let us hope the speculators get their nether regions burnt to a crisp
Up like a rocket; down like a feather.
For later reading.
IN LETTER, ORACLE ADMITS TO ERRORS IN WORST-EVER '08Warren Buffett admitted to doing some "dumb things" in 2008 - the worst year for Berkshire Hathaway in the 44 years he has run it. A brutal stock market decline amid a teeth-gnashing recession pushed Omaha-based Berkshire to a 96% drop in profits, its fifth straight quarterly earnings decline. Buffett, known as the Oracle of Omaha for his decades-long record of picking value investments, said buying ConocoPhillips shares when gas and oil prices were at their peak was perhaps the dumbest move in 2008. Berkshire bought 84.9 million shares at $82 a share - it closed Friday at $37.25, Buffett's paper loss was $2.6B. "I still believe the odds are good that oil sells far higher in the future than the current $40-$50 [per barrel] price," Buffett wrote... "But so far I have been dead wrong." ...... Buffett explained to shareholders his investment philosophy - ".....pessimism is your friend, euphoria the enemy".........
I’m so glad gas is at $2.59. It’s never been lower....uh wait...
I’ll tell you why. Its because I recently invested a bunch in oil and oil drilling stocks. Never fails.
Don’t get too excited. If gas prices come back down, that will just encourage Obama to start looking at increasing gas taxes again. Low gas prices are not conducive to his agenda.
huh? It’s up a good fifty cents over two weeks where I live
I hope the bubble bursts big time by Monday. We’re going on vacation, and its 400+ miles one way...
Must be true. The price of gas here in Louisville went UP $.12 - $.20 this morning.
There’s not enough consumer demand to support gas approaching $3 a gallon. Glad to see the markets are finally reflecting that reality.
No, AP cheer leading for Obama. AP never predicted a trend on one day's positive news when any Republicans were in charge.
Was $1.39 earlier this year when Bush was in office.