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brentspeak (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:36 PM Original message |
Recent gas price plunge seems ominous |
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Alter Ego (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:38 PM Response to Original message |
1. Plus, when the economy does finally right itself, the price of gas will |
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geckosfeet (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:39 PM Response to Original message |
2. I am also convinced that OPEC wants to keep prices low to discourage |
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snappyturtle (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 02:29 PM Response to Reply #2 |
15. Bingo! Two days ago my SIL informed me that ND's economy is |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 05:09 PM Response to Reply #2 |
18. yes and no. they want them low but NOT that low... |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:40 PM Response to Original message |
3. They're not setting these prices. This is ominous because there is a general deflationary trend. |
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123infinity (276 posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:43 PM Response to Reply #3 |
6. Such "new production" is merely the lag between the high oil price and its incentive |
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HereSince1628 (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:41 PM Response to Original message |
4. Or maybe it's just that the folks who play the market have their money sitting on the sideline |
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Franzia (297 posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:43 PM Response to Original message |
5. Kunstler likened it to the first stage of a tsunami. |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:44 PM Response to Original message |
7. I'm more inclined to think the speculators are wary of getting busted |
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meegbear (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:50 PM Response to Reply #7 |
9. My thoughts too ... |
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Auggie (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:53 PM Response to Reply #7 |
10. Same here. Now if the next Congress will only take action. |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:45 PM Response to Original message |
8. The oil companies got their BILLIONS, the speculators got their BILLIONS |
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Idealism (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:53 PM Response to Original message |
11. Two reasons why they have plunged: |
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harun (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:54 PM Response to Original message |
12. Catch-22 |
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brentspeak (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 01:58 PM Response to Original message |
13. Bookmarking my own thread b/c of the excellent responses |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 02:23 PM Response to Original message |
14. I have the same sense of foreboding. |
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Strelnikov_ (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 02:55 PM Response to Original message |
16. Physical shortages are a possible result |
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ipfilter (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 03:07 PM Response to Original message |
17. The price of gasoline is set by supply and demand. |
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