Good News?
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Gone, but not forgotten
Joined: Oct 2005
Posts: 5,026
Likes: 2
From: Charlotte-Fairbanks-Bflo
Good News?
I didn't want to post the entire story so I just put the link here for those who may care to read it. The bottom is fixing to fall out of the outrageous fuel prices according to this story.
Lehman Bros. Report: Oil Bust in the Cards
Lehman Bros. Report: Oil Bust in the Cards
Tuned
Joined: Jan 2007
Posts: 413
Likes: 0
From: Holden,La.
I will believe it when I see it. There is no way gas or diesel prices should be as high as they are. When the big three can make 48 billion dollars profit in a year should tell You that gas should not be that high.
Hotshot
Joined: Jan 2008
Posts: 13,144
Likes: 11
From: Rochdale MA
I agree with Floyd. I'll beleive it when I see it. Not only did the make a hug profit but the government actuall subsistises the oils co. My accountant showed me an article in some mag that she had.
Post Fiend
Joined: Mar 2007
Posts: 26,966
Likes: 50
From: Texas
If the OPEC folks are investing in the commodities market then theirs a real possibility that when things start to go south they will dump their holdings and send oil into a tailspin, then re-invest when it bottoms out too low. With enough money being pulled out at once they could easily start the slide.
Of course the other side of the coin is they could just finance some rebels or terrorists somewhere to attack a pipeline and cause supply fears to keep the prices up. That kind of sounds like what's going on now doesn't it?
Of course the other side of the coin is they could just finance some rebels or terrorists somewhere to attack a pipeline and cause supply fears to keep the prices up. That kind of sounds like what's going on now doesn't it?
Post Fiend
Joined: Feb 2007
Posts: 7,191
Likes: 4
From: Blairsville,Ga
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Postmaster
Joined: Jun 2006
Posts: 3,135
Likes: 0
From: Brinklow Md
Some places it only takes an hr for it to rise 3 cents....and then 2 cents more by the end of the day
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Post Fiend
Joined: Feb 2008
Posts: 10,977
Likes: 5
From: Lancaster, Pa.
It,s amazing that that the gov. inventories and reports surplus and deficits on wed and they report shortages in fuels and the price goes up later that day. Same as said above, that a terror attack or a oil rig shuts down, everybody go,s nuts. Something is seriously wrong here. Doesn't it seen funny that dubya last week went on camera and said that we need to start drilling here(what he wanted to do in anwar 10 years ago) and all of a sudden the prices at the pump halted FOR 4 DAYS. Only to start creeping up again after them 4 days. The oil companies no what thier doing.
Post Fiend
Joined: Feb 2007
Posts: 7,191
Likes: 4
From: Blairsville,Ga
the feds knew it was comming when the lowered interest rates
by doing so they knew it would raise fuel prices and drive the dollar further into the dirt so that they could hold back the comming recession that was already here
I hope their reasoning makes sense to somebody
by doing so they knew it would raise fuel prices and drive the dollar further into the dirt so that they could hold back the comming recession that was already here
I hope their reasoning makes sense to somebody
