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Theedge111 Posts: 6802 Incept: 2007-08-07	Down $3.00. Green shoots!!!! Seriously, the economy is obviously really slowing down. $75 wouldn't surprise me. I think The Arabs will start to defend it if it gets there though. ---------- P.J. O'Rourke, writing in "Eat The Rich" (1998), observed that: "Economics is an entire scientific discipline of not knowing what you're talking about." The only quibble may be with the "scientific" part. 2012-05-30 12:33:34 Permalink
Landshark Posts: 11240 Incept: 2008-02-07 The Wild West	Cue the War on Iran. ---------- Success in life is a matter not so much of talent and opportunity as of concentration and perseverance. – C. W. Wendte 2012-05-30 12:44:22 Permalink
Jubber Posts: 13971 Incept: 2007-07-05 UK Online	1st July is the European Embargo start date ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-05-30 12:50:39 Permalink
Infidel Posts: 5463 Incept: 2007-08-27 between here and there	Damn speculators ---------- "DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN. 2012-05-30 19:00:09 From PDA Permalink
Guydaley Posts: 15320 Incept: 2007-07-10 Wyoming only ATM Banned	http://www.bloomberg.com/news/2012-05-30.... Quote: Oil tumbled to a seven-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain. Oil for July delivery fell $2.94 to $87.82 a barrel on the New York Mercantile Exchange, the lowest settlement since Oct. 21. Prices have decreased 16 percent this month, heading for the biggest drop since December 2008. Hmmm, highest level since 1990? I guess it did that in the last month or six weeks because WTI was $104 a very short time ago. Sure makes you wonder about people stuck on the supply and demand meme. Credibility? Less than zero. ---------- Its called creeping TEOTWAWKI. Just because it doesn't happen all at once doesn't mean it isn't happening. 2012-05-30 19:51:07 Permalink
Eighty6thebs Posts: 4180 Incept: 2007-06-26 It's contained to sub-prime!	LOL@infidel ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-05-30 20:16:11 Permalink