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Uh-Oh

Mike

Well-known member
London (AFP) - Oil prices sank to fresh four-year lows on Thursday, with New York crude tumbling below $70 after the OPEC oil cartel held its collective output ceiling.

At about 1610 GMT, West Texas Intermediate for January delivery struck $69.11 per barrel -- last seen on May 25, 2010. Brent North Sea crude for January hit $72.74, a level last witnessed on July 7, 2010.
 

Whitewing

Well-known member
Mike said:
London (AFP) - Oil prices sank to fresh four-year lows on Thursday, with New York crude tumbling below $70 after the OPEC oil cartel held its collective output ceiling.

At about 1610 GMT, West Texas Intermediate for January delivery struck $69.11 per barrel -- last seen on May 25, 2010. Brent North Sea crude for January hit $72.74, a level last witnessed on July 7, 2010.

Wet Willy's may end up a dry hole.
 

Mike

Well-known member
redrobin said:
Cattle and crude track pretty close together I hear.

I wouldn't doubt that crude tracks closely with everything. It take's energy to produce most everything and it gets to us on a truck.
 

loomixguy

Well-known member
I'd like to know why I'm paying around $2.59/ gallon for gas, but road diesel is still right at $4/gallon, and supposedly there's no winter blend availabile in the plains states? At least not in Nebraska.
 

Whitewing

Well-known member
loomixguy said:
I'd like to know why I'm paying around $2.59/ gallon for gas, but road diesel is still right at $4/gallon, and supposedly there's no winter blend availabile in the plains states? At least not in Nebraska.

Greenie weenies, nimby's??? :D

Oh, and to make you feel better, I'm buying diesel these days by the 55 gallon drum at $0.08..............................................per drum. :lol:
 

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