Pedro Picasso hampered in energy investment

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4616152#4616170

Oh my.

raccoon  (1000+ posts)      Tue Dec-09-08 10:09 AM
Original message
 
Why is the price of oil so low? And how long do you think it will last?

slackmaster  (1000+ posts)      Tue Dec-09-08 10:10 AM
Response to Original message
 
1. It's low because of decreased demand by the US, China, and others

It will stay low until producers cut production.

Pharaoh  (1000+ posts)        Tue Dec-09-08 10:11 AM
Response to Original message
 
3. The world economy is one issue, but I believe it was speculators that drove it so high.

madokie  (1000+ posts)      Tue Dec-09-08 10:29 AM
Response to Reply #3
 
16. Plus they were only getting in all they could while the cookie jar was unattended

Plus the oily folks don't want an investigation of why the price shot up like it did when it did. The price will stay lower up til the threat of that is gone. Then all bets are off the table once again.

Atman  (1000+ posts)        Tue Dec-09-08 10:12 AM
Response to Original message
 
7. The declinding [sic] price of oil has already hampered alt [sic] energy investment.

Mission Accomplished. Americans will go back to buying big cars and driving too much.

And selfishly living in too much real-estate.

DU AdBot (1000+ posts)      Tue Dec 09th 2008, 06:27 PM
Response to Original message

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