Velocity Reviews - Computer Hardware Reviews

Velocity Reviews > Newsgroups > Computing > Computer Support > Re: Why Did Oil Prices Drop?

Reply
Thread Tools

Re: Why Did Oil Prices Drop?

 
 
richard
Guest
Posts: n/a
 
      10-12-2008
On Fri, 10 Oct 2008 21:10:21 -0600, "Buffalo" <(E-Mail Removed)>
wrote:

>Anyone or everyone know?
>I don't.
>Sounds like the greedy got burnt and stopped speculating on oil.
>What is the real reason??
>


Pres Bush declared that off shore drilling restrictions would be
lifted.
That in itself caused the speculators to wake up. Plus the fact that
the news media was directly pointing the finger at the speculators for
the high prices.

Within days after the announcement, prices began to drop royally.

If there are major oil deposits close at home like that, then OPEC
will have competition and OPEC doesn't like competition.

My question is, as the crude oil price has nearly been cut in half,
why hasn't the pump price? Pump prices should be nearly a dollar less
than they are.

 
Reply With Quote
 
 
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Maybe Sigma will just double the prices of their lenses, like Nikon did? RichA Digital Photography 1 05-25-2011 05:21 PM
Re: Why Did Oil Prices Drop? HEMI-Powered Computer Support 2 10-12-2008 04:41 PM
Re: Why Did Oil Prices Drop? Whiskers Computer Support 6 10-12-2008 02:00 PM
Re: Why Did Oil Prices Drop? chuckcar Computer Support 1 10-11-2008 09:11 PM
findcontrol("PlaceHolderPrice") why why why why why why why why why why why Mr. SweatyFinger ASP .Net 2 12-02-2006 03:46 PM



Advertisments