Oil plunges below $51( Saudi is flodding the market )

http://money.cnn.com/2007/01/16/markets/bc.markets.oil.reut/index.htm?postversion=2007011615 ^

[SomeoneNeedsToSayIt]

LONDON (Reuters) -- Oil prices plunged more than 3 percent back near $51 a barrel Tuesday after Saudi Arabia said OPEC production cuts were working well and that there was no need for an emergency meeting of the producer group.

[SomeoneNeedsToSayIt]

The folks in Saudi are worried about Iran and they are flooding the market with oil before Bush hammers Iran.

We've got so many subs in the area we are running into surface ships!

[ASA Vet]

You might wish to ask the mod to correct your title spelling.

[Enosh]

This is an example of why commentary in the headline is not a good idea.

[50sDad]

Two words..."Alternate Energy".

When I was a kid during the laughable "energy crisis" (there was pleanty of energy...OPEC was just sitting on it) things looked like America might get off it's fat backside and actuall do things to bring us out from under the domination of the sand fleas...and suddenly, the embargo was over.

I pray to God we are still moving ahead in the Oil Shale project.

[najida]

I love the smell of flodd in the morning!

[RayStacy]

for later

[Lijahsbubbe]

Flodding? Why, I haven't heard of anyone flodding for ages! Someone has to put a stop to this. This is outrageous.

[edcoil]

Need to stop this alternative energy movement in the USA.

[lexington minuteman 1775]

WE ARE DOOMED! We are being FLODDED!

[Ieatfrijoles]

I was reading SF Chron. archives today of June-75 where experts had predicted Iran's oil to wane in 1990. I don't know what to believe.

[Diddle E. Squat]

Oil plunges below $51( Saudi is flodding the market )

Exactly which Saudi is flodding the market?

C'mon, tell us, someone needs to say it!

[Mr. K]

When is the "world court" going to do something about price fixing and break up the OPEC monopoly?

[Lijahsbubbe]

Alright, I'll say it, time to get out the beeber.

[Lijahsbubbe]

LOL

[Mr. K]

I'm stuned~! stuned I tells ya'~!

[BuglerTex]

Exactly which Saudi is flodding the market?

The Flodder from Pfluegerville.

(Apologies to the Austin Lounge Lizards.)

[EQAndyBuzz]

It is "Flogging the Market"

We should build a couple of refineries. That should drive everyone into a tizz.

[FreeKeys]

You can't be series. Can yuou?

[Fixit]

Dang, you beat me to it!

[Old Professer]

What are you going to do if he doesn't, floog him?

[nevergore]

I think flodding is illegal......especially in public......and definitely if it also involves your beeber......

[savedbygrace]

For the most current model, Flod is just below Stune on the Beeber front control panel.

[Made In The USA]

All your flodding are belong to us.

[JerseyHighlander]

Unambiguous move by OPEC to undercut any further development in the Canadian oilsands projects.

Most oilsands projects have break even costs between US$35 and $45 per barrel.

[EQAndyBuzz]

"The Flodder from Pfluegerville. "

The Pfluegerville Flodders? Do they play at Chapparal Ice?

[Brilliant]

Maybe they are simply trying to undercut the Iranian price to put pressure on the Iranians.

[Lijahsbubbe]

Darn right it's illegal. Which is why we don't see much of it. Downright dangerous too.

Any use of flodding is unconscionable unless used only as a last resort.

[FReepaholic]

Perhaps we should look into flod insurance.

[ichabod1]

And require ethanol! Somebody needs to mandate that.

[ichabod1]

loosers all of ya.

[Yo-Yo]

( Saudi is flodding the market )

Couldn't be the (up until this past weekend) the very mild winter in the Midwest and Northeast that has demand for heating oil at near an all time low?

[OSHA]

WE ARE DOOMED DOMMED! We are being FLODDED!

Please try to remain clam.

[RightWhale]

My board shows $51.16 and that is the cheapest futures contract.

[al baby]

I Why am I a loser ? I get pinged to this thread to be
insulted. Sad very sad

[thackney]

How is reducing production by over 500,000 BPD flooding the market? Saudi Arabia has agreed to and already made the biggest production cuts since Nov.

[agrace]

LOL, I was just thinking this morning how I haven't read a really good hugh and series thread on FR in a while, and was reminiscing fondly about stuned beebers, so this thread is really making me smile.

[Lucas McCain]

This is hugh! Seriesly flodding!

[<1/1,000,000th%]

Oil prices plunged more than 3 percent back near $51 a barrel Tuesday after Saudi Arabia said OPEC production cuts were working well...

OPEC has been cutting production and the price is still falling?

I'm sure it's not because things have stabilized in Iraq to the point where oil production has become consistent.

Isn't demand from China sucking up the entire world's crude oil supply? /sarcasm

[ichabod1]

Sorry, I was just playing the common error of typing "looser" and thinking it's equivalent to "loser", for grins. Technically I did NOT call you a 'loser' I called you a 'looser'.

No offense intended.

[Centurion2000]

WE ARE DOOMED DOMMED! We are being FLODDED!

Please try to remain clam.

[reagan_fanatic]

Don't people go blind from too much flodding?

[Bigh4u2]

That's the way it's spelled in 'Old English'.

http://en.wiktionary.org/wiki/flod

[RightWhale]

That is funny. Clam is the old latin word: means quiet.

[Airborne Longhorn]

I'm trying to remain clam, too...

...but here in Houston...

...We're DOMED!!!

(sorry if your teeth are grinding...)

[r9etb]

"Senator Dole in WNC following Hurricane Frances
Senator Dole surveys flodding damage in Western North
Carolina following Hurricane Frances."

[LowOiL]

Flod does equal flood... good find..

[ASA Vet]

Nope, flooging is only for posters who don't enjoy it.

[Lijahsbubbe]

Seems like a good day for a good laugh. :)

[JOE6PAK]

Somebody say FLOOD?

[Lijahsbubbe]

Don't people go blind from too much flodding?

They just told you that so you wouldn't flod.