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2008-08-16 Home Front Economy
Oil price drops below $114 a barrel
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Posted by Fred 2008-08-16 00:23|| || Front Page|| [3 views ]  Top

#1 ION LIVESCIENCE > EARTH'S TECTONIC PLATES' MOTION MAY EVENTUALLY STOP.
Posted by JosephMendiola 2008-08-16 02:22||   2008-08-16 02:22|| Front Page Top

#2 Or may not. Oh, eventually, they will, when there will be no planet with a surface to move upon.

In other news, water is likely to be wet between freezing and boiling points for the duration of our universe.
Posted by Spike Uniter 2008-08-16 02:58||   2008-08-16 02:58|| Front Page Top

#3 Repeat after me. The Euro is the reserve currency of the future.

Buy gold and GreenStamps.

Posted by .5MT 2008-08-16 08:50|| www.cybernations.net]">[www.cybernations.net]  2008-08-16 08:50|| Front Page Top

#4 And on that news, I went out and traded my X5 for a new one. 4 years or 50k warranty including all maintenance. Plus I have only driven the old one 40k in 4 years.
Posted by Jack is Back!">Jack is Back!  2008-08-16 09:11||   2008-08-16 09:11|| Front Page Top

#5 I notice that with selling pressure winning out that provocative comments from belligerent leaders dont seem to have any affect on oil prices. Even the Russian attempted bombing of the oil pipeline in Georgia didn't really have much effect.
Posted by bigjim-ky 2008-08-16 11:24||   2008-08-16 11:24|| Front Page Top

#6 And on that news, I went out and traded my X5 for a new one. 4 years or 50k warranty including all maintenance. Plus I have only driven the old one 40k in 4 years.

My bossman just got a BMW X3 for less than a Dodge full size pickup, better on the fuel for the commute.

Nice ride besides.
Posted by badanov 2008-08-16 11:42|| http://www.freefirezone.org]">[http://www.freefirezone.org]  2008-08-16 11:42|| Front Page Top

#7 The Olympics are over. I would expect a sharp spike in Chinese demand is collapsing. But I would not be surprised to see China use the storage facilities and dollar reserves they have built as a weapon against us again in the future. Say January?
Posted by Nimble Spemble 2008-08-16 12:00||   2008-08-16 12:00|| Front Page Top

#8 But they have also been diversifying huge amounts of foreign capital reserves to (hee, hee) Euros,Pounds, and JapYen. So they may not be sitting as pretty as they would like us to believe. Add to that their inflation problem, and you could have a serious market correction in the next couple of years there too.
Posted by bigjim-ky 2008-08-16 12:43||   2008-08-16 12:43|| Front Page Top

#9 Repeat after me. The Euro is the reserve currency of the future.

Heh, I am pleased to announce that I am not as suggestible as I thoughtI am. I resisted with almost no effort!
Posted by Spike Uniter 2008-08-16 19:40||   2008-08-16 19:40|| Front Page Top

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