Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Crude Prices Slump Below $42 a Barrel
forbes.com ^

Posted on 12/27/2004 12:13:42 PM PST by soccer_linux_mozilla

Crude futures fell by more $2 a barrel on Monday as traders anticipated warmer weather in the U.S. Northeast later in the week and responded to weekend snowstorms in the U.S. Midwest that kept motorists off the road.

Traders brushed off any impact from the massive earthquake off the coast of Indonesia, where the government oil company and Exxon Mobil Corp., which produces and process natural gas there, said operations and exports were continuing as normal after brief power outages.

Light, sweet crude for February delivery plunged $2.78, or 6 percent, to $41.40 a barrel on the New York Mercantile Exchange in afternoon trade.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: barrel; energyprices; oil
Navigation: use the links below to view more comments.
first 1-2021-4041-55 next last

1 posted on 12/27/2004 12:13:42 PM PST by soccer_linux_mozilla
[ Post Reply | Private Reply | View Replies]

To: soccer_linux_mozilla
Site Meter

Pardon me if I don't see this as a bad thing...
Sharper Minds Daily...
2 posted on 12/27/2004 12:15:53 PM PST by KMC1
[ Post Reply | Private Reply | To 1 | View Replies]

To: soccer_linux_mozilla

that ain't a slump...it shgould be about 25...


3 posted on 12/27/2004 12:17:37 PM PST by The Wizard (DemonRATS: enemies of America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: soccer_linux_mozilla

Powder..Patch..Ball FIRE!

Gas at $1.47 gal. yesterday. Should be less tomorrow.

Gee wonder when the MSM will investigate the falling prices?


4 posted on 12/27/2004 12:19:04 PM PST by BallandPowder
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Wizard
that ain't a slump...it shgould be about 25...

I see it at 30-35

5 posted on 12/27/2004 12:21:05 PM PST by 1Old Pro
[ Post Reply | Private Reply | To 3 | View Replies]

To: soccer_linux_mozilla

There were posters here who predicted that oil would fall right after the election. These paranoids thought someone might have bid up oil futures for political reasons.

Of course, thats pretty much what has happened. Oil started dropping right about election day.


6 posted on 12/27/2004 12:22:05 PM PST by marron
[ Post Reply | Private Reply | To 1 | View Replies]

To: marron

Its going to be OK...


7 posted on 12/27/2004 12:24:01 PM PST by Eric in the Ozarks
[ Post Reply | Private Reply | To 6 | View Replies]

To: soccer_linux_mozilla
$oro$ is deeply saddened
8 posted on 12/27/2004 12:27:34 PM PST by CzarNicky (The problem with bad ideas is that they seemed like good ideas at the time.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: soccer_linux_mozilla

Michael Moore is deeply saddened.


9 posted on 12/27/2004 12:27:51 PM PST by BenLurkin (Big government is still a big problem.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BallandPowder

Wow that's good it's 1.70 here.


10 posted on 12/27/2004 12:28:30 PM PST by rodguy911 (rodguy911:First let's get rid of the UN and then the ACLU, or vice versa..)
[ Post Reply | Private Reply | To 4 | View Replies]

To: BallandPowder

Still $1.75 a gallon for regular around Pgh. Irritates me to no end. I need to fill my gas guzzling F150!


11 posted on 12/27/2004 12:30:01 PM PST by cjshapi
[ Post Reply | Private Reply | To 4 | View Replies]

To: cjshapi

I should have been more clear....I love my gas guzzling F150. It's the prices that irk me.


12 posted on 12/27/2004 12:30:55 PM PST by cjshapi
[ Post Reply | Private Reply | To 11 | View Replies]

To: CzarNicky; Poohbah

Soros is sad about the oil prices, but happy because his guy won in the Ukraine.

I think the higher oil prices would have been better for the US.


13 posted on 12/27/2004 12:32:01 PM PST by hchutch (A pro-artificial turf, pro-designated hitter baseball fan.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: marron
Just because we are paranoid doesn't mean they aren't out to get us.
14 posted on 12/27/2004 12:34:11 PM PST by gov_bean_ counter
[ Post Reply | Private Reply | To 6 | View Replies]

To: BallandPowder

Crimony, I paid $1.74 this weekend.


15 posted on 12/27/2004 12:34:46 PM PST by SoDak (home of Senator John Thune)
[ Post Reply | Private Reply | To 4 | View Replies]

To: marron
Well, not quite. By election day, crude had already dropped 10% from its highs:

NYMEX January 2005 Light Sweet Crude (date, open, high, low, close)

20041012...53.10...53.20...51.40...51.67
20041013...50.90...52.80...50.80...52.62
20041014...52.70...53.50...52.35...53.47
20041015...53.05...53.45...52.80...53.40
20041018...53.20...53.30...51.80...52.31
20041019...51.40...52.20...51.40...52.14
20041020...52.40...54.05...52.25...53.93
20041021...53.93...54.15...53.60...54.05
20041022...54.35...55.00...54.35...54.69
20041025...54.70...54.95...53.90...54.17
20041026...53.80...54.85...53.55...54.76
20041027...54.75...55.30...51.85...52.17
20041028...51.35...52.60...50.65...50.74
20041029...50.90...51.70...50.50...51.60
20041101...51.90...52.35...49.22...50.01
20041102...49.75...50.25...49.45...49.59 <<-- election day
20041103...49.65...51.00...48.50...50.82
20041104...50.72...50.85...48.75...48.84
20041105...49.10...49.70...48.40...49.62
20041108...49.05...49.60...48.70...49.17
20041109...48.10...48.70...47.35...47.57
20041110...47.40...49.10...47.30...48.92
20041111...48.09...48.40...47.25...47.60
20041112...47.50...48.20...47.30...47.41
20041115...46.50...47.10...45.45...46.95
20041116...47.30...47.44...46.15...46.20
20041117...45.90...47.35...45.50...47.12
20041118...47.00...47.30...46.00...46.38
20041119...46.80...48.95...46.75...48.89
20041122...48.95...49.25...48.35...48.64
20041123...48.83...50.25...48.80...48.94
20041124...48.60...49.60...47.80...49.44
20041129...49.60...49.95...49.15...49.76
20041130...50.05...50.40...48.68...49.13
20041201...48.90...49.00...45.35...45.49
20041202...44.30...44.60...42.50...43.25
20041203...42.53...43.60...42.05...42.54
20041206...43.00...43.60...42.73...42.98
20041207...42.55...42.65...41.38...41.46
20041208...40.70...42.50...40.70...41.94
20041209...42.20...43.20...42.05...42.53
20041210...43.01...43.10...40.25...40.71

16 posted on 12/27/2004 12:38:38 PM PST by SAJ
[ Post Reply | Private Reply | To 6 | View Replies]

To: BallandPowder

BusHalliburton is rewarding the VRWC for returning him to office.

/tinfoil off


17 posted on 12/27/2004 12:43:50 PM PST by Disambiguator
[ Post Reply | Private Reply | To 4 | View Replies]

To: BallandPowder
HUMPPHHFF! BLAST! AND DAMN!

$1.899 in Jacksonville.

18 posted on 12/27/2004 12:45:32 PM PST by Taxman (So that the beautiful pressure does not diminish!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: soccer_linux_mozilla
Where is Tommy? Okay, I'll say it for the twerp; the obligatory. "I am saddened, deeply saddened."
19 posted on 12/27/2004 12:48:25 PM PST by Cobra64 (Babes should wear Bullet Bras - www.BulletBras.net)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BallandPowder

Personally, I never cared about gasoline prices going up or down a dime. I'd prefer the government stop confiscating $64,000 a year from our family!


20 posted on 12/27/2004 12:50:22 PM PST by Cobra64 (Babes should wear Bullet Bras - www.BulletBras.net)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-55 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson