Oil price drops below $49 mark ($48.82 down from $55.17 high on Tuesday)

Houston Chronicle ^ | November 5, 2004 | GEORGE JAHN, AP

[aardvark1]

Here in the Northeast where we use heating oil for our furnaces, $2+ per gallon may be a survival issue for many people. A drop of any kind is good, another $15 would be truly good news.

[been_lurking]

I suspect that George Soros has lost more than the reported $17 million that he put into his infamous get out the vote efforts.

It seems he may have lost a bundle on those oil futures as well. HeHeHe.

[EGPWS]

Traders speculated over what President Bush's re-election would mean for energy policy,

Case closed!

[toomanygrasshoppers]

I paid $1.78 a gal. in Gilmer, Texas yesterday. In NE Texas it usually runs about $1.87 a gal. I think we will see prices get back in the $1.70's range by the end of the year.....Hopefully.

[Richard Kimball]

Soros was the first one to sell the oil futures. I'll bet he made a bundle, and the Euroweenies that he talked into helping him took the bath.

[mvpel]

You're lucky, at least, that you have oil heat - I'll probably be paying 2.5 to 3 times as much per gallon to run our propane furnace, for half the heat content per gallon than heating oil.

[JasonC]

Kaboom. It'll be below $45 by the end of the year, $30 by the end of next summer (with victory clearly on the way in Iraq).

[bandleader]

This whole thing was ALL about who would win The Presidency!These oil prices have been ARTIFICIALLY inflated by a few traders!!First it was the trouble in Venezuela,then it was hurricane season,then it was the Russian oil co!!!!!You know what,it's all a great load of HORSESH*T to shake us down!!!!!!!!!!!!!!!

[bandleader]

Because it NEVER belonged where it was!!!!!!!!!!!!!!!

[bandleader]

That's Right!"W" Took The Gloves Off Yesterday!!!!!!!!!!!!!!

[bandleader]

PLENTY!!!They thought they could use RIDICULOUSLY high oil prices to defeat"W"!!!!!!!!!!!!!!

[bandleader]

I think he made that ABUNDANTLY clear yesterday!!!!!

[bandleader]

Mega Dittos to that!My oil contract for this season is almost 50% higher than last year's!!!!!!!!!!

[Cincinatus' Wife]

He was great!

[4CJ]

Hehehe. And he lost his [bleep] on the Canadian, Aussie and New Zealand dollars. Hohoho...

I think he got wind that some Texas Freeper was going to clean his clock ... ;o)

[Terabitten]

sure hope this price drop starts showing up at the pumps

I'm with you. When can we expect to start seeing this at the pumps?

[Terabitten]

I think we will see prices get back in the $1.70's range by the end of the year.....Hopefully.

Yeah... but it was a buck twenty before we invaded Iraq (not trying to make any connection, just for timeline purposes.)

[Ff--150]

"I think he got wind that some Texas Freeper was going to clean his clock ... ;o)"

1. Lavish increase of incomes!
2. Multiple floods of cash flow!
3. Supernatural debt-cancellation!
4. Thousandfold return on seed sown.