$105 oil

[echomodder]

Funny GM about to release the volt.

[ebacherville]

well there relese wont be big and they will be backordered till 2010 most liklly..

As for the oil we should start a new thread when it hits $150 a a barrel.. this ones pretty long.. so at this rate maybe next week some time..

[igo]

I cant believe GM's situation. It is scary seeing there stock under $10 a share. I like the idea of a new thread once we hit $150+

On, a side note. I get a lot of my oil price information form a peak oil message board on this thread:

Peak Oil News >> Forums >> Current Energy News >> Another Record ($145.85)

and the old thread (172 Pages!) where oil went from
$76.70 on 8 September 2007 to $143.67 on 30 June 2008.

Peak Oil News >> Forums >> Current Energy News >> Another Record ($143.67)

[igo]

Oil has been dropping today. It is at $135 right now. I guess this ia a market correction to the rapid increase. It might take a few weeks to build back up to +$145.

[dremd]

Originally Posted by igo

Oil has been dropping today. It is at $135 right now. I guess this ia a market correction to the rapid increase. It might take a few weeks to build back up to +$145.

So when's Pump prices going to drop? LOL

Amazing; only $135 a barrel

[ebacherville]

yeah saw the drop , only to see a increase at the pump prices.?.?. i think this is just the death throws of the economy were seeing ..

[igo]

Originally Posted by igo

Oil has been dropping today. It is at $135 right now. I guess this ia a market correction to the rapid increase. It might take a few weeks to build back up to +$145.

I guess I was wrong. It didn't take a few weeks. It took a few days. Oil just hit a new record of $147.27

Oil futures hit record high of $147.27 a barrel on Globex - MarketWatch

[dremd]

Ooh well; I know I've said this before; but I think this next fill may be my last tank of Petro Diesel.

After that I'll be gunning for$200 rather than $150

[azraelswrd]

I think pump prices are fluctuating locally, reflecting the roller coastering of the barrel price. At my station (I think our city is still the highest in America), the price dropped last week from 4.599 to 4.519 and is still there (which is what I paid for today).

It'll take a while to reach $200/barrel though I guess it all depends on what everyone else does. I know that "trickle" will hurt like hell when it does arrive.

[Peakster]

Almost $150 a barrel? And to think that it seems not that long ago that I was freaking out when it was still in the high 70-dollar range...

[Arminius]

Well, there at least one good thing about increased gas prices. Teen deaths drop.

FOXNews.com - Study: Gas Prices Go Up; Auto Deaths Go Down - Science News | Science & Technology | Technology News

[ebacherville]

oil's plumeting along with the rest of the stock market on Bernakies news this morning.. like i said the death throws of the economy..

Oils at $136 now..

[ebacherville]

now its up to $138

Death throws..

[dremd]

Originally Posted by ebacherville

oil's plumeting along with the rest of the stock market on Bernakies news this morning.. like i said the death throws of the economy..

Oils at $136 now..

Hate to ask; but what's your source Bloomberg Bloomberg.com: Energy Prices says 141.xx

[ebacherville]

watching it live from the markets.. on cnbc.. right now $137

[ebacherville]

just dropped to $136 again


gold copper and silver are all down too.. almost every thing is dropping..

[jamesqf]

Originally Posted by ebacherville

oil's plumeting...

I don't think you can call a drop of a few dollars "plummeting" :-)

[Peakster]

The markets in general are losing big time. Even the people I work with (at a bank) are stirring up commotion about falling company stock. Good thing I didn't opt for the share-purchase plan.

The only thing that seems to be doing well is the price of oil and gold. Now if only I knew how to buy some .

[Arminius]

Yeah, but now things are on sale, so it's good to think about the future time to buy. Obviously things will get a little (lot?) worse, but for a young person (with a lava lamp on a timer) it's a future opportunity. If you're not investment savvy, you should hook up with someone who is. Save up your pennies for a future investment.

[jamesqf]

Originally Posted by Arminius

Yeah, but now things are on sale, so it's good to think about the future time to buy.

Oh, yes. I remember the stock market crash back in 1987 or so. Recently out of college, and with a decent job (after years of being a starving student) finally had some savings in the bank. In the weeks after the crash, I invested most of it. Within a couple of years the market bounced back, and I made enough profit to put a good downpayment on my first house.

Remember the basic market advice: buy low, sell high. Too many people seem to do just the opposite. They buy when things are popular & prices are going up, then sell when they fall.