WTI
Brent
I notice that it usually takes a couple of weeks for gasoline prices to lower after crude does.
Posted on 07/05/2015 6:55:28 PM PDT by 2ndDivisionVet
Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash.
In a referendum on Sunday, Greeks overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency and pulling down the euro EUR= in early trading on Monday.
In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash that would threaten the world's second-largest economy.
Both U.S. CLc1 and internationally traded Brent LCOc1 futures were down over 1 percent, trading at $55.08 and $59.72 per barrel respectively at 0035 GMT.
The falls meant that both crude futures were at their lowest level since mid-April....
(Excerpt) Read more at reuters.com ...
Sorry, little effect globally. Of course, the Greeks will eventually end up aligning with the Communists to survive but in the end, they are big losers. Vote for Socialism, get your rewards...
It is my understanding, thanks to liberals and the US Chamber of Commerce, that unfettered illegal immigration is the best thing that can happen to a country’s economy. The poorer and more uneducated the better.
Greece is swarming with boat loads of African illegal immigrants. Their economy should be roaring.
What gives?
Red Cross boxes will be heading for Greece, and it will go on for a while. Thanks 2ndDivisionVet.
From your lips to GOD’s ears
Like Socrates, the modern Greeks have chosen to take the hemlock. Unfortunately they aren’t nearly as wise or industrious.
Well now, there is Greece...
And then Puerto Rico 70+Billion...
And then China’s stock market has been in freefall for the past 2 months losing over 30% of its value
So...what do yo think now?
Buy while there’s ouzo running through the streets.
The Greek economy is one big Ponzi scheme.
Socrates was a paedophile that deserved a far worse end than he got.
Part of that's a gas station thing. Replacement cost, 10-20,000 gallons.
I was just in Italy and saw that. They were every where--from the smallest little towns to the larger cities. They stand around selling selfie sticks and watches (of all things).
My nephew in law who lives there, he is a big commie, he goes and plays soccer with them on the weekends in some refugee program. Another weekend he was cooking for his collective for a rally to show solidarity with the "women of Greece". (no, I am not kidding)
Greece proves Margaret Thatcher correct: Socialism only works until you run out of other people’s money.
And a majority here do what when they vote?
Well, many will vote to no longer watch NASCAR races! If you are talking politics, most already vote correctly. It is the TV viewers and sponsorship that loses in the long run.
Of course if they are like you, they care not...
Heh, wrong response to the wrong question...
Actually, it matters little at this stage. Way too many Greeks think that Socialism is the best way and they continue to vote that way. It will be to their demise unfortunately. They can only borrow and spend someone elses money until the bill comes due and it has. They will now face the results of their votes. It will be both scary and a lot of hardship but sometimes it takes that to get to the truth.
Yes, but you never know how things are interconnected these days. US isn’t directly exposed to Greece, if this ends up being worse than expected for german banks, and us and businesses are invested in german or other european banks, here could be a ripple effect.
Pretty good chance it will be a bad day tomorrow.. But I’m still optimistic it won’t have major effects on the US economy. Optimistic,not confident. :P
How much money does Greece need to survive.
Couldn’t we just lend them the Money using some of Obama’s Trillion Dollar Slush Fund, oops I mean Stimulus?
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