Pardon me if I don't see this as a bad thing...
Sharper Minds Daily...
that ain't a slump...it shgould be about 25...
Powder..Patch..Ball FIRE!
Gas at $1.47 gal. yesterday. Should be less tomorrow.
Gee wonder when the MSM will investigate the falling prices?
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.
Michael Moore is deeply saddened.
That Karl Rove is a real trickster --- he has Bush jack up oil prices right before election then jerks the bottom out right after!
The Democrats should learn from this!
funny...if sKerry was elected, everyone would be attributing the decline to his dynamite energy policy...W is reelected so it's ho-hum. MSM stinks.
Let's see.....the Iraqi ammo dump scam, etc etc etc...all for the benefit of the election of ketchup boy.
Crude Prices Slump Below $10.00 a Barrel?
Buffetttttt-Sorosssssssss
Go British Pound!
Some crude oils are tough to get to flow out of the ground. The former Soviet Union, before the fall of Eastern Europe, used a Nuclear Weapon to try to get the a field to flow better -- [yes, they nuked an oil field to try to get it flow better...]
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.
This is quite a bit different from the Gulf of Mexico production -- there were still plenty of problems in November trying to get all of the Gulf of Mexico back online.
I think in late October or early November, 87% of the Gulf of Mexico production was back online.
This was caused by the many, many hurricanes. Some people may have heard of some fast food restaurtants not putting tomatoes on hamburgers -- at least on the East Coast -- because the tomato harvest was devastated for December delivery.
Deep water wells would not have problems -- you are either able to seal off the well underwater or not. And they would probably run tests, after the earthquake, to check for damage.
Deep water platforms are meant to survive nasty hurricanes, let alone earthquakes [probably not as much a problem as a hurricane/typhoon].
This would be quite a bit different than if a nuke went off any where near a hi technology area, and fried all the electronics -- probably cars, stereos, cell phones, phones, radios, etc -- would all be fried by the EMP.
It's George Bush's fault.
I don't understand. The leftist scaremongers told me oil would go to $100/bbl and never go down.