The Huffington Post Oil
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Realtime conversations about
Oil
BTW. Did India just stop driving cars? B/c barrel oil is @$80. Gas is plummeting. ALL supply 'n demand huh? Hello Wall St speculators.
- fox5newsedge about 6 minutes ago
@seymone maybe it was just the cosmedicine oil control lotion
- Yummy411 about 9 minutes ago
@kaoskube Coat pan w/oil, preheat over @ 350d, put chicken in pan in oven, cook for 30-40 minutes. Nummy! Broil @ end if want real crunchy.
- kamikazekitty about 9 minutes ago
Palin abuses power in office abuses polar bears and wolves... loves oil..been there
- Fluteman about 12 minutes ago
Oil dropped $9 today to close around $77/Brl. I wonder if the gas prices will drop more than 10% over night, Hmmmmm.
- johnnyb98604 about 12 minutes ago

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Oil plummets below $83 on global slowdown fears



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- New oldfart1 See Profile I'm a Fan of oldfart1 permalink

Don't get carried away too soon. OPEC is not going to give way its oil. Production has already been cut, and will be cut more.

Of course, prices lag. The oil takes months to get here, and then has to be refined.

Problem is, how can we pay for oil at ANY price?

    Reply    Favorite    Flag as abusive Posted 08:39 PM on 10/10/2008
- michaedo See Profile I'm a Fan of michaedo permalink

Somebody please explain...
One year ago today a barrel of oil was on the market for 77.31, gas sold for 2.75 a gallon.
Today a barrel of oil went for 79.84, and a gallon of gas bought today was 3.63 a gallon.
Am I missing something? Is this a better quality product they're getting out of the ground
now? A well worn phrase used at the company I once worked for is BOHICA.
(Bend over, here it comes again.) Yeah, well, BOHICA ya'll.

    Reply    Favorite    Flag as abusive Posted 07:17 PM on 10/10/2008
- OlderBudWeiser See Profile I'm a Fan of OlderBudWeiser permalink

Wonder exactly how much the Arabs, etc., actually get for a barrel of oil? Yesterday I paid $3.58/gal. gasoline. Gas prices usually go down just before as election but the Repugs went to far this time. As much as we will suffer with the economy, this is a Republican thing. We can do better. Go Democratic up and down the ticket.


Obama/ Biden 08

    Reply    Favorite    Flag as abusive Posted 04:39 PM on 10/10/2008
- thegreatgiginthesky See Profile I'm a Fan of thegreatgiginthesky permalink

Why is the local chevron then charging $3.79 for a gallon of unleaded. WTF???

    Reply    Favorite    Flag as abusive Posted 03:51 PM on 10/10/2008
- lejman See Profile I'm a Fan of lejman permalink

i don't believe it - - dubya and his cadre figured out how to get the price of oil down; not drill, baby, drill. just tank the whole freakin' economy. and it's workin'. we're payin' the arabs less, and the cheney cartel isn't lowering prices in goose step, so they continue to make profits while everyone else jumps off a bridge from their thirsty suvs. gotta hand it to 'em...that's change we can depend on.

    Reply    Favorite    Flag as abusive Posted 03:05 PM on 10/10/2008
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