[drangundsturm]

Election is over so market manipulators have no reason to keep the price of oil high to try to make Bush look bad.

[ambrose]

Georgie Soros must be unwinding his position.

[GeronL]

hhhmmmmm.... Iraq and Nigeria aren't looking much better production-wise but the price drops fast after the election.... hhhhmmmmm....

[kingattax]

by january oil futures will be under 40 and the dow will be

over 12000.

[RWR8189]

Still going down:

11/05/04 Session Contract Detail for December 2004

	Last				48.70
	Open High				48.81
	Open Low				48.81
	High				48.81
	Low				48.43
	Settle				48.82
	Change				-0.12
	Open Interest				199291
	Volume				0
	Last Updated				11/05/04 03:52:23

Time Period: 

 

[alloysteel]

Meanwhile, we should be proceeding apace with the construction of new nuclear-powered electric generation plants, using technology that takes advantage of nuclear "waste" as a power (read heat) source. "Spent" uranium rods are still potent energy sources, with the right application of physics and engineering.

For all the ballyhoo about the mysterious nature of radioactive energy, nuclear power plants still rely on the intermediary of steam generated by heat given off by radioactive decay to drive turbines which are hooked up to power generators, exactly like coal-fired or natural gas-fired power plants. The "spent" uranium rods can be reprocessed to produce highly refined radioactive nuclear decay isotopes that will produce as much or more energy than the original uranium. There is just superstitious fear of this intermediary isotope, plutonium, which might be used to make thermonuclear weaponry.

Not if it is allowed to decay into a more stable isotope first. Then it is no more dangerous than sand. Of course, it may take several thousand years to convert the great bulk of plutonium to a more stable isotope. Apparently this is where all the superstitius fear comes in, that sometime in the next few thousand years, a terrorist will get his hands on sufficient supply of plutonium to make a pretty credible explosive device, and one that continues to spew plutonium into the environment for millennia afterwards.

You either learn to ride the whirlwind, or you are sucked into it. Human beings are smart enough to mount and ride. It is only timidity that lets you be sucked in.

[dokmad]

I sure hope this price drop starts showing up at the pumps and the fuel oil dealers! Home heating oil prices are killing me!

[aardvark1]

Here in the Northeast where we use heating oil for our furnaces, $2+ per gallon may be a survival issue for many people. A drop of any kind is good, another $15 would be truly good news.

[been_lurking]

I suspect that George Soros has lost more than the reported $17 million that he put into his infamous get out the vote efforts.

It seems he may have lost a bundle on those oil futures as well. HeHeHe.

[EGPWS]

Traders speculated over what President Bush's re-election would mean for energy policy,

Case closed!

[toomanygrasshoppers]

I paid $1.78 a gal. in Gilmer, Texas yesterday. In NE Texas it usually runs about $1.87 a gal. I think we will see prices get back in the $1.70's range by the end of the year.....Hopefully.

[JasonC]

Kaboom. It'll be below $45 by the end of the year, $30 by the end of next summer (with victory clearly on the way in Iraq).

[bandleader]

This whole thing was ALL about who would win The Presidency!These oil prices have been ARTIFICIALLY inflated by a few traders!!First it was the trouble in Venezuela,then it was hurricane season,then it was the Russian oil co!!!!!You know what,it's all a great load of HORSESH*T to shake us down!!!!!!!!!!!!!!!