ebuhoner

I really hope it keeps going down.. today wednesday as of 10.20AM the price is ranging between 107$ and 110$

Stryker

This is nothing new... The only reason in the last few weeks that oil has gone up was because of hurricane Gustave, and the risk of damage to the platforms in the gulf... That being said, analysts have stated they wouldnt be surprised if it dips below $100/barrel this week (dont know if I believe this one)... It would just be nice to see a little relief at the pump since oil has dropped nearly $45/barrel in the last few months... Funny how the price of gas has only dropped like 40 cents/gallon... Sad

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If you strap a big enough engine to anything it will fly....

WhizWheel

JP Morgan Chase has oil at $100 a barrel in '09 and Goldman Sachs has it at $150-$200 a barrel in '09. Not even the experts can agree on where this is going.

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"Everyone wants the bigtime, nobody wants to work for it."

Confused

watch the oil forecasts in the morning on the financial channels and it doesnt make you too comfortable some of the things they say.

Only takes a few problems to jack the price way up.

Who wants to go hang out with Pickens?

lifter123

Plus OPEC doesn't want it below 100...

'OPEC may cut output as oil prices set to fall further'- International Business-News-The Economic Times

Stryker

Well if this doesnt tell you that oil companies arent gouging us a little bit, you get 42 gallons of gasoline from one barrel of oil. At $107/barrel that would translate to $2.54/gallon. The national average is more than a dollar/gallon more!! And supposedly it only costs them $14/barrel to produce. I think I just threw up a little in my mouth thinking about that....

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If you strap a big enough engine to anything it will fly....

BoredwLife

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I really must start watching more radio.

Stryker

Time to send out the hit squad!!!

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If you strap a big enough engine to anything it will fly....

ComairFO

While I don't enjoy paying 3.75/gal for gasoline, how would you feel if YOU had a product that everyone needed/depended on?

OPEC can do what they may and the consumer will continue to pay (unintentional rhyme). The biggest problem for OPEC is that they have p'ed off a significant amount of people who are now very motivated to explore alternative options for oil. We are closer to realizing the result of this than many of you might think. One of two things is going to happen--oil will run out or society will no longer have a big need for oil. Let's hope one happens in our lifetime.

P.S. Did anyone read a few weeks back that the U.S. is exporting grain to Iran? Our chance to gouge them back!

waflyboy

Declining oil prices will only slow the development and deployment of alternatives - something we are falling far behind on anyway. The next time oil spikes, I have a feeling it will really hurt.

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