[thackney]

Bad Title in my opinion, Oil has not dropped below $40 at this time.

http://online.wsj.com/mdc/public/page/2_3028.html?category=Energy&subcategory=Petroleum

[Cowboy Bob]

We still haven’t gone through the purge yet. Things won’t rebound until after the purge.

[Tax-chick]

If it gets to $25, I win a large bet with my uncle, if he makes it that long.

[Red Badger]

When they say a certain type of oil is a ‘benchmark’ does that mean other, less quality types, may be lower, or that the benchmark is the lowest of them all?...................

[kabar]

I remember how Bachmann was ridiculed about returning to $30 a bbl oil.

[Buckeye McFrog]

the “Throw Israel Under The Bus” dividend.

[US_MilitaryRules]

And a gallon of gas here in So Cal is still 3.50+.

[Enlightened1]

So a barrel of oil is the same price as it was in the 1990s.

However, we do not have 1990s gas rates of $1 a gallon.

[Old Sarge]

And the hits keep comin’...

[Catmom]

Then why am I still paying $2.79 a gallon in Washington state?

[Obadiah]

Wow, a lot of foreign economies that are based upon oil revenues are in for a serious world of hurt.

[nickcarraway]

I guess this means gas prices will rise more.

[taxcontrol]

Tail end of a head and shoulders formation that is inside a longer head and shoulders. I suspect that the next true base for oil is down around $20