Thread: Oil Slick Stuff

We're at $2.35 along I-10 in South Mississippi.

Anyone shorting this drop? I bought a lot of SCO (-2x) yesterday.

We had a gas station in the area at $1.99. He sold out in a couple of hours. Average low around here is $2.37.

How Low can we go?
Check out this Video, it's in the Media section of the Forum.
S&P Action Decoded: How Oil Controls The Markets...Now

Originally Posted by nnuut

How Low can we go?

This morning E10 at $1.95

E10 averaging $2.28 down here, I think I'm gonna Fill'em Up!ok.gif

4 reasons collapsing oil prices are rattling stocks

By William Watts
Published: Dec 12, 2014 3:22 p.m. ET

EW YORK (MarketWatch) — Falling oil prices are supposed to be good news on balance for the U.S. economy. Nevertheless, crude’s astonishingly rapid decline has served to rattle investors, triggering a strong pullback in stocks this week. On the New York Mercantile exchange crude oil for January delivery settled at a remarkable $57.81, shedding $5.25, since Monday. Here are some of the reasons investors are unsettled by oil’s drop CLF5, -2.16% to five-and -half year lows:[more]
4 reasons collapsing oil prices are rattling stocks - MarketWatch

Here are the reasons oil is plunging to $57

By William Watts
Published: Dec 12, 2014 12:43 p.m. ET

Indeed, oil futures CLF5, -2.34% have plunged almost 41% from the beginning of the year, including carnage in Thursday trading that saw oil settle below $60, at $59.95, marking its lowest settlement price since July 14, 2009.Brent LCOF5, -2.07% is down about 44% for the year.

Prices continued to slide lower on Friday, with WTI hitting a stunning $57 a barrel after the International Energy Agency cut its outlook for global demand. On the New York Mercantile exchange, crude oil for January delivery has shaved more than $6, a stunning move over the past five days.
Here’s a look at the factors that have led to the largest price decline since the 2008 financial crisis.
Here are the reasons oil is plunging to $57 - MarketWatch

I seriously never thought I'd see gas go down to $3.09 over here. Yipeeee! I wonder how long that's going to last.

What is E10? 10% ethanol? Unleaded at the pump?

Originally Posted by konakathy

I seriously never thought I'd see gas go down to $3.09 over here. Yipeeee! I wonder how long that's going to last.

What is E10? 10% ethanol? Unleaded at the pump?

This is really good for the economy but they are trying to make it an EVIL, it's NOT! The Strong Dollar is the way to go, with the exception of rising interest rates on the US debt but Obama says our debt isn't important, another thing that he has said that is blatantly WRONG!

E10 averaging $2.24 a gallon in BPGA, I filled up yesterday at $2.25 a gallon Yes Sir I like it when it's cheap!chimp-bouncing-on-feet.gif

A cut-rate station in town is at $1.91 this morning for 90% pure gas