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$150 oil by the 4th.

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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 12:25 AM
Original message
$150 oil by the 4th.
Any bets?

The bubble isn't gonna burst until it hits $200, which will happen in about September.
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 12:35 AM
Response to Original message
1. a guy on CNN mentioned that...
people want congress to put the brakes on speculation, and he was a speculator so...:shrug: it was kinda like a threat but there it was = regulate us and we'll bury you :(
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 12:38 AM
Response to Original message
2. Ah this is another reason why I absolutely love me bike
by the way today it was 4.43 to fill at BASE
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 12:43 AM
Response to Original message
3. The powers that be are smart enough to screw us into riding bikes more
Edited on Tue Jun-24-08 12:43 AM by DS1
and they're smart enough to only inflate fuel prices enough to keep us on the brink of death. If the American economy dies, so do many other systems, and they can't afford that. Expect the gas prices to rise just a little higher, and then drop just before October. They'll still be up for Northeast fuel oil bills, and will hurt mostly Democratic voting people, but this is what will happen.

It's all about extracting every last dollar from someone, without killing them.
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safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 02:41 AM
Response to Reply #3
9. One thing you can count on
Prices will be way down, oh, lets see, right around November election time.
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 12:47 AM
Response to Original message
4. That would really suck. For a lot of reasons. nt
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 01:13 AM
Response to Original message
5. that goes along with the talking heads talking about $8 gallon by Labor Day
It's time for Congress to do their fucking jobs.
This is extortion...plain and simple.
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greenman3610 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 01:42 AM
Response to Original message
6. my wife just drove our Prius from Michigan to Vermont
without stopping for gas
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 01:58 AM
Response to Original message
7. I Hear That Some Of These Speculators Are Getting Cold Feet And ........
are worried that they will start eating it - so they are getting to a point that they will start dumping and the price will go down precipitously and some will lose big dollars. They are watching for any negative sign to start dumping and the ones that do it first will lose the least. It will be a frenzy and a bloodbath. This is high stakes stuff and some are getting nervous.
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undergroundpanther Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-24-08 02:22 AM
Response to Reply #7
8. I hope
They dump it before winter.I don't know how I will keep warm this year.
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