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Oil price dives (Continuing )
Reuters UK ^ | Fri 3 December, 2004 15:42 | Reuters Staff

Posted on 12/03/2004 8:59:04 AM PST by Ernest_at_the_Beach

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1 posted on 12/03/2004 8:59:04 AM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

So bad news results in good news? I'm confused? Less jobs than expected helps drive down oil prices?


2 posted on 12/03/2004 9:01:07 AM PST by Jay777
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To: Ernest_at_the_Beach

GREAT!

I wonder if we will see prices drop at the pump??


3 posted on 12/03/2004 9:01:17 AM PST by blakep
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To: Ernest_at_the_Beach

I'd like to see 20 dollars a barrel!


4 posted on 12/03/2004 9:02:34 AM PST by need_a_screen_name
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To: Ernest_at_the_Beach
The renewed sell-off on Friday followed U.S. Labor Department data showing only 112,000 new U.S. jobs were created in November -- the weakest performance since July and well below Wall Street economists' forecasts.

Just because two things happen at the same time doesn't mean one caused the other.

Rooters is always ready to jump at any perception of an administration conspiracy theory. Why do they consider the drop in oil prices to simply be a market adjustment?

5 posted on 12/03/2004 9:02:41 AM PST by johniegrad
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To: Jay777

That's what I'm sayin..

Oil prices are dropping, not because of bad economic news, but because more oil is flooding in..

Misleading piece, as usual.. This is unbelievable.


6 posted on 12/03/2004 9:02:54 AM PST by blakep
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To: blakep

The election is over.


7 posted on 12/03/2004 9:03:36 AM PST by johniegrad
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To: blakep

Yes. But it will take months.


8 posted on 12/03/2004 9:03:58 AM PST by RockinRight (Liberals are OK with racism and sexism, as long as it is aimed at a Republican.)
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To: Ernest_at_the_Beach

The Real issue to be investigated is how the price was artificially raised to $60.00 during the month immediately prior to the Election.

Who did what and when did they do it to drive the price to the artificially high level? Why is the price coming down to the real supportable levels of $42 or even the Mid $30's in the next few weeks?

I like low priced Oil just like everybody else, but I would like to have a good explanation for why they went up to $60 when they did, just in time to try to defeat George W. Bush, and why they were not sustained at that level? Why, exactly, are they coming down now?

RamS


9 posted on 12/03/2004 9:04:28 AM PST by RamingtonStall (Ride Hard and far! ..... and with GPS, Know where you are!)
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To: Ernest_at_the_Beach

So when are my gas prices going to drop?

Oh yeah...that's right...the libs won't let us open up new refineries so we can turn crude into gasoline...

President Bush, we need that energy policy passed PRONTO.


10 posted on 12/03/2004 9:04:47 AM PST by Calvarys_Soldier (Thanks to George W. Bush, it's morning in America again.)
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To: blakep

Well it just doesn't make sense to me. I don't see how less jobs would have any effect on the price of oil, much less the price of eggs in China. The stock market is not doing what people thought it would with the job numbers. Right now it is up, and seems pretty stable. So, people just make up reasons?


11 posted on 12/03/2004 9:06:03 AM PST by Jay777
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Comment #12 Removed by Moderator

To: RamingtonStall; Grampa Dave; SierraWasp; BOBTHENAILER; Dog Gone

Well we were blaming it on Soros and his tactics yesterday.


13 posted on 12/03/2004 9:08:37 AM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: Ernest_at_the_Beach

The idiots at Reuters see LOWER oil prices as a negative?!? After being breatlessly aghast at the rising prices for the last 4 months. What morons.


14 posted on 12/03/2004 9:08:45 AM PST by pissant
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To: bicyclerepair

I don't quite understand your hatred for SUVs. I think most people who drive them gas them up. I understand your explanation of the oil prices though.


15 posted on 12/03/2004 9:09:15 AM PST by Jay777
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To: RamingtonStall

Good question. I remember months ago some were speculating that Soros was behind the rise in oil. Funny how it is dropping rather quick this soon after it no longer needs to be high.


16 posted on 12/03/2004 9:09:17 AM PST by KJacob (I will not worry about 2008 until late 2007.)
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To: Ernest_at_the_Beach
Well we were blaming it on Soros and his tactics yesterday.

Exactly.

RamS
17 posted on 12/03/2004 9:10:04 AM PST by RamingtonStall (Ride Hard and far! ..... and with GPS, Know where you are!)
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To: bicyclerepair

"When I see a hummer (or any other idiotic large suv) on the road I cringe and have no respect for that person."


People don't need 250 watt stero systems, yachts, or Rolex watches either, but this is America! Let people enjoy the fruits of their labors. Ride your bicycle if you want. That's fine too.


18 posted on 12/03/2004 9:10:24 AM PST by need_a_screen_name
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To: need_a_screen_name

Help!!! Price of oil goes up? Bad. Price of oil goes down? Bad.

Price of seeing the left with egg on their faces? Priceless.


19 posted on 12/03/2004 9:12:28 AM PST by EQAndyBuzz (60 votes and the world changes.)
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To: EQAndyBuzz

ROFL!

Good one!


20 posted on 12/03/2004 9:16:26 AM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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