least level if not increase.
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REVLAW
Champion Author
San Antonio
Posts:2,338
Points:441,560
Joined:Jul 2007
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Message Posted:
12/5/2008 8:48:45 AM
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Guess it's too early for new news.
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napermike79
All-Star Author
Twin Cities
Posts:748
Points:434,690
Joined:May 2001
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Message Posted:
12/5/2008 8:48:23 AM
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low gas price = bad economy
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Lonewolftx
Champion Author
Houston
Posts:5,961
Points:1,171,535
Joined:Sep 2005
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Message Posted:
12/5/2008 8:46:18 AM
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SO goes the supply and demand theory. . .
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AC-302
Champion Author
Los Angeles
Posts:8,901
Points:1,362,780
Joined:Aug 2004
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Message Posted:
12/5/2008 8:45:57 AM
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In one sense, I'm glad to see it. Cheaper oil prices will help keep money in American's pockets and help speed the economic recovery.
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eagle1878
Veteran Author
Wisconsin
Posts:316
Points:105,175
Joined:Aug 2008
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Message Posted:
12/5/2008 8:44:06 AM
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ya
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AnObserver
Champion Author
New Jersey
Posts:1,819
Points:901,915
Joined:Sep 2005
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Message Posted:
12/5/2008 8:43:55 AM
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emphasis on "on weak economic news"
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eagle1878
Veteran Author
Wisconsin
Posts:316
Points:105,175
Joined:Aug 2008
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Message Posted:
12/5/2008 8:43:50 AM
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o
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mattf373
All-Star Author
Atlanta
Posts:687
Points:133,340
Joined:Mar 2003
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Message Posted:
12/5/2008 8:43:29 AM
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it's almost to low
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spheremaker1
All-Star Author
Arizona
Posts:516
Points:398,465
Joined:May 2006
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Message Posted:
12/5/2008 8:43:03 AM
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$40.00 is a good price.. seems fair enuf to promote exploration. but.. get government out of it.
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mrsports007
All-Star Author
Raleigh
Posts:926
Points:102,080
Joined:Jun 2008
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Message Posted:
12/5/2008 8:42:40 AM
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keep conserving to keep prices low.
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danthemanvan
Champion Author
Montgomery
Posts:3,345
Points:696,855
Joined:Nov 2006
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Message Posted:
12/5/2008 8:42:28 AM
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let's keep conserving!
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movinon
Champion Author
Kansas City
Posts:13,683
Points:1,190,575
Joined:Mar 2005
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Message Posted:
12/5/2008 8:42:01 AM
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Keep conserving. Don't go back to old habits.
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Matts_Pap
Champion Author
Pennsylvania
Posts:1,523
Points:236,015
Joined:Feb 2008
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Message Posted:
12/5/2008 8:41:44 AM
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No job, no money, no gas.
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ss70
Champion Author
Detroit
Posts:3,270
Points:775,085
Joined:Sep 2005
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Message Posted:
12/5/2008 8:41:03 AM
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to get going again we need these prices for at least 2 years
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Palico
Sophomore Author
South Carolina
Posts:161
Points:53,870
Joined:May 2008
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Message Posted:
12/5/2008 8:40:23 AM
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Reap what you sow.
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MG_Sputnik
All-Star Author
Philadelphia
Posts:761
Points:479,690
Joined:Apr 2006
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Message Posted:
12/5/2008 8:40:06 AM
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Down to $1.47 in southern NJ
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pwr2daprius
Veteran Author
El Paso
Posts:315
Points:67,215
Joined:Oct 2008
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Message Posted:
12/5/2008 8:39:21 AM
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under 43 right now
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Don1222
Champion Author
Michigan
Posts:2,387
Points:166,005
Joined:Jul 2008
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Message Posted:
12/5/2008 8:39:21 AM
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We need alternative fuels.
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GasholeMI
Champion Author
Lansing
Posts:1,976
Points:159,390
Joined:Jul 2008
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Message Posted:
12/5/2008 8:38:26 AM
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Oil is lower this morning too.
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Alexandra1973
Veteran Author
Ohio
Posts:421
Points:55,605
Joined:Jan 2008
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Message Posted:
12/5/2008 8:37:48 AM
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@techque
Last I checked Shrub is still in office...and prices are going down.
(Don't blame me...I voted for Baldwin. LOL)
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miatabill
Champion Author
St. Louis
Posts:2,070
Points:177,250
Joined:Mar 2003
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Message Posted:
12/5/2008 8:32:19 AM
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And our gas prices went up 20 cents this week.
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harbnger
Veteran Author
Louisiana
Posts:263
Points:108,820
Joined:Jun 2005
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Message Posted:
12/5/2008 8:30:53 AM
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Drop the bottom baby!!
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Biogen
Veteran Author
Ventura
Posts:454
Points:108,480
Joined:Jul 2008
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Message Posted:
12/5/2008 8:30:50 AM
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Awesome..
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ColoHyperMiler
Veteran Author
Denver
Posts:472
Points:114,470
Joined:Jun 2008
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Message Posted:
12/5/2008 8:30:49 AM
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Keep Dropping!
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