To: kellynla
I wanna see $25 a barrell oil again.
2 posted on
09/06/2006 11:49:58 AM PDT by
MAD-AS-HELL
(Put a mirror to the face of the republican party and all you'll see is a Donkey.)
To: MAD-AS-HELL
Well at this rate it'll be 25 dollars a barrel at the end of October.
4 posted on
09/06/2006 11:50:40 AM PDT by
mhx
To: MAD-AS-HELL
No you don't. If that were the case we would be in some serious economic trouble. Also, some 401k would suffer.
10 posted on
09/06/2006 11:51:33 AM PDT by
Perdogg
(My friends say I should act my age - What's my age again?)
To: MAD-AS-HELL
$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.
132 posted on
09/06/2006 1:46:33 PM PDT by
ChildOfThe60s
(If you can remember the 60s...you weren't really there.)
To: MAD-AS-HELL
When was the last time we had $25 a barrel?
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