Oil Drops Below $50! - Blu-ray Forum

stockstar1138 · 11-20-2008, 03:43 PM

http://www.reuters.com/article/newsO...49B3Y620081120

sliver lining, i suppose.

hc666 · 11-20-2008, 03:51 PM

Quote:

Originally Posted by stockstar1138

http://www.reuters.com/article/newsO...49B3Y620081120

sliver lining, i suppose.

Its funny that economists were calling for this months ago and no one believed them that it would happen... instead everyone listened to the speculators and that oil would reach 200 a barrel.

pBLU-RAYs3 · 11-20-2008, 04:05 PM

This is such tragic news. My thoughts & prayers are with all the oil producing nations. Their suffering is soooooo unjust.Is there no GOD !

mikejet · 11-20-2008, 04:08 PM

I know, they probably have to downgrade to the C class benz.

HenryJ · 11-20-2008, 05:02 PM

Filled up for less than $22.00 - and I'm OK with that

Bigdog · 11-20-2008, 05:34 PM

I'm willing to bet by Christmas time it will be back up over 3 a gallon. All it takes is a excuse for them to justify increasing cost's, such as a bunch of pirates in Somalia hijacking a super tanker filled with over 300 million dollars worth of fuel.

Really can some country please just wipe that waste of space Somalia off the map!

quexos · 11-20-2008, 05:39 PM

Wish gas went down at the gas station as low as it goes low for the barrel. On this issue you Americans are luckier than we Europeans.

Clark Kent · 11-20-2008, 07:56 PM

It is going to get lower. OPEC is scared to death it going to drop to $25 a barrel. I wouldn't expect significant price appreciation until the global economy picks up again in 12 to 18 months.

alomar · 11-20-2008, 08:33 PM

What's even better is OPEC HAS cut production twice already to hopefully rebound the prices. But it still is not working, stick it to the man! I love it!

Psychonaut · 11-20-2008, 11:36 PM

That's odd. The stock market dropped below 50 too!

Aaron · 11-21-2008, 03:51 AM

$1.76/gallon here

It only costs $40 to fill up my Tahoe, it was $80 a month ago.

Chevypower · 11-21-2008, 04:40 AM

hopefully locally made truck and SUV sales pickup and get the economy moving again.

nycomet · 11-21-2008, 06:51 AM

You must be referring to the cost of Extra Virgin Olive Oil. Here in my area (Long Island, NY) it still costs me a small fortune to fill the tank of my 2007 Nighthawk Black Pearl Honda Element. But thankfully, the price is lower than the $4.59 peak during the summer. I scoped out $2.17 per gallon on Tuesday. Will we get below-$2 gas this winter? I hope so. It will help offset the rising cost of everything else.

11-20-2008, 03:43 PM	#1
stockstar1138 Banned Member since:Apr 2007	Oil Drops Below $50! http://www.reuters.com/article/newsO...49B3Y620081120 sliver lining, i suppose.

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11-20-2008, 04:05 PM	#3
pBLU-RAYs3 Expert Member Member since:Aug 2008 Location:LAKER country	This is such tragic news. My thoughts & prayers are with all the oil producing nations. Their suffering is soooooo unjust.Is there no GOD !

11-20-2008, 04:08 PM	#4
mikejet Banned Member since:Sep 2008 Location:Los Angeles, CA Blu-ray reviews:5 Trading Score:29	I know, they probably have to downgrade to the C class benz.

11-20-2008, 05:02 PM	#5
HenryJ Banned Member since:Nov 2008	Filled up for less than $22.00 - and I'm OK with that

11-20-2008, 05:34 PM	#6
Bigdog Blu-ray Ninja Member since:Aug 2007 Blu-ray collection:14 Blu-ray reviews:1	I'm willing to bet by Christmas time it will be back up over 3 a gallon. All it takes is a excuse for them to justify increasing cost's, such as a bunch of pirates in Somalia hijacking a super tanker filled with over 300 million dollars worth of fuel. Really can some country please just wipe that waste of space Somalia off the map!

11-20-2008, 05:39 PM	#7
quexos Banned Member since:May 2007 Location:Brussels, Belgium	Wish gas went down at the gas station as low as it goes low for the barrel. On this issue you Americans are luckier than we Europeans.

11-20-2008, 07:56 PM	#8
Clark Kent Blu-ray Prince Top contributor Member since:Oct 2007 Location:Metropolis Blu-ray reviews:2 Trading Score:184	It is going to get lower. OPEC is scared to death it going to drop to $25 a barrel. I wouldn't expect significant price appreciation until the global economy picks up again in 12 to 18 months.

11-20-2008, 08:33 PM	#9
alomar Active Member Member since:Apr 2008	What's even better is OPEC HAS cut production twice already to hopefully rebound the prices. But it still is not working, stick it to the man! I love it!

11-20-2008, 11:36 PM	#10
Psychonaut Blu-ray Samurai Member since:Apr 2008 Location:Second left after Wal-Mart Blu-ray collection:111	That's odd. The stock market dropped below 50 too!

11-21-2008, 03:51 AM	#11
Aaron Blu-ray Samurai Member since:Feb 2007 Location:Oklahoma City Home Theater Gallery:3 Blu-ray collection:33 Blu-ray reviews: 2 Trading Score:4	$1.76/gallon here It only costs $40 to fill up my Tahoe, it was $80 a month ago.

11-21-2008, 04:40 AM	#12
Chevypower Special Member Member since:Feb 2008	hopefully locally made truck and SUV sales pickup and get the economy moving again.

11-21-2008, 06:51 AM	#13
nycomet Blu-ray Knight Top contributor Member since:Dec 2007 Location:Long Island, NY, USA ; I enjoy watching 3D blu-rays; 41 Blufans steels so far Home Theater Gallery:11 Blu-ray collection:1344 DVD collection:55 Digital collection:246 Blu-ray reviews:40 Trading Score:343	You must be referring to the cost of Extra Virgin Olive Oil. Here in my area (Long Island, NY) it still costs me a small fortune to fill the tank of my 2007 Nighthawk Black Pearl Honda Element. But thankfully, the price is lower than the $4.59 peak during the summer. I scoped out $2.17 per gallon on Tuesday. Will we get below-$2 gas this winter? I hope so. It will help offset the rising cost of everything else.

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