With the storm approaching, production has now stopped in some refineries from what I read today.

Do you feel better now Admin?

But 2Suns, I am only repeating what the experts tell us when prices of crude oil goes up. And as Dog or Mutt (one of them canines) illustrated with his "carpet price analogy". They all say that the futures price is responsible for the current price. And you say it's not. So which is it?

Or is the overiding theme that whenever a storm gets moving, it's okay to raise prices before production slows or stops, and then not lower them until after all production has removed?

Oil down to $97 a barrel.

Gas is down $0.18 on the NYM to $2.59......

Yep, and has anyone assesed the damage to the refineries yet? Kinda funny how the stations that were at $4.29 all weekend, were already down to $4.19 at 7am today, then at 7:45am they were down to $4.05. That shortage of gas suddenly corrected itself before the first truck left this morning?!

Well, the oil companies succeeded in getting rich while putting everyone else in the poorhouse. I can almost picture a couple of good ol' boys setting it all up in the executive bathroom:

"Are we talking about a wager, Randolph?"


Maybe the winner has collected his dollar for winning the bet and we can go back to "only" $2.50 gas now.

Originally posted by Al:




More fuel for the fire.

See You Later, Speculator

The last oil futures quote was $93.05 down $2.66 today.