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Oil Price Bubble...

N8 v2.0

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
just newz:

http://biz.yahoo.com/ap/080320/oil_prices.html


Close at $101.84

AP
Oil Falls on Economy Worries
Thursday March 20, 3:32 pm ET
By John Wilen, AP Business Writer
Oil Prices Drop on Concerns the Slowing Economy Is Cutting Demand

NEW YORK (AP) -- Oil futures extended their declines Thursday as concerns about the economy and demand for oil grew and the dollar strengthened.

Retail gas prices, meanwhile, fell further below their recent records, while diesel rose to a new record above $4 a gallon.

For a second day, the oil market appeared focused on the economy and oil's underlying supply and demand fundamentals -- factors it ignored in recent weeks while rocketing to a series of new records. However, some analysts said oil's price swoon may not last for long; most investors expect the Federal Reserve to cut interest rates several more times this year, moves that are sure to put new pressure on the dollar. Lower interest rates tend to weaken the dollar, driving investors to commodities such as oil that they view as a hedge against inflation. A lower dollar also makes oil less expensive to overseas investors -- a trend that reverses when the dollar strengthens, as it did Thursday.
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B

blue

boob hater
Jan 24, 2004
10,160
2
california
jimmydean said:
A friend and I are building a shed on his property to produce WVO based biodiesel this summer. I was shopping for an early 80's Mercedes 300SD over the weekend.

I want to pimp out a veggie-mobile as a test machine. It will only server as an occasional bike hauler, not a daily driver.

I will give n8 all my credits if gas EVER gets bellow $2.50 here again.
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Ooooh...I was going to say "not hot fuel economy", but veggie is cool.

Have you thought about a VW Caddy ecodiesel? They're gutless, but you get a truck bed. They're also in semi-high demand (though I can't figure out why), so you might have a tough time finding one.

I can't remember who this one belongs to, but he posts on here and it came up in GI search...



Buuut...Gas will not drop below $3.00 a gallon ever again. Is this another N8 thread we'll dredge up in 5 years and laugh about what a giant fvcking retarded toolbag he was (and is)?
 
N8 v2.0

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
More than $0.66/gal in tax..??

At $3.03, average prices in Newark, New Jersey, were the nation's lowest. Drivers in San Francisco, California, where the average price was $3.66, paid the most.

Part of the difference is explained by the fact that taxes account for 66.20 cents per gallon in San Francisco and just 32.95 cents in Newark, Lundberg said.

The higher cost of doing business and stricter fuel reformulation requirements in California explain the rest of the difference, she said.
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