Oil Prices Hit Fresh 5-And-A-Half-Year Lows ($51.70 Bl)

BI - Reuters ^ | 1-5-2015 | Stefano Pozzebon and Reuters

[blam]

Stefano Pozzebon and Reuters
January 5, 2015

U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.

At 11.30am GMT (6.30am ET) Brent was trading at $55.35 a barrel, losing 2%.

Previously, it temporally slipped as low as $55.16, its the lowest values since May 2009.

Here is a chart of how it looked at 11.30am GMT (6.30am ET):

Brent 5.1.15 11.30am Investing.com

U.S. crude slid as low as $51.40 a barrel, also its lowest since May 2009, and at 11.35am GMT (6.35am ET) was just trading at $51.70 a barrel, still losing $1.

(snip)

[Democrat_media]

http://www.thecommonsenseshow.com/2013/10/14/three-statistics-which-spell-doom-for-america/

[Democrat_media]

To conduct this analysis, I am going to use some commonly agreed upon figures. The budget deficit is $17 trillion dollars, unfunded (partially or otherwise) mandated social programs constitutes another $220 trillion dollars and the credit swap derivatives total between $1 quadrillion dollars to $1.5 quadrillion dollars. In this analysis, I will use the very conservative $1 quadrillion dollar figure. These figures are not in dispute and therefore provide me with the basis to perform an analysis of what our collective economic futures hold.

http://www.thecommonsenseshow.com/2013/10/14/three-statistics-which-spell-doom-for-america/

[thackney]

I guess I don’t see the total gloom.

Make the claim all are connected then read the article that sees low energy prices a boon to some.

[Democrat_media]

stock market already tumbling 200 points today:

http://www.freerepublic.com/focus/f-news/3243618/posts

[thackney]

Oh my gosh, that has never happened before!!!

[knarf]

"My prediction : World wide economic collapse"

Bring it

If it's world wide ... NOTHING CHANGES !

Except EVERYONE will pay less for everything and it won't matter that they GET LESS pay

Personally, I see the world in very simple ways these days

[thackney]

Looks like a free fall

been falling for days

Although it was recently worse and recovered

And even worse 3 months ago, and recovered

Bounced several times this past half year, and kept recovering higher

I'm beginning to see a trend

Definitely a trend

Yep, an obvious trend that a 200 point drop is going to bring us crashing down

If a 200 point drop causes you panic, maybe the stock market isn't for you.

[Democrat_media]

You can tap your heels three times and wish it were all unicorns and rainbow but the undeniable truth is the big eared socialist Obama has borrowed us into an insurmountable abyss of quadrillions of dollars in debt: http://www.thecommonsenseshow.com/2013/10/14/three-statistics-which-spell-doom-for-america/

[thackney]

You sure like that blogger.

Have a great day.

[jpsb]

Debt is only a problem when to can’t pay it. Since gov prints whatever it needs debt will never be a problem. Now you and I will be screwed holding worthless paper but for the gov it’s “party on bro”.