Biggest oil price drop in history coincides with US policy shift with Iran

[pavyracer]

Talk about some market manipulation by the Bush administration. The SOB created the artificial tension with Iran to drive the prices from $100 to $150 in two months and then shorted at $150 to drop them down again.

Pure market manipulation that should be criminal in the banana republic of Bush.

[Panic]

Hmmm. Wonder if there has ever been a President in the United State past that would escape prosecution for acts they have done in office. I would like to hear about one President who did no wrong and didnt have a personal agenda. They're all crooks, Pavy. Slap yourself, its politics.

[reno cool]

I'd like to see them all in front of an international court.

[daggerkobe]

What is wrong with this country when we impeach someone for receiving oral but won't for killing almost 10,000 Americans and wasting half a TRILLION dollars on a war that he fabricated.

[BrentCrude]

Anyone want to make a bet that oil will go over $150 by years end?

I would rather be holding a betting ticket that oil will sell for $150 a barrel anytime by years end rather than $100 anytime by years end.

The government and fed are doing everything in their power to get the plunge protection team in full mode to keep everything artificially propped up.I wouldn't want to be riding on the kind of tires they have the economy riding on..

Nice try but it's not going to work!!!!!!!!

[pavyracer]

I would rather be holding a betting ticket that oil will sell for $150 a barrel anytime by years end rather than $100 anytime by years end.

The government and fed are doing everything in their power to get the plunge protection team in full mode to keep everything artificially propped up.I wouldn't want to be riding on the kind of tires they have the economy riding on..

Nice try but it's not going to work!!!!!!!!

Oil will be at $100 a barrel the month before the US election. You will never see again $150 oil once Bushwack and his chronies are ousted. I bought a Hummer 3 this weekend at $20,000 off Kelley Book and I'm planning to ride it hard in 2009 with oil prices sinking.

[BrentCrude]

Pavy,don't put a mile on that Hummer!!!!!

Oil will be at $100 a barrel the month before the US election. You will never see again $150 oil once Bushwack and his chronies are ousted. I bought a Hummer 3 this weekend at $20,000 off Kelley Book and I'm planning to ride it hard in 2009 with oil prices sinking.

Pavy,please,do not drive your Hummer!Keep it in pristine condition and in a few years it will be a museum piece when gas is $7 a gallon and GM will be out of business.People will be driving those 2 cylinder little Tator cars from India and will see the Hummer and say,look what idiots used to drive in the old days.

You made a wise investment as a piece of art work and not a functional viable vehicle.The only Hummer dealership in Minnesota just went out of business.The only one's that were still buying them were pro athletes.Doesn't that tell you something?Only dumbies buy Hummers these days.hehe,Just kidding,all in fun.

[pavyracer]

When everyone is selling you should be buying. The guy was so scared he practically gave me the Hummer for free. Next year the price of Hummer will be untouched with oil going below $100.

Bushwack out = oil price down

[accuscoresucks]

When everyone is selling you should be buying. The guy was so scared he practically gave me the Hummer for free. Next year the price of Hummer will be untouched with oil going below $100.

Bushwack out = oil price down

damn pavvy that would be nice.oil prices suck last 6 months go up seemingly out of the sky

[BrentCrude]

Pavy,do you actually think gas prices will go down when Obama gets elected?Even if he did a masterful job of cleaning up the thousands of years of problems in the middle east which he won't,he will have to tax gas like Europe does to pay for all his social programs.Look where Curious George Obama comes from,Illinois!!It's the highest gas tax and every other kind of tax state in the country almost.Illinois should be low tax fly over country like Missourri but it's more like Massachusetts,New York and California.Socialists come from all these places.Do you not think we aren't going to turn into some euro country over here when Obama gets elected?

[pavyracer]

The oil prices are artificially inflated. They are inflated because of the policy of fear Bushwack and his chronies practice. When there is stability in the world the prices will go down like the Clinton years where a blowjob only worthed $20 a barrel.

[Deuce]

Talk about some market manipulation by the Bush administration. The SOB created the artificial tension with Iran to drive the prices from $100 to $150 in two months and then shorted at $150 to drop them down again.

Pure market manipulation that should be criminal in the banana republic of Bush.

U.S. Sources of Oil

1. Canada
2. Mexico
3. Saudi Arabia
4. Venezuela
5. Nigeria
6. Angola
7. Iraq
8. Algeria
9. United Kingdom
10. Brazil


Where is Iran? Does this even make sense anymore? If you're implying that world crude is up because of this it simply retarded. Bush didn't start shit with Iran. Iranians started by showing off their nukes like it's their 2 inch prick.

[pavyracer]

Deuce,

The price of oil is not affected by US demand. Us demand is down and is only 20% of world demand. Your arguement regarding US sources of oil makes no sense unless you think the 20% world demand controls the price of product which is preposterous to say the least.

[SBR_John]

Talk about some market manipulation by the Bush administration. The SOB created the artificial tension with Iran to drive the prices from $100 to $150 in two months and then shorted at $150 to drop them down again.

Pure market manipulation that should be criminal in the banana republic of Bush.

And a lot of other factors. Finally Bush stopped purchasing 70,000 barrels a day to build up the strategic reservoir. That helped. But mainly the predicted drop in consumption due to high prices mainly in Asia gets the booby prize. If the drop in demand does not materalize then prices will be back up. Kind of the ole supply and demand 101.

[topgame85]

It goes up partially because of conflict with Iran because of the straight of Homruz or whatever its called which is near Iran which is an area oil ships sail through and could be shut down should war break out, also Venezula is now associated with Iran and threatens to cut off oil to US if we invade Iran