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-   -   Biggest Oil Spike Ever (http://www.njfboa.org/forums/showthread.php?t=37269)

CHRIS67 09-22-2008 02:03 PM

Biggest Oil Spike Ever
 
Just saw this on CNN:

http://money.cnn.com/2008/09/22/mark...ion=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:


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