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safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:08 PM
Original message
Oil slips under $76,
will gas be under 3 bucks in the morning?

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:15 PM
Response to Original message
1. we'll be lucky if it drops 2 cents
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:16 PM
Response to Reply #1
2. In two weeks. n/t
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justabob Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:22 PM
Response to Reply #2
3. no kidding
so frustrating.
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whosinpower Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:23 PM
Response to Original message
4. US dollar gains then?
The Koch brothers took a beating today.

The tiny tidbit of good news.
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jimlup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:25 PM
Response to Original message
5. Actually that is a serious concern - it means the markets are in freefall...
I understand why you are laughing but it actually isn't funny. We're in for a really bad shit storm.
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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:58 PM
Response to Reply #5
6. That's right.
This kind of collapse is not a good thing.

And even back at two dollars a gallon or less, if we end-up with real unemployment at 30 percent then the price might as well be four or five or six dollars a gallon.

Frankly, I find the drop this fast in oil in conjunction with the bloodbath in the stock markets to be quite alarming.

Is this the "big one" of financial catastrophes?
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 01:20 AM
Response to Reply #6
10. i heard an analyist on wbbm i chicago say that oil is falling due to
a prediction that there will be a SHARP drop in demand. what would cause such a sharp drop to happen? perhaps lack of money to buy gas? lack of need to ship stuff not being made or sold..
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Jim Warren Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 11:06 PM
Response to Original message
7. These two current charts tell a story
?s=NYMEX_CL.U11.E&t=f&w=5&a=2&v=s

?s=FOREX_XAUUSDO&t=f&w=15&a=2&v=w
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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 11:14 PM
Response to Original message
8. Self-delete
Edited on Mon Aug-08-11 11:14 PM by GliderGuider
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Lugnut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 12:34 AM
Response to Original message
9. When pigs fly.
Two cents, maybe. $#^&%$&#&^
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