PeakOil is You
Commodity correction warning
Re: Commodity correction warning
by r101958 » Tue 12 Aug 2008, 16:53:55
You know what they say '.....be careful what you ask for....'
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r101958 - Peat
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Re: Commodity correction warning
by frankthetank » Tue 12 Aug 2008, 17:09:14
Last i checked, gasoline was still $3.75, only $.25 off the record high here... Food prices haven't come down in the grocery store...i was there last night? My bills all look the same? Visa hasn't sent me anything regarding lower rates?
Must be gouging and speculation.
Must be gouging and speculation.lawns should be outlawed.
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frankthetank - Light Sweet Crude
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Re: Commodity correction warning
by AirlinePilot » Tue 12 Aug 2008, 18:12:54
I'm with you Frank. Lots of stuff here still pretty darn expensive and gas is still 3.75-3.80/gal.
It will probably come down a bit but we are being conditioned to think 3-3.50 is a "bargain". When it goes back up again the new bargain will be 4-4.25. Silly humans have such short memories.
Two steps forward, one step back. The march continues on. When this old plateau starts the downslope is anyones guess, but it sure is looking like the downward trend is coming instead of some long term increase in production.
We will be forced into using less, it wont be voluntary. Thats why things will suck. We prove it every day.
It will probably come down a bit but we are being conditioned to think 3-3.50 is a "bargain". When it goes back up again the new bargain will be 4-4.25. Silly humans have such short memories.
Two steps forward, one step back. The march continues on. When this old plateau starts the downslope is anyones guess, but it sure is looking like the downward trend is coming instead of some long term increase in production.
We will be forced into using less, it wont be voluntary. Thats why things will suck. We prove it every day.
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AirlinePilot - Moderator
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Re: Commodity correction warning
by sameu » Tue 12 Aug 2008, 18:50:17
$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'T')his is going to become one of those "Do you remember the time when..." moments. 
Isn't it though? Gonna to have to bump this thread for a fart and a chuckle. Hahahahahaha
New to this thread? Be sure to read from the beginning to get the full laugh quota.
$this->bbcode_second_pass_quote('Peleg on June 7', 'P')rices for oil are about to skyrocket out of control...
Good call, Peleg. snarf snarf.
$this->bbcode_second_pass_quote('', 'O')il price dives after 'ceasefire' in Georgia
12 August 2008, 1:56pm
The price of oil fell and the Russian currency soared today after Moscow claimed to have ordered a halt to the military action in Georgia.
Crude had jumped amid concerns about disruption to Western oil supplies from the conflict near the crucial Baku-Tbilisi-Ceyhan pipeline but this afternoon it fell back to three-month lows.
London Brent crude was down 87 cents a barrel at $111.80 while New York was $1.03 lower at $113.42.Link
And durn... look at them commodities drop ma!
This must be very dissapointing for you JD, since you have always said that we need high prices and you welcome them
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sameu - Tar Sands
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