# 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:** 82
**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:** [December 17, 2008, 12:32pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1621 "2008-12-17T12:32:42Z")
> [@Clean Baldy](#): > > Huh? Isn’t it going down a GOOD thing? > > (or did you buy stock?) > > I’m saying “WOO HOO!” since I was worried my 93 would start to cost more again… He’s saying fuck you to opec because they cut production hoping to boost the price and instead it dropped. It’s just like when the boosted production during the price spike trying to lower the price, and it only made the price go higher faster. ---
**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:** [December 17, 2008, 12:36pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1622 "2008-12-17T12:36:20Z")
::buying more DIG and DXO:: I am amazed that the inverse mentality (the market does exactly the opposite of what makes sense) has spread from equity to oil now. Dollar got hammered. Supply cut. Oil goes down. ---
**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:** [December 18, 2008, 7:34am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1623 "2008-12-18T07:34:09Z")
Oil $37.96 -2.10 🤣 ---
**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:** [December 18, 2008, 7:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1624 "2008-12-18T07:39:53Z")
:tspry: enjoy it while it lasts ---
**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:** [December 18, 2008, 7:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1625 "2008-12-18T07:39:56Z")
:tup: ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [December 18, 2008, 7:58am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1626 "2008-12-18T07:58:17Z")
> [@Dr.Stevil](#): > > :tspry: > > enjoy it while it lasts lol this is the reaction to OPEC saying they are going to cut production…ili ---
**Author:** ![Superium](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/superium/32/7405_2.png) [@Superium](https://forums.speedlife.net/u/Superium)\ **Post date:** [December 18, 2008, 1:01pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1627 "2008-12-18T13:01:54Z")
$36.22 ---
**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:** [December 19, 2008, 5:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1628 "2008-12-19T05:32:21Z")
Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC’s record supply cuts. **U.S. light crude for January delivery fell $2.64 to $33.58 a barrel by 6:50 a.m.** EST. It earlier touched $33.44, the lowest since early February 2004. :fuckyouopec: ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [December 19, 2008, 6:14am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1629 "2008-12-19T06:14:23Z")
I have mixed emotions about this though. When it gets this low, it means things are going to change, and not for the better. I was so happy with ~$60 bbl ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [December 19, 2008, 6:18am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1630 "2008-12-19T06:18:03Z")
Ugh these low prices will directly effect next years bonus. I hope it goes back up! HA ---
**Author:** ![Clean\_Baldy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/clean_baldy/32/7308_2.png) [@Clean\_Baldy](https://forums.speedlife.net/u/Clean_Baldy)\ **Post date:** [December 19, 2008, 6:23am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1631 "2008-12-19T06:23:21Z")
So, if you had $10,000 right now, would you buy up some stock in oil? ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 19, 2008, 6:24am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1632 "2008-12-19T06:24:13Z")
> [@Clean Baldy](#): > > So, if you had $10,000 right now, would you buy up some stock in oil? well it obviously will go back up at some point in time… ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 19, 2008, 9:08am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1633 "2008-12-19T09:08:32Z")
Something to think about, if you had a 1964 quarter you could buy a gallon of gas right now. ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [December 19, 2008, 9:19am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1634 "2008-12-19T09:19:57Z")
shit gas is too high in ny still, its finally coming down to a sane price, it should never go above 2$ a gallon again or companys are making excessive profits. ---
**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:** [December 19, 2008, 9:34am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1635 "2008-12-19T09:34:52Z")
WAT ---
**Author:** ![Justin](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justin/32/7459_2.png) [@Justin](https://forums.speedlife.net/u/Justin)\ **Post date:** [December 19, 2008, 9:37am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1636 "2008-12-19T09:37:17Z")
> [@Blue Eyed Devil](#): > > Something to think about, if you had a 1964 quarter you could buy a gallon of gas right now. Why don’t I get that? ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [December 19, 2008, 9:38am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1637 "2008-12-19T09:38:21Z")
with the way wages ect are now a days, a quarter then is equivalent to the price of a gallon of gas now. ---
**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:** [December 19, 2008, 10:02am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1638 "2008-12-19T10:02:14Z")
Because our money used to be based on gold and built from silver, etc. The silver in a 1964 quarter is worth about $2.00.(A newer quarter no longer contains 90% silver) Our money now is basically worthless compared to several decades ago. Our dollar is worth about $.02 compared to about 80 years ago. ---
**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:** [December 19, 2008, 11:08am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1639 "2008-12-19T11:08:52Z")
It’s worth 8 cents compared to 80 years ago. ---
**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:** [December 19, 2008, 11:13am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1640 "2008-12-19T11:13:03Z")
I’m playing with trend lines on the consumer price index since 1913. There definitely seems to be a step change in inflation after we ditched the gold standard in 1971. [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=81) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=83)