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Why oil prices will tank
CNNmoney ^
| June 6, 2008: 8:11 AM EDT
| By Shawn Tully, editor at large
Posted on 06/06/2008 7:13:25 AM PDT by ChildOfThe60s
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To: 6ppc; ThisLittleLightofMine
Why doesn’t the current President make an executive order....immediately?
Who do you expect him to order and what would those orders be? The president has very little power to affect market prices. Only additional supplies can do that, and Congress is the roadblock to drilling for new supplies.
Maybe someone out there can shed some light on this: Carter issued an executive order blocking off AVWR, Clinton did the same for Utah’s coal. It would seem logical that the current worthless occupant of the White House could undo those the same way.
Anyone want to weigh in on that line of reasoning?
81
posted on
06/06/2008 2:03:54 PM PDT
by
ChildOfThe60s
(If you can remember the 60s........you weren't really there)
To: ChildOfThe60s
Perhaps to our credit or detriment, Republicans tend not to govern by executive fiat.
82
posted on
06/06/2008 4:36:31 PM PDT
by
gura
(R-MO)
To: mysterio
It's not a bubble. Guess again.
83
posted on
09/16/2008 9:41:04 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: mikeus_maximus
Oil prices are high because there is a restricted supply of an essantial commodity. That's true, and there was a price bubble.
84
posted on
09/16/2008 9:45:18 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: RightWhale
It's all in the minds of the players. It was and it still is. It was a bubble.
85
posted on
09/16/2008 9:48:20 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: HereInTheHeartland
High prices always cure high prices. Correct!
86
posted on
09/16/2008 9:51:48 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: mysterio
The only way to make the price of oil go down is to replace it. With more oil.
With only Bush rescinding the Executive Order against off shore drilling, the price of a BBL of oil right now is 91.53
Yesterday the stock market caught up with the speculators that pushed the price up to make billions of $'s by taking a hit of over 500 points.
It's recovering a bit now, up 35.66
87
posted on
09/16/2008 10:01:15 AM PDT
by
Syncro
(Tagline: optional, printed after your name on post)
To: mysterio
The only way to make the price of oil go down is to replace it. With more oil.
With only Bush rescinding the Executive Order against off shore drilling, the price of a BBL of oil right now is 91.53
Yesterday the stock market caught up with the speculators that pushed the price up to make billions of $'s by taking a hit of over 500 points.
It's recovering a bit now, up 35.66.
Of course the price of gas has gone up quite a bit in areas where the companies think they can get away with it around the current "climate change" areas.
88
posted on
09/16/2008 10:03:18 AM PDT
by
Syncro
(Tagline: optional, printed after your name on post)
To: palmer
We’ll see if it continues to trend lower and doesn’t go back up.
89
posted on
09/16/2008 10:12:01 AM PDT
by
mysterio
To: mysterio
I called the double top just about perfectly, why don’t you wait until I call the bottom.
90
posted on
09/16/2008 10:18:40 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: palmer
91
posted on
09/22/2008 11:44:36 AM PDT
by
mysterio
To: mysterio
92
posted on
09/22/2008 1:19:05 PM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: mysterio
Next we get to see how hard we bounce off of 92. That could be a bottom or we could go crashing through.
93
posted on
09/29/2008 10:48:49 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: mysterio
I think we've seen the bottom:
There could be another bounce at 37/38 and I don't think there's any reason for another bubble, although 80 by summer is plausible.
94
posted on
01/05/2009 7:09:56 AM PST
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
To: palmer
The oil producing nations are doing everything they can to scare the price back up. Energy independence now.
95
posted on
01/05/2009 7:12:40 AM PST
by
mysterio
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