Comments on: Oil Prices Keep Dropping On Demand Worries

Continuing Slide Has Gasoline Prices Down As Well; Dollar Makes Slight Gain Against Euro

[jmurrieta1]

After 8 years of unfettered power, the Republicans have done NOTHING, Zero, Zilch, to address our energy problems.

After almost 30 years in Congress, bought and paid for by his beer heiress wife, John McCain has done NOTHING, Zero, Zilch to address our energy problems.

It''s seriously time for a change. The Republican party is a total failure.

So step aside and let some grownups run things for a change.

[greeneyes222]

So the higher price of oil was driven by speculation after all - and can fall based on fears.

If ever I saw an industry crying out for regulation - after banking, importing, and transportation - this is it.

[greeneyes222]

So the higher price of oil was driven by speculation after all - and can fall based on fears.

If ever I saw an industry crying out for regulation - after banking, importing, and transportation - this is it.

[checkthepast]

For those who think that their "new word" neo-con is cool to blame everything on.....

"neoconservatives - liberals who have moved to the right"

At least you are insulting only your own that are finally waking up and not the core who have always known that if you are not right you will be left.

[tawpdawg111]

THE PRICES CAN''T BE FALLING!

WE HAVEN"T PASSED "DRILL HERE, DRILL NOW, PAY LESS AT THE PUMP" YET!

Unless maybe it was the "speculators" all along and they are unwinding their positions.

One thing we DO need in order to be less beholding to OPEC is legislation (with TEETH!) that says ALL oil coming out of the ground in America or American waters STAYS RIGHT HERE in AMERICA!

Can I get a HARUMPH?

[randynason]

I don''t see anything wrong with tapping the national reserve if it provides some immediate relief to the consumer. With that in mind, we should also continue to work toward alternative fuel and energy sources. Obama''s reconsideration of some drilling is conditional upon incorporation of alternative fuel sources. McSame neglects to tell the people of this and his answer to the gas price crisis is to grant more unconditional drilling to the oil companies. That is like a death sentence for the national parks and wildlife refuge areas. Additionally, the people would not benefit from any more drilling for another 20-22 years. McSame also neglects to tell the people that oil extracted from the U.S. doesn''t stay in the U.S. It goes into a giant pool to be distributed around the world and sold to the highest bidder. McSame remains convinced that the people will remain as stupid and uninformed as they have been, this past seven and a half years. Like it, believe it or not- This is exactly what the oil companies want. They want the people to not have all the facts available and to feel divided and abandoned by their political representatives. They want to hold the people financially hostage so that they''ll grant the oil companies the unconditional right to drill, drill, drill.

[riddelup-2009]

Let us try this rational. The fed drops the prime and investors look to other investments for example commodities such as oil. Investors dive deeply into oil futures (demand for oil is normally not very responsive small price changes) driving up the price of oil. When oil prices go up it spurs more investment in oil futures. At last prices drive the demand down.During all this oil companies and oil product manufactures and distributors facilitate the price rise and deter the price fall. This would be a gamble if the profits were not backed up by tax incentives. Is this a possible occurrence ?

[wardoglrs]

Watch what happens before winter they will turn this on its head and pull the rug. This is a old Neo Con trick. And this is how it works... Make them think evrything is looking up and then "BAM" all those investers get taken again and they laugh all the way to the bank. Its a trap

[ddaryl1]

You see... a plan of curbing our consumption and using more alternative energies wil drop the price of oil faster then any offshore drilling.

Now I agree we need to remove our dependance on foriegn oil, but 1st I expect oil companies to tap every existing lease they have 1st. This is common sense. If we can not depend on the oil companies ot use existing leases then it is easy to see they are only posturing for a big time land grab.

2nd if there is any offshore drilling it better come with regulation that funnels significant revenue from the offshore drilling sites into alternative energy investments, and we won''t be trusting the oil companies to do the investing.

Offshore lands belong to the USA... and it is imparitive that we get paid well for those leases and use all of that money to fund alterantive energy infrastrucutre... IT IS A MUST !!!!!!!!!!

[meanbiker]

OPEC is playing a game.. it is called raise then lower then rise it higher then lower oil.. So the customer feels good.. Example.. Gas $2.75 then $3.10 then $2.90 then $3.50 then $3.15 so you feel good about only paying $3.15 instead of $3.50 when you had a $0.75 price increase in one month..

What a bargain..

[newz4i]

John''s only energy policy, drill for more in them thar hills, will drop too.

[xmanborg]

Oil Prices Keep Dropping

Now GM and Ford can start to pump out more Large SUVs and go back to the good old days to 15mpg hwy and 11city.

[Gary Kempf]

Sorry for the multiple post.

[rf35]

But did the price drop at YOUR local gas station? Don''t expect it too, either...not more than a few cents. A token drop to try and push up demand. Now that oil and gas has eased off the spike, it''s time for the gas stations to rake in record profits like their oil company brethren.

[Gary Kempf]

Oil Prices Keep Dropping On Demand Worries

We will see, How about because it is been manipulated to death.....

[Gary Kempf]

Oil Prices Keep Dropping On Demand Worries

We will see, how about because the price has been manipulated to death....

[Gary Kempf]

Oil Prices Keep Dropping On Demand Worries

We will see, How about because it is been manipulated to death.....

[Gary Kempf]

Oil Prices Keep Dropping On Demand Worries

We will see, How about because it is been manipulated to death.....