Oil finally takes a little dive

aqualung · Posted: Thu Jun 23, 2011 8:55 am Post subject: Oil finally takes a little dive

Finally a little good news.

The cost of oil has been on a slow but steady decline, but today it took a plunge of almost $4.00 so far.

Then I see the Fed strategic reserve is releasing 300 million barrels,
I can only hope the $4.00 plunge will become a $14.00 plunge or better

Watch how slowly the price drops at the pump compared to how fast the price goes up....the bastids!

pramsey · Posted: Thu Jun 23, 2011 8:58 am Post subject:

Now if they can get through the pesky Ethanol problem for marine engines/motors.........

aqualung · Posted: Thu Jun 23, 2011 9:00 am Post subject:

That's a whole different issue, I'll be happy with a price drop for now.

mac636 · Posted: Thu Jun 23, 2011 11:52 am Post subject:

Gotta luv how the feds say they are going to investigate price gouging for increased profits. Seem to hear this every year. Funny how every time gas prices soar, big oil posts record profit margins. Guess the feds don't see the pattern. Confused

Gas prices jump 3 steps forward, and when they drop one step back, everybody is happy. Playing us all as fools.