Article

2009-05-27 Economy

Hottest Oil Options Show 18% Drop as Demand Falls

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Posted by Fred 2009-05-27 00:00|| || Front Page|| [2 views ] Top

#1 Has OPEC ever met its oil output targets when that meant a reduction in sales?

Posted by Richard of Oregon 2009-05-27 00:25|| 2009-05-27 00:25|| Front Page Top

#2 Would that the Gas prices paralleled the drop in these oil options. Manipulation?

Posted by Kofi Flomotch5556 2009-05-27 06:59|| 2009-05-27 06:59|| Front Page Top

#3 OPEC has dropped production more than 10% since the manipulation of the US financial system that guaranteed Obama's election. Let's see, 10% cut in production and prices have doubled. Think OPEC won't cut a little more production to get prices where they want?

Posted by ed 2009-05-27 07:35|| 2009-05-27 07:35|| Front Page Top

#4 Kofi
The oil companies simply throttle down production at the refineries when they need the price of gas to go up. They have us by the 'short and curlies' and they know it.

Posted by bigjim-ca 2009-05-27 13:03|| 2009-05-27 13:03|| Front Page Top

#5 The dollar is off more than 10% in the past 8-ish weeks and will head south again this week as the fed buys the new US Treasury issues that no one else wants. The price is sustainable because the dollar will fall to the point that the market will support it even with reduced demand.

Posted by AzCat 2009-05-27 14:21|| 2009-05-27 14:21|| Front Page Top

#6 It would be a good time to switch to cheap Natural Gas.

Posted by Uloluns Scourge of the Bunions1692 2009-05-27 20:41|| 2009-05-27 20:41|| Front Page Top

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