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BREAKING NEWS: Crude futures drop more than a dollar in late afternoon sell-off to $67.50 a barrel.
money.cnn.com ^ | 9/6/2006 | staff

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 ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: crude; energy; oil
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To: donozark

Is that near Bug Tussle?


141 posted on 09/06/2006 2:12:07 PM PDT by fhayek
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To: fhayek

West of Booger County. East of the Nations. South of Tintown.


142 posted on 09/06/2006 2:15:20 PM PDT by donozark (Restraining orders are just another way of saying I love you.)
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To: kellynla

Karl Rove you are such a genius!</sarc>


143 posted on 09/06/2006 2:18:40 PM PDT by LukeL
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To: donozark
Booger County? You're putting me on.
144 posted on 09/06/2006 2:19:57 PM PDT by fhayek
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To: MeanWestTexan
I understand fuel tax to be based on gallon, not price per gallon.

Some states have both.

US FUEL TAX RATES BY STATE

145 posted on 09/06/2006 2:21:29 PM PDT by thackney (life is fragile, handle with prayer)
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To: donozark

Wrong side of town!


146 posted on 09/06/2006 2:22:13 PM PDT by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: MAD-AS-HELL
True but those economies weren't due to the low price of oil and you know that.

No, but those low econmies diminished the global demand for oil and pushed the global price of oil low.

147 posted on 09/06/2006 2:31:34 PM PDT by thackney (life is fragile, handle with prayer)
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To: msnimje

I pumped gas in the Michigan winter at 58 cents. Full service. Me with wet hair after swim practice. Hair froze.

My friend, who got me the job, was a notorious scammer. He figured out that he could pry the glass frame off of one pump, and dial in, by hand, $1.00 on the rotating numbers.

Everytime somebody came in for a "Fillup," he would guide them to that pump, saying it was the only one working.

One fullup, one buck for him.

He told the rest of us about it, and we played with the pump. Trick was, you had to dial it in and then click the handle up and down, and resist the pressure of the wheels.

So he got greedy, and tried resetting it with several bucks on the pump, and it broke the mechanism.

800 gallons of gas later, we all got fired.

"Sir, the pump broke! How much do you think the tank took? I don't know what to do! My manager will be so mad if I let you go without paying!"

"Son, it probably took $8.00, and that's all I'll give you."

"Thank you sir!"


148 posted on 09/06/2006 2:32:49 PM PDT by MonroeDNA (Crist!!! Next Governor of Florida!)
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To: MonroeDNA

We had oil in cans, on these roll-out stands, next to each pump stand.

My buddy put empty cans on the top. Puncture holes on the bottom.

"May I check your oil, 'Ma'am?"

"Yes, please do."

(You pull out the stick, dry it, push it back in with your fingers holding below the cap. Pull it out, without looking, and show it to her.)

"Maam, you are one quart low. Would you like me to put it in?"

Empty can comes off the top, fake oil injection.

"That will be $2.00, Ma'am, and $8.00 for the gas."

He got tipped, too.


149 posted on 09/06/2006 2:40:10 PM PDT by MonroeDNA (Crist!!! Next Governor of Florida!)
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To: Eva
new Chevron find was described at needing the price of crude to remain above $65 to make it profitable

Do you remember where you read that? That seems awful high.

150 posted on 09/06/2006 2:42:48 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Yes, see post 91 and backtrail.


151 posted on 09/06/2006 2:44:46 PM PDT by MeanWestTexan (Kol Hakavod Lezahal)
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To: donozark

Looks like it's 2.25 at Murphy's now.

http://www.missourigasprices.com/Springfield/index.aspx


152 posted on 09/06/2006 2:52:06 PM PDT by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: thackney

I didn't read it, I heard it on the radio. Like I said, they (the media)were probably just throwing out figures to dampen the enthusiasm over the prospect of lower gas prices.


153 posted on 09/06/2006 2:56:38 PM PDT by Eva
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To: saganite

true, dat.


154 posted on 09/06/2006 2:58:29 PM PDT by BoBToMatoE
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To: MAD-AS-HELL

When was the last time we had $25 a barrel?


155 posted on 09/06/2006 2:58:45 PM PDT by RayStacy
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To: Eva

Thanks. It will take a lot of money and time before this reaches production. But I would be surprised that it would take such a high sustained price to justify it. If it would, I doubt they would be drilling that far out in the first place.


156 posted on 09/06/2006 2:59:39 PM PDT by thackney (life is fragile, handle with prayer)
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To: JamesP81

68 Road Runner with the 440 at least. :)


157 posted on 09/06/2006 2:59:53 PM PDT by RayStacy
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To: rightinthemiddle

Ive seen it as low as 2.24 at hotspot.. thats located at the corner of campbell and plainview.

dont know if it will last.


158 posted on 09/06/2006 3:01:09 PM PDT by BoBToMatoE
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To: RayStacy

September 2003

United States Spot Price
http://tonto.eia.doe.gov/dnav/pet/hist/wtotusaw.htm


159 posted on 09/06/2006 3:01:50 PM PDT by thackney (life is fragile, handle with prayer)
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To: Brett66

"The oil bubble has popped!"


I've been getting Newsmax e-mails for months and months saying this was going to happen, even before we found all that oil in the gulf.


160 posted on 09/06/2006 3:04:32 PM PDT by CommieCutter
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