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In Reply to: I shoud have said, "Without a rise in oil prices, no appreciable rise in prices at the pump) Thr posted by Road Warrior on October 14, 2014 at 14:29:11:
WTI is currently at $81.38 for November delivery. It was at $80.52 earlier this morning. Brent is at $84.07.A couple years ago or so, T. Boone Pickens said he expected to see $80 oil before $140 oil. Right again, Boone!
Surely, the lackluster and even recessional economies in the U.S., Europe, and South America have NOTHING to do with it.
Demand is down, so prices are down. It's not rocket science. For the inside scoop on oil, listen to Ed Wallace's "O" report on his show "Wheels" Saturday mornings from 8 am to 1 pm Central on KLIF 570 in Dallas, or go to his website insideautomotive.com, where you can listen to the live stream.
Using the rule of thumb "buy low, sell high", this may be a good time to buy some oil stocks.
:)
Edits: 10/16/14 10/16/14
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- RE: I shoud have said, "Without a rise in oil prices, no appreciable rise in prices at the pump) Thr - Inmate51 08:47:07 10/16/14 (0)