Fast Draw: Oil Prices (CBS News)
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like a year ago gas wen down to $1.20 O_O
awsome5ful 1 year ago
By this time next year, oil per barrel will be under $25.00.
tesskansas 1 year ago
The dollar is plunging? No shit! How do you think the Fed keeps interest so low but by creating (and thus debasing) currency? But of course these jackasses blame investors who are forced into commodities by that same Fed action.
Think about it; if you are only getting a 2% return on cash, and oil was gaining 15-30%, you'd be insane not to buy oil (or gold, copper, etc.)
IT"S THE FED, STUPID.
032125 1 year ago
@sophiegromit Your statement is so riddled with false premises that I don't know where to begin refuting it.
If foreign companies have an absolute advantage in producing a product, why wouldn't you change production to something in which you have an absolute advantage?
Your presumption is that US workers are somehow locked into a career, which is patently false, but is also built on layers and layers of nearly impenetrable presumption. I haven't the characters to carve through the crap.
032125 1 year ago
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OilTradingAcademy 1 year ago
Yes... competition NOW with much poorer countries than us, who will work our jobs for a fraction of what U.S. workers used to make. Globalism is KILLING the U.S. worker, without question. You will see that as the U.S. simply cannot support it's citizens job creation-wise, we will become more of a welfare state, in order that people can survive and put food on the table! Global Capitalism SUCKS, plain and simple.
sophiegromit 2 years ago
Of course... global capitalism means competition.
PrUnEJuIcEtHeThIrD 2 years ago
Use solar or Wind power.
LoveandEqualityToAll 2 years ago
IRAN opened up the IOB 8 weeks ago and is selling oil for EUROS. Gas prices are going DOWN for countries buy oil with EUROS because the Euro is getting stronger as the once-mighty petrodollar takes a nose-dive.
Pauling4711 3 years ago
Wow! $3.40 a gallon
I miss the good old days.
brad3378 3 years ago