# The "Oil Prices" thread. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\ **Posts on this page:** 20\ **Page:** 41
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 16, 2008, 10:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/801 "2008-07-16T10:45:01Z")
> [@JayS](#): > > He’s on the phone right now having Brown and Williamson explain why smoking is good for you, and how anyone who doesn’t understand that clearly doesn’t understand modern medicine. Smoking what? :burnin: is apparently modern medicine.😃 ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [July 16, 2008, 11:00am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/802 "2008-07-16T11:00:04Z")
Mike, I really think that if people don’t know you personally, they take some of what you post differently than those of us that have the pleasure(?) of knowing you 😉 ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 16, 2008, 12:18pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/803 "2008-07-16T12:18:49Z")
> [@evolve](#): > > Mike, I really think that if people don’t know you personally, they take some of what you post differently than those of us that have the pleasure(?) of knowing you 😉 I am glad you mentioned that. Unless I take the time to s-p-e-l-l everything out people make all sorts of wacky assumptions. It is probably my fault that I don’t take the time to do it. Oh well. ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [July 16, 2008, 1:06pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/804 "2008-07-16T13:06:17Z")
dont make me bring up the gas cover story 😛 ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 16, 2008, 1:29pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/805 "2008-07-16T13:29:44Z")
> [@evolve](#): > > dont make me bring up the gas cover story 😛 If I were short like you it would not have been an issue.😛 ---
**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\ **Post date:** [July 16, 2008, 1:50pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/806 "2008-07-16T13:50:18Z")
> [@evolve](#): > > dont make me bring up the gas cover story 😛 Oh by all means…please do 🙂 ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [July 16, 2008, 1:51pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/807 "2008-07-16T13:51:55Z")
> [@AWDrifter](#): > > If I were short like you it would not have been an issue.😛 lols sometimes it just takes a young mind. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 17, 2008, 7:09am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/808 "2008-07-17T07:09:29Z")
^Ok smart ass, whipper snapper back on topic… [http://www.voanews.com/english/2008-07-16-voa31.cfm](http://www.voanews.com/english/2008-07-16-voa31.cfm) ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [July 17, 2008, 7:29am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/809 "2008-07-17T07:29:47Z")
136.38 predictions? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [July 17, 2008, 7:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/810 "2008-07-17T07:46:37Z")
Several oil effecting reports are due out today. All depends on what they say. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [July 17, 2008, 7:47am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/811 "2008-07-17T07:47:02Z")
links? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [July 17, 2008, 7:50am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/812 "2008-07-17T07:50:42Z")
[http://www.forbes.com/markets/2008/07/16/oil-jpmorgan-ebay-markets-cx\_cw\_0716transclose.html](http://www.forbes.com/markets/2008/07/16/oil-jpmorgan-ebay-markets-cx_cw_0716transclose.html) A lot of the drop was attributed to speculation that the downturn in the economy was going to greatly decrease our demand. If a lot of those earnings reports look good expect oil to rebound along with them. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 17, 2008, 8:24am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/813 "2008-07-17T08:24:26Z")
^But maybe their earnings were poor. j/k it’s oil. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 17, 2008, 10:28am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/814 "2008-07-17T10:28:55Z")
Speaking of energy… I just went to the Pizza Hut for lunch and there was a sign stating that there will be no chicken wing pizza in the buffet because the chicken was too expensive.:lol: Why am I posting this in an energy related thread? I am guessing the chicken eat corn and the corn is now being used for ethanol which drove up the price to feed chickens. I remember when chicken was the cheap meat.:biglaugh: I don’t know why I am laughing. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [July 17, 2008, 10:30am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/815 "2008-07-17T10:30:09Z")
> [@AWDrifter](#): > > …I don’t know why I am laughing. because you are not poor and you can afford the chicken anyway $131.22 ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [July 17, 2008, 10:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/816 "2008-07-17T10:32:40Z")
> [@boardjnky4](#): > > $131.22 It’s all over the place right now. Lets see where it settles. The rest of the market is on a rally right now too. One problem. The average bear market is 18 months and we’re at about 8-10 into the cycle. I’d like to say we’ve seen the worst but I have my doubts. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [July 17, 2008, 10:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/817 "2008-07-17T10:46:12Z")
today has certainly been a rollercoaster ride ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 17, 2008, 10:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/818 "2008-07-17T10:46:55Z")
> [@JayS](#): > > A lot of the drop was attributed to speculation that the downturn in the economy was going to greatly decrease our demand. Maybe this too… July 15, 2008: President Bush rescinds Executive Order banning offshore drilling. Price of oil at close on July 14 — $145.18. Price of oil at close on July 16 — $134.60. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [July 17, 2008, 11:05am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/819 "2008-07-17T11:05:33Z")
> [@AWDrifter](#): > > Maybe this too… > > July 15, 2008: President Bush rescinds Executive Order banning offshore drilling. > Price of oil at close on July 14 — $145.18. > Price of oil at close on July 16 — $134.60. Not likely. Drilling = long term. Yes, it’s part of the solution, but even if Congress would have joined Bush and said “lets start drilling today”, which they didn’t, new oil is 5 years out. The possibility of some new oil 5 years from now doesn’t change the market $11 in 2 days. The price dropped because our supplies are up (oil, gas and distilates), tension with Iran are down, and with the bleak economic outlook they expect US demand to drop. That last one has me on edge. All this doomsday stuff came from Freddie/Fannie and IndyMac. Freddie/Fannie had all that trouble because some jackass leaked a government report showing the government was making plans in case Freddie/Fannie went bust. Everyone panicked and read that as “Freddie/Fannie are going to go bust”, and all the lemmings jumped off the cliff. Now people are realizing that making these plans is what responsible governments do, even when they don’t think it’s likely to happen. Freddie and Fannie stock is coming back as the lemmings that survived the fall climb back up the cliff. IndyMac’s crash was one part getting sucked into the bank panic, and it would appear from the FBI investigation, one part internal fraud. So if the market really isn’t that bad, how long before the speculators jump back into oil when they speculate our demand isn’t going to drop that much? ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [July 17, 2008, 11:11am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/820 "2008-07-17T11:11:33Z")
what about the issue with the Euro ?? and how they now have to pay with that [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=40) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=42)