Oil at $92 a barrel

Link

Oil has dropped $55, or 37%, since July.

Who is getting credit for htis?

 

Oil down 37%, gas prices down 5%

Nice.
The Link

 

how are we still paying nearly $4.00 then? ********. that damn george bush!

 

4.00 is due to a short term shock. We are headed for 2.50.

 

You won't get sub $3. Refinery capacity and what not. That and the market collapse has driven down volume in this commodity market. Financial freezing.

 

Hmm, financials are in trouble and oil is dropping. What has happened to commodity transaction volume I wonder? Or perhaps the question is what was propping up oil prices over the summer?

 

I'm always fascinated that when oil and gas go up, we're told it's because of simply supply and demand yet when oil goes down and gas doesn't, there are other factors at play.

 

Natural gas prices shot up at about same time as crude oil prices and now have dropped as well. I hope they have fixed whatever loophole was being exploited so this doesn't happen again.

 

Where's the next bubble? I want to get in early this time.