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affluenza's picture

Oil Prices are Falling...

by affluenza (Senior Orangutan, 438 Banana Points Points) on 9/16/08 at 8:18pm
no_dollar_beggar.jpg

Fantastic! Just in time for Lehman employees to fill up their tanks for the drive to the unemployment line, and the rest of us whose portfolios shit the bed yesterday to go pick up some food stamps.

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venturecapitalista's picture

Makes sense

by venturecapitalista (Chimp, 0 Banana Points Points) on 9/16/08 at 9:56pm

Makes sense, considering the anticipated global economic slowdown that is grinding its way out. Lower demand will lower prices, and the Fed finally seems mindful of the inflationary pressures on the markets from low interest rates.

Who owns a car in NYC anyway?

affluenza's picture

Awww, c'mon venture....HUMOR

by affluenza (Senior Orangutan, 438 Banana Points Points) on 9/16/08 at 10:27pm

Awww, c'mon venture....HUMOR me.....

C.R.E.A.M.'s picture

quit crying and complaining

by C.R.E.A.M. (Senior Monkey, 72 Banana Points Points) on 9/16/08 at 11:59pm

quit crying and complaining so much

what would you rather have $200/barrel oil ??

at least the margins are increasing in professions like pizza delivery men where most IBD hopefuls are going to end up in this economy

"There is only one bottom line -- how much money you make."

zhouij's picture

Haha,

by zhouij (Senior Chimp, 16 Banana Points Points) on 9/18/08 at 12:09am

I think that's because very soon non of us will be able to afford cars and houses. Of course the oil price would go down.