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Hissyspit (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 03:50 PM Original message |
Oil Prices Plunge 10 Percent After House Defeats Bailout |
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CatholicEdHead (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 03:51 PM Response to Original message |
1. Much lower demand expected |
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tridim (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 03:52 PM Response to Reply #1 |
2. Don't worry, China will buy and burn the excess. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 05:50 PM Response to Reply #1 |
8. Investors dumping the speculative commodities and stocks and flocking to safety in Gold & Treasuries |
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ohio2007 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:04 PM Response to Reply #8 |
12. the bubble was due to burst in september. lucky congress didn't step in to prop up the market |
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Xenocrates (183 posts) Send PM | Profile | Ignore | Mon Sep-29-08 04:09 PM Response to Original message |
3. Its going to drop much lower than that, and OPEC can't do a thing to stop it |
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ohio2007 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:07 PM Response to Reply #3 |
14. Viva OPEC........... MUuu ha ha ha haaaaaa |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 04:14 PM Response to Original message |
4. perhaps the ponzi scheme has been killed |
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Mugweed (939 posts) Send PM | Profile | Ignore | Mon Sep-29-08 05:48 PM Response to Reply #4 |
7. Yup |
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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 04:17 PM Response to Original message |
5. Oh, I'll be looking forward to that cheaper gas now, right? |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 05:56 PM Response to Reply #5 |
9. Oct. RBOB down to $2.397. Retail (for me) used to be 50-60 cents above that. HA! |
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ibegurpard (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 05:58 PM Response to Reply #5 |
10. Very foolish and short-sighted statement |
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Ian David (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 04:18 PM Response to Original message |
6. I just ordered home heating oil for tomorrow. Should I re-schedule? n/t |
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ibegurpard (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 05:59 PM Response to Original message |
11. Cheaper oil prices will help against inflation |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:05 PM Response to Original message |
13. Helping out Main st already. We are down to 3.60 here in West Michigan. |
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ohio2007 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:16 PM Response to Reply #13 |
17. $3.31 in northern Ohio |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:35 PM Response to Reply #17 |
19. 3.39 in NE Ohio. n/t |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:37 PM Response to Reply #13 |
20. As a friend of mine mentioned- somewhat cheaper gas won't mean much |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:38 PM Response to Reply #20 |
21. It will mean a lot to the trucking companies who deliver the groceries to your local store. |
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ibegurpard (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:39 PM Response to Reply #21 |
22. Absolutely |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:41 PM Response to Reply #21 |
24. True, but if companies can't get short term financing |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:07 PM Response to Original message |
15. Excellente!! I hope the speculators go bankrupt. |
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ohio2007 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:14 PM Response to Reply #15 |
16. Their fortunes were all on paper anyway so |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:40 PM Response to Reply #16 |
23. They are the problem, privatizing profits at every turn and |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Mon Sep-29-08 06:22 PM Response to Reply #15 |
18. Under a hundred a barrel closed at 99 |
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