Posted on 09/06/2006 11:48:53 AM PDT by kellynla
Crude futures drop more than a dollar in late afternoon sell-off to $67.50 a barrel. More soon.
(Excerpt) Read more at money.cnn.com ...
I guess the estimates were all over the board, probably in attempt to dampen the excitement over the prosepect of lower gasoline prices.
But it was the low crude prices of the nineties that caused ARCO to be vulneraable to take over. ARCO was the only fully US company, and could not sustain their operations with crude prices in the twenties. Oil companies are not in business to lose money.
You are correct. I should have posted that the 1964 was the first model, not year of manufacture.
A freeper posted a link yesterday. Seems just about everyone has a 5.5 fixed right now.
We had a price war going on between the Phillips 66 and the Esso. It was 19cents a gallon.
Yeah, good ole drip, out 80 octane and would ping like heck in an old 10:1 engine. Price was right though!!!
That darn Bush, he's manipulating oil prices in time for the elections. /liberal crap off
Well at this rate it'll be 25 dollars a barrel at the end of October.
ha ha. yeah, all the oil 'wigs got their retirements secure. time to lower it so 'ol Ford and GM don't go under. Ha ha. time to re-re-tool their assembly lines and roll out the Hummers again. Diesel will remain the same and the diesel Jettas will sit on the lots again. What a bunch of puppets we are, or is it rats in a wheel?
Doncha just LOVE living in the Umpire State!!!
Forget that...I'm getting me a Hummer... :-)
Based on historic supplies and reserves, Oil is a 30-40ish commodity... right now its got a 30-40 a bbl greed premium right now.... Future speculative scum.
Premium, who is premium? We called it ethyl down here in the south. Dadgummed yankees, calling ethyl gas premium, what is the world coming too?? SARC/off
$25 a barrel will curtail a lot of new exploration and development. Which is what is behind the decline right now. As I understand it, $40 or so will still provide the incentive for companies to develop new fields, shale oil etc.. The long view is needed here.
Too big of a drop now will simply mean a larger upswing the next time around. Producing oil still needs to be profitable.
It might be a greater problem for them, but they are smaller than the industry. They can come and go with no lasting impact. Maybe just a hiccup now and then.
LOL
Yup, it pinged, but gee our old LaSalle ran great (and cheap).
Check the tumbling prices of the oil-sector stocks. Good buying opportunity coming up. Watch for my spam email in your inbox any day now.
Athens, Tn $2.32 this morning
lol!
Soon to be jobs lost, and willie will have made a full circle.
So how is gold doing?
It was a great car, and my wife went to sedans and station wagons until 1981.
That summer we bought from her brother a 68 Camaro Rend and White Camaro with that same engine in the Malibu.
She drove it to work, and it was her baby and everyday car. I put 3 new tops on it and had it painted 3 times. We had to put a rebuilt engine in it when the lead was removed from the gasoline. The heads just collapsed. We sold it in 1997 and recovered all of the maintenance. It got about 16-18 mpg in town and 20-22 on the road. It still had the original seats, windows, transmission and body parts and transmission. Now, if we had it with the original engine, you could use it for a good down payment on a house in California.
My sons and I did all of the maintenance which was easy. You opened the hood and that great little V8 was right there. My youngest son could even change spark plugs and retime the engine. There was one little metal cylinder coming off the airbreather for the Ca clean air Nazis. It stayed in the glove compartment except when we had to have it smog tested.
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