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cbarown

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1.73 cash, 1.79 to 1.85 credit price.

 

My Hemi is smiling pulling into the station....LOL.

 

It'll be this way for another 2-3 months...leveled out, then it'll hike back up. The 1.5 million barrels a day production by OPEC haven't hit yet....they will.

 

Global demand is down...but heating needs and people willing to travel a little for the holidays is gonna consume all the excess.

 

Oil per barrel is below 50 dollars, it was, at its highest just a few months ago...147 per barrel.

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1.73 cash, 1.79 to 1.85 credit price.

 

My Hemi is smiling pulling into the station....LOL.

 

It'll be this way for another 2-3 months...leveled out, then it'll hike back up. The 1.5 million barrels a day production by OPEC haven't hit yet....they will.

 

Global demand is down...but heating needs and people willing to travel a little for the holidays is gonna consume all the excess.

 

Oil per barrel is below 50 dollars, it was, at its highest just a few months ago...147 per barrel.

I can't see the stock market being all back to normal in 2-3 months so therefor I think gas will stay at this price. It was speculators and analysts who drove the price of crude up causing us all to have to pay for 3-4 dollar a gallon gas. I'm thinkin oil will stay low for awhile, economy is shot to hell. End of the world is upon us...BLAHH

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I can't see the stock market being all back to normal in 2-3 months so therefor I think gas will stay at this price. It was speculators and analysts who drove the price of crude up causing us all to have to pay for 3-4 dollar a gallon gas. I'm thinkin oil will stay low for awhile, economy is shot to hell. End of the world is upon us...BLAHH

 

Oil price is set by supply and demand...

Speculators and analysts are what the democrats tell you during an election...and it works.

Cause now they'll say they drove the price down...

OPEC has said they want to keep oil between 70 and 90 dollars a barrel, they are waiting to see what the price/reaction is to the 1.5mil a day they cut out. It hasn't hit yet.

 

I'm not saying it'll go back up to 4.00 a gallon anytime soon, it will go back up 10 to 20% in 2-3 months...slow climb from there.

Bookmark this post...:)

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