#1 permalink Olympic Champ
Join Date: Mar 2007
Location: On the forums
Posts: 8,320
My Mood: Tournaments Joined: 0
Awards Showcase
Oil hits $138 per barrel Oil jumped $10 per barrel today as the economy lost jobs. This has to be due to speculation as the rich try to cover their a$$e$.
#2 permalink AA
Join Date: Apr 2007
Location: Maryland
Posts: 732
Tournaments Joined: 0
Re: Oil hits $138 per barrel "This has to be due to speculation as the rich try to cover their a$$e$"
__________________
#3 permalink AA
Join Date: Aug 2007
Location: Oregon
Posts: 705
My Mood: Tournaments Joined: 0
Re: Oil hits $138 per barrel I think it has to do with the fact less gas is being sold, profits are down, so they boost the cost in order to cover their end.
__________________
Oregon Wrestling Forum
www.theowf.net/the_owf
Don't you know who I am? I'm the JUGGERNAUT BIATCH!!
#4 permalink NCAA Champ
Join Date: Mar 2008
Location: Soonerland
Posts: 1,077
My Mood: Tournaments Joined: 0
Re: Oil hits $138 per barrel The top 9 American oil companies control less than 5% of worldwide reserves.
#5 permalink NCAA Champ
Join Date: Mar 2008
Location: Iowa
Posts: 1,432
Tournaments Joined: 0
Re: Oil hits $138 per barrel
Originally Posted by
wrastler118 I think it has to do with the fact less gas is being sold, profits are down, so they boost the cost in order to cover their end.
So, how does that jibe with more gas being sold, profits being up, and gas prices continuing to rise?
Sorry, but we're being played likea fiddle.
__________________My ignore list: Cyclone85; skipster; tight-waist; Ignatius J. Reilly.
#6 permalink NCAA Champ
Join Date: Mar 2008
Location: Soonerland
Posts: 1,077
My Mood: Tournaments Joined: 0
Re: Oil hits $138 per barrel Gas is STILL less than bottled water.
#7 permalink Olympic Champ
Join Date: Mar 2007
Location: On the forums
Posts: 8,320
My Mood: Tournaments Joined: 0
Awards Showcase
I think oil profits are up but profits of many other products, such as American cars and real estate, are down. So, investors put their money into oil instead of other products. As a result, oil prices go up.
Last edited by Big; 06-06-2008 at 07:03 PM ..
#8 permalink NCAA Champ
Join Date: Mar 2008
Location: Soonerland
Posts: 1,077
My Mood: Tournaments Joined: 0
Re: Oil hits $138 per barrel
Originally Posted by
Big I think oil profits are up but profits of many other products, such as American cars and real estate, are down. So, investors put their money into oil instead of other products. As a result, oil prices go up.
Please, PLEASE take an econ 101 class, preferably NOT taught by a fellow Marxist.
#9 permalink Olympic Champ
Join Date: Mar 2007
Location: On the forums
Posts: 8,320
My Mood: Tournaments Joined: 0
Awards Showcase
Re: Oil hits $138 per barrel Ad-Hominem attacks are great!
#10 permalink NCAA Champ
Join Date: Mar 2008
Location: Soonerland
Posts: 1,077
My Mood: Tournaments Joined: 0
Re: Oil hits $138 per barrel
Originally Posted by
Big Ad-Hominem attacks are great!
LOL... it WASNT an attack!
It was a suggestion!
Thread Tools Display Modes Linear Mode
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
Oil hits $138 per barrel 
Linear Mode
