Discussion in 'Issues Around the World' started by ethics, Oct 15, 2007.
Was planning on it this week.
Thanks for the heads-up!
Your consumption will probably drive oil futures crazy.
Gotta talk to my broker tomorrow.
Worst thread resurrection ever....
Yep, no doubt.
This is a good thing IMO. While $75/bbl may be a "fair price", it's enough to keep the creative minds and prudent politicians (oxymoron, I know) on their toes and continue to work on alternatives.
I am with Steve; bring it on!
For selfish reasons, as a motorcyclist, I want nothing more than more open roads.
Hah! Just wait until they enact a low gasoline consumption tax for motorized vehicles that get more than 50 MPG.
LOL! I can see that happening only after more than 50% of the vehicles are getting that type of MPG.
I can't help but wonder why oil prices aren't lower than they are right now. Demand is low, supply is high. Prices should be low, shouldn't they? Why are we still hovering in the mid to high 60's?
The success of the oil cartel?
That's about all I can come up with.
It will be interesting to see what the inventory numbers are. The American Petroleum Institute data is due later today and the Department of Energy's number will come out on Wednesday. Then we'll have a more clear picture.
UPDATE: OIL FUTURES: Crude Eases Lower As Inventory Data Loom - WSJ.com
Pretty much right on. OPEC has really done a good job of enriching themselves at our expense by with holding supply to keep oil in a fairly tight range of $65-$75. If it were based on fundamentals alone it would probably be back down in the $40's.
You correctly interpreted my question as rhetorical.