# The "Oil Prices" thread.

**URL:** <https://forums.speedlife.net/t/the-oil-prices-thread/44739>\
**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:** 47

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [July 28, 2008, 10:19am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/921 "2008-07-28T10:19:45Z")

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> [@JayS](#):
>
> I’m ready to drill in lots of places

RedGoober?

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**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 28, 2008, 10:27am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/922 "2008-07-28T10:27:20Z")

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> [@Nikuk](#):
>
> RedGoober?

:touchy:

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**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 28, 2008, 11:11am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/923 "2008-07-28T11:11:53Z")

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I paid 3.82 in Pittsburgh over the weekend

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**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\
**Post date:** [July 28, 2008, 11:19am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/924 "2008-07-28T11:19:33Z")

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> [@justa4door](#):
>
> I paid 3.82 in Pittsburgh over the weekend

same here. Damn it was nice to see those lower prices.

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**Author:** ![psphinx81](https://avatars.discourse-cdn.com/v4/letter/p/e9a140/32.png) [@psphinx81](https://forums.speedlife.net/u/psphinx81)\
**Post date:** [July 28, 2008, 11:21am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/925 "2008-07-28T11:21:40Z")

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sweet, im still paying $7/gal :tup:

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**Author:** ![Supraman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/supraman/32/7307_2.png) [@Supraman](https://forums.speedlife.net/u/Supraman)\
**Post date:** [July 28, 2008, 2:42pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/926 "2008-07-28T14:42:52Z")

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$4.09 this weekend @ bjs in tonawanda.

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**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 28, 2008, 3:31pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/927 "2008-07-28T15:31:14Z")

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$4.19 in Akron…was $4.19 the other day, then went back up to $4.26, then back to $4.19

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**Author:** ![AfXtc777](https://avatars.discourse-cdn.com/v4/letter/a/a9adbd/32.png) [@AfXtc777](https://forums.speedlife.net/u/AfXtc777)\
**Post date:** [July 28, 2008, 10:39pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/928 "2008-07-28T22:39:23Z")

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$3.74 at costco today

Florida\>

Anyone else have the what the fuck look on their face right now with all the excitement of paying in upwords of $3.80 a gallon?

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**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 29, 2008, 7:13am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/929 "2008-07-29T07:13:32Z")

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[http://money.cnn.com/2008/07/29/markets/oil/index.htm?postversion=2008072909](http://money.cnn.com/2008/07/29/markets/oil/index.htm?postversion=2008072909)

Heading down again.

I think 120 is a resistance point. If it falls below that you may see the fall accelerate.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [July 29, 2008, 7:15am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/930 "2008-07-29T07:15:52Z")

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OPEC President thinks it should be at 78, huh? Let’s see some big players move over to the short side.

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**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\
**Post date:** [July 29, 2008, 7:18am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/931 "2008-07-29T07:18:50Z")

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come on sub 100 a barrel

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**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 29, 2008, 7:28am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/932 "2008-07-29T07:28:36Z")

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$121.41

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**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\
**Post date:** [July 29, 2008, 7:30am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/933 "2008-07-29T07:30:40Z")

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wow

I really was not expecting much of a drop this week at all. Things are looking great!!

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**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\
**Post date:** [July 29, 2008, 8:21am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/934 "2008-07-29T08:21:09Z")

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:grouphug:  
$120.78

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**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [July 29, 2008, 8:27am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/935 "2008-07-29T08:27:00Z")

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> [@Fry](#):
>
> :grouphug:  
> $120.78

:awdrifter:

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**Author:** ![9c1ny](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/9c1ny/32/5050_2.png) [@9c1ny](https://forums.speedlife.net/u/9c1ny)\
**Post date:** [July 29, 2008, 8:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/936 "2008-07-29T08:39:57Z")

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gas is down to like $3.65 a gallon on the rez

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**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [July 29, 2008, 11:31am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/937 "2008-07-29T11:31:13Z")

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> [@JayS](#):
>
> [Oil settles down $2.54 on comments from OPEC president - Jul. 29, 2008](http://money.cnn.com/2008/07/29/markets/oil/index.htm?postversion=2008072909)
> 
> Heading down again.
> 
> I think 120 is a resistance point. If it falls below that you may see the fall accelerate.

We’re seeing both statistical and anecdotal evidence of very rapidly weakening demand picture," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.  
**The declines accelerated after oil briefly dipped below $122, a key resistance level that triggered technical selling by computers programed to dump oil contracts once prices fall below a certain threshold. The next technical level traders are watching is $117.**  
“I think we could see $117 a barrel in a one-week time frame, and this market could eventually get to $100,” Ritterbusch said.

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<div class="post-metadata">

**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 29, 2008, 11:58am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/938 "2008-07-29T11:58:46Z")

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^ Ok, so I was off by a couple dollars each way. Still, the boundry is right around $120 and I think that was pretty good for pulling that number out of my ass. 🙂

Come on 119.xx and watch it really slide.

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**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [July 29, 2008, 12:19pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/939 "2008-07-29T12:19:56Z")

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> [@JayS](#):
>
> Still, the boundry is right around $120 and **I think that was pretty good for pulling that number out of my ass**. 🙂

oh for sure that was a helluva guess. :tup:  
:bigclap:

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<div class="post-metadata">

**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [July 29, 2008, 3:47pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/940 "2008-07-29T15:47:13Z")

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closed at $122.13 ☹

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