[cableguymn]

Just paid 3.53 a gallon. a few weeks, maybe a month or so ago it was 2.99...

It can tank any day now.

[Usagi_yo]

Well, Obama might release some crude to drive the prices down and erode Russia’s profits a bit. Shame he didn’t allow the pipeline to go through. See that Obama? STupid decisions lead to stupid unintended consequences.

It’s mostly a Government game dude, they’re doing it with everything.

- Cattle lowest since 1950 because of inclement weather?
- Corn going up, inclement weather?
- Fresh Fruits and Vegatables going up, inclement weather?
- Pork, Chicken .... blah blah, inclement weather?
- Wheat and Soy

Think about it. Everything Obama has done has resulted in making it more expensive to live. They don’t want income redistribution, they just want everybody poor.

Get the picture? Somebody is reinforcing global warming on us.

[Army Air Corps]

Ping.

[lee martell]

What? Oh, sorry, my mind got stuck on that phrase “Incremental Gyrations” . Might be a good title for a novel.

[SkyPilot]

I guess Prince Hakeem will only be able to buy three Hennessey Venom GTs and two Rolls Royal Celestials next month instead of five.

[Cruz_West_Paul2016]

if gas ever tanks to 2.00 a gallon,then the economy will improve and millions more people will find work,then millions more people will vote GOP !!! what will Obama do?

[fanfan]

Ping

[Colonel_Flagg]

I’ll believe it when I pay for it at the pump.

[Cicero]

Just got the heating bill for January. Astronomical.

[Mariner]

I think he's full of it.

$25 crude would require a deflationary collapse and a reduction in demand of at least 40% worldwide. It would also require international calm.

I don't see all those lining up.

WORST CASE, $70 no matter how much we pump.

And, the producers are not dumb enough to produce TOO much. It's money in the ground for them. They can pump slower to milk every last dollar out of each barrel.

[mrsmith]

Ctude oil futures: http://finance.yahoo.com/q/fc?s=CLJ14.NYM

It’s a downward trend, but nothing dramatic.

[okie01]

Odd article. Not a single reason as to why oil might tank.

Odd responses. As yet, not a single reason why it won't.

[TigersEye]

“Oil rises on colder weather,” screams a headline one day, only to be followed the next by “Crude edges down on inventory report.”

Pee coil! Pee coil! they cried.

[mlo]

"You’d almost think energy analysts have a roulette wheel of explanations they spin each time prices move a notch"

It's called the "Narrative Falacy":

The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship upon them. Explanations bind facts together. They make them all the more easily remembered; they help them make more sense. Where this propensity can go wrong is when it increases our impression of understanding. —Nassim Nicholas Taleb, The Black Swan

CNBC is an entire cable channel pretty much dedicated to the Narrative Falacy.

[Figment]

A price drop of that magnitude could put domestic production back a decade or more. Fracturing isn’t cheap

[goodnesswins]

Nah...they will wait until a month before the next major election

[Squawk 8888]

To all- please ping me to Canadian topics.

Canada Ping!

[familyop]

But if it tanks, new production will stop—especially the more expensive kinds of production.

[VRWC For Truth]

When QE infinity stops, the price will come down.

[clearcarbon]

"Why the price of oil may be about to tank"

The prise of fuel will fall shortly before the
November elections and hussein will credit his
misadministration policy for it.