Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Arizona > Phoenix area
 [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 12-10-2008, 06:49 AM
 
641 posts, read 2,369,554 times
Reputation: 278

Advertisements

They tend to get lower around election time.
I have a feeling after the new president takes office, we will see them rise again.
Reply With Quote Quick reply to this message

 
Old 12-10-2008, 06:52 AM
 
Location: Mesa, Az
21,144 posts, read 42,186,285 times
Reputation: 3861
Quote:
Originally Posted by steve22 View Post
I wouldn't get too comfortable that cheap oil prces are here to stay or write off the possibility of $200 a barrel oil yet. In fact, I perceive this current oil price plummet to be an aberration which likely has partly to do with the weakness of the global economy and demand destruction it has caused, but even more importantly the deflationary period we've entered due to the credit crunch has significantly strengthened the dollar- hence, cheaper oil.

There are several very well-reputed economists who believe that the huge spike in oil prices we saw over the summer was a reflection and a result of a pathetically weak dollar more than any other factor. It wasn't a supply-demand problem or a result of rampant speculation nearly as much as it was a weak dollar problem. Once the credit situation gets shored up and inflation begins again, and the dollar's value once again starts to fade, I would count on those oil prices shooting back up.
Which will blow up in OPEC's face in short order: higher oil prices tend to spur both conservation (which is a good thing) along with different sources of energy.
Reply With Quote Quick reply to this message
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:


Settings
X
Data:
Loading data...
Based on 2000-2022 data
Loading data...

123
Hide US histogram


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 > U.S. Forums > Arizona > Phoenix area
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top