futbolking 766 Report Share Posted October 16, 2008 Some say it may go as low as $50....now that may be the economic stimulus we need... Quote Link to comment Share on other sites More sharing options...
atmtaz18 10 Report Share Posted October 16, 2008 Some say it may go as low as $50....now that may be the economic stimulus we need... true that Quote Link to comment Share on other sites More sharing options...
Deleted Account 5,203 Report Share Posted October 16, 2008 true that As the gas prices now fall to $2.55 in central PA... Quote Link to comment Share on other sites More sharing options...
bhs7695 185 Report Share Posted October 16, 2008 I don't think you'll see it get to $50. OPEC has scheduled a meeting next Friday to discuss oil productions and they will likey vote to decrease production as demand decreases to try and hold prices somewhere in the mid $60. Quote Link to comment Share on other sites More sharing options...
Lance 228 Report Share Posted October 16, 2008 saudi's still out of OPEC or did they make friends again? Quote Link to comment Share on other sites More sharing options...
GMan 3,569 Report Share Posted October 16, 2008 OPEC is nothing without the Saudis playing ball... Quote Link to comment Share on other sites More sharing options...
Deleted Account 5,203 Report Share Posted October 17, 2008 OPEC is nothing without the Saudis playing ball... How true this is. Quote Link to comment Share on other sites More sharing options...
Lance 228 Report Share Posted October 17, 2008 OPEC is nothing without the Saudis playing ball... so are they back in or still out? last I heard they walked out of OPEC... Quote Link to comment Share on other sites More sharing options...
GMan 3,569 Report Share Posted October 17, 2008 so are they back in or still out? last I heard they walked out of OPEC... We will find out at the next meeting...I think they will show but will demand to have more "pull" in regards to OPEC or they will walkout again... Quote Link to comment Share on other sites More sharing options...
beaverbaseball 10 Report Share Posted October 17, 2008 We will find out at the next meeting...I think they will show but will demand to have more "pull" in regards to OPEC or they will walkout again... Took me only 36.00 to fill up today..I was pretty excited Quote Link to comment Share on other sites More sharing options...
deuceswild 15 Report Share Posted October 17, 2008 Took me only 36.00 to fill up today..I was pretty excited LoL. I never thought I'd say this but I can't wait to fill up after work.. Quote Link to comment Share on other sites More sharing options...
sandman 13 Report Share Posted October 17, 2008 I don't think you'll see it get to $50. OPEC has scheduled a meeting next Friday to discuss oil productions and they will likey vote to decrease production as demand decreases to try and hold prices somewhere in the mid $60. They can meet all they want, if they know the price is going to $60-50, don't you think they'll sell all they can at $70? Anyway these countries that make up OPEC can't cut production too much, because their economies are set up to run off almost entirely from oil revenues. Quote Link to comment Share on other sites More sharing options...
Lance 228 Report Share Posted October 17, 2008 it's a win-win for them...they make less and charge more...which means more oil for them long term...they won't let it fall very low because they know we will pay it now....you will never see chepo oil like we had before this all started again. Quote Link to comment Share on other sites More sharing options...
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