# 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:** 1\
**Showing post:** 767

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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 15, 2008, 9:02am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/767 "2008-07-15T09:02:41Z")

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> [@CrazyLT1](#):
>
> Any word on what cuased this big drop? The price had been just increasing slowly this morning.

[http://money.cnn.com/2008/07/15/markets/oil/index.htm?cnn=yes](http://money.cnn.com/2008/07/15/markets/oil/index.htm?cnn=yes)

> Oil prices plummeted Tuesday, down as much as $9.26 a barrel, as investors feared that the nation’s financial woes could cut into demand.

AKA, this is just more stupidity in the investment circles. Expect oil to go right back up again, and continue these wild rides between $130 and $150 until Congress does something to force oil back toward supply and demand pricing.

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