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Oil Prices Tumble Below $70 - off 3%
AP on Yahoo ^ | 5/15/06 | Brad Foss - ap

Posted on 05/15/2006 12:43:04 PM PDT by NormsRevenge

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1 posted on 05/15/2006 12:43:05 PM PDT by NormsRevenge
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To: NormsRevenge

3% is not a tumble.


2 posted on 05/15/2006 12:44:11 PM PDT by bnelson44 (Proud parent of a tanker! (Charlie Mike, son))
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To: NormsRevenge

Call me when they tumble below $50.


3 posted on 05/15/2006 12:44:16 PM PDT by new yorker 77 (FAKE POLLS DO NOT TRANSLATE INTO REAL VOTERS!)
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To: NormsRevenge

Tumble is a bit of a stretch, imo, but.. What goes up, must go down.


4 posted on 05/15/2006 12:44:24 PM PDT by NormsRevenge (Semper Fi)
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To: new yorker 77

Got it, ping ya when it drops below 50. ;-)


5 posted on 05/15/2006 12:45:03 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge
"This is demand destruction not on a consumer level. It's demand destruction on a trading level,"

Finally... here's a supply and demand explanation that can I believe.

6 posted on 05/15/2006 12:45:35 PM PDT by delacoert
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To: NormsRevenge

Bolivian President Evo Morales (R) gives a press conference during a EU-Latin America summit in Vienna. Bolivia would like to become a member of the powerful OPEC oil cartel, Bolivian President Evo Morales said on Friday as he continued a charm offensive at an EU-Latin American summit.(AFP/Joe KLAMAR)


7 posted on 05/15/2006 12:46:17 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge
"Some analysts said the selloff was triggered by profit-taking." <----- DUH!

No worries though, the 'analysts' will find an excuse to make the price jump again... Maybe if Chavez or Mahmoood sneezes it'll jump back above 70.00 so they can have another 'sell off'
8 posted on 05/15/2006 12:46:31 PM PDT by fhlh (Polls are for Strippers.)
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To: NormsRevenge
What goes up, must go down.

Und vice versa.

9 posted on 05/15/2006 12:46:54 PM PDT by brewcrew
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To: NormsRevenge

Uh oh, time for the despots to threaten us into higher stock prices by waving radium rods at us.


10 posted on 05/15/2006 12:47:06 PM PDT by rhombus
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To: NormsRevenge

Stumble.........not tumble..........maybe even bumble........


11 posted on 05/15/2006 12:47:41 PM PDT by Red Badger (In warfare there are no constant conditions. --- The Art of War by SunTzu)
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To: fhlh

....remember, the first part of "analyst" is anal........


12 posted on 05/15/2006 12:48:43 PM PDT by Red Badger (In warfare there are no constant conditions. --- The Art of War by SunTzu)
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To: NormsRevenge

Morales has the cutest haircut I think I've ever seen on a world leader.


13 posted on 05/15/2006 12:49:24 PM PDT by oblomov (Join the FR Folding@Home Team (#36120) keyword: folding@home)
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To: brewcrew

Except when its oil, its: What goes up, must go higher........


14 posted on 05/15/2006 12:49:25 PM PDT by Red Badger (In warfare there are no constant conditions. --- The Art of War by SunTzu)
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To: NormsRevenge

forget about immigration and Iraq. If this trend continues, Bush's numbers will be up.


15 posted on 05/15/2006 12:49:38 PM PDT by kms61
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To: NormsRevenge

Looters with gold braid.........and guns........


16 posted on 05/15/2006 12:50:07 PM PDT by Red Badger (In warfare there are no constant conditions. --- The Art of War by SunTzu)
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To: new yorker 77

You can then let me know when the price corrects to $36 / barrel. Big oil can still make very nice profits at that level.


17 posted on 05/15/2006 12:52:50 PM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: NormsRevenge

So prices should only go up about 10 cents at the pump this weekend?


18 posted on 05/15/2006 12:54:58 PM PDT by PBRSTREETGANG
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To: oblomov
NOT!


19 posted on 05/15/2006 12:55:45 PM PDT by txhurl (Mas boicot, por favor!)
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To: oblomov
Morales has the cutest haircut I think I've ever seen on a world leader.

Retro Paul McCartney.

20 posted on 05/15/2006 12:59:15 PM PDT by brewcrew
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