robc935

Crude Inventories: Largest Weekly Build Since March 2001

To Ernie M. The national average price for gas has dropped about .35, not a dollar. Oil may very well go to $150-$200 a barrel----and probably stay there for a week as the world economy implodes. If people in India are buying the new $2500 Indian made car, what makes you think they can afford $10 a gallon gas?

Gas Lines Coming This Fall

paulk8756, give it a rest. The Republicans had control of the white house AND both houses of congress for 6 of the last 8 years. The result, the country's in the worst shape of my lifetime (I'm 49). It's great for blood suckers like yourself who sit around and scheme of ways to make more money at others people's expense. For the people of America who actually WORK for the money that they earn, the Republican years have been a kick in the nuts.

NYMEX: Speculators Aren't Driving Oil Market

A report I heard yesterday said that 95% of all futures contracts aren't by actual end users. Futures buyers can buy on margin of as little as 5%. I thought that buying anything with those kind of margins ended with the great depression. The Dems have controlled the congress for less than a year and half and any attempts to undo the Bush admistration's messes have been vetoed or filibustered. The republicans had complete control of both houses of Congress for 6 years and our country is in the worst shape since the 1930's. We give the oil companies tax breaks, they have record profits and spend most of it buying back shares instead of exploring new sources, researching alternative fuels etc.. All the while selling distillates to foreign countries while our truckers pay record prices on diesel. The greed that controls our economy is mind blowing.