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2007-01-04 Home Front Economy

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Posted by Steve White 2007-01-04 00:00|| || Front Page|| [2 views since 2007-05-07] Top

#1 ...Part of me is just cynical enough to say that this is the usual post-holiday price letdown, and it MIGHT get back down around $2.05 or so here - then some as*hole is going to scream, "Tension in the Middle East!" and it goes back up to $2.25 again.

Mike

Posted by Mike Kozlowski 2007-01-04 08:26|| 2007-01-04 08:26|| Front Page Top

#2 As of Jan., 4 2007 10.53AM (EST)
Light, sweet crude for February delivery fell $1.30 to $57.02 a barrel in morning trading on the New York Mercantile Exchange, after dipping as low as $56.86. On Wednesday, the contract plunged $2.73 to $58.32 a barrel, the biggest one-day drop since Aug. 17, 2005.

Posted by DepotGuy 2007-01-04 10:57|| 2007-01-04 10:57|| Front Page Top

#3 As long as the price of oil is high, new technologies like oil shale extraction and photo-voltaics will continue to advance and become cost effective. If the oil ticks - is it mean to call them that? - had any sense they would drop the price drastically. Unfortunately for them, they are as hooked on the income as we are on the energy.

Posted by SteveS 2007-01-04 21:58|| 2007-01-04 21:58|| Front Page Top

15:15 wxjames
23:46 Ricky bin Ricardo (Abu Babaloo)
23:32 Ricky bin Ricardo (Abu Babaloo)
23:30 Ricky bin Ricardo (Abu Babaloo)
23:23 SteveS
23:22 Verlaine
23:20 ed
23:16 Mike N.
23:13 USN, ret.
23:11 USN, ret.
23:11 SteveS
23:06 ed
23:02 mrp
23:01 JosephMendiola
23:01 USN, ret.
23:00 Frank G
22:54 USN, ret.
22:52 Killer Rabbit
22:49 Frank G
22:49 USN, ret.
22:47 Frank G
22:46 Frank G
22:45 ed
22:45 Frank G