gas prices dropping?
Aug 5, 2008 | 04:30 PM
#51
Gas dipped to $118 a barrel!!!! Isn't 117 the magic number for the big sell off, I thought I remember reading it somewhere...
http://news.yahoo.com/s/ap/20080805/..._ge/oil_prices
http://news.yahoo.com/s/ap/20080805/..._ge/oil_prices
yep, according to the stock market the magic number for the big sell off
is 117.
if it happens, they perdicted the price of oil will have a huge drop from the market being flooded in product.
i say by election time 1.89 to 2.29 a gallon and thats where it will stay
for the next 10 years or so.
Aug 5, 2008 | 04:41 PM
#52
yep, according to the stock market the magic number for the big sell off
is 117.
if it happens, they perdicted the price of oil will have a huge drop from the market being flooded in product.
i say by election time 1.89 to 2.29 a gallon and thats where it will stay
for the next 10 years or so.
is 117.
if it happens, they perdicted the price of oil will have a huge drop from the market being flooded in product.
i say by election time 1.89 to 2.29 a gallon and thats where it will stay
for the next 10 years or so.
I'll believe that when I see it. 
Aug 6, 2008 | 11:55 AM
#55
http://biz.yahoo.com/ap/080806/oil_prices.html
Oil market traders are paying close attention to see if oil falls below $117, a key resistance level expected to trigger a rash of technical selling by computers programmed to dump oil contracts once prices fall below a certain threshold.
"There's a line in the sand just below $117. If you close below that, it signals traders are giving up on the bull market in oil," said Tom Kloza, publisher and chief oil analyst of the Oil Price Information Service in Wall, N.J. "Subsequent rallies may take us higher, but the highs for the year have probably been put in."
"There's a line in the sand just below $117. If you close below that, it signals traders are giving up on the bull market in oil," said Tom Kloza, publisher and chief oil analyst of the Oil Price Information Service in Wall, N.J. "Subsequent rallies may take us higher, but the highs for the year have probably been put in."
Aug 7, 2008 | 05:29 PM
#56
lets see how much of an impact of the high school kids will have when they go back to school.
this will cut down demand even more then what it is now.
we should see a slight rise in price from every body running around buying school cloths and suppliers buying a little more from the price drop.
its comming people, according to the Associated Press oils price at market close
was this today, Asia 119.00, USA 118.58, London 117.30.
one more thing that mit help is that both Obama and MC Cain are now preaching
to the people about 4 bucks a gallon and doing something about it.
i looked it up on the net, when carter was in office gas hit a high of 3.70 and oil was just over 120.00 a barrel, when reagen took over the price of oil and gas droped to a low of .89 cents a gallon and oil was 38.00 a barrel by his 3rd year in office.
this will cut down demand even more then what it is now.
we should see a slight rise in price from every body running around buying school cloths and suppliers buying a little more from the price drop.
its comming people, according to the Associated Press oils price at market close
was this today, Asia 119.00, USA 118.58, London 117.30.
one more thing that mit help is that both Obama and MC Cain are now preaching
to the people about 4 bucks a gallon and doing something about it.
i looked it up on the net, when carter was in office gas hit a high of 3.70 and oil was just over 120.00 a barrel, when reagen took over the price of oil and gas droped to a low of .89 cents a gallon and oil was 38.00 a barrel by his 3rd year in office.
Aug 11, 2008 | 04:46 PM
#57
