Oil - Peak Oil at that - Drops Below $100

[ThomWV]

All I'm sain' ...

http://money.cnn.com/2008/09/12/markets/oil/index.htm?cnn=yes

[ben_meyers]

1. I wonder where it would be if the

"Mother of All Storms" wasn't bearing down on the gulf coast? Notice gasoline futures are starting to pull back too, they just can't seem to find a floor.

[depakid]

2. Looking at specific data points misses the larger picture entirely

that's why its been dubbed the Long Emergency.

and btw: the models all predict large spikes and troughs, just as we've been seeing.

Follow the moving average over time, and the inexorable trend will become clearer to you.

[LSK]

3. what was that bullshit about drilling again????

:shrug:

[TornadoTN]

4. Wonder when that "Trickle Down" effect will get back to us?

It's hitting over $5.00/gal here due to gouging and panic buying. With oil going down, think we'll see it go lower? Right? Right?