[CNN] Oil prices too low for some 2008.10.23
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Uploaded by NewsRevue on Oct 23, 2008
Oil producing nations and oil companies were counting on high-priced oil.
CNN's Jim Boulden explores their next move.
- 1 likes, 0 dislikes
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They can cut 10M barrels, it won't matter. Suddenly $70 2007's ceiling is the floor? BS! Save money and the US by shifting to these wonderful alternatives: Electricity, which feeds the local utility or wood/pellet stoves. Every dollar taken from overseas oil, invested in local US produced wood and pellet stoves or electrically driven heat sources, is one more dollar staying stateside, and one less dollar going overseas where it hurts us and kills our troops.
Wake up America! We can DO THIS!
Yourdeadmeat69 3 years ago
No, the casino gamblers are just jumping out of oil from it's high. They'll get back on when it starts to rise again. Here it actually droped down to $2.09 a gallon! We might even be under 2 eventually. I love this crisis because it's causing DEFLATION, but in a year or two it could result in a true depression.
FatLibertarian 3 years ago