Oil falls $9 in 5 minutes

**96ukssob** · 07-15-2008, 07:17 AM

Originally posted by kenny

lol,

its jerking around violently.

$9 is about a 6% change... nothing much, but even if it dropped by $20 dollars today, gas prices would probably still go up

**kenny** · 07-15-2008, 07:21 AM

Originally posted by bossku69

$9 is about a 6% change... nothing much, but even if it dropped by $20 dollars today, gas prices would probably still go up

commodities aren't suppose to zigzag like this

**Trax** · 07-15-2008, 07:22 AM

Originally posted by bossku69

$9 is about a 6% change... nothing much, but even if it dropped by $20 dollars today, gas prices would probably still go up

you have no idea
$9 is a lot
way volatile

**Barefootsies** · 07-15-2008, 07:24 AM

Originally posted by bossku69

$9 is about a 6% change... nothing much, but even if it dropped by $20 dollars today, gas prices would probably still go up

**Pleasurepays** · 07-15-2008, 07:30 AM

well.... hello!? why do you think Bush is announcing opening up offshore drilling? it has less to do with oil supply than it does fucking with speculators to drive the price back down

**jollyperv** · 07-15-2008, 08:55 AM

The bubble is about to burst

**DateDoc** · 07-15-2008, 12:40 PM

Originally posted by bossku69

$9 is about a 6% change... nothing much

Nothing Much? Oil was down $7/barrel at the end of the day which is the biggest one day drop in 17 years.

**DateDoc** · 07-15-2008, 12:41 PM

Originally posted by Pleasurepays

well.... hello!? why do you think Bush is announcing opening up offshore drilling? it has less to do with oil supply than it does fucking with speculators to drive the price back down

exactly - while offshore drilling may never come to fruition the possibility of it will bring the price of oil down.

Oil falls $9 in 5 minutes

Oil falls $9 in 5 minutes

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