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Why does OIL keep dropping?

 
Anonymous Coward
User ID: 5495590
Netherlands
06/21/2012 03:09 PM
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Why does OIL keep dropping?
i thought when there is an economic crisis like this oil would go up.

why does it go down and where will it stop?
DanG
User ID: 15299538
United States
06/21/2012 03:09 PM
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Re: Why does OIL keep dropping?
because the Planet is BROKE.
Anonymous Coward
User ID: 108458
United States
06/21/2012 03:13 PM
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Re: Why does OIL keep dropping?
Simple economics:
Decreased demand or increased supply; two ways of saying the same thing.
Anonymous Coward
User ID: 4619492
United States
06/21/2012 03:20 PM
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Re: Why does OIL keep dropping?
demand destruction
Anonymous Coward
User ID: 18337488
United States
06/21/2012 03:26 PM
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Re: Why does OIL keep dropping?
i thought when there is an economic crisis like this oil would go up.

why does it go down and where will it stop?
 Quoting: hanchi



People are fleeing to the dollar make it worth more. That makes it so you can pay less for the same amount of oil. Commodities go down as fiat currency goes up.
Anonymous Coward
User ID: 16609398
United Kingdom
06/21/2012 03:28 PM
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Re: Why does OIL keep dropping?
Oh my god the price of oil is rising!!! DOOOOOOM!!!!!!





Oh my god the price of oil is falling!!! DOOOOOOM!!!!!
mathetes

User ID: 18119575
United States
06/21/2012 03:36 PM

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Re: Why does OIL keep dropping?
Simple economics:
Decreased demand or increased supply; two ways of saying the same thing.
 Quoting: Anonymous Coward 108458


Very true, add to this the Saudis are ramping up production to break the Iranians
For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in.
Anonymous Coward
User ID: 12559674
United States
06/21/2012 03:38 PM
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Re: Why does OIL keep dropping?
Gravity
Anonymous Coward (OP)
User ID: 5495590
Netherlands
06/21/2012 04:19 PM
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Re: Why does OIL keep dropping?
ok....
DeadBeacon

User ID: 17611429
United States
06/21/2012 04:24 PM
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Re: Why does OIL keep dropping?
No job..no buy
No buy..no ship
No ship..no make
No make..no job ....repeat.
:Canadian F::State of Texas:

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"Question what you know and know why you question".

"GLP will never be the sane...uhhh...same".

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DougNTexas

User ID: 17464380
United States
06/21/2012 04:49 PM
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Re: Why does OIL keep dropping?
Where are all those jobs the new Republican Congress promised two years ago?

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