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Oil prices could drop to $50

Canadian Content
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Oil prices could drop to $50


Business | 208001 hits | Jun 14 8:56 pm | Posted by: Scape
27 Comment

The worsening economic situation in Europe could bring Brent crude prices down to $50 per barrel this year, according to research prepared by Credit Suisse.

Comments

  1. by avatar RUEZ
    Fri Jun 15, 2012 5:47 am
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.

  2. by avatar Freakinoldguy
    Fri Jun 15, 2012 7:31 am
    Yes but:

    The refineries are

    a. Broken and need repair................yet again;
    b. Are shut down for maintenance.............again.

    The cost is increasing because of:

    a. A giant demand for fuel by yak herders in Ethiopia,
    b. Indian Call center employees are now powering their telephones with gasoline
    c. Al Gore is pressure washing his California Beach Front home.


    The real reason is:

    We can charge you what the fuck we want and there's not a thing you can do about it. So like we told that annoying Senate Committee a couple of years ago.

    Suck it up or you can start walking.

  3. by avatar andyt
    Fri Jun 15, 2012 7:33 am
    Why walk when you can ride a bike?

  4. by Lemmy
    Fri Jun 15, 2012 1:18 pm
    Because walking makes the crack of my ass 98% less sweaty.

  5. by Regina  Gold Member
    Fri Jun 15, 2012 1:46 pm
    "Lemmy" said
    Because walking makes the crack of my ass 98% less sweaty.

    PDT_Armataz_01_32

    :lol:

  6. by avatar 2Cdo
    Fri Jun 15, 2012 2:44 pm
    "RUEZ" said
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.


    I don't know where you live but we've seen about a 20 cent/litre DROP in prices!

  7. by avatar bootlegga
    Fri Jun 15, 2012 3:02 pm
    "2Cdo" said
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.


    I don't know where you live but we've seen about a 20 cent/litre DROP in prices!

    Yep, gas prices have fallen in Edmonton too - by at least 10 cents over the past couple months.

  8. by avatar 2Cdo
    Fri Jun 15, 2012 3:25 pm
    "bootlegga" said
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.


    I don't know where you live but we've seen about a 20 cent/litre DROP in prices!

    Yep, gas prices have fallen in Edmonton too - by at least 10 cents over the past couple months.

    What shocks me the most is this 20 cent drop has been in the last 10-14 days!

  9. by avatar bootlegga
    Fri Jun 15, 2012 3:30 pm
    "2Cdo" said

    Yep, gas prices have fallen in Edmonton too - by at least 10 cents over the past couple months.


    What shocks me the most is this 20 cent drop has been in the last 10-14 days!

    The drop could have been faster, but I don't know, I only fill up once every three weeks or so...gotta love the TDI!

  10. by avatar Brenda
    Fri Jun 15, 2012 3:52 pm
    "2Cdo" said
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.


    I don't know where you live but we've seen about a 20 cent/litre DROP in prices!
    It has been 128.9 since it rose from 122.9 in December here.

  11. by avatar andyt
    Fri Jun 15, 2012 3:59 pm
    "Brenda" said
    Meanwhile, in the real world. Oil has dropped about 20 dollars in the last few months without any drop whatsoever in gas prices at the pump.


    I don't know where you live but we've seen about a 20 cent/litre DROP in prices!
    It has been 128.9 since it rose from 122.9 in December here.

    Must be nice, it's in the mid 140's here. The only good thing is it hasn't kept going up the way it looked to be about a month ago.

  12. by avatar BartSimpson  Gold Member
    Fri Jun 15, 2012 4:10 pm
    Fuel prices tend to stick at higher levels partly because governments like it that way. The higher the price of fuel is the more tax revenue they receive (and the happier their anti-petroleum radical leftard constituents are). Therefore, asking government regulators to 'do something' about fuel prices is like asking Bobby Brown to 'do something' about crack.

  13. by avatar 2Cdo
    Fri Jun 15, 2012 4:31 pm
    I feel sorry for you folks in BC, it's $1.11 today here! I think I'll go top up everything that needs topping. 8)

  14. by avatar BartSimpson  Gold Member
    Fri Jun 15, 2012 4:46 pm
    "2Cdo" said
    I feel sorry for you folks in BC, it's $1.11 today here! I think I'll go top up everything that needs topping. 8)


    It works out to US$1.05 per liter for premium which is what I paid this morning.

    The cheapest gas in California right now is US$3.67 per gallon or about $.92 a liter.



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