Oil falls to 13-month low on recession worry

Oil falls to 13-month low on recession worry

PostBy: bear creek burnout On: Wed Oct 15, 2008 7:19 pm

Happy Days??.....hardly..... :mad:

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.
bear creek burnout
 
Stove/Furnace Make: Hitzer
Stove/Furnace Model: 503 Insert

Re: Oil falls to 13-month low on recession worry

PostBy: av8r On: Wed Oct 15, 2008 7:21 pm

yup
av8r
 
Hot Air Coal Stoker Furnace: Leisure Line Hearth with twin turbos (sounds like it)
Stove/Furnace Make: Leisure Line
Stove/Furnace Model: Hearth model with twin turbos

Re: Oil falls to 13-month low on recession worry

PostBy: traderfjp On: Wed Oct 15, 2008 8:13 pm

A lot of people thought we would never see 100.00 a barrel oil again. OIl will be oversold as it was over bought.
traderfjp
 
Stove/Furnace Make: Alaska
Stove/Furnace Model: Channing 3


Re: Oil falls to 13-month low on recession worry

PostBy: billw On: Wed Oct 15, 2008 8:41 pm

I might be tempted to buy 50 gallons of heating oil just in case the coal unit breaks.... Nah.
billw
 
Stove/Furnace Make: EFM 520
Stove/Furnace Model: GOODBYE OIL COMPANY

Re: Oil falls to 13-month low on recession worry

PostBy: av8r On: Wed Oct 15, 2008 8:46 pm

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.
av8r
 
Hot Air Coal Stoker Furnace: Leisure Line Hearth with twin turbos (sounds like it)
Stove/Furnace Make: Leisure Line
Stove/Furnace Model: Hearth model with twin turbos

Re: Oil falls to 13-month low on recession worry

PostBy: Mike Wilson On: Fri Oct 17, 2008 12:00 pm

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
Mike Wilson
 
Stove/Furnace Make: Keystoker 90 DV
Stove/Furnace Model: Jøtul Kennebec Wood Insert

Re: Oil falls to 13-month low on recession worry

PostBy: TimV On: Fri Oct 17, 2008 6:52 pm

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 :mad: '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 :P
TimV
 
Stove/Furnace Make: Energy King Furnace
Stove/Furnace Model: 480 EK

Re: Oil falls to 13-month low on recession worry

PostBy: Adamiscold On: Sat Oct 18, 2008 8:06 am

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.
Adamiscold
 
Stove/Furnace Make: Chubby Sr. Old School

Re: Oil falls to 13-month low on recession worry

PostBy: tiogaglide On: Wed Oct 22, 2008 11:34 am

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.
tiogaglide
 

Re: Oil falls to 13-month low on recession worry

PostBy: kootch88 On: Wed Oct 22, 2008 11:37 am

Filled up last Friday for $2.39 a gallon of #2 heating oil in Southern Maine.
kootch88
 
Coal Size/Type: Rice
Stove/Furnace Make: Reading
Stove/Furnace Model: Lehigh

Re: Oil falls to 13-month low on recession worry

PostBy: catdog On: Wed Oct 22, 2008 6:58 pm

T-I-M-B-E-R DOWN SHE GOES WHERE IT STOPS NOBODY KNOWS.....ER $10 WOULD BE NICE :D
$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.
catdog
 
Stove/Furnace Make: Leisureline
Stove/Furnace Model: Hearth (the best)

Re: Oil falls to 13-month low on recession worry

PostBy: catdog On: Wed Oct 22, 2008 7:01 pm

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 :D
catdog
 
Stove/Furnace Make: Leisureline
Stove/Furnace Model: Hearth (the best)

Re: Oil falls to 13-month low on recession worry

PostBy: av8r On: Wed Oct 22, 2008 7:35 pm

If you buy it here using the citizens action pricing it's $2.74/gallon. .74 more if not.
av8r
 
Hot Air Coal Stoker Furnace: Leisure Line Hearth with twin turbos (sounds like it)
Stove/Furnace Make: Leisure Line
Stove/Furnace Model: Hearth model with twin turbos