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oil ooozing up and price coming down.

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Le Moose

Le Moose is offline

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oil ooozing up and price coming down.

On 6/7/2010 5:20 PM, wrote:
On Mon, 7 Jun 2010 12:37:05 -0700 (PDT),
wrote:

Soemthign doesn't make sense to me. with all the 'bubblin' crude
threatening the gulf of mexico, the price of oil sems to be dropping
instead of ging higher. over what, 33million gallons of crude wasted
in the water not counting multi billions in damages, you'd think that
those millions of gallons of oil being lost out of the world market
would cause a rise in price, but it seems the oposite. over the
weekend there was an approx. $3.50 drop in crude.
Same way as when the Alaskan pipeline was closed.

I like the lower pricing for everyne involved especially when I take
the boat[s] out, but something is really wierd about the supposed
'price and demand' theory.

What gives?

It is just signalling a slowdown in the economy.
The folks in that area north of Atlanta where we were, were
complaining that the season was starting out slow for them and I know
things were slower than normal at Busch Gardens the week after school
let out. I suspect dad is either not working, working for less money
or can't afford to take time off.
I was really surprised at the lack of boat traffic in the Clearwater
Pass Inlet Saturday. Usually that is very busy.

The opressive heat and humidity might have had something to do with Sat.
being an off day. We took a bike ride to St. Pete pier but other than
that pretty much stayed in our little pup tent.

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