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#4756 |
sorta mod-ish
Join Date: Jan 2004
Location: KC North
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Just to be clear, I assume you mean the COUNTRY of Saudi Arabia, not the royal family?
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Posts: 101,469
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#4757 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 182,576
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#4758 |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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We might, but if we do, it sure will be interesting if something like "a world issue or stability" ever becomes a reason for it to go back up again.
We all knew it was a myth, but after this scenario, while the whole situation in France happened, the OPEC nations might finally become the laughing stock of the globe should they claim world unrest or instability is driving-up the price of oil. So I think what the OPEC folks have done here is interesting, I'm not entirely sure they can just go back to being their usual Muslin **** selves once they've hurt the other producers in the world. And while we can't do anything about it, I think the Japanese found out about our industrial might. If we were to ever use that sort of prowess to drill in ANWR and further perfect fracking, that might be the counter punch the industry has needed to put the rag-hats back in the sand where they belong. So I'm fine with them being the primary provider, but only if they keep the price around where it is now. Oh, and **** the OPEC nations and their shitty no-grass landscape! They suck hairy Camel balls dry! |
Posts: 116,529
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#4759 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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For all you knuckleheads who were talking about buying an underground tank to fill up on cheap oil when the price was around $55 would now be down about $100,000!!!
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Posts: 51,066
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#4760 | |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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Quote:
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Posts: 65,565
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#4761 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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Posts: 65,565
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#4762 |
You Sweetie!
Join Date: Sep 2005
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$230 premium petro - cold 93 ya'll!
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Posts: 71,691
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#4763 |
You Sweetie!
Join Date: Sep 2005
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Posts: 71,691
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#4764 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 182,576
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#4765 |
Resident Glue Sniffer
Join Date: Nov 2003
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Posts: 37,381
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#4766 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Crude rose $2.59, or 5.6%, to settle at $48.48 a barrel today.
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Posts: 182,576
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#4767 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 43,025
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#4768 |
Veteran
Join Date: Nov 2008
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This just happened for me today!!!
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Posts: 1,208
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#4769 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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And today it is down almost all of the previous days gains
http://www.bloomberg.com/energy/ CRUDE OIL & NATURAL GAS Commodity Units Price Change % Change Contract Time(ET) Crude Oil (WTI) USD/bbl. 46.50 -2.19 -4.50% Feb 15 10:40:06 Crude Oil (Brent) USD/bbl. 48.32 -0.52 -1.06% Mar 15 10:40:37 TOCOM Crude Oil JPY/kl 37,620.00 -340.00 -0.90% Jun 15 10:40:44 NYMEX Natural Gas USD/MMBtu 2.87 -0.26 -8.22% Feb 15 10:41:26 |
Posts: 51,066
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#4770 |
Rockin' yer FACE OFF!
Join Date: Feb 2003
Location: Omaha, Nebraska
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All I know is, I like filling up the car for less than 30 bucks...I do a happy dance at the pump and everything.
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Posts: 25,911
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