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Oil below $50.......What are your thoughts

Discussion in 'General Chat' started by gizmozz, Dec 3, 2008.

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  1. #1
    May be it will again go up very soon.............
     
    gizmozz, Dec 3, 2008 IP
  2. scubita

    scubita Peon

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    #2
    I wonder why gas prices didn't fall $100...
     
    scubita, Dec 3, 2008 IP
  3. maverick123

    maverick123 Peon

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    #3
    Good for consumers, bad for Dubai filthy rich sheikhs, bad for Ecology :eek:
     
    maverick123, Dec 3, 2008 IP
  4. lycos

    lycos Well-Known Member

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    #4
    I just hope it can stay that way. Hopefully there won't be price jump after the producers cut the output
     
    lycos, Dec 3, 2008 IP
  5. RightMan

    RightMan Notable Member

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    #5
    Too much froth was developed when it boom ranged to $ 147.

    The excesses have been suitably shaved off.....and the present economic conditions will prevent any meteoric rise..at least in the near future.

    Regards,

    RightMan
     
    RightMan, Dec 3, 2008 IP
  6. Rohit patel

    Rohit patel Prominent Member

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    #6
    Well now Oil rates might not go higher as much as we seen at $147. But do also mind that Opec might cut the production in next few weeks so rate might go back to $70 to $100.
     
    Rohit patel, Dec 3, 2008 IP
  7. aspire

    aspire Well-Known Member

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    #7
    As soon as the economy gears up, oil will soar again
     
    aspire, Dec 3, 2008 IP
  8. Sensei.Design

    Sensei.Design Prominent Member

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    #8
    it will but it'S great that it's below 50$ bc gas will become cheaper :D
     
    Sensei.Design, Dec 3, 2008 IP
  9. vccseller

    vccseller Active Member

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    #9
    Causing a lot of economic trouble in every country but US :(
     
    vccseller, Dec 3, 2008 IP
  10. Project Mobius

    Project Mobius Peon

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    #10
    the sky is falling!!!!!
     
    Project Mobius, Dec 3, 2008 IP
  11. wallstreetking

    wallstreetking Peon

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    #11
    let it burn !
     
    wallstreetking, Dec 3, 2008 IP
  12. nvidura

    nvidura Well-Known Member

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    #12
    No price change in Sri Lanka. Shik!!!
     
    nvidura, Dec 3, 2008 IP
  13. allroads

    allroads Banned

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    #13
    Sucked in to OPEC and all its members. What goes around comes around. Karma.

    They are half the reason the world is in a recession now.

    Guess they will only be able to buy themselves 50 brand new mercedes each this year instead of a hundred. :)
     
    allroads, Dec 3, 2008 IP
  14. hellraiser

    hellraiser Active Member

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    #14
    at that price i think we should get our cars out of the garage and start running. heehhe
     
    hellraiser, Dec 3, 2008 IP
  15. Project Mobius

    Project Mobius Peon

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    #15
    I've never stopped driving though :confused:
     
    Project Mobius, Dec 3, 2008 IP
  16. anime_vibe

    anime_vibe Peon

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    #16
    Receding oil costs should mean (amongst other things) a decrease in the price of everyday consumer goods. Short-term, it will be good for the economy. Although when demand rises again, when the economy begins to grow, whatever short term benefits that existed will disperse.

    The volatility of oil costs hurts any long-term investment in oil exploration. We can not hinder our focus on alternative energies.
     
    anime_vibe, Dec 3, 2008 IP
  17. wilhb81

    wilhb81 Active Member

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    #17
    I think the oil price has already hit the lowest point, and it's about time to going up straight again...

    So, guys. You're better fasten your seat belt and hold on lol
     
    wilhb81, Dec 3, 2008 IP
  18. dolin88

    dolin88 Banned

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    #18
    why oil price drop but taxi fares and electricity don't drop.
     
    dolin88, Dec 3, 2008 IP
  19. anime_vibe

    anime_vibe Peon

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    #19
    I believe OPEC has yet to make a decision on whether to support current prices.
     
    anime_vibe, Dec 3, 2008 IP
  20. drjupitor

    drjupitor Banned

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    #20
    This is the right price for oil. It should be below $50 a barrel. This is my thought and opinion.:D
     
    drjupitor, Dec 4, 2008 IP
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