U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-17-2008, 05:01 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,901,138 times
Reputation: 3587

Advertisements

Quote:
Originally Posted by bchris02 View Post
Hopefully this drop can be sustained and isn't short-lived like the last two have been. There is more at work behind the oil prices than we are lead to believe. I am just guessing, but I fully expect oil to go lower than anybody anticipates as the election approaches.
The election has really not much to do with it. It just so happens that Election Day- at the start of November- is also right at the low point of gas prices. This occurs every year- election or not. Gas begins to fall after the summer driving season ends and demand falls. It falls until it hits a low point in mid November before the holiday travel season kicks off and demand goes back up.
Reply With Quote Quick reply to this message

 
Old 07-17-2008, 05:03 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,403,590 times
Reputation: 4544
Quote:
Originally Posted by TexianPatriot View Post
dude, your predictions are all over the place. stick to something man, even if you are wrong.
I predicted $200 by Labor Day, but then I've always thought there was a good possibility the prices could fall off after that. Since Bush has been President, there has been huge decreases in oil prices near election season. Not sure if there is anything behind that or if its just coincidence. If we start a permanent downtrend now, which is much earlier than I predicted, I think there is a good chance we could be well below $100 by election day. I do think though there is a good chance these prices could reverse themselves and we could be testing $150 again in the coming weeks. Either way, the prices will fall after Labor Day.

Quote:
Originally Posted by KevK View Post
The election has really not much to do with it. It just so happens that Election Day- at the start of November- is also right at the low point of gas prices. This occurs every year- election or not. Gas begins to fall after the summer driving season ends and demand falls. It falls until it hits a low point in mid November before the holiday travel season kicks off and demand goes back up.
Last year prices continued to rise throughout the fall and winter. They fell off in 2005, but nothing like they did in 2004 and in 2006, both election years.
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 08:57 AM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,168,385 times
Reputation: 6374
I wonder if it has something to do with short selling being curtailed. The markets did react to that.
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 09:00 AM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
Quote:
Originally Posted by 70Ford View Post
I wonder if it has something to do with short selling being curtailed. The markets did react to that.
Naked short selling is illegal to begin with and I don't understand why the emergency order was put in place when it's not legal to begin with.

In addition this order is only valid for 9 days.

So we have a 9 day emergency order to curtail illegal naked short selling.

Doesn't this bother anyone ?

Naked selling sharply curtailed by SEC - InvestmentNews
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 02:51 PM
 
Location: SC
9,072 posts, read 14,702,306 times
Reputation: 3549
Quote:
Originally Posted by KevK View Post
Oil and gas continue in free fall! The great oil bubble has finally burst!

Oil markets: Bottoming out or taking a breather? - Yahoo! News (broken link)

Wall Street is happy again! Stocks up 500 points in 2 days!

Wall Street surges again on falling energy prices: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080717/wall_street.html - broken link)

Housing starts WAY up in June!

June housing starts up 9.1 pct; NY code cited - Yahoo! News (broken link)
I think you should read the entire article you are recommending. It says single family home purchases were down 4 percent for June.
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 03:08 PM
 
Location: America
6,987 posts, read 15,766,746 times
Reputation: 2073
Quote:
Originally Posted by emilybh View Post
I think you should read the entire article you are recommending. It says single family home purchases were down 4 percent for June.
You are crushing peoples hopes and dreams. They have to have something to hold on to, even if its a fantasy.
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 05:55 PM
 
Location: Texas
8,062 posts, read 16,494,944 times
Reputation: 3708
Quote:
Originally Posted by Wild Style View Post
You are crushing peoples hopes and dreams. They have to have something to hold on to, even if its a fantasy.
Yeah, but the incessant cheer-leading isn't indicative of most Americans' budgets and financial situations right now. So, I find it insulting. I certainly don't relish "doom and gloom," but the more these people yell, "Yay, economy!" the more our delightful elected officials can bury their heads in the sand.
Reply With Quote Quick reply to this message
 
Old 07-18-2008, 06:10 PM
 
Location: Texas
4,933 posts, read 6,975,108 times
Reputation: 5506
I love me some suckers. It's like taking candy from a baby. Keep hyping this market yall. The higher the fake rally goes, the bigger the fall. I love it. Bear trap baby!!!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top