Comments on: Oil Prices Tumble Amid Economic Worries

Stock Selloff Underscores Investor Uncertainty About Effect Of Sky-High Prices

[Gary Kempf]

Many of these traders are sitting in their comfy palace(s) in the Middle East or in the executives'''' seats at the big oil companies. None of whom would suffer if the American economy collapsed... as there are many others who would ensure their continued comfort and prosperity!

(our government)

America''''s days are numbered.


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Posted by DaysRnumbrd

That is why controls on speculation need to be controlled.....

[stn_sage]

I''d say the following:

1. Funny that some rumbling of bank(s) collapsing, and the price of a barrel of crude will drop $10 bucks. As if, knowing that some people may have a lot less to spend on gas, will lower it a bit, so it''s not quite as hard to scrape up the money for it! In other words, lower the hoop so Fido can jump through it!

2. These ''gyrations'' suggest the market is definitely NOT being determined by supply and demand! That there''s a LOT of manipulation going ON! And if that''s the case, Bush should have taken action and done something a long time ago! But, obcourse he''s sitting back watching his country''s economy and citizens'' economic health negatively impacted upon for ages to come!

3. Congress needs to FORCE him to act! Even if, this requires an immediate vote on the resolution to impeach him!

Finally, what''s going on now is totally irresponsible and reflects poorly on the government!

[petro49l]

The Saudis are not worried that oil prices fall. George W. Bush has started trouble with Iran. This is the convenient excuse to raise the price for a barrel of oil. With the Iranis out of the way, the sky is the limit for petroleum cost.

[smurfcrusher]

"Prices at one point dropped more than $10 a barrel from the day''s high. "

Bush & co. would have you believe oil speculators have little effect on price.

I suppose if I was a dishonest oil man, I might say the same. But I''m not.

Keep in mind, these are the ''easily spooked'' oil speculators that caused that $10 plunge. As oil futures collapse, you can expect to see $50 drop in price in the next 5 years.

[daysrnumbrd]

How about the collapse of our economy brought on by these oil traders. Is that a strong enough of a signal?????????

Posted by navpro at 01:11 PM : Jul 15, 2008
...........

Many of these traders are sitting in their comfy palace(s) in the Middle East or in the executives'' seats at the big oil companies. None of whom would suffer if the American economy collapsed... as there are many others who would ensure their continued comfort and prosperity!

(our government)

America''s days are numbered.

[smurfcrusher]

" Bush: Congress standing between Americans and offshore oil"

Bush is relying on ignorance to push Congress to degrade our environment.

Any oil extracted from his proposed offshore drilling would not only degrade the environment,

- but would take 10 years to hit the market

- would be sold globally, not kept here

- would drop the price of gas by about a nickel

Not to mention exacerbate global warming.

If Bush used the $600 Billion in his war of choice to create more solar and wind power, instead of burning oil in his war machine, we wouldn''t have this problem.

[anecdote1]

Yesterday it skyrocketed due to economic worries.
Posted by GOP_forever at 01:40 PM

No, that was due to economic uncertainty, big difference compared to economic worries.

[arnldmartin]

Boy have you got that right ,Navpro!!

[Gary Kempf]

"Traders are always looking for signals

How about the collapse of our economy brought on by these oil traders. Is that a strong enough of a signal?????????