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View Full Version : Biggest Oil Spike Ever


CHRIS67
09-22-2008, 02:03 PM
Just saw this on CNN:

http://money.cnn.com/2008/09/22/markets/oil/index.htm?postversion=2008092214

:-x

BonzoHansen
09-22-2008, 02:12 PM
Fear driven trading

CHRIS67
09-22-2008, 02:15 PM
You got it.

Time to top off the 67 one last time for the year.

cdacda13
09-22-2008, 02:21 PM
I knew I should have bought oil shares last week.

JL8Jeff
09-22-2008, 02:38 PM
It's the short sellers that are doing this in every commodity they can. It has to be stopped somehow. And the computer trading makes it worse.

BonzoHansen
09-22-2008, 02:44 PM
Right now it is a flight to physical commodities. Gold, oil, etc. Demand up, price up. I think once the details on the fed takeover of CDOs this will flatten out. I think.

GP99GT
09-22-2008, 04:22 PM
guess i better go fill upt he stang

DevilDougWS6
09-22-2008, 05:17 PM
gay. i ****ing hate people.....

Lt1_8U
09-22-2008, 06:35 PM
i just filled up the trans am. $3.59..my dad says he used to scramble in his vette between the seats and find change and was able to get gas(change) not 5 dollar bills or anything. i remember before i got my license it was around $2.00 a gallon. This whole situation just sucks..prices go up and income stays the same:moon: