Oil Prices

Ranging God · **Posted:** August 8th, 2008, 12:40 pm

Wow oil prices have been dropping a lot now.
look at http://www.oil-price.net/

115.04 per barrel now, not bad =-D This site is pretty interesting, it updates frequintly.

Adbot · **Posted:** August 8th, 2008, 12:40 pm

Flash · **Posted:** August 8th, 2008, 12:44 pm

Why are they dropping? Shouldn't they be rising? Well, I'm just glad that they're dropping, but it's still weird. :shock:

murdererdood · **Posted:** August 8th, 2008, 12:51 pm

90 billion odd barrels of oil were found in the north pole.

Cheapest petrol round here is 111.9p a liter.

Ranging God · **Posted:** August 8th, 2008, 12:54 pm

Flash wrote:

Why are they dropping? Shouldn't they be rising? Well, I'm just glad that they're dropping, but it's still weird. :shock:

Well see, Since the US dollar is rising right now, and Oil is based off the dollar, if the dollar rises then( In America ) Oil will drop in price for us.

murdererdood wrote:

90 billion odd barrels of oil were found in the north pole.

Cheapest petrol round here is 111.9p a liter.

Are we going to be drilling for that? I cant remember. All I hope is that Obama doesnt get elected. DA wants more land drilling and forien emports :roll:

murdererdood · **Posted:** August 8th, 2008, 12:59 pm

It's being divided up between the US, Russia and various European countries i think. Canada might be involved too, not sure on that though. I'd imagine it's going to get drilled; fuel prices are going down.

Ranging God · **Posted:** August 8th, 2008, 1:01 pm

murdererdood wrote:

It's being divided up between the US, Russia and various European countries i think. Canada might be involved too, not sure on that though. I'd imagine it's going to get drilled; fuel prices are going down.

Ya but I dont think that has a factor in it. Since it takes 10+ years to even get the oil, then there needs to be refineries for it.

Adbot · **Posted:** August 8th, 2008, 1:01 pm

Kyle · **Posted:** August 8th, 2008, 8:02 pm

I just filled up for $3.79 a gallon, really not bad three weeks ago it was $4.56 a gallon. Oil prices should be going down its all the oil companies, supply and demand my *** when they make 40 billion dollar profit.

murdererdood · **Posted:** August 9th, 2008, 2:02 am

Expect them to go up relatively soon with the conflict in Georgia.