Oil dips under $50 as investor confidence sinks »
Posted By STONERS 11 months, 3 weeks ago in Business & Finance
Oil dived under $50 a barrel on Thursday to hit the lowest level since May 2005, deepening losses as financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand.
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Tcaros11 months, 3 weeks ago
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I guess I was right about Bush pusing the "oil leases."
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The market was artificially inflated so they could lift offshore drilling. Except this time the DEMS didn't fall for Bush's tricks.
I guess we don't need to "drill baby drill." We need to "stop illegal price fixing baby, stop illegal price fixing." -
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doppich11 months, 3 weeks ago
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And Goldman has finally given up on its prediction of $200 oil.
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http://blogs.barrons.com/stockstowatchtoday/2008/1... -
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