Oil falls to 13-month low on recession worry

Happy Days??.....hardly.....

10/15/08 : U.S. crude fell $4.09 a barrel to settle at $74.54, falling to $74.22 in post-settlement Globex electronic trading, the lowest since September 2007 and down nearly 50 percent since hitting a record over $147 in July.

yup

A lot of people thought we would never see 100.00 a barrel oil again. OIl will be oversold as it was over bought.

I might be tempted to buy 50 gallons of heating oil just in case the coal unit breaks.... Nah.

I'm still hoarding as much coal as I can afford....OPEC and our greedy oil barons/politicians will find a way to get oil back up where they want it. They've tasted blood and will not be able to control themselves.

I called the oil company yesterday and put in an order, and the oil guy just drove out of the driveway. They put another 500 gallons into the tanks at $2.51/gallon. That's it, 1100 gallons in the tanks, 3 cords of wood in the driveway, and hopefully we're bunkered up for a while. Next, the coal delivery.

Now where's that damned Keystoker...

-- MW

Just imagine... This is a perfect world and the Greed mongers would not be allowed to manipulate the prices on a product that damn near caused a world depression(it may still happen)(You cant blame housing 100%) and we just said 'take your triple priced oil andfloat it back to sandland and eat it....How many days of no off-loading before they would be selling below $40 ? If we could just stop its for days on out terms it would totally break the stranglehold they have on us...Slap me ..its time to wake up

Tim it does sound nice but it will never drop to $40 a barrel again. OPEC has called an emergency meeting to discus cutting back on oil production because of the loss value that has happen per barrel of oil. They are not happy with not getting $100+ per barrel of oil.

I have a fuel Oil back up furnace.I called the fuel company for a delivery.They said the price was $3.89 /gallon.The diesel fuel at the pumps is $3.50 / gallon.After I saw that, I canceled the delivery. What the heck is going on with these guys.Their price has not gone down at all.With most of North East heating with fuel oil, how can they tax that higher than Diesel?? People are dumping the oil burners switching to LP. I don't think thats going to save much.You can get Off road diesel at 2/3 price.But only farmers and construction companies can get that.Not the working class or fixed income to heat their homes. Its $1000 dollars for one furnace tankfull. It has gotten way out of control now.I can see taxing gas or truck fuel.But heating oil? Nobody does anything,they say oh its George Bush's fault. But our local congress and senate, Dem or Rep just don't do anything! They can figure out how much it cost to make fuel oil and put controls on price ,but they won't. It does not matter who's in white house, its who's in the Legislative branch. Price is not going to go down if Obama wins.Nor probley if MCcain. Every one can't burn coal or wood.The electric companies in North East use fuel oil to generate power.The new nucular plants was killed 30 years ago.Now we are stuck with coal and oil fired plants.

Filled up last Friday for $2.39 a gallon of #2 heating oil in Southern Maine.

T-I-M-B-E-R DOWN SHE GOES WHERE IT STOPS NOBODY KNOWS.....ER $10 WOULD BE NICE
$67.00 BBL TODAY WILL LIKELY OVER SHOOT ON DOWNSIDE AS ALWAYS. i SEE IT LEVELING OFF @ $30-35
COAL SHOULD FOLLOW IT DOWN AFTER A LAG TIME.

tiogaglide wrote:I have a fuel Oil back up furnace.I called the fuel company for a delivery.They said the price was $3.89 /gallon.The diesel fuel at the pumps is $3.50 / gallon.After I saw that, I canceled the delivery. What the heck is going on with these guys.Their price has not gone down at all.With most of North East heating with fuel oil, how can they tax that higher than Diesel?? People are dumping the oil burners switching to LP. I don't think thats going to save much.You can get Off road diesel at 2/3 price.But only farmers and construction companies can get that.Not the working class or fixed income to heat their homes. Its $1000 dollars for one furnace tankfull. It has gotten way out of control now.I can see taxing gas or truck fuel.But heating oil? Nobody does anything,they say oh its George Bush's fault. But our local congress and senate, Dem or Rep just don't do anything! They can figure out how much it cost to make fuel oil and put controls on price ,but they won't. It does not matter who's in white house, its who's in the Legislative branch. Price is not going to go down if Obama wins.Nor probley if MCcain. Every one can't burn coal or wood.The electric companies in North East use fuel oil to generate power.The new nucular plants was killed 30 years ago.Now we are stuck with coal and oil fired plants.

YOU BETTER CALL AROUND DON'T LET THEM STICK IT TO YOU CALL AROUND!! PAY NO MORE THAN $2.50/GAL

If you buy it here using the citizens action pricing it's $2.74/gallon. .74 more if not.