View Full Version : Didn't work out like they expected
cstreu1026
12-17-2008, 03:28 PM
http://money.cnn.com/2008/12/17/markets/oil/index.htm?postversion=2008121715
So OPEC decides to cut oil production by 2.2 million barrels per day in hopes of "stabilizing" oil prices to somewhere in the neighborhood of $70-$80. If that were the case oil would be about twice as expensive as it was in 2004. Despite their effors oil fell nearly $4 today. Serves them right. I hope it gets cut in half again just to piss them off.
02mingryGT
12-18-2008, 10:12 AM
Oil as a commodity has fallen away from present supply and demand economics and now is based on future guess of supply and demand. Probably will fall as long as economy keeps slipping.
Mista Bone
12-18-2008, 03:49 PM
below $37 a barrel.
beefcake
12-18-2008, 08:49 PM
http://money.cnn.com/2008/12/17/markets/oil/index.htm?postversion=2008121715
So OPEC decides to cut oil production by 2.2 million barrels per day in hopes of "stabilizing" oil prices to somewhere in the neighborhood of $70-$80. If that were the case oil would be about twice as expensive as it was in 2004. Despite their effors oil fell nearly $4 today. Serves them right. I hope it gets cut in half again just to piss them off.
i know, i loved it
NUTTSGT
12-20-2008, 08:30 PM
Oil as a commodity has fallen away from present supply and demand economics and now is based on future guess of supply and demand. Probably will fall as long as economy keeps slipping.
Yeah, I guess since the stock market is in the crapper, all those idiots playing the futures don't have the money to run it up. ha ha ha bitches :bigthumb
BigBadStang
12-21-2008, 05:52 PM
With all their boo-hoo-ing, just think of the ASS TON of money they stuffed in their pockets when it was 130-140/barrel.
Rot in hell fuckers!!! :flipoff:
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