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PeakOil is You

PeakOil is You

Oil price below $40

Discussions about the economic and financial ramifications of PEAK OIL

Oil price below $40

Unread postby barbara23 » Tue 23 Dec 2008, 11:17:59

Hi guys! Are you ready to celebrate your holidays? Got your turkey already? :P

Start of the week, Oil prices slid below $40 a barrel on poor corporate reports and continuing signs that demand was further deteriorating. Despite a record production cut by OPEC last week, many analysts are skeptical on the oil cartel's compliance in the supply cut. Crude oil fell on speculation that OPEC would be unable to boost prices as the global recession curbs demand faster than the group can cut production. Crude oil for February delivery were down 0.6 percent to $39.66 a barrel.

Regarding our yellow metal, on Monday, Gold rose as the dollar declined and oil prices jumped, boosting the appeal of the precious metal as an alternative investment. Gold futures for February delivery added 0.9 percent to $844.90 an ounce on the New York Mercantile exchange's comex division.

Cheers!

Barbie :)

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Re: Oil below $40

Unread postby mattduke » Tue 23 Dec 2008, 11:23:16

$40 oil? We have a clear case of consumers gouging producers.
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Re: Oil below $40

Unread postby Chuckmak » Tue 23 Dec 2008, 14:44:24

are you hot, barbara? that's all i really care about.
"if god doesn't exist, it is necessary that we invent him" - Voltaire

"they say prescott bush funded hitler" - Nas

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Re: Oil below $40

Unread postby Jotapay » Tue 23 Dec 2008, 15:02:54

Chuckmak wrote:are you hot, barbara? that's all i really care about.


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Re: Oil below $40

Unread postby barbara23 » Tue 06 Jan 2009, 16:11:42

Chuckmak wrote:are you hot, barbara? that's all i really care about.


Of course, and smart... so smart that I married a good, intelligent and caring man :oops:
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Re: Oil below $40

Unread postby barbara23 » Tue 06 Jan 2009, 16:17:23

Jotapay wrote:
Chuckmak wrote:are you hot, barbara? that's all i really care about.


Internet Rule 29: On the internet, all girls are men, and all kids are undercover FBI agents.


Boy, you are soooooooooo wrong... at least in my case ;-)
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Re: Oil below $40

Unread postby Jotapay » Tue 06 Jan 2009, 16:45:00

barbara23 wrote:Boy, you are soooooooooo wrong... at least in my case ;-)


You're not fooling me, Feddy McFed. :razz:
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Re: Oil below $40

Unread postby bratticus » Tue 06 Jan 2009, 17:13:08

barbara23 wrote:Oil prices slid below $40 a barrel

Fixed.
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