Opec
Opec had a meeting today and they asked all members to start producing more oil so look forward to falling fuel prices!! Good thing new injectors are on the way..
06-02-2004, 07:24 PM
#2
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Yep. They have enough sense to know that if prices get too high, it hurts the economy, which hurts their oil sales. They don't want to kill the golden goose.
06-02-2004, 07:28 PM
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It's good news... but it seems to take forever to see the price at the pump go down...
BUT, when you hear of some sort of attack or a pipeline breaking or whatever, the signs at the station seem to change before the end of the news clip...
Tony
BUT, when you hear of some sort of attack or a pipeline breaking or whatever, the signs at the station seem to change before the end of the news clip...
Tony
06-02-2004, 07:39 PM
#4
Registered User
Don't hold your breath.
And, don't expect the price to drop anytime soon. With the attack on the Saudi oil unit over the weekend, July delivery future prices struck an all-time high @ $42/bbl. That's a buck a gallon for crude oil, just out of the ground. The market retreated slightly today.
http://www.bloomberg.com/markets/com...rgyprices.html
And, don't expect the price to drop anytime soon. With the attack on the Saudi oil unit over the weekend, July delivery future prices struck an all-time high @ $42/bbl. That's a buck a gallon for crude oil, just out of the ground. The market retreated slightly today.
http://www.bloomberg.com/markets/com...rgyprices.html
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