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.

[nevergore]

I think flodding is illegal......especially in public......and definitely if it also involves your beeber......

[savedbygrace]

For the most current model, Flod is just below Stune on the Beeber front control panel.

[Made In The USA]

All your flodding are belong to us.

[JerseyHighlander]

Unambiguous move by OPEC to undercut any further development in the Canadian oilsands projects.

Most oilsands projects have break even costs between US$35 and $45 per barrel.

[EQAndyBuzz]

"The Flodder from Pfluegerville. "

The Pfluegerville Flodders? Do they play at Chapparal Ice?

[Brilliant]

Maybe they are simply trying to undercut the Iranian price to put pressure on the Iranians.

[Lijahsbubbe]

Darn right it's illegal. Which is why we don't see much of it. Downright dangerous too.

Any use of flodding is unconscionable unless used only as a last resort.

[FReepaholic]

Perhaps we should look into flod insurance.

[ichabod1]

And require ethanol! Somebody needs to mandate that.

[ichabod1]

loosers all of ya.

[Yo-Yo]

( Saudi is flodding the market )

Couldn't be the (up until this past weekend) the very mild winter in the Midwest and Northeast that has demand for heating oil at near an all time low?

[OSHA]

WE ARE DOOMED DOMMED! We are being FLODDED!

Please try to remain clam.

[RightWhale]

My board shows $51.16 and that is the cheapest futures contract.

[al baby]

I Why am I a loser ? I get pinged to this thread to be
insulted. Sad very sad

[thackney]

How is reducing production by over 500,000 BPD flooding the market? Saudi Arabia has agreed to and already made the biggest production cuts since Nov.

[agrace]

LOL, I was just thinking this morning how I haven't read a really good hugh and series thread on FR in a while, and was reminiscing fondly about stuned beebers, so this thread is really making me smile.

[Lucas McCain]

This is hugh! Seriesly flodding!

[<1/1,000,000th%]

Oil prices plunged more than 3 percent back near $51 a barrel Tuesday after Saudi Arabia said OPEC production cuts were working well...

OPEC has been cutting production and the price is still falling?

I'm sure it's not because things have stabilized in Iraq to the point where oil production has become consistent.

Isn't demand from China sucking up the entire world's crude oil supply? /sarcasm

[ichabod1]

Sorry, I was just playing the common error of typing "looser" and thinking it's equivalent to "loser", for grins. Technically I did NOT call you a 'loser' I called you a 'looser'.

No offense intended.

[Centurion2000]

WE ARE DOOMED DOMMED! We are being FLODDED!

Please try to remain clam.