alterman156

Champion Author
New York
Posts:5,105 Points:1,094,750 Joined:Dec 2008
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Message Posted: Nov 21, 2009 8:53:14 PM
If demand for oil continues to remain weak, the price could drop further.
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spiderjay

Champion Author
Little Rock
Posts:3,319 Points:961,930 Joined:Oct 2005
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Message Posted: Nov 21, 2009 6:19:23 PM
when it drops below $70 come talk to me
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remay

Champion Author
Houston
Posts:4,721 Points:1,659,695 Joined:May 2006
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Message Posted: Nov 21, 2009 9:25:47 AM
probably will go up since a travel week is coming...
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gs7101

Champion Author
San Antonio
Posts:3,223 Points:246,255 Joined:Jun 2009
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Message Posted: Nov 21, 2009 8:32:29 AM
This a weekly trend -- oil prices fall on Friday, rise back up on Monday.
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silverfox63

Champion Author
Michigan
Posts:5,824 Points:1,159,670 Joined:Oct 2008
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Message Posted: Nov 21, 2009 8:16:25 AM
With only a few days before Thanksgiving, they will find ways to jack up the prices even more. This downward price trend the last few days will not last. The speculators will see to that.
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DerHahn

Champion Author
Illinois
Posts:11,167 Points:1,657,145 Joined:May 2004
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Message Posted: Nov 21, 2009 7:49:20 AM
the speculators will find a reason to jack prices back up. if they were actually worried about the economy, oil prices would have never reached record levels last year causing the mess we are in now.
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lovelakota

Veteran Author
Detroit
Posts:332 Points:745,355 Joined:Apr 2006
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Message Posted: Nov 21, 2009 4:44:22 AM
Earlier in the week it was up a couple dollars on "signs that pointed to economic recovery." These stupid excuses the media give or the experts they quote every day to explain the fluctuating price of oil are ridiculous. How is there economic recovery Monday and economic uncertainy Friday?
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fratt

Champion Author
Grand Rapids
Posts:7,514 Points:2,183,280 Joined:Jul 2005
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Message Posted: Nov 21, 2009 4:42:36 AM
Keep falling!!!
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JoeKR

Champion Author
New Jersey
Posts:7,268 Points:1,418,190 Joined:Feb 2006
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Message Posted: Nov 20, 2009 10:43:21 PM
My corner station must not have known that when they raised their prices 6 cents overnight.
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mstearno

Champion Author
Dayton
Posts:5,887 Points:1,290,185 Joined:Jan 2008
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Message Posted: Nov 20, 2009 10:35:33 PM
if the recession were over the price would be going up not down
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BartBuzz

Champion Author
Atlanta
Posts:6,548 Points:1,317,510 Joined:Aug 2006
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Message Posted: Nov 20, 2009 10:30:35 PM
$76! Wow! The recession must be over.
But just in case....keep conserving.
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phurburger

Champion Author
Atlanta
Posts:2,555 Points:530,670 Joined:Oct 2005
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Message Posted: Nov 20, 2009 10:19:34 PM
whoo whooo. It's artificially high by double its value & has been for some time. Let's see it come down to reasonable prices in the low $40's.
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milespergallon

Champion Author
Illinois
Posts:7,513 Points:1,483,290 Joined:Feb 2007
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Message Posted: Nov 20, 2009 10:17:31 PM
This is not a 'fall'. Dropping in half would be a FALL
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SSchmidty

Champion Author
Illinois
Posts:6,977 Points:1,328,420 Joined:Mar 2008
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Message Posted: Nov 20, 2009 10:15:04 PM
Even pig-oil is only a commodity without long term invincibility
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fasu007

Veteran Author
South Carolina
Posts:480 Points:1,034,755 Joined:Jun 2008
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Message Posted: Nov 20, 2009 10:14:30 PM
Keep going.
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Number43

Champion Author
Lexington
Posts:6,320 Points:1,194,855 Joined:Oct 2008
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Message Posted: Nov 20, 2009 10:13:52 PM
Oil should be a lot cheaper than $76.00
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altima2008

Champion Author
Philadelphia
Posts:5,813 Points:1,276,305 Joined:Apr 2008
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Message Posted: Nov 20, 2009 10:03:09 PM
Nobama can't be to happy about this!
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Skyeja

All-Star Author
New Hampshire
Posts:566 Points:489,915 Joined:Sep 2008
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Message Posted: Nov 20, 2009 9:59:33 PM
Lately it seems the opposite happens here when they mention going up or down. Right now its on the trend of up. With Thanksgiving coming, hardly a surprise with it going up now.
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woodeye55

Champion Author
Gary
Posts:4,676 Points:1,394,880 Joined:Mar 2006
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Message Posted: Nov 20, 2009 9:56:50 PM
BHO won't let this last long.
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idigau22

Champion Author
Washington
Posts:20,251 Points:2,808,325 Joined:Apr 2003
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Message Posted: Nov 20, 2009 9:55:01 PM
YAWN!!!!
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BamaPack

All-Star Author
Atlanta
Posts:868 Points:250,590 Joined:Sep 2008
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Message Posted: Nov 20, 2009 9:51:14 PM
prices inched up here...hopefully the downward trend will start soon
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carlsonguitars

Champion Author
Portland
Posts:4,641 Points:782,530 Joined:Jan 2008
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Message Posted: Nov 20, 2009 9:49:07 PM
uh........ that's not DOWN...... Down is, say, $25 a barrel, WHERE IT SHOULD BE!!!!!!!!! We should NEVER see oil peak $40 a barrel, so why is it about DOUBLE of what it SHOULD BE?!?!?!?! UGH!
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eagleeye2008

Champion Author
Wisconsin
Posts:6,659 Points:1,275,390 Joined:Jul 2008
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Message Posted: Nov 20, 2009 9:44:25 PM
too soon to see any change at the pumps !!
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Bleeder

Champion Author
Virginia
Posts:6,153 Points:1,273,380 Joined:Jan 2008
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Message Posted: Nov 20, 2009 9:37:51 PM
It needs to do more than just "edge" down. It has been steady up in the $70s for too long now.
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cincidap

Champion Author
Cincinnati
Posts:3,575 Points:694,250 Joined:Sep 2006
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Message Posted: Nov 20, 2009 9:33:52 PM
Relief at the pump won't come until it falls below $70.
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bad_sailor

Champion Author
London
Posts:5,585 Points:1,239,530 Joined:Dec 2007
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Message Posted: Nov 20, 2009 9:31:37 PM
It sure would be nice to see the pump prices fall.
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Grismer

Champion Author
Kitchener-Waterloo
Posts:6,283 Points:1,276,420 Joined:Apr 2008
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Message Posted: Nov 20, 2009 9:31:04 PM
A very thin edge downward.
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dkinsf

Champion Author
San Jose
Posts:2,450 Points:739,620 Joined:Mar 2007
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Message Posted: Nov 20, 2009 9:29:13 PM
So oil goes up and it goes down. The trend is still up and we still need alternatives.
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Chris46

Champion Author
Dayton
Posts:17,230 Points:1,676,645 Joined:Sep 2005
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Message Posted: Nov 20, 2009 9:26:35 PM
Finally, the prices of gas have come back to earth a little!
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ssect8

Champion Author
Hartford
Posts:5,634 Points:1,666,105 Joined:Jun 2006
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Message Posted: Nov 20, 2009 9:20:30 PM
Nothing new, oil goes up and down every minute of every day.
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paulydel

Champion Author
Delaware
Posts:6,804 Points:688,845 Joined:Jan 2008
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Message Posted: Nov 20, 2009 9:05:22 PM
Up and down round and round.
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RobRD

Champion Author
Alberta
Posts:3,828 Points:896,020 Joined:Jul 2007
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Message Posted: Nov 20, 2009 9:01:38 PM
Prices need to drop another twenty bucks to meet the supply currently on the market.
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RoadRover

Champion Author
Jacksonville
Posts:2,853 Points:405,415 Joined:May 2004
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Message Posted: Nov 20, 2009 9:00:27 PM
If it wasn't for speculators playing with oil prices, it would have to stay down! The economy hasn't been getting better. They play with the numbers to make it LOOK like things are moving. Everything is STILL slowing down, for example, AOL is now laying off 2500. mediamemo.allthingsd.com/.../aol-we-need-to-fire-2500-volunteers/ IF things were getting BETTER this would NOT be happening! Keep your money in your pockets as many RAINY DAYS are coming!
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truckguy115

Champion Author
Orange County
Posts:1,307 Points:186,270 Joined:Apr 2008
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Message Posted: Nov 20, 2009 8:58:55 PM
i'm not optomistic that this downward trend will continue for much longer.
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DanMtz

Champion Author
Oakland
Posts:1,022 Points:780,750 Joined:Oct 2009
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Message Posted: Nov 20, 2009 8:53:28 PM
Good. The price of gas is starting to slide around here (CA).
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TBONE3

Champion Author
Pennsylvania
Posts:6,408 Points:1,514,645 Joined:Mar 2005
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Message Posted: Nov 20, 2009 8:42:12 PM
That's nice bit I think Ill wait before I celebrate!
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wiwhite87

Champion Author
Milwaukee
Posts:2,238 Points:486,940 Joined:May 2009
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Message Posted: Nov 20, 2009 8:38:22 PM
Down a couple... it'll yo-yo again.
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KrispyKreme

Champion Author
Richmond
Posts:17,452 Points:2,517,885 Joined:Oct 2003
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Message Posted: Nov 20, 2009 8:34:04 PM
"Now that summer driving season is over it should be coming down. Has a long ways to go to get to $38.00 like last year at this time." - WCCurtis
Oil didn't drop to $38 last year because of the end of the driving season, it fell because the bottom fell out of the economy. $38 oil would also require the Dow to crash to 6,000 again. So which would you rather, cheap gas, or a dead stock market?
"squeeze as much money out of the Red States as I possibly could." NavyStore
I don't get that comment.
[Edited by: KrispyKreme at 11/20/2009 9:34:37 PM EST]
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NavyStore

Champion Author
Seattle
Posts:3,769 Points:1,663,185 Joined:Aug 2005
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Message Posted: Nov 20, 2009 8:27:45 PM
Has nothing to do with prices at the pump. But, if I had about $30 million dollars I'd certainly be investing in oil futures and trying to squeeze as much money out of the Red States as I possibly could. (ROFLMAO!!)
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PissedCanuck

Champion Author
Toronto
Posts:5,145 Points:1,195,350 Joined:Nov 2006
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Message Posted: Nov 20, 2009 8:27:22 PM
Come January and oil could go a lot lower still. January and February are the two most brutal months for business and it is usually this period where you will see things make or break.
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Asbury09

Champion Author
Iowa
Posts:4,988 Points:1,074,405 Joined:Jan 2009
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Message Posted: Nov 20, 2009 8:25:12 PM
at least the trend appears to be in the right direction
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REKEY

Champion Author
South Carolina
Posts:6,226 Points:1,237,480 Joined:May 2008
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Message Posted: Nov 20, 2009 8:24:50 PM
Did the dollar go up?
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ChuckGVT

Champion Author
Vermont
Posts:4,388 Points:1,231,670 Joined:Apr 2008
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Message Posted: Nov 20, 2009 8:23:53 PM
OK
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WCCurtis

Champion Author
San Bernardino
Posts:3,304 Points:1,364,995 Joined:Oct 2005
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Message Posted: Nov 20, 2009 8:21:42 PM
Now that summer driving season is over it should be coming down. Has a long ways to go to get to $38.00 like last year at this time.
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TomT2Lee

Champion Author
Cincinnati
Posts:3,827 Points:1,171,120 Joined:Sep 2005
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Message Posted: Nov 20, 2009 8:19:32 PM
What a bunch of complete drivel.
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janctx

Champion Author
Lubbock
Posts:2,715 Points:882,880 Joined:Nov 2007
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Message Posted: Nov 20, 2009 8:17:58 PM
they say this to get us to open our pocketbooks for Christmas, Everything cost too much, we are not spending near what we used to, Bah Humbug
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BEngr

Champion Author
Illinois
Posts:4,288 Points:1,120,105 Joined:May 2008
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Message Posted: Nov 20, 2009 8:17:37 PM
That is good news! I was sure the price of oil wasn't based upon supply and demand lately. As long as the dollar gets stronger then the price oil will go down.
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clermont40miles

Champion Author
Cincinnati
Posts:7,596 Points:1,312,545 Joined:Apr 2008
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Message Posted: Nov 20, 2009 8:16:20 PM
Good to see a move toward reality. A long way to go if it ever gets there.
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danreino

Champion Author
Twin Cities
Posts:6,297 Points:1,147,190 Joined:Mar 2008
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Message Posted: Nov 20, 2009 8:16:01 PM
Good news overall as our economy here in the United States generally sets the pace for the rest of the world, including Europe.
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MDTDriver

Champion Author
California
Posts:7,465 Points:1,696,010 Joined:Jul 2006
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Message Posted: Nov 20, 2009 8:09:33 PM
Good news for Dec. and Jan. but not for Nov.
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