Oil steady near $125 on Gulf of Mexico storm

where all the 4folk that said 150, 170, 200 a barrel by end of summer, come on guys come back its ok you were wrong

 

We need to get Guy's Lady to tell them it pooped out completely. Ought to be good for a few more $ drop.

 

Leave it to CNN to credit Obama for oils drop.

Oil takes a big dip

Crude briefly slips below $120 a barrel as a tropical storm misses Gulf facilities and Obama signals that he might back some further off-shore drilling.

http://money.cnn.com/2008/08/04/markets/oil/?postversion=2008080413

 

well i'm no obama supporter, but I watched his town hall meeting, and I imagine it did have a little something to do with it, but not a big issue. Think about it the media pretty much thinks he is a shoe in, so therefore what he says right now has alot of value

 

Most of those folks (me i know) said that price of oil would go down towards the presidential election.. (it almost always does) Politics at work here... You can bet it will no doubt shoot WAY back up...

Also Bank on Israel doing something, because Israel is not going to let Iran become a nuclear state... Israel will attack Iran and America will protect the oil ways....... You will see near $200 a barrel in oil then..

 

i have to disagree with you on this truckerjo and i sually agree with what you say, you are right it has stuff to do with the elections no doubt, but its topped out at the 149 mark its not going back up that high not for a long long time if ever again, it will btoom out around 80-100 a barell by yrs end, next summer hit between 100-125 and then drop back down again, you watch