[Truth666]

This was just an extra one hour action, with an extra $300 million budget

[Redbob]

Crude dropped all the way to $56.05 a barrel, eh?

Whoop-de-effing-doo!

[steveegg]

One sure way to ease the production crunch; drill and build here!

[oceanview]

its going to take more then that to take out the speculative positions. the traders probably have stop loss orders ganged up from 50-52, take that price out, and the automatic sell orders will kick in and drive it back into the 40s.

what is happening to the oil price is not about supply and demand, its about the brokerage houses and hedge funds using oil as the new "tech stocks" - its money chasing money.

[TheForceOfOne]

The dip was just the speculators tasting the honey dripping over the side of the honey pot they have created.

They're laughing all the way to the bank as we cry and the stock market panics.

[Finalapproach29er]

George W. Carter.

[wallcrawlr]

Its about $2.01 here in MN.

But I/people waste more money going out to eat and dont seem to care about it...I choose not to worry constantly about gas prices.

[Finalapproach29er]

Why are we buying oil, for the reserve, @ $56/bbl?

Isn't that foolish?

[cork]

Most of the commodity analysts have been saying the market is overbought.

[AdamSelene235]

Plunge ????

I got you plunge right here pal.

[xcamel]

Yup.. (LOL) Big plunge indeed!

[US_MilitaryRules]

What a plung! lol

[traumer]

Wooo-hooooo folks ! It's over now !

Come'n down and check out our latest SUVs... Talk to
your dealer TODAY !

[Moonman62]

Why doesn't anyone mention GWB's weak dollar causing the boom in oil? If he he were a Democrat it would be common knowledge.

[RasterMaster]

Dumping the taxes on fuel would be one helluva savings, however, this state is WAY too greedy for that!

[newgeezer]

still well below the inflation-adjusted peak above $90 a barrel set in 1980.

Ping.

[carlr]

Lets see,all last week crude was going up and the stock market was going down because of it.Today crude moves lower but because the fed hints at a possibility of inflation,which by the way has not been an issue for 25 years and probably won`t be again due to cheap foreign goods,and what happens,the Dow drops 130 or so points in an hour.Do you get the idea that there is not much in trading markets that is tied to facts or reality?
Sorry to say it but there is not much that can be done about it.My theory is that some of the big money players forgot their wisdom and got burned by the tech bubble.They are making that money back in chunks.

Expect the Dow to get pushed down to the 10,000-10,200 range by early April.Then the buy up will start driving the Dow and Nasdaq back up a few hundred points until the summer driving season in June than back down through the summer.
All us little guys are just running around the table hoping to catch the scraps that fall off.

[Prince Charles]

[MeekOneGOP]

Drill ANWR!

[FixitGuy]

Just kills me how the press adds to preparing the sheep for fleecing!

"And these increases are considerable, especially this early before the "summer increases in price"!