Price of a barrel of oil $44 today!
 

I never thought we would see oil this low again. Hopefully lower fuel prices will take the sting out of the freight market being so slow. Anyone still buying T. Boone Pickens prediction of $200 a barrel oil by 2009?

Well, I don't know how long the prices will stay down, but it's nice anyway. It would be nice if the prices would stay down. :lol:
Wouldn't it be something if the price of fuel would be around .70 some-odd cents again? :lol:

They way things fluctuate now days, it wouldn't surprise me if the price did jump up to $200. a barrel.

I haven't traced it all out, but it sounds to me like the price of oil is like a gauge of how much work we're going to have in the not too distant future...

...cheap oil means a lot of sitting.

It may be absolutely mandatory for us to have other kinds of fuels if we're going to have a robust economy again.

it wil have the opposite affect. as I told my daughter couple months ago.. if, fuel/gas prices drop fast & far like people want, it wont be a good sign. when prices were high the market & economy demanded it. I knew if & when it dropped it would be for a reason. a bad one. I myself would rather have high fuel cost & plenty of freight than a dollar a gallon & no loads. when fuel was high, I may have had to take an extra load that week or run longer to make the same money, but if the work was there, then I had a choice to work. right now it is the sowest I have ever seen it & it's going to get worse.

What he said.

Personally I think that oil is going to slide down to about $37-38 ber barrel and hold there until around mid-July. Once it starts back up, I don't think it will get much above $53-56 ber barrel..for at least 5 or 6 years. Time will tell.

The run up to $147 per barrel was artificial. If investors hadn't been buying all the oil futures they coud lay hands too, I doubt that oil would have gone over $55-58 per barrel in the first place. :angryblue::angryblue::angryblue: I really don't have much sympathy for those investors who have lost their shorts.
:lol2::lol2::lol2::lol2:

Regardless...the damage has been done. Once it gets repaired, will "We" have to common sense, to not let it happen again?

:rofl::rofl::rofl::rofl:

I doubt that!


Do you suppose one of the oil companies would be up for a "Bail-out" package for Truckers?? :rofl::rofl::rofl: Sure...when the moon grows hay.

I wonder if some of these investors we are bailing out are part of the oil futures crowd? :angryblue:

I think it would be great of gas was at $0.25/gallon and diesel was around $0.17/gallon again. :D

You can bet they are. The Automotive Investors too.

It is a shame that a lot of little folks lost money. Those I feel sorry for. :tears:

But the mega-bucks people, those who manage the "Funds Markets", those are the ones that should be shot. They are the ones who ran up the "Home Mortgage" markets, then turned to the oil markets when they realized what they had done. :pissedoff::pissedoff::pissedoff::pissedoff:

Every one of those who got checks for millions, while the "Little People" lost their savings and retirements, should be tried for treason and shot.

Everybody is all upset over the foreclosures that are occuring. The only reason that the banks and investors are concerned, is because they don't want to own those properties, they want the inflated revenues that they feel is their reward for encouraging people to live above their means.

I was listening to one of the Senators interviewed this afternoon on Fox. I realized he was right. Let the "Big 3" file bankruptcy protection and reorganize. Yeah...lot's of people will get hurt in the short term, but like he said, long term it will be best for the country. Until I listened to the Q & A session they had today, and the analysts that were there to back up the "Big 3", I was all for bailing them out. Not now. Let them file and reorganize.

Cost me $24.50 to fill up my car today :)

Be nice if diesel would be cheaper than gas again, I still don't really get why its higher when its costs to produce are less??