Oil closes below $135 after OPEC questions prices

[Emerson1]

http://hosted.ap.org/dynamic/stories/O/OIL_PRICES?SITE=AP

:eek:

[sahen]

finally...maybe OPEC is starting to see a drop off in demand and will lower the prices...if that article is correct then hopefully this will be the beginning of a downward trend, but then again who knows what will happen..

[duckpluck]

I know I find myself staying home more.

[JasperDog94]

Originally posted by duckpluck
I know I find myself staying home more. Same here.

[eagles_victory]

I sell fruits and veggies outside of a gas station and they dropped their prices from 3.97 to 3.91 today it was a pleasant surprise when I saw the lady walking out there I just knew it was going over 4 dollars a gallon

[zebrablue2]

I am sick of this whole oil mess.:dispntd:

[PhiI C]

Originally posted by sahen
finally...maybe OPEC is starting to see a drop off in demand and will lower the prices...if that article is correct then hopefully this will be the beginning of a downward trend, but then again who knows what will happen..

sahen unfortunately we are starting the hurricane season and you know what happened in 2005.

[Cameron Crazy]

Originally posted by PhiI C
sahen unfortunately we are starting the hurricane season and you know what happened in 2005. That is a very true statement. Lets just hope that OPEC and all the oil refineries out there realzie some people have to go paycheck to paycheck and while those people are banking in the money off their gas they can let up a little. I mean come on, 4 dollars a gallon? Thats rediculous.

[Old Tiger]

Originally posted by PhiI C
sahen unfortunately we are starting the hurricane season and you know what happened in 2005. also the 4th of july is coming up and they'll want to capitalize on that holliday.

[Emerson1]

Tomorrow is also fathers day. That's 10 cents right there

[lostaussie]

Originally posted by Go Blue
also the 4th of july is coming up and they'll want to capitalize on that holliday. looking at the profits they have been posting...........i would say they have capitalized enough.

[mustang04]

i would like to go beat the living crap out of any of the fat cats in the gas and oil business who are making more a year now than they were...say 5-6 years ago....

[JasperDog94]

Originally posted by mustang04
i would like to go beat the living crap out of any of the fat cats in the gas and oil business who are making more a year now than they were...say 5-6 years ago.... While you are at it, go beat the crap out of the politicians who won't let us drill in the arctic wastland because of non-existant environmental reasons.

[Old Tiger]

Originally posted by JasperDog94
While you are at it, go beat the crap out of the politicians who won't let us drill in the arctic wastland because of non-existant environmental reasons. silly....the politicians are ran by lobbyest ;)

[JasperDog94]

Originally posted by Go Blue
silly....the politicians are ran by lobbyest ;) Unfortunately you are correct.:( :mad: :mad:

[sahen]

Originally posted by mustang04
i would like to go beat the living crap out of any of the fat cats in the gas and oil business who are making more a year now than they were...say 5-6 years ago....

yah...heaven forbid they run a buisness and make more money every year...i guess of course you would only like nonprofits to succeed, every successful company in america is making more money now than they made 5-6 years ago....


the oil problem is really complex and its easiest to blame it on the oil companies but they aint the only people that are at fault...

the Saudi's did announce today they were upping production by 200,000 barrels a day for july and august, hopefully that will help in bringing the price down, OPEC has their next meeting in Sept. and typically they do what the Saudis are doing so if they are still increasing production (the last several months they have) then the rest of the OPEC countries will hopefully decide to follow suit....

[rockdale80]

Originally posted by sahen
yah...heaven forbid they run a buisness and make more money every year...i guess of course you would only like nonprofits to succeed, every successful company in america is making more money now than they made 5-6 years ago....


the oil problem is really complex and its easiest to blame it on the oil companies but they aint the only people that are at fault...

the Saudi's did announce today they were upping production by 200,000 barrels a day for july and august, hopefully that will help in bringing the price down, OPEC has their next meeting in Sept. and typically they do what the Saudis are doing so if they are still increasing production (the last several months they have) then the rest of the OPEC countries will hopefully decide to follow suit....

Companies are making more money, people are making less, and the value of the dollar is falling. AWESOME!!!:hand:

[mustang04]

Originally posted by sahen
yah...heaven forbid they run a buisness and make more money every year...

you obviously dont see the logic....

[sahen]

Originally posted by mustang04
you obviously dont see the logic....

nevermind mustang...i read ur post wrong....is ee what your saying and understand now

i would edit off your post and my response but i cant...anyway, sry

[sahen]

Originally posted by rockdale80
Companies are making more money, people are making less, and the value of the dollar is falling. AWESOME!!!:hand:

actually the dollar has been increasing in value over the last week...it says that in the article...plus i think the falling dollar is more atributed to the real estate and credit crunch than the price of oil...those problems made the value of the dollar decrease thus the price of oil increase....

[mustang04]

Originally posted by sahen
nevermind mustang...i read ur post wrong....is ee what your saying and understand now

i would edit off your post and my response but i cant...anyway, sry

its all good in the neighborhood now man :)

[JasperDog94]

Originally posted by sahen
actually the dollar has been increasing in value over the last week...it says that in the article...plus i think the falling dollar is more atributed to the real estate and credit crunch than the price of oil...those problems made the value of the dollar decrease thus the price of oil increase.... :iagree: When the dollar was weakened by the credit crunch the cost of oil went up. By no means was that the only reason, but it was a contributing factor.

Sahen...you know better than to think that good news will be reported during an election year.;)

[Antec]

My cousin is a Vice President for Shell Office in Houston

Of course Shell gas prices are the highest


He gave us run around for reasons at family gathering today

With the salary he's making (6 Figures) he doesnt have to worry