Oil plunges below $51( Saudi is flodding the market )

http://money.cnn.com/2007/01/16/markets/bc.markets.oil.reut/index.htm?postversion=2007011615 ^

[SomeoneNeedsToSayIt]

LONDON (Reuters) -- Oil prices plunged more than 3 percent back near $51 a barrel Tuesday after Saudi Arabia said OPEC production cuts were working well and that there was no need for an emergency meeting of the producer group.

[SomeoneNeedsToSayIt]

The folks in Saudi are worried about Iran and they are flooding the market with oil before Bush hammers Iran.

We've got so many subs in the area we are running into surface ships!

[ASA Vet]

You might wish to ask the mod to correct your title spelling.

[Enosh]

This is an example of why commentary in the headline is not a good idea.

[50sDad]

Two words..."Alternate Energy".

When I was a kid during the laughable "energy crisis" (there was pleanty of energy...OPEC was just sitting on it) things looked like America might get off it's fat backside and actuall do things to bring us out from under the domination of the sand fleas...and suddenly, the embargo was over.

I pray to God we are still moving ahead in the Oil Shale project.

[najida]

I love the smell of flodd in the morning!

[RayStacy]

for later

[Lijahsbubbe]

Flodding? Why, I haven't heard of anyone flodding for ages! Someone has to put a stop to this. This is outrageous.

[edcoil]

Need to stop this alternative energy movement in the USA.

[lexington minuteman 1775]

WE ARE DOOMED! We are being FLODDED!

[Ieatfrijoles]

I was reading SF Chron. archives today of June-75 where experts had predicted Iran's oil to wane in 1990. I don't know what to believe.

[Diddle E. Squat]

Oil plunges below $51( Saudi is flodding the market )

Exactly which Saudi is flodding the market?

C'mon, tell us, someone needs to say it!

[Mr. K]

When is the "world court" going to do something about price fixing and break up the OPEC monopoly?

[Lijahsbubbe]

Alright, I'll say it, time to get out the beeber.

[Lijahsbubbe]

LOL

[Mr. K]

I'm stuned~! stuned I tells ya'~!

[BuglerTex]

Exactly which Saudi is flodding the market?

The Flodder from Pfluegerville.

(Apologies to the Austin Lounge Lizards.)

[EQAndyBuzz]

It is "Flogging the Market"

We should build a couple of refineries. That should drive everyone into a tizz.

[FreeKeys]

You can't be series. Can yuou?

[Fixit]

Dang, you beat me to it!

[Old Professer]

What are you going to do if he doesn't, floog him?