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Old 12-04-2008, 08:25 AM
 
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Oil going below $25 next year - $1 gas next?

Bloomberg.com: Worldwide

 
Old 12-04-2008, 08:40 AM
 
Location: PA
5,560 posts, read 4,974,928 times
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Well I can aleast see something good of the economic turn down.
Of course if I'm jobless it wont matter that much.
 
Old 12-04-2008, 08:49 AM
 
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Quote:
Originally Posted by LibertyandJusticeforAll View Post
Well I can aleast see something good of the economic turn down.
Of course if I'm jobless it wont matter that much.
Good for the cabbies! LOL!
 
Old 12-04-2008, 09:02 AM
 
Location: Sacramento
13,784 posts, read 23,803,102 times
Reputation: 6195
Too low, price should really settle in at around $70.

However, in the short run I'm all for it. A year or so of this should just about tank Russia and Venezuela.
 
Old 12-04-2008, 09:06 AM
 
7,020 posts, read 10,120,375 times
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Quote:
Originally Posted by freefall View Post
Oil going below $25 next year - $1 gas next?

Bloomberg.com: Worldwide
It's a temporary adjustment and a routine middle eastern ploy to lure us back into complacency. It happens every time America starts sounding remotely serious about researching alternatives to the use of their oil.

Here's hoping that what's left of our auto industry begins to realize that it's time to get serious about alternative fuels and efficiency.
 
Old 12-04-2008, 09:09 AM
 
Location: Raleigh, NC
9,043 posts, read 11,595,678 times
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Quote:
Originally Posted by freefall View Post
Oil going below $25 next year - $1 gas next?

Bloomberg.com: Worldwide
Yes, we can have our cake and eat it too. $7 trillion dollars for a bailout and that money will NEVER materialize on the other end. Cash can be king and we can still print all the money we want. What a world!

Not.
 
Old 12-04-2008, 09:15 AM
 
Location: Sacramento
13,784 posts, read 23,803,102 times
Reputation: 6195
Quote:
Originally Posted by ViewFromThePeak View Post
Yes, we can have our cake and eat it too. $7 trillion dollars for a bailout and that money will NEVER materialize on the other end. Cash can be king and we can still print all the money we want. What a world!

Not.
As a sincere question, I know you had a lot of postings about $200+ oil and the concept of "peak oil".

In your view, what do you think has happened relative to the peak oil perspective, how does it dovetail with what is currently happening in the markets?
 
Old 12-04-2008, 09:24 AM
 
34,990 posts, read 34,737,971 times
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I read that OPEC will attempt to reset the price to $75 when they reconvene December 17.
 
Old 12-05-2008, 09:08 AM
 
2,539 posts, read 2,380,602 times
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Quote:
Originally Posted by delusianne View Post
I read that OPEC will attempt to reset the price to $75 when they reconvene December 17.
Is it just a coincidence that the price of gas starts plummeting when Bush is about to leave office - no more price fixing talks with the Bin Ladens in play?
 
Old 12-05-2008, 09:11 AM
 
Location: Chicago, IL
8,998 posts, read 13,101,849 times
Reputation: 3536
Can we merge the two $1 gas threads?
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