WT Forums

Oil down to 53 dollars a barrel. Who would have ever thunk it possible...

http://finance.yahoo.com/news/Oil-turns ... 22563.html

has nothing to do with ending the moratorium on drilling..... it just HAPPENED to start falling like a rock mere days after the moratorium ended...........

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\"One of you is gonna fall and die, and I'm not cleaning it up\"

It's been dropping pretty fast for a couple months now. It's the only GOOD news out there at all.

Yeah lets hope it stays that way. The local gas station that i go to is down to $2.15 for 85 and $2.30 for 87. I couldn't believe when i only spent $37.00 to fill my tank the other day.

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\"I dream of a better tomorrow, where chickens can cross the road and not be questioned about their motives\"

It's down to 2.00 even where i buy gas. In New Jersey it's in the 1.80ish range. If oil stays steady at 53.00 a barrel for about 3 weeks gas will be down to about 1.75 a gallon probably.

I wish I was back in the states, its $1.57 a litre in the UK and a full tank will cost me $70. At least it is better than before I left on holiday in September when it was $1.90 for a litre and $90 for a tank full of unleaded.

Neil

It's around 1.69 in St Louie. Probably $.10 or so less out in the hinterlands. Hope it stays like this at least through Christmas for all those who need to travel.

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\"Those who hammer their guns into plows
will plow for those who do not.\"
- Thomas Jefferson

http://news.yahoo.com/s/nm/20081120/ts_ ... ap5PR2wPIE

Oil now under 50 per bbl.

Amazing.

I find it amazing that before the election, the high price of oil was all the fault of the president. Now that the election is over and the price is under $50/barrel, it's supply and demand. Go figure.

OC

Yeah, very odd indeed. I am thoroughly enjoying it though. I currently have 1/2 a tank of gas in my car and saw that it was down to $2.02 last night and considered getting it just because lol.

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\"I dream of a better tomorrow, where chickens can cross the road and not be questioned about their motives\"

Don't be surprised if it hits $35.00 a barrel before it stabilizes.

$1.49 here today!

WOW!

$1.45

_________________
\"Those who hammer their guns into plows
will plow for those who do not.\"
- Thomas Jefferson

1.48 at the regular stations, Sam's club is probably 1.40 or so.

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Evil is evil, no matter how small.

Crude shot up 9% yesterday to about $50.00/bbl, not sure what happened with it today.

EDIT: It's back down another 6% today.