Price of Crude Oil Dropping Bigtime...

[fishpoopoo]

Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&

Opec won't let it drop. They've already said they will hold the line at $55 a barrel. Greedy bastages every one of them.

I've already blasted 400 gallons of lpg this season. The bills aren't pretty and it's slightly cheaper than oil.

Scott,

What OPEC says and what OPEC does are two different things. Cheating amongst members is not unheard of.

p.s. sorry to hear about your high bills...they suck, don't they?

[afterhours]

..so we use a lot- $$$ goes high, we don't use much $$$ goes high. we are THE cash cow for futures market, big oil co's, and those flea ridden camel pokin' bastages..i am so sick of our gov't letting everyone pluke us at any opportuity they get- enough is enough. ..by the people for the people- my arse(again)....

[Back Beach]

Just finished reading an oil related piece from an economist. In the report it is opined that the floor price on oil is that at which a company would shut down production due to unprofitabilty.The economist sites a price range of 45-50 per barrel as a floor. Whether this proves true is another story.This was for alsakan oil, not sure on the mideast.If it pans out, we could see another 5-7 a barrel drop.