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Is that that sound of a speculation bubble popping?
1 posted on 10/21/2005 9:48:27 AM PDT by Semper Paratus
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To: Semper Paratus

Good news!


2 posted on 10/21/2005 9:50:05 AM PDT by mlc9852
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To: Semper Paratus

Doomed...


3 posted on 10/21/2005 9:50:35 AM PDT by Dallas59 (“You love life, while we love death.” - Al-Qaeda / Democratic Party)
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To: Semper Paratus

It's Bush's fault!


4 posted on 10/21/2005 9:54:21 AM PDT by Anti-MSM (Conservatives wish 9/11 never happened-liberals pretend it didn't! [www.cafepress.com/therightsite])
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To: Semper Paratus

It's Bush's fault!


5 posted on 10/21/2005 9:54:43 AM PDT by Anti-MSM (Conservatives wish 9/11 never happened-liberals pretend it didn't! [www.cafepress.com/therightsite])
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To: Semper Paratus

Crude-oil futures traded below $60 a barrel Friday, as supply concerns eased on signs of adequate fuel stocks in the United States, the world's largest consumer.




WOO-HOO! $2.50 per gallon here we come!


(yes it's sarcasm)


6 posted on 10/21/2005 9:56:11 AM PDT by trubluolyguy (Now qualified to be Secretary of Defense.)
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To: Semper Paratus

Funny how gas prices are so slow to go down but quick to jump when it goes up. I know I know Econ 101. How bout Gouge 101.


8 posted on 10/21/2005 9:57:02 AM PDT by JackDanielsOldNo7 (If it wasn't for marriage, I would not have this screenname.)
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To: Semper Paratus; All

In my neck of the wood gas prices has come down a lot. Right now it is at 2.49 per gallon.. I have a feeling it may go down to either 2.00 or 1.90...


9 posted on 10/21/2005 9:57:13 AM PDT by KevinDavis (the space/future belongs to the eagles --> http://www.cafepress.com/kevinspace1)
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To: Semper Paratus

Let's see how long it will be before the gas stations start LOWERING their prices to reflect the new spot oil price. I can guarantee you that it will take at least 5 times as long.


10 posted on 10/21/2005 9:57:17 AM PDT by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat.)
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To: Semper Paratus

Yes, the peak oil myth and the flood of reserves are popping the bubble.


11 posted on 10/21/2005 9:57:45 AM PDT by BurbankKarl (I am the NRA)
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To: Semper Paratus

Is that that sound of a speculation bubble popping?




If it started raining oile futures speculators in NY would that be such a bad thing?


12 posted on 10/21/2005 9:58:06 AM PDT by trubluolyguy (It was a joke! When you give me that look, I was joking!)
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To: Semper Paratus

Forbes was right after all.


14 posted on 10/21/2005 9:59:58 AM PDT by MattinNJ (Allen/Pawlenty in 08-play the map.)
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To: Semper Paratus

I hope so.

Saw gas for $2.21 today.


16 posted on 10/21/2005 10:03:37 AM PDT by RockinRight (I am beginning to think conservatism is buried somewhere under New Orleans' mud...)
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To: Semper Paratus

Speculation??? Good heavens no,,that was just supply and demand doing their job.


22 posted on 10/21/2005 10:09:30 AM PDT by cynicom
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To: Semper Paratus
Humbly, I don’t think so. Firstly, I don’t believe any of it was speculation. Secondly, I think we do continue down from here as in the medium term the oil price was a little frothy. Maybe down to $55.00 or so. But then up into the high 80s as a final price. The demand side from India and Chine will only continue to grow. We can’t guarantee the safety of oil workers in the Middle East, and Saudis don’t know how to work their industry.
25 posted on 10/21/2005 10:12:07 AM PDT by Sam Gamgee
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To: Semper Paratus

Thank goodness. Regular unleaded have dropped over 40 cents where I am the past two weeks. Around $2.40 per gallon. Maybe under $2.00 pg in a few weeks? I think that's about as likely as my getting a full scale fully operational X-Wing Fighter for my birthday, but hope springs eternal. :)


28 posted on 10/21/2005 10:15:17 AM PDT by Allen H (Remember 9-11,God bless our military,Bush,& the USA! An informed person, is a conservative person.)
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To: Semper Paratus

If refining capacity is constrained, wouldn't it be natural for the supply of crude to grow, driving the price down?


31 posted on 10/21/2005 10:17:01 AM PDT by Dilbert56
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To: Semper Paratus

I view $60 pbl a significant support level. When broken, look out below. Demand is dropping and I see no reason we should not see $40 oil.


32 posted on 10/21/2005 10:17:52 AM PDT by devane617
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To: Semper Paratus
Crude-oil futures traded below $60 a barrel Friday, as supply concerns eased on signs of adequate fuel stocks in the United States, the world's largest consumer.

Our friends the Saudis heard the speaches by Dr. Rice and President Bush yesterday. They like it that we play favorites with Pali-terrorists.
34 posted on 10/21/2005 10:20:52 AM PDT by safisoft (Give me Torah!)
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To: Semper Paratus

Liberals are deeply saddened.


40 posted on 10/21/2005 10:25:51 AM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: Semper Paratus

I see on kansasgasprices.com that gas is selling for 2.10 in Topeka. Wow.


52 posted on 10/21/2005 10:45:21 AM PDT by rwfromkansas (http://www.xanga.com/home.aspx?user=rwfromkansas)
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