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Pages: 1 Posted:  20 Nov 2008 16:58 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 source: http://news.yahoo.com/s/afp/20081120/ts_afp/commoditiesenergyoilp ... Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand. Crude futures should drop further to 43 or 44 dollars a barrel before rebounding along with the global economy next year, CFC Seymour Securities said in a report published on Wednesday. __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  20 Nov 2008 17:01 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 The cheaper the better I say. If oil prices hadn't jumped so high in the first place the economy wouldn't have hit quite as low as it has now. At least that's my opinion. I know there's been a few other factors like Barney Frank and all that housing mess, but high gas prices helped to send food prices through the roof which killed consumer spending which led to no car buying which led to less jobs in general and on and on it goes. __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  20 Nov 2008 19:00 Registered User Posts:  2897 Join Date: Aug 2007 Oil prices did not cause the problems with the economy, they're more of a reflection of those problems if connected at all. I could be wrong myself, but that's my take on it. I believe the boom in crude price was more about a devalued dollar than anything else really. If this is the case, the low prices will be very short lived once this bailout stupidity runs it's course. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Posted:  20 Nov 2008 23:53 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 Well the dollar is very weak today yet the oil barrel prices had dropped according to NBC business channel __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  21 Nov 2008 02:42 Registered User Posts:  2897 Join Date: Aug 2007 The value of our dollar is only one factor in the price of a barrel. The value has been 'down' for some time now actually. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Posted:  21 Nov 2008 18:55 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 Well it certainly didn't help the economy. Personally I think high gas effect more people more quickly than a bad housing market because everyone drives and everyone eats. And as we know it causes food prices to go through the roof too. I heard on the news recently that one side effect of high gas prices is that while food goes up, once they figure we are willing to pay whatever price for that item it then will only go down very slowly or not at all. Those effects linger for quite a while. __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  21 Nov 2008 21:11 Registered User Posts:  2897 Join Date: Aug 2007 You're right. The cost of gas/oil/crude does affect everyone. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Posted:  22 Nov 2008 16:26 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 You said I was right. I have made a break through. You actually agreed with me. __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  22 Nov 2008 22:44 Registered User Posts:  2897 Join Date: Aug 2007 We both have much to learn about money and the economy in general Tim. Don't get too excited just yet. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Posted:  22 Nov 2008 23:44 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 Should I retire the dancing banana? __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  22 Nov 2008 23:55 Registered User Posts:  2897 Join Date: Aug 2007 It actually serves a function for special occasions. Kinda lightens things up once in a while as well. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Posted:  23 Nov 2008 00:02 Administrator Currently Offline Posts:  3437 Join Date: Jul 2007 I was joking, I'll never get rid of my dancing banana. __________________ Shtarker: Too bad about all the dead movie stars. Siegfried: Yes. What will we do without their razor-sharp political advice. - played by Terence Stamp aka Zod from the movie Get Smart. Posted:  23 Nov 2008 13:25 Registered User Posts:  2897 Join Date: Aug 2007 I can almost smell another horrid Ray Comfort project oozing it's way online soon. That banana will get alot of use if this happens. __________________ But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles Pages: 1

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