Oil prices fall below $127 a barrel »
Posted By MyWayOnNow 4 months, 2 weeks ago in Business & FinanceOil prices fell below $127 a barrel Wednesday, extending a decline of more than $3 in the previous session on a growing sense that record- high costs have cut demand for gasoline and other fuel.
Read Full Story at breitbart.com »
Submitted By:
MyWayOnNow
Popular News Stories Submitted by MyWayOnNow from Social News Websites.
Also submitted:
Related Articles:
Why not submit a story?
Join the Discussion 
+ Add Comment
Comments So Far: 79
-
AlphaGnosisComment removed: User banned.13 Replies
-
-
AlphaGnosisComment removed: User banned.1 Reply
-
0%
Bacalao4 months, 2 weeks ago
I guess the oil companies will need another hand out from the federal government then. They need it for R&D and to drill new dry wells.
Reply
-
-
0%
stephen-johnson4 months, 2 weeks ago
Is that hissing sound the oil bubble getting deflated?
If speculators get burned this time around, no Bear Sterns-type bailouts for them.
Reply -
0%
nostalgia4 months, 2 weeks ago
Did you see this article from earlier this month?
U.S. gas: So cheap it hurts
Relatively low taxes have kept pump prices far below most other developed nations, which some say is precisely why the current runup is so painful.
Despite daily headlines bemoaning record gas prices, the U.S. is actually one of the cheaper places to fill up in the world.
Out of 155 countries surveyed, U.S. gas prices were the 45th cheapest, according to a recent study from AIRINC, a research firm that tracks cost of living data.
Most expensive places to buy gas
Rank Country Price/gal
1. Eritrea $9.58
2. Norway $8.73
3. United Kingdom $8.38
4. Netherlands $8.37
5. Monaco $8.31
6. Iceland $8.28
7. Belgium $8.22
8. France $8.07
9. Germany $7.86
10. Portugal $7.84
108. United States $3.45
http://money.cnn.com/2008/05/01/news/internatio...
Reply-
baddad59Comment removed: User banned.
-
0%
HMMace4 months, 2 weeks ago
--REMEMBER NOW--THESE PRICES INCLUDE ALL THESE COUNTRYS BENIFITS--LIKE HEALTH CARE FOR ALL--
THEY JUST TAKE IT AWAY FROM US IN WAYS..LIKE GAS TAX, AND ALL THE OTHER TAXES WE PAY..ITS JUST NOT ON THE "LIQUID" GAS WE PUT IN OUR CARS..FRANCE, AND ALL THE OTHER PAY THE SAUDIS, AND SUCH THE SAME PRICE FOR OIL AS WE DO..
Reply
-
-
0%
HannibalBarca4 months, 2 weeks ago
Me I think it fell cause the week end is over;,,next hike July 1 for me, July 4 for you
Reply-
0%
libsRfunny4 months, 2 weeks ago
Take note, Hannibal, that's a rare positive from me (not the first one, either ;)
Gas prices almost always shoot up on the holidays. Even some pay days. I used to work for the a state in its capital city a few years back and filled up my gas tank the day before state pay days. Prices always went up when state workers got paid and came down gradually over the weekend.
Reply-
0%
HannibalBarca4 months, 2 weeks ago
But of course there is no price fixing is there, we here in Canada have had 16 Gov inquiries into this, both Liberal and Conservative (Dems and Reps to you) and surprise; there is no such thing
Politics stink; all of them
Reply
-
-
-
-
0%
amazed4 months, 2 weeks ago
oh, now you're just going make me start singing Aerosmith -- you know, Dream On!
Reply -
AlphaGnosisComment removed: User banned.
-
-
0%
newbie04204 months, 2 weeks ago
Cheap energy in general or petrol based cheap energy? I'm guessing in general because they now know how much we ca afford for energy and will probably bend us over no matter what knid we transition to.
And yeah, I know it was nothing but a dream.
Reply
-
-
-
0%
amazed4 months, 2 weeks ago
So I wonder if gas prices will go down today?
Everytime the price per barrel goes up, they're up there on the ladder to change the prices seemingly within minutes of the announcement, somehow I think they'll take their time dropping the price at the pump.
I guess I'm just too cynical....
Reply -
0%
jimdoze4 months, 2 weeks ago
If you want to see the price of carbon-based energy turn around quickly, have the feds commission and finance a dozen new 5,000 MW nuclear fission reactors. The cost of oil would plummet, even against a market basket of currencies... and the dollar would turn and head higher, providing further oil cost benefits to the U.S. These trends would stay in place so long as the markets understood the U.S. to be serious in such a commitment.
Reply -
0%
not2needy4 months, 2 weeks ago
OMG, what ever am i going to do with all the money i'll save! lol
Thanks AG, any savings is a plus today.
Reply -
0%
walden34 months, 2 weeks ago
Oil was back to to $130 just a couple hours later. It's trading at $129.74 at 12:30.
The trend is up, up, up. Six months from now prices will be higher then they are today and a year from now prices will be higher then they are today. I wouldn't be surprised to see a small decline in gas over the next month or two, but not enough to make any of us feel good about.
Reply-
AlphaGnosisComment removed: User banned.1 Reply
-
0%
jmopinion4 months, 2 weeks ago
The excuse for the $4 turn around was a threat from Nigerian rebels.
Reply
-
-
0%
aniokly4 months, 2 weeks ago
There is a man in Indiana, put together a group of investers, and dug an oil well on his own property. Now they have 4 working wells, and I don't know who they sell the oil to, but they are selling it. I have a very small yard, and my snippy neighbers would sh*t a brick if I put in an oil well, but I must admit it is tempting.
Reply-
0%
walden34 months, 2 weeks ago
Did you know that there is an actual well on the grounds of Beverly Hills High School?
http://abcnews.go.com/print?id=1942646
"Black Gold at Beverly Hills High
Beverly Hills High Students Study in Shadow of Oil Well
By JESSICA RUTHERFORD
LOS ANGELES, May 10, 2006 รข;;
Beverly Hills High School may be best known for its famous alumni, its film and television appearances and its affluent students. But one thing it isn't known for -- even by some of the students -- is the oil well towering 150 feet over the sprawling campus. The oil tower at Beverly Hills High is owned and operated by Venoco Inc., located in Carpinteria, Calif. According to the company spokesman, Mike Edwards, the oil wells were already in place when the school opened in 1928."
Reply
-
-
-
AlphaGnosisComment removed: User banned.
-
-
0%
panzerv4 months, 2 weeks ago
People...People...please don't panic! I am happy to inform you that oil has returned to $130 a barrel, and will now probably continue to climb unabated. I know...I to was getting a little worried there. Thank God the oil companies came to their senses and, seeing that people have curbed their driving habits and are actually using less petrol, raised the prices back up to cover the loss. Please stay calm! Return to your homes...put out those torches and stow those pitchforks back in the shed. Our extortionist big brothers in oil will take very good care of us!
Reply -
-
AlphaGnosisComment removed: User banned.1 Reply
-
0%
libsRfunny4 months, 2 weeks ago
"I think I'll buy a horse and buggy."
I read an article on Drudge last week about a farmer going back to using mules to plow some of his fields. Said it was cheaper than using his tractor.
Reply
-
-
0%
Wolfie20074 months, 2 weeks ago
What goes up must come down. I have to go to town one day this week to buy gas. I waited until the holiday weekend was over hoping I could get it few cents cheaper. I have a horses but no buggies but corn and hay are costing more than gas. I would like to have a buggy but I found out that buggys are very expensive, too. Maybe I can get an old wagon. lol
Reply-
0%
libsRfunny4 months, 2 weeks ago
We'll all travel like the Amish soon! hmm... I wonder if I can rig my motorcycle be pulled by a horse.
Reply
-
-
0%
SunnyDays4 months, 2 weeks ago
Whew... this oil price hike is affecting evryone in the world
Reply -
0%
Catsx334 months, 2 weeks ago
Why does the gas price not come down when the cost of oil does? Catsx33
Reply -
0%
icono14 months, 2 weeks ago
Would our politicians restrict our access to energy resources in our own country so that they, the politicians, could profit from perceived shortages because of those restrictions?
Why yes they would.
Because; they write the laws so therefore they can do that.
Reply -
0%
Cityslicker4 months, 2 weeks ago
We ought to be ashamed , 45th lowest and we are whining about it . (sarcasm)
More propaganda to try and make you feel o-k with soaring gas prices , person must work for someone who needs a spin doctor !
Spin this , no one drove this weekend because they had little or no money to afford the high prices or are just sick of this gluttony and greed , no one is buying , except what they have to and the Economy is down .
Maybe the sheep will baa louder when they realize they are getting fleeced !
Reply -
0%
HMMace4 months, 2 weeks ago
WHEREAS--SO MANY AMERICAN MEN, AND WOMEN HAVE DIED PROTECTING THIS COUNTRY---AL RESOURCES BELONG TO THE PEOPLE OF THIS COUNTRY---
---NOT THE ROCKAFELLAS, AND SUCH...
WHEREAS THESE SAME OIL COMPANYS SHOW NO LOYALTY TO THIS COUNTRY..
WE MUST NOW NATIONALIZE ALL OFD THESE RESORCES FOR OUR OWN GOOD...
WE CANNOT TRUST THESE COMPANYS TO ACT IN GOOD FAITH FOR US..
I AM SURE WE CAN DELIVER OIL MUCH CHEAPER THAN WHAT THE SAUDIS ARE CHARGING US..
AS IT IS..ALASKA OIL IS BEING SHIPPED TO JAPAN--FOR A HIGHER PRICE..WHAT DOES THAT TELL YOU...THEN WE HAVE TO BUY SAUDI OIL..NICE PEOPLE THESE AMERICAN OIL COMPANYS..
OF COURSE WE FIRST HAVE TO GET RID OF ALL OUR CURRANT POLITICIANS--BECAUSE IT HAS BEEN UNDER THEM THIS HAS ALL HAPPENED..
AS IT IS--WE MUST PAY THE SAUDIS PRICE FOR OUR OIL FROM THE GULF OF MEXICO..???
THE OIL COMPANYS OUR GIVING THE AMERICAN PEOPLE THE SHAFT..
Reply -
-
0%
slate4 months, 2 weeks ago
NATIONALIZE???!!!!!
Yeah I heard Maxine Waters slip and state that MARXIST agenda you support.
Though we do need to keep oil off the volatile speculator market, having the Marxist idea of having the government come in and take over? You are talking the same government that experimented with syphilis by giving it to blacks as well as other things; do you think it will be benevolent as far as gas prices once they see they can have ALLLLLL the profits instead of 4 times what the oil companies get? The dirty little secret the GOV. hides is that when BIG OIL profits BIG GOV does so a well. Pandering works so well with people that lives by emotion alone.
Reply-
0%
slate4 months, 2 weeks ago
If you toss in what Obama, Hillary and others politicians say this is in the works and it will be much worse. Get your free gasoline? Remember, if you have a license plate that ends in an odd number your 'ration' will be available on Mondays, Wednesdays and Fridays, even will be Tuesday, Thursday and Saturdays, no ga will be available on Sundays.
While they are at it, Let's have them take over Big Food, Big Ag., Big Electric, Big Hollywood, and BIG Everything else which includes what each of you do, which they will decide for you.
I think Russia, China and Cuba have tried that, how's that going for them?
Reply
-
-
-
0%
tomjason174 months, 2 weeks ago
Oil prices are going dam high, wat to do. It will also increase the commodity prices........
Reply
Add a Comment
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.