$105 oil - Page 21 - Fuel Economy, Hypermiling, EcoModding News and Forum

ebacherville · 07-17-2008, 02:21 PM

Quote:

Originally Posted by jamesqf

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

today at noonish $131 a barrel.. I call $16 or about 10% in a couple days a plummet.. well in my book I do.

Wonder how low it will go and how long it will take to hit the gas stations , if it goes below $3.25 a gallon the comicozy SUVs will return...

Golds up! for any comodity invested folks.

ebacherville · 07-17-2008, 04:23 PM

well now its $129 a barrel, lets see how long it takes to hit the pumps..

NeilBlanchard · 07-17-2008, 05:58 PM

...you'll be waiting a long time.

Chris D. · 07-17-2008, 08:00 PM

Quote:

Originally Posted by ebacherville

well now its $129 a barrel, lets see how long it takes to hit the pumps..

I will hold my breath now, see ya in the after life

Peakster · 07-17-2008, 08:17 PM

LOL! "It's only $129 a barrel"

my, how our twisted minds think that's cheap

I've been thinking of trading in my dollars for some nice gold coins or something. Better than a silly savings account with laughable interest. I just need to figure out how to buy some!

ebacherville · 07-23-2008, 11:04 AM

Quote:

Originally Posted by Peakster

LOL! "It's only $129 a barrel"

my, how our twisted minds think that's cheap

I've been thinking of trading in my dollars for some nice gold coins or something. Better than a silly savings account with laughable interest. I just need to figure out how to buy some!

Yeah interest doesn't even come close to keeping up with inflation.

Oils dropping again this morning $126.82 currently.

njlou · 07-23-2008, 12:30 PM

IF you want to buy gold - stay away from jewelry! It has too much profit already built in.
For investment, you want either (South African) Krugerands or (Canadian) Maple Leafs. They are 1ounce gold (coins). Krugerands can be bought in smaller sizes but dont bother.
FYI for some reason, probably politically (Canadian) Maple Leafs are better accepted and are more liquid. They also have a $50 "floor" value as currrency.They actually have "$50" on it. You can get them on line or from coin dealers. Be careful and watch your bid/ask.
Keep a keen eye on the market since it is a volatile commodity and is VERY emotional. It hit $1000 months ago and some thought it would keep climbing. NOT it went to the
$890's and is now~$923.

Re: gas prices, the prices today cannot last too long. They will go down big time. America has "more" money than most countries, and we cant deal with it. Other countries will fold before us. This is a huge economic disaster that cannot sustain worldwide.
It has been said that after the Olympics in China we will see some real changes. The Chinese are subsidizing their economy to make it look good for the tourists. They cannot keep up the loss.