gas prices coming down because of iraq war - GoFuckYourself.com

pinkdollars · 04-10-2003, 06:34 PM

Oil prices fell nearly 5 percent Thursday, the biggest one-day drop since the start of the war, as Kurdish fighters took control of the oil-rich city of Kirkuk in northern Iraq, easing fears of damage to Iraqi oil fields (cnn-money).

whoo hoo

USA! USA !

DamnGoodRatio · 04-10-2003, 06:41 PM

No they didn't. It takes 3 to 6 months from extraction to sweet/sour crude. Then the market price can swing. Any changes now are a result of market influences around the turn of the year.

notion · 04-10-2003, 06:59 PM

Quote:

Originally posted by DamnGoodRatio
No they didn't. It takes 3 to 6 months from extraction to sweet/sour crude. Then the market price can swing. Any changes now are a result of market influences around the turn of the year.

I was going to say something similar, though, I heard it was 3 - 6 weeks. All in all, the price drop is not due to the war.

Keev · 04-10-2003, 07:54 PM

Somewhere Iread that just the drop in oil / gas prices would put another 150 billion dollars into the economy.

04-10-2003, 06:34 PM	#1
pinkdollars Registered User Join Date: Dec 2002 Location: MiamiSpice Posts: 48	gas prices coming down because of iraq war Oil prices fell nearly 5 percent Thursday, the biggest one-day drop since the start of the war, as Kurdish fighters took control of the oil-rich city of Kirkuk in northern Iraq, easing fears of damage to Iraqi oil fields (cnn-money). whoo hoo USA! USA ! __________________ pinkdollars.com BIG $$$ PAYOUTS - 60% of all sales!

04-10-2003, 07:54 PM	#4
Keev Confirmed User Join Date: May 2001 Posts: 5,335	Somewhere Iread that just the drop in oil / gas prices would put another 150 billion dollars into the economy. __________________ ReliableServers.com - NO REF LINK!

04-10-2003, 06:41 PM	#2
DamnGoodRatio Confirmed User Industry Role: Join Date: Feb 2003 Location: USA Posts: 855	No they didn't. It takes 3 to 6 months from extraction to sweet/sour crude. Then the market price can swing. Any changes now are a result of market influences around the turn of the year.