Article

2015-11-14 Economy

US oil settles down $1.01, or 2.42%, at $40.74 a barrel

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Posted by Steve White 2015-11-14 00:00|| || Front Page|| [11125 views ] Top

#1 "week's loss"???? No loss for me. I just filled my tank at $1.919/gal.

Posted by Anguper Hupomosing9418 2015-11-14 03:10|| 2015-11-14 03:10|| Front Page Top

#2 I can practically smell oil ticks burning.

Posted by g(r)omgoru 2015-11-14 04:22|| 2015-11-14 04:22|| Front Page Top

#3 "I demand free gasoline because it's a human right!" - dain bramaged lefty college parasite
"I don't need oil, I ride public transportation!" - a nutter one.

Posted by Grampaw tse Tung8411 2015-11-14 07:07|| 2015-11-14 07:07|| Front Page Top

#4 Saudis got to pump a lot to pay for their war(s). Particularly when you're a one trick pony when it comes to your GDP.

Posted by Procopius2k 2015-11-14 09:42|| 2015-11-14 09:42|| Front Page Top

#5 Venezuela (the crazy country) is being burnt on both ends. Petro is basically their only source of real money (know as dollars) with falling prices less income. What's really crazy is the fact that the Regime gives away gasoline. There is a nominal price in Bolivars (LOL) but it's basically nothing, say ten cents a fillup. Not a gallon, a fillup. To maximize the crazy they buy gasoline from the U.S. Because their refineries are decaying. It's better than the best Novela.

Posted by Shipman 2015-11-14 10:28|| 2015-11-14 10:28|| Front Page Top

#6 The price of gasoline is also a bet on the (near) future of the industrial economies. As economies slide into recession the demand for oil lessens. So while supply side is pushing the price of oil lower, anticipated future demand is also.

As they say, buy gold.

Posted by Sven the pelter 2015-11-14 10:43|| 2015-11-14 10:43|| Front Page Top

#7 Fracking is to terrorism what Reagan was to communism.

Posted by Iblis 2015-11-14 11:18|| 2015-11-14 11:18|| Front Page Top

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