Oil Prices Going Down?

As financial powerhouses on Wall Street face trouble, people cannot afford gas and oil.Â From driving bikes to wearing sweaters, everyone is conserving.Â Apparently the market is feeling it because finally the cost of crude oil went below triple digits - check out the New York Times article:

Â http://www.nytimes.com/2008/09/16/business/worldbusiness/16oil.html?_r=1&hp&oref=slogin

Do you think the gas bubble has passed?Â What about the housing bubble?Â It is making a major impact on everyone - how about you?

Comments: 5

جيرسي جو Sep 15, 2008, 11:02am UTC

According to Bush and McCain, the economy is 'fundamentally sound', so there is no need to worry.

No, need for change, everything is fine.

Right??

Right???

Please tell me everything is OK.......

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Jean R B. Sep 15, 2008, 11:23am UTC

We are now making oil from coal remmants. I thought that we could help the average person, but no, we have a contract with the Navy for all the oil we produce.

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Tanzanite S. Sep 15, 2008, 12:08pm UTC

The collapse of major stocks is having a significant impact, making the price of gas irrelevant.

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جيرسي جو Sep 15, 2008, 12:29pm UTC

With the reduced demand will come lower prices.

A depression is good at reducing prices.

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Sarah (I want points) Sep 16, 2008, 1:42pm UTC

I don't think we're out of the woods on anything yet.

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Oil Prices Going Down?

Comments: 5

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