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Reply #3: That explains the jubilation and buying frenzy on Wall Street [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-08-08 03:45 PM
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3. That explains the jubilation and buying frenzy on Wall Street
The Dow is up 150+ points.

It'll take another big one day drop to bust the bubble, though.
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  -Oil falls to $136 today........ scheming daemons  Jul-08-08 03:41 PM   #0 
  - Big Whoops!  connecticut yankee   Jul-08-08 03:43 PM   #1 
  - Phew. Crisis averted  jpcrecom   Jul-08-08 03:44 PM   #2 
  - No.  Tandalayo_Scheisskopf   Jul-08-08 03:46 PM   #5 
  - That explains the jubilation and buying frenzy on Wall Street  Warpy   Jul-08-08 03:45 PM   #3 
  - Does Not Change The Underlying Fundamentals Of Peak Oil  lostnotforgotten   Jul-08-08 03:46 PM   #4 
  - Again, this has nothing to do with peak oil  no limit   Jul-08-08 03:49 PM   #9 
  - currency  jpcrecom   Jul-08-08 03:58 PM   #18 
  - "Demand in china/India continues to grow rapidly"  Hannah Bell   Jul-08-08 04:31 PM   #25 
  - And again, and again  Terry in Austin   Jul-08-08 04:20 PM   #23 
  - Funny You Make Bold Statements Without Reading The Reference Material  lostnotforgotten   Jul-08-08 04:46 PM   #30 
     - You may have missed it  Terry in Austin   Jul-08-08 05:49 PM   #36 
        - See Peak Oil Reference And Link Below  lostnotforgotten   Jul-08-08 05:50 PM   #38 
           - The Sci Am article?  Terry in Austin   Jul-08-08 06:00 PM   #41 
  - Facts Don't Support Your Supposition - If You Had Bothered To Read The Link  lostnotforgotten   Jul-08-08 04:43 PM   #28 
  - No, it doesn't.  Tandalayo_Scheisskopf   Jul-08-08 03:51 PM   #12 
     - Your comment about buying time..  tedoll78   Jul-08-08 04:27 PM   #24 
     - What Does Mike Ruppert Have To Do With Peak Oil?  lostnotforgotten   Jul-08-08 04:45 PM   #29 
        - Mike Ruppert...  Tandalayo_Scheisskopf   Jul-08-08 04:53 PM   #31 
        - Peak Oil Article - Scientific American - March 1998  lostnotforgotten   Jul-08-08 05:49 PM   #37 
           - So? He was, nevertheless, one of the early popularizers.  Hannah Bell   Jul-09-08 01:12 PM   #44 
        - nope, he was one of the early popularizers of the idea.  Hannah Bell   Jul-08-08 04:54 PM   #32 
  - hallelujah!  no limit   Jul-08-08 03:47 PM   #6 
  - Wanna bet that this DOESN'T drop the price of gas at all anytime soon?  scheming daemons   Jul-08-08 03:48 PM   #7 
  - Is there real competition between the gas companies?  aint_no_life_nowhere   Jul-08-08 05:09 PM   #33 
  - Demand *has* to be down in the US somewhat  Lex   Jul-08-08 03:48 PM   #8 
  - The one benefit of all of this.... traffic has become manageable!  scheming daemons   Jul-08-08 03:49 PM   #10 
  - I've noticed that in Los Angeles too...  Juniperx   Jul-08-08 03:51 PM   #14 
  - that's funny I live around the duke environs and I  Tunkamerica   Jul-08-08 03:52 PM   #15 
  - unfortunately  jpcrecom   Jul-08-08 04:00 PM   #19 
  - This Bubble Will Eventually Collapse  MannyGoldstein   Jul-08-08 03:50 PM   #11 
  - Maybe people will be more conscious about their consumption  Lex   Jul-08-08 03:51 PM   #13 
  - They'll Be More Careful - For A While  MannyGoldstein   Jul-08-08 03:53 PM   #16 
  - I'm with you.  Tandalayo_Scheisskopf   Jul-08-08 03:54 PM   #17 
  - Supply is actually tight now, gas lines come later  Terry in Austin   Jul-08-08 04:36 PM   #26 
     - world production: thousands of barrels per day  Hannah Bell   Jul-08-08 05:14 PM   #35 
        - Actually That Is Millions Of Barrels Per Day Globally  lostnotforgotten   Jul-08-08 05:51 PM   #39 
           - if you go to the link, you'll find you're confused.  Hannah Bell   Jul-08-08 06:53 PM   #42 
              - Ah Yes - Production But Not Consumption!  lostnotforgotten   Jul-09-08 10:28 AM   #43 
  - Stronger dollar = cheaper oil!  DailyGrind51   Jul-08-08 04:11 PM   #20 
  - Out of the Iraq quagmire & attendant debt = stronger dollar = cheaper oil.  Lex   Jul-08-08 04:18 PM   #22 
  - but prices will continue to rise  greenbriar   Jul-08-08 04:14 PM   #21 
  - I said it yesterday  aspergris   Jul-08-08 04:38 PM   #27 
  - The gas you are using today was when oil cost $90-110 a barrel  Ichingcarpenter   Jul-08-08 05:10 PM   #34 
  - Now, just take away the $75 per barrel that's "pork" for the speculators,  SoCalDem   Jul-08-08 05:54 PM   #40 
 

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