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The Price Of Oil - Page 48

The speculators that held out on the end of the bubble got burned. Right now there is such unease in the markets in general that speculators are holding onto their cash. While the 1.25 per gallon is nice, part of it was a result of oversupply due to rampant speculation (buying oil contracts with no intent to use the product) when the price was on the climb. Now the producers (OPEC and Russia) are throttling back the increased production. I really believe that the OPEC nations are gunning for a $50 to $60 per barrel price. That should result in a $2 - $2.50 per gallon price.

Oil Price The

It is interesting to see that the price of oil is staying around $40 a barrel. Is this because the US is cutting production while the inventories of crude oil and gasoline seems to keep rising? I wonder why right now that gasoline prices are climbing when oil prices are falling. Sounds like the oil companies sticking to us to me.

The Price Of Oil History & Civil Business Politics

Me, hopeful? Are you serious? I'm the "Doom and Gloom Queen" around here There isn't any way the prices are coming down. They'll fluctuate, of course, but the oil companies are in business to make money, not for any philanthropic virtues. They'll stick it to us as much as they possibly can. I think we all need to plan for higher prices on everything in the next few years, gas being the first thing to go up and everything else follows.

Page 48 Oil Price The

All we need to do it seems is to drill for more oil or pay more for the oil we are already buying from foreign countries where our oil is coming from but I highly see that happening.

Oil Price The

I have a feeling with the price of oil being under $35 a barrel that OPEC is going to cut production again to try to keep it up to $40 or above. I still wonder why gas is still going up as oil is going down in price.

The Price Of Oil

Oil price nudges above $34 again

Oil prices rise to above $34 a barrel though concerns about weakness in the US economy linger. Ref. Source 3

The Price Oil - Page 48

Normally the price of oil goes and the price of gasoline goes up. But this week has been not normal. Now the price of oil went down about $10 this week and the price of gasoline rose about $0.15 this week. Now today oil has risen about $2 so far but the price of gasoline has fallen about $0.10. I will never understand this.

The Price Oil Politics Business Civil & History - Page 48

Prices seem not to stay steady but rise and fall I feel we may keep seeing this for a while or at least a year to two.