# 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:** 83
**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, 11:41am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1641 "2008-12-19T11:41:16Z")
You get the point, right? ---
**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 19, 2008, 11:49am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1642 "2008-12-19T11:49:50Z")
> [@Blue Eyed Devil](#): > > 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. Of course, in 1964 making $6000/year made you “middle class”, so it’s all relative. > **[What Happened in 1964 inc. - Significant Events, Prices, 1964 Top Movies, TV...](https://www.thepeoplehistory.com/1964.html)** > > 1964 Prices with Wages, Houses and Gas, Toys, Fashions and Furniture, Vietnam War intensifies, Boston Strangler captured, Cassius Clay becomes World Heavyweight Champion, 24th Amendment to the Constitution Ratified ... ---
**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, 12:02pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1643 "2008-12-19T12:02:37Z")
> [@Blue Eyed Devil](#): > > You get the point, right? Yeah inflation ramped up when we ditched it. It looks like the dollar stabilized too though. 🤓 ---
**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 31, 2008, 11:47am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1644 "2008-12-31T11:47:14Z")
Oil $43.42 +4.39 ---
**Author:** ![BigEd88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/biged88/32/5064_2.png) [@BigEd88](https://forums.speedlife.net/u/BigEd88)\ **Post date:** [December 31, 2008, 5:47pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1645 "2008-12-31T17:47:16Z")
with all the production cuts will that cause a huge summer spike when more oil is actually needed? Will we see a price kind of stabilize somewhere? ---
**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:** [January 6, 2009, 5:53am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1646 "2009-01-06T05:53:37Z")
> [@BigEd88](#): > > with all the production cuts will that cause a huge summer spike when more oil is actually needed? > > Will we see a price kind of stabilize somewhere? of course it will. Probably $5 or $6 a gallon maybe even $7. ---
**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:** [January 6, 2009, 5:53am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1647 "2009-01-06T05:53:54Z")
Crude reclaims $50-a-barrel mark $50.03 ---
**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:** [January 6, 2009, 6:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1648 "2009-01-06T06:57:06Z")
> [@BigEd88](#): > > with all the production cuts will that cause a huge summer spike when more oil is actually needed? > > Will we see a price kind of stabilize somewhere? Never for long. Too much political instability on the production side, and economic instability + long run exponential growth on the consumption side. Plus I just made that up because I really don’t know, nor does anyone for sure. ---
**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:** [January 7, 2009, 8:58am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1649 "2009-01-07T08:58:31Z")
Oil $45.08 -3.50 ---
**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:** [January 7, 2009, 9:06am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1650 "2009-01-07T09:06:20Z")
> [@j\_espo1](#): > > Oil $45.08 -3.50 In case you haven’t figured it out, slumping international economy \> Israel beating the piss out of Gaza and doing nothing to disrupt the oil flowing from the middle east. The jump oil took was complete speculative bullshit because nothing in the Israeli/Hamas conflict has effected the supply of oil. ---
**Author:** ![camarojoe](https://avatars.discourse-cdn.com/v4/letter/c/c67d28/32.png) [@camarojoe](https://forums.speedlife.net/u/camarojoe)\ **Post date:** [January 7, 2009, 9:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1651 "2009-01-07T09:32:36Z")
Most gas stations pricing stated the same, but I saw one that jumped .12 in a day. ---
**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:** [January 7, 2009, 9:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1652 "2009-01-07T09:39:39Z")
> [@JayS](#): > > In case you haven’t figured it out, slumping international economy \> Israel beating the piss out of Gaza and doing nothing to disrupt the oil flowing from the middle east. > > The jump oil took was complete speculative bullshit because nothing in the Israeli/Hamas conflict has effected the supply of oil. well aware of it bro. :tup: ---
**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:** [January 7, 2009, 11:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1653 "2009-01-07T11:39:11Z")
Oil $43.41 -5.16 ---
**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:** [January 7, 2009, 12:41pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1654 "2009-01-07T12:41:59Z")
If it hits 39 again, I’m buying some oil futures to wait for the next “speculation” $10 increase! Even with $1000… you can buy 25 shares, and make $250 every 10 point increment it goes up. Or, it could plummet down to $5 and stay there forever? Is that possible? ---
**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:** [January 7, 2009, 12:43pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1655 "2009-01-07T12:43:45Z")
look at the symbol DXO. It’s an exchange traded fund that basically does 2x whatever crude oil does that day, on a percentage basis. ---
**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:** [January 7, 2009, 12:55pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1656 "2009-01-07T12:55:05Z")
Oil prices fell in one of the biggest single-day declines in history Wednesday, after a woeful supply report gave previously bullish investors little reason to believe oil would sustain a rally anytime soon.Oil tumbles 12% on still-growing supply Government report shows huge buildup in crude supplies, an additional sign that demand is falling. U.S. crude for February delivery fell $5.95, or 12.3%, to settle at $42.63 a barrel, a day after soaring past $50 in intraday trading. ---
**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:** [January 8, 2009, 11:35am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1657 "2009-01-08T11:35:34Z")
[Oil](http://www.marketwatch.com/quotes/?sid=3343724) $40.68 -1.95 ---
**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:** [January 8, 2009, 11:38am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1658 "2009-01-08T11:38:14Z")
We need to build about 10 more SPR’s and top those babies off while the price is low. 🙂 ---
**Author:** ![BigEd88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/biged88/32/5064_2.png) [@BigEd88](https://forums.speedlife.net/u/BigEd88)\ **Post date:** [January 8, 2009, 3:06pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1659 "2009-01-08T15:06:52Z")
> [@j\_espo1](#): > > [Oil](http://www.marketwatch.com/quotes/?sid=3343724) > $40.68 -1.95 seeing that 52wk high compared to what it is now is a heck of a margin. 52-Wk High: 07/11$147.55 52-Wk Low: 12/19$32.40 ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [January 8, 2009, 3:20pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1660 "2009-01-08T15:20:06Z")
I’ve been keeping my tank ful, trying to make up for the money I lost buying 4$ gas [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=82) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=84)