Oil, and Gas prices have been dropping for a while it seems, but why

[Lowexpectations]

Originally Posted by lchoro

It's technically never earned a real profit (like Amazon, it looks like a economic restructuring story).

Are you suggesting Amazon has never earned a real profit?

[lchoro]

Once you back out the expenses that they write off, probably not. They get to write off very large accelerated expenditures for capital investment and share buybacks that are reported on income statements to the IRS but not to Wall Street.

[SuiteLiving]

Originally Posted by lchoro

Once you back out the expenses that they write off, probably not. They get to write off very large accelerated expenditures for capital investment and share buybacks that are reported on income statements to the IRS but not to Wall Street.

Share buybacks are deductions? In what accounting world does that happen? And since when are income statements reported to the IRS instead of tax returns? Does Wall Street now get the tax returns and the IRS the GAAP income statements?

[C24L]

well oil dropeed by more than 30 percent because Saudi Arabia is ramping up production.

[Hemlock140]

I just heard on the news: a price war between Russia and Saudi Arabia. Prices at the pump should drop significantly in the next week.

[StealthRabbit]

I have a good idea who will win this price war (and it will not be the consumer).

This battle has been fought before.

[NJ Brazen_3133]

Just checking Yahoo Finance today, and the changes for energy sector are all positive. Perhaps its picking back up and again, and all the hoopla is just panic.

[zugor]

Originally Posted by Hemlock140

I just heard on the news: a price war between Russia and Saudi Arabia. Prices at the pump should drop significantly in the next week.

Gas at my local station just dropped 20 cents a gallon, down to $1.89 for regular with ethanol. That's the lowest it's been in the 14 years I've lived here.

[C24L]

West Texas Intermediate was in the 20's on monday.