OIL IS CRASHING ( Archived) (38)

Jul 15, 2008 12:06 PM CST OIL IS CRASHING
it's down to $136.92 down $8.22 as of right now. It's falling so fast I can't keep up with it.
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Jul 15, 2008 12:10 PM CST OIL IS CRASHING
riyablossom
riyablossomriyablossomsomewhere, Pennsylvania USA184 Threads 18 Polls 11,244 Posts
wow ...
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Jul 15, 2008 12:10 PM CST OIL IS CRASHING
friendsfirst
friendsfirstfriendsfirstBurbank, Illinois USA105 Threads 1 Polls 5,965 Posts
ooby_dooby: it's down to $136.92 down $8.22 as of right now. It's falling so fast I can't keep up with it.


Get short oil futures.wink
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Jul 15, 2008 12:11 PM CST OIL IS CRASHING
friendsfirst
friendsfirstfriendsfirstBurbank, Illinois USA105 Threads 1 Polls 5,965 Posts
riyablossom: wow ...


Perfect timing.wave hug yay
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Jul 15, 2008 12:12 PM CST OIL IS CRASHING
shipoker55
shipoker55shipoker55St. Petersburg, Florida USA211 Threads 2 Polls 9,362 Posts
donb't get too happy....remember the last time it started falling????
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Jul 15, 2008 12:12 PM CST OIL IS CRASHING
kurzita
kurzitakurzitaXaghra, Gozo Malta9 Threads 1,019 Posts
Good.

Maybe it will crash enough to remove the stranglehold that the producing countries and related consortiums have on all our throats......

cool
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Jul 15, 2008 12:16 PM CST OIL IS CRASHING
pyaremohan
pyaremohanpyaremohandelhi, Delhi India19 Threads 1,084 Posts
hedging n futures trading r the main culprits not the producers.
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Jul 15, 2008 12:18 PM CST OIL IS CRASHING
kurzita
kurzitakurzitaXaghra, Gozo Malta9 Threads 1,019 Posts
pyaremohan: hedging n futures trading r the main culprits not the producers.


Possibly modern society's total dependance on fossil fuel to function even more so......

cheers
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Jul 15, 2008 12:21 PM CST OIL IS CRASHING
pyaremohan
pyaremohanpyaremohandelhi, Delhi India19 Threads 1,084 Posts
kurzita: Possibly modern society's total dependance on fossil fuel to function even more so......



right.....we(humans) dont think collectively.it takes a al gore to bring the environment issue into the focus.....oil crisis could have been averted we we took steps way back in 2004 n likewise to alternate sources of energy maybe cuttin down on our energy needs .
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Jul 15, 2008 12:23 PM CST OIL IS CRASHING
pyaremohan
pyaremohanpyaremohandelhi, Delhi India19 Threads 1,084 Posts
pyaremohan: right.....we(humans) dont think collectively.it takes a al gore to bring the environment issue into the focus.....oil crisis could have been averted we we took steps way back in 2004 n likewise to alternate sources of energy maybe cuttin down on our energy needs .



if we took........energy ,population,purchasing power -disparity is ruling the world.
But gradually i think we all r gonna suffer.
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Jul 15, 2008 12:25 PM CST OIL IS CRASHING
HJFinAZ
HJFinAZHJFinAZSun CIty, Arizona USA870 Threads 1 Polls 17,068 Posts
pyaremohan: right.....we(humans).it takes a al gore to bring the environment issue into the focus.....


OH HELL YES!!frustrated

Him and his oh so environment friendly mansion...rolling on the floor laughing rolling on the floor laughing
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Jul 15, 2008 12:30 PM CST OIL IS CRASHING
pyaremohan
pyaremohanpyaremohandelhi, Delhi India19 Threads 1,084 Posts
HJFinAZ: OH HELL YES!!

Him and his oh so environment friendly mansion...


I was just giving an example that it takes powerful ppl to bring the issue into light, al gore's electricity bill maybe runnin into thousands but he did a great job.
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Jul 15, 2008 12:30 PM CST OIL IS CRASHING
gorgeous210
gorgeous210gorgeous210Galway, Ireland2 Threads 398 Posts
And now the farmers are getting subsidies to turn their crops in for Bio fuel instead of Food.frustrated
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Jul 15, 2008 12:43 PM CST OIL IS CRASHING
kurzita
kurzitakurzitaXaghra, Gozo Malta9 Threads 1,019 Posts
There's just too much money still to be made from oil...

otherwise how come that Hydrogen cars haven't yet been produced en-masse?

They were already in existance fifteen years ago.....

There are cities in Germany which are alredy running buses on this fuel.....and the only exhaust it produces is water vapour.....

Solar......so easy and so cheap to produce it's not true....but yet finding it difficult to infiltrate in major countries.....

Wind turbines.....look at Scandinavian countries......

If taken seriously, alternative can work.

But we must first get rid of the consortiums that control fossil fuels.....which is next to impossible at the moment.....

cool
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Jul 15, 2008 12:59 PM CST OIL IS CRASHING
lonelyboi2
lonelyboi2lonelyboi2mississauga, Ontario Canada7 Threads 89 Posts
ooby_dooby: it's down to $136.92 down $8.22 as of right now. It's falling so fast I can't keep up with it.


its good to hear that its coming down, i already gave my right nut last week, i've grown way to fond of the other one to give it up!!!!
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Jul 15, 2008 1:09 PM CST OIL IS CRASHING
princess49503
princess49503princess49503grand rapids, Michigan USA18 Threads 1 Polls 1,485 Posts
i googled the S&P and it says

82.48 -4.35 (-5.01%) Jul 15 2:05pm ET


that can't that be right? confused
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Jul 15, 2008 1:13 PM CST OIL IS CRASHING
pyaremohan
pyaremohanpyaremohandelhi, Delhi India19 Threads 1,084 Posts
kurzita: There's just too much money still to be made from oil...

otherwise how come that Hydrogen cars haven't yet been produced en-masse?

They were already in existance fifteen years ago.....

There are cities in Germany which are alredy running buses on this fuel.....and the only exhaust it produces is water vapour.....

Solar......so easy and so cheap to produce it's not true....but yet finding it difficult to infiltrate in major countries.....

Wind turbines.....look at Scandinavian countries......

If taken seriously, alternative can work.

But we must first get rid of the consortiums that control fossil fuels.....which is next to impossible at the moment.....



u r right n wrong.hydrogen fuel cells r not economical, where will the petroheads find the zing of acceleration from.......solar energy can not be used throughout..the beauty of fossil fuels is that they r portable.
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Jul 15, 2008 1:21 PM CST OIL IS CRASHING
kurzita: There's just too much money still to be made from oil...

otherwise how come that Hydrogen cars haven't yet been produced en-masse?

They were already in existance fifteen years ago.....

There are cities in Germany which are alredy running buses on this fuel.....and the only exhaust it produces is water vapour.....

Solar......so easy and so cheap to produce it's not true....but yet finding it difficult to infiltrate in major countries.....

Wind turbines.....look at Scandinavian countries......

If taken seriously, alternative can work.

But we must first get rid of the consortiums that control fossil fuels.....which is next to impossible at the moment.....
Just Water would be nice!!!Different forms of Nitrogen Oxides have to still be dealt with.
Besides,Hydrogen isn't exactly harmless.!!

In response to: If taken seriously, alternative can work.
and create a totally different Environmental Impact.
The more Electronics and Energy-saving Devices the greater the Impact!!!!
All that glitters ain't Gold,might just only be Iron Pyrites!
grin cool
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Jul 15, 2008 1:24 PM CST OIL IS CRASHING
princess49503
princess49503princess49503grand rapids, Michigan USA18 Threads 1 Polls 1,485 Posts
princess49503: i googled the S&P and it says

82.48 -4.35 (-5.01%) Jul 15 2:05pm ETthat can't that be right?


no it's not right, it's $138 a barrel
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Jul 15, 2008 1:24 PM CST OIL IS CRASHING
pyaremohan: right.....we(humans) dont think collectively.it takes a al gore to bring the environment issue into the focus.....oil crisis could have been averted we we took steps way back in 2004 n likewise to alternate sources of energy maybe cuttin down on our energy needs .
Nope there are about 6 billion Brains between about 6 billion Human Beings!!
There IS NO Oil Crisis.
Just a Crisis of Stupidity!!!!!rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing
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