Low Oil Price was a Temporary Happiness For Us?

Discussion in 'General Chat' started by Bohol, Jan 23, 2009.

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  1. #1
    Not a good news. A new round of oil price has started to hit the market.


     
    Bohol, Jan 23, 2009 IP
  2. dodolls

    dodolls Well-Known Member

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    #2
    Really need to tighten our belts these days.
     
    dodolls, Jan 23, 2009 IP
  3. donlin

    donlin Active Member

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    #3
    I knew it was going back up. Sure was nice while it lasted.
     
    donlin, Jan 23, 2009 IP
  4. *Tauren*

    *Tauren* Peon

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    #4
    It will go back up. It's a matter of supply and demand, that's why OPEC reduced supply, demand stays the same so the price goes up.
     
    *Tauren*, Jan 23, 2009 IP
  5. justinlorder

    justinlorder Peon

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    #5
    5 to 6 years ago, the crude oil is $30 to $40 per barrel .
    Last year before the crisis, the price is $140 to $150 at highest .
    I believe around $40 per barrel is a fair price and will last for a long time in future .
     
    justinlorder, Jan 23, 2009 IP
  6. Bali_Sunset

    Bali_Sunset Well-Known Member

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    #6
    if the economy is still like this in spring and summer of '09

    the oil price will reach its historical low price
     
    Bali_Sunset, Jan 23, 2009 IP
  7. RightMan

    RightMan Notable Member

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    #7
    I am also of the opinion that oil price has seen its high prices for quite some time now...

    Prices under $ 50 are here to stay for long long time....

    Regards,

    RightMan
     
    RightMan, Jan 23, 2009 IP
  8. gekiranger

    gekiranger Member

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    #8
    The price of gas was really nice for a while.. $1.50... awesome..
     
    gekiranger, Jan 23, 2009 IP
  9. yourfinancequestions

    yourfinancequestions Peon

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    #9
    Energy independence surely would be nice.
     
    yourfinancequestions, Jan 23, 2009 IP
  10. bogart

    bogart Notable Member

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    #10
    In a few years oil prices are going to go through the roof. Wind farms are a good start to help lessen the dependence.
     
    bogart, Jan 23, 2009 IP
  11. iamays

    iamays Banned

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    #11
    I keep thinking that Oil prices will rise this year, but who knows. If we don't start drilling offshore soon and finding alternative sources of energy then I'd expect the price to rise eventually.
     
    iamays, Jan 24, 2009 IP
  12. dairyman

    dairyman Notable Member

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    #12
    Though the prices of oil won't shoot up immediately because of the reeling recession, what worries me is the cost of other food materials which is shooting up affecting the most vulnerable sections of the community. It is the need of every government to take care of its poorest of the poor.
     
    dairyman, Jan 24, 2009 IP