Oil Prices Fall, While Gas Hits Another Record.

[screwdriver_clock]

http://money.cnn.com/2008/06/10/news/economy/gas/index.htm?eref=rss_topstories

NEW YORK (CNNMoney.com) -- Crude prices turned lower Tuesday on a strengthened dollar and a report showing increased output from Saudi Arabia and OPEC, while gasoline reached another record high average that stretched above the $4-a-gallon threshold.
Light, sweet crude for July delivery fell 32 cents to $134.03 a barrel in trading on the New York Mercantile Exchange as investors homed in on the strengthening dollar.
The dollar rose against major European currencies this morning.
"Seems like the dollar's trumping all right now," said Phil Flynn, senior market analyst with Alaron Trading.

I didn't read the rest of that story but FUCK YEAH PATRIOTISM! HOOAH!





USA! USA! USA! USA!

[Bigglesnoots]

you're going to jinx it >:(

no I'm pretty sure America will fuck it up all by itself!

[CaulkClock]

So how's that unemployment rate and recession fear going for you?

[screwdriver_clock]

So how's that unemployment rate and recession fear going for you?

Ehh not to bad. Once you realize you just have to get off of your ass and ride a bike, then spend your money as usual, the recession fear just proves to be a wakeup call to try other modes of transportation other than ones relying on crude oil from the Middle East. As for the unemployment rate, I'm secured with a job so fuck everyone else.

[Il Duce]

1 Canadian dollar = 0.98174 U.S. dollars

[Topcatyo]

So how's that unemployment rate and recession fear going for you?

Looking for a summer job, but all the places are filled up, and I'ma start riding a bike to work.
If you think about it, these oil prices will rise making more people ride bikes which might help with the obesity rate here.
As for the recession, buy more stuff, boost the economy, we'll either work this all out or go poor.

[BunnyClock]

Never forget:

April 22 2008
1 euro = 1.6001 dollar
 

[AlbinoClock]

SAVE YOUR FEDERAL RESERVE NOTES BOYS, UNCLE SAM IS COMING BACK!

[Steve]

i can still get 2 dolla a pound

[CranberryClock]

1 Canadian dollar = 0.98174 U.S. dollars

Although this might be true, you guys have free health care and dental.. but still have managed to jack both those up.

[CranberryClock]

Never forget:

April 22 2008
1 euro = 1.6001 dollar
 

That is also a stupid fact, since my Saleen Mustang cost less to fill up than your Smart Car.

[Il Duce]

Although this might be true, you guys have free health care and dental.. but still have managed to jack both those up.

So there's more expensive free health care? And last time I checked, dental wasn't free.

[buttplug]

Ehh not to bad. Once you realize you just have to get off of your ass and ride a bike, then spend your money as usual, the recession fear just proves to be a wakeup call to try other modes of transportation other than ones relying on crude oil from the Middle East. As for the unemployment rate, I'm secured with a job so fuck everyone else.

Ok but you can't ship things on bikes.

And it is a recession, not just a scare.

Also, the reason for the jumping prices are people invensting in oil futures (Much like all the corruption that happened at Enron)
EDIT: see, like this right here

"This is just simply a market that is defined by a speculative furvor....

[AnchorClock]

Gas is more expensive than milk. I can't get gas from Hillary Swank's breast's though.

[Blue]

Secretly... I've never cared about gas prices.

Sure, I have to pay 3 times as much at the pump as I used to, but I've never really cared that much...

And as great as it is that we'll soon be drilling more in the US for oil... I wish we wouldn't.

Go with me on this logic...


There is a very finite amount of natural crude oil in the world... Once it's gone we'll have to resort to man made oil which (at this point) is much more costly to procure.

Eventually the wells will run dry, and the country with the largest reserves will swiftly become the richest nation in the world (if it isn't already)... And I'm all for that being the US, when it happens... Even if I'm long dead.

[CubeMelonClock]

Never forget:

April 22 2008
1 euro = 1.6001 dollar
 

Yeah guys, the day that the combined currency powers of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, and Spain equaled about 1 and a half American dollars!

But I digress because arguing about currency value is meaningless.

As for the whole recession thing: America WILL ALWAYS hit recessions because of the business cycle:
Peak > Recession > Trough > Expansion > Peak > Repeat.
But America has been constantly following a trend of economic growth in the aggregate, so it ends up stronger after every recession. That's just how the system works.

Srsly though, having pissing contests about what country is better is just lame and pointless, especially if you are using currency as a litmus test.

[ToyotaClock]

1 Canadian dollar = 0.98174 U.S. dollars

The day the dollar is worth less than the Canadian dollar is the day I kill myself.

[CranberryClock]

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

pretty sure canadians pay more for gas... must be a recession /sarcasm

[FluxCapacitorClock]

If you think about it, these oil prices will rise making more people ride bikes which might help with the obesity rate here.

The obesity rate is entirely to do with the food we eat. Here in America, nothing we eat is healthy. Everything is loaded up with preservatives, oils, fats, or other miscellaneous shit.

I don't personally care though because somehow I remain skinny even though I eat a lot, same with my dad.

[screwdriver_clock]

The obesity rate is entirely to do with the food we eat. Here in America, nothing we eat is healthy. Everything is loaded up with preservatives, oils, fats, or other miscellaneous shit.

I don't personally care though because somehow I remain skinny even though I eat a lot, same with my dad.

Solution: Farmers Market for vegetables, meats can be cooked yourself. If people didn't go to restaurants so much we wouldn't have this problem. And it takes a little sense to know that if you practice, you can cook a fantastic meal, and properly freeze it so when its thawed and heated it still tastes good. The problem is people need to be willing to fix their problems and do things differently than their parents did, but most people don't want to.