Jeff Matthews Posted August 8, 2008 Share Posted August 8, 2008 Doomsayers may be loosing the argument. Oil drops to under $116 from its high of over $147 just 1 month ago. The dollar gains substantially, rising to a 5-month high against the Euro. So, oil has dropped about 22% since July 11. Stay tuned. Things are beginning to look up because our "global brethren" are hurting, too. The pain is becoming increasingly relative, meaning misery loves company. They need us, and it is a shot in the arm for the good 'ole US. http://money.cnn.com/2008/08/08/markets/oil/index.htm?postversion=2008080810 Quote Link to comment Share on other sites More sharing options...
BigStewMan Posted August 8, 2008 Share Posted August 8, 2008 well that's a good reason to have a half-dozen beers tonite. Quote Link to comment Share on other sites More sharing options...
Jeff Matthews Posted August 8, 2008 Author Share Posted August 8, 2008 Yeah, just get some of that imported beer, now that your dollar is stronger. Quote Link to comment Share on other sites More sharing options...
jacksonbart Posted August 8, 2008 Share Posted August 8, 2008 The Bronx is up, The Battery is down. Quote Link to comment Share on other sites More sharing options...
pauln Posted August 8, 2008 Share Posted August 8, 2008 Don't get too excited and assume the tide has turned... this is a temporary artifact of China's leaders' direct manipulations to clear up air pollution during the lead up to the olympics. Because of politically damaging air pollution, China's leaders basically ordered a massive shut down of industry about a month ago to clean up the air and ordered more than a million cars and trucks off the roads around the olympic site more recently toward the same end. The benefit to their air may or may not be happening in time for the spectacle, but the incidental benefit to the dollar and oil price is huge. Once the spectacle is over these smokey factories and cars will be released back into service, return to their polluting and oil consuming ways, and resume their previous course of global financial impact. Quote Link to comment Share on other sites More sharing options...
oldbuckster Posted August 9, 2008 Share Posted August 9, 2008 Don't be fooled by pre-election drop in oil prices ............... $4.29 or $4.00 or $3.92 it still the $4.00 range !!!! We don't know Fuel Oil prices for Fall yet, always higher than gas !!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
Fish Posted August 9, 2008 Share Posted August 9, 2008 Don't be fooled by pre-election drop in oil prices ............... $4.29 or $4.00 or $3.92 it still the $4.00 range !!!! We don't know Fuel Oil prices for Fall yet, always higher than gas !!!!!!!!!!! What is a "pre election " price drop? It's 3.60 per gallon here,if you tell em' you're gonna drill and do everything else possible it will go waaayyy lower.Tell em' you'll not drill an inch and and you WILL make that $5 or $6 per gal so many hope for(pre election). Quote Link to comment Share on other sites More sharing options...
JJkizak Posted August 9, 2008 Share Posted August 9, 2008 Heating oil yesterday was $3.13 per gallon. JJK Quote Link to comment Share on other sites More sharing options...
oldbuckster Posted August 10, 2008 Share Posted August 10, 2008 Time will tell ................. EH !!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
Jay481985 Posted August 10, 2008 Share Posted August 10, 2008 If it drops so fast in one months time it can gain all that back in one month's time. To me stability seems a better choice than fluctuation, so don't hold your breath Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.