[syrac818]

I mean, can we just get down to it in it's most basic form? OIl is below $50! Unreal...

So you guys backing up the truck, or think we still have room to drop?

[Novus]

Lets just put it this way. The oil companies will be the next ones asking for a bailout. You can put money on that.

[ki11ercane]

$this->bbcode_second_pass_quote('syrac818', 'I') mean, can we just get down to it in it's most basic form? OIl is below $50! Unreal...

So you guys backing up the truck, or think we still have room to drop?

[Pops]

$this->bbcode_second_pass_quote('syrac818', 'I') mean, can we just get down to it in it's most basic form?

[cipi604]

$this->bbcode_second_pass_quote('ki11ercane', 'I') am all for oil continuing to drop. It literally adds decades onto the impending energy crisis.

[ki11ercane]

$this->bbcode_second_pass_quote('cipi604', '')$this->bbcode_second_pass_quote('ki11ercane', 'I') am all for oil continuing to drop. It literally adds decades onto the impending energy crisis.

[TreeFarmer]

I wonder how this is going to effect Obama's windfall profits tax on the oil companies? I bet he goes through with it.

Tony

[AirlinePilot]

$this->bbcode_second_pass_quote('ki11ercane', 'N')o investments means no one is spending money to make the investments possible. If the economy is not spending money, the value of the product continues to nosedive because no one is buying it. You get more demand restruction and the price continues to drop until the price hits a level people can afford to pay. If that's a penny below zero, oh well.

Or, there will be no money to buy it no matter the price. I have said this about a dozen times before here. It won't matter if oil is $1.00 or $1000.00 a barrel. If no one has the $$$ to buy it, it won't matter, however market indicators will dictate the price based on that scenario to make the value "low" rather than "high" even if people cannot buy it.

Gas, tools, land, anything that can suffer deflation by oil prices directly or indirectly will be cheaper to buy because there will be less buyers for it. While the inevitible is coming, it will come later. People who were smart, saved as much as they could, and are in a positition to prep will prep for a bargain. When things go higher again, they will be in good shape.

[Rogozhin]

The guilty train, like a criminal on the run, raced through dark and empty stations, unannounced by the telegraph, leaving a wake of fear and uncertainty behind it. But in the end the strike would catch up with the train, stop the engine, immobilize the driver, let off the steam.

[ki11ercane]

$this->bbcode_second_pass_quote('AirlinePilot', '')$this->bbcode_second_pass_quote('ki11ercane', 'N')o investments means no one is spending money to make the investments possible. If the economy is not spending money, the value of the product continues to nosedive because no one is buying it. You get more demand restruction and the price continues to drop until the price hits a level people can afford to pay. If that's a penny below zero, oh well.

Or, there will be no money to buy it no matter the price. I have said this about a dozen times before here. It won't matter if oil is $1.00 or $1000.00 a barrel. If no one has the $$$ to buy it, it won't matter, however market indicators will dictate the price based on that scenario to make the value "low" rather than "high" even if people cannot buy it.

Gas, tools, land, anything that can suffer deflation by oil prices directly or indirectly will be cheaper to buy because there will be less buyers for it. While the inevitible is coming, it will come later. People who were smart, saved as much as they could, and are in a positition to prep will prep for a bargain. When things go higher again, they will be in good shape.

[PrairieMule]

$this->bbcode_second_pass_quote('ki11ercane', '
')
I think for Saudi Arabia, Mexico, Nigeria, Venezuela, etc. as long as there is someone who needs their oil, and they are desperate to sell it to stay alive, feed their people, spackle gold nuggets on their palaces, etc., they will sell it to whomever can give them whatever "dollar" has value at that time. Or, if they can afford "not" to sell it and hold onto it until things somehow get "better" again, they will.