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the_tyrant

05-05-11 05:28 PM

U.S. crude plummets below $100

Quote:

Oil collapsed into free-fall Thursday, diving more than 10 per cent and sending U.S. crude back under $100 (U.S.) a barrel as investors staged an unprecedented stampede for the exits.

Weak economic data from Europe and the United States fed concerns that have battered commodities all week. German industrial orders fell unexpectedly in March while U.S. weekly jobless claims hit eight-month highs.

http://www.theglobeandmail.com/repor...rticle2011177/

too bad by 6pm eastern time today oil is back up over $100

Growler

05-05-11 05:29 PM

Quote:

Originally Posted by the_tyrant (Post 1657736)

http://www.theglobeandmail.com/repor...rticle2011177/

too bad by 6pm eastern time today oil is back up over $100

Sure - every time it ticks back over that $100 mark, they add another dollar at the pump.

Torplexed

05-05-11 09:33 PM

Quote:

Originally Posted by Growler (Post 1657739)

Sure - every time it ticks back over that $100 mark, they add another dollar at the pump.

Either that, or they park the tankers offshore and wait for the price to rise over that mark again. :03:

Growler

05-05-11 10:21 PM

Quote:

Originally Posted by Torplexed (Post 1657885)

Either that, or they park the tankers offshore and wait for the price to rise over that mark again. :03:

Egg-zachary... driving the price at the pump up... anyone see a trend?

Fish In The Water

05-06-11 12:52 AM

Quote:

Originally Posted by the_tyrant (Post 1657736)

too bad by 6pm eastern time today oil is back up over $100

Up and down like a yo-yo...

If I didn't know better I'd almost think someone was manipulating the market. :03:

Oberon

05-06-11 04:43 AM

Quote:

Originally Posted by Fish In The Water (Post 1657960)

Up and down like a yo-yo...

If I didn't know better I'd almost think someone was manipulating the market. :03:

http://www.priceofcrude.com/images/opec.jpg

"We're sorry, we can't hear you over the sound of how awesome we are."

Growler

05-06-11 12:11 PM

Quote:

Originally Posted by Oberon (Post 1658018)

http://www.priceofcrude.com/images/opec.jpg

"We're sorry, we can't hear you over the sound of how awesome we are."

Whaddya mean? Sure, they look legit.

Jimbuna

05-06-11 01:46 PM

http://www.priceofcrude.com/images/opec.jpg

Hey guys...just a few more cents and we'll be able to buy Europe.

Fish In The Water

05-07-11 03:19 AM

Quote:

Originally Posted by jimbuna (Post 1658336)

Hey guys...just a few more cents and we'll be able to buy Europe.

Then they'll fill it with sand and charge everyone for beach front timeshares. :D

Torplexed

05-07-11 03:37 AM

Quote:

Originally Posted by Fish In The Water (Post 1658695)

Then they'll fill it with sand and charge everyone for beach front timeshares. :D

Just as long as they don't impose their antediluvian vision of fashionable female swimwear. :dead:

http://www.frontpagemag.com/Media/Homepage/birkini.gif

Jimbuna

05-07-11 11:43 AM

Quote:

Originally Posted by Fish In The Water (Post 1658695)

Then they'll fill it with sand and charge everyone for beach front timeshares. :D

Either that or give it to the Iranians as an appeasement gift :DL

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