PathfinderSC

Champion Author
South Carolina
Posts:4,554 Points:856,710 Joined:Mar 2008
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Message Posted: Nov 8, 2009 9:34:27 AM
They just playing with us, Given us a week or two with gas down , And then hit us again.
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ENORMS

Champion Author
Colorado
Posts:2,153 Points:697,775 Joined:Sep 2006
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Message Posted: Nov 8, 2009 6:23:04 AM
The speculators are cashing out now.
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gasman50

Champion Author
Portland
Posts:3,909 Points:1,433,745 Joined:Nov 2005
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Message Posted: Nov 7, 2009 10:53:06 PM
No jobs... not much need to buy gas
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Night Owl

Champion Author
Toronto
Posts:2,720 Points:833,015 Joined:Jul 2004
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Message Posted: Nov 7, 2009 9:22:18 PM
Greedy oil speculators have to accept reality — at least for today.
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BH24

Champion Author
Arkansas
Posts:4,930 Points:1,116,675 Joined:May 2005
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Message Posted: Nov 7, 2009 5:20:05 PM
There appears to be something wrong here. Haven't we been told by "governmental officials" that the recession has bottomed out and that we're on the way back? If we can't trust the word from our government, who can we trust?
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Standin

Sophomore Author
Los Angeles
Posts:238 Points:272,405 Joined:Jul 2009
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Message Posted: Nov 7, 2009 4:46:12 PM
mabe the big guys deciding prices might finally figure out that people not working can't drive as much as they did... DUH
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car253

Champion Author
Ohio
Posts:2,002 Points:544,175 Joined:Oct 2008
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Message Posted: Nov 7, 2009 2:48:02 PM
The first W. Bush recession began when Bill Clinton was president.
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Pete12

Champion Author
Albany
Posts:1,925 Points:795,140 Joined:Nov 2005
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Message Posted: Nov 7, 2009 2:34:04 PM
It's a shame the only way to lower the price of oil is bad news.
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jwalkerh

Champion Author
Louisiana
Posts:2,095 Points:561,260 Joined:Oct 2008
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Message Posted: Nov 7, 2009 1:05:03 PM
This is expected in a recession. Recovery is very slow and the stock market swing a is daily occurence.
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OHMS

Champion Author
Orange County
Posts:8,063 Points:909,635 Joined:May 2005
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Message Posted: Nov 7, 2009 12:21:12 PM
i guess the price could be said to tumble; but tumbling crude oil would be an attraction people would pay to see.
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Franck

Veteran Author
Oakland
Posts:323 Points:173,135 Joined:Sep 2009
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Message Posted: Nov 7, 2009 11:56:39 AM
The highest US unemployment rate that we ever experienced was 25% in the depths of the Great Depression. We may have been through a "Great Recession" but it is ridiculous to claim that from 10.2% unemployment we'll get above 25%. The 2007-2009 recession is over as the economy grew by 3.5% in the third quarter of 2009.
Who was president when the recession began? Who was president when the recession ended? Sure, there may be another recession soon but the W. Bush recession (whoops, I mean the 2nd W. Bush recession, which is actually the 3rd Bush recession) is over.
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pgerassi

Champion Author
Milwaukee
Posts:5,944 Points:1,167,160 Joined:Apr 2007
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Message Posted: Nov 7, 2009 11:51:39 AM
The prices will crash when the "hope" bubble bursts.
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davidel57

Champion Author
Houston
Posts:2,221 Points:437,615 Joined:Apr 2008
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Message Posted: Nov 7, 2009 11:18:34 AM
Yeah!!!
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hotrod0526

Veteran Author
Detroit
Posts:478 Points:201,165 Joined:Aug 2005
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Message Posted: Nov 7, 2009 10:03:09 AM
soooooooooo.... the better we do , the more we get screwed. ( C O N S E R V E )
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Don20

Champion Author
Oklahoma City
Posts:4,729 Points:1,644,800 Joined:Mar 2005
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Message Posted: Nov 7, 2009 10:03:01 AM
When this Obama economy is over with if ever, there will be an all time high of unemployment in HISTORY. The 1930's lasted until 1941 World War II. During the Nixon period it took another eight year to recover. We are a long way from recover this time, if at all..
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wegman

Champion Author
Twin Cities
Posts:2,903 Points:1,124,730 Joined:Jun 2001
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Message Posted: Nov 7, 2009 9:57:10 AM
Isn't Obamanomics a WONDERFUL thing??? Maybe not. Further proof that Election Day last year was the Great Mistake of 2008. Democratic defeats last Tuesday set off some euphoria on Wall Street, and that took oil prices with them BUT Friday's news on unemployment in America reminded everyone that the unholy Triumvirate of Obama, Pelosi and Reid, with the reins of power in Washington, are economic imbeciles. And beholden to special interests (Big Labor for one) whose favored plans are bad for the rest of us and the economy as a whole.
Obamacare, with its stifling taxes and regulations, will help to continue depressing hiring (as just about every other leftist policy idea coming out of the current regime accomplishes), so with any luck Madame Speaker will have egg on her face at weekend's end.
Remember, we can reverse the Great Mistake of 2008 starting next year by removing the gavel from Madame Speaker's hands, taking power from Harry Reid (and the voter's in Nevada have the power to send him to the unemployment line) and making the Current Occupant a lame duck with a hostile Congress in the second half of his term. Then we can send the Community Organizer in Chief back to Community Organizing and away from a job where he is clearly out of his depth.
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texasvet

Champion Author
Texas
Posts:1,399 Points:160,520 Joined:Jul 2009
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Message Posted: Nov 7, 2009 9:50:22 AM
mazdaboy - It isn't "stimulus", it's pork - and pork doesn't grow the economy.
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mazdaboy

Champion Author
Portland
Posts:3,007 Points:1,133,225 Joined:Aug 2003
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Message Posted: Nov 7, 2009 9:47:07 AM
Most of the current stimulus hasn't been put into action yet.
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Tnerbeel

Champion Author
Houston
Posts:3,737 Points:774,585 Joined:Mar 2007
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Message Posted: Nov 7, 2009 9:45:49 AM
10.2% unemployment now. Let's pass another stimulus bill immediately since the last one did so well.
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I10Express

Champion Author
San Antonio
Posts:3,695 Points:659,545 Joined:Nov 2008
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Message Posted: Nov 7, 2009 9:42:44 AM
Just more of the speculator PR machine trying to rationalize their manipulation of the prices.
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amerk73

Champion Author
Dallas
Posts:2,116 Points:642,725 Joined:Oct 2008
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Message Posted: Nov 7, 2009 9:41:30 AM
still high way emty morning no job
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WP62

Champion Author
New Hampshire
Posts:2,280 Points:1,111,045 Joined:Sep 2006
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Message Posted: Nov 7, 2009 9:35:46 AM
Looks like it is just normal fluctuation. Crude price is still too high.
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goodbuy

Champion Author
Michigan
Posts:3,153 Points:535,510 Joined:May 2005
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Message Posted: Nov 7, 2009 9:34:15 AM
I wouldn't call 2.8% a tumble. Now, lets see a 5% or 10% drop and I will call that a tumble. 2.8% is just a market swing.
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Voltus

Champion Author
Miami
Posts:3,283 Points:650,005 Joined:May 2005
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Message Posted: Nov 7, 2009 9:34:04 AM
Actually... they are not related.
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SpruceGuse2

Champion Author
Michigan
Posts:4,873 Points:1,488,690 Joined:Mar 2006
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Message Posted: Nov 7, 2009 9:30:17 AM
It's about time they started writing about the unemployment and the price of gas, Michigan is still around 15% unemployed.
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FocusGuy

Champion Author
Seattle
Posts:2,096 Points:453,475 Joined:Apr 2009
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Message Posted: Nov 7, 2009 9:29:06 AM
where are the speculator cry babies today? last yr oil was 140
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zimowski

Champion Author
San Jose
Posts:1,790 Points:621,080 Joined:Nov 2007
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Message Posted: Nov 7, 2009 9:28:40 AM
The dollar was strong early on Friday and then weakened toward the end of the day. Is this a decoupling of oil from the dollar?
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yukonjack

Champion Author
Georgia
Posts:4,384 Points:1,139,045 Joined:Oct 2004
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Message Posted: Nov 7, 2009 9:24:34 AM
Oil is still above $77. That's not a very big tumble.
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saveongasNC

Champion Author
North Carolina
Posts:3,287 Points:721,750 Joined:Aug 2008
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Message Posted: Nov 7, 2009 9:24:02 AM
That sounds good to me!
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YLHandyman

Champion Author
Orange County
Posts:4,589 Points:830,745 Joined:Feb 2008
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Message Posted: Nov 7, 2009 9:20:56 AM
Don't tell me it dropped until it "drops" below $50.
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Bonanza

Champion Author
Boston
Posts:6,223 Points:1,573,615 Joined:Jun 2004
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Message Posted: Nov 7, 2009 9:20:38 AM
I like the idea that oil prices are low
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bell05

Champion Author
Atlanta
Posts:4,326 Points:901,205 Joined:Jun 2005
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Message Posted: Nov 7, 2009 9:18:07 AM
All the specualtion and forcasts in the world isn't going to increase use with so many people out of work, and they ain't going back to work tomorrow neither. Probably won't as long OB is in the office.
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neptune2008

Champion Author
Michigan
Posts:3,609 Points:711,255 Joined:Aug 2008
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Message Posted: Nov 7, 2009 9:15:23 AM
oil supposedly drops and gas prices rarely do accordingly...
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snappyray09

Champion Author
Arkansas
Posts:2,945 Points:358,995 Joined:Sep 2009
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Message Posted: Nov 7, 2009 9:14:11 AM
BIG oil !@#$%^&*( with us again .
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roadkillGA

Champion Author
Georgia
Posts:3,382 Points:485,950 Joined:Jun 2008
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Message Posted: Nov 7, 2009 9:13:11 AM
And in turn creates profits, which are good but taxes in local govts. have not gone down.
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mysub

Champion Author
Las Vegas
Posts:4,298 Points:1,362,440 Joined:Apr 2006
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Message Posted: Nov 7, 2009 9:10:31 AM
Crude tumbles but our gas prices rise. Go figure.
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squeakyUT

All-Star Author
Salt Lake City
Posts:874 Points:244,520 Joined:Jun 2009
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Message Posted: Nov 7, 2009 9:08:42 AM
Are the speculators just figuring this out now? No wonder we're paying what we are.
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BazooQC

Champion Author
Montreal
Posts:4,746 Points:675,405 Joined:Oct 2008
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Message Posted: Nov 7, 2009 9:07:13 AM
Isn't that funny. At the beginning of the week we were in recovery mode and all of a sudden reports don't show that. But gas prices still climbed for nothing.
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doncNJ

Champion Author
New Jersey
Posts:2,770 Points:563,870 Joined:Oct 2008
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Message Posted: Nov 7, 2009 9:06:52 AM
High supply with low demand should be lower prices BUT
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148366

Champion Author
Spokane
Posts:3,646 Points:1,032,500 Joined:Apr 2007
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Message Posted: Nov 7, 2009 9:06:41 AM
A lot of people have stated the recession was not over but few if any will believe it.
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katiejayWV

Champion Author
West Virginia
Posts:1,250 Points:379,285 Joined:Nov 2008
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Message Posted: Nov 7, 2009 9:06:10 AM
There is also to much supply. Oil should continue to go down.
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qmyster

All-Star Author
Denver
Posts:570 Points:166,540 Joined:Aug 2009
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Message Posted: Nov 7, 2009 9:01:43 AM
UPs and Downs, Fast ups but slow downs.
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rvn4me

Champion Author
Texas
Posts:1,872 Points:551,810 Joined:Jan 2009
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Message Posted: Nov 7, 2009 9:01:29 AM
Even with the drop in price it is still to high.
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dbatw

Champion Author
St. Louis
Posts:1,686 Points:341,165 Joined:Apr 2009
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Message Posted: Nov 7, 2009 8:57:13 AM
well said, jeepman64, well said! The two statistics are totally unrelated except for speculators who string us along. We gotta get out of this dependency on crude oil.
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bobbyd28

All-Star Author
Virginia
Posts:903 Points:117,850 Joined:Apr 2008
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Message Posted: Nov 7, 2009 8:56:57 AM
obama admits it was a big head ache for him but on the other side he can still blame his mistake to bush because people are dumb to believe him
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NorthglennBill

Champion Author
Denver
Posts:3,013 Points:573,755 Joined:Oct 2008
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Message Posted: Nov 7, 2009 8:56:21 AM
Speculation, speculation, speculation. All very false economy.
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Lengas

Champion Author
Gary
Posts:8,371 Points:1,738,100 Joined:Nov 2004
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Message Posted: Nov 7, 2009 8:53:32 AM
The little drop will be followed by a big bounce up.
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Zonk

Champion Author
Michigan
Posts:1,568 Points:1,147,590 Joined:Oct 2005
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Message Posted: Nov 7, 2009 8:50:53 AM
What can I say? Oil $$$ go UP and DOWN, UP and DOWN.
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Rt118E

Champion Author
Pennsylvania
Posts:3,069 Points:395,365 Joined:Jun 2009
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Message Posted: Nov 7, 2009 8:50:17 AM
People are losing job all over the place. Unemployment up over 10%.
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bluenvoy

Champion Author
Nashville
Posts:7,806 Points:1,089,740 Joined:Oct 2005
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Message Posted: Nov 7, 2009 8:47:12 AM
Artificial price gouging will only last for a few months. Then the bottom falls out of the price.
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