It looks a whole lot better than that does.
I'll take record-low crude prices and this.
But want to see lower, something closer to this
Posted on 01/07/2009 4:23:49 PM PST by dynachrome
“north of Detroit’
I used to be, (about 300 miles north) dunno if I could take those winters anymore.
Reno, NV $1.89
Petaluma CA = $1.79
$1.29 in Conifer, CO
St Louis, MO $1.57
It looks a whole lot better than that does.
I'll take record-low crude prices and this.
But want to see lower, something closer to this
$400 oil. Go long!
O have no idea, but I do know that the price of gas has jumped 15cents a gallon since Monday.
http://theoilcard.com/
Interesting book on how we have (and continue?) to manipulate prices as a weapon -- which may have contributed more than anything else to the downfall of the Soviet Union.
I have not read the book. I did hear a long interview with the author.
He pointed out something very interesting vis-a-vis our forces invasion of Iraq. Red China and Saddam had an agreement that virtually gave the Commies total access to Iraqi oil.
The Commies are back but this time it's merely as a vendor with a service contract.. there won't be an army of thousands moving in to "take over."
Iraq Poised to Revive Oil Contract With China By CAMPBELL ROBERTSON August 19, 2008
$1.63, Austin.
Yup...And, the windows cleaned, oil checked and the air in the tires checked too.
So can I expect to see the latest $.25/gal price increase in diesel the past 4 days, disapear when I bring in my truck tomorrow?
.... yeah, I thought not.
ALL commodities got hammered today, including food.
$1.45 today in Phoenix, AZ
As long as it is the US using it as a weapon, no problem. Chavez? Putin? Hammer ‘em!
$1.99 per gallon tonight (regular unleaded, ~ last week it was $1.40) in Indianapolis, In. Also Bloomberg shows a small increase in price today.
http://www.bloomberg.com/markets/commodities/cfutures.html
Every time oil goes past a certain point, we see that blurb, or it's opposite: a U.S. government report showed crude inventories were lower than estimated. You can see it in the headlines on MarketWatch whenever energy leads the markets.
IMO- invest in DUG@ $22, sell @ $28
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