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If oil is selling at below $95/barrel, then why am I paying $1.24/L at the pump on Oct. 2 2008. All these oil execs. should be put on a long greyhound bus ride to nowhere.
Bluescreen- you are dreaming. The free market has put it's head in a noose and kicked the chair out from it's feet. The price of oil going down is not going to help the fact that trillions of dollars have evaporated.
The price of oil goes up 10%, gas goes up 15%. Oil goes down 20%, we're lucky if gas goes down 10%. And they say we aren't being shafted by the oil companies. Supply and demand my butt. We are being robbed blind by the ruthless oil mafia and the politicians turn a blind eye. As always, it's the working peons who are being abused.
And with the fall of oil funds will be freed up to start the economy again. The market will take care of itself, but the congress should step in with the bailout to speed the recovery and soften the pain for the smaller guy.
Let oil fall! Watch the econmy bloom! Don't give the Bush fellowship more of your money! Iraq was enough! Give individual states intrest free loans to help their economies their way. Low intrest loans to their citizens, lowering corperate taxes to incourage new industries. Go congress, help the people.
The price of oil indicate the supply and demmand of the consumers.It is coming down because the worlds econommies is at financial catastrophy and it will for sure go down for more.We'll keep this as a sign of good opportunity.