So a barrel of oil is at the price of what a fill-up cost me a few months ago.
And this is a bad thing why?
“...its lowest settlement since April 2009.”
Reminds of that BTTF song, “Back In Time” by Huey Lewis and The News.
https://www.youtube.com/watch?v=ZXN6tgE4g_4
The last and only time oil dropped this far this fast was back in 2008. The economy crashed and Leftists elected a messiah.
Spot or futures?
this is great! now I can finally afford to buy a 2014 Camaro!
“I’m still saying $28 a barrel for oil when the speculators start to bail. They can only hold the price artificially high for so long.
7 posted on 7/15/2005, 12:03:41 AM by PAR35
http://www.freerepublic.com/focus/news/1443335/posts?page=7#7";
It’s taking a bit longer than I thought that it would. But we seem to be heading that direction finally.
Obviously the only solution is to increase the gas tax by $2.00 a gallon.
Someone call John Thune.
Between expanded US production, that US$400 billion deal between China and Russia that may include oil production in eastern Siberia, and increasingly strict fuel economy mandates around the world for motor vehicles, this would result in a major glut of petroleum in a few years.
Have diesel prices started down. It’s getting time for me to replenish my supply.
Time to start stocking up.
Enjoy the short term prices. Once the Muslums drive out the highly-leveraged operators in America, the prices will go higher than they were before. You can count on it. That is their end game.