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Mattyk 10-10-2008 04:26 PM

The meltdown's silver lining - cheap oil
 
I guess there's a bright side to everything

[url=http://money.cnn.com/2008/10/10/news/economy/oil_prices/?postversion=2008101013]Cheap oil: the stock selloff's silver lining - Oct. 10, 2008[/url]

jamf 10-10-2008 04:50 PM

Re: The meltdown's silver lining - cheap oil
 
And I can finally afford a home on my own in this bullshit market.

GTripp0012 10-10-2008 05:01 PM

Re: The meltdown's silver lining - cheap oil
 
Yeah, but if the price per barrel is just artificially low thanks to the current global economy, all that's going to do is create the same sort of overvalued oil market as we just faced in the sub-prime housing market.

If OPEC isn't increasing production, then all the people that re-invest in oil are just going to get screwed when prices skyrocket again when the day comes that all the economies recover.

Cheaper gas prices will help us function in the short term, but it's a epic mistake if we don't use the cheaper energy prices to make a long-term investment in renewable energy sources.

Hog1 10-10-2008 05:07 PM

Re: The meltdown's silver lining - cheap oil
 
Opec met today to discuss cutting production...........

saden1 10-10-2008 05:07 PM

Re: The meltdown's silver lining - cheap oil
 
Hallelujah, Diddy will finally be able to fly private again.

[yt]_yh1NHRP3NA[/yt]

Beemnseven 10-10-2008 06:29 PM

Re: The meltdown's silver lining - cheap oil
 
I wonder if oil prices would have fallen anyway, regardless of the current circumstances. They always seem to decline a bit in the fall/winter.


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