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Oil breaks below $85!
Oil-Price ^ | Oct. 9, 2008 | DGHoodini

Posted on 10/09/2008 4:17:21 PM PDT by DGHoodini

Crude Oil down to $84.66 @ 7:10 PM EDT.

Gas at $3.19 here. That's a dime less in 2 days.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: crudge; energy; energyprices; gasprices; globaleconomy; oil; price
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To: calex59

I’m with you on that. But the new design “Pebble” reactors, are smaller, cheaper, faster safer, and boilerplate designed, so if you know how one is set up, you know how all penbble reactors are set up. so much less of a re-learning cuurve for Techs, and standardized ports for maintenance.

It *should* be a lot easir to build a new Pebble reactor than it would be trying to go through the courts to get the through ways needed for transporting power from wind and solar farms, and the energy would be constant and could produce a lot of hydrogen for fuel cell cars, trucks, trains...planes.


41 posted on 10/09/2008 4:48:55 PM PDT by DGHoodini (Nor shall my sword sleep in my hand)
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To: doc11355

“With gas prices going down everywhere all at once, there’s obviously a conspiracy involved!”

Have you heard anyone say “gas never goes down the same way it goes up”, today? I haven’t and it does if the market is free to operate normally


42 posted on 10/09/2008 4:49:09 PM PDT by Figment ("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
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To: Man50D

OK Eeyore. :oD


43 posted on 10/09/2008 4:49:56 PM PDT by DGHoodini (Nor shall my sword sleep in my hand)
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To: A_Tradition_Continues
For quite a while WTI was cheaper than Brent Sea.

My guess is that traders see an industrial slowdown in Europe or the North Sea is really pumping it out.

44 posted on 10/09/2008 4:50:27 PM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: Cheryllynn

“Here we go again.........weeeeee!!!”

Ain’t that the truth. But with the falling DOW and such, I don’t think we’ll be seeing the big increases again before next hurricane season. People have cut back consumption and our gulf production is still not %100 back online. We have ourselves a mini glut


45 posted on 10/09/2008 4:55:39 PM PDT by Figment ("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
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To: DadOfFive

$2.77 Sedalia, Mo...I am hoping to vacation in your area July 2009. :-)


46 posted on 10/09/2008 4:56:50 PM PDT by kaylar
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To: lewislynn

What the oil companies want more than anything right now, is the same thing all businesses want, STABILITY. How do you make any long term plans with the fluctuations the way they’ve been?


47 posted on 10/09/2008 5:00:54 PM PDT by Figment ("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
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To: DGHoodini
Do we want to celebrate the lower prices or work to ensure the higher ones never happen again? Do we seriously want to keep enriching the Middle East thugs? We have the power and the capacity to solve this absurd imprisonment by manufacturing CNG vehicles and tapping our own natural resources before we fall apart. The Axis of Oil is our next security problem. We can ensure a brighter future with Compressed Natural Gas vehicles. GM manufactures the Chevy Optra CNG car in Thailand for that market. WHY NOT IN THE USA FOR US!!!???
48 posted on 10/09/2008 5:04:30 PM PDT by Melinda
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To: DGHoodini

gas is still $3.39 here in socal.


49 posted on 10/09/2008 5:05:36 PM PDT by ken21 (people die and you never hear from them again.)
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To: Figment

I have been hearing Donald Trump on Cavuto and Hannity radio saying that high oil prices contributed greatly to our recession and it is our life blood. He said “When we do things like a bailout, it goes up. When we do nothing, it goes down and there is nothing to stop it.” I heard on Fox OPEC is having an emergency meeting because of the drop in demand of oil and that they will probably cut back on production to drive the prices up again. We need to drill for oil here at home and develop other energy sources asap!


50 posted on 10/09/2008 5:08:21 PM PDT by sheikdetailfeather (DRILL HERE! DRILL NOW!)
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To: DGHoodini

Bush’s Fault!


51 posted on 10/09/2008 5:11:42 PM PDT by Disambiguator
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To: ken21

Lowest price in Bend, Oregon today was $3.43.


52 posted on 10/09/2008 5:12:30 PM PDT by happydogx2 (Some trust in horses, some trust in men, but my trust is in the Lord Almighty!)
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To: rurgan

The price of oil is going down because of the fall in the stock market genius. As the dow recovers, if it ever does again, the price of oil will rise along with it because of how tied oil is to the stock market now and mostly because of speculators. Not exactly comforting when our economy has to plummet like this in order to get under $3.00 a gallon for gas. Where I live, it’s still well over $3.00 as well.


53 posted on 10/09/2008 5:12:34 PM PDT by LaurenD
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To: happydogx2

amazing.

oil co people have told me that i 5 from mexico to canada

is a tourist area, so the price of gas is more.


54 posted on 10/09/2008 5:14:52 PM PDT by ken21 (people die and you never hear from them again.)
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To: Grunthor

CNG, CNG, CNG, .........no more oil, no more in the stranglehold of Middle East crooks.


55 posted on 10/09/2008 5:15:09 PM PDT by Melinda
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To: ken21

“oil co people have told me that i 5 from mexico to canada

is a tourist area, so the price of gas is more.”

Bend is 85 miles east of I-5 in the high desert. Cascade Mountain range is btn I-5 and Bend.

Gas is much cheaper over in “the valley”.


56 posted on 10/09/2008 5:26:03 PM PDT by happydogx2 (Some trust in horses, some trust in men, but my trust is in the Lord Almighty!)
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To: happydogx2

so why is it so expensive there?

i’m in the low desert.

we have no oil wells nor refineries within 100 miles.


57 posted on 10/09/2008 5:27:54 PM PDT by ken21 (people die and you never hear from them again.)
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To: Grunthor

2.90 here


58 posted on 10/09/2008 5:30:04 PM PDT by mylife (The Roar Of the Masses Could be Farts)
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To: ButThreeLeftsDo

They all agree to decrease production, they they all proceed to cheat because they are so greedy.


59 posted on 10/09/2008 5:30:52 PM PDT by Boiling Pots (Wright, Ayers, Alinsky, ACORN and Odinga - Attack!!)
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To: mylife

$2.90-$3.20 here in Central Jersey.


60 posted on 10/09/2008 5:31:52 PM PDT by Clemenza (PRIVATIZE FANNIE AND FREDDIE! NO MORE BAILOUTS!)
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