[rellimpank]

-—”those who fail to study history are doomed to repeat it”—

[dennisw]

Index data delayed 30 min.
	DJIA	8,766.20	-58.14
	NASDAQ	1,579.40	+0.09
	RUSSELL	487.27	+0.68
	GOX	123.34	-9.21
	NYSE	5,737.54	-32.26
		79.93	+1.37
	HUI	277.90	-14.05
	NIKKEI	8,667.23	+54.71
	JSE	2,182.48	-195.75
		38.59	-1.47
Charts..

[shankbear]

They can drink it for all I care. Swim in it. We need to get after the drilling and really bury OPEC.

[icwhatudo]

Que the AP stories on how low gas prices are bad for America.

Dollar high: No one is buying our stuff!
Dollar low: Things are too expensive!
House values high: The American dream is out of reach!
House values low: Americans are losing trillions in equity!
Warm day: GLOBAL WARMING!
Cold day: Global Warming!

[org.whodat]

Looking for a foreign made car that gets better fuel mileage myself. The old Cat is leaving!!

[bankwalker]

I think today the Jan futures contracts expire and get rolled to Feb.

You are showing the Jan price but the Feb price is about $4.50 higher.

The Feb price is the real one, currently 43.73 vs 39.17 for Jan.

This happens every month, yet the morons reporting on the financial channels never seem to mention it. They just report the expiring price.

[rwfromkansas]

The oil market already priced in the cuts, so now they shrug.

Just like they did the last time cuts were made.

However, gas better go down again. It went up before the meeting since oil was going up (though frankly, the increase was unjustified.......oil went up before the last OPEC meeting and gas still went DOWN, not up). They were screwing with us last week jumping the pump prices.

But anyway, OPEC just doesn’t have the impact it used to have.

[Alberta's Child]

Interesting news.

I had a bet with my boss last summer . . . I said the price of oil would hit $20/barrel before it ever hit $200/barrel. The winner of the bet gets a billion dollars.

Neither one of us has anything close to a billion dollars, mind you . . . but it would be nice to win the bet anyway. :-P

[xcamel]

I may win that bet yet... getting mighty close.

[Grampa Dave]

Up in the wino counties, the price regular popped up 1 to 3 cents per gallon.

My wife commented that it looked like some panic filling up.

Could have been the shoppers running low on gas and refilling for the next round of depression shopping.

[Aquinasfan]

You have a situation where where each OPEC member has to pump and sell much much more to pay for their hare brained schemes.

I'll cut production. You can trust me. I'm not like the others.

Couldn't happen to a nicer bunch. Now let's go nuclear and finish the job.

[varmintman]

If we started drilling right now we could collapse it to ten or twenty bucks a barrel.

[Tanniker Smith]

So if oil drops down to, say, $20, does that mean that gold and silver will likely move lower in tandem with oil (not necessarily matching it percentage-wise)?

That'd be nice -- I'd find the money to get into those then ... assuming I knew a reputable dealer of the stuff.

[kik5150]

Time to fill up my 57’ Chevy with the 327 camel hump heads...

[Star Traveler]

Gas prices here in Oklahoma jumped up 10-cents a gallon on the news that OPEC did that big cut. I think they were anticipating the rise in oil prices. I had held off filling up, and was just about to do so, until I saw the price jump in gas. So, I’m stalling, once again, to see them drop 10-cents a gallon now — and more... LOL...

[Scarchin]

Every time I turn down my thermostat, I imagine myself kicking Hugo or a Saudi in the @!#%s!

[Recovering_Democrat]

Bail out OPEC!

[Obadiah]

In 1967, gasoline cost $0.36 per gallon.

In today's dollars that equals $2.13 per gallon. So at $1.63 per gallon (local) gasoline is a bargin.

[OB1kNOb]

Keep going down until the ragheads have to pay us to use it.

[onedoug]

How much to put it back in the ground?