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NEW YORK (Dow Jones)--Oil futures ended below $100 a barrel for the first time since March amid a broad commodity selloff, weighed by worries about falling U.S. demand. (http://online.wsj.com/article/BT-CO-20110505-716819.html - broken link)
it's funny how the price of gas will shoot up immediately upon news of an increase in oil prices, but only declines ever-so-slowly, if at all, when oil prices decline.
I guess those on the left will try to tell me that speculators havent been speculating this week.. haha
Quote:
Originally Posted by marcopolo
Two great aspects of the oil price crash:
1. 20-25 cents off the price of gas will help this country a lot.
2. A lot of speculators got creamed, so their hot money won't aggravate prices for a while.
Speculators do NOT affect the price of oil.. When will people learn how the process works before they shout off about things they have no knowledge of?
crap. i was hoping gas prices will keep going up. i can't wait until gas prices hit $5.00 per gallon. oh well hopefully prices will start going up again soon.
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