Wall Street in relentless selloff as oil prices sink

The last Republican President we had got gas prices over $4 a gallon! What an economic boon that was! Good times.

Bring MOAR in!
 
*chuckle*

When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.

Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Obama Energy Secretary Steven Chu

A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

MOAR Democrat leadership!

We have to turn back the tide of lower energy prices!

Bastiat is turning in his grave...
 
*Chuckle*


Out of context quotes make a better point than the actual fact that gasoline is under $2 a gallon and US Crude is approaching $26 a barrel.

:rolleyes:
 
*Chuckle*


Out of context quotes make a better point than the actual fact that gasoline is under $2 a gallon and US Crude is approaching $26 a barrel.

:rolleyes:

Um...

:eek:

Which political party believes that oil use is the basis for global warming/climate change?
 
Who's the Duke of Oil this week?

(Sing along: Oil, duke, duke, duke of oil, duke, duke...)

Meanwhile, it's not snowing here today. I blame Obama. Get off the golf course!
_____

BTW have I got a deal for you. The golf course down the road is for sale. 104 acres, club house, bar / restaurant, outbuildings, pond, surrounded by evergreen forest at 3500ft / 1050m elevation beside the Kit Carson Pass highway. Asking price is US$500k. The local Indian rancheria agreed to buy it for US$400k but then withdrew. Scuttlebutt is that it'll settle at US$350k. There are fucking RVs out here costing more than that! Three bucks and change per acre! Yow.
 
Who's the Duke of Oil this week?

(Sing along: Oil, duke, duke, duke of oil, duke, duke...)

Meanwhile, it's not snowing here today. I blame Obama. Get off the golf course!
_____

BTW have I got a deal for you. The golf course down the road is for sale. 104 acres, club house, bar / restaurant, outbuildings, pond, surrounded by evergreen forest at 3500ft / 1050m elevation beside the Kit Carson Pass highway. Asking price is US$500k. The local Indian rancheria agreed to buy it for US$400k but then withdrew. Scuttlebutt is that it'll settle at US$350k. There are fucking RVs out here costing more than that! Three bucks and change per acre! Yow.

We lived in one of those in KANSAS.

Half of the trailers were cooking meth...
 
clearly the market will sink even further with Iran entering the oil market. Adding more supply to market already dealing with over supply.
 
clearly the market will sink even further with Iran entering the oil market. Adding more supply to market already dealing with over supply.

Again, a great opportunity for a savvy investor.

Have you sold your gold to cash in?

:rolleyes:
 
*Chuckle*


Out of context quotes make a better point than the actual fact that gasoline is under $2 a gallon and US Crude is approaching $26 a barrel.

:rolleyes:

And the reason it is under $2?

Does it have more to do with the Administration or with Saudis trying to put the small US companies out of business by driving the price down below their production costs?
 
One of them old-time robber barons had it right.

When's the time to invest?

When blood is flowing in the streets.

Buy low, sell high, you dewds and dewdettes.

Don't sell when everybody else is selling. Like, duh.
 
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