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Is Cheaper Oil A Good Thing?

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    #1

    Is Cheaper Oil A Good Thing?

    http://www.time.com/time/business/article/0,8599,1849215,00.html?cnn=yes
    The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.
    Tags: None
    #2
    The primary reason for the drop in Oil Prices is that speculators are leaving the market. Many Hedge Funds completed their yearly cycle the last week of September. Since then they have been selling off assets as many investors are wanting their money out of the market.

    I do fear that it will sink as an issue because we really need to become energy independent, without being energy independent we cannot fully rebuild a stable economy.
    May 31st, 2007: Petition Filed by my lawyer
    July 2nd, 2007: 341 Meeting Held
    September 4th, 2007: Discharged and Closed.

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      #3
      Oil speculators and corporate "big oil" and associate greed is what pushed gas prices extremely high; all of the explanations that were presented about years of increased global demand was basically a load of garbage. While gas prices are still to high, they will most likely continue to drop do to the tanked global ecomony and the possible change in presidency. Energy independence isn't going to help keep prices low either, because we will gauge ourselves with inflated energy prices too. lol
      The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

      Comment

        #4
        High gas prices started the economic downturn. While gas was trading as high as $160 a barrel and gas at the pumps was $4 a gallon they were raking in the dough, Gas is trading now less than half the price but its down around 20% at the pump even though the barrel price is less than half. They are even making more money now. Gas needs to get back to the $2 a gallon price.

        Comment

          #5
          Originally posted by ansky0007 View Post
          Gas needs to get back to the $2 a gallon price.
          I concur with this statement! Real Estate prices also need to continue to drop quite significantly in order for the US economy to start improving too. Yes, there will certainly be casualities do to this but...we technically got ourselves here in the first place.
          The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

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            #6
            To answer the question, YES! Cheap oil is a good thing

            We still must be energy independent but with the economy in it's current state the cheap oil will really help us all at least for now.



            We can also report some positive posts on this thread too.

            Rising Gas Prices - Bankruptcy Forum Chapter 7 13 341 Meeting Credit Collections
            http://www.bkforum.com/showthread.php?t=3090
            Everything NON-bankruptcy related.
            The essence of freedom is the proper limitation of Government

            Comment

              #7
              Originally posted by banca rotta View Post
              We can also report some positive posts on this thread too.

              http://www.bkforum.com/showthread.php?t=3090
              True...I just posted some good news in that thread too.
              The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

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