Funny thing-oil prices (barrel) around $80, but demand is still

[old mark]

down. Do you think people in the US finally wised up and had enough of the oil/energy companies?
We have gas heat, still not very expensive, but we are installing a wood pellet stove, and looking at solar panels for electicity for our house just to get away from the energy companies. Is this a trend? will it last if energy prices come down again or have they really pissed everyone off this time?

mark

[slackmaster]

1. If we have a big round of layoffs, demand will go even lower

OPEC can suck on it.

[Supersedeas]

2. strange ain't it -- yet, as critical as OIL is to our economy, no one is proposing to NATIONALIZE it

[LiberadorHugo]

4. Yeah right...

Whenever somebody abroad tries to use oil resources in a way that benefits the people, Nancy Pelosi and other "leaders" of the gau-gauche take a shit on them and start worshiping Dumbya's and his failed crony capitalism. Good luck seeing it happen in the USA. Anybody who kicks Pat Robertson and his fascist cronies out of Latin America and reinvests oil revenues to benefit the people should be a hero to anyone remotely progressive.

[Fovea]

7. I Am!

and you should too!

Write your Congressperson and demand we nationalize oil, coal, and natural gas.

Use all energy revenues not involved in production or distribution should go into new energy
sources and techniques.

[dkf]

3. I'm curious if "demand" isn't down because there were

shortages in a whole lot of places due to Ike.

How would inability to access gas appear? As "lack of demand"?

[Oregone]

5. USD is up. This alone would make oil cost less.

[chill_wind]

6. Short lived? OPEC meets next month to discuss cutting production

Thomson Financial News
OPEC to discuss 'production cut' in Nov meeting -Qatar
10.10.08, 4:07 AM ET

http://www.forbes.com/afxnewslimited/feeds/afx/2008/10/10/afx5534427.html

[ProfessorGAC]

8. Funnier Thing

Demand has not changed by enough to explain a 42% drop in oil prices. So, that means the prices were not being set by supply & demand like everyone without a clue was saying.

Nope. Speculators have no negative effect on prices at all? SSSSSUUUURRRREEE they don't.
The Professor

[SammyWinstonJack]

9. .

:thumbsup:

[bemildred]

10. Yep. nt