Oil Closed Below $130 A Barrel

[Kathianne]

Hmmm, reason why? Increased US production. And why would that be? Could Nancy the powerhouse be wrong?

http://biz.yahoo.com/ap/080717/oil_prices.html

[avatar4321]

i think we will see more of a drop. Im not sure how far the drop will go. But I just cant see this sustaining itself at this level.

[Classact]

i think we will see more of a drop. Im not sure how far the drop will go. But I just cant see this sustaining itself at this level.Oil prices will continue to drop if it looks like America will go tits up. It drops because if America stops consuming it will cause bleeding across the rest of the world that depends on our consumption.

There is a storm just below Haiti that could develop into a tropical storm/hurricane by Monday so watch the weather and the Brazil oil workers strike to see where the market will go.

Check this red cloud out... http://www.intellicast.com/Storm/Hurricane/CaribbeanSatellite.aspx

[remie]

And by the way, since the price of crude has dropped 11% in the last three days, why am I still paying the same price at the pump. Prices certainly dont waste any time going up when crude goes up.....just sayin

[Gaffer]

And by the way, since the price of crude has dropped 11% in the last three days, why am I still paying the same price at the pump. Prices certainly dont waste any time going up when crude goes up.....just sayin

My thoughts too. They were talking about it yesterday on the news and said the prices take about 30 days to go down. I know for a fact they can go up over night. If they can go up that fast they can come down that fast.

[Yurt]

My thoughts too. They were talking about it yesterday on the news and said the prices take about 30 days to go down. I know for a fact they can go up over night. If they can go up that fast they can come down that fast.

exactly, because the gas/oil companies buy the oil in futures so the oil at the pump today is the price paid a few months or more ago...but they only tell you that when the price goes down, if oil shot up $5 today, you would pay 50 cents more tomorrow morning

[avatar4321]

And by the way, since the price of crude has dropped 11% in the last three days, why am I still paying the same price at the pump. Prices certainly dont waste any time going up when crude goes up.....just sayin

Ive seen prices drop already. They are almost below $4 again in some places around here.

[namvet]

Hmmm, reason why? Increased US production. And why would that be? Could Nancy the powerhouse be wrong?

http://biz.yahoo.com/ap/080717/oil_prices.html


Could Nancy the powerhouse be wrong?


she is a midol addict


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