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Oil swoons below $95
alarabiya, Reuters ^ | Tuesday, 30 September 2014 | Staff

Posted on 09/30/2014 10:07:50 PM PDT by Rabin

World oil prices tumbled to their lowest in more than two years on Tuesday, with U.S. crude posting its biggest daily decline since 2012... the U.S. dollar rose.

(Excerpt) Read more at english.alarabiya.net ...


TOPICS: Business/Economy
KEYWORDS: oil; rbob
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World oil pushes U.S. dollar's surge to a four-year high.

R.

1 posted on 09/30/2014 10:07:50 PM PDT by Rabin
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To: Rabin
U.S. crude posting its biggest daily decline since 2012.

The corrupt hussein regime hates domestic energy and seeks to destroy the shareholders (like me) of ExxonMobil by depressing prices and profits. Of course, his co-religionists in the Arab world are rolling in the wealth. Sarah Palin was right:

Drill baby drill! Restore America's might!


2 posted on 09/30/2014 10:16:56 PM PDT by re_nortex (DP - that's what I like about Texas)
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To: re_nortex

LOL price fixing to defang any new oil currency?....Ill take it!:)


3 posted on 09/30/2014 10:20:01 PM PDT by therapsida (tThats a group now?)
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To: Rabin

Well just damn! Our well just came in! Now we will get less for the oil.


4 posted on 09/30/2014 10:20:33 PM PDT by Ruy Dias de Bivar
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To: Ruy Dias de Bivar

At $95, you’ll be alright.


5 posted on 09/30/2014 10:22:51 PM PDT by SaraJohnson
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To: Rabin

Obola will make sure the price of 87 octane stays at least $3 a gallon. Book it.


6 posted on 09/30/2014 10:27:13 PM PDT by Viking2002
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To: Viking2002
Obola will make sure the price of 87 octane stays at least $3 a gallon.

Under the leadership of Newt Gingrich in the 90s, we enjoyed gasoline prices of 78 cents a gallon here in Texas. Yet domestic energy companies were making good profits with real value for the shareholders. The hussein regime has conspired to keep gasoline prices at historically high levels while also killing profitability for domestic energy providers.

7 posted on 09/30/2014 10:36:46 PM PDT by re_nortex (DP - that's what I like about Texas)
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To: re_nortex

NG, LP, coal, shale oil, pick one. If there was even a way to efficiently recycle septic tank pumpings into a environmentally friendly, sustainable energy source, the psycho-Greenies and Eco-Fascists who didn’t have a controlling stake in it would find a way to suppress it until they had absolute dominion over the process, technology, and distribution.


8 posted on 09/30/2014 10:48:51 PM PDT by Viking2002
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To: Rabin

It’s just temporary. It will go back up after the election. We need low gas prices now so the economy will look better come election day.


9 posted on 09/30/2014 11:28:04 PM PDT by webheart (We are all pretty much living in a fiction.)
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To: Rabin

Gold’s about to “swoon” below 1200 too.

“Swoon” just doesn’t seem to be the right word for either commodity’s behavior. Both prices still seem high.

$30 oil? That would be “swooning”.


10 posted on 10/01/2014 2:12:28 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed is his demon)
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To: Nervous Tick

-——$30 oil? That would be “swooning”.-——

Be careful what you wish for....

Would you invest millions of your money at $30 a barrel....

I know I won’t....with zero return on your money....


11 posted on 10/01/2014 2:32:40 AM PDT by Popman (Jesus Christ Alone: My Cornerstone...)
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To: Popman

You sure drew a bunch of (erroneous) conclusions from my earlier post. Not sure what set you hopping off down THAT rabbit trail!

** I don’t “wish” for $30 oil, nor did I say I did.
** If oil dropped to $30, I wouldn’t “invest millions of my money” in it. Nor did I say, or even imply, that I would.


12 posted on 10/01/2014 2:47:43 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed is his demon)
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To: Rabin
World oil pushes U.S. dollar's surge

Which one is pushing which? ....... Just askin' ....

13 posted on 10/01/2014 3:20:27 AM PDT by bankwalker (If you ain't scared, then you ain't payin' attention!)
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To: therapsida

“LOL price fixing to defang any new oil currency?....Ill take it!:)”

Oil price fixing to make rats look good in November. By October 30 gas should be under 3 bucks.


14 posted on 10/01/2014 3:22:09 AM PDT by EQAndyBuzz (Manchuria Called. They want their Candidate Back!)
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To: Rabin

Liberals love to slam the oil companies but I’ve always asked “name any other business where the price for their product actually goes down after it goes up?” Most other goods at the consumer end, once the decision is made to raise prices, you’ll never see it drop again.


15 posted on 10/01/2014 3:53:08 AM PDT by OrangeHoof (Every time you say no to a liberal, you make the Baby Barack cry.)
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To: Rabin

its been below $95 for more than a week...


16 posted on 10/01/2014 4:01:57 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Rabin

The Saudi government is not pleased. More money will flow to the anti-oil groups.


17 posted on 10/01/2014 4:04:07 AM PDT by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: re_nortex

...we enjoyed gasoline prices of 78 cents a gallon here in Texas.


That would barely cover the taxes today.


18 posted on 10/01/2014 4:52:12 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Rabin

At about $75 to $80 per barrel the drilling will stop in the Bakken and North Dakota would shut down again.


19 posted on 10/01/2014 5:01:06 AM PDT by Newtoidaho
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To: cuban leaf
That would barely cover the taxes today.

Think about this. I lived in Idaho back in 1998. At that time, gas prices in some areas of the state were right at $1.00/gallon. Also at that time, fuel taxes on that same gallon of gas were 18.4 cents for the feds (up from 18.3 cents in 1997), and 25 cents for the state. That's a total of 43.4 cents/gallon in taxes. It was also 43.4% of the total price/gallon. Those tax rates haven't changed in 14 years for the fed or Idaho. So the companies were making nice profits on fuel that was going for 56.6 cents a gallon without tax.

20 posted on 10/01/2014 6:46:22 AM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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