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#1
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posted to rec.boats
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![]() Oil took a 10% dive today as speculators started selling off positions out of fear the top price has been seen. These speculators should have to pay a huge tax on their profits since they're causing so many Americans to pay inflated prices at the pump and causing inflation in every sector of retail. NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the months-long climb in energy prices may have hit a ceiling. Crude oil plunged 10 percent as startled investors unloaded their positions and a weeklong decline accelerated into an outright freefall. The price of U.S. crude went from triple digits to double digits, falling below $100 after opening at close to $110. Brent crude, a European benchmark, lost $12 at one point in a sell-off that exceeded the one following Lehman Brothers' collapse, Reuters reported. An oil correction is underway, experts said, as the price is moving toward what fundamental economic factors dictate it should be. For the American consumer, plagued by weeks of rising energy prices that have begun to weigh heavily on the economy, a bit of respite may be at hand. |
#2
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posted to rec.boats
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On Thu, 05 May 2011 22:05:27 -0700, jps wrote:
Oil took a 10% dive today as speculators started selling off positions out of fear the top price has been seen. These speculators should have to pay a huge tax on their profits since they're causing so many Americans to pay inflated prices at the pump and causing inflation in every sector of retail. the right would never permit it. as long as it benefits the rich they're in favor of it NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the months-long climb in energy prices may have hit a ceiling. Crude oil plunged 10 percent as startled investors unloaded their positions and a weeklong decline accelerated into an outright freefall. The price of U.S. crude went from triple digits to double digits, falling below $100 after opening at close to $110. Brent crude, a European benchmark, lost $12 at one point in a sell-off that exceeded the one following Lehman Brothers' collapse, Reuters reported. An oil correction is underway, experts said, as the price is moving toward what fundamental economic factors dictate it should be. For the American consumer, plagued by weeks of rising energy prices that have begun to weigh heavily on the economy, a bit of respite may be at hand. |
#3
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posted to rec.boats
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#5
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posted to rec.boats
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In article ,
says... On Fri, 06 May 2011 13:54:21 -0400, wrote: On Fri, 06 May 2011 10:09:12 -0700, wrote: On Fri, 06 May 2011 01:59:04 -0400, wrote: On Thu, 05 May 2011 22:05:27 -0700, jps wrote: Oil took a 10% dive today as speculators started selling off positions out of fear the top price has been seen. These speculators should have to pay a huge tax on their profits since they're causing so many Americans to pay inflated prices at the pump and causing inflation in every sector of retail. NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the months-long climb in energy prices may have hit a ceiling. Crude oil plunged 10 percent as startled investors unloaded their positions and a weeklong decline accelerated into an outright freefall. The price of U.S. crude went from triple digits to double digits, falling below $100 after opening at close to $110. Brent crude, a European benchmark, lost $12 at one point in a sell-off that exceeded the one following Lehman Brothers' collapse, Reuters reported. An oil correction is underway, experts said, as the price is moving toward what fundamental economic factors dictate it should be. For the American consumer, plagued by weeks of rising energy prices that have begun to weigh heavily on the economy, a bit of respite may be at hand. You know the old adage, gas prices go up like a rocket and fall like a feather Yes, I also know the story about Chicken Littlle Having nothing to do with what we are talking about. It is a fact that gas prices go up with oil prices but they lag the fall of oil prices by several weeks or even months. If oil dropped to $60 tomorrow, gasoline might not reflect that for a month or more. Chicken Little was afraid of the sky falling. Right wing nuts are convinced the world is ending and rising oil prices are supposedly an example. Totally appropriate comment. So, how do you feel about the Global Warming scam? "The sky is falling" indeed.... -- Team Rowdy Mouse, Banned from the Mall for life! |
#6
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posted to rec.boats
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On Fri, 06 May 2011 15:01:41 -0400, wrote:
On Fri, 06 May 2011 11:44:40 -0700, wrote: On Fri, 06 May 2011 13:54:21 -0400, wrote: On Fri, 06 May 2011 10:09:12 -0700, wrote: On Fri, 06 May 2011 01:59:04 -0400, wrote: On Thu, 05 May 2011 22:05:27 -0700, jps wrote: Oil took a 10% dive today as speculators started selling off positions out of fear the top price has been seen. These speculators should have to pay a huge tax on their profits since they're causing so many Americans to pay inflated prices at the pump and causing inflation in every sector of retail. NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the months-long climb in energy prices may have hit a ceiling. Crude oil plunged 10 percent as startled investors unloaded their positions and a weeklong decline accelerated into an outright freefall. The price of U.S. crude went from triple digits to double digits, falling below $100 after opening at close to $110. Brent crude, a European benchmark, lost $12 at one point in a sell-off that exceeded the one following Lehman Brothers' collapse, Reuters reported. An oil correction is underway, experts said, as the price is moving toward what fundamental economic factors dictate it should be. For the American consumer, plagued by weeks of rising energy prices that have begun to weigh heavily on the economy, a bit of respite may be at hand. You know the old adage, gas prices go up like a rocket and fall like a feather Yes, I also know the story about Chicken Littlle Having nothing to do with what we are talking about. It is a fact that gas prices go up with oil prices but they lag the fall of oil prices by several weeks or even months. If oil dropped to $60 tomorrow, gasoline might not reflect that for a month or more. Chicken Little was afraid of the sky falling. Right wing nuts are convinced the world is ending and rising oil prices are supposedly an example. Totally appropriate comment. ` The world isn't ending, but we are losing value in the dollar and that shows up in oil or anything else we import. You can live in denial if you like. Yet the price of oil is dropping... I guess my denial is working. |
#7
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posted to rec.boats
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I_am_Tosk wrote:
So, how do you feel about the Global Warming scam? "The sky is falling" indeed.... Tosk studied "General Simplified Science for Morons" in high school, in between all those general shop courses. |
#8
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posted to rec.boats
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On Fri, 06 May 2011 15:16:16 -0400, wrote:
On Fri, 06 May 2011 12:12:00 -0700, wrote: On Fri, 06 May 2011 15:01:41 -0400, wrote: You know the old adage, gas prices go up like a rocket and fall like a feather Yes, I also know the story about Chicken Littlle Having nothing to do with what we are talking about. It is a fact that gas prices go up with oil prices but they lag the fall of oil prices by several weeks or even months. If oil dropped to $60 tomorrow, gasoline might not reflect that for a month or more. Chicken Little was afraid of the sky falling. Right wing nuts are convinced the world is ending and rising oil prices are supposedly an example. Totally appropriate comment. ` The world isn't ending, but we are losing value in the dollar and that shows up in oil or anything else we import. You can live in denial if you like. Yet the price of oil is dropping... I guess my denial is working. The question is where it levels off isn't it? Yes, that's the question. According to the fear mongers, it will be $200 per next week. |
#9
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posted to rec.boats
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On Fri, 06 May 2011 12:12:00 -0700, sent the
following message On Fri, 06 May 2011 15:01:41 -0400, wrote: On Fri, 06 May 2011 11:44:40 -0700, wrote: On Fri, 06 May 2011 13:54:21 -0400, wrote: On Fri, 06 May 2011 10:09:12 -0700, wrote: On Fri, 06 May 2011 01:59:04 -0400, wrote: On Thu, 05 May 2011 22:05:27 -0700, jps wrote: Oil took a 10% dive today as speculators started selling off positions out of fear the top price has been seen. These speculators should have to pay a huge tax on their profits since they're causing so many Americans to pay inflated prices at the pump and causing inflation in every sector of retail. NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the months-long climb in energy prices may have hit a ceiling. Crude oil plunged 10 percent as startled investors unloaded their positions and a weeklong decline accelerated into an outright freefall. The price of U.S. crude went from triple digits to double digits, falling below $100 after opening at close to $110. Brent crude, a European benchmark, lost $12 at one point in a sell-off that exceeded the one following Lehman Brothers' collapse, Reuters reported. An oil correction is underway, experts said, as the price is moving toward what fundamental economic factors dictate it should be. For the American consumer, plagued by weeks of rising energy prices that have begun to weigh heavily on the economy, a bit of respite may be at hand. You know the old adage, gas prices go up like a rocket and fall like a feather Yes, I also know the story about Chicken Littlle Having nothing to do with what we are talking about. It is a fact that gas prices go up with oil prices but they lag the fall of oil prices by several weeks or even months. If oil dropped to $60 tomorrow, gasoline might not reflect that for a month or more. Chicken Little was afraid of the sky falling. Right wing nuts are convinced the world is ending and rising oil prices are supposedly an example. Totally appropriate comment. ` The world isn't ending, but we are losing value in the dollar and that shows up in oil or anything else we import. You can live in denial if you like. Yet the price of oil is dropping... I guess my denial is working. Let me know when you get the gas prices down to two bucks. Thanks a bunch |
#10
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