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tallen702 
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Hipster before Hipster was cool... Joined: 10 June 2002 Location: Under Your Bed Status: Offline Points: 11857 |
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 Topic: Oil:Posted: 11 September 2008 at 12:00pm |
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Is down to $97/barrel as of this morning's trading.
Discuss. (note: price will fluctuate from the "Brent Spot" of $97) Edited by tallen702 - 11 September 2008 at 12:01pm |
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<Removed overly wide sig. Tsk, you know better.>
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Rambino
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I am even less fun in person Joined: 15 August 2002 Location: United States Status: Offline Points: 16593 |
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Posted: 11 September 2008 at 12:03pm |
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My theory, based on very little: The price was artificially over-inflated by speculation and hysteria, and is now being correctly adjusted by the market. We should see some stabilization over the next couple of months. |
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[IMG]http://i38.tinypic.com/aag8s8.jpg">
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Benjichang
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I pwned Leroy Jenkins! Joined: 03 January 2004 Location: Ohiya Status: Offline Points: 12618 |
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Posted: 11 September 2008 at 12:09pm |
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Yee-haw.
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 irc.esper.net #paintball |
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holysmartone
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Posted: 11 September 2008 at 12:14pm |
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Then why did I pay $3.95 a gallon for it.
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Skillet42565
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Posted: 11 September 2008 at 12:25pm |
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Because you need it and they know you do. |
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Mack
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Has no impulse! control Joined: 13 January 2004 Location: 2nd Circle Status: Offline Points: 9906 |
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Posted: 11 September 2008 at 12:25pm |
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That's part of it, but he also paid that amount because he was willing to. |
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holysmartone
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Posted: 11 September 2008 at 12:27pm |
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Do I have any other choice? |
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mbro
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Posted: 11 September 2008 at 12:37pm |
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Don't blame me, I voted for Kodos. |
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You Wont See Me
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Posted: 11 September 2008 at 12:41pm |
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many |
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A-5
E-Grip JCS Dual Trigger DOP X-CORE 8 stage x-chamber Lapco Bigshot 14" Beadblasted Optional setup: R/T Dead on Blade trigger |
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Reb Cpl
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Has to say "yes" to "are you a cop?" Joined: 10 June 2002 Location: United States Status: Offline Points: 14210 |
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Posted: 11 September 2008 at 1:04pm |
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I'm amused at how quickly gasoline and home heating prices skyrocketed as the price of oil shot up- but as the price of oil falls, gasoline stays stagnant, or if it does fall, its a pretty sluggish drip from where we were. I'm still paying $3.84 here, and it hasn't moved in about two weeks.
You can't tell me at this point that the high gas prices aren't at least partially influenced by oil companies looking to fatten their wallets. There just doesn't seem to be a direct correspondence between oil prices and gasoline prices when the oil goes on a downward turn. |
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?
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Reb Cpl
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Posted: 11 September 2008 at 1:05pm |
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And I know we've had this discussion before, but contrary to popular belief, not all of us have 'options' against paying high prices for gas. YOU try living half an hour from the nearest grocery store, where 'public transportation' means picking up a hitchhiker.
See how many options you have. |
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?
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brihard
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Posted: 11 September 2008 at 1:06pm |
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LOL... I've been watching some of my commodities-based
mutual funds literally plummet in the past few weeks. Silly free market economy. 
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"Abortion is not "choice" in America. It is forced and the democrats are behind it, with the goal of eugenics at its foundation."
-FreeEnterprise, 21 April 2011. Yup, he actually said that. |
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Skillet42565
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Posted: 11 September 2008 at 1:24pm |
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Gas is 3.60 here. I expect it to drop a decent amount.
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jmac3
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Posted: 11 September 2008 at 1:25pm |
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gas is 3.45 here, and has been for a week or so.
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Que pasa?
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oldpbnoob
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Posted: 11 September 2008 at 1:46pm |
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Supposedly part of the reason the prices have not dropped as quickly at the pump as the barrel price has, is because the refineries did not pass on the entire costs when the prices jumped. They are now attempting to recoup their 'losses" by artifiicially keeping the pump price high. Sounds like a load of crap to me, but that is what the media is reporting here. |
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"When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter.
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Rustic
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Posted: 11 September 2008 at 2:25pm |
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Yeah, that does sound like bunk to me. What would keep them from passing on the costs when price per barrel was high? There wasn't much of a reason to. |
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pntbl freak
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Posted: 11 September 2008 at 3:02pm |
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It was $4 here at school and about an hour north back at home it was around 4.10
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PaiNTbALLfReNzY
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Posted: 11 September 2008 at 3:19pm |
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They should make a car that runs off of poop.
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evillepaintball
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Posted: 11 September 2008 at 3:27pm |
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its still 3.95 here. I haven't put gas in my car in
over a month, which is why i love living on campus and having a bike. unfortunately now i have to commute to another local college for one of my classes. its about a 15 minute drive one way and i have to make it once on monday and friday and twice on wednesday. |
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Predatorr
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Posted: 11 September 2008 at 3:27pm |
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Public transportation and riding my bike because I'm at college.
FTW. |
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holysmartone wrote: