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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: OldFriend
I remember when gasoline was in the teens. And they gave you a knife or a dish, AND they washed the windscreen too.

I remember when there was no such thing as self-serve, and one of the big oil companies had a policy that if the attendant did not clean your windshield and offer to check the oil, "your gasoline purchase is free."

That was a few years back too.

81 posted on 09/06/2006 12:26:32 PM PDT by freespirited (We have met the enemy and it is Wal-Mart. ---The Democratic Party)
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To: freespirited

If you remember that, then you probably remember when Fina offered pink air. This was while the corporate motto was, "Work hard, sell a good product, and don't try to kid anybody."


82 posted on 09/06/2006 12:28:11 PM PDT by gcruse (http://gcruse.typepad.com)
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To: MAD-AS-HELL

uh... thanks for conceding that the economy of the 90s was lousy world-wide, with the sole exception of the US.

Now, can you get the necessary implication that that with their economies being better, and their purchase of more oil, the price of oil will, indeed MUST, rise to balance the supply-demand curve?


83 posted on 09/06/2006 12:28:19 PM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: w1andsodidwe

You could be right about CA, but I doubt it.

It's been "per gallon" historically so it was easy for people to calculate and/or set gas pumps/signs as wholesale prices change.

(Used to own a bunch of 7-Elevens. You don't get the best-and-brightest sometimes.)


84 posted on 09/06/2006 12:28:55 PM PDT by MeanWestTexan (Kol Hakavod Lezahal)
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To: MeanWestTexan

California taxes fuel 18 cents per gallon, and then adds state sales tax after that.


85 posted on 09/06/2006 12:29:42 PM PDT by BurbankKarl
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To: gcruse

ohhhhhh... we thought maybe you had one of those time machines LOL


86 posted on 09/06/2006 12:30:27 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: MaestroLC

The weak hurricane season is also helping. Many speculators were counting on a strong hurricane year, which by now is clearly not going to materialize.


87 posted on 09/06/2006 12:30:43 PM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: JamesP81
or for guys like you who like a pickup truck or an SUV.

Yeah, the F250 has to wait until my wife sells a few more books.

88 posted on 09/06/2006 12:30:52 PM PDT by ElkGroveDan (The California Republican Party needs Arnold the way a drowning man needs an anvil.)
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To: AFPhys

I never typed the world economy was good, just that the US economy was good (at least that's what I was implying). But again, oil prices didn't cause the bad economy, assuming that's what your premise is.


89 posted on 09/06/2006 12:31:15 PM PDT by MAD-AS-HELL (Put a mirror to the face of the republican party and all you'll see is a Donkey.)
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To: AFPhys
Isn't it great that the libnuts are so predictable?

Got that right. This particular coworker blames everything on President Bush. Seriously, he blamed the fact that he had to wait in line at the post office on a Saturday morning on the president.

90 posted on 09/06/2006 12:31:35 PM PDT by retrokitten
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To: BurbankKarl

Ah, do it both ways.

How amazingly stupid and complex (but that is CA gov. for you).


91 posted on 09/06/2006 12:33:25 PM PDT by MeanWestTexan (Kol Hakavod Lezahal)
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To: gcruse

That's a valid point. Development of these alternatives is taking more time than we might like, and money, too, apparently. Seeing Big Oil with no profits at all for a couple quarters might make a big cut in that development.


92 posted on 09/06/2006 12:34:19 PM PDT by RightWhale (Repeal the law of the excluded middle)
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To: Perdogg

China must have filled its emergency supply tanks.


93 posted on 09/06/2006 12:35:09 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: msnimje
My first gallon of gas cost 25 cents.

I can remember paying 14.9 for regular and 15.9 for premium (and a $1.04 for a carton of Marlboros). That was in 1970.

94 posted on 09/06/2006 12:36:22 PM PDT by tje (Cold hearted orb, that rules the night....)
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To: edh

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2496216&mesg_id=2496246


95 posted on 09/06/2006 12:36:28 PM PDT by BJClinton (What happens on Free Republic, stays on Google.)
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To: gcruse

In February, often, the best month to buy cars, I bought my wife the same Malibu except it was the Convertible without the high compression heads and dual exhausts with the standard V8.

We had a 1992 Nova II convertible with less than 10,000 miles. The Dealer wanted $1200 more plus the trade in. This was in Norfolk.

I told him that I would give him 800 in cash plus the paid off Nova II. He said no, and I gave him my phone # and said I would give him $600 if he waited until I got home. I told him that no Navy single guys would buy that car without dual mufflers and the power pack. I showed him 8 c notes. He waivered and then said no. I gave him my name and phone #, and we left.

My wife was near tears when we left. It was a lonesome ride home. When we got home, the phone was ringing, and it was the dealer trying for the $800. I told him if I hung up, my offer went down another $200 to $400. He said he needed to think about it. I gave him 10 seconds and started with one thousand and one. I got to one thousand and three, and he agreed. I informed him that I was in the Navy and any bait and switch when we picked up the new car would cost them big time. He said the price was firm.

I told my wife to dry her eyes and lets go get her new car. I wore my uniform down for the exchange. The price was right with the 6 C notes and the Nova II. We sold it 8 years later for what we paid for it.


96 posted on 09/06/2006 12:37:15 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic lies/wet dreams posing as news.)
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To: OldFriend
Mortgage rates are back down to 5 1/2%. Great rate to lock in for those fools who went with the ARMs.

But, but, Hydroshock and ex-texan have said that rates will soon be at 17% and that EVERY home will soon be worth about $100... SELL NOW, PANIC...WE'RE DOOMED!!!!!!!!

97 posted on 09/06/2006 12:38:02 PM PDT by goalinestan (Build it...and they won't come (as easily))
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To: Brett66
The oil bubble has popped!

No, it hasn't. There are plenty of investors perfectly willing and happy to buy in the mid 60s and drive it right back up.
98 posted on 09/06/2006 12:39:00 PM PDT by mysterio
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To: rightinthemiddle

Dang, it was $2.399 here last week. Wonder what it will be the next day or so.


99 posted on 09/06/2006 12:39:16 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: kellynla
you did what? LMAO

He just set the Rovian time machine to forward.

100 posted on 09/06/2006 12:40:48 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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