WTF!? Did oil drop to $50 a barrel today???, page 2

reply to post by srsen

---

Oil has plummeted to below 100 dollar a barrel in addition to Gold and Silver taking a massive dump as well.. I have not really seen anything that would trigger these drops as of yet... It is intresting though.

blogs.forbes.com...

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

So then...

While we were Distracted with Gay Marriage news This happend today
  Posted 18 days ago with 81 member flags

People are marching in the streets all over Quebec
  Posted 4 days ago with 72 member flags

Critical Mass Has Arrived: Fast & Furious Scandal - Dems Join With GOP
  Posted 17 days ago with 32 member flags

Breaking: Ron Paul to end active campaigning - cnn
  Posted 14 days ago with 26 member flags

President Obama Affirms His Support for Same Sex Marriage
  Posted 19 days ago with 24 member flags

Anon has released 1.7 GB of files....
  Posted 6 days ago with 24 member flags

Police Tasings Might Finally Be Ruled Brutality
  Posted 12 days ago with 23 member flags

US judge blocks indefinite detention of Americans
  Posted 12 days ago with 21 member flags