The meltdown's silver lining - cheap oil

MTK · 10-10-2008, 05:26 PM

I guess there's a bright side to everything

Cheap oil: the stock selloff's silver lining - Oct. 10, 2008

jamf · 10-10-2008, 05:50 PM

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

GTripp0012 · 10-10-2008, 06:01 PM

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.

Hog1 · 10-10-2008, 06:07 PM

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

saden1 · 10-10-2008, 06:07 PM

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

Beemnseven · 10-10-2008, 07:29 PM

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.

10-10-2008, 05:26 PM	#1
MTK \m/ Join Date: Feb 2004 Location: NY Age: 52 Posts: 99,569	The meltdown's silver lining - cheap oil I guess there's a bright side to everything Cheap oil: the stock selloff's silver lining - Oct. 10, 2008 __________________ Support The Warpath! \| Warpath Shop

10-10-2008, 05:50 PM	#2
jamf Pro Bowl Join Date: Jul 2004 Location: San Diego Ca Posts: 5,323	Re: The meltdown's silver lining - cheap oil And I can finally afford a home on my own in this bullshit market.

10-10-2008, 06:01 PM	#3
GTripp0012 Living Legend Join Date: Mar 2006 Location: Evanston, IL Age: 36 Posts: 15,994	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. __________________ according to a source with knowledge of the situation.

10-10-2008, 06:07 PM	#4
Hog1 Quietly Dominating the East Join Date: Mar 2005 Location: Naples, Florida Posts: 10,675	Re: The meltdown's silver lining - cheap oil Opec met today to discuss cutting production........... __________________ Goodbye Sean..........Vaya Con Dios thankyou Joe....... *“God made certain people to play football. He was one of them.” – Joe Gibbs*

10-10-2008, 06:07 PM	#5
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 45 Posts: 10,069	Re: The meltdown's silver lining - cheap oil Hallelujah, Diddy will finally be able to fly private again. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

10-10-2008, 07:29 PM	#6
Beemnseven Pro Bowl Join Date: Feb 2004 Location: Virginia Beach Age: 50 Posts: 5,311	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.

The meltdown's silver lining - cheap oil

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