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Oil is below $80/barrel

mannybolonemannybolone Los Angeles, CA 15,025 Posts
edited October 2008 in Strut Central
Damn, that was fast.

  Comments

  • shooteralishooterali 1,591 Posts
    Gas prices at lowering also.b,121b,1213.19 to 3.49 here in Georgia but take a look at your gas bill this year. It's going to be very expensive to heat your home this year.
  • kalakala 3,361 Posts
    rightb,121i paid 2.88 a gallon in the hood yesterdayb,121which reinforces my sneaking suspicion that the price spike and shortages in the south were engineered/bogusb,121at one point i saw 4.65 in CT per gallon
  • The_NonThe_Non 5,691 Posts
    Shortages were a shortage of clean burning gasoline because Atlanta/The South has a lack of public transport and drives too much/pollutes too much.
  • shooteralishooterali 1,591 Posts
    /font1
    font class="small"1Quote:
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    h,121
    b,121Shortages were a shortage of clean burning gasoline because Atlanta/The South has a lack of public transport and drives too much/pollutes too much.
    b,121
    b,121
    h,121
    font class="post"1b,121b,121You are so right....and MARTA sucks by the way.
  • The_NonThe_Non 5,691 Posts
    The VA/DC subway is nice, but not enough people use it. It might also be nice BECAUSE not a lotta people use it.
  • phongonephongone 1,652 Posts
    Not for long...Dudes at OPEC will squash that and cut supply by November.b,121b,121a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aEUInQBYuqCU&refer=home" target="_blank"1http://www.bloomberg.com/apps/news?pid=20601087&sid=aEUInQBYuqCU&refer=home
  • Mad Drama TeacherMad Drama Teacher 1,985 Posts
    The only conspiracy I believe in is oil prices.b,121b,121We're at $2.99, down from $3.89.b,121b,121I remember some idiot conservatives defending the oil industry (why would anyone ever defend them, BTW?) by saying that the cost of gas prices was due to not having enough refineries or some such nonsense.
  • luckluck 4,077 Posts
    /font1
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    h,121
    b,121
    /font1
    font class="small"1Quote:
    /font1
    h,121
    b,121Shortages were a shortage of clean burning gasoline because Atlanta/The South has a lack of public transport and drives too much/pollutes too much.
    b,121
    b,121
    h,121
    font class="post"1
    b,121
    b,121You are so right....and MARTA sucks by the way.
    b,121
    b,121
    h,121
    font class="post"1b,121b,121Agreed. Hell, they only built half of it for the Olympics so the rich folks in Alpharetta could get around.
  • GnatGnat 1,183 Posts
    /font1
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    h,121
    b,121The only conspiracy I believe in is oil prices.
    b,121
    b,121We're at $2.99, down from $3.89.
    b,121
    b,121I remember some idiot conservatives defending the oil industry (why would anyone ever defend them, BTW?) by saying that the cost of gas prices was due to not having enough refineries or some such nonsense.
    b,121
    b,121
    h,121
    font class="post"1b,121Every election. Doesn't take a f#cking genius...$hit is DISGUSTING.
  • edpowersedpowers 4,437 Posts
    Like i said months ago....Gas prices would take a nosedive right before the holidays.....b,121b,121It's all bullshit....all of it
  • motown67motown67 4,513 Posts
    The gas price hike was a bubble. Listen to the analyst and they'll tell you that half of the price is set by expectations of what demand will be compared to what they think supply is. They in fact, have no exact number for how much oil is actually produced in the world so it is all guess work, and basically whatever becomes the conventional wisdom amongst traders. That plus the dollar tanked, which also made the price go up. NOw they're dropping because everyone expects the recession to be pretty bad which means demand will drop for goods, and for gas as well.
  • kicks79kicks79 1,337 Posts
    shame the aussie dollar is at 64 us cents. Means the price of oil has actually gone up for us. Time to pull my bike out of the shed.
  • theory9theory9 1,128 Posts
    OPEC is notoriously cagey about releasing details, as well as what their total reserves are.
  • Ex-BoyfriendEx-Boyfriend 795 Posts
    Some of you appear to have a phobia of thinking.
  • bludgerbludger 32 Posts
    A few months ago Citi predicted oil would drop to $50 by the year end, at the same time GoldmanSachs predicted it'd hit $150.
  • GaryGary 3,982 Posts
    /font1
    font class="small"1Quote:
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    h,121
    b,121Some of you appear to have a phobia of thinking.
    b,121
    b,121
    h,121
    font class="post"1b,121b,121Shouldn't your avatar be posing in front of a british flag?
  • BurnsBurns 2,227 Posts
    I've seen a range from 2.78 to 3.24, all within a 20 mile radius, that's what is corrupt, the wide range of bullshit across the board.
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