Re: oil price in free fall

On 10 Sep, 03:31, Gosi <gos...@[EMAIL PROTECTED]
> wrote:
> On 24 Juli, 07:33, Gosi <gos...@[EMAIL PROTECTED]
> wrote:
>
> > For a while it looked like the law of supply and demand was not
> > working.
> > I guess the oil price level finally reached too high.
> > Lets hope it will fall all the way down to reasonable level.
> > I also wish that we have learned a lesson from this and continue
> > search for new sources of energy.
>
> The oilprice has continued to slide.
> The price of a barrel went to $147 and is now $95 so it has gone down
> 35% in two months.
> Question is what level will it stay on.
> My guess is it will level off somewhere around $80 to $90
>
> Now there is a question if the pump prices go down to the same levels
> as before the latest rises started a year ago.
>
> Will the car sales start increasing again?
>
> Have we learned anything from this spike in prices?

I am seeing the international price of oil going down but the pump
prices stay the same.
As soon as the international prices started to go up the pump prices
went up.
The same connection does not seem to apply when it comes down.

Now when the printing presses go warm making more and more dollars the
price of dollar is sure to come down too.
I wonder when the pump prices start to show those realities.

The government may well step in and raise taxes to keep the pump
prices up as they have done before if they have not already done so.