📰 Auto News Oil back below $88 on Monday

[Mook]

Simply put, the U.S. economy is in the crapper. Stocks are yoyoing and our mortgages are a fraction of what they were even a year ago. For all that's fiscally wrong here in the States, there is one pleasant side effect: the price of a barrel of oil is dropping faster than Kimbo Slice against a two bit hack. Oil dropped 6% in trading on Monday, bringing down the price of a barrel of crude to $87.81. Black Gold has been on a downward trajectory since July 11, when it peaked at $147 per barrel. Since then, demand has weakened both in the U.S. and China, with demand slacking so badly that the Communist government hasn't purchased any oil in two months, and it's even selling some of its stockpiles.

While demand for oil is down to where it was eight months ago, OPEC is watching with a wary eye. The oil consortium, which on several occasions has increased oil production over the past year, is likely to slash production when it meets again in December. In the short term, industry experts are predicting that gas prices will drop below the $3 mark by November 1, which will make for one piece of good news in an otherwise lousy news cycle.

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[PANDA]

nice, I was just about to buy a Honda.

 

[skeezer]

GODDAMMIT KIMBO

 

[Mook]

i laughed at that reference

 

[02DyeFour]

GODDAMMIT KIMBO

Kimbo = biggest overrated piece of junk ever!!

 

[Poopshinanigans]

Where can i buy a tanker to fill up and stash in my backyard?

 

[Yaj Yak]

Where can i buy a tanker to fill up and stash in my backyard?

rubbermaid containers from walmart, and then an e-z syphon.

hahah.

 

[Lord Tin Foilhat]

rubbermaid containers from walmart, and then an e-z syphon.

hahah.

gas will eat plastic in time

 

[Yaj Yak]

gas will eat plastic in time

cuz im honestly going to purchase rubbermaid containers for gasoline?


My gas tank in my car is plastic? Why hasnt it eaten through there?

 

[Yaj Yak]

 

[Poopshinanigans]

rubbermaid containers from walmart, and then an e-z syphon.

hahah.

I'll take my rubber garden hose and breath mint thankyouverymuch!!!

 

[sickmint79]

this will only last as long as this goes on - http://quotes.ino.com/chart/?s=NYBOT_DX&v=d1

i see this as merely a breakout from the real trend though - http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax

 

[bluzohh6]

kimbo got lots of money so i say hes pretty smart

 

[RebelGTP]

Where can i buy a tanker to fill up and stash in my backyard?

want one of these?

 

[sickmint79]

instead of buying a tanker and storing oil, buy a safe and store gold/silver.

 

[dave8590]

good... now ten miles to the gallon wont hurt so much

 

[Poopshinanigans]

instead of buying a tanker and storing oil, buy a safe and store gold/silver.

I wasn't thinking of selling it, i was thinking of using it. Or starting a really big fire.

As for that Tanker picture all i can think of is Mad Max.

 

[Angus]

I wasn't thinking of selling it, i was thinking of using it. Or starting a really big fire.

As for that Tanker picture all i can think of is Mad Max.

both Australian....

 

[bluzohh6]

shits not going to happen