Oil prices fall on demand fears-( real stimulus package)

afp | 1/21/08 | afp

[DGHoodini]

OK, so I got the particular price point jump wrong, it’s still no less valid a point that the price spiked in double digits, on more that one occasion...in a matter of days.

Nor does it obviate that the present price of oil, has not only a 30 to 40 dollar war premium built in, but production and re4finery shortfall premiums built in, that farr exceede the lokely market reality, and that a precipitous price drop.,, is not such an outrageous thought, and that a mere less that $2 price fluctuation doesn’t mean a hill of beans to anyone other than speculators and day traders.

[thackney]

price spiked in double digits, on more that one occasion...in a matter of days.

I provided you the data source, would you point out the dates when that happened?

I do see it dropped almost $10 from Nov 23 to Nov 30. But I haven't seen a price change of at least $10 in less than a week.

Also, war, production and refinery rates is market reality.

[Nevermore]

Here’s an interesting question to ponder: would the liberals be in favor of allowing Communist countries to come in and drill in ANWR? I bet they would.

That is an interesting proposition. Perhaps we could invite ChiCom investors to develope ANWR, then after the whole operation is up and running, nationalize it, then sell the assets to US oil companies - or maybe let them keep it but slap a big oil export tax on it?

[DGHoodini]

I admit the data does not support my memory of how long it took. I await to see it take 6 weeks...oe even 6 months.

As far as “realities”..what is, wasn’t, And what is, is not what it will always be.

[thackney]

As far as “realities”..what is, wasn’t, And what is, is not what it will always be.

Yep, changes in the market conditions and the associated price. About the only guaranties you can get in the oil business is that it is going to to keep changing.