Crude OIl
- Thread starter Kingairer
- Start date
HeyEng
NAHB Doesn't Give a Crap
Just a fluke....it'll be over $400 within a year!!!!!!
Yeah, some Tuesday morning
Actually, hope it keeps coming down. And while I'm at it...how about the dollar go up a bit?
Michael95U
Well-Known Member
It drove up the price yesterday and now there are reports that the storm won't affect the oil supply.
Keep it coming down!
Michael
Matt13C
Well-Known Member
I can still remember when people were asking, can oil really hit $100 per barrel? What effects will it have if it does?
Now we are hoping it drops back down to $100.
Hopefully we have not become seasoned to such high prices that we revert to our old habits when gas goes back down to $3 thinking it is a bargain. I wonder how long and how much prices have to drop before we see prices at the pump fall. I am thinking some owners may keep prices high to make some profit after struggling the last year with constantly increasing costs.
Now we are hoping it drops back down to $100.
Hopefully we have not become seasoned to such high prices that we revert to our old habits when gas goes back down to $3 thinking it is a bargain. I wonder how long and how much prices have to drop before we see prices at the pump fall. I am thinking some owners may keep prices high to make some profit after struggling the last year with constantly increasing costs.
Wok wok wok woooooooooooooooook!Thats good news. However, I still think there will be an excuse to keep the pumps at $4.
ebbie Downer music here:
Michael95U
Well-Known Member
It will get there.
kellwolf
Piece of Trash
That's my biggest fear. People thinking that "OMG! $3.10 a gallon! Honey, let's go drive the SUV to the mall again!" Que cycle starting all over again.
Ford's already planning to sell some of their European models over here. Let's hope the lower price of gas doesn't de-rail the plans of bringing on hybrid/electric/low gas mileage vehicles.
ZapBrannigan
Old School
When the bubble starts to pop, it's going to be "OMG! OMG! The price of oil is so low that it's not worth refining! It's going to squeeze the supply!" then POP! Back up to the mid-$100's.
Even if oil gets back to realistic price levels, we've still got to make weaning ourself off of oil (foreign or domestic) our new Manhattan Project of sorts. Having our entire economy balancing on "OMG! There's a dead walrus in the gulf, that's going to affect supply!" or "Mahmoud Ahmadinejad has a head cold!!! ZOOOOOOMG! OMG! OMG!" and the oil futures market spiking is not a sensible economic foundation for our nation.
Even if oil gets back to realistic price levels, we've still got to make weaning ourself off of oil (foreign or domestic) our new Manhattan Project of sorts. Having our entire economy balancing on "OMG! There's a dead walrus in the gulf, that's going to affect supply!" or "Mahmoud Ahmadinejad has a head cold!!! ZOOOOOOMG! OMG! OMG!" and the oil futures market spiking is not a sensible economic foundation for our nation.
ZapBrannigan
Old School
I am so impressed that you knew how to spell Mahmoud Ahmadinejad I can't even tell you...
You didn't hear the news??? A dung beatle was attacked by a bee in Zimbabwe and that is expected to drive it back up again.
anic: anic: anic: anic: anic: anic: anic:
SlumTodd_Millionaire
Evil Landlord Capitalist
Well that's no fun.I may seem like a dopey airline pilot, but I have a heavy interest in foreign policy and politics. I just don't argue about it in the lav!