wow, oil inventories down 8.8M

S

S2007S

simply amazing, thats all I have to say....

these numbers are insane.....




oil is probably going to 135+ on this news....


stock market did a complete 180....
 
Quote from wiesman02:

$5 gas here we come :( . $10 gas, not improbable
More...



Gas prices have continued to rise in the last week even as the price of oil fell from $135 to $128. I paid $4.33 the other day, Regular of course, I think it will be topping $4.50 by the end of June.
 
Quote from makloda:

Gas has been $9 in Europe for a while. Not sure why Americans would be scared of a $5 handle.
More...

Disposable income. Europe is used to it. Americans have a budget based upon the fact that they're paying around $50 per tank of gas. Now that we're looking at $100-$150 per tank, thats a big difference on someone on a fixed income.
 
Quote from makloda:

Gas has been $9 in Europe for a while. Not sure why Americans would be scared of a $5 handle.
More...




No one cares what Europe pays, this is the US, keep thinking the economy wont feel anything with $5.00 a gallon gas but let me tell you its going to seriously threaten the growth of our economy, its already happening. $4.00+ is hurting the consumer, $5.00 and get ready for a long deep recession.
 
Quote from S2007S:

simply amazing, thats all I have to say....

these numbers are insane.....




oil is probably going to 135+ on this news....


stock market did a complete 180....
More...

you can pay for higher gas prices if u go long this stock mkt
 
Quote from makloda:

Gas has been $9 in Europe for a while. Not sure why Americans would be scared of a $5 handle.
More...

The driving culture in the US is much different than Europe, larger distances, larger cars , poor public transport and much more reliance on cars to get anywhere.

I knew guys in England who had never had a drivers licence, and they were in their 30's! That wouldn't happen in the US.
 
I find it funny the 'magic threshold' that will result in the 'complete implosion of consumer spending' is always pushed a little farther by the bears over the years. Two years ago it was $70, then $90, then $120. And now $150.

Basically, it's always current the current spot price +$20 that will bring ultimate economic mayhem. Keep on predicting, fools.
 
You must log in or register to reply here.
Back
Top