Oil extends slide into 2nd day, losing over $5: Financial News - Yahoo! Finance

Enjoy it. I am sure it is short lived.

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Why do people gravitate to extremes? What makes the left attractive to some and the right attractive to others? From the middle you can see both sides well.

Enjoy what? It's not like that changes the price of gasoline instantaneously.

Where I live, gas has been at $3.99 for a couple weeks, and the price of oil has gone up over $10/bbl during that time. It's almost as if they're doing everything they can to keep it from hitting $4 around here, like it's some kind of psychological mark. Maybe it is, but why fight it?

Oil has nowhere to go but up. I'm convinced we won't see oil really start to decline to where it SHOULD be until we start pulling troops from Iraq, and the possibility of military action against Iran subsides. Right now, there's just too much geopolitical uncertainty.

I'm still extremely comfortable staying long in my oil position.

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"If you analyze it I believe the very heart and soul of conservatism is libertarianism. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is."

-Ronald Reagan

The trend is still up but $140 oil is starting to change consumer behavior. I think the top in oil is approaching.

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The empiricist will change his opinion in light of contrary evidence. The ideologue will retain his opinion despite contrary evidence.

Hopefully the price will drop as fast as it climbed....
I'm not holding much hope of that though.

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Be thankful we're not getting all the government we're paying for.
Will Rogers

Socialism is a philosophy of failure, the creed of ignorance, and the gospel or envy, its inherent virtue is the equal sharing of misery.

Winston Churchill

And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country.

JFK

No man's life, liberty, or property are safe while the legislature is in session. -- Mark Twain

If we even just announced a plan to address the problem(Drilling, New fuels, More refineries, more Nuke Plants) the price would lower. Speculation goes both ways, if we give the market a reason to think we will address the problem the price will go down just from that alone.

I disagree with you guys. Most of the international community is on the edge of their seat waiting to see if we tangle with Iran. If we take military action against Iran, oil is going to skyrocket. Can you blame investors for being unsure about Bush and Cheney? I certainly can't.

I'm just not sure why an oil investor would want to leave their position right now. And I seriously doubt that just TALKING about the problems is going to change the price. Perhaps if we broke ground for some new oil fields and refineries, and people realized it was a SERIOUS effort, the market would respond. But just paying lip service to the necessary fixes isn't going to do anything. We've been hearing lip service for decades now.

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"If you analyze it I believe the very heart and soul of conservatism is libertarianism. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is."

-Ronald Reagan

In other words the Liberals have caused the soaring Gas prices with their ignorant claims we are on the verge of Invading Iran. Thanks for the heads up. Of course one wonders why 6 months before Bush is no longer President the prices soared on that scare rather then 2 years ago when it might have technically been possible for Bush to ACTUALLY attack Iran.

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The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.

-Bertrand Russell

Facts are stubborn things, but statistics are more pliable

-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.

-Maineman ( on 12 June 2007)

Yeah, that no doubt plays a role in the current prices.

You really are into using pretzel logic to pin the world's ills on these mythical boogiemen liberals you imagine exist, aren't you?

REPUBICAN PRESIDENTIAL HOPEFUL McCain rattles sabers by making statements like how its good that we're killing Iranians with cigarettes, and you still find a way to blame liberals for the price of oil?

What a piece of work you are.

you try very hard to blame the dems, dont you?

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sealybobo thinks im a racist right winger. RGS thinks im a braindead liberal. I wonder which one I am?

the best view is from the middle

“Those who are too smart to engage in politics are punished by being governed by those who are dumber.” Plato

“Politics is the gentle art of getting votes from the poor and campaign funds from the rich by promising to protect each from the other” Oscar Ameringer

"I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations. ... The means of defense against foreign danger historically have become the instruments of tyranny at home." James Madison

Technically possible? WTF are you talking about? The man is president until January, he has until then to make a move. What if a terrorist attack happens again? I mean, the government has only been doing their best to scare the shit out of us and make us think it could be any day now with a dirty bomb. As long as that threat remains clear and present, the market is going to respond and high oil prices are going to be a part of it. The days of cheap oil are over, and that has nothing to do with liberals, brotha. No matter how much you wish it did.

Anyone can feel the tensions have been building since 2 years ago. 2 years ago, there weren't all the resolutions against Iran that have passed since then, the tougher sanctions, the louder war drums...You MUST feel it, no?

Whatever your stupid ass opinion about liberals this and liberals that, the geopolitical scene is set, and you better be prepared to spend a lot of money on gasoline.

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"If you analyze it I believe the very heart and soul of conservatism is libertarianism. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is."

-Ronald Reagan

Do you know another song? Anything other than "Blame Dem Librals" would be nice.

It is nearly August and we haven't seen any scare tactics from the GOP to gain votes yet. Could it be that John McCain, unlike gw, has some class?

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Why do people gravitate to extremes? What makes the left attractive to some and the right attractive to others? From the middle you can see both sides well.

Saber rattling, hardly, saber rattling would be....."We are going to make Iran an ashtray if they don't give up their nuke program."

__________________
Be thankful we're not getting all the government we're paying for.
Will Rogers

Socialism is a philosophy of failure, the creed of ignorance, and the gospel or envy, its inherent virtue is the equal sharing of misery.

Winston Churchill

And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country.

JFK

No man's life, liberty, or property are safe while the legislature is in session. -- Mark Twain

Sending signal of international diplomacy is way more subtle than that, sport.

Except you and your liberal buddies are the ONLY Americans BEATING those drums. I have heard for years now we are just moments away from attacking Iran, any day now, ohh look Bush is preparing to attack Iran, Wait not today, probably tomorrow.

Bush has been clear all along, he has let Europe handle the Iran situation and only stated that in dire circumstances the military option is NOT off the table. Which is a wise move. You and your liberal buddies are the only ones insisting we will invade any day now.

A terrorist attack will not lead to an attack on Iran unless there is overwhelming evidence Iran provided the materials or trained the terrorists. The fear mongering is all coming from You and your Liberal Buddies.

A Democratic Congress is NOT going to authorize force in Iran unless it is bound any doubt that they attacked us. Which is not likely. 2 Years ago Republicans MIGHT have but not today.

The only other way we go to war with Iran in the next few months is if Israel attacks them and the retards fire missiles at our bases in the Middle East. Also not likely. But more likely then your " the drums are beating" garbage.

__________________
The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.

-Bertrand Russell

Facts are stubborn things, but statistics are more pliable

-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.

-Maineman ( on 12 June 2007)