Crude Oil closes at $48.85
 

What happened to all the "Oil will NEVER see $50 again" crusaders that were running their mouths around here like 6 months ago?

Pretty funny its down almost $100 since July time and in the UK prices have only dropped 50 cents a litre!

Remember when it was > $200? Prepare for that next year. Recession or not... greed will consume.

that is really amazing. wonder how low they will let it get before the really slow down production.

Dollar is strong. Once the inflation from all these bailouts kicks in we should see 200 plus oil.

fuck im hoping people will wake up stop using gas

isn't fun to be constantly fucked with and manipulated ...

Sell USD to bank for CAD @ 1.2755

Market manipulation is at a low now with all the talks of USA market going green now :1orglaugh

Well sorry to point this out Mr. Smartty Pants, but 48$ AINT 50$$$


So they were right.., Sort of.
:1orglaugh

See my post from back in 2005 regarding the gasoline price histeria after Katrina - anyone with a memory of past manipulation scandals, such as Enron and the 1970s gas crisises, knew it was only a matter of time before the bottom dropped out of the oil markets - about the only suprising aspect was how fast crude cratered ... down nearly $100 in a few months.

http://www.gofuckyourself.com/showpo...68&postcount=9

Ron

that sux!!! i guess its the govt making bank???

Its pretty funny. A bunch of rich assholes ran this stock just like a spammer pump and dump. They got the price up up up and then sold and let the peons fall off the wall like humpty dumpty.

It doesn't really have much to do with the actual price of oil. More and more people have figured out that the stock market is just as much of scam as our monetary system itself. Everyone is pulling out and preparing for the very near future of hyperinflation. Gold and silver in the real market is skyrocketing. An imaginary price of something isn't going to matter when you are going to have to pay $10 for a loaf of bread.

Seriously folks, pay attention. In an ordinary market the price of oil gold and silver would go up when the stock market is dropping. Instead everything is dropping. To fend off disaster around the world you need to start talking to your world leaders now and demand a change of the monetary system. It's not just the US system that's screwed it's the whole worlds monetary system. Make sure they do not follow Gordon Browns plan.