Posted on 09/12/2006 12:40:17 PM PDT by shrinkermd
WASHINGTON — Oil prices fell by almost 3 percent Tuesday, dipping below $64 a barrel as demand and perceived supply threats ease. After a seven-day selloff, crude futures are at their lowest level since late March.
Falling oil prices are not uncommon at this time of year, when gasoline consumption traditionally tapers off and winter fuels demand has yet to ramp up.
But the market has been especially weak lately, falling roughly 18 percent since mid-July, because fears of a powerful Atlantic hurricane season have so far proved unwarranted and because traders are increasingly skeptical that a diplomatic standoff between the United Nations and Iran will lead OPEC's No. 2 producer to pull supplies from the market....
Be sure to look up before leaving any tall builiding today. Watch out for falling Democrat Party Activists.
CC&E
Come on baby, get below sixty.
We need it get to at or about $1.50. Maybe thats a dream, but that would help.
If we could get oil to drop to at or about $40.00 - $50.00 a gallon before November, that would really stick things to them.
Come on hedge fund speculators.. SELL!
Thank goodness Karl Rove ordered Haliburton to turn off the secret, only-targets-Blacks hurricane generator.
Thank goodness Karl Rove ordered Haliburton
Haliburton? Oh man, you are behind! Haliburton is a shill front for Express Services and the illegal immigration movement, who are silent partners with C-stores and 7-Eleven. Go to Thailand and you will see what I mean.
Thailand is the key.
"WASHINGTON — Oil prices fell by almost 3 percent Tuesday, dipping below $64 a barrel as demand and perceived supply threats ease. After a seven-day selloff, crude futures are at their lowest level since late March. "
On one hand they call it "perceived supply".
Then a sentence later they say crude normally falls in price this time of year.
I am suprised they didn't add Cheney and Halliburton to the story.
Seems like much longer ago. If commodities go back to 2-3 years ago we wouldn't know what to do with all the extra cash.
Now we wait 24 hours to see how much of this gets reposted on DU as reality.
I don't think one can do parodies of Liberals anymore, because they are more wacko than any fictional depiction.
Okay, here's the cynically side of me: Oil will keep dropping until the low to mid $50 range. This will be the norm until...about...March or April. Then someone will sneeze, a mild breeze will blow in the gulf, and oil prices and gas prices will shoot up to record highs...just in time for summer 2007!
$2.10 in Southwestern Missouri this morning
$2.35 in Atlanta suburbs today
Nymex unleaded @ $1.5521
Summer Condos in Almagalsik Greenland will attract Danish tourists in increasing numbers and with an an increase in the Moose herd! Cheese Danish with a mousse topping will be all the rage!
That is getting to be a problem. Rush has been complaining about it for years. He jokes about something one day and then hears it suggested as policy by a Democrat the next. Personally, I'm finding it to be more and more difficult to get drunk enough to stay a step ahead of the moonbats.
I love the "public service announcments" Rush plays which pleads liberals not to act out so wacky because it is increasingly hard to do paradies of them.
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