g almost like its matching interest rate drops
hmmm
Can we doing something about our bottoming dollar now?
That’s no big deal. After we find out how many nukes Iran will have and distribute to Syria, Sudan and other countries soon, then oil will go high. ...consequence of our lack of will to fight and penchant for employing enemies instead of Americans.
I am hard pressed to understand why a fire involving natural gas would affect the price of oil.
Of course, to the layman, gas and gasoline are the same thing. But traders should know better.
Let’s spend even more, borrow even more, and keep cutting interest rates! It’s working great!
Boone Pickens told the Energy Summit here in Houston today that oil may be $150/bbl in the not too distant future.
His $100/bbl prediction from last year, ridiculed by many at the time, has already materialized.
What would a recession do to the price of oil?
It would be nice if an alternative fuel other than methanol was available, or some magic pills you add to water that your engine can run on.
This will have some profound effects in the near future as people are going to go nuts about the higher cost of fuel, figuratively I am not worried, on average I use 25 gallons a week commuting, at a 40 cent increase its only $10 more, so I buy two packs less of cigarettes, or 3 less beers after work per week.
How about we stop pumping 70000 barrels into the ground.
You have to figure at least 10% of that leeches off.
I’m not saying the SPR isn’t important, but sheesh, at some point having a little more doesn’t mean anything. We have 60 days or so of oil...weee...big deal. If we can’t provide oil going forward, people will adjust and the world will change. The point to remember however is that a non-renewable resource is a short term fix. We’ve got enough short term in the SPR.