FatalWishes
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Oil Sinks Below $139 on US Economic Worries
http://www.cnbc.com/id/25680397
http://money.cnn.com/2008/07...arkets/oil/index.htm?cnn=yes
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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MattN
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Goes up $6-7 tomorrow.... |
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Indy
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Have no fear. We'll get news tomorrow or the next day about inventory reports showing a lower than expected inventory or something will come up about Iran. Mark my words. It will happen. A convenient story will hit the news and the price will go back up... as planned.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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FatalWishes
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Oil 136.26 -2.48 -1.79
http://www.bloomberg.com/markets/commodities/cfutures.html
So far so good this morning. Just about all commodities are down this morning. I wonder if money is pouring back into some of the financial stocks that are beaten down.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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Bush Says Drill, Drill, Drill — and Oil Drops $9!
| Quote From Source: | In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to $136.
Now isn't this interesting?
Democrats keep saying that it will take 10 years or longer to produce oil from the offshore areas. And they say that oil prices won't decline for at least that long. And they, along with Obama and McCain, bash so-called oil speculators. And today we had a real-world example as to why they are wrong. All of them. Reid, Pelosi, Obama, McCain — all of them.
| | Click source url to view entire story. |
Source Kudlow National Review
Source URL:
http://kudlow.nationalreview...NWE3YTAzYWYzMmZmNDVmMjA0ZWY=
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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MountainManMike
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now lets see if congress has any balls. |
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Indy
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Nobody could ever accuse you of not having a sense of humor :-)
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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HA ! |
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Indy
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| Quoting Indy - posted on 7/15/2008 at 22:15 |
Have no fear. We'll get news tomorrow or the next day about inventory reports showing a lower than expected inventory or something will come up about Iran. Mark my words. It will happen. A convenient story will hit the news and the price will go back up... as planned.
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It didn't happen as quickly as I thought but it certainly did happen.
| Quote From Source: |
Oil prices rallied as much as $5 a barrel Wednesday after a surprise decline in the nation's gasoline stockpile, and a forecast from Goldman Sachs that said crude could hit $149 a barrel by year's end.
| | Click source url to view entire story. |
http://money.cnn.com/2008/07...x.htm?postversion=2008073015
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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FatalWishes
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Guess its time to add to my gold shares now that it has dipped down. I don't like averaging down but I don't think gold is a falling knife. It will climb again. Our economic situation is too bleak.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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posted on 7/15/2008 at 11:01
