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Positive news for a change: THE OIL BUBBLE IS BURSTING! YEAH!!! maybe the country will get back to normal someday....

Its too bad there is so much greed from the oil companies. Salt water as fuel has already been discovered! It would be the way of the century if there was'nt so much OIL GREED.

 World oil prices paused on Wednesday, after economic growth concerns sent New York crude tumbling by the largest drop for 17 years, and as traders awaited the weekly US energy stockpiles report.

New York's main oil contract, light sweet crude for August delivery, firmed seven cents to 138.81 dollars a barrel.

The contract sank 6.44 dollars to close at 138.74 dollars on Tuesday at the New York Mercantile Exchange. It was the sharpest single-session decline since January 1991.

 
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6 Comments on Oil prices pause after steepest plunge since 1991

JUL
16
2008
104,881 Points 3 Featured Posts

I think the meeting this weekend between US and Iran will also help drive down the cost
8:31am • #1
160,137 Points 1 Featured Post Outside Blog

george should smoke a joint with the president of Iran and just chill
8:33am • #2
811,199 Points 91 Featured Posts Outside Blog Called Shot Master

From your lips to God's ears!  I hope that it continues to drop til it his $15 a barrell.  We need hydrogen power for cars...clean, non polluting, cheap.  If we had a better source, Oil could be less than $10 a barrel.  Maybe that old saying "I got you over a barrel" comes from!
8:39am • #3
276,116 Points 1 Featured Post Outside Blog

While it only takes a minute for the price at the pump to go up - when prices of crude go up - it will take months for us to see a decrease at the pump.  Wonder why...
8:41am • #4
160,137 Points 1 Featured Post Outside Blog

Price Conditioning Tim...pure and simple. I see prices of a barrel of crude going down to 90 but the conditioning of the consumer will be done by then. get use to it. 4-5 a gallon is here to stay.
8:51am • #5
160,137 Points 1 Featured Post Outside Blog

Jim: Salt water as fuel has already been discovered! Think the oil companies will let this come to market? H E L L  N  O!    never happen - greed rules
8:55am • #6

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Steve Harless "Your Las Vegas Real Estate Connection"

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