Oil Retreats on Signs Economy Hurting WE'RE DOOMED!!

Yahoo ^ | Oct 18, 2004 | Reuters

[expat_panama]

NEW YORK (Reuters) - Oil prices retreated sharply after setting record highs above $55 a barrel on Monday as dealers took profits on signs that energy costs are hurting economic growth. U.S. light crude slid a $1.26 to settle at $53.67 a barrel, after hitting a new $55.33 peak, on the New York Mercantile Exchange. Brent crude in London fell $1.02 to end at $48.91 a barrel on the International Petroleum Exchange.

[expat_panama]

Any and all economic news is bad news as long as a republican is in office.   There's another Reuters release  (U.S. Stocks End Higher as Oil Price Falls) that might as well have added "inflation has driven the price of stocks out of reach of the poor -- women and minorities hit hardest".

[cwiz24]

The sky is falling, the sky is falling!

[Brilliant]

I seem to remember that Kerry promised he'd reduce oil prices. Maybe this is what he had in mind. Cause a recession, and oil goes down.

[plain talk]

Next, Kerry/Edwards will start blasting the oil companies for excessive profits and tarring Bush/Cheney with it. They'll say we need a windfall profits bill. LOL!

[saigon]

YAH!!!
Lower oil prices mean lower heating bills this winter!!! YAH!!!!

I am an optimist!!! : )

[wjcsux]

Notice how the RATS have never suggested LOWERING TAXES on oil to bring the price down?

[Perdogg]

Economy to Oil Prices: "Stop it, you are huRrrrting me!! I am telling mom! "

[Bloody Sam Roberts]

Got Doom?

[expat_panama]

Kerry promised he'd reduce oil prices

Maybe that was before Bush f#%*ed it up so badly; but I think the real problem is that Bush's evil oil cronies are out-sourcing and buying up all that cheap foreign oil.

[Servant of the 9]

More likely it retreated on signs that the production platforms in the Gulf of Mexico are repairing their hurricaine damage and beginning to come back on line.

So9

[azhenfud]

WE'RE GOING ALL THE WAY TO WASHINGTON!! YEEEHHHHAAAAGGHHH!!
( looking around aimlessly )

[FatLoser]

Which Star Trek captain?

I want the dude that ended up scarred and paralyzed in the wheelchair (one of the first episodes, that had lots of flashbacks)

[Rastus]

Between those two, Kirk in war or peace. I wouldn't elect a socialist like Picard to anything. But, Sisko before either.

[expat_panama]

production platforms in the Gulf of Mexico are repairing their hurricaine damage and beginning to come back on line.

Please don't let it get around that oil prices are dictated by market pressures.  I'm still in the process of selling $70/barrel oil futures to my pals at the DNC.

[discipler]

OK, help me understand something. Do we prefer buying our oil from the Arabs or from Texans and Okies? When the cost per barrel dropped significantly back in the 80's (right), we saw many oil companies bring their drilling rigs back to the company storage yards because the price was too low to make any money. Now that the price is high, oil companies are drilling. That's good! Right! I say pay $50 a barrel and keep the roughnecks and roustabouts and geologists, etal working. Oh yeh, and get those cars running off clean burning corn fuel. Minnesota has 100 stations already selling the 85% ethanol and the 10% ethanol is sold at all stations. That's a huge amount of fuel being produced by the ethanol refineries. It is creating jobs and keeping the jobs at home. Go ethanol! Go home drilled oil!

[ChadGore]

Light sweet crude. Mmmmmmm (c)Homer

[expat_panama]

(one of the first episodes, that had lots of flashbacks)

That was the star trek '64 pilot and it had Gene Rodenbury's wife as the science officer.

[FatLoser]

That was the star trek '64 pilot and it had Gene Rod

I just can't remember the captain's name. Its either him or we exhume Patton and clone him.

[CAPTAIN PHOTON]

screw them all...I'd give the job to Mr. data.

[Ostlandr]

Neither Kirk nor Picard.

1. Will Riker
2. Kathryn Janeway
3. Worf Roschenko
4. Hikaru Sulu
5. Benjamin Sisko