Posted on 05/15/2006 12:43:04 PM PDT by NormsRevenge
$70 a barrel is still pretty damn close to the record.
Tumble would be down to $50.00 a barrel. Dont talk to me until its around the $40.00 mark.
That's the way I interpret the article.
Morales? I thought that was Jose Canseco.
Jimmy Carter's fault...
heh heh heh heh
Competitive pricing at some of the stations around here seems to be heating up pretty good. Maybe we'll get to see a hell of a price war break out soon.
$70 a barrel is still pretty damn close to the record.
I thought it was Moe Howard of the Three Stooges
No doubt the writer stayed up all night, burning the midnight oil, coming up with this relevancy.
Funny!
Cheap oil would take care of alot of buttheads in the world.
THe scariest part of that article was that we apparently SELL ARMS to Venezuela now -- otherwise banning the sale wouldn't mean anything.
Not necessarily, in an inflation. Inflations, when they get steep, produce numerous rapid price rises as people try to outguess the rates. That creates sharp price spikes. The more extreme spikes are followed by sharp drops, usually steeper than the rise. More and more a moving average should be used to see the actual progress of the inflation rise. Most of the excess money created by the FED in the last 6 years (Bush'e "devaluation") has been sucked up by foreign banks trying to keep their dollar reserves from declining in value and have not translated into price increases except in energy and housing. Those stashed dollars are coming back into the market in what the Wall Street gurus are calling a dollar selloff. They will now be competing for goods and services. I have noticed that, at least in my local area, the prices of things I buy every week have been increasing significantly over the last couple of weeks.
He's the President of Bolivia. He looks like an Hispanic Moe of the 3 Stooges.
So, since the dealers determine the pump price on their replacement cost (or at least that's what they tell us when it goes up), then we should see a drop at the pumps of about 12 cents tomorrow. Right?
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