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Member Since: 10/2008Last Seen: 11/25/2009

Crude Oil Tumbles Below $36 as Demand Drop Swells Inventories

Read ArticleArticle Source: Bloomberg.com
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Oil is headed down and down, and how far will it go?

How far should it go, but yet allow for Obama to develop economically practical alternative energy sources, vehicles, power plants, etc.?

What will make it stop going down, and when?

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{"commentId":4484043,"authorDomain":"jopocop"}

I am glad to see lower oil prices, but, it seems that if it goes too low, it will be hard to develop competitive alternative energy, and also, different autos and trucks.  

Also, will exploration stop?

Why did it skyrocket to $150 by July, when the world was already stressed out with the economic troubles that began in 2007?

Looks like the windfall oil tax being discussed in the summer in Congress is now moot?

{"commentId":4484043,"threadId":"448581","contentId":"2228015","authorDomain":"jopocop"}
    Reply#1 - Thu Dec 18, 2008 8:15 PM EST
    {"commentId":4485716,"authorDomain":"goblues"}

    I think what they did this summer was screw themselves, they made people change the way they drive and the aren't going back. People are still looking at alternatives just not the top story with the drop in price.

    To answer your question, pure and simple greed, well that's come back to bite them in the ....

    {"commentId":4485716,"threadId":"448581","contentId":"2228015","authorDomain":"goblues"}
      Reply#2 - Thu Dec 18, 2008 10:58 PM EST
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