The latest rumor...

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  • Kevin
    Red Hot and Rollin'
    • Feb 2007
    • 11669

    The latest rumor...

    Is that oil may go down to 80/barrel.

    It slid to 123 today. Will be interesting to see how it plays out.
  • Daws1089
    Moderator
    • Mar 2007
    • 7811

    #2
    wow really? Wouldn't that be something.

    Comment

    • Kevin
      Red Hot and Rollin'
      • Feb 2007
      • 11669

      #3
      Now the word is oil to go up to 149/ish.

      Beauty. Our economy is in for a rough future. (IMO)

      I hear T. Boone Pickens is LONG on gas stocks too.

      Save your coin. There's gonna be a ton of stuff on sale in the next year to 2 years if Im reading this right.

      Comment

      • LLXC
        Newbie
        • Aug 2008
        • 76

        #4
        I can't see it ever dropping under $100 with the way the US economy is going...

        Comment

        • GMoney
          jesus saves, i spend
          • Sep 2007
          • 315

          #5
          Originally posted by Kevin
          Now the word is oil to go up to 149/ish.

          Beauty. Our economy is in for a rough future. (IMO)

          I hear T. Boone Pickens is LONG on gas stocks too.

          Save your coin. There's gonna be a ton of stuff on sale in the next year to 2 years if Im reading this right.
          Goldman said $149 beause they have a vested interest int he price of oil. Remember analysts on CNBC usually have a postion (long or short) so use caution!

          Global demand is down. The world economy is struggling. Oil should stay around $100, and might indeed hit $80. And then who knows what happens if McCain takes charge and domestic production increases...And then there's the value of the dollar. Remember oil is traded in dollars so the as the dollar gets stronger the price of oil falls.

          Definitely lots of shaking out going on, especially in the financials. LOTS on sale now and for the months to come.
          its my way or the lame way.

          2016 NFL:
          straight up 14-7-1 (+10.9u)
          parlays 0-1 (-1u)
          total: +9.9u

          Comment

          • Kevin
            Red Hot and Rollin'
            • Feb 2007
            • 11669

            #6
            Originally posted by GMoney
            lots of shaking out going on, especially in the financials. LOTS on sale now and for the months to come.
            Including houses.

            Comment

            • GMoney
              jesus saves, i spend
              • Sep 2007
              • 315

              #7
              Originally posted by Kevin
              Including houses.
              BINGO. as long as you can pay all cash or have a credit score of 800+!
              its my way or the lame way.

              2016 NFL:
              straight up 14-7-1 (+10.9u)
              parlays 0-1 (-1u)
              total: +9.9u

              Comment

              • Billy Barooooooo
                Moderator
                • Feb 2007
                • 1045

                #8
                Wow GM 4.83 bones who the **** would of thunk in 10 years this would come down from a high of $85! Oh and gas is yes 83 beans a barrel!
                Last edited by Billy Barooooooo; 10-10-2008, 04:01 AM.
                "First they ignore you, then they laugh at you, then they fight you, then you win."

                Comment

                • coreyschucky
                  Senior Member
                  • Mar 2007
                  • 2058

                  #9
                  Originally posted by Billy Barooooooo
                  Wow GM 4.83 bones who the **** would of thunk in 10 years this would come down from a high of $85! Oh and gas is yes 83 beans a barrel!
                  Craziest number about GM is that the value of the company has now fallen to 2.9 billion dollars that was the same value back in 1929. Who the hell would have ever though that.

                  Comment

                  • beermantm
                    Mad Man!!!!
                    • Mar 2007
                    • 213

                    #10
                    Originally posted by coreyschucky
                    Craziest number about GM is that the value of the company has now fallen to 2.9 billion dollars that was the same value back in 1929. Who the hell would have ever though that.
                    The Chinese!!

                    Our country is in chaos and we need to start thinking about going back to regulations and trade tariffs. We need to bring back the manufacturing jobs or we are gonna be hurting real bad real soon. I don't see how it could be done though unless we feel like pissing off a whole lot of people.
                    I have 3 rules:

                    1) Never get less than 12 hours sleep
                    2) Never play poker against a guy that has the same name as a city.
                    3) Never date chicks that have tattoos of daggers.

                    Comment

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