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]

Re: The meltdown's silver lining - cheap oil
 

And I can finally afford a home on my own in this bullshit market.

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.

Re: The meltdown's silver lining - cheap oil
 

Opec met today to discuss cutting production...........

Re: The meltdown's silver lining - cheap oil
 

Hallelujah, Diddy will finally be able to fly private again.

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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.